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Net Income Per Common Share (Tables)

3 Months Ended

Oct. 31, 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 October 31, 2024 and 2023 (in thousands, except per share amounts):



	Three Months Ended October 31,
	2024				2023
	Basic		Diluted		Basic		Diluted
Net loss per share:
Net loss attributable to Vail Resorts	$	(172,836)	$	(172,836)	$	(175,512)	$	(175,512)
Weighted-average Vail Shares outstanding	37,473		37,473		38,117		38,117

Effect of dilutive securities	—		—		—		—
Total shares	37,473		37,473		38,117		38,117
Net loss per share attributable to Vail Resorts	$	(4.61)	$	(4.61)	$	(4.60)	$	(4.60)

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 0.3 million for both the three months ended October 31, 2024 and 2023.