Fair Value Measurements (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |
3 Months Ended | |||
|---|---|---|---|---|
Oct. 31, 2024 |
Oct. 31, 2023 |
Jul. 31, 2024 |
Jul. 31, 2023 |
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| Contingent Consideration | $ 86,000 | $ 59,300 | $ 104,200 | $ 73,300 |
| Payments for Rent | 20,279 | 17,057 | ||
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $ 2,079 | 3,057 | ||
| Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets, Impact of Adverse Change in Other Assumption, Description | A change in the discount rate of 100 basis points or a 5% change in estimated subsequent year performance of the resort would result in a change in the estimated fair value within the range of approximately $14.6 million to $20.0 million. | |||
| Contingent Consideration, Key Assumptions for Valuation | The Company estimated the fair value of the Contingent Consideration payments using an option pricing valuation model. The estimated fair value of Contingent Consideration includes future period resort operations of Park City in the calculation of EBITDA on which participating contingent payments are made, which is determined on the basis of estimated subsequent year performance, escalated by an assumed annual growth factor and discounted to present value. Other significant assumptions included a discount rate of 11.1%, and volatility of 14.5%, which together with future period Park City EBITDA, are all unobservable inputs and thus are considered Level 3 inputs. | |||
| Money Market | $ 81,465 | 101,903 | 896 | |
| Interest Rate Cash Flow Hedge Asset at Fair Value | 13,931 | 2,343 | ||
| Net loss attributable to Vail Resorts, Inc. | $ (172,836) | $ (175,512) | ||
| Weighted-average Vail Shares outstanding | 37,473 | 38,117 | ||
| Weighted Average Number of Shares Outstanding, Basic | 37,473 | 38,117 | ||
| Effect of dilutive securities | 0 | 0 | ||
| Total shares | 37,473 | 38,117 | ||
| Earnings Per Share, Basic | $ (4.61) | $ (4.60) | ||
| Earnings Per Share, Diluted | $ (4.61) | $ (4.60) | ||
| Canyons Obligation [Member] | ||||
| Business Combination, Contingent Consideration Arrangements, Description | The lease for Park City provides for participating contingent payments (the “Contingent Consideration”) to the landlord of 42% of the amount by which EBITDA for the Park City resort operations, as calculated under the lease, exceeds inflation linked threshold and an adjustment equal to 10% of any capital improvements or investments made under the lease by the Company. Contingent Consideration is classified as a liability, which is remeasured to fair value at each reporting date until the contingency is resolved. | |||
| Level 2 [Member] | ||||
| Interest Rate Cash Flow Hedge Asset at Fair Value | $ 13,931 | 2,343 | ||
| Fair Value, Inputs, Level 3 [Member] | ||||
| Contingent Consideration | $ 86,000 | 59,300 | 104,200 | |
| Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | ||||
| Commercial Paper | 81,465 | 101,903 | 896 | |
| Commercial Paper [Member] | ||||
| Commercial Paper | 2,401 | 2,401 | 2,401 | |
| Commercial Paper [Member] | Level 2 [Member] | ||||
| Commercial Paper | 2,401 | 2,401 | 2,401 | |
| Certificates of Deposit [Member] | ||||
| Commercial Paper | 95,544 | 138,614 | 101,989 | |
| Certificates of Deposit [Member] | Level 2 [Member] | ||||
| Commercial Paper | $ 95,544 | $ 138,614 | $ 101,989 | |
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- Definition The key inputs of the arrangement and market participant assumptions considered when developing the assumptions used to determine the fair value of the arrangement. No definition available.
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- Definition Weighted Average Number of Shares Outstanding, Common No definition available.
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- Definition Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition For contingent consideration arrangements recognized in connection with a business combination, this element represents a description of such arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liability recognized arising from contingent consideration in a business combination. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value as of the balance sheet date of all interest rate derivative assets designated as cash flow hedging instruments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Investment in short-term money-market instruments (such as commercial paper, banker's acceptances, repurchase agreements, government securities, certificates of deposit, and so forth) which are highly liquid (that is, readily convertible to known amounts of cash) and so near their maturity that they present an insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify as cash equivalents by definition. Original maturity means an original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cash payments to lessor's for use of assets under operating leases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of assumptions, classified as other, used in determining fair value of transferor's interests in transferred financial assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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