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Net Income Per Common Share (Tables) | 9 Months Ended
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Apr. 30, 2024
Earnings Per Share Reconciliation [Abstract] |
Summary of Calculation of Basic And Diluted EPS | Presented below is basic and diluted EPS for the three months ended April 30, 2024 and 2023 (in thousands, except per share amounts):
|  | Three Months Ended April 30,
|  | 2024 |  | 2023
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 361,995 |  |  | $ | 361,995 |  |  | $ | 325,006 |  |  | $ | 325,006 |
Weighted-average Vail Shares outstanding |  | 37,839 |  |  | 37,839 |  |  | 39,620 |  |  | 39,620 |
Effect of dilutive securities |  | — |  |  | 97 |  |  | — |  |  | 104 |
Total shares |  | 37,839 |  |  | 37,936 |  |  | 39,620 |  |  | 39,724 |
Net income per share attributable to Vail Resorts |  | $ | 9.57 |  |  | $ | 9.54 |  |  | $ | 8.20 |  |  | $ | 8.18 |
The Company computes the effect of dilutive securities using the treasury stock method and average market prices during the period. The number of shares issuable upon the exercise of share-based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 11,000 and 24,000 for the three months ended April 30, 2024 and 2023, respectively. Presented below is basic and diluted EPS for the nine months ended April 30, 2024 and 2023 (in thousands, except per share amounts):
|  | Nine Months Ended April 30,
|  | 2024 |  | 2023
|  | Basic |  | Diluted |  | Basic |  | Diluted
Net income per share: |  |  |  |  |  |  |  |
Net income attributable to Vail Resorts |  | $ | 405,782 |  |  | $ | 405,782 |  |  | $ | 396,714 |  |  | $ | 396,714 |
Weighted-average Vail Shares outstanding |  | 37,974 |  |  | 37,974 |  |  | 40,081 |  |  | 40,081 |
Weighted-average Exchangeco Shares outstanding |  | — |  |  | — |  |  | 1 |  |  | 1 |
Total Weighted-average shares outstanding |  | 37,974 |  |  | 37,974 |  |  | 40,082 |  |  | 40,082 |
Effect of dilutive securities |  | — |  |  | 93 |  |  | — |  |  | 98 |
Total shares |  | 37,974 |  |  | 38,067 |  |  | 40,082 |  |  | 40,180 |
Net income per share attributable to Vail Resorts |  | $ | 10.69 |  |  | $ | 10.66 |  |  | $ | 9.90 |  |  | $ | 9.87 |
The number of shares issuable upon the exercise of share-based awards excluded from the calculation of diluted EPS because the effect of their inclusion would have been anti-dilutive totaled approximately 16,000 and 25,000 for the nine months ended April 30, 2024 and 2023 respectively.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
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