Norwegian Cruise Line Holdings Ltd. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of reconciliation between basic and diluted EPS

A reconciliation between basic and diluted earnings per share was as follows (in thousands, except share and per share data):


	Year Ended December 31,
	2021		2020		2019
Net income (loss)	$	(4,506,587)	$	(4,012,514)	$	930,228
Basic weighted-average shares outstanding		365,449,967		254,728,932		214,929,977
Dilutive effect of share awards		—		—		1,545,099
Diluted weighted-average shares outstanding		365,449,967		254,728,932		216,475,076
Basic earnings (loss) per share	$	(12.33)	$	(15.75)	$	4.33
Diluted earnings (loss) per share	$	(12.33)	$	(15.75)	$	4.30

Schedule of estimated residual values of ships

Depreciation is computed on a straight-line basis over the estimated useful lives of the assets, after a 15% reduction for the estimated residual values of ships as follows:


		Useful Life
Ships		30 years
Computer hardware and software		3‑10 years
Other property and equipment		3‑40 years
Leasehold improvements		Shorter of lease term or asset life
Ship improvements		Shorter of asset life or life of the ship

Schedule of revenues by destination

Revenues by destination consisted of the following (in thousands):


	Year Ended December 31,
	2021		2020		2019
North America	$	424,377	$	960,258	$	3,807,576
Europe		211,767		27,602		1,666,751
Asia-Pacific		6,186		152,976		500,842
Other		5,656		139,072		487,207
Total revenue	$	647,986	$	1,279,908	$	6,462,376