| Summary Of Financial Information By Reportable Segment |
The following table presents financial information by reportable segment, which is used by management in evaluating performance and allocating resources (in thousands):
| | | | | | | | | | | | | | | | | | Three Months Ended January 31, | | Six Months Ended January 31, | | 2017 | | 2016 | | 2017 | | 2016 | Net revenue: | | | | | | | | Lift | $ | 358,251 |
| | $ | 287,685 |
| | $ | 379,677 |
| | $ | 307,838 |
| Ski school | 78,119 |
| | 62,040 |
| | 81,970 |
| | 65,424 |
| Dining | 54,366 |
| | 44,738 |
| | 67,734 |
| | 57,093 |
| Retail/rental | 123,233 |
| | 102,975 |
| | 159,712 |
| | 135,364 |
| Other | 40,130 |
| | 35,434 |
| | 75,773 |
| | 68,086 |
| Total Mountain net revenue | 654,099 |
| | 532,872 |
| | 764,866 |
| | 633,805 |
| Lodging | 65,884 |
| | 62,807 |
| | 133,286 |
| | 127,093 |
| Total Resort net revenue | 719,983 |
| | 595,679 |
| | 898,152 |
| | 760,898 |
| Real estate | 5,215 |
| | 3,684 |
| | 5,311 |
| | 13,032 |
| Total net revenue | $ | 725,198 |
| | $ | 599,363 |
| | $ | 903,463 |
| | $ | 773,930 |
| Operating expense: | | | | | | | | Mountain | $ | 355,239 |
| | $ | 296,256 |
| | $ | 523,492 |
| | $ | 447,414 |
| Lodging | 59,683 |
| | 57,311 |
| | 123,763 |
| | 118,748 |
| Total Resort operating expense | 414,922 |
| | 353,567 |
| | 647,255 |
| | 566,162 |
| Real estate | 5,841 |
| | 4,617 |
| | 7,326 |
| | 13,958 |
| Total segment operating expense | $ | 420,763 |
| | $ | 358,184 |
| | $ | 654,581 |
| | $ | 580,120 |
| | | | | | | | | Gain on sale of real property | $ | — |
| | $ | 632 |
| | $ | 6,466 |
| | $ | 1,791 |
| Mountain equity investment income (loss), net | $ | 157 |
| | $ | (61 | ) | | $ | 989 |
| | $ | 781 |
| Reported EBITDA: | | | | | | | | Mountain | $ | 299,017 |
| | $ | 236,555 |
| | $ | 242,363 |
| | $ | 187,172 |
| Lodging | 6,201 |
| | 5,496 |
| | 9,523 |
| | 8,345 |
| Resort | 305,218 |
| | 242,051 |
| | 251,886 |
| | 195,517 |
| Real estate | (626 | ) | | (301 | ) | | 4,451 |
| | 865 |
| Total Reported EBITDA | $ | 304,592 |
| | $ | 241,750 |
| | $ | 256,337 |
| | $ | 196,382 |
| | | | | | | | | Real estate held for sale and investment | $ | 112,633 |
| | $ | 117,999 |
| | $ | 112,633 |
| | $ | 117,999 |
| | | | | | | | | Reconciliation to net income attributable to Vail Resorts, Inc.: | | | | | | | | Total Reported EBITDA | $ | 304,592 |
| | $ | 241,750 |
| | $ | 256,337 |
| | $ | 196,382 |
| Depreciation and amortization | (49,626 | ) | | (40,541 | ) | | (90,207 | ) | | (79,241 | ) | Change in estimated fair value of contingent consideration | (300 | ) | | — |
| | (600 | ) | | — |
| Loss on disposal of fixed assets and other, net | (2,231 | ) | | (1,206 | ) | | (2,781 | ) | | (2,985 | ) | Investment income and other, net | 1,148 |
| | 161 |
| | 5,671 |
| | 359 |
| Interest expense and other, net | (9,048 | ) | | (10,910 | ) | | (21,012 | ) | | (21,505 | ) | Income before provision for income taxes | 244,535 |
| | 189,254 |
| | 147,408 |
| | 93,010 |
| Provision for income taxes | (84,807 | ) | | (72,383 | ) | | (51,298 | ) | | (35,809 | ) | Net income | 159,728 |
| | 116,871 |
| | 96,110 |
| | 57,201 |
| Net (income) loss attributable to noncontrolling interests | (10,549 | ) | | 111 |
| | (9,518 | ) | | 194 |
| Net income attributable to Vail Resorts, Inc. | $ | 149,179 |
| | $ | 116,982 |
| | $ | 86,592 |
| | $ | 57,395 |
|
|