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Share Repurchase Program
9 Months Ended
Apr. 30, 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 and nine months ended April 30, 2025, the Company repurchased 186,815 and 403,883 Vail Shares, respectively (at a total cost of $30.0 million and $70.0 million, respectively, excluding accrued excise tax). During the three and nine months ended April 30, 2024, the Company repurchased 345,732 and 582,788 Vail Shares, respectively (at a total cost of $75.0 million and $125.0 million, respectively, excluding accrued excise tax). Since inception of this stock repurchase program through April 30, 2025, the Company has repurchased 9,773,563 Vail Shares at a cost of approximately $1,199.4 million. As of April 30, 2025, 1,326,437 Vail Shares remained available to repurchase under the existing share repurchase program. On June 4, 2025, the Company’s Board of Directors approved an increase in the number of shares to be repurchased under the share repurchase program by an additional 1,500,000 Vail Shares. As a result, 2,826,437 Vail Shares are 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.