Presented below is basic and diluted EPS for the years ended July 31, 2022, 2021 and 2020 (in thousands, except per share amounts):


	Year Ended July 31,
	2022				2021				2020
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Net income per share:
Net income attributable to Vail Resorts	$	347,923	$	347,923	$	127,850	$	127,850	$	98,833	$	98,833
Weighted-average shares outstanding	40,433		40,433		40,266		40,266		40,227		40,227
Weighted-average Exchangeco shares outstanding	32		32		35		35		46		46
Total Weighted-average shares outstanding	40,465		40,465		40,301		40,301		40,273		40,273
Effect of dilutive securities	—		222		—		527		—		565
Total shares	40,465		40,687		40,301		40,828		40,273		40,838
Net income per share attributable to Vail Resorts, Inc.	$	8.60	$	8.55	$	3.17	$	3.13	$	2.45	$	2.42