Snowflake 10-Q 5 Nov 15 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2015	Nov. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Intrawest Resorts Holdings, Inc.
Entity Central Index Key	1,587,755
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		45,219,380
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Cash and cash equivalents	$ 92,021	$ 90,580
Restricted cash	10,529	10,246
Receivables, net of allowances of $1,794 and $1,571	33,196	42,768
Other current assets	63,061	60,950
Total current assets	198,807	204,544
Property, plant and equipment, net of accumulated depreciation of $406,341 and $407,547	510,352	529,257
Real estate held for development	140,167	143,036
Intangible assets, net of accumulated amortization of $58,555 and $59,581	53,241	56,501
Goodwill	105,654	106,469
Other long-term assets, net of allowances of $878 and $1,032	49,058	55,188
Total assets	1,057,279	1,094,995
Current liabilities:
Accounts payable and accrued liabilities	77,298	67,224
Deferred revenue and deposits	89,920	68,062
Capital lease obligations due within one year	20,864	3,927
Long-term debt due within one year	6,865	6,919
Total current liabilities	194,947	146,132
Long-term capital lease obligations	18,519	35,175
Long-term debt	566,173	566,922
Other long-term liabilities	66,412	69,030
Total liabilities	$ 846,051	$ 817,259
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.01 par value; 300,000 shares authorized; 0 issued and outstanding at each of September 30, 2015 and June 30, 2015	$ 0	$ 0
Common stock, $0.01 par value; 2,000,000 shares authorized; 45,230 shares issued and outstanding at each of September 30, 2015 and June 30, 2015	452	452
Additional paid-in capital	2,898,250	2,897,343
Accumulated deficit	(2,813,989)	(2,766,947)
Accumulated other comprehensive income	123,543	145,379
Total Intrawest Resorts Holdings, Inc. stockholders' equity	208,256	276,227
Noncontrolling interest	2,972	1,509
Total stockholders' equity	211,228	277,736
Total liabilities and stockholders' equity	$ 1,057,279	$ 1,094,995

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current assets:
Receivables, allowance	$ 1,794	$ 1,571
Property, plant and equipment, accumulated depreciation	406,341	407,547
Intangible assets, accumulated amortization	58,555	59,581
Other long-term assets, allowance	$ 878	$ 1,032
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	300,000	300,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,000,000	2,000,000
Common stock, shares issued (in shares)	45,230	45,230
Common stock, shares outstanding (in shares)	45,230	45,230

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statements of Operations
Revenue	$ 86,204	$ 74,373
Operating expenses	103,248	98,076
Depreciation and amortization	15,042	14,586
(Gain) loss on disposal of assets	(689)	188
Loss on remeasurement of equity method investment	0	1,437
Loss from operations	(31,397)	(39,914)
Interest expense, net	(9,233)	(9,614)
Loss from equity method investments	(3,084)	(2,251)
Other income (expense), net	78	(305)
Loss before income taxes	(43,636)	(52,084)
Income tax expense (benefit)	1,787	(1,986)
Net loss	(45,423)	(50,098)
Income attributable to noncontrolling interest	1,619	877
Net loss attributable to Intrawest Resorts Holdings, Inc.	$ (47,042)	$ (50,975)
Weighted average shares of common stock outstanding:
Basic and diluted (in shares)	45,230	45,026
Net loss attributable to Intrawest Resorts Holdings, Inc. per share:
Basic and diluted (in dollars per share)	$ (1.04)	$ (1.13)
Statements of Comprehensive Income (Loss)
Net loss	$ (45,423)	$ (50,098)
Other comprehensive (loss) income (net of tax of $0)	(21,992)	(17,468)
Comprehensive loss	(67,415)	(67,566)
Comprehensive income attributable to noncontrolling interest	1,463	863
Comprehensive loss attributable to Intrawest Resorts Holdings, Inc.	$ (68,878)	$ (68,429)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statements of Comprehensive Income (Loss)
Other comprehensive (loss) income, tax	$ 0	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net loss	$ (45,423)	$ (50,098)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	15,042	14,586
Funding of pension plans	(232)	(2,065)
Other non-cash expense, net	4,904	2,825
Changes in assets and liabilities, net of business acquisitions:
Inventories	(4,423)	(2,698)
Receivables	10,524	5,869
Accounts payable and accrued liabilities	11,966	7,484
Deferred revenue and deposits	24,060	21,939
Other assets and liabilities, net	(405)	2,348
Net cash provided by operating activities	16,013	190
Investing activities:
Capital expenditures	(9,789)	(15,148)
Acquisitions, net of cash received	0	(41,485)
Other investing activities, net	193	(556)
Net cash used in investing activities	(9,596)	(57,189)
Financing activities:
Proceeds from issuance of long-term debt	0	59,925
Repayments of bank and other borrowings	(2,174)	(2,702)
Financing costs paid	0	(1,234)
Net cash (used in) provided by financing activities	(2,174)	55,989
Effect of exchange rate changes on cash	(2,802)	(1,455)
Increase (decrease) in cash and cash equivalents	1,441	(2,465)
Cash and cash equivalents, beginning of period	90,580	56,020
Cash and cash equivalents, end of period	92,021	53,555
Supplemental information:
Cash paid for interest	7,939	8,427
Non-cash investing and financing activities:
Property, plant and equipment received but not paid	2,403	0
Property, plant and equipment financed by capital lease obligations	$ 0	$ 107

Formation and Business

Formation and Business	3 Months Ended
	Sep. 30, 2015
Formation and Business [Abstract]
Formation and Business	1. Formation and Business Intrawest Resorts Holdings, Inc. (together with its subsidiaries, collectively referred to herein as "the Company") is a Delaware corporation that was formed on August 30, 2013 as a holding company that operates various subsidiaries primarily engaged in the operation of mountain resorts, adventure businesses, and real estate activities, throughout North America. The Company conducts business through three segments: Mountain, Adventure and Real Estate. The Mountain segment includes the Company's mountain resorts and lodging operations at Steamboat Ski & Resort and Winter Park Resort (“Winter Park”) in Colorado, Stratton Mountain Resort in Vermont, Snowshoe Mountain Resort in West Virginia, Mont Tremblant Resort (“Tremblant”) in Quebec, and Blue Mountain Ski Resort (“Blue Mountain”) in Ontario, of which the Company owned a 50.0% equity interest prior to the Company's acquisition of the remaining 50.0% equity interest on September 19, 2014 (the "Blue Mountain Acquisition"). The Mountain segment derives revenue mainly from sales of lift products, lodging, ski school services, retail and rental merchandise, food and beverage, and other ancillary services. The Adventure segment includes Canadian Mountain Holidays (“CMH”), which provides helicopter accessed skiing, mountaineering and hiking at eleven lodges in British Columbia, Canada. In support of CMH’s operations, the Company owns a fleet of Bell helicopters that are also used in the off-season for fire suppression activities and other commercial uses in the United States and Canada. The Company's subsidiary, Alpine Aerotech L.P., provides helicopter maintenance, repair and overhaul services to the Company’s fleet of helicopters as well as to aircraft owned by unaffiliated third parties. The Real Estate segment is comprised of real estate management, marketing and sales businesses and real estate development activities. The Company manages, markets and/or sells real estate through the Intrawest Resort Club Group (“IRCG”) division, a vacation club business, Intrawest Hospitality Management, Inc. (“IHM”), which principally manages condominium hotel properties in Maui, Hawaii and Mammoth Lakes, California, and Playground, a residential real estate sales and marketing business, as well as the Company’s 50.0% interest in Mammoth Hospitality Management L.L.C. and 57.1% economic interest in Chateau M.T. Inc. The Real Estate segment also includes costs associated with real estate development activities, such as planning activities and land carrying costs.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Sep. 30, 2015
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation and Use of Estimates The accompanying condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared in accordance with GAAP. In management's opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. These results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and a variable interest entity (“VIE”) for which the Company is the primary beneficiary. All significant intercompany transactions are eliminated in consolidation. Investments in which the Company does not have a controlling interest or is not the primary beneficiary, but over which the Company is able to exercise significant influence, are accounted for under the equity method. Under the equity method, the original cost of the investment is adjusted for the Company’s share of post-acquisition earnings or losses increased by contributions less distributions received. The Company owns a 20.0% equity interest in Alpine Helicopters Inc. (“Alpine Helicopters”). Alpine Helicopters employs all the pilots that fly the helicopters supporting CMH operations. Alpine Helicopters leases 100% of its helicopters from Intrawest ULC, a consolidated subsidiary of the Company, creating economic dependence and therefore giving Intrawest ULC a variable interest in Alpine Helicopters. Alpine Helicopters is a VIE for which the Company is the primary beneficiary and is consolidated in the accompanying condensed consolidated financial statements. The remaining 80.0% equity interest in Alpine Helicopters is held by the employees of Alpine Helicopters and is reflected as a noncontrolling interest in the accompanying condensed consolidated financial statements. As of September 30, 2015 , Alpine Helicopters had total assets of $13.1 million and total liabilities of $7.2 million. On September 19, 2014 (the “Acquisition Date”), the Company acquired the remaining 50.0% equity interest in Blue Mountain that the Company did not already own from Blue Mountain Resorts Holdings Inc., as described in Note 8, “Acquisition”. The accompanying condensed consolidated financial statements reflect the Company's equity method investment in Blue Mountain prior to the Blue Mountain Acquisition and the consolidated results for periods subsequent to the Acquisition Date. Fair Value of Financial Instruments As of September 30, 2015 and June 30, 2015 , the fair value of cash and cash equivalents, restricted cash, net receivables and accounts payable approximated their carrying value based on the short-term nature of these instruments. Estimates of fair value may be affected by assumptions made and, accordingly, are not necessarily indicative of the amounts the Company could realize in a current market exchange. The fair value of the Senior Debt (as defined in Note 5, “Long-Term Debt”) was estimated using quoted prices for the Company's instruments in markets that are not active and was considered a Level 2 measure. The fair value of other debt obligations was estimated based on Level 3 inputs using discounted cash flow analyses based on assumptions that management believes are consistent with market participant assumptions. September 30, 2015 June 30, 2015 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 571,040 $ 590,165 $ 571,745 $ 595,362 Other debt obligations 1,998 1,711 2,096 1,793 Recent Accounting Pronouncements In April 2015, the FASB issued ASU 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"). This update is intended to reduce diversity in practice by providing explicit guidance to customers about whether a cloud computing arrangement includes a software license. For public business entities, the guidance is effective for annual periods beginning after December 15, 2015, with early adoption permitted. The Company has not yet selected a transition method and is currently in the process of evaluating the impact that ASU 2015-05 will have on its consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ("ASU 2015-02"). This update (i) amends the criteria for determining which entities are considered VIEs or voting interest entities, (ii) amends the criteria for evaluating fees paid to a decision maker or service provider as a variable interest, (iii) amends the effect of fee arrangements and related parties on the primary beneficiary determination, and (iv) ends the deferral previously granted to certain investment companies for application of the VIE consolidation model. The guidance is effective for public business entities for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is currently in the process of evaluating the impact that ASU 2015-02 will have on its consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which requires 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 in GAAP when it becomes effective. The new standard is effective for the Company beginning July 1, 2018. In August 2015, the FASB issued a one-year deferral to the effective date with an option to permit adoption as early as the original effective date of July 1, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method and it is currently in the process of evaluating the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Sep. 30, 2015
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	3. Earnings (Loss) Per Share Basic earnings (loss) per share ("EPS") is calculated by dividing net income (loss) attributable to the Company by the weighted average number of shares of common stock outstanding. Diluted EPS is calculated by dividing net income (loss) attributable to the Company by the weighted average number of shares of common stock outstanding, plus potentially dilutive securities. Potentially dilutive securities include unvested restricted common stock, restricted stock units, and stock options, the dilutive effect of which is calculated using the treasury stock method. Due to the Company's reported net loss for each of the three months ended September 30, 2015 and 2014, the effect of 1.1 million and 0.1 million stock awards, respectively, was not included in the calculation of EPS as the effect would be anti-dilutive. The calculation of basic and diluted EPS is presented below (in thousands, except per share data). Three Months Ended September 30, 2015 2014 Basic and Diluted EPS Net loss attributable to Intrawest Resorts Holdings, Inc. $ (47,042 ) $ (50,975 ) Weighted average common shares outstanding 45,230 45,026 $ (1.04 ) $ (1.13 )

Supplementary Balance Sheet Inf

Supplementary Balance Sheet Information	3 Months Ended
	Sep. 30, 2015
Supplementary Balance Sheet Information [Abstract]
Supplementary Balance Sheet Information	4. Supplementary Balance Sheet Information Current receivables Current receivables as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Trade receivables $ 29,784 $ 38,786 Loans, mortgages and notes receivable 5,206 5,553 Allowance for doubtful accounts (1,794 ) (1,571 ) Total current receivables $ 33,196 $ 42,768 Other current assets Other current assets as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Inventories $ 40,245 $ 37,242 Capital spares 11,240 11,640 Prepaid insurance 3,475 5,353 Other prepaid expenses and current assets 8,101 6,715 Total other current assets $ 63,061 $ 60,950 Other long-term assets, net Other long-term assets, net as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Equity method investments $ 21,996 $ 25,394 Long-term receivables 24,240 26,329 Other long-term assets 3,700 4,497 Allowance for doubtful accounts (878 ) (1,032 ) Total other long-term assets, net $ 49,058 $ 55,188 Accounts payable and accrued liabilities Accounts payable and accrued liabilities as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Trade payables $ 66,967 $ 55,835 Accrued liabilities 10,331 11,389 Total accounts payable and accrued liabilities $ 77,298 $ 67,224 Current deferred revenue and deposits Current deferred revenue and deposits as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Season pass and other deferred revenue $ 61,132 $ 41,566 Lodging and tour deposits 25,936 23,510 Deposits on real estate sales 2,852 2,986 Total current deferred revenue and deposits $ 89,920 $ 68,062 Other long-term liabilities Other long-term liabilities as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Pension liability, net of funded assets $ 31,474 $ 33,150 Forgivable government grants 8,102 8,950 Deferred revenue and deposits 8,691 8,909 Other long-term liabilities 18,145 18,021 Total other long-term liabilities $ 66,412 $ 69,030

Long-Term Debt

Long-Term Debt	3 Months Ended
	Sep. 30, 2015
Long-Term Debt [Abstract]
Long-Term Debt	5. Long-Term Debt Long-term debt as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): Maturity September 30, 2015 Fiscal Year End June 30, 2015 Senior Debt 2020 $ 571,040 $ 571,745 Other debt obligations 2016-2023 1,998 2,096 Total 573,038 573,841 Less: Long-term debt due within one year 6,865 6,919 Total long-term debt $ 566,173 $ 566,922 Senior Debt In December 2013, one of the Company’s subsidiaries, as borrower, and several of the Company's U.S. subsidiaries, as guarantors, entered into a credit agreement (the “Credit Agreement”) with a syndicate of lenders, Goldman Sachs Bank USA, as issuing bank, and Goldman Sachs Lending Partners LLC, as administrative agent, providing for a $540.0 million term loan facility (the “Term Loan"), a $25.0 million senior secured first-lien revolving loan facility (the “Revolver”), and a $55.0 million senior secured first-lien letters of credit facility (the “LC Facility” and, together with the Term Loan and Revolver, collectively referred to herein as the “Senior Debt”). Pursuant to an Incremental Amendment to the Credit Agreement, dated September 19, 2014 (the "Incremental Amendment"), the Company borrowed an incremental $60.0 million under the Term Loan, primarily to finance the Blue Mountain Acquisition described in Note 8, "Acquisitions". The proceeds were also used to pay certain fees, commissions and expenses related to the Blue Mountain Acquisition and for working capital purposes. The Incremental Amendment has the same terms and maturity date as the original Term Loan. The Company has the ability to increase the size of the Term Loan under certain circumstances by an aggregate amount of up to $40.0 million, so long as, after giving effect to any additional amounts borrowed, the Company remains compliant with all covenants of the Credit Agreement. The Term Loan has a maturity date of December 9, 2020. Borrowings under the Credit Agreement, including the Term Loan, LC Facility and Revolver, bear interest, at the Company's option, at a rate equal to either an adjusted LIBOR rate or a base rate, in each case plus the applicable margin. The Term Loan currently bears interest based upon the LIBOR-based rate with a LIBOR floor of 1.0%. The Credit Agreement requires quarterly principal payments in the amount of $1.5 million. The Company's current applicable margin is 3.75% under the Term Loan, 4.50% under the LC Facility, and 3.75% under the Revolver. The net cash proceeds from the Term Loan were reduced by an original issue discount ("OID") of 0.9%, or $5.5 million, after giving effect to the Incremental Amendment. The OID is amortized into interest expense using the effective interest method. There was $4.2 million and $4.3 million of unamortized OID remaining as of September 30, 2015 and June 30, 2015 , respectively. The Company has incurred $19.7 million of debt issuance costs in connection with the Senior Debt, which together with the OID is presented as a direct reduction of the carrying value of the long-term debt on the accompanying condensed consolidated balance sheets. These costs are amortized into interest expense using the effective interest method. There was $14.6 million and $15.2 million of unamortized costs remaining as of September 30, 2015 and June 30, 2015 , respectively. The borrower's obligations under the Credit Agreement are supported by guarantees of substantially all of the Company's material U.S. subsidiaries. The guarantees are further collateralized by mortgages and other security interests in certain properties and assets held by U.S. subsidiaries of the Company. The collateral includes both general and specific assets. The Credit Agreement provides for affirmative and negative covenants that the Company believes are usual and customary for a senior secured credit agreement. The negative covenants restrict, among other things, the ability of the Company's subsidiaries to incur indebtedness, dispose of property, or make investments or distributions. It also includes customary cross-default provisions with respect to certain other borrowings of the Company's subsidiaries. Additionally, the Credit Agreement requires the borrower to comply with a total secured debt leverage ratio to the extent that more than 30.0% of the Revolver is outstanding (including outstanding swingline loans and letters of credit) on the last day of each fiscal quarter. The Company was in compliance with the applicable covenants of the Credit Agreement at September 30, 2015 . The LC Facility and the Revolver each have a maturity date of December 9, 2018. The LC Facility includes fronting fees of 25 basis points and a commitment fee of 37.5 basis points on the first 15% of unutilized commitments. There were $43.1 million and $45.4 million of irrevocable standby letters of credit outstanding under the LC Facility at September 30, 2015 and June 30, 2015 , respectively. The Revolver includes commitment fees of 37.5 basis points. There were no outstanding borrowings under the Revolver at either September 30, 2015 or June 30, 2015 . Other Debt Obligations Other debt obligations include various lending agreements, including a government loan agreement and a bank loan related to employee housing. The weighted average interest rate for other debt obligations was 5.6% for the three months ended September 30, 2015 . Maturities Current maturities represent principal payments due in the next 12 months. As of September 30, 2015 , the long-term debt aggregate maturities for the 12 month period ended September 30 of each of the following years are set forth below (in thousands): 2016 $ 6,865 2017 6,307 2018 6,134 2019 6,141 2020 6,149 Thereafter 560,197 Interest Expense The Company recorded interest expense of $10.2 million and $10.7 million in the accompanying condensed consolidated statements of operations for the three months ended September 30, 2015 and 2014 , respectively, of which $0.8 million was amortization of deferred financing costs and the OID for each of the three months ended September 30, 2015 and 2014 . In October 2006, the Company entered into interest rate swap contracts to minimize the impact of changes in interest rates on its cash flows for certain of the Company’s floating bank rates and other indebtedness. The outstanding swap contracts were terminated on October 11, 2008. The fair value of the swap contracts at October 11, 2008 was a liability of $111.4 million. The remaining deferred losses of $1.6 million as of September 30, 2015 related to the terminated swap liability are recorded in accumulated other comprehensive income ("AOCI") and will be recognized periodically through March 31, 2017 through interest expense. Approximately $1.1 million of deferred losses will be amortized from AOCI into interest expense in the next 12 months. The portion included in interest expense, net in the accompanying condensed consolidated statements of operations for the three months ended September 30, 2015 and 2014 was $0.3 million and $0.4 million, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income [Abstract]
Accumulated Other Comprehensive Income	6. Accumulated Other Comprehensive Income The following table presents the changes in AOCI, by component, for the three months ended September 30, 2015 and 2014 (in thousands): Realized portion on cash flow hedge (a) Actuarial loss on pensions (b) Foreign currency translation adjustments Total As of June 30, 2014 $ (3,347 ) $ (14,084 ) $ 215,154 $ 197,723 Amounts reclassified from AOCI 420 202 — 622 Foreign currency translation adjustments (269 ) 453 (18,260 ) (18,076 ) Net current period other comprehensive income (loss) 151 655 (18,260 ) (17,454 ) As of September 30, 2014 $ (3,196 ) $ (13,429 ) $ 196,894 $ 180,269 As of June 30, 2015 $ (1,918 ) $ (11,949 ) $ 159,246 $ 145,379 Amounts reclassified from AOCI 303 186 — 489 Foreign currency translation adjustments (5 ) 535 (22,855 ) (22,325 ) Net current period other comprehensive income (loss) 298 721 (22,855 ) (21,836 ) As of September 30, 2015 $ (1,620 ) $ (11,228 ) $ 136,391 $ 123,543 (a) Amounts reclassified out of AOCI are included in interest expense in the accompanying condensed consolidated statements of operations. (b) Amounts reclassified out of AOCI are included in operating expenses in the accompanying condensed consolidated statements of operations.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2015
Income Taxes [Abstract]
Income Taxes	7. Income Taxes The Company's quarterly provision for income taxes is calculated using an estimated annual effective tax rate for the period, adjusted for discrete items that occurred within the period presented. The consolidated income tax provision attributable to the Company was a $1.8 million expense for the three months ended September 30, 2015 and a $2.0 million benefit for the three months ended September 30, 2014. These amounts represent an effective tax rate of (4.1)% and 3.8% for the three months ended September 30, 2015 and 2014, respectively. The $1.8 million expense for the three months ended September 30, 2015 primarily relates to taxable Canadian helicopter operations. The net $2.0 million tax benefit for the three months ended September 30, 2014 was comprised of $1.1 million of tax expense related to taxable Canadian helicopter operations and a $3.1 million tax benefit. The one-time $3.1 million tax benefit was due to a restructuring, in association with the Blue Mountain Acquisition, that enabled the Company to utilize a portion of its Canadian deferred tax assets resulting in a corresponding release of the full valuation allowance. The effective tax rate for the three months ended September 30, 2015 and 2014 differs from the federal blended statutory rate of 32.9% and 31.8%, respectively, due to changes in recorded valuation allowances for entities in the United States and Canada.

Acquisition

Acquisition	3 Months Ended
	Sep. 30, 2015
Acquisition [Abstract]
Acquisition	8. Acquisition On September 19, 2014 , the Company acquired the remaining 50.0% equity interest in Blue Mountain that the Company did not already own from Blue Mountain Resorts Holdings Inc. The Company has included the financial results of Blue Mountain in the accompanying condensed consolidated financial statements from the Acquisition Date. The total consideration transferred to acquire Blue Mountain was $109.6 million, which consisted of $54.8 million in cash and $54.8 million for the previously held equity interest. The valuation of the Company’s previously held equity interest resulted in a loss of $1.5 million included within loss on remeasurement of equity method investment in the accompanying condensed consolidated statements of operations for the three months ended September 30, 2014. The primary assets acquired and liabilities assumed as of the Acquisition Date included $85.8 million of property, plant and equipment, $13.8 million of accounts payable and accrued liabilities, $13.3 million of cash and cash equivalents, $8.7 million of identifiable intangibles and $13.2 million of residual goodwill. The goodwill recorded is primarily attributable to economies of scale, opportunities for synergies and any intangible assets that do not qualify for separate recognition. None of the goodwill is deductible for tax purposes.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Letters of Credit The Company issued letters of credit of $43.1 million and $45.4 million at September 30, 2015 and June 30, 2015 , respectively, mainly to secure the Company's commitments under the three closed noncontributory defined benefit pension plans covering certain of the Company's former executives and self-insurance claims. These outstanding letters of credit will expire in November 2018. Legal The Company is involved in various lawsuits and claims arising in the ordinary course of business and others arising from legacy real estate development. These lawsuits and claims may include, among other things, claims or litigation relating to personal injury and wrongful death, allegations of violations of laws and regulations relating to real estate activities and labor and employment, intellectual property and environmental matters and commercial contract disputes. The Company operates in multiple jurisdictions and, as a result, a claim in one jurisdiction may lead to claims or regulatory penalties in other jurisdictions. Due to the nature of the activities at the Company's mountain resorts and CMH, the Company is exposed to the risk that customers or employees may be involved in accidents during the use, operation or maintenance of its trails, lifts, helicopters and facilities. As a result, the Company is, from time to time, subject to various lawsuits and claims in the ordinary course of business related to injuries occurring at the Company's properties. In addition, the Company's pre-2010 legacy real estate development and sales activities, combined with the significant downward shift in real estate asset values that occurred in 2007 and 2008, resulted in claims arising in the ordinary course of business being filed against the Company by owners and prospective purchasers of residences of the Company's real estate developments. In some instances, the Company has been named as a defendant in lawsuits alleging construction defects at certain of the Company's existing developments or that the Company failed to construct planned amenities. In other lawsuits, purchasers are seeking rescission of real estate purchases and/or return of deposits paid on pre-construction purchase and sale agreements. These claims are related to alleged violations of state and federal laws that require providing purchasers with disclosures mandated under the Interstate Land Sales Act and similar state laws. The Company believes that it has adequate insurance coverage or has adequately accrued for loss contingencies for all material matters in which it believes a loss is probable and the amount of the loss is reasonably estimable. Although the ultimate outcome of claims cannot be ascertained, current pending and threatened claims are not expected to have a material adverse effect, individually or in the aggregate, on the Company's financial position, results of operations or cash flows. Government Grants and Loans The federal government of Canada and the provincial government of Quebec have granted financial assistance to certain subsidiaries of the Company in the form of reimbursable loans and forgivable grants for the construction of specified tourist facilities at Tremblant. The unamortized balance of forgivable government grants received is included in other long-term liabilities in the accompanying condensed consolidated balance sheets and recorded as a reduction in depreciation expense of the related fixed asset or a reduction in cost of sales for property under development at the time a sale is recognized. Reimbursable government loans are included in long-term debt and long-term debt due within one year in the accompanying condensed consolidated balance sheets. The reimbursable government loans have a weighted average borrowing rate of 6.1%. Reimbursable government loans and forgivable grants as of September 30, 2015 and June 30, 2015 in Canadian dollars ("CAD") and U.S. dollar ("USD") equivalent are as follows (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 CAD USD Equivalent CAD USD Equivalent Loans $ 1,237 $ 924 $ 1,237 $ 992 Grants Received 89,298 66,670 89,298 71,587 Future advances 31,421 23,459 31,421 25,189 Total grants $ 120,719 $ 90,129 $ 120,719 $ 96,776 Capital Leases Capital lease obligations are primarily for equipment except for the lease of the Winter Park ski resort. The Winter Park capital lease requires annual payments, a portion of which are contingent on future annual gross revenue levels. As such, the obligation associated with the contingent portion of the payments is not readily determinable and has not been recorded . The Company is contractually obligated to make certain debt service payments on behalf of Winter Park Recreational Association as a requirement of the capital lease agreement. Amortization of assets under capital leases is included in depreciation and amortization expense in the accompanying condensed consolidated statements of operations. The capital leases have a weighted average remaining term of 36 years and a weighted average interest rate of 10.0%. Other The Company holds forestry licenses and land leases with respect to certain of its resort operations. These leases expire at various times between 2017 and 2047 and provide for annual payments of approximately 2.0% of defined gross revenue. Payments for forestry licenses and land leases were $0.1 million for each of the three months ended September 30, 2015 and 2014 .

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2015
Segment Information [Abstract]
Segment Information	10. Segment Information The Company currently manages and reports operating results through three segments: Mountain, Adventure and Real Estate. The Mountain segment includes the operations of the Company’s mountain resorts and related ancillary activities. The Mountain segment earns revenue from a variety of activities, including lift revenue, lodging revenue, ski school revenue, retail and rental revenue, food and beverage revenue, and other revenue. The Adventure segment generates revenue from the sale of helicopter accessed skiing, mountaineering and hiking adventure packages, and ancillary services, such as fire suppression services, leasing, and maintenance, repair and overhaul of aircraft. The Real Estate segment includes a vacation club business, management of condominium hotel properties and real estate management, including marketing and sales activities, as well as real estate development activities. Each of the Company’s segments offers distinctly different products and services and requires different types of management focus. As such, these segments are managed separately. In deciding how to allocate resources and assess performance, the Company’s Chief Operating Decision Maker (“CODM”) regularly evaluates the performance of the Company's segments on the basis of revenue and earnings, which are adjusted for certain items set forth in the reconciliation below, including interest, taxes, depreciation and amortization (“Adjusted EBITDA”). The Company also evaluates Adjusted EBITDA as a key compensation measure. The compensation committee of the board of directors determines the annual variable compensation for certain members of the management team based, in part, on Adjusted EBITDA. Adjusted EBITDA is useful when comparing the segment performance over various reporting periods because it removes from the operating results the impact of items that the Company's management believes do not reflect the Company's core operating performance. Adjusted EBITDA should not be considered an alternative to, or more meaningful than, net income (loss) or other measures of financial performance or liquidity derived in accordance with GAAP. Adjusted EBITDA may not be comparable to similarly titled measures of other companies because other entities may not calculate Adjusted EBITDA in the same manner as the Company. The Company's definition of Adjusted EBITDA is generally consistent with the definition of Consolidated EBITDA in the Credit Agreement, with exceptions related to not adjusting for recurring public company costs and foreign currency translation adjustments related to operational activities and adjusting for executive management restructuring costs. The Company defines Adjusted EBITDA as net income (loss) attributable to Intrawest Resorts Holdings, Inc. before interest expense, net (excluding interest income earned from receivables related to IRCG operations), income tax benefit or expense and depreciation and amortization, further adjusted to exclude certain items, including, but not limited to: (i) impairments of goodwill, real estate and long-lived assets; (ii) gains and losses on asset dispositions; (iii) earnings and losses from equity method investments; (iv) gains and losses from remeasurement of equity method investments; (v) gains and losses on extinguishment of debt; (vi) other income or expense; (vii) earnings and losses attributable to noncontrolling interest; (viii) discontinued operations, net of tax; and (ix) other items, which include revenue and expenses of legacy and other non-core operations, restructuring charges and associated severance expenses, non-cash compensation and other items. For purposes of calculating Adjusted EBITDA, the Company also adds back to net income (loss) attributable to Intrawest Resorts Holdings, Inc. the pro rata share of Adjusted EBITDA related to equity method investments included within the segments and removes from Adjusted EBITDA the Adjusted EBITDA attributable to noncontrolling interests for entities consolidated within the segments. Asset information by segment, except for capital expenditures as shown in the table below, is not included in reports used by the CODM in the monitoring of performance and, therefore, is not disclosed. The accounting policies of the segments are the same as those described in Note 2, "Significant Accounting Policies". Transactions among segments are accounted for as if the sales or transfers were to third parties, or, in other words, at current market prices. The following table presents consolidated revenue and net income (loss) reconciled to Adjusted EBITDA and Adjusted EBITDA by segment, (in thousands): Three Months Ended September 30, 2015 2014 Revenue: Mountain Lift (1) $ 4,005 $ 3,287 Lodging 15,319 9,371 Ski School (2) 610 499 Retail and Rental 7,458 6,162 Food and Beverage 9,632 7,367 Other 12,734 9,627 Total Mountain revenue 49,758 36,313 Adventure revenue 24,263 22,614 Real Estate revenue 11,812 15,071 Total segment revenue 85,833 73,998 Legacy, non-core and other revenue (3) 371 375 Total revenue $ 86,204 $ 74,373 Net loss attributable to Intrawest Resorts Holdings, Inc. $ (47,042 ) $ (50,975 ) Legacy and other non-core expenses, net (4) 2,351 982 Other operating expenses (5) 1,151 1,827 Depreciation and amortization 15,042 14,586 (Gain) loss on disposal of assets (689 ) 188 Loss on remeasurement of equity method investment — 1,437 Interest income, net (6) (71 ) (54 ) Interest expense 10,162 10,726 Loss from equity method investments (7) 3,084 2,251 Pro rata share of Adjusted EBITDA related to equity method investments (8), (9) 692 982 Adjusted EBITDA attributable to noncontrolling interest (2,162 ) (1,258 ) Other (income) expense, net (78 ) 305 Income tax expense (benefit) 1,787 (1,986 ) Income attributable to noncontrolling interest 1,619 877 Total Adjusted EBITDA $ (14,154 ) $ (20,112 ) Mountain Adjusted EBITDA (8) $ (20,787 ) $ (23,994 ) Adventure Adjusted EBITDA (10) 4,860 2,135 Real Estate Adjusted EBITDA (11) 1,773 1,747 Total Adjusted EBITDA $ (14,154 ) $ (20,112 ) (1) Lift revenue outside of the ski season is derived from mountain biking and sightseeing lift products. (2) Ski School revenue outside of the ski season is derived from mountain bike instruction at various resorts. (3) Legacy, non-core and other revenue represents legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. It includes legacy real estate asset sales, divested non-core operations, and non-core retail revenue. (4) Legacy and other non-core expenses, net represents revenue and expenses of legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. Revenue and expenses related to legacy and other non-core operations include retail operations not located at the Company’s properties and legacy litigation consisting of claims for damages related to alleged construction defects, purported disclosure violations in real estate marketing sales and documents, and allegations that the Company failed to construct planned amenities. (5) Includes costs related to non-cash compensation, reduction in workforce severance, lease payments pursuant to the lease at Winter Park and other expenses. (6) Includes interest income unrelated to IRCG financing activities. (7) Represents the losses from equity method investments, including: Chateau M.T. Inc., Mammoth Hospitality Management L.L.C., the Mammoth family of resorts, and Blue Mountain prior to the Blue Mountain Acquisition. (8) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investment in Blue Mountain prior to the Blue Mountain Acquisition. The pro rata share of Adjusted EBITDA represents the share of Adjusted EBITDA from the equity method investment based on the Company’s economic ownership percentage. (9) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investments in Mammoth Hospitality Management L.L.C. and Chateau M.T. Inc. The pro rata share of Adjusted EBITDA represents the Company’s share of Adjusted EBITDA from these equity method investments based on the Company's economic ownership percentages. (10) Adventure segment Adjusted EBITDA excludes Adjusted EBITDA attributable to noncontrolling interest. (11) Real Estate segment Adjusted EBITDA includes interest income earned from receivables related to the IRCG operations, in the amount of $0.9 million and $1.1 million for the three months ended September 30, 2015 and 2014 , respectively. Capital Expenditures The following table presents capital expenditures for each segment, reconciled to consolidated amounts for the three months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, 2015 2014 Capital expenditures: Mountain $ 7,630 $ 12,199 Adventure 1,345 1,227 Real Estate 123 87 Total segment capital expenditures 9,098 13,513 Corporate and other 691 1,635 Total capital expenditures $ 9,789 $ 15,148 Geographic Data The Company’s revenue by geographic region for the three months ended September 30, 2015 and 2014 consisted of the following (in thousands): Three Months Ended September 30, 2015 2014 Revenue: United States $ 39,021 $ 36,945 Canada 47,183 37,428 Total revenue $ 86,204 $ 74,373

Significant Accounting Polici17

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2015
Significant Accounting Policies [Abstract]
Basis of Presentation and Use of Estimates	Basis of Presentation and Use of Estimates The accompanying condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the instructions to Form 10-Q and Article 10 of Regulation S-X for interim financial information. Accordingly, these statements do not include all of the information and notes required for complete financial statements prepared in accordance with GAAP. In management's opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. These results of operations for the interim periods presented are not necessarily indicative of the results that may be expected for the full year. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company, its majority-owned subsidiaries and a variable interest entity (“VIE”) for which the Company is the primary beneficiary. All significant intercompany transactions are eliminated in consolidation. Investments in which the Company does not have a controlling interest or is not the primary beneficiary, but over which the Company is able to exercise significant influence, are accounted for under the equity method. Under the equity method, the original cost of the investment is adjusted for the Company’s share of post-acquisition earnings or losses increased by contributions less distributions received. The Company owns a 20.0% equity interest in Alpine Helicopters Inc. (“Alpine Helicopters”). Alpine Helicopters employs all the pilots that fly the helicopters supporting CMH operations. Alpine Helicopters leases 100% of its helicopters from Intrawest ULC, a consolidated subsidiary of the Company, creating economic dependence and therefore giving Intrawest ULC a variable interest in Alpine Helicopters. Alpine Helicopters is a VIE for which the Company is the primary beneficiary and is consolidated in the accompanying condensed consolidated financial statements. The remaining 80.0% equity interest in Alpine Helicopters is held by the employees of Alpine Helicopters and is reflected as a noncontrolling interest in the accompanying condensed consolidated financial statements. As of September 30, 2015 , Alpine Helicopters had total assets of $13.1 million and total liabilities of $7.2 million. On September 19, 2014 (the “Acquisition Date”), the Company acquired the remaining 50.0% equity interest in Blue Mountain that the Company did not already own from Blue Mountain Resorts Holdings Inc., as described in Note 8, “Acquisition”. The accompanying condensed consolidated financial statements reflect the Company's equity method investment in Blue Mountain prior to the Blue Mountain Acquisition and the consolidated results for periods subsequent to the Acquisition Date.
Fair Value of Financial Instruments	Fair Value of Financial Instruments As of September 30, 2015 and June 30, 2015 , the fair value of cash and cash equivalents, restricted cash, net receivables and accounts payable approximated their carrying value based on the short-term nature of these instruments. Estimates of fair value may be affected by assumptions made and, accordingly, are not necessarily indicative of the amounts the Company could realize in a current market exchange. The fair value of the Senior Debt (as defined in Note 5, “Long-Term Debt”) was estimated using quoted prices for the Company's instruments in markets that are not active and was considered a Level 2 measure. The fair value of other debt obligations was estimated based on Level 3 inputs using discounted cash flow analyses based on assumptions that management believes are consistent with market participant assumptions. September 30, 2015 June 30, 2015 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 571,040 $ 590,165 $ 571,745 $ 595,362 Other debt obligations 1,998 1,711 2,096 1,793
Recent Accounting Pronouncements	Recent Accounting Pronouncements In April 2015, the FASB issued ASU 2015-05, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"). This update is intended to reduce diversity in practice by providing explicit guidance to customers about whether a cloud computing arrangement includes a software license. For public business entities, the guidance is effective for annual periods beginning after December 15, 2015, with early adoption permitted. The Company has not yet selected a transition method and is currently in the process of evaluating the impact that ASU 2015-05 will have on its consolidated financial statements and related disclosures. In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis ("ASU 2015-02"). This update (i) amends the criteria for determining which entities are considered VIEs or voting interest entities, (ii) amends the criteria for evaluating fees paid to a decision maker or service provider as a variable interest, (iii) amends the effect of fee arrangements and related parties on the primary beneficiary determination, and (iv) ends the deferral previously granted to certain investment companies for application of the VIE consolidation model. The guidance is effective for public business entities for annual reporting periods beginning after December 15, 2015, with early adoption permitted. The Company is currently in the process of evaluating the impact that ASU 2015-02 will have on its consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”), which requires 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 in GAAP when it becomes effective. The new standard is effective for the Company beginning July 1, 2018. In August 2015, the FASB issued a one-year deferral to the effective date with an option to permit adoption as early as the original effective date of July 1, 2017. The standard permits the use of either the retrospective or cumulative effect transition method. The Company has not yet selected a transition method and it is currently in the process of evaluating the impact that ASU 2014-09 will have on its consolidated financial statements and related disclosures.

Significant Accounting Polici18

Significant Accounting Policies (Tables)	3 Months Ended
	Sep. 30, 2015
Significant Accounting Policies [Abstract]
Carrying Value and Fair Value of Financial Instruments	The fair value of other debt obligations was estimated based on Level 3 inputs using discounted cash flow analyses based on assumptions that management believes are consistent with market participant assumptions. September 30, 2015 June 30, 2015 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 571,040 $ 590,165 $ 571,745 $ 595,362 Other debt obligations 1,998 1,711 2,096 1,793

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Sep. 30, 2015
Earnings (Loss) Per Share [Abstract]
Calculation of Basic and Diluted EPS	The calculation of basic and diluted EPS is presented below (in thousands, except per share data). Three Months Ended September 30, 2015 2014 Basic and Diluted EPS Net loss attributable to Intrawest Resorts Holdings, Inc. $ (47,042 ) $ (50,975 ) Weighted average common shares outstanding 45,230 45,026 $ (1.04 ) $ (1.13 )

Supplementary Balance Sheet I20

Supplementary Balance Sheet Information (Tables)	3 Months Ended
	Sep. 30, 2015
Supplementary Balance Sheet Information [Abstract]
Current Receivables	Current receivables as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Trade receivables $ 29,784 $ 38,786 Loans, mortgages and notes receivable 5,206 5,553 Allowance for doubtful accounts (1,794 ) (1,571 ) Total current receivables $ 33,196 $ 42,768
Other Current Assets	Other current assets as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Inventories $ 40,245 $ 37,242 Capital spares 11,240 11,640 Prepaid insurance 3,475 5,353 Other prepaid expenses and current assets 8,101 6,715 Total other current assets $ 63,061 $ 60,950
Other Long-Term Assets, Net	Other long-term assets, net as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Equity method investments $ 21,996 $ 25,394 Long-term receivables 24,240 26,329 Other long-term assets 3,700 4,497 Allowance for doubtful accounts (878 ) (1,032 ) Total other long-term assets, net $ 49,058 $ 55,188
Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Trade payables $ 66,967 $ 55,835 Accrued liabilities 10,331 11,389 Total accounts payable and accrued liabilities $ 77,298 $ 67,224
Current Deferred Revenue and Deposits	Current deferred revenue and deposits as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Season pass and other deferred revenue $ 61,132 $ 41,566 Lodging and tour deposits 25,936 23,510 Deposits on real estate sales 2,852 2,986 Total current deferred revenue and deposits $ 89,920 $ 68,062
Other Long-Term Liabilities	Other long-term liabilities as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 Pension liability, net of funded assets $ 31,474 $ 33,150 Forgivable government grants 8,102 8,950 Deferred revenue and deposits 8,691 8,909 Other long-term liabilities 18,145 18,021 Total other long-term liabilities $ 66,412 $ 69,030

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Sep. 30, 2015
Long-Term Debt [Abstract]
Long-Term Debt	Long-term debt as of September 30, 2015 and June 30, 2015 consisted of the following (in thousands): Maturity September 30, 2015 Fiscal Year End June 30, 2015 Senior Debt 2020 $ 571,040 $ 571,745 Other debt obligations 2016-2023 1,998 2,096 Total 573,038 573,841 Less: Long-term debt due within one year 6,865 6,919 Total long-term debt $ 566,173 $ 566,922
Long-Term Debt Aggregate Maturities	As of September 30, 2015 , the long-term debt aggregate maturities for the 12 month period ended September 30 of each of the following years are set forth below (in thousands): 2016 $ 6,865 2017 6,307 2018 6,134 2019 6,141 2020 6,149 Thereafter 560,197

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Sep. 30, 2015
Accumulated Other Comprehensive Income [Abstract]
Changes in Accumulated Other Comprehensive Income	The following table presents the changes in AOCI, by component, for the three months ended September 30, 2015 and 2014 (in thousands): Realized portion on cash flow hedge (a) Actuarial loss on pensions (b) Foreign currency translation adjustments Total As of June 30, 2014 $ (3,347 ) $ (14,084 ) $ 215,154 $ 197,723 Amounts reclassified from AOCI 420 202 — 622 Foreign currency translation adjustments (269 ) 453 (18,260 ) (18,076 ) Net current period other comprehensive income (loss) 151 655 (18,260 ) (17,454 ) As of September 30, 2014 $ (3,196 ) $ (13,429 ) $ 196,894 $ 180,269 As of June 30, 2015 $ (1,918 ) $ (11,949 ) $ 159,246 $ 145,379 Amounts reclassified from AOCI 303 186 — 489 Foreign currency translation adjustments (5 ) 535 (22,855 ) (22,325 ) Net current period other comprehensive income (loss) 298 721 (22,855 ) (21,836 ) As of September 30, 2015 $ (1,620 ) $ (11,228 ) $ 136,391 $ 123,543 (a) Amounts reclassified out of AOCI are included in interest expense in the accompanying condensed consolidated statements of operations. (b) Amounts reclassified out of AOCI are included in operating expenses in the accompanying condensed consolidated statements of operations.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Sep. 30, 2015
Commitments and Contingencies [Abstract]
Reimbursable Government Loans and Forgivable Grants	Reimbursable government loans and forgivable grants as of September 30, 2015 and June 30, 2015 in Canadian dollars ("CAD") and U.S. dollar ("USD") equivalent are as follows (in thousands): September 30, 2015 Fiscal Year End June 30, 2015 CAD USD Equivalent CAD USD Equivalent Loans $ 1,237 $ 924 $ 1,237 $ 992 Grants Received 89,298 66,670 89,298 71,587 Future advances 31,421 23,459 31,421 25,189 Total grants $ 120,719 $ 90,129 $ 120,719 $ 96,776

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2015
Segment Information [Abstract]
Consolidated Revenue	Three Months Ended September 30, 2015 2014 Revenue: Mountain Lift (1) $ 4,005 $ 3,287 Lodging 15,319 9,371 Ski School (2) 610 499 Retail and Rental 7,458 6,162 Food and Beverage 9,632 7,367 Other 12,734 9,627 Total Mountain revenue 49,758 36,313 Adventure revenue 24,263 22,614 Real Estate revenue 11,812 15,071 Total segment revenue 85,833 73,998 Legacy, non-core and other revenue (3) 371 375 Total revenue $ 86,204 $ 74,373 (1) Lift revenue outside of the ski season is derived from mountain biking and sightseeing lift products. (2) Ski School revenue outside of the ski season is derived from mountain bike instruction at various resorts. (3) Legacy, non-core and other revenue represents legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. It includes legacy real estate asset sales, divested non-core operations, and non-core retail revenue.
Net Loss Reconciled to Adjusted EBITDA	Net loss attributable to Intrawest Resorts Holdings, Inc. $ (47,042 ) $ (50,975 ) Legacy and other non-core expenses, net (4) 2,351 982 Other operating expenses (5) 1,151 1,827 Depreciation and amortization 15,042 14,586 (Gain) loss on disposal of assets (689 ) 188 Loss on remeasurement of equity method investment — 1,437 Interest income, net (6) (71 ) (54 ) Interest expense 10,162 10,726 Loss from equity method investments (7) 3,084 2,251 Pro rata share of Adjusted EBITDA related to equity method investments (8), (9) 692 982 Adjusted EBITDA attributable to noncontrolling interest (2,162 ) (1,258 ) Other (income) expense, net (78 ) 305 Income tax expense (benefit) 1,787 (1,986 ) Income attributable to noncontrolling interest 1,619 877 Total Adjusted EBITDA $ (14,154 ) $ (20,112 ) Mountain Adjusted EBITDA (8) $ (20,787 ) $ (23,994 ) Adventure Adjusted EBITDA (10) 4,860 2,135 Real Estate Adjusted EBITDA (11) 1,773 1,747 Total Adjusted EBITDA $ (14,154 ) $ (20,112 ) (4) Legacy and other non-core expenses, net represents revenue and expenses of legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. Revenue and expenses related to legacy and other non-core operations include retail operations not located at the Company’s properties and legacy litigation consisting of claims for damages related to alleged construction defects, purported disclosure violations in real estate marketing sales and documents, and allegations that the Company failed to construct planned amenities. (5) Includes costs related to non-cash compensation, reduction in workforce severance, lease payments pursuant to the lease at Winter Park and other expenses. (6) Includes interest income unrelated to IRCG financing activities. (7) Represents the losses from equity method investments, including: Chateau M.T. Inc., Mammoth Hospitality Management L.L.C., the Mammoth family of resorts, and Blue Mountain prior to the Blue Mountain Acquisition. (8) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investment in Blue Mountain prior to the Blue Mountain Acquisition. The pro rata share of Adjusted EBITDA represents the share of Adjusted EBITDA from the equity method investment based on the Company’s economic ownership percentage. (9) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investments in Mammoth Hospitality Management L.L.C. and Chateau M.T. Inc. The pro rata share of Adjusted EBITDA represents the Company’s share of Adjusted EBITDA from these equity method investments based on the Company's economic ownership percentages. (10) Adventure segment Adjusted EBITDA excludes Adjusted EBITDA attributable to noncontrolling interest. (11) Real Estate segment Adjusted EBITDA includes interest income earned from receivables related to the IRCG operations, in the amount of $0.9 million and $1.1 million for the three months ended September 30, 2015 and 2014 , respectively.
Capital Expenditures	The following table presents capital expenditures for each segment, reconciled to consolidated amounts for the three months ended September 30, 2015 and 2014 (in thousands): Three Months Ended September 30, 2015 2014 Capital expenditures: Mountain $ 7,630 $ 12,199 Adventure 1,345 1,227 Real Estate 123 87 Total segment capital expenditures 9,098 13,513 Corporate and other 691 1,635 Total capital expenditures $ 9,789 $ 15,148
Revenue by Geographic Region	The Company’s revenue by geographic region for the three months ended September 30, 2015 and 2014 consisted of the following (in thousands): Three Months Ended September 30, 2015 2014 Revenue: United States $ 39,021 $ 36,945 Canada 47,183 37,428 Total revenue $ 86,204 $ 74,373

Formation and Business (Details

Formation and Business (Details)	3 Months Ended
	Sep. 30, 2015SegmentLodge	Sep. 19, 2014
Formation and Business [Abstract]
Number of segments | Segment	3
Canadian Mountain Holidays [Member]
Formation and Business [Abstract]
Number of lodges	11
Blue Mountain [Member]
Formation and Business [Abstract]
Original ownership interest percentage		50.00%
Percentage of equity interest acquired		50.00%
Mammoth Hospitality Management L.L.C. [Member]
Formation and Business [Abstract]
Ownership interest percentage	50.00%
Chateau M.T. Inc. [Member]
Formation and Business [Abstract]
Economic interest percentage	57.10%

Significant Accounting Polici26

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Sep. 19, 2014
Alpine Helicopters [Member]
Principles of Consolidation [Abstract]
Ownership interest in VIE	20.00%
Percentage of helicopters leased from consolidated subsidiary	100.00%
Noncontrolling interest held by employees	80.00%
Total assets	$ 13,100
Total liabilities	7,200
Carrying Value [Member] | Senior Debt [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	571,040	$ 571,745
Carrying Value [Member] | Other Debt Obligations [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	1,998	2,096
Fair Value [Member] | Senior Debt [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	590,165	595,362
Fair Value [Member] | Other Debt Obligations [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	$ 1,711	$ 1,793
Blue Mountain [Member]
Principles of Consolidation [Abstract]
Percentage of equity interest acquired			50.00%

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings (Loss) Per Share [Abstract]
Anti-dilutive stock awards not included in calculation of EPS (in shares)	1,100	100
Basic and Diluted EPS [Abstract]
Net loss attributable to Intrawest Resorts Holdings, Inc.	$ (47,042)	$ (50,975)
Weighted average common shares outstanding (in shares)	45,230	45,026
Basic and diluted (in dollars per share)	$ (1.04)	$ (1.13)

Supplementary Balance Sheet I28

Supplementary Balance Sheet Information, Current Receivables (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current Receivables [Abstract]
Trade receivables	$ 29,784	$ 38,786
Loans, mortgages and notes receivable	5,206	5,553
Allowance for doubtful accounts	(1,794)	(1,571)
Total current receivables	$ 33,196	$ 42,768

Supplementary Balance Sheet I29

Supplementary Balance Sheet Information, Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Other Current Assets [Abstract]
Inventories	$ 40,245	$ 37,242
Capital spares	11,240	11,640
Prepaid insurance	3,475	5,353
Other prepaid expenses and current assets	8,101	6,715
Total other current assets	$ 63,061	$ 60,950

Supplementary Balance Sheet I30

Supplementary Balance Sheet Information, Other Long-Term Assets, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Other Long-Term Assets, Net [Abstract]
Equity method investments	$ 21,996	$ 25,394
Long-term receivables	24,240	26,329
Other long-term assets	3,700	4,497
Allowance for doubtful accounts	(878)	(1,032)
Total other long-term assets, net	$ 49,058	$ 55,188

Supplementary Balance Sheet I31

Supplementary Balance Sheet Information, Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 66,967	$ 55,835
Accrued liabilities	10,331	11,389
Total accounts payable and accrued liabilities	$ 77,298	$ 67,224

Supplementary Balance Sheet I32

Supplementary Balance Sheet Information, Current Deferred Revenue and Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Current Deferred Revenue and Deposits [Abstract]
Season pass and other deferred revenue	$ 61,132	$ 41,566
Lodging and tour deposits	25,936	23,510
Deposits on real estate sales	2,852	2,986
Total current deferred revenue and deposits	$ 89,920	$ 68,062

Supplementary Balance Sheet I33

Supplementary Balance Sheet Information, Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015
Other Long-Term Liabilities [Abstract]
Pension liability, net of funded assets	$ 31,474	$ 33,150
Forgivable government grants	8,102	8,950
Deferred revenue and deposits	8,691	8,909
Other long-term liabilities	18,145	18,021
Total other long-term liabilities	$ 66,412	$ 69,030

Long-Term Debt, Long-Term Debt

Long-Term Debt, Long-Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Jun. 30, 2015
Long-Term Debt [Abstract]
Long-term debt	$ 573,038	$ 573,841
Less: Long-term debt due within one year	6,865	6,919
Total long-term debt	$ 566,173	566,922
Senior Debt [Member]
Long-Term Debt [Abstract]
Maturity	2,020
Long-term debt	$ 571,040	571,745
Other Debt Obligations [Member]
Long-Term Debt [Abstract]
Long-term debt	$ 1,998	$ 2,096
Other Debt Obligations [Member] | Minimum [Member]
Long-Term Debt [Abstract]
Maturity	2,016
Other Debt Obligations [Member] | Maximum [Member]
Long-Term Debt [Abstract]
Maturity	2,023

Long-Term Debt, Senior Debt and

Long-Term Debt, Senior Debt and Other Obligations (Details) $ in Millions	Sep. 19, 2014USD ($)	Sep. 30, 2015USD ($)Subsidiary	Jun. 30, 2015USD ($)	Dec. 31, 2013USD ($)
Senior Debt [Abstract]
Unamortized debt issuance costs		$ 14.6	$ 15.2
Letters of credit outstanding		43.1	45.4
Credit Agreement [Member]
Senior Debt [Abstract]
Debt issuance costs		$ 19.7
Credit Agreement [Member] | Term Loan [Member]
Senior Debt [Abstract]
Number of subsidiaries listed as borrower on the agreement | Subsidiary		1
Term loan				$ 540
Additional borrowing capacity	$ 40
Maturity date		Dec. 9, 2020
Frequency of principal payments		Quarterly
Principal payments		$ 1.5
Margin rate		3.75%
Original issue discount percentage		0.90%
Original issue discount		$ 5.5
Unamortized original issue discount		$ 4.2	4.3
Credit Agreement [Member] | Term Loan [Member] | LIBOR [Member]
Senior Debt [Abstract]
Interest rate floor		1.00%
Credit Agreement [Member] | Revolving Loan Facility [Member]
Senior Debt [Abstract]
Maximum borrowing capacity				25
Maturity date		Dec. 9, 2018
Margin rate		3.75%
Percentage of amount outstanding required to comply with total secured debt leverage ratio		30.00%
Commitment fee		0.375%
Borrowings outstanding		$ 0	0
Credit Agreement [Member] | Letters of Credit Facility [Member]
Senior Debt [Abstract]
Maximum borrowing capacity				$ 55
Maturity date		Dec. 9, 2018
Margin rate		4.50%
Fronting fees		0.25%
Commitment fee		0.375%
Percentage of unutilized commitments charged fronting fees and commitment fee		15.00%
Letters of credit outstanding		$ 43.1	$ 45.4
Incremental Amendment [Member] | Term Loan [Member]
Senior Debt [Abstract]
Proceeds from incremental borrowings	$ 60
Other Debt Obligations [Member]
Other Debt Obligations [Abstract]
Weighted average interest rate		5.60%

Long-Term Debt, Maturities (Det

Long-Term Debt, Maturities (Details) $ in Thousands	Sep. 30, 2015USD ($)
Long-Term Debt Aggregate Maturities [Abstract]
2,016	$ 6,865
2,017	6,307
2,018	6,134
2,019	6,141
2,020	6,149
Thereafter	$ 560,197

Long-Term Debt, Interest Expens

Long-Term Debt, Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Oct. 11, 2008
Interest Expense [Abstract]
Interest expense	$ 10.2	$ 10.7
Amortization of deferred financing costs	0.8	0.8
Interest Rate Swap [Member]
Interest Expense [Abstract]
Fair value of swap contracts	1.6		$ 111.4
Deferred losses to be amortized from AOCI into interest expense in the next 12 months	1.1
Interest Rate Swap [Member] | Interest Expense, Net [Member]
Interest Expense [Abstract]
Deferred losses amortized from AOCI into interest expense	$ 0.3	$ 0.4

Accumulated Other Comprehensi38

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2015	Sep. 30, 2014
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance		$ 276,227
Ending balance		208,256
Other comprehensive (loss) income, tax		0	$ 0
Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance		145,379	197,723
Amounts reclassified from AOCI		489	622
Foreign currency translation adjustments		(22,325)	(18,076)
Net current period other comprehensive income (loss)		(21,836)	(17,454)
Ending balance		123,543	180,269
Realized Portion on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance		(1,918)	(3,347)
Amounts reclassified from AOCI	[1]	303	420
Foreign currency translation adjustments		(5)	(269)
Net current period other comprehensive income (loss)		298	151
Ending balance		(1,620)	(3,196)
Other comprehensive (loss) income, tax		0
Actuarial Loss on Pensions [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance		(11,949)	(14,084)
Amounts reclassified from AOCI	[2]	186	202
Foreign currency translation adjustments		535	453
Net current period other comprehensive income (loss)		721	655
Ending balance		(11,228)	(13,429)
Other comprehensive (loss) income, tax		0
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance		159,246	215,154
Amounts reclassified from AOCI		0	0
Foreign currency translation adjustments		(22,855)	(18,260)
Net current period other comprehensive income (loss)		(22,855)	(18,260)
Ending balance		$ 136,391	$ 196,894
[1]	Amounts reclassified out of AOCI are included in interest expense in the accompanying condensed consolidated statements of operations.
[2]	Amounts reclassified out of AOCI are included in operating expenses in the accompanying condensed consolidated statements of operations.

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Abstract]
Income tax expense (benefit)	$ 1,787	$ (1,986)
Effective tax rate	(4.10%)	3.80%
Tax expense related to taxable Canadian helicopter operations		$ 1,100
One-time tax benefit due to restructuring		$ (3,100)
Federal blended statutory rate	32.90%	31.80%

Acquisition (Details)

Acquisition (Details) - USD ($) $ in Thousands	Sep. 19, 2014	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2015
Consideration Transferred [Abstract]
Loss on remeasurement of equity method investment		$ 0	$ (1,437)
Assets Acquired [Abstract]
Goodwill		$ 105,654		$ 106,469
Blue Mountain [Member]
Blue Mountain Acquisition [Abstract]
Percentage of equity interest acquired	50.00%
Consideration Transferred [Abstract]
Total consideration transferred	$ 109,600
Cash paid for purchase price	54,800
Fair value of previously held equity interest on date of acquisition	54,800
Loss on remeasurement of equity method investment			$ (1,500)
Assets Acquired [Abstract]
Property, plant and equipment	85,800
Cash and cash equivalents	13,300
Intangibles	8,700
Goodwill	13,200
Liabilities Assumed [Abstract]
Accounts payable and accrued liabilities	13,800
Goodwill deductible for tax purposes	$ 0

Commitments and Contingencies41

Commitments and Contingencies (Details) CAD in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2015USD ($)Plan	Sep. 30, 2014USD ($)	Sep. 30, 2015CAD	Jun. 30, 2015USD ($)	Jun. 30, 2015CAD
Letters of Credit [Abstract]
Letters of credit outstanding	$ 43,100			$ 45,400
Number of closed noncontributory defined benefit pension plans | Plan	3
Government Grants and Loans [Abstract]
Weighted average borrowing rate of government loans	6.10%		6.10%
Loans	$ 924		CAD 1,237	992	CAD 1,237
Grants - Received	66,670		89,298	71,587	89,298
Grants - Future advances	23,459		31,421	25,189	31,421
Total grants	$ 90,129		CAD 120,719	$ 96,776	CAD 120,719
Capital Leases [Abstract]
Weighted average remaining term	36 years
Weighted average interest rate	10.00%
Other [Abstract]
Percentage of defined gross revenue	2.00%
Payments for forestry licenses and land leases	$ 100	$ 100

Segment Information, Revenue fo

Segment Information, Revenue for Reportable Segments (Details) $ in Thousands		3 Months Ended
		Sep. 30, 2015USD ($)Segment	Sep. 30, 2014USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment		3
Revenue [Abstract]
Revenue		$ 86,204	$ 74,373
Reportable Segment [Member]
Revenue [Abstract]
Revenue		85,833	73,998
Reportable Segment [Member] | Mountain [Member]
Revenue [Abstract]
Revenue		49,758	36,313
Reportable Segment [Member] | Mountain [Member] | Lift [Member]
Revenue [Abstract]
Revenue	[1]	4,005	3,287
Reportable Segment [Member] | Mountain [Member] | Lodging [Member]
Revenue [Abstract]
Revenue		15,319	9,371
Reportable Segment [Member] | Mountain [Member] | Ski School [Member]
Revenue [Abstract]
Revenue	[2]	610	499
Reportable Segment [Member] | Mountain [Member] | Retail and Rental [Member]
Revenue [Abstract]
Revenue		7,458	6,162
Reportable Segment [Member] | Mountain [Member] | Food and Beverage [Member]
Revenue [Abstract]
Revenue		9,632	7,367
Reportable Segment [Member] | Mountain [Member] | Other [Member]
Revenue [Abstract]
Revenue		12,734	9,627
Reportable Segment [Member] | Adventure [Member]
Revenue [Abstract]
Revenue		24,263	22,614
Reportable Segment [Member] | Real Estate [Member]
Revenue [Abstract]
Revenue		11,812	15,071
Legacy, non-core and other revenue [Member]
Revenue [Abstract]
Revenue	[3]	$ 371	$ 375
[1]	Lift revenue outside of the ski season is derived from mountain biking and sightseeing lift products.
[2]	Ski School revenue outside of the ski season is derived from mountain bike instruction at various resorts.
[3]	Legacy, non-core and other revenue represents legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. It includes legacy real estate asset sales, divested non-core operations, and non-core retail revenue.

Segment Information, Net Loss R

Segment Information, Net Loss Reconciled to Adjusted EBITDA (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2015	Sep. 30, 2014
Segment Information [Abstract]
Net loss attributable to Intrawest Resorts Holdings, Inc.		$ (47,042)	$ (50,975)
Depreciation and amortization		15,042	14,586
(Gain) loss on disposal of assets		(689)	188
Loss on remeasurement of equity method investment		0	1,437
Loss from equity method investments		3,084	2,251
Other (income) expense, net		(78)	305
Income tax expense (benefit)		1,787	(1,986)
Income attributable to noncontrolling interest		1,619	877
Total Adjusted EBITDA		(14,154)	(20,112)
Reportable Segment [Member] | Mountain [Member]
Segment Information [Abstract]
Total Adjusted EBITDA	[1]	(20,787)	(23,994)
Reportable Segment [Member] | Adventure [Member]
Segment Information [Abstract]
Total Adjusted EBITDA	[2]	4,860	2,135
Reportable Segment [Member] | Real Estate [Member]
Segment Information [Abstract]
Total Adjusted EBITDA	[3]	1,773	1,747
Reportable Segment [Member] | Real Estate [Member] | IRCG Operations [Member]
Segment Information [Abstract]
Interest income, net		900	1,100
Reconciling Item [Member]
Segment Information [Abstract]
Legacy and other non-core expenses, net	[4]	2,351	982
Other operating expenses	[5]	1,151	1,827
Depreciation and amortization		15,042	14,586
(Gain) loss on disposal of assets		(689)	188
Loss on remeasurement of equity method investment		0	1,437
Interest income, net	[6]	(71)	(54)
Interest expense		10,162	10,726
Loss from equity method investments	[7]	3,084	2,251
Pro rata share of Adjusted EBITDA related to equity method investments	[1],[8]	692	982
Adjusted EBITDA attributable to noncontrolling interest		(2,162)	(1,258)
Other (income) expense, net		(78)	305
Income tax expense (benefit)		1,787	(1,986)
Income attributable to noncontrolling interest		$ 1,619	$ 877
[1]	Includes the Company's pro rata share of Adjusted EBITDA from its equity method investment in Blue Mountain prior to the Blue Mountain Acquisition. The pro rata share of Adjusted EBITDA represents the share of Adjusted EBITDA from the equity method investment based on the Company's economic ownership percentage.
[2]	Adventure segment Adjusted EBITDA excludes Adjusted EBITDA attributable to noncontrolling interest.
[3]	Real Estate segment Adjusted EBITDA includes interest income earned from receivables related to the IRCG operations, in the amount of $0.9 million and $1.1 million for the three months ended September 30, 2015 and 2014, respectively.
[4]	Legacy and other non-core expenses, net represents revenue and expenses of legacy and other non-core operations that are not reviewed regularly by the CODM to assess performance and make decisions regarding the allocation of resources. Revenue and expenses related to legacy and other non-core operations include retail operations not located at the Company's properties and legacy litigation consisting of claims for damages related to alleged construction defects, purported disclosure violations in real estate marketing sales and documents, and allegations that the Company failed to construct planned amenities.
[5]	Includes costs related to non-cash compensation, reduction in workforce severance, lease payments pursuant to the lease at Winter Park and other expenses.
[6]	Includes interest income unrelated to IRCG financing activities.
[7]	Represents the losses from equity method investments, including: Chateau M.T. Inc., Mammoth Hospitality Management L.L.C., the Mammoth family of resorts, and Blue Mountain prior to the Blue Mountain Acquisition.
[8]	Includes the Company's pro rata share of Adjusted EBITDA from its equity method investments in Mammoth Hospitality Management L.L.C. and Chateau M.T. Inc. The pro rata share of Adjusted EBITDA represents the Company's share of Adjusted EBITDA from these equity method investments based on the Company's economic ownership percentages.

Segment Information, Capital Ex

Segment Information, Capital Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Capital Expenditures [Abstract]
Total capital expenditures	$ 9,789	$ 15,148
Reportable Segment [Member]
Capital Expenditures [Abstract]
Total capital expenditures	9,098	13,513
Reportable Segment [Member] | Mountain [Member]
Capital Expenditures [Abstract]
Total capital expenditures	7,630	12,199
Reportable Segment [Member] | Adventure [Member]
Capital Expenditures [Abstract]
Total capital expenditures	1,345	1,227
Reportable Segment [Member] | Real Estate [Member]
Capital Expenditures [Abstract]
Total capital expenditures	123	87
Corporate and Other [Member]
Capital Expenditures [Abstract]
Total capital expenditures	$ 691	$ 1,635

Segment Information, Geographic

Segment Information, Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Geographical Data [Abstract]
Revenue	$ 86,204	$ 74,373
Reportable Geographical Component [Member] | United States [Member]
Geographical Data [Abstract]
Revenue	39,021	36,945
Reportable Geographical Component [Member] | Canada [Member]
Geographical Data [Abstract]
Revenue	$ 47,183	$ 37,428