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Revenue (Notes)
6 Months Ended
Jan. 31, 2024
Revenue [Abstract]  
Revenue from Contract with Customer [Text Block]
Disaggregation of Revenues
The following table presents net revenues disaggregated by segment and major revenue type for the three and six months ended January 31, 2024 and 2023 (in thousands):
Three Months Ended January 31,Six Months Ended January 31,
 2024202320242023
Mountain net revenue:
Lift$603,459 $592,603 $648,849 $652,143 
Ski School126,629 123,451 133,807 132,378 
Dining82,060 85,828 100,137 105,270 
Retail/Rental136,156 159,932 169,630 200,276 
Other51,677 51,628 120,013 125,092 
Total Mountain net revenue$999,981 $1,013,442 $1,172,436 $1,215,159 
Lodging net revenue:
Owned hotel rooms$13,583 $13,479 $38,760 $37,044 
Managed condominium rooms28,308 31,336 40,311 44,195 
Dining 13,609 13,184 31,692 30,013 
Transportation6,405 5,888 7,910 7,348 
Golf— — 6,471 5,939 
Other11,417 11,700 26,540 24,988 
73,322 75,587 151,684 149,527 
Payroll cost reimbursements4,495 4,990 7,954 8,667 
Total Lodging net revenue $77,817 $80,577 $159,638 $158,194 
Total Resort net revenue$1,077,798 $1,094,019 $1,332,074 $1,373,353 
Total Real Estate net revenue160 7,699 4,449 7,812 
Total net revenue$1,077,958 $1,101,718 $1,336,523 $1,381,165 

Contract Balances
Deferred revenue balances of a short-term nature were $660.3 million and $572.6 million as of January 31, 2024 and July 31, 2023, respectively. For the three and six months ended January 31, 2024, the Company recognized approximately $238.0 million and $294.5 million, respectively, of revenue that was included in the deferred revenue balance as of July 31, 2023. Deferred revenue balances of a long-term nature, comprised primarily of long-term private club initiation fee revenue, were $108.3 million, $109.7 million and $113.3 million as of January 31, 2024, July 31, 2023 and January 31, 2023, respectively. As of January 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.
Costs to Obtain Contracts with Customers
Costs to obtain contracts with customers are recorded within other current assets on the Company’s Consolidated Condensed Balance Sheets, and were $14.4 million, $5.1 million and $13.0 million as of January 31, 2024, July 31, 2023 and January 31, 2023, respectively. The amounts capitalized are subject to amortization generally beginning in the second quarter of each fiscal year, commensurate with the recognition of revenue for related pass products. The Company recorded amortization of $13.9 million for these costs during both the three and six months ended January 31, 2024, which was recorded within Mountain and Lodging operating expense on the Company’s Consolidated Condensed Statements of Operations.