XML 53 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value Measurements (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands
 3 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
Contingent Consideration $ 86,000 $ 59,300 $ 104,200 $ 73,300
Payments for Rent 20,279 17,057    
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability $ 2,079 3,057    
Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description 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 $20.0 million.      
Contingent Consideration, Key Assumptions for Valuation 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 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.      
Money Market $ 81,465 101,903 896  
Interest Rate Cash Flow Hedge Asset at Fair Value   13,931 2,343  
Net loss attributable to Vail Resorts, Inc. $ (172,836) $ (175,512)    
Weighted-average Vail Shares outstanding 37,473 38,117    
Weighted Average Number of Shares Outstanding, Basic 37,473 38,117    
Effect of dilutive securities 0 0    
Total shares 37,473 38,117    
Earnings Per Share, Basic $ (4.61) $ (4.60)    
Earnings Per Share, Diluted $ (4.61) $ (4.60)    
Canyons Obligation [Member]        
Business Combination, Contingent Consideration Arrangements, Description The lease for Park City provides for participating contingent payments (the “Contingent Consideration”) to the landlord of 42% of the amount by which EBITDA for the Park City resort operations, as calculated under the lease, exceeds inflation linked threshold and an adjustment equal to 10% of any capital improvements or investments made under the 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.      
Level 2 [Member]        
Interest Rate Cash Flow Hedge Asset at Fair Value   $ 13,931 2,343  
Fair Value, Inputs, Level 3 [Member]        
Contingent Consideration $ 86,000 59,300 104,200  
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member]        
Commercial Paper 81,465 101,903 896  
Commercial Paper [Member]        
Commercial Paper 2,401 2,401 2,401  
Commercial Paper [Member] | Level 2 [Member]        
Commercial Paper 2,401 2,401 2,401  
Certificates of Deposit [Member]        
Commercial Paper 95,544 138,614 101,989  
Certificates of Deposit [Member] | Level 2 [Member]        
Commercial Paper $ 95,544 $ 138,614 $ 101,989