Peak Resorts (SKIS) 10-Q 6 Jan 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Oct. 31, 2014	Jan. 05, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Oct-14
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Entity Registrant Name	Peak Resorts Inc
Entity Central Index Key	1517401
Current Fiscal Year End Date	-26
Entity Filer Category	Non-accelerated Filer
Trading Symbol	skis
Entity Common Stock, Shares Outstanding		13,982,400

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Apr. 30, 2014
In Thousands, unless otherwise specified
Current assets
Cash and cash equivalents	$6,109	$13,186
Restricted cash balances	15,954	13,063
Deferred income tax	875	875
Income tax receivable	9,528
Accounts receivable	220	396
Inventory	2,765	1,541
Prepaid expenses and deposits	2,167	1,433
Assets, current, total	37,618	30,494
Property and equipment	138,403	136,696
Land held for development	36,932	36,877
Other assets	3,502	3,224
Total assets	216,455	207,291
Current liabilities
Accounts payable and accrued expenses	7,871	5,050
Accrued salaries, wages and related taxes and benefits	945	886
Unearned revenue	14,556	7,458
EB-5 investor funds in escrow	12,801
Current portion of deferred gain on sale/leaseback	333	333
Current portion of long-term debt and capitalized lease	1,325	1,059
Liabilities, current, total	37,831	14,786
Long-term debt	174,403	174,652
Capitalized lease obligation	1,646	191
Deferred gain on sale/leaseback	3,678	3,844
Deferred income tax	9,682	9,682
Other liabilities	630	648
Stockholders' equity
Common stock, $.01 par value, 20,000,000 shares authorized, 3,982,400 shares issued	40	40
Additional paid-in capital	385	385
Retained earnings (deficit)	-11,840	3,063
Total stockholders' equity	-11,415	3,488
Total liabilities and stockholders' equity	$216,455	$207,291

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Oct. 31, 2014	Apr. 30, 2014
Statement of Financial Position [Abstract]
Common stock, par or stated value per share	$0.01	$0.01
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares, issued	3,982,400	3,982,400

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Loss (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Revenues:
Resort revenues	$6,230	$6,187	$11,826	$11,207
Costs and Expenses:
Resort operating expenses	11,151	10,839	21,597	20,577
Depreciation and amortization	2,308	2,287	4,614	4,574
General and administrative expenses	947	820	2,033	1,655
Land and building rent	357	349	714	696
Real estate and other taxes	454	460	931	948
Costs and expenses, total	15,217	14,755	29,889	28,450
Other Operating Income-gain on settlement of lawsuit	2,100		2,100
Loss from Operations	-6,887	-8,568	-15,963	-17,243
Other Income (expense):
Interest, net of interest capitalized of $157 and $286 in 2014 and $76 and $126 in 2013	4,298	4,262	8,640	8,536
Gain on sale/leaseback	83	83	166	166
Investment income	3	2	6	6
Nonoperating income (expense), total	-4,212	-4,177	-8,468	-8,364
Loss before income tax (benefit)	-11,099	-12,745	-24,431	-25,607
Income tax benefit	-4,356	-5,005	-9,528	-9,986
Net loss	($6,743)	($7,740)	($14,903)	($15,621)
Basic and diluted loss per share	($1.69)	($1.94)	($3.74)	($3.92)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Loss (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Statement of Financial Position [Abstract]
Interest capitalized	$157	$76	$286	$126

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Stockholders' Equity (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
In Thousands, except Share data
Beginning balance at Apr. 30, 2014	$40	$385	$3,063	$3,488
Beginning balance, shares at Apr. 30, 2014	3,982,400
Net income (loss)			-14,903	-14,903
Ending balance at Oct. 31, 2014	$40	$385	($11,840)	($11,415)
Ending balance, shares at Oct. 31, 2014	3,982,400

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013
Cash Flows from Operating Activities
Net loss	($14,903)	($15,621)
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization of property and equipment	4,587	4,540
Amortization and writeoff of deferred financing costs	27	34
Amortization of other liabilities	-18	-18
Gain on sale/leaseback	-166	-166
Changes in operating assets and liabilities, net of effect of acquisitions:
Income tax receivable	-9,528	-9,986
Accounts receivable	176	48
Inventory	-1,224	-1,046
Prepaid expenses and deposits	-734	-333
Other assets	-303	-6
Accounts payable and accrued expenses	2,821	882
Accrued salaries, wages and related taxes and benefits	59	28
Unearned revenue	7,098	8,874
Net cash used in operating activities	-12,108	-12,770
Cash flows from investing activities
Additions to property and equipment	-4,442	-1,392
Additions to land held for development	-55	-1,203
Change in restricted cash	-2,891	9,137
Net cash (used in) provided by investing activities	-7,388	6,542
Cash flows from financing activities
Payments on long-term debt and capitalized lease obligation	-382	-206
Additions to EB-5 investor funds held in escrow	12,801
Distributions to stockholders		-40
Net cash provided by (used in) financing activities	12,419	-246
Net Decrease in Cash and Cash Equivalents	-7,077	-6,474
Cash and Cash Equivalents, May 1	13,186	11,971
Cash and Cash Equivalents, October 31	6,109	5,497
Supplemental Schedule of Cash Flow Information
Cash paid for interest, including $286 and $126 capitalized in 2014 and 2013, respectively	8,923	8,662
Supplemental Disclosure of Noncash Investing and Financing Activites
Capital lease agreements to acquire equipment	1,853	373
Acquisition of equipment with long-term borrowings		1,266
Alpine Valley improvements financed with log-term borrowings		1,453
Land held for development financed with long-term borrowings		$1,000

Condensed_Consolidated_Stateme4

Condensed Consolidated Statements of Cash Flows (Parenthetical) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Statement of Cash Flows [Abstract]
Interest capitalized	$157	$76	$286	$126

Nature_of_Business

Nature of Business	6 Months Ended
	Oct. 31, 2014
Nature of Business [Abstract]
Nature of Business	Note 1. Nature of Business
	Description of business:  Peak Resorts, Inc. (the “Company”) and its subsidiaries operate in a single business segment—ski resort operations. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; and West Dover, Vermont and an eighteen‑hole golf course in West Dover, Vermont. The Company also manages hotels in Bartlett, New Hampshire and West Dover, Vermont and operates a restaurant in Lake Harmony, Pennsylvania.
	In the opinion of management, the accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with Rule 10‑01 of Regulation S‑X and include all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation of the interim periods presented.
	Results for interim periods are not indicative of the results expected for a full fiscal year due to the seasonal nature of the Company’s business. Due to the seasonality of the ski industry, the Company typically incurs significant operating losses during its first and second fiscal quarters. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the April 30, 2014 audited consolidated financial statements, including notes thereto, as included in the Company’s final prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, dated November 20, 2014.

New_Accounting_Standards

New Accounting Standards	6 Months Ended
	Oct. 31, 2014
New Accounting Standards [Abstract]
New Accounting Standards	Note 2. New Accounting Standards
	Recent accounting pronouncements:  In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013‑11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013‑11, requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and not combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), the Company is permitted to adopt the standard for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption and retrospective application is permitted. The Company is currently evaluating the impact of the adoption of ASU 2013‑11 on the consolidated financial statements.
	In May 2014, the FASB issued ASU 2014‑09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance under U.S. generally accepted accounting principles when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. Early adoption is not permitted. The updated standard becomes effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Pursuant to the JOBS Act, the Company is permitted to adopt the standard for annual reporting periods beginning after December 15, 2017 and interim periods within annual periods beginning after December 15, 2018. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.

Income_Taxes

Income Taxes	6 Months Ended
	Oct. 31, 2014
Income Taxes [Abstract]
Income Taxes	Note 3. Income Taxes
	Deferred income tax assets and liabilities are measured at enacted tax rates in the respective jurisdictions where the Company operates. In assessing the ability to realize deferred tax assets, the Company considers whether it is more likely than not that some portion or all deferred tax assets will not be realized and a valuation allowance would be provided if necessary. The FASB Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes,” also provides guidance with respect to the accounting for uncertainty in income taxes recognized in a Company’s consolidated financial statements, and it prescribes a recognition threshold and measurement attribute criteria for the consolidated financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The Company does not have any material uncertain tax positions, and therefore, the adoption did not have a material impact on the Company’s financial position or results of operations.
	The income tax receivable is a result of the expected tax rate for the fiscal year ending April 30, 2015 applied to the loss before income tax for the quarters ended July 31 and October 31, 2014. Due to the seasonality of the ski industry, the Company typically incurs significant operating losses during its first and second fiscal quarters.

Longterm_Debt

Long-term Debt	6 Months Ended
	Oct. 31, 2014
Long-term Debt [Abstract]
Long-term Debt	Note 4. Long‑term Debt
	Long‑term debt at October 31, 2014, April 30, 2014 and pro forma consisted of borrowings pursuant to the loans and other credit facilities discussed below, as follows (dollars in thousands):
		October 31, 2014		April 30, 2014				Pro Forma after debt restructure
	Attitash/Mount Snow Debt; payable in monthly interest only payments at an increasing interest rate (10.93% at October 31, 2014 and April 30, 2014); remaining principal and interest due on April 3, 2027	$	63,500	$	63,500		$	51,050
	Mount Snow Development Debt; payable in monthly interest‑only payments at 10.00%; remaining principal and interest due April 1, 2016		42,907		42,907			-
	Credit Facility Debt; payable in monthly interest only payments at an increasing interest rate (9.98% at October 31, 2014 and April 30, 2014); remaining principal and interest due on October 29, 2027		47,029		47,029			37,562
	Crotched Mountain Debt; payable in monthly interest only payments at an increasing interest rate (10.27% at October 31, 2014 and April 30, 2014); remaining principal and interest due on March 10, 2027		10,972		10,972			-
	Sycamore Lake (Alpine Valley) Debt; payable in monthly interest only payments at an increasing interest rate (10.20% at October 31, 2014 and April 30, 2014); remaining principal and interest due on December 19, 2032		4,550		4,550			4,550
	Wildcat Mountain Debt; payable in monthly installments of $27,300, including interest at a rate of 4.00%, with remaining principal and interest due on December 22, 2020		3,877		3,962			3,877
	Other debt		2,125		2,311			2,125
			174,960		175,231			99,164
	Less: current maturities		557		579			557
		$	174,403	$	174,652		$	98,607
	See Note 8, “Subsequent Events” for a discussion of the restructure of a portion of the Company’s long-term debt.
	The Attitash/Mount Snow Debt due April 3, 2027 in the foregoing table represents amounts borrowed by the Company as follows:
	•$15.7 million borrowed pursuant to a Loan Agreement entered into by and between the Company, as borrower, and EPT Mount Attitash, Inc., as lender, dated as of April 4, 2007, as evidenced by a promissory note in the amount of $15.7 million dated as of April 4, 2007 and modified on October 30, 2007 (collectively, the “Attitash Loan Documents”); and
	•$59.0 million borrowed pursuant to a Loan Agreement entered into by and between the Company, as borrower, and EPT Mount Snow, Inc., as lender, dated as of April 4, 2007, as modified by the First Modification Agreement by and between such parties, dated as of June 30, 2009 (the “Mount Snow First Modification Agreement”), as evidenced by an amended and restated promissory note in the amount of $59.0 million, dated as of June 30, 2009 (collectively, the “Mount Snow Loan Documents”).
	The Company entered into the Attitash Loan Documents and Mount Snow Loan Documents in connection with the 2007 acquisitions of Attitash and Mount Snow. In addition to the funds borrowed on the date of the acquisitions, the Attitash Loan Documents and the Mount Snow Loan Documents provided for $25.0 million of additional borrowing capacity as of the date of the acquisitions to be drawn to fund improvements and capital expenditures at Attitash and Mount Snow, subject to the approval of the lender. At October 31, 2014, $10.0 million remained available to fund approved capital expenditures and improvements in future years.
	The $59.0 million borrowed pursuant to the Mount Snow Loan Documents includes $1.2 million of additional funds available under the Mount Snow First Modification Agreement to be used for purposes stipulated by such agreement or other purposes as approved by the lender. No borrowings have been made under this arrangement.
	Commencing April 1, 2008 and each April 1 thereafter, the interest rates relating to the debt outstanding under the Attitash Loan Documents and Mount Snow Loan Documents will increase from the prior interest rate measurement date by the lesser of three times the percentage increase in the Consumer Price Index (“CPI”) or a factor of 1.015 (the “Capped CPI Index”) unless specified debt service coverage ratios are maintained for a period of two consecutive years. If the target debt service coverage ratios are attained and maintained, the interest rate will be 100 basis points lower than it otherwise would have been. For the six months ended October 31, 2014 and the year ended April 30, 2014, the Company has not maintained the specified debt service coverage ratios, and therefore, the interest rates have increased. The target debt service coverage ratio for the six months ended October 31, 2014 and the fiscal year ended April 30, 2014 is 2.0 to 1.0 under both the Mount Snow Loan Documents and the Attitash Loan Documents.
	The table below illustrates the range of potential interest rates  for each of the next five years assuming rates are to increase by the Capped CPI Index annually:
	Attitash/Mount Snow Debt
			Specific Debt Service
			Coverage
	Rate Effective at April 1:		Attained	Not Attained
	2014		9.93%	10.93%
	2015		10.09%	11.09%
	2016		10.24%	11.26%
	2017		10.39%	11.43%
	2018		10.54%	11.60%
	The Capped CPI Index is an embedded derivative, but the Company has concluded that the derivative does not require bifurcation and separate presentation at fair value because the Capped CPI Index was determined to be clearly and closely related to the debt instrument.
	The Attitash Loan Documents and the Mount Snow Loan Documents provide for additional interest payments under certain circumstances. Specifically, if the gross receipts of the respective property during any fiscal year exceed an amount determined by dividing the amount of interest otherwise due during that period by 12%, an additional interest payment equal to 12% of such excess is required. Similar to the minimum required interest payments as described above, the parties have agreed that if specific target debt service coverage ratios are achieved for two consecutive years and are maintained, the interest rate used in determining both the amount of the excess gross receipts and the rate applied thereto would be reduced to 11%.  No additional interest payments were due for the six months ended October 31, 2014 and the year ended April 30, 2014.
	The Mount Snow Development Debt due April 1, 2016 represents obligations incurred to provide financing for the acquisition of land at Mount Snow that is in development stages. On April 4, 2007, the Company and Mount Snow, Ltd., as borrowers, entered into a promissory note in favor of EPT Mount Snow, Inc., as lender, in the amount of $25.0 million, which was later modified by (i) the Modification Agreement dated as of April 1, 2010 to increase the amount of funds available to $41.0 million, (ii) the Second Modification Agreement dated as of July 13, 2012 to change the maturity date to April 1, 2013, and (iii) the Third Modification Agreement dated as of April 1, 2013 to change the maturity date to April 1, 2016 and to acknowledge the outstanding principal and interest owing under the promissory note as of April 1, 2013 (approximately $42.9 million) (collectively, the “Mount Snow Development Loan Documents”). The outstanding balance under the Mount Snow Development Loan Documents accrues interest at a rate of 10.00% annually. Principal payments are required to be made from all proceeds from any sale of development land at Mount Snow with any remaining principal due at maturity.
	The Credit Facility Debt due October 29, 2027 represents amounts due pursuant to the Amended and Restated Credit and Security Agreement, dated as of October 30, 2007, among the Company and certain of its affiliates, as borrowers, and EPT Ski Properties, Inc., as lender (the “Credit Facility Agreement”), as modified by the terms of the Loan Agreement among the parties dated July 13, 2012. In connection with entry into the Credit Facility Agreement, the borrowers executed an amended and restated promissory note, dated as of October 30, 2007, in the amount of $31.0 million, which was later modified by (i) a second amended and restated promissory note, dated as of August 5, 2008, which increased the amount of funds available to $41.0 million, (ii) a third amended and restated promissory note, dated as of December 15, 2011, which increased the amount available to $50.0 million, (iii) a fourth amended and restated promissory note, dated as of May 14, 2012, which increased the amount available to approximately $53.0 million, and (v) a fifth amended and restated promissory note, dated as of July 13, 2012, which increased the amount available to approximately $56.0 million (collectively with the Credit Facility Agreement, the “Credit Facility Documents”). At October 31, 2014, approximately $9.0 million remained available under the Credit Facility Documents for approved capital expenditures. The interest rate for borrowings under the Credit Facility Documents increases each October 1 during the term of the Credit Facility Documents, such increase to be the lesser of two times the increase in the CPI or Capped CPI Index.
	On each of October 30, 2007 and November 19, 2012, the Company entered into Option Agreements with EPT Ski Properties, Inc., a subsidiary of its lender, Entertainment Properties Trust, Inc., pursuant to which EPT Ski Properties, Inc. has the option to (i) purchase Hidden Valley, Snow Creek, Brandywine, Boston Mills, Alpine Valley and the portion of Paoli Peaks that the Company owns, at the prices set forth in the Option Agreements, and (ii) assume the Company’s lease relating to the portion of Paoli Peaks that the Company leases. According to the terms of the Option Agreements, EPT Ski Properties, Inc. may exercise its option relating to one or more properties on or after April 11, 2011 until the Company satisfies its obligations under the Credit Facility Documents. If EPT Ski Properties, Inc. exercises its option with respect to any of the properties, it is required under the Option Agreements to immediately lease or sublease such properties back to the Company on substantially the same terms as the existing financing or lease arrangements relating to the properties.
	Over the years, the Company has depreciated the book value of these properties pursuant to applicable accounting rules, and as such, it has a low basis in the properties. As a result, the Company will realize significant gains on the sale of the properties to EPT Ski Properties, Inc. if the option is exercised. The Company will be required to pay capital gains tax on the difference between the purchase price of the properties and the tax basis in the properties, which is expected to be a substantial cost. To date, EPT Ski Properties, Inc. has not exercised the option.
	The Crotched Mountain Debt due March 10, 2027 noted in the table above represents amounts due to EPT Crotched Mountain, Inc. pursuant to a promissory note made by SNH Development, Inc., the Company’s wholly‑owned subsidiary. The promissory note, dated as of  March 10, 2006 (the “Crotched Mountain Note”), was made in the principal amount of $8.0 million, the proceeds of which were used to pay off all outstanding debt secured by the Crotched Mountain ski resort and for general working capital purposes. The Crotched Mountain Note was amended on July 13, 2012 to increase the funds available to approximately $11.0 million. The interest rate applicable to the outstanding debt under the Crotched Mountain Note increases each April 1 during the term of the Crotched Mountain Note, such increase to be the lesser of the rate of interest in the previous year multiplied by the Capped CPI Index or the sum of the rate of interest in the previous year plus the product of (x) the rate of interest in the previous year and (y) the percentage increase in the CPI from the CPI in effect on April 1 of the current year over the CPI in effect on the April 1 of the immediately preceding year.
	The Sycamore Lake (Alpine Valley) Debt due December 19, 2032 represents amounts due to EPT Ski Properties, Inc. pursuant to the Loan Agreement between Sycamore Lake, Inc. and EPT Ski Properties, Inc., dated as of November 19, 2012, as modified by the First Amendment to Loan Agreement dated July 26, 2013. On November 19, 2012, Sycamore Lake entered into a promissory note in favor of EPT Ski Properties, Inc. (the “Sycamore Lake (Alpine Valley) Note”) in the principal amount of approximately $5.1 million, the proceeds of which were used to acquire the outstanding stock of Sycamore Lake, Inc. and to finance the expansion of the Alpine Valley ski resort. The interest rate applicable to the outstanding debt under the Sycamore Lake (Alpine Valley) Note increases each December 19 during the term of the Sycamore Lake (Alpine Valley) Note, such increase to be the lesser of three times the percentage increase in the CPI from the previous December 19 or 2.0%.
	The debt agreements discussed above contain various restrictions, including distributions. The Company may declare and pay cash dividends to its shareholders as long as no Potential Default or Event of Default, as defined in the Security Agreement, exists prior to or as a result from paying a dividend.
	The table below illustrates the potential interest rates applicable to the Company’s fluctuating interest rate debt for each of the next five years, assuming rates increase by the Capped CPI Index:
			Credit	Crotched		Sycamore Lake
	Rate effective April 1:		Facility Debt	Mountain Debt		(Alpine Valley)
	2014		9.98%	10.27%		10.20%
	2015		10.13%	10.42%		10.40%
	2016		10.28%	10.58%		10.61%
	2017		10.43%	10.74%		10.82%
	2018		10.59%	10.90%		11.04%
	The Wildcat Mountain Debt due December 22, 2020 represents amounts owed pursuant to a promissory note in the principal amount of $4.5 million made by WC Acquisition Corp. in favor of Wildcat Mountain Ski Area, Inc., Meadow Green‑Wildcat Skilift Corp. and Meadow Green‑Wildcat Corp. (the “Wildcat Note”). The Wildcat Note, dated November 22, 2010, was made in connection with the acquisition of Wildcat Mountain, which was effective as of October 20, 2010. The interest rate as set forth in the Wildcat Note is fixed at 4.00%.
	Substantially all of the Company’s assets serve as collateral for the Company’s long‑term debt.
	Future aggregate annual principal payments under all indebtedness are as follows (in thousands):
			31-Oct-14		Pro Forma (Note 8)
	2015	$	557	$	557
	2016		43,469		562
	2017		816		816
	2018		546		546
	2019		599		599
	Thereafter		128,973		96,084
		$	174,960	$	99,164

Financial_Instruments_and_Conc

Financial Instruments and Concentrations of Credit Risk	6 Months Ended
	Oct. 31, 2014
Financial Instruments and Concentrations of Credit Risk
Financial Instruments and Concentrations of Credit Risk	Note 5. Financial Instruments and Concentrations of Credit Risk
	The following methods and assumptions were used to estimate the fair value of each class of financial instruments to which the Company is a party:
	Cash and cash equivalents, restricted cash:  Due to the highly liquid nature of the Company’s short‑term investments, the carrying values of cash and cash equivalents and restricted cash approximate their fair values.
	Accounts receivable:  The carrying value of accounts receivable approximate their fair value because of their short‑term nature.
	Accounts payable and accrued expenses:  The carrying value of accounts payable and accrued liabilities approximates fair value due to the short‑ term maturities of these amounts.
	Long‑term debt:  The fair value of the Company’s long‑term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities. The interest rates on the Company’s long‑term debt instruments are consistent with those currently available to the Company for borrowings with similar maturities and terms and, accordingly, their fair values are consistent with their carrying values.
	Concentrations of credit risk:  The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company’s cash and cash equivalents and restricted cash are on deposit with financial institutions where such balances will, at times, be in excess of federally insured limits. Excess cash balances are collateralized by the backing of government securities. The Company has not experienced any loss as a result of those deposits.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 6. Commitments and Contingencies
	Restricted cash:  The provisions of certain of the Company’s debt instruments generally require that the Company make and maintain a deposit, to be held in escrow for the benefit of the lender, in an amount equal to the estimated minimum interest payment for the upcoming fiscal year.
	Loss contingencies:  The Company is periodically involved in various claims and legal proceedings, many of which occur in the normal course of business. Management routinely assesses the likelihood of adverse judgments or outcomes, including consideration of its insurable coverage and discloses or records estimated losses in accordance with ASC 450, “Contingencies”. After consultation with legal counsel, the Company does not anticipate that liabilities arising out of these claims would, if plaintiffs are successful, have a material adverse effect on its business, operating results or financial condition.
	Leases:  The Company leases certain land, land improvements, buildings and equipment under non‑cancelable operating leases. Certain of the leases contain escalation provisions based generally on changes in the CPI with maximum annual percentage increases capped at 1.5% to 4.5%. Additionally, certain leases contain contingent rental provisions which are based on revenue. The amount of contingent rentals was insignificant in all periods presented. Total rent expense under such operating leases was $512,000 and $1,003,700 for the three and six months ended October 31, 2014, resprctively and $532,400 and $1,006,700 for the three and six months ended October 31, 2013, respectively. The Company also leases certain equipment under capital leases.
	Future minimum rentals under all non‑cancelable leases with remaining lease terms of one year or more for years subsequent to October 31, 2014 are as follows (in thousands):
		Capital		Operating
		Leases		Leases
	2015	$	957	$	1,687
	2016		614		1,609
	2017		464		1,562
	2018		445		1,562
	2019		402		1,561
	Thereafter		—		11,445
			2,882	$	19,426
	Less: amount representing interest		468
			2,414
	Less: current portion		768
	Long-term portion	$	1,646

Loss_Per_Share

Loss Per Share	6 Months Ended
	Oct. 31, 2014
Loss Per Share [Abstract]
Loss Per Share	Note 7. Loss Per share
	The computation of basic and diluted loss per share for the three and six month periods ended October 31, 2014 and 2013 is as follows (in thousands except share and per share data):
			Three Months ended				Six Months ended
		October 31, 2014		31-Oct-13		October 31, 2014		31-Oct-13
	Net loss	$	-6,743	$	-7,740	$	-14,903	$	-15,621
	Weighted number of shares:
	Common shares outstanding for basic and diluted loss per share		3,982,400		3,982,400		3,982,400		3,982,400
	Basic and diluted loss per share	$	-1.69	$	-1.94	$	-3.74	$	-3.92

Subsequent_Events

Subsequent Events	6 Months Ended
	Oct. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 8. Subsequent Events
	On November 4, 2014,  the Company’s board of directors adopted the Peak Resorts, Inc. 2014 Equity Incentive Plan (the ‘‘Incentive Plan’’), and on November 5, 2014, the Company’s stockholders approved the Incentive Plan. The Incentive Plan became effective concurrently with the completion of the Company’s initial public offering. The stockholders approved a maximum of 559,296 shares to be available for issuance under the Incentive Plan. The Incentive Plan authorizes the Company to grant Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Stock Bonuses, Other Stock Based Awards, Cash Awards, or any combination thereof, as defined in and allowed by the Incentive Plan.
	On November 8, 2014, the Company’s board of directors approved a 100 for 1 common stock split which was effected immediately prior to the consummation of the initial public offering. All references to shares in the financial statements and the accompanying notes, including, but not limited to, the number of shares and per share amounts, unless otherwise noted, have been adjusted to reflect the stock split retroactively.
	On November 10, 2014, in connection with the Company’s initial public offering, the Company entered into a Restructure Agreement (the “Restructure Agreement”) with EPR Properties (“EPR”), its primary lender, providing for the (i) prepayment of approximately $75.8 million of formerly non-prepayable debt secured by the Crotched Mountain, Attitash, Paoli Peaks, Hidden Valley and Snow Creek resorts and (ii) retirement of one of the notes associated with the future development of Mount Snow (the “Debt Restructure”). On December 1, 2014, the Company entered into various agreements in order to effectuate the Debt Restructure, as more fully described in the Company’s Current Report on Form 8-K filed with the SEC on December 5, 2014.  Pursuant to the Debt Restructure, the Company paid a defeasance fee of $5.0 million to EPR in addition to the consideration described below.
	In exchange for the prepayment right, the Company granted EPR a purchase option on the Boston Mills, Brandywine, Jack Frost, Big Boulder and Alpine Valley properties, subject to certain conditions.  If EPR exercises a purchase option, EPR will enter into an agreement with the Company for the lease of each such acquired property for an initial term of 20 years, plus options to extend the lease for two additional periods of ten years each. All previously existing option agreements between the Company and EPR were terminated.
	Additionally, the Company agreed to extend the maturity dates on all non-prepayable notes and mortgages secured by the Mount Snow, Boston Mills, Brandywine, Jack Frost, Big Boulder and Alpine Valley properties remaining after the Debt Restructure by seven years to December 1, 2034, and to extend the lease for the Mad River property, previously terminating in 2026, until December 31, 2034.
	The Company also granted EPR a right of first refusal to provide all or a portion of the financing associated with any purchase, ground lease, sale/leaseback, management or financing transaction contemplated by the Company with respect to any new or existing ski resort property for a period of seven years or until financing provided by EPR for such transactions equals or exceeds $250 million in the aggregate. Proposed financings from certain types of institutional lenders providing a loan to value ratio of less than 60% (as relates to the applicable property being financed) are excluded from the right of first refusal. The Company granted EPR a separate right of first refusal in the event that the Company wishes to sell, transfer, convey or otherwise dispose of any or all of the Attitash ski resort for seven years.  The Attitash right excludes the financing or mortgaging of Attitash.
	In connection with the Debt Restructure, the Company entered into a Master Credit and Security Agreement with EPR containing additional terms and conditions governing our restructure debt with EPR, including restrictions on certain transactions and the payment of dividends and required financial covenants.
	The initial public offering of the Company’s common stock was effective on November 20, 2014. In connection with the offering, the Company sold 10,000,000 shares of its common stock at $9.00 per share. The net proceeds of the offering are as follows (dollars in thousands):
	Gross offering proceeds	$	90,000
	Underwriters discount and commission		-6,300
	Costs of the offering		-1,428
	Net proceeds	$	82,272
	On December 8, 2014, the Company declared a cash dividend of 10.91 cents per share of common stock. The dividend is payable on February 20, 2015, to stockholders of record on January 2, 2015. The declared amount was calculated based on an initial quarterly rate of 13.75 cents per share, prorated for a 73-day period from the November 20, 2014, effective date of the company’s initial public offering through January 31, 2015, the end of the company’s third fiscal quarter. The current indicated annual dividend would be 55 cents per share.

Basis_of_Presentation_Policy

Basis of Presentation (Policy)	6 Months Ended
	Oct. 31, 2014
Nature of Business [Abstract]
Description of Business	Description of business:  Peak Resorts, Inc. (the “Company”) and its subsidiaries operate in a single business segment—ski resort operations. The Company’s ski resort operations consist of snow skiing, snowboarding and snow sports areas in Wildwood and Weston, Missouri; Bellefontaine and Cleveland, Ohio; Paoli, Indiana; Blakeslee and Lake Harmony, Pennsylvania; Bartlett, Bennington and Pinkham Notch, New Hampshire; and West Dover, Vermont and an eighteen‑hole golf course in West Dover, Vermont. The Company also manages hotels in Bartlett, New Hampshire and West Dover, Vermont and operates a restaurant in Lake Harmony, Pennsylvania.
	In the opinion of management, the accompanying financial statements have been prepared in accordance with United States generally accepted accounting principles for interim financial information and with Rule 10‑01 of Regulation S‑X and include all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation of the interim periods presented.
	Results for interim periods are not indicative of the results expected for a full fiscal year due to the seasonal nature of the Company’s business. Due to the seasonality of the ski industry, the Company typically incurs significant operating losses during its first and second fiscal quarters. The accompanying unaudited consolidated interim financial statements should be read in conjunction with the April 30, 2014 audited consolidated financial statements, including notes thereto, as included in the Company’s final prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended, dated November 20, 2014.

New_Accounting_Standards_Polic

New Accounting Standards (Policy)	6 Months Ended
	Oct. 31, 2014
New Accounting Standards [Abstract]
Recent accounting pronouncements	Recent accounting pronouncements:  In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013‑11, “Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013‑11, requires an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date, the unrecognized tax benefit should be presented in the financial statements as a liability and not combined with deferred tax assets. ASU 2013-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. Pursuant to the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), the Company is permitted to adopt the standard for fiscal years, and interim periods within those years, beginning after December 15, 2014. Early adoption and retrospective application is permitted. The Company is currently evaluating the impact of the adoption of ASU 2013‑11 on the consolidated financial statements.
	In May 2014, the FASB issued ASU 2014‑09, “Revenue from Contracts with Customers (Topic 606)” (“ASU 2014-09”), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance under U.S. generally accepted accounting principles when it becomes effective and permits the use of either a full retrospective or retrospective with cumulative effect transition method. Early adoption is not permitted. The updated standard becomes effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Pursuant to the JOBS Act, the Company is permitted to adopt the standard for annual reporting periods beginning after December 15, 2017 and interim periods within annual periods beginning after December 15, 2018. The Company has not yet selected a transition method and is currently evaluating the effect that the updated standard will have on the consolidated financial statements.

Financial_Instruments_and_Conc1

Financial Instruments and Concentrations of Credit Risk (Policy)	6 Months Ended
	Oct. 31, 2014
Financial Instruments and Concentrations of Credit Risk
Cash and cash equivalents, restricted cash	Cash and cash equivalents, restricted cash:  Due to the highly liquid nature of the Company’s short‑term investments, the carrying values of cash and cash equivalents and restricted cash approximate their fair values.
Accounts receivable	Accounts receivable:  The carrying value of accounts receivable approximate their fair value because of their short‑term nature.
Accounts payable and accrued expenses	Accounts payable and accrued expenses:  The carrying value of accounts payable and accrued liabilities approximates fair value due to the short‑ term maturities of these amounts.
Long-term debt	Long‑term debt:  The fair value of the Company’s long‑term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities. The interest rates on the Company’s long‑term debt instruments are consistent with those currently available to the Company for borrowings with similar maturities and terms and, accordingly, their fair values are consistent with their carrying values.
Concentrations of credit risk	Concentrations of credit risk:  The Company’s financial instruments that are exposed to concentrations of credit risk consist primarily of cash and cash equivalents and restricted cash. The Company’s cash and cash equivalents and restricted cash are on deposit with financial institutions where such balances will, at times, be in excess of federally insured limits. Excess cash balances are collateralized by the backing of government securities. The Company has not experienced any loss as a result of those deposits.

Commitments_and_Contingencies_

Commitments and Contingencies (Policy)	6 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]
Restricted cash	Restricted cash:  The provisions of certain of the Company’s debt instruments generally require that the Company make and maintain a deposit, to be held in escrow for the benefit of the lender, in an amount equal to the estimated minimum interest payment for the upcoming fiscal year.
Loss contingencies	Loss contingencies:  The Company is periodically involved in various claims and legal proceedings, many of which occur in the normal course of business. Management routinely assesses the likelihood of adverse judgments or outcomes, including consideration of its insurable coverage and discloses or records estimated losses in accordance with ASC 450, “Contingencies”. After consultation with legal counsel, the Company does not anticipate that liabilities arising out of these claims would, if plaintiffs are successful, have a material adverse effect on its business, operating results or financial condition.
Leases	Leases:  The Company leases certain land, land improvements, buildings and equipment under non‑cancelable operating leases. Certain of the leases contain escalation provisions based generally on changes in the CPI with maximum annual percentage increases capped at 1.5% to 4.5%. Additionally, certain leases contain contingent rental provisions which are based on revenue. The amount of contingent rentals was insignificant in all periods presented. Total rent expense under such operating leases was $512,000 and $1,003,700 for the three and six months ended October 31, 2014, resprctively and $532,400 and $1,006,700 for the three and six months ended October 31, 2013, respectively. The Company also leases certain equipment under capital leases.
	Future minimum rentals under all non‑cancelable leases with remaining lease terms of one year or more for years subsequent to October 31, 2014 are as follows (in thousands):
		Capital		Operating
		Leases		Leases
	2015	$	957	$	1,687
	2016		614		1,609
	2017		464		1,562
	2018		445		1,562
	2019		402		1,561
	Thereafter		—		11,445
			2,882	$	19,426
	Less: amount representing interest		468
			2,414
	Less: current portion		768
	Long-term portion	$	1,646

Longterm_Debt_Tables

Long-term Debt (Tables)	6 Months Ended
	Oct. 31, 2014
Long-term Debt [Abstract]
Schedule of Long-term Debt
	Long‑term debt at October 31, 2014, April 30, 2014 and pro forma consisted of borrowings pursuant to the loans and other credit facilities discussed below, as follows (dollars in thousands):
		October 31, 2014		April 30, 2014				Pro Forma after debt restructure
	Attitash/Mount Snow Debt; payable in monthly interest only payments at an increasing interest rate (10.93% at October 31, 2014 and April 30, 2014); remaining principal and interest due on April 3, 2027	$	63,500	$	63,500		$	51,050
	Mount Snow Development Debt; payable in monthly interest‑only payments at 10.00%; remaining principal and interest due April 1, 2016		42,907		42,907			-
	Credit Facility Debt; payable in monthly interest only payments at an increasing interest rate (9.98% at October 31, 2014 and April 30, 2014); remaining principal and interest due on October 29, 2027		47,029		47,029			37,562
	Crotched Mountain Debt; payable in monthly interest only payments at an increasing interest rate (10.27% at October 31, 2014 and April 30, 2014); remaining principal and interest due on March 10, 2027		10,972		10,972			-
	Sycamore Lake (Alpine Valley) Debt; payable in monthly interest only payments at an increasing interest rate (10.20% at October 31, 2014 and April 30, 2014); remaining principal and interest due on December 19, 2032		4,550		4,550			4,550
	Wildcat Mountain Debt; payable in monthly installments of $27,300, including interest at a rate of 4.00%, with remaining principal and interest due on December 22, 2020		3,877		3,962			3,877
	Other debt		2,125		2,311			2,125
			174,960		175,231			99,164
	Less: current maturities		557		579			557
		$	174,403	$	174,652		$	98,607
Schedule of Future Potential Interest Rates of Debt	The table below illustrates the range of potential interest rates  for each of the next five years assuming rates are to increase by the Capped CPI Index annually:
	Attitash/Mount Snow Debt
			Specific Debt Service
			Coverage
	Rate Effective at April 1:		Attained	Not Attained
	2014		9.93%	10.93%
	2015		10.09%	11.09%
	2016		10.24%	11.26%
	2017		10.39%	11.43%
	2018		10.54%	11.60%
Schedule of Future Potential Interest Rates of Fluctuating Rate Debt	The table below illustrates the potential interest rates applicable to the Company’s fluctuating interest rate debt for each of the next five years, assuming rates increase by the Capped CPI Index:
			Credit	Crotched		Sycamore Lake
	Rate effective April 1:		Facility Debt	Mountain Debt		(Alpine Valley)
	2014		9.98%	10.27%		10.20%
	2015		10.13%	10.42%		10.40%
	2016		10.28%	10.58%		10.61%
	2017		10.43%	10.74%		10.82%
	2018		10.59%	10.90%		11.04%
Schedule of Aggregate Annual Principal Payments on Long-term Debt	Future aggregate annual principal payments under all indebtedness are as follows (in thousands):
			31-Oct-14		Pro Forma (Note 8)
	2015	$	557	$	557
	2016		43,469		562
	2017		816		816
	2018		546		546
	2019		599		599
	Thereafter		128,973		96,084
		$	174,960	$	99,164

Commitments_and_Contingencies_1

Commitments and Contingencies (Tables)	6 Months Ended
	Oct. 31, 2014
Commitments and Contingencies [Abstract]
Schedule of Future Minimum Rental Payments	Future minimum rentals under all non‑cancelable leases with remaining lease terms of one year or more for years subsequent to October 31, 2014 are as follows (in thousands):
		Capital		Operating
		Leases		Leases
	2015	$	957	$	1,687
	2016		614		1,609
	2017		464		1,562
	2018		445		1,562
	2019		402		1,561
	Thereafter		—		11,445
			2,882	$	19,426
	Less: amount representing interest		468
			2,414
	Less: current portion		768
	Long-term portion	$	1,646

Loss_Per_Share_Tables

Loss Per Share (Tables)	6 Months Ended
	Oct. 31, 2014
Loss Per Share [Abstract]
Schedule of Loss Per Share	The computation of basic and diluted loss per share for the three and six month periods ended October 31, 2014 and 2013 is as follows (in thousands except share and per share data):
			Three Months ended				Six Months ended
		October 31, 2014		31-Oct-13		October 31, 2014		31-Oct-13
	Net loss	$	-6,743	$	-7,740	$	-14,903	$	-15,621
	Weighted number of shares:
	Common shares outstanding for basic and diluted loss per share		3,982,400		3,982,400		3,982,400		3,982,400
	Basic and diluted loss per share	$	-1.69	$	-1.94	$	-3.74	$	-3.92

Subsequent_Events_Tables

Subsequent Events (Tables)	6 Months Ended
	Oct. 31, 2014
Subsequent Events [Abstract]
Schedule of Initial Public Offering	The net proceeds of the offering are as follows (dollars in thousands):
	Gross offering proceeds	$	90,000
	Underwriters discount and commission		-6,300
	Costs of the offering		-1,428
	Net proceeds	$	82,272

Nature_of_Business_Narrative_D

Nature of Business (Narrative) (Details)	6 Months Ended
	Oct. 31, 2014
	segment
Nature of Business [Abstract]
Number of operating segments	1

Longterm_Debt_Narrative_Detail

Long-term Debt (Narrative) (Details) (USD $)

6 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

Oct. 31, 2014

Jul. 31, 2014

Apr. 30, 2014

Apr. 01, 2013

Jul. 13, 2012

Apr. 04, 2007

Jul. 26, 2013

Apr. 01, 2010

14-May-12

Dec. 15, 2011

Aug. 05, 2008

Oct. 30, 2007

Mar. 10, 2006

Oct. 20, 2010

Debt Instrument [Line Items]

Debt service coverage ratio consecutive period

2 years

Decrease in basis points, total

100

Attitash/Mount Snow Debt [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

3-Apr-27

3-Apr-27

Additional borrowing capacity

$25,000,000

Available borrowing capacity

10,000,000

Interest rate terms

Commencing AprilB 1, 2008 and each AprilB 1 thereafter, the interest rates relating to the debt outstanding under the Attitash Loan Documents and Mount Snow Loan Documents will increase from the prior interest rate measurement date by the lesser of three times the percentage increase in the Consumer Price Index ("CPI") or a factor of 1.015 (the "Capped CPI Index") unless specified debt service coverage ratios are maintained for a period of two consecutive years.

Capped Consumer Price Index (CPI)

1.015

Target debt service coverage ratio

2

2

Additional interest payment

12.00%

0.00%

0.00%

Increase/decrease in interest rate

11.00%

Long-term debt, interest rate

10.93%

10.93%

EPT Mount Attitash, Inc. [Member]

Debt Instrument [Line Items]

Amount borrowed pursuant to a loan agreement

15,700,000

EPT Mount Snow, Inc. [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

1-Apr-16

1-Apr-16

1-Apr-16

1-Apr-13

1-Apr-16

Amount borrowed pursuant to a loan agreement

59,000,000

Additional borrowing capacity

1,200,000

Additional borrowing, outstanding

0

Maximum borrowing capacity

25,000,000

41,000,000

Outstanding principal and interest under the promissory note

42,900,000

Long-term debt, interest rate

10.00%

10.00%

10.00%

EPT Ski Properties, Inc. [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

29-Oct-27

Available borrowing capacity

9,000,000

Interest rate terms

The interest rate for borrowings under the Credit Facility Documents increases each OctoberB 1 during the term of the Credit Facility Documents, such increase to be the lesser of two times the increase in the CPI or Capped CPI Index.

Maximum borrowing capacity

56,000,000

53,000,000

50,000,000

41,000,000

31,000,000

EPT Crotched Mountain, Inc. [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

10-Mar-27

10-Mar-27

Amount borrowed pursuant to a loan agreement

8,000,000

Maximum borrowing capacity

11,000,000

Long-term debt, interest rate

10.27%

10.27%

Credit Facility [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

29-Oct-27

29-Oct-27

Long-term debt, interest rate

9.98%

9.98%

Sycamore Lake (Alpine Valley) [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

19-Dec-32

Interest rate terms

The interest rate applicable to the outstanding debt under the Sycamore Lake (Alpine Valley) Note increases each DecemberB 19 during the term of the Sycamore Lake (Alpine Valley) Note, such increase to be the lesser of three times the percentage increase in the CPI from the previous DecemberB 19 or 2.0%.

Increase in interest rate, maximum

2.00%

Maximum borrowing capacity

5,100,000

Long-term debt, interest rate

10.20%

Wildcat Mountain Debt [Member]

Debt Instrument [Line Items]

Long-term debt, maturity date

22-Dec-20

22-Dec-20

Maximum borrowing capacity

$4,500,000

Long-term debt, interest rate

4.00%

4.00%

4.00%

Longterm_Debt_Schedule_of_Long

Long-term Debt (Schedule of Long-term Debt) (Details) (USD $)	6 Months Ended	12 Months Ended	0 Months Ended
	Oct. 31, 2014	Apr. 30, 2014	Apr. 01, 2013	Jul. 13, 2012	Apr. 04, 2007	Oct. 20, 2010
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	$174,960,000	$175,231,000
Less: current maturities	557,000	579,000
Total long-term debt	174,403,000	174,652,000
Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	99,164,000
Less: current maturities	557,000
Total long-term debt	98,607,000
Attitash/Mount Snow Debt [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	63,500,000	63,500,000
Long-term debt, interest rate	10.93%	10.93%
Long-term debt, maturity date	3-Apr-27	3-Apr-27
Attitash/Mount Snow Debt [Member] | Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	51,050,000
EPT Mount Snow, Inc. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	42,907,000	42,907,000
Long-term debt, interest rate	10.00%	10.00%	10.00%
Long-term debt, maturity date	1-Apr-16	1-Apr-16	1-Apr-16	1-Apr-13	1-Apr-16
EPT Ski Properties, Inc. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt, maturity date	29-Oct-27
EPT Crotched Mountain, Inc. [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	10,972,000	10,972,000
Long-term debt, interest rate	10.27%	10.27%
Long-term debt, maturity date	10-Mar-27	10-Mar-27
Credit Facility [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	47,029,000	47,029,000
Long-term debt, interest rate	9.98%	9.98%
Long-term debt, maturity date	29-Oct-27	29-Oct-27
Credit Facility [Member] | Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	37,562,000
Sycamore Lake (Alpine Valley) [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	4,550,000	4,550,000
Long-term debt, interest rate	10.20%
Long-term debt, maturity date	19-Dec-32
Sycamore Lake (Alpine Valley) [Member] | Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	4,550,000
Wildcat Mountain Debt [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	3,877,000	3,962,000
Debt payable in monthly installments	27,300	27,300
Long-term debt, interest rate	4.00%	4.00%				4.00%
Long-term debt, maturity date	22-Dec-20	22-Dec-20
Wildcat Mountain Debt [Member] | Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	3,877,000
Other Debt [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	2,125,000	2,311,000
Other Debt [Member] | Pro Forma [Member]
Schedule of Capitalization, Long-term Debt [Line Items]
Long-term debt	$2,125,000

Longterm_Debt_Schedule_of_Futu

Long-term Debt (Schedule of Future Potential Interest Rates of Debt) (Details) (Attitash/Mount Snow Debt [Member])	Oct. 31, 2014	Apr. 30, 2014
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.93%	10.93%
April 1, 2014 [Member] | Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	9.93%
April 1, 2014 [Member] | Not Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.93%
April 1, 2015 [Member] | Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.09%
April 1, 2015 [Member] | Not Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	11.09%
April 1, 2016 [Member] | Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.24%
April 1, 2016 [Member] | Not Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	11.26%
April 1, 2017 [Member] | Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.39%
April 1, 2017 [Member] | Not Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	11.43%
April 1, 2018 [Member] | Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.54%
April 1, 2018 [Member] | Not Attained [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	11.60%

Longterm_Debt_Schedule_of_Futu1

Long-term Debt (Schedule of Future Potential Interest Rates of Fluctuating Rate Debt) (Details)	Oct. 31, 2014	Apr. 30, 2014
Credit Facility [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	9.98%	9.98%
Credit Facility [Member] | April 1, 2014 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	9.98%
Credit Facility [Member] | April 1, 2015 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.13%
Credit Facility [Member] | April 1, 2016 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.28%
Credit Facility [Member] | April 1, 2017 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.43%
Credit Facility [Member] | April 1, 2018 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.59%
EPT Crotched Mountain, Inc. [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.27%	10.27%
EPT Crotched Mountain, Inc. [Member] | April 1, 2014 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.27%
EPT Crotched Mountain, Inc. [Member] | April 1, 2015 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.42%
EPT Crotched Mountain, Inc. [Member] | April 1, 2016 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.58%
EPT Crotched Mountain, Inc. [Member] | April 1, 2017 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.74%
EPT Crotched Mountain, Inc. [Member] | April 1, 2018 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.90%
Sycamore Lake (Alpine Valley) [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.20%
Sycamore Lake (Alpine Valley) [Member] | April 1, 2014 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.20%
Sycamore Lake (Alpine Valley) [Member] | April 1, 2015 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.40%
Sycamore Lake (Alpine Valley) [Member] | April 1, 2016 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.61%
Sycamore Lake (Alpine Valley) [Member] | April 1, 2017 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	10.82%
Sycamore Lake (Alpine Valley) [Member] | April 1, 2018 [Member]
Debt Instrument [Line Items]
Long-term debt, potential interest rates	11.04%

Longterm_Debt_Schedule_of_Aggr

Long-term Debt (Schedule of Aggregate Annual Principal Payments on Long-term Debt) (Details) (USD $)	Oct. 31, 2014	Apr. 30, 2014
In Thousands, unless otherwise specified
2015	$557
2016	43,469
2017	816
2018	546
2019	599
Thereafter	128,973
Long-term debt	174,960	175,231
Pro Forma [Member]
2015	557
2016	562
2017	816
2018	546
2019	599
Thereafter	96,084
Long-term debt	$99,164

Commitments_and_Contingencies_2

Commitments and Contingencies (Narrative) (Details) (USD $)	3 Months Ended		6 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Operating leases, rent expense, net	$512,000	$532,400	$1,003,700	$1,006,700
Minimum [Member]
Operating leases interest percentage			1.50%
Maximum [Member]
Operating leases interest percentage			4.50%

Commitments_and_Contingencies_3

Commitments and Contingencies (Schedule of Future Minimum Rental Payments) (Details) (USD $)	Oct. 31, 2014	Apr. 30, 2014
In Thousands, unless otherwise specified
Operating Leases
2015	$1,687
2016	1,609
2017	1,562
2018	1,562
2019	1,561
Thereafter	11,445
Operating Leases, future minimum payments due, total	19,426
Capital Leases
2015	957
2016	614
2017	464
2018	445
2019	402
Thereafter
Capital Leases, future minimum payments due, total	2,882
Less: amount representing interest	468
Capital Lease obligations, total	2,414
Less: current portion	768
Longbterm portion	$1,646	$191

Loss_Per_Share_Schedule_of_Los

Loss Per Share (Schedule of Loss Per Share) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Loss Per Share [Abstract]
Net loss	($6,743)	($7,740)	($14,903)	($15,621)
Weighted number of shares: Common shares outstanding for basic and diluted loss per share	3,982,400	3,982,400	3,982,400	3,982,400
Basic and diluted loss per share	($1.69)	($1.94)	($3.74)	($3.92)
Stockholders' equity note, stock split			November 8, 2014, the Company's board of directors approved a 100 for 1 common stock split which was effected immediately prior to the consummation of the initial public offering
Stockholders' equity note, stock split, conversion ratio			100

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details) (USD $)	0 Months Ended	6 Months Ended	0 Months Ended
	Nov. 20, 2014	Oct. 31, 2014	Nov. 11, 2014	Nov. 10, 2014	Dec. 01, 2014	Nov. 05, 2014
Subsequent Event [Line Items]
Stockholders' equity note, stock split		November 8, 2014, the Company's board of directors approved a 100 for 1 common stock split which was effected immediately prior to the consummation of the initial public offering
Stockholders' equity note, stock split, conversion ratio		100
Stock issued during period, shares, new issues	10,000,000
Shares issued, price per share	$9
Subsequent Event [Member]
Subsequent Event [Line Items]
Subsequent event, date		4-Nov-14
Subsequent event, description		the Company's board of directors adopted the Peak Resorts, Inc. 2014 Equity Incentive Plan (the bbIncentive Plan''), and on November 5, 2014, the Company's stockholders approved the Incentive Plan.
Proceeds from issuance initial public offering		82,272
Maturity extension period			7 years
Dividends payable, date declared		8-Dec-14
Dividends payable, amount per share					$10.91
Dividends payable, date to be paid		20-Feb-15
Dividends payable, date of record		2-Jan-15
Dividends initial quarterly rate per share		13.75
Dividend prorated duration period		73 days
Annualized dividend amount		0.55
Subsequent Event [Member] | Incentive Plan [Member]
Subsequent Event [Line Items]
Shares authorized						559,296
ERP Properties [Member] | Debt Restructuring Agreement [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Debt instrument, fee amount				5,000,000
ERP Properties [Member] | Debt Restructuring Agreement [Member] | Subsequent Event [Member] | Scenario, Plan [Member]
Subsequent Event [Line Items]
Potential lease term duration			20 years
ERP Properties [Member] | Debt Restructuring Agreement [Member] | Lease Additional Extension Period [Member] | Subsequent Event [Member] | Scenario, Plan [Member]
Subsequent Event [Line Items]
Additional lease term duration			10 years
ERP Properties [Member] | Debt Restructuring Agreement Benchmark [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Repayments of secured debt				75,800,000
ERP Properties [Member] | Debt Restructuring Agreement First Right of Refusal [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Period of agreement			7 years
Benchmark amount, minimum			250,000,000
Loan to value ratio benchmark			60
ERP Properties [Member] | Debt Restructuring Agreement First Right of Refusal [Member] | Subsequent Event [Member] | Attitash Ski Resort Property [Member]
Subsequent Event [Line Items]
Period of agreement			7 years

Subsequent_Events_Schedule_of_

Subsequent Events (Schedule of Initial Public Offering) (Details) (Subsequent Event [Member], USD $)	6 Months Ended
	Oct. 31, 2014
Discount, commissions and offering costs	($1,428)
Proceeds from issuance initial public offering	82,272
Underwriters [Member]
Gross offerings proceeds	90,000
Discount, commissions and offering costs	($6,300)