Snowflake Inactive 10-Q2 Feb 172017 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Dec. 31, 2016	Jan. 30, 2017
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		39,775,887
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Cash and cash equivalents	$ 131,321	$ 107,066
Restricted cash	23,799	12,475
Receivables, net of allowances of $825 and $831	26,046	36,660
Inventories	30,861	23,620
Other current assets	24,516	21,081
Total current assets	236,543	200,902
Property, plant and equipment, net of accumulated depreciation of $455,447 and $438,991	511,559	511,486
Real estate held for development	135,773	137,283
Intangible assets, net of accumulated amortization of $64,759 and $63,304	46,908	50,226
Goodwill	105,627	105,981
Other long-term assets, net of accumulated amortization of $1,399 and $1,560	33,110	31,927
Total assets	1,069,520	1,037,805
Current liabilities:
Accounts payable and accrued liabilities	80,271	64,869
Deferred revenue and deposits	155,119	67,937
Capital lease obligations due within one year	3,331	3,345
Long-term debt due within one year	2,349	497
Total current liabilities	241,070	136,648
Long-term capital lease obligations	34,496	35,061
Long-term debt	536,802	537,295
Other long-term liabilities	66,614	68,766
Total liabilities	878,982	777,770
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.01 par value; 300,000 shares authorized; 0 and 0 shares issued and outstanding, respectively	0	0
Common stock, $0.01 par value; 2,000,000 shares authorized; 39,762 and 39,736 shares issued and outstanding, respectively	453	453
Treasury stock, at cost; 5,556 shares and 5,556 shares, respectively	(50,643)	(50,643)
Additional paid-in capital	2,902,348	2,900,696
Accumulated deficit	(2,789,175)	(2,726,074)
Accumulated other comprehensive income	124,740	131,920
Total Intrawest Resorts Holdings, Inc. stockholders' equity	187,723	256,352
Noncontrolling interest	2,815	3,683
Total stockholders' equity	190,538	260,035
Total liabilities and stockholders' equity	$ 1,069,520	$ 1,037,805

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Current assets:
Receivables, allowance	$ 825	$ 831
Property, plant and equipment, accumulated depreciation	455,447	438,991
Intangible assets, accumulated amortization	64,759	63,304
Other long term assets, accumulated amortization	$ 1,399	$ 1,560
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)	39,762	39,736
Common stock, shares outstanding (in shares)	39,762	39,736
Treasury stock (in shares)	5,556	5,556

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Statements of Operations
Revenue	$ 121,161	$ 103,951	$ 201,641	$ 190,155
Operating expenses	119,916	117,074	217,984	220,322
Depreciation and amortization	14,220	14,496	29,390	29,538
Loss (gain) on disposal of assets	1,480	(1,638)	1,139	(2,327)
Loss from operations	(14,455)	(25,981)	(46,872)	(57,378)
Interest expense, net	(9,009)	(9,384)	(18,847)	(18,618)
Earnings (loss) from equity method investments	4,175	1,702	2,787	(1,382)
Loss on extinguishment of debt	(820)	0	(820)	0
Other (expense) income, net	(256)	5,131	218	5,210
Loss before income taxes	(20,365)	(28,532)	(63,534)	(72,168)
Income tax (benefit) expense	(623)	(519)	317	1,268
Net loss	(19,742)	(28,013)	(63,851)	(73,436)
(Loss) income attributable to noncontrolling interest	(1,037)	(708)	(750)	912
Net loss attributable to Intrawest Resorts Holdings, Inc.	$ (18,705)	$ (27,305)	$ (63,101)	$ (74,348)
Weighted average shares of common stock outstanding:
Basic and diluted (in shares)	39,762	45,230	39,762	45,230
Net loss attributable to Intrawest Resorts Holdings, Inc. per share:
Basic and diluted (in dollars per share)	$ (0.47)	$ (0.60)	$ (1.59)	$ (1.64)
Statements of Comprehensive Income (Loss)
Net loss	$ (19,742)	$ (28,013)	$ (63,851)	$ (73,436)
(Loss) income attributable to noncontrolling interest	(1,037)	(708)	(750)	912
Net loss attributable to Intrawest Resorts Holdings, Inc.	(18,705)	(27,305)	(63,101)	(74,348)
Other comprehensive loss, net of tax of $0	(5,480)	(8,379)	(7,298)	(30,371)
Other comprehensive loss attributable to noncontrolling interest	(86)	(59)	(118)	(215)
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.	(5,394)	(8,320)	(7,180)	(30,156)
Comprehensive loss, net of tax of $0	(25,222)	(36,392)	(71,149)	(103,807)
Comprehensive (loss) income attributable to noncontrolling interest	(1,123)	(767)	(868)	697
Comprehensive loss attributable to Intrawest Resorts Holdings, Inc., net of tax	$ (24,099)	$ (35,625)	$ (70,281)	$ (104,504)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Statements of Comprehensive Income (Loss)
Other comprehensive loss, tax	$ 0	$ 0	$ 0	$ 0
Comprehensive loss, tax	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Operating activities:
Net loss	$ (63,851)	$ (73,436)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	29,390	29,538
Funding of pension plans	(2,250)	(2,207)
Dividend from equity method investments	2,000	1,000
Loss on extinguishment of debt	820	0
Other non-cash expense, net	3,038	3,824
Changes in assets and liabilities
Inventories	(7,777)	(10,072)
Restricted cash	(11,379)	(4,154)
Receivables	9,946	4,813
Accounts payable and accrued liabilities	13,771	21,262
Deferred revenue and deposits	88,507	77,115
Other assets and liabilities, net	(1,946)	(3,362)
Net cash provided by operating activities	60,269	44,321
Investing activities:
Capital expenditures	(31,904)	(32,531)
Other investing activities, net	600	2,244
Net cash used in investing activities	(31,304)	(30,287)
Financing activities:
Repayments of bank and other borrowings	(3,115)	(4,892)
Financing costs paid	(275)	0
Net cash used in financing activities	(3,390)	(4,892)
Effect of exchange rate changes on cash	(1,320)	(4,749)
Increase in cash and cash equivalents	24,255	4,393
Cash and cash equivalents, beginning of period	107,066	90,580
Cash and cash equivalents, end of period	131,321	94,973
Supplemental information:
Cash paid for interest	15,479	15,735
Cash paid for income tax	1,062	968
Non-cash investing and financing activities:
Property, plant and equipment received but not paid	3,270	7,355
Addition in property, plant and equipment financed by capital lease obligations	$ 423	$ 0

Formation and Business

Formation and Business	6 Months Ended
Formation and Business	Dec. 31, 2016
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 resort and lodging operations at Steamboat Ski & Resort (“Steamboat”) and Winter Park Resort (“Winter Park”) in Colorado, Stratton Mountain Resort (“Stratton”) in Vermont, Snowshoe Mountain Resort (“Snowshoe”) in West Virginia, Mont Tremblant Resort (“Tremblant”) in Quebec, and Blue Mountain Ski Resort (“Blue Mountain”) in Ontario. 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 from 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 primarily 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 Intrawest Hospitality Management, Inc. (“IHM”), which principally manages condominium hotel properties including Honua Kai Resort and Spa in Maui, Hawaii and the Westin Monache Resort in Mammoth Lakes, California, Playground, a residential real estate sales and marketing business, the Company’s 50.0% interest in Mammoth Hospitality Management, L.L.C. ("MHM"), the Company's 57.1% economic interest in Chateau M.T. Inc. ("Chateau"), and formerly included Intrawest Resort Club Group ("IRCG"), a vacation club business, which was sold on January 29, 2016 ("the Disposition Date"). The Real Estate segment is also comprised of real estate development activities and includes costs associated with these activities, such as planning activities and land carrying costs.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
Significant Accounting Policies	Dec. 31, 2016
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation and Use of Estimates The accompanying condensed consolidated financial statements were 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, the financial 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. As of July 1, 2016, the Company reassessed all non-wholly owned subsidiaries in accordance with the new guidance issued in Accounting Standards Update (“ASU”) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”) and determined that no changes to consolidation methods were needed. 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's operations. Alpine Helicopters leases substantially all 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 December 31, 2016 , Alpine Helicopters had total assets of $8.8 million and total liabilities of $3.5 million . On January 29, 2016, the Company sold substantially all of the assets used in the operations of IRCG and all of the equity interests in certain wholly-owned subsidiaries of IRCG to Diamond Resorts Corporation and Diamond Resorts International, Inc. (together with Diamond Resorts Corporation, “Diamond”), as described in Note 3, “Dispositions” (the "IRCG Transaction"). In accordance with applicable accounting guidance, the disposal did not qualify for discontinued operations presentation and, therefore, the accompanying condensed consolidated statements of operations and comprehensive income (loss) reflect the consolidation of the results of IRCG in the prior fiscal year. Prior to the Deposition Date, IRCG was a part of the Real Estate segment. Fair Value of Financial Instruments As of December 31, 2016 and June 30, 2016 , 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 6, “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. December 31, 2016 June 30, 2016 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 553,333 $ 560,769 $ 554,480 $ 555,173 Other debt obligations 1,106 924 1,172 971 Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No.2017-01, Business Combinations (Topic 805) ("ASU 2017-01"). This update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets of businesses. ASU 2017-01 is effective for interim and annual periods beginning after December 15, 2017 on a prospective basis. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18") . This update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This update is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted, including adoption in an interim period. The Company intends to adopt this guidance on July 1, 2018. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This update replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This update is effective for interim and annual periods beginning after December 15, 2019, with a modified-retrospective approach. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). This update is part of the FASB's simplification initiative and is intended to simplify accounting for stock-based compensation. The guidance requires that excess tax benefits or deficiencies be recognized in income tax expense or benefit in the income statement, rather than recognized in additional paid-in capital. The guidance allows the Company to elect whether to recognize forfeitures as they occur or use an estimated forfeiture assumption in estimating the number of awards that are expected to vest. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance prospectively for the year beginning on July 1, 2016. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02") . ASU 2016-02 supersedes existing guidance in Leases (Topic 840) . The revised standard requires lessees to recognize the assets and liabilities arising from leases with lease terms greater than twelve months on the balance sheet, including those currently classified as operating leases, and to disclose key information about leasing arrangements. Lessees will be required to recognize a lease liability and a right-of-use asset on their balance sheets, while lessor accounting will remain largely unchanged. The guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements and related disclosures. While we are continuing to evaluate the standard, we currently believe the most significant impact will relate to our accounting for operating leases and that our capital leases will remain substantially unchanged under the new standard. In April 2015, the FASB issued ASU No. 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 adopted ASU 2015-05 as of July 1, 2016 and will apply the guidance prospectively for all arrangements entered into or materially modified after July 1, 2016. There was no impact to the Company's condensed consolidated financial statements upon the adoption. In February 2015, the FASB issued ASU No. 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 adopted this guidance for the year beginning on July 1, 2016. With the adoption the Company reassessed all non-wholly owned subsidiaries and determined that no changes to consolidation methods were needed. In May 2014, the FASB issued ASU No. 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. In August 2015, the FASB issued an accounting standards update that defers the effective date of the new revenue recognition guidance for one year, to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted for periods beginning after December 15, 2016. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing ("ASU 2016-10"), which clarifies the identification of performance obligations and the licensing implementation guidance in Topic 606. In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients ("ASU 2016-12"), which clarifies the guidance in Topic 606 on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition. In December 2016, the FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers ("ASU 2016-20"), which provides technical corrections and improvements to clarify Topic 606 or to correct unintended application of Topic 606. These accounting standard updates have the same effective date as the original standard. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is planning to adopt the standard on July 1, 2018. The Company is currently in the assessment phase to evaluate the impact this standard will have on our financial results, systems, processes and internal controls and based on that assessment will then determine the transition approach to use and the full impact of adoption.

Dispositions

Dispositions	6 Months Ended
Dispositions	Dec. 31, 2016
Dispositions [Abstract]
Dispositions	3. Dispositions On November 24, 2015, the Company, through its wholly owned indirect subsidiaries, Intrawest U.S. Holdings, Inc. and Intrawest ULC, entered into a definitive agreement to sell IRCG, its vacation club business, to Diamond for gross proceeds of $84.6 million , which included certain purchase price adjustments . The purchase price consisted of cash consideration and the assumption of certain liabilities, including certain lease obligations and certain other continuing contractual obligations. Upon closing the IRCG Transaction on January 29, 2016, Diamond acquired substantially all of the assets used in the operations of IRCG and all of the equity interests in certain wholly-owned subsidiaries of the Company. The IRCG Transaction resulted in a pre-tax gain of $40.4 million , which was included in the gain on sale of IRCG line item in the consolidated statement of operations accompanying the Company's Annual Report on Form 10-K for the year ended June 30, 2016 filed with the SEC on September 8, 2016 , as amended by our Amendment to the Annual Report on Form 10-K/A filed with the SEC on November 3, 2016 . Due to the Company's net operating losses for tax purposes in the United States and Canada, there were no cash taxes or any impact on the effective tax rate, due to the Company's valuation allowance, as a result of the IRCG Transaction.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	6 Months Ended
Earnings (Loss) Per Share	Dec. 31, 2016
Earnings (Loss) Per Share [Abstract]
Earnings (Loss) Per Share	4. 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 the three months ended December 31, 2016 and 2015 , the effect of 0.9 million and 1.5 million share based payment awards, respectively, was not included in the calculation of diluted EPS as the effect would be anti-dilutive. Due to the Company's reported net loss for the six months ended December 31, 2016 and 2015 , the effect of 0.7 million and 1.3 million share based payment awards, respectively, was not included in the calculation of diluted 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 December 31, Six Months Ended December 31, 2016 2015 2016 2015 Basic and Diluted EPS Net loss attributable to Intrawest Resorts Holdings, Inc. $ (18,705 ) $ (27,305 ) $ (63,101 ) $ (74,348 ) Weighted average common shares outstanding 39,762 45,230 39,762 45,230 Basic and diluted EPS $ (0.47 ) $ (0.60 ) $ (1.59 ) $ (1.64 )

Supplementary Balance Sheet Inf

Supplementary Balance Sheet Information	6 Months Ended
Supplementary Balance Sheet Information	Dec. 31, 2016
Supplementary Balance Sheet Information [Abstract]
Supplementary Balance Sheet Information	5. Supplementary Balance Sheet Information Current receivables, net Current receivables as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Trade receivables $ 26,857 $ 37,441 Loans, mortgages and notes receivable 14 50 Allowance for doubtful accounts (825 ) (831 ) Total current receivables, net $ 26,046 $ 36,660 Other current assets Other current assets as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Capital spares $ 12,452 $ 11,628 Prepaid insurance 4,100 4,813 Other prepaid expenses and current assets 7,964 4,640 Total other current assets $ 24,516 $ 21,081 Other long-term assets, net Other long-term assets, net as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Equity method investments $ 27,003 $ 26,398 Long-term receivables 1,460 1,541 Other long-term assets 4,647 3,988 Total other long-term assets, net $ 33,110 $ 31,927 Accounts payable and accrued liabilities Accounts payable and accrued liabilities as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Trade payables $ 72,944 $ 48,353 Accrued liabilities 7,327 16,516 Total accounts payable and accrued liabilities $ 80,271 $ 64,869 Current deferred revenue and deposits Current deferred revenue and deposits as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Season pass and other deferred revenue $ 95,824 $ 42,343 Lodging and tour deposits 59,251 25,548 Deposits on real estate sales 44 46 Total current deferred revenue and deposits $ 155,119 $ 67,937 Other long-term liabilities Other long-term liabilities as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Pension liability, net of funded assets $ 31,465 $ 33,550 Forgivable government grants 8,599 7,719 Deferred revenue and deposits 7,796 8,106 Other long-term liabilities 18,754 19,391 Total other long-term liabilities $ 66,614 $ 68,766

Debt

Debt	6 Months Ended
Debt	Dec. 31, 2016
Debt [Abstract]
Debt	6. Debt The Company's total borrowings as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): Maturity December 31, 2016 Fiscal Year End June 30, 2016 Senior Debt 2020 $ 553,333 $ 554,480 Other debt obligations 2017-2023 1,106 1,172 Less: unamortized original issue discount ("OID") and debt issuance costs (15,288 ) (17,860 ) Total 539,151 537,792 Less: Long-term debt due within one year 2,349 497 Total long-term debt $ 536,802 $ 537,295 Senior Debt The Company’s credit agreement, dated as of December 9, 2013 (as amended, the “Credit Agreement”), provides 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, and continues to have the ability to increase the borrowings on the Term Loan under certain circumstances and subject to certain criteria; so long as, after giving effect to any additional amounts borrowed, the Company remains compliant with all covenants contained in the Credit Agreement. There were $39.8 million and $42.8 million of irrevocable standby letters of credit outstanding under the LC Facility at December 31, 2016 and June 30, 2016 , respectively. There were no outstanding borrowings under the Revolver or draws on our outstanding letters of credit under the LC facility as of December 31, 2016 and June 30, 2016 . On December 30, 2016, the Company executed the sixth amendment to the Credit Agreement, which primarily served to appoint Bank of America, N.A. as the Company's administrative agent. 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 5.3% for the six months ended December 31, 2016 . Maturities Current maturities represent principal payments due in the next 12 months. As of December 31, 2016 , the long-term debt aggregate maturities for the 12 month periods ending December 31, for each of the following years are set forth below (in thousands): 2017 $ 2,349 2018 6,136 2019 6,143 2020 539,431 2021 156 Thereafter 224 $ 554,439 Interest Expense The Term Loan bears interest based upon the LIBOR-based rate subject to a LIBOR floor of 1.00%. On October 14, 2016, certain of the subsidiaries of the Company, that guarantee the Senior Debt, entered into the fifth amendment (the “Fifth Amendment”) to the Credit Agreement. The Fifth Amendment decreased the applicable margin for base rate loans and Eurodollar rate loans under the Term Loan from 3.00% to 2.50% and from 4.00% to 3.50%, respectively. Additionally, the Fifth Amendment decreased the applicable margin for base rate loans and Eurodollar rate loans under the Revolver. The applicable margin for base rate loans under the Revolver decreased from 2.75% to 2.50%, if the total secured debt leverage ratio is greater than or equal to 4.50:1.00, and from 2.50% to 2.25% if the total secured debt leverage ratio is less than 4.50:1.00. The applicable margin for Eurodollar rate loans under the Revolver decreased from 3.75% to 3.50%, if the total secured debt leverage ratio is greater than or equal to 4.50:1.00, and from 3.50% to 3.25% if the total secured debt leverage ratio is less than 4.50:1.00. As of December 31, 2016 , the applicable margin was 3.50% under the Term Loan, 3.25% under the Revolver and 4.50% under the LC Facility. The Company recorded interest expense of $9.1 million and $10.3 million in the accompanying condensed consolidated statements of operations for the three months ended December 31, 2016 and 2015 , respectively, of which $0.9 million and $0.9 million , respectively, was amortization of deferred financing costs and the OID. The Company recorded interest expense of $ 19.0 million and $ 20.4 million in the accompanying condensed consolidated statements of operations for the six months ended December 31, 2016 and 2015 , respectively, of which $ 1.9 million and $ 1.8 million was amortization of deferred financing costs and the OID.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss)	6 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss) [Abstract]
Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss)	7. Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss) The following table presents the changes in accumulated other comprehensive income (loss) ("AOCI"), by component, for the six months ended December 31, 2016 and 2015 (in thousands): Realized portion on cash flow hedge Actuarial loss on pensions Foreign currency translation adjustments Total As of June 30, 2015 $ (1,919 ) $ (11,950 ) $ 159,248 $ 145,379 Amounts reclassified from AOCI 606 349 — 955 Foreign currency translation adjustments (8 ) 779 (31,882 ) (31,111 ) Net current period other comprehensive income (loss) 598 1,128 (31,882 ) (30,156 ) As of December 31, 2015 $ (1,321 ) $ (10,822 ) $ 127,366 $ 115,223 As of June 30, 2016 $ (733 ) $ (14,242 ) $ 146,895 $ 131,920 Amounts reclassified from AOCI 435 451 — 886 Foreign currency translation adjustments (1 ) 272 (8,337 ) (8,066 ) Net current period other comprehensive income (loss) 434 723 (8,337 ) (7,180 ) As of December 31, 2016 $ (299 ) $ (13,519 ) $ 138,558 $ 124,740 Other Comprehensive Income (Loss) Other comprehensive income (loss) is derived from adjustments to reflect (i) foreign currency translation adjustments, (ii) realized portion of a cash flow hedge, and (iii) actuarial gain (loss) on pensions. The components of other comprehensive income (loss) for the three and six months ended December 31, 2016 and 2015 are as follows (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Foreign currency translation adjustments $ (5,942 ) $ (8,845 ) $ (8,184 ) $ (31,326 ) Realized portion of cash flow hedge (a) 237 303 435 606 Actuarial gain (loss) on pensions (b) 225 163 451 349 Other comprehensive loss, net of tax of $0 (5,480 ) (8,379 ) (7,298 ) (30,371 ) Other comprehensive loss attributable to noncontrolling interest, net of tax of $0 (86 ) (59 ) (118 ) (215 ) Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc., net of tax of $0 $ (5,394 ) $ (8,320 ) $ (7,180 ) $ (30,156 ) (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	6 Months Ended
Income Taxes	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	8. 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 $0.6 million benefit and a $0.3 million expense for the three and six months ended December 31, 2016 , respectively, and a $0.5 million benefit and a $1.3 million expense for the three and six months ended December 31, 2015 , respectively, primarily relating to taxable Canadian helicopter operations. These amounts represent an effective tax rate of 3.1% and (0.5)% for the three and six months ended December 31, 2016 , respectively; and an effective tax rate of 1.8% and (1.8)% for the three and six months ended December 31, 2015 , respectively. The federal blended statutory rate was 28.9% and 31.9% for the three and six months ended December 31, 2016 , respectively, and 29.5% and 31.5% for the three and six months ended December 31, 2015

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Letters of Credit The Company had issued letters of credit of $39.8 million and $42.8 million as of December 31, 2016 and June 30, 2016 , 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 alleging 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. 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. However, regardless of their merits or their ultimate outcomes, such matters are costly, divert management’s attention and may affect the Company's reputation, even if resolved in the Company's favor. 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 6.4% . Reimbursable government loans and forgivable grants as of December 31, 2016 and June 30, 2016 in Canadian dollars ("CAD") and the U.S. dollar ("USD") equivalent are as follows (in thousands): December 31, 2016 June 30, 2016 CAD USD Equivalent CAD USD Equivalent Loans $ 241 $ 179 $ 241 $ 185 Grants Received 89,298 66,506 89,298 68,643 Future advances 31,421 23,401 31,421 24,153 Total grants $ 120,719 $ 89,907 $ 120,719 $ 92,796 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 35 years and a weighted average interest rate of 9.9% . Other The Company holds certain forestry licenses and land leases with respect to its resort operations at Steamboat and Winter Park. These licenses and leases expire between 2047 and 2056 and provide for annual payments based on a percentage of sales that range between 1.5% and 4.0% of such sales. Payments for forestry licenses and land leases were $0.8 million for each of the three months ended December 31, 2016 and 2015 and $0.9 million for each of the six months ended December 31, 2016 and 2015

Segment Information

Segment Information	6 Months Ended
Segment Information	Dec. 31, 2016
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 the management of condominium hotel properties and real estate management, including marketing and sales activities, real estate development activities, and a vacation club business through the Disposition Date, as described in Note 3, "Dispositions". 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 reviews the annual variable compensation for certain members of the management team based, in part, on Adjusted EBITDA. The Company’s management believes that 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 adjustments related to operational activities and adjusting for executive management restructuring costs. The Company defines Adjusted EBITDA as net income (loss) attributable to the Company. before interest expense, net (excluding interest income earned from receivables related to IRCG operations) prior to the Disposition Date, 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 the Company 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 tables present segment revenue reconciled to consolidated revenue and net income (loss) attributable to the Company reconciled to Adjusted EBITDA and Adjusted EBITDA by segment (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Revenue: Mountain Lift (1) $ 41,527 $ 31,937 $ 46,278 $ 35,941 Lodging 14,006 11,547 30,967 26,866 Ski School (2) 7,949 6,662 8,622 7,272 Retail and Rental 15,050 11,195 22,653 18,652 Food and Beverage 12,356 10,338 22,709 19,970 Other 8,157 7,757 21,811 20,493 Total Mountain revenue 99,045 79,436 153,040 129,194 Adventure revenue 13,291 12,368 31,237 36,630 Real Estate revenue 8,226 11,403 16,505 23,216 Total segment revenue 120,562 103,207 200,782 189,040 Legacy, non-core and other revenue (3) 599 744 859 1,115 Total revenue $ 121,161 $ 103,951 $ 201,641 $ 190,155 Net loss attributable to Intrawest Resorts Holdings, Inc. $ (18,705 ) $ (27,305 ) $ (63,101 ) $ (74,348 ) Legacy and other non-core expenses, net (4) 814 2,092 1,617 4,442 Other operating expenses (5) 2,942 1,401 5,049 2,552 Depreciation and amortization 14,220 14,496 29,390 29,538 Loss (gain) on disposal of assets 1,480 (1,638 ) 1,139 (2,327 ) Interest income (6) (50 ) (65 ) (120 ) (136 ) Interest expense 9,059 10,269 18,967 20,431 (Earnings) loss from equity method investments (7) (4,175 ) (1,702 ) (2,787 ) 1,382 Loss on extinguishment of debt 820 — 820 — Pro rata share of Adjusted EBITDA related to equity method investments (8) 716 853 1,836 1,545 Adjusted EBITDA attributable to noncontrolling interest 1,369 1,029 999 (1,133 ) Other expense (income), net (9) 256 (5,131 ) (218 ) (5,210 ) Income tax (benefit) expense (623 ) (519 ) 317 1,268 (Loss) income attributable to noncontrolling interest (1,037 ) (708 ) (750 ) 912 Total Adjusted EBITDA $ 7,086 $ (6,928 ) $ (6,842 ) $ (21,084 ) Mountain Adjusted EBITDA $ 8,484 $ (5,136 ) $ (9,588 ) $ (25,923 ) Adventure Adjusted EBITDA (10) (2,867 ) (3,489 ) (722 ) 1,371 Real Estate Adjusted EBITDA (8)(11) 1,469 1,697 3,468 3,468 Total Adjusted EBITDA $ 7,086 $ (6,928 ) $ (6,842 ) $ (21,084 ) (1) Lift revenue outside of the ski season is derived primarily from mountain biking and sightseeing lift products. (2) Ski School revenue outside of the ski season is derived primarily 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 and lease payments pursuant to the lease at Winter Park. The six months ended December 31, 2016 also includes $0.8 million of expenses for major IT infrastructure replacements, $0.7 million in fees associated with executing the Fifth Amendment and $0.5 million of business development related expenses. (6) Includes interest income unrelated to IRCG financing activities. (7) Represents the (earnings) losses from equity method investments, including: Chateau, MHM, and the Mammoth family of resorts. (8) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investments in MHM and Chateau. 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. (9) Includes foreign currency transaction gains (losses), litigation settlement gains (losses), acquisition-related expenses, and other expenses. (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 until the Disposition Date, in the amount of $0.8 million and $1.7 million for the three and six months ended December 31, 2015 , respectively. Capital Expenditures The following table presents capital expenditures for each segment, reconciled to consolidated amounts for each of the three and six months ended December 31, 2016 and 2015 (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Capital expenditures: Mountain $ 15,683 $ 17,285 $ 21,491 $ 24,915 Adventure 4,224 2,980 7,609 4,325 Real Estate 4 115 121 238 Total segment capital expenditures 19,911 20,380 29,221 29,478 Corporate and other 1,645 2,362 2,683 3,053 Total capital expenditures $ 21,556 $ 22,742 $ 31,904 $ 32,531 Geographic Data The Company’s revenue by geographic region for each of the three and six months ended December 31, 2016 and 2015 consisted of the following (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Revenue: United States $ 77,130 $ 67,321 $ 114,895 $ 106,342 Canada 44,031 36,630 86,746 83,813 Total revenue $ 121,161 $ 103,951 $ 201,641 $ 190,155

Significant Accounting Polici17

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Dec. 31, 2016
Significant Accounting Policies [Abstract]
Basis of Presentation	The accompanying condensed consolidated financial statements were 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, the financial 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.
Use of Estimates	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. As of July 1, 2016, the Company reassessed all non-wholly owned subsidiaries in accordance with the new guidance issued in Accounting Standards Update (“ASU”) No. 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis (“ASU 2015-02”) and determined that no changes to consolidation methods were needed. 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's operations. Alpine Helicopters leases substantially all 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 December 31, 2016 , Alpine Helicopters had total assets of $8.8 million and total liabilities of $3.5 million . On January 29, 2016, the Company sold substantially all of the assets used in the operations of IRCG and all of the equity interests in certain wholly-owned subsidiaries of IRCG to Diamond Resorts Corporation and Diamond Resorts International, Inc. (together with Diamond Resorts Corporation, “Diamond”), as described in Note 3, “Dispositions” (the "IRCG Transaction"). In accordance with applicable accounting guidance, the disposal did not qualify for discontinued operations presentation and, therefore, the accompanying condensed consolidated statements of operations and comprehensive income (loss) reflect the consolidation of the results of IRCG in the prior fiscal year. Prior to the Deposition Date, IRCG was a part of the Real Estate segment.
Fair Value of Financial Instruments	Fair Value of Financial Instruments As of December 31, 2016 and June 30, 2016 , 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 6, “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. December 31, 2016 June 30, 2016 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 553,333 $ 560,769 $ 554,480 $ 555,173 Other debt obligations 1,106 924 1,172 971
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update ("ASU") No.2017-01, Business Combinations (Topic 805) ("ASU 2017-01"). This update clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets of businesses. ASU 2017-01 is effective for interim and annual periods beginning after December 15, 2017 on a prospective basis. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In November 2016, the FASB issued ASU No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash ("ASU 2016-18") . This update requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. This update is effective for interim and annual periods beginning after December 15, 2017, with early adoption permitted, including adoption in an interim period. The Company intends to adopt this guidance on July 1, 2018. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This update replaces the incurred loss impairment methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. This update is effective for interim and annual periods beginning after December 15, 2019, with a modified-retrospective approach. The Company is currently evaluating the impact that this update will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting ("ASU 2016-09"). This update is part of the FASB's simplification initiative and is intended to simplify accounting for stock-based compensation. The guidance requires that excess tax benefits or deficiencies be recognized in income tax expense or benefit in the income statement, rather than recognized in additional paid-in capital. The guidance allows the Company to elect whether to recognize forfeitures as they occur or use an estimated forfeiture assumption in estimating the number of awards that are expected to vest. ASU 2016-09 is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted this guidance prospectively for the year beginning on July 1, 2016. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU 2016-02") . ASU 2016-02 supersedes existing guidance in Leases (Topic 840) . The revised standard requires lessees to recognize the assets and liabilities arising from leases with lease terms greater than twelve months on the balance sheet, including those currently classified as operating leases, and to disclose key information about leasing arrangements. Lessees will be required to recognize a lease liability and a right-of-use asset on their balance sheets, while lessor accounting will remain largely unchanged. The guidance is effective for annual periods beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on its consolidated financial statements and related disclosures. While we are continuing to evaluate the standard, we currently believe the most significant impact will relate to our accounting for operating leases and that our capital leases will remain substantially unchanged under the new standard. In April 2015, the FASB issued ASU No. 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 adopted ASU 2015-05 as of July 1, 2016 and will apply the guidance prospectively for all arrangements entered into or materially modified after July 1, 2016. There was no impact to the Company's condensed consolidated financial statements upon the adoption. In February 2015, the FASB issued ASU No. 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 adopted this guidance for the year beginning on July 1, 2016. With the adoption the Company reassessed all non-wholly owned subsidiaries and determined that no changes to consolidation methods were needed. In May 2014, the FASB issued ASU No. 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. In August 2015, the FASB issued an accounting standards update that defers the effective date of the new revenue recognition guidance for one year, to interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted for periods beginning after December 15, 2016. In April 2016, the FASB issued ASU No. 2016-10, Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing ("ASU 2016-10"), which clarifies the identification of performance obligations and the licensing implementation guidance in Topic 606. In May 2016, the FASB issued ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients ("ASU 2016-12"), which clarifies the guidance in Topic 606 on assessing collectability, presentation of sales taxes, noncash consideration, and completed contracts and contract modifications at transition. In December 2016, the FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers ("ASU 2016-20"), which provides technical corrections and improvements to clarify Topic 606 or to correct unintended application of Topic 606. These accounting standard updates have the same effective date as the original standard. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is planning to adopt the standard on July 1, 2018. The Company is currently in the assessment phase to evaluate the impact this standard will have on our financial results, systems, processes and internal controls and based on that assessment will then determine the transition approach to use and the full impact of adoption.

Significant Accounting Polici18

Significant Accounting Policies (Tables)	6 Months Ended
Significant Accounting Policies (Tables)	Dec. 31, 2016
Significant Accounting Policies [Abstract]
Carrying Value and Fair Value of Financial Instruments	The fair value of the Senior Debt (as defined in Note 6, “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. December 31, 2016 June 30, 2016 Carrying Value Fair Value Carrying Value Fair Value Senior Debt $ 553,333 $ 560,769 $ 554,480 $ 555,173 Other debt obligations 1,106 924 1,172 971

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	6 Months Ended
Earnings (Loss) Per Share (Tables)	Dec. 31, 2016
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 December 31, Six Months Ended December 31, 2016 2015 2016 2015 Basic and Diluted EPS Net loss attributable to Intrawest Resorts Holdings, Inc. $ (18,705 ) $ (27,305 ) $ (63,101 ) $ (74,348 ) Weighted average common shares outstanding 39,762 45,230 39,762 45,230 Basic and diluted EPS $ (0.47 ) $ (0.60 ) $ (1.59 ) $ (1.64 )

Supplementary Balance Sheet I20

Supplementary Balance Sheet Information (Tables)	6 Months Ended
Supplementary Balance Sheet Information (Tables)	Dec. 31, 2016
Supplementary Balance Sheet Information [Abstract]
Current Receivables, Net	Current receivables, net Current receivables as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Trade receivables $ 26,857 $ 37,441 Loans, mortgages and notes receivable 14 50 Allowance for doubtful accounts (825 ) (831 ) Total current receivables, net $ 26,046 $ 36,660
Other Current Assets	Other current assets Other current assets as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Capital spares $ 12,452 $ 11,628 Prepaid insurance 4,100 4,813 Other prepaid expenses and current assets 7,964 4,640 Total other current assets $ 24,516 $ 21,081
Other Long-Term Assets, Net	Other long-term assets, net Other long-term assets, net as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Equity method investments $ 27,003 $ 26,398 Long-term receivables 1,460 1,541 Other long-term assets 4,647 3,988 Total other long-term assets, net $ 33,110 $ 31,927
Accounts Payable and Accrued Liabilities	Accounts payable and accrued liabilities Accounts payable and accrued liabilities as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Trade payables $ 72,944 $ 48,353 Accrued liabilities 7,327 16,516 Total accounts payable and accrued liabilities $ 80,271 $ 64,869
Current Deferred Revenue and Deposits	Current deferred revenue and deposits Current deferred revenue and deposits as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Season pass and other deferred revenue $ 95,824 $ 42,343 Lodging and tour deposits 59,251 25,548 Deposits on real estate sales 44 46 Total current deferred revenue and deposits $ 155,119 $ 67,937
Other Long-Term Liabilities	Other long-term liabilities Other long-term liabilities as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): December 31, 2016 June 30, 2016 Pension liability, net of funded assets $ 31,465 $ 33,550 Forgivable government grants 8,599 7,719 Deferred revenue and deposits 7,796 8,106 Other long-term liabilities 18,754 19,391 Total other long-term liabilities $ 66,614 $ 68,766

Debt (Tables)

Debt (Tables)	6 Months Ended
Debt (Tables)	Dec. 31, 2016
Debt [Abstract]
Long-Term Debt	The Company's total borrowings as of December 31, 2016 and June 30, 2016 consisted of the following (in thousands): Maturity December 31, 2016 Fiscal Year End June 30, 2016 Senior Debt 2020 $ 553,333 $ 554,480 Other debt obligations 2017-2023 1,106 1,172 Less: unamortized original issue discount ("OID") and debt issuance costs (15,288 ) (17,860 ) Total 539,151 537,792 Less: Long-term debt due within one year 2,349 497 Total long-term debt $ 536,802 $ 537,295
Long-Term Debt Aggregate Maturities	As of December 31, 2016 , the long-term debt aggregate maturities for the 12 month periods ending December 31, for each of the following years are set forth below (in thousands): 2017 $ 2,349 2018 6,136 2019 6,143 2020 539,431 2021 156 Thereafter 224 $ 554,439

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss) [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss)	The following table presents the changes in accumulated other comprehensive income (loss) ("AOCI"), by component, for the six months ended December 31, 2016 and 2015 (in thousands): Realized portion on cash flow hedge Actuarial loss on pensions Foreign currency translation adjustments Total As of June 30, 2015 $ (1,919 ) $ (11,950 ) $ 159,248 $ 145,379 Amounts reclassified from AOCI 606 349 — 955 Foreign currency translation adjustments (8 ) 779 (31,882 ) (31,111 ) Net current period other comprehensive income (loss) 598 1,128 (31,882 ) (30,156 ) As of December 31, 2015 $ (1,321 ) $ (10,822 ) $ 127,366 $ 115,223 As of June 30, 2016 $ (733 ) $ (14,242 ) $ 146,895 $ 131,920 Amounts reclassified from AOCI 435 451 — 886 Foreign currency translation adjustments (1 ) 272 (8,337 ) (8,066 ) Net current period other comprehensive income (loss) 434 723 (8,337 ) (7,180 ) As of December 31, 2016 $ (299 ) $ (13,519 ) $ 138,558 $ 124,740
Other Comprehensive Income (Loss)	The components of other comprehensive income (loss) for the three and six months ended December 31, 2016 and 2015 are as follows (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Foreign currency translation adjustments $ (5,942 ) $ (8,845 ) $ (8,184 ) $ (31,326 ) Realized portion of cash flow hedge (a) 237 303 435 606 Actuarial gain (loss) on pensions (b) 225 163 451 349 Other comprehensive loss, net of tax of $0 (5,480 ) (8,379 ) (7,298 ) (30,371 ) Other comprehensive loss attributable to noncontrolling interest, net of tax of $0 (86 ) (59 ) (118 ) (215 ) Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc., net of tax of $0 $ (5,394 ) $ (8,320 ) $ (7,180 ) $ (30,156 ) (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)	6 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Reimbursable Government Loans and Forgivable Grants	Reimbursable government loans and forgivable grants as of December 31, 2016 and June 30, 2016 in Canadian dollars ("CAD") and the U.S. dollar ("USD") equivalent are as follows (in thousands): December 31, 2016 June 30, 2016 CAD USD Equivalent CAD USD Equivalent Loans $ 241 $ 179 $ 241 $ 185 Grants Received 89,298 66,506 89,298 68,643 Future advances 31,421 23,401 31,421 24,153 Total grants $ 120,719 $ 89,907 $ 120,719 $ 92,796

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
Segment Information (Tables)	Dec. 31, 2016
Segment Information [Abstract]
Consolidated Revenue	The following tables present segment revenue reconciled to consolidated revenue and net income (loss) attributable to the Company reconciled to Adjusted EBITDA and Adjusted EBITDA by segment (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Revenue: Mountain Lift (1) $ 41,527 $ 31,937 $ 46,278 $ 35,941 Lodging 14,006 11,547 30,967 26,866 Ski School (2) 7,949 6,662 8,622 7,272 Retail and Rental 15,050 11,195 22,653 18,652 Food and Beverage 12,356 10,338 22,709 19,970 Other 8,157 7,757 21,811 20,493 Total Mountain revenue 99,045 79,436 153,040 129,194 Adventure revenue 13,291 12,368 31,237 36,630 Real Estate revenue 8,226 11,403 16,505 23,216 Total segment revenue 120,562 103,207 200,782 189,040 Legacy, non-core and other revenue (3) 599 744 859 1,115 Total revenue $ 121,161 $ 103,951 $ 201,641 $ 190,155 (1) Lift revenue outside of the ski season is derived primarily from mountain biking and sightseeing lift products. (2) Ski School revenue outside of the ski season is derived primarily 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 Income (Loss) Reconciled to Adjusted EBITDA	Net loss attributable to Intrawest Resorts Holdings, Inc. $ (18,705 ) $ (27,305 ) $ (63,101 ) $ (74,348 ) Legacy and other non-core expenses, net (4) 814 2,092 1,617 4,442 Other operating expenses (5) 2,942 1,401 5,049 2,552 Depreciation and amortization 14,220 14,496 29,390 29,538 Loss (gain) on disposal of assets 1,480 (1,638 ) 1,139 (2,327 ) Interest income (6) (50 ) (65 ) (120 ) (136 ) Interest expense 9,059 10,269 18,967 20,431 (Earnings) loss from equity method investments (7) (4,175 ) (1,702 ) (2,787 ) 1,382 Loss on extinguishment of debt 820 — 820 — Pro rata share of Adjusted EBITDA related to equity method investments (8) 716 853 1,836 1,545 Adjusted EBITDA attributable to noncontrolling interest 1,369 1,029 999 (1,133 ) Other expense (income), net (9) 256 (5,131 ) (218 ) (5,210 ) Income tax (benefit) expense (623 ) (519 ) 317 1,268 (Loss) income attributable to noncontrolling interest (1,037 ) (708 ) (750 ) 912 Total Adjusted EBITDA $ 7,086 $ (6,928 ) $ (6,842 ) $ (21,084 ) Mountain Adjusted EBITDA $ 8,484 $ (5,136 ) $ (9,588 ) $ (25,923 ) Adventure Adjusted EBITDA (10) (2,867 ) (3,489 ) (722 ) 1,371 Real Estate Adjusted EBITDA (8)(11) 1,469 1,697 3,468 3,468 Total Adjusted EBITDA $ 7,086 $ (6,928 ) $ (6,842 ) $ (21,084 ) (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 and lease payments pursuant to the lease at Winter Park. The six months ended December 31, 2016 also includes $0.8 million of expenses for major IT infrastructure replacements, $0.7 million in fees associated with executing the Fifth Amendment and $0.5 million of business development related expenses. (6) Includes interest income unrelated to IRCG financing activities. (7) Represents the (earnings) losses from equity method investments, including: Chateau, MHM, and the Mammoth family of resorts. (8) Includes the Company’s pro rata share of Adjusted EBITDA from its equity method investments in MHM and Chateau. 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. (9) Includes foreign currency transaction gains (losses), litigation settlement gains (losses), acquisition-related expenses, and other expenses. (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 until the Disposition Date, in the amount of $0.8 million and $1.7 million for the three and six months ended December 31, 2015 , respectively.
Capital Expenditures	The following table presents capital expenditures for each segment, reconciled to consolidated amounts for each of the three and six months ended December 31, 2016 and 2015 (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Capital expenditures: Mountain $ 15,683 $ 17,285 $ 21,491 $ 24,915 Adventure 4,224 2,980 7,609 4,325 Real Estate 4 115 121 238 Total segment capital expenditures 19,911 20,380 29,221 29,478 Corporate and other 1,645 2,362 2,683 3,053 Total capital expenditures $ 21,556 $ 22,742 $ 31,904 $ 32,531
Revenue by Geographic Region	The Company’s revenue by geographic region for each of the three and six months ended December 31, 2016 and 2015 consisted of the following (in thousands): Three Months Ended December 31, Six Months Ended December 31, 2016 2015 2016 2015 Revenue: United States $ 77,130 $ 67,321 $ 114,895 $ 106,342 Canada 44,031 36,630 86,746 83,813 Total revenue $ 121,161 $ 103,951 $ 201,641 $ 190,155

Formation and Business (Details

Formation and Business (Details)	6 Months Ended
Formation and Business (Details)	Dec. 31, 2016SegmentLodge
Formation and Business [Abstract]
Number of segments \| Segment	3
Canadian Mountain Holidays [Member]
Formation and Business [Abstract]
Number of lodges \| Lodge	11
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	6 Months Ended
	Dec. 31, 2016	Jun. 30, 2016
Alpine Helicopters [Member]
Principles of Consolidation [Abstract]
Ownership interest in VIE	20.00%
Noncontrolling interest held by employees	80.00%
Total assets	$ 8,800
Total liabilities	3,500
Carrying Value [Member] \| Senior Debt [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	553,333	$ 554,480
Carrying Value [Member] \| Other Debt Obligations [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	1,106	1,172
Fair Value [Member] \| Senior Debt [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	560,769	555,173
Fair Value [Member] \| Other Debt Obligations [Member]
Fair Value of Financial Instruments [Abstract]
Long-term debt	$ 924	$ 971

Dispositions (Details)

Dispositions (Details) - IRCG [Member] - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2016	Nov. 24, 2015
IRCG Transaction [Abstract]
Gross proceeds for sale of IRCG		$ 84.6
Gain on sale of IRCG	$ 40.4

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Earnings (Loss) Per Share [Abstract]
Anti-dilutive share-based payment awards not included in calculation of EPS	$ 900	$ 1,500	$ 700	$ 1,300
Basic and Diluted EPS [Abstract]
Net loss attributable to Intrawest Resorts Holdings, Inc.	$ (18,705)	$ (27,305)	$ (63,101)	$ (74,348)
Weighted average common shares outstanding (in shares)	39,762	45,230	39,762	45,230
Basic and diluted EPS (in dollars per share)	$ (0.47)	$ (0.60)	$ (1.59)	$ (1.64)

Supplementary Balance Sheet I29

Supplementary Balance Sheet Information, Current Receivables, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Current Receivables, Net [Abstract]
Trade receivables	$ 26,857	$ 37,441
Loans, mortgages and notes receivable	14	50
Allowance for doubtful accounts	(825)	(831)
Total current receivables, net	$ 26,046	$ 36,660

Supplementary Balance Sheet I30

Supplementary Balance Sheet Information, Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Other Current Assets [Abstract]
Capital spares	$ 12,452	$ 11,628
Prepaid insurance	4,100	4,813
Other prepaid expenses and current assets	7,964	4,640
Total other current assets	$ 24,516	$ 21,081

Supplementary Balance Sheet I31

Supplementary Balance Sheet Information, Other Long-Term Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Other Long-Term Assets, Net [Abstract]
Equity method investments	$ 27,003	$ 26,398
Long-term receivables	1,460	1,541
Other long-term assets	4,647	3,988
Total other long-term assets, net	$ 33,110	$ 31,927

Supplementary Balance Sheet I32

Supplementary Balance Sheet Information, Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Accounts Payable and Accrued Liabilities [Abstract]
Trade payables	$ 72,944	$ 48,353
Accrued liabilities	7,327	16,516
Total accounts payable and accrued liabilities	$ 80,271	$ 64,869

Supplementary Balance Sheet I33

Supplementary Balance Sheet Information, Current Deferred Revenue and Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Current Deferred Revenue and Deposits [Abstract]
Season pass and other deferred revenue	$ 95,824	$ 42,343
Lodging and tour deposits	59,251	25,548
Deposits on real estate sales	44	46
Total current deferred revenue and deposits	$ 155,119	$ 67,937

Supplementary Balance Sheet I34

Supplementary Balance Sheet Information, Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Other Long-Term Liabilities [Abstract]
Pension liability, net of funded assets	$ 31,465	$ 33,550
Forgivable government grants	8,599	7,719
Deferred revenue and deposits	7,796	8,106
Other long-term liabilities	18,754	19,391
Total other long-term liabilities	$ 66,614	$ 68,766

Debt, Long-Term Debt (Details)

Debt, Long-Term Debt (Details) - USD ($) $ in Thousands	6 Months Ended
Debt, Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Jun. 30, 2016
Long-Term Debt [Abstract]
Long-term debt	$ 554,439
Less: unamortized original issue discount ("OID") and debt issuance costs	(15,288)	$ (17,860)
Total	539,151	537,792
Less: Long-term debt due within one year	2,349	497
Total long-term debt	$ 536,802	537,295
Senior Debt [Member]
Long-Term Debt [Abstract]
Maturity	2,020
Long-term debt	$ 553,333	554,480
Other Debt Obligations [Member]
Long-Term Debt [Abstract]
Long-term debt	$ 1,106	$ 1,172
Other Debt Obligations [Member] \| Minimum [Member]
Long-Term Debt [Abstract]
Maturity	2,017
Other Debt Obligations [Member] \| Maximum [Member]
Long-Term Debt [Abstract]
Maturity	2,023

Debt, Senior Debt and Other Deb

Debt, Senior Debt and Other Debt Obligations (Details) - USD ($) $ in Millions	Sep. 19, 2014	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2013
Senior Debt [Abstract]
Letters of credit outstanding		$ 39.8	$ 42.8
Credit Agreement [Member] \| Term Loan [Member]
Senior Debt [Abstract]
Term loan				$ 540
Credit Agreement [Member] \| Revolver [Member]
Senior Debt [Abstract]
Maximum borrowing capacity				25
Borrowings outstanding		0	0
Credit Agreement [Member] \| LC Facility [Member]
Senior Debt [Abstract]
Maximum borrowing capacity				$ 55
Letters of credit outstanding		$ 39.8	$ 42.8
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		5.30%

Debt, Maturities (Details)

Debt, Maturities (Details) $ in Thousands	Dec. 31, 2016USD ($)
Long-Term Debt Aggregate Maturities [Abstract]
2,017	$ 2,349
2,018	6,136
2,019	6,143
2,020	539,431
2,021	156
Thereafter	224
Total	$ 554,439

Debt, Interest Expense (Details

Debt, Interest Expense (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
Debt, Interest Expense (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Interest Expense [Abstract]
Interest expense	$ 9.1		$ 10.3	$ 19	$ 20.4
Amortization of deferred financing costs	$ 0.9		$ 0.9	$ 1.9	$ 1.8
Credit Agreement [Member] \| Term Loan [Member]
Interest Expense [Abstract]
Margin rate				3.50%
Credit Agreement [Member] \| Term Loan [Member] \| LIBOR [Member]
Interest Expense [Abstract]
Interest rate floor				1.00%
Credit Agreement [Member] \| Revolver [Member]
Interest Expense [Abstract]
Margin rate				3.25%
Credit Agreement [Member] \| LC Facility [Member]
Interest Expense [Abstract]
Margin rate				4.50%
Fourth Amendment [Member] \| Term Loan [Member] \| Base Rate [Member]
Interest Expense [Abstract]
Margin rate				3.00%
Fourth Amendment [Member] \| Term Loan [Member] \| Eurodollar [Member]
Interest Expense [Abstract]
Margin rate				4.00%
Fifth Amendment [Member] \| Term Loan [Member] \| Base Rate [Member]
Interest Expense [Abstract]
Margin rate		2.50%
Fifth Amendment [Member] \| Term Loan [Member] \| Eurodollar [Member]
Interest Expense [Abstract]
Margin rate		3.50%
Fifth Amendment [Member] \| Revolver [Member]
Interest Expense [Abstract]
Secured debt leverage ratio		4.5
Fifth Amendment [Member] \| Revolver [Member] \| Base Rate [Member] \| Maximum [Member]
Interest Expense [Abstract]
Margin rate		2.50%
Fifth Amendment [Member] \| Revolver [Member] \| Base Rate [Member] \| Minimum [Member]
Interest Expense [Abstract]
Margin rate		2.25%
Fifth Amendment [Member] \| Revolver [Member] \| Eurodollar [Member] \| Maximum [Member]
Interest Expense [Abstract]
Margin rate		3.50%
Fifth Amendment [Member] \| Revolver [Member] \| Eurodollar [Member] \| Minimum [Member]
Interest Expense [Abstract]
Margin rate		3.25%
Third Amendment [Member] \| Revolver [Member]
Interest Expense [Abstract]
Secured debt leverage ratio				4.5
Third Amendment [Member] \| Revolver [Member] \| Base Rate [Member] \| Maximum [Member]
Interest Expense [Abstract]
Margin rate				2.75%
Third Amendment [Member] \| Revolver [Member] \| Base Rate [Member] \| Minimum [Member]
Interest Expense [Abstract]
Margin rate				2.50%
Third Amendment [Member] \| Revolver [Member] \| Eurodollar [Member] \| Maximum [Member]
Interest Expense [Abstract]
Margin rate				3.75%
Third Amendment [Member] \| Revolver [Member] \| Eurodollar [Member] \| Minimum [Member]
Interest Expense [Abstract]
Margin rate				3.50%

Accumulated Other Comprehensi39

Accumulated Other Comprehensive Income (Loss) and Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance				$ 256,352
Amounts reclassified from AOCI				886	$ 955
Foreign currency translation adjustments				(8,066)	(31,111)
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.		$ (5,394)	$ (8,320)	(7,180)	(30,156)
Ending balance		187,723		187,723
Other Comprehensive Income (Loss) [Abstract]
Foreign currency translation adjustments		(5,942)	(8,845)	(8,184)	(31,326)
Realized portion of cash flow hedge	[1]	237	303	435	606
Actuarial gain (loss) on pensions	[2]	225	163	451	349
Other comprehensive loss, net of tax of $0		(5,480)	(8,379)	(7,298)	(30,371)
Other comprehensive loss attributable to noncontrolling interest, net of tax of $0		(86)	(59)	(118)	(215)
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.		(5,394)	(8,320)	(7,180)	(30,156)
Other comprehensive loss, tax		0	0	0	0
Other comprehensive loss attributable to noncontrolling interest, tax		0	0	0	0
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc., tax		0	0	0	0
Accumulated Other Comprehensive Income [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance				131,920	145,379
Ending balance		124,740	115,223	124,740	115,223
Realized Portion on Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance				(733)	(1,919)
Amounts reclassified from AOCI				435	606
Foreign currency translation adjustments				(1)	(8)
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				434	598
Ending balance		(299)	(1,321)	(299)	(1,321)
Other Comprehensive Income (Loss) [Abstract]
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				434	598
Actuarial Loss on Pensions [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance				(14,242)	(11,950)
Amounts reclassified from AOCI				451	349
Foreign currency translation adjustments				272	779
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				723	1,128
Ending balance		(13,519)	(10,822)	(13,519)	(10,822)
Other Comprehensive Income (Loss) [Abstract]
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				723	1,128
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income, Net of Tax [Roll Forward]
Beginning balance				146,895	159,248
Amounts reclassified from AOCI				0	0
Foreign currency translation adjustments				(8,337)	(31,882)
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				(8,337)	(31,882)
Ending balance		$ 138,558	$ 127,366	138,558	127,366
Other Comprehensive Income (Loss) [Abstract]
Other comprehensive loss attributable to Intrawest Resorts Holdings, Inc.				$ (8,337)	$ (31,882)

[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		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Income tax (benefit) expense	$ (623)	$ (519)	$ 317	$ 1,268
Effective tax rate	3.10%	1.80%	(0.50%)	(1.80%)
Federal blended statutory rate	28.90%	29.50%	31.90%	31.50%

Commitments and Contingencies41

Commitments and Contingencies (Details) CAD in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)Plan	Dec. 31, 2015USD ($)	Dec. 31, 2016CAD	Jun. 30, 2016USD ($)	Jun. 30, 2016CAD
Letters of Credit [Abstract]
Letters of credit issued	$ 39,800		$ 39,800			$ 42,800
Number of closed noncontributory defined benefit pension plans \| Plan			3
Government Grants and Loans [Abstract]
Weighted average borrowing rate of government loans	6.40%		6.40%		6.40%
Loans	$ 179		$ 179		CAD 241	185	CAD 241
Grants - Received	66,506		66,506		89,298	68,643	89,298
Grants - Future advances	23,401		23,401		31,421	24,153	31,421
Total grants	89,907		$ 89,907		CAD 120,719	$ 92,796	CAD 120,719
Capital Leases [Abstract]
Weighted average remaining term			35 years
Weighted average interest rate			9.90%
Other [Abstract]
Payments for forestry licenses and land leases	$ 800	$ 800	$ 900	$ 900
Minimum [Member]
Other [Abstract]
Percentage of defined gross revenue			1.50%
Maximum [Member]
Other [Abstract]
Percentage of defined gross revenue			4.00%

Segment Information, Revenue fo

Segment Information, Revenue for Reportable Segments (Details) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2016USD ($)Segment	Dec. 31, 2015USD ($)
Segment Information [Abstract]
Number of reportable segments \| Segment				3
Revenue [Abstract]
Revenue		$ 121,161	$ 103,951	$ 201,641	$ 190,155
Reportable Segment [Member]
Revenue [Abstract]
Revenue		120,562	103,207	200,782	189,040
Reportable Segment [Member] \| Mountain [Member]
Revenue [Abstract]
Revenue		99,045	79,436	153,040	129,194
Reportable Segment [Member] \| Mountain [Member] \| Lift [Member]
Revenue [Abstract]
Revenue	[1]	41,527	31,937	46,278	35,941
Reportable Segment [Member] \| Mountain [Member] \| Lodging [Member]
Revenue [Abstract]
Revenue		14,006	11,547	30,967	26,866
Reportable Segment [Member] \| Mountain [Member] \| Ski School [Member]
Revenue [Abstract]
Revenue	[2]	7,949	6,662	8,622	7,272
Reportable Segment [Member] \| Mountain [Member] \| Retail and Rental [Member]
Revenue [Abstract]
Revenue		15,050	11,195	22,653	18,652
Reportable Segment [Member] \| Mountain [Member] \| Food and Beverage [Member]
Revenue [Abstract]
Revenue		12,356	10,338	22,709	19,970
Reportable Segment [Member] \| Mountain [Member] \| Other [Member]
Revenue [Abstract]
Revenue		8,157	7,757	21,811	20,493
Reportable Segment [Member] \| Adventure [Member]
Revenue [Abstract]
Revenue		13,291	12,368	31,237	36,630
Reportable Segment [Member] \| Real Estate [Member]
Revenue [Abstract]
Revenue		8,226	11,403	16,505	23,216
Legacy, Non-core and Other Revenue [Member]
Revenue [Abstract]
Revenue	[3]	$ 599	$ 744	$ 859	$ 1,115

[1]	Lift revenue outside of the ski season is derived primarily from mountain biking and sightseeing lift products.
[2]	Ski School revenue outside of the ski season is derived primarily 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 Income

Segment Information, Net Income (Loss) Reconciled to Adjusted EBITDA (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Segment Information [Abstract]
Net loss attributable to Intrawest Resorts Holdings, Inc.		$ (18,705)	$ (27,305)	$ (63,101)	$ (74,348)
Depreciation and amortization		14,220	14,496	29,390	29,538
Loss (gain) on disposal of assets		1,480	(1,638)	1,139	(2,327)
(Earnings) loss from equity method investments		(4,175)	(1,702)	(2,787)	1,382
Loss on extinguishment of debt		(820)	0	(820)	0
Other expense (income), net		256	(5,131)	(218)	(5,210)
Income tax (benefit) expense		(623)	(519)	317	1,268
(Loss) income attributable to noncontrolling interest		(1,037)	(708)	(750)	912
Total Adjusted EBITDA		7,086	(6,928)	(6,842)	(21,084)
Reportable Segment [Member] \| Mountain [Member]
Segment Information [Abstract]
Total Adjusted EBITDA		8,484	(5,136)	(9,588)	(25,923)
Reportable Segment [Member] \| Adventure [Member]
Segment Information [Abstract]
Total Adjusted EBITDA	[1]	(2,867)	(3,489)	(722)	1,371
Reportable Segment [Member] \| Real Estate [Member]
Segment Information [Abstract]
Total Adjusted EBITDA	[2],[3]	1,469	1,697	3,468	3,468
Reportable Segment [Member] \| Real Estate [Member] \| IRCG Operations [Member]
Segment Information [Abstract]
Interest income			(800)		(1,700)
Reconciling Item [Member]
Segment Information [Abstract]
Legacy and other non-core expenses, net	[4]	814	2,092	1,617	4,442
Other operating expenses	[5]	2,942	1,401	5,049	2,552
Depreciation and amortization		14,220	14,496	29,390	29,538
Loss (gain) on disposal of assets		1,480	(1,638)	1,139	(2,327)
Interest income	[6]	(50)	(65)	(120)	(136)
Interest expense		9,059	10,269	18,967	20,431
(Earnings) loss from equity method investments	[7]	(4,175)	(1,702)	(2,787)	1,382
Loss on extinguishment of debt		820	0	820	0
Pro rata share of Adjusted EBITDA related to equity method investments	[2]	716	853	1,836	1,545
Adjusted EBITDA attributable to noncontrolling interest		1,369	1,029	999	(1,133)
Other expense (income), net	[8]	256	(5,131)	(218)	(5,210)
Income tax (benefit) expense		(623)	(519)	317	1,268
(Loss) income attributable to noncontrolling interest		$ (1,037)	$ (708)	(750)	$ 912
Expenses for major IT infrastructure replacements				800
Fees associated with executing Fifth Amendment				700
Business development related expenses				$ 500

[1]	Adventure segment Adjusted EBITDA excludes Adjusted EBITDA attributable to noncontrolling interest.
[2]	Includes the Company's pro rata share of Adjusted EBITDA from its equity method investments in MHM and Chateau. 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.
[3]	Real Estate segment Adjusted EBITDA includes interest income earned from receivables related to the IRCG operations until the Disposition Date, in the amount of $0.8 million and $1.7 million for the three and six months ended December 31, 2015, 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 and lease payments pursuant to the lease at Winter Park. The six months ended December 31, 2016 also includes $0.8 million of expenses for major IT infrastructure replacements, $0.7 million in fees associated with executing the Fifth Amendment and $0.5 million of business development related expenses.
[6]	Includes interest income unrelated to IRCG financing activities.
[7]	Represents the (earnings) losses from equity method investments, including: Chateau, MHM, and the Mammoth family of resorts.
[8]	Includes foreign currency transaction gains (losses), litigation settlement gains (losses), acquisition-related expenses, and other expenses.

Segment Information, Capital Ex

Segment Information, Capital Expenditures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Capital Expenditures [Abstract]
Total capital expenditures	$ 21,556	$ 22,742	$ 31,904	$ 32,531
Reportable Segment [Member]
Capital Expenditures [Abstract]
Total capital expenditures	19,911	20,380	29,221	29,478
Reportable Segment [Member] \| Mountain [Member]
Capital Expenditures [Abstract]
Total capital expenditures	15,683	17,285	21,491	24,915
Reportable Segment [Member] \| Adventure [Member]
Capital Expenditures [Abstract]
Total capital expenditures	4,224	2,980	7,609	4,325
Reportable Segment [Member] \| Real Estate [Member]
Capital Expenditures [Abstract]
Total capital expenditures	4	115	121	238
Corporate and Other [Member]
Capital Expenditures [Abstract]
Total capital expenditures	$ 1,645	$ 2,362	$ 2,683	$ 3,053

Segment Information, Geographic

Segment Information, Geographic Data (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2016	Dec. 31, 2015
Geographical Data [Abstract]
Revenue	$ 121,161	$ 103,951	$ 201,641	$ 190,155
Reportable Geographical Component [Member] \| United States [Member]
Geographical Data [Abstract]
Revenue	77,130	67,321	114,895	106,342
Reportable Geographical Component [Member] \| Canada [Member]
Geographical Data [Abstract]
Revenue	$ 44,031	$ 36,630	$ 86,746	$ 83,813