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Net Income Per Common Share (Tables)
 6 Months Ended
Jan. 31, 2025
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 January 31, 2025 and 2024 (in thousands, except per share amounts):
 Three Months Ended January 31,
 20252024
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$245,548 $245,548 $219,299 $219,299 
Weighted-average shares outstanding37,382 37,382 37,967 37,967 
Effect of dilutive securities— 43 — 79 
Total shares37,382 37,425 37,967 38,046 
Net income per share attributable to Vail Resorts$6.57 $6.56 $5.78 $5.76 
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 41,000 and 15,000 for the three months ended January 31, 2025 and 2024, respectively.

Presented below is basic and diluted EPS for the six months ended January 31, 2025 and 2024 (in thousands, except per share amounts):
 Six Months Ended January 31,
 20252024
 BasicDilutedBasicDiluted
Net income per share:
Net income attributable to Vail Resorts$72,712 $72,712 $43,787 $43,787 
Weighted-average shares outstanding37,428 37,428 38,042 38,042 
Effect of dilutive securities— 52 — 91 
Total shares37,428 37,480 38,042 38,133 
Net income per share attributable to Vail Resorts$1.94 $1.94 $1.15 $1.15 
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 21,000 and 18,000 for the six months ended January 31, 2025 and 2024 respectively.