Consolidated Condensed Statements Of Operations - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
Jan. 31, 2016 |
Jan. 31, 2015 |
Jan. 31, 2016 |
Jan. 31, 2015 |
| Net revenue: |
|
|
|
|
| Mountain |
$ 532,872
|
$ 463,031
|
$ 633,805
|
$ 523,417
|
| Lodging |
62,807
|
59,364
|
127,093
|
117,857
|
| Real Estate |
3,684
|
7,842
|
13,032
|
17,225
|
| Total net revenue |
599,363
|
530,237
|
773,930
|
658,499
|
| Segment operating expense (exclusive of depreciation and amortization shown separately below): |
|
|
|
|
| Mountain |
296,256
|
268,966
|
447,414
|
400,918
|
| Lodging |
57,311
|
53,927
|
118,748
|
111,681
|
| Real Estate |
4,617
|
9,871
|
13,958
|
21,485
|
| Total segment operating expense |
358,184
|
332,764
|
580,120
|
534,084
|
| Other operating expense: |
|
|
|
|
| Depreciation and amortization |
(40,541)
|
(37,376)
|
(79,241)
|
(73,345)
|
| Gain on sale of real property |
632
|
0
|
1,791
|
0
|
| Gain (Loss) Related to Litigation Settlement |
0
|
0
|
0
|
16,400
|
| Change in Fair Value of Contingent Consideration |
0
|
0
|
0
|
4,550
|
| Loss on disposal of fixed assets, net |
(1,206)
|
(26)
|
(2,985)
|
(781)
|
| Income (loss) from operations |
200,064
|
160,071
|
113,375
|
71,239
|
| Mountain equity investment income, net |
(61)
|
200
|
781
|
525
|
| Investment income, net |
161
|
62
|
359
|
36
|
| Interest expense, net |
(10,910)
|
(13,807)
|
(21,505)
|
(27,375)
|
| Income (loss) before (provision) benefit from income taxes |
189,254
|
146,526
|
93,010
|
44,425
|
| (Provision) benefit from income taxes |
(72,383)
|
(30,826)
|
(35,809)
|
6,951
|
| Net income (loss) |
116,871
|
115,700
|
57,201
|
51,376
|
| Net loss (income) attributable to noncontrolling interests |
111
|
62
|
194
|
110
|
| Net income (loss) attributable to Vail Resorts, Inc. |
$ 116,982
|
$ 115,762
|
$ 57,395
|
$ 51,486
|
| Per share amounts (Note 3): |
|
|
|
|
| Basic net income (loss) per share attributable to Vail Resorts, Inc. |
$ 3.23
|
$ 3.19
|
$ 1.58
|
$ 1.42
|
| Diluted net income (loss) per share attributable to Vail Resorts, Inc. |
3.14
|
3.10
|
1.54
|
1.38
|
| Cash dividends declared per share |
$ 0.6225
|
$ 0.4150
|
$ 1.2450
|
$ 0.8300
|