Presented below is basic and diluted EPS for the three months ended October 31, 2023 and 2022 (in thousands, except per share amounts):



	Three Months Ended October 31,
	2023				2022
	Basic		Diluted		Basic		Diluted
Net loss per share:
Net loss attributable to Vail Resorts	$	(175,512)	$	(175,512)	$	(136,971)	$	(136,971)
Weighted-average Vail Shares outstanding	38,117		38,117		40,296		40,296
Weighted-average Exchangeco Shares outstanding	—		—		2		2
Total Weighted-average shares outstanding	38,117		38,117		40,298		40,298
Effect of dilutive securities	—		—		—		—
Total shares	38,117		38,117		40,298		40,298
Net loss per share attributable to Vail Resorts	$	(4.60)	$	(4.60)	$	(3.40)	$	(3.40)

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 0.3 million and 0.2 million for the three months ended October 31, 2023 and 2022, respectively.