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Share Repurchase Program
6 Months Ended
Jan. 31, 2025
Payments for Repurchase of Equity [Abstract]  
Share Repurchase Program Share Repurchase Program
On March 9, 2006, the Company’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, March 7, 2023, and September 25, 2024, the Company’s Board of Directors increased the authorization by an additional 3,000,000, 1,500,000, 2,500,000, and 1,100,000 Vail Shares, respectively, for a total authorization to repurchase up to 11,100,000 Vail Shares. During the three months ended January 31, 2025, the Company repurchased 102,268 Vail Shares (at a total cost of $20.0 million excluding accrued excise tax). The Company did not repurchase any Vail Shares during the three months ended January 31, 2024. During the six months ended January 31, 2025 and 2024, the Company repurchased 217,068 and 237,056 Vail Shares, respectively (at a total cost of $40.0 million and $50.0 million, respectively, excluding accrued excise tax). Since inception of this stock repurchase program through January 31, 2025, the Company has repurchased 9,586,748 Vail Shares at a cost of approximately $1,169.4 million. As of January 31, 2025, 1,513,252 Vail Shares remained available to repurchase under the existing 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 the issuance of Vail Shares under the Company’s employee share award plan.