Norwegian Cruise Line Holdings Ltd. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2013

Dec. 31, 2012

Reconciliation between Basic and Diluted Earnings (Loss) Per Share

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


	Three Months Ended June 30,					Six Months Ended June 30,
	2013			2012		2013			2012
Net income (loss) attributable to Norwegian Cruise Line Holdings Ltd.	$	(8,841	)	$	36,031	$	(105,236	)	$	39,315

Basic weighted-average shares outstanding		203,997,492			178,199,155		201,189,562			178,178,612
Dilutive effect of awards		—			750,769		—			782,637

Diluted weighted-average shares outstanding		203,997,492			178,949,924		201,189,562			178,961,249

Basic earnings (loss) per share	$	(0.04	)	$	0.20	$	(0.52	)	$	0.22

Diluted earnings (loss) per share	$	(0.04	)	$	0.20	$	(0.52	)	$	0.22

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


	Year Ended December 31,
	2012		2011		2010
Net income	$	168,556	$	126,859	$	22,986

Basic weighted-average shares outstanding (1)		178,232,850		177,869,461		177,563,047
Diluted weighted-average shares outstanding (1)		179,023,683		178,859,720		178,461,218
Basic earnings per share	$	0.95	$	0.71	$	0.13
Diluted earnings per share	$	0.94	$	0.71	$	0.13

(1)	We have retrospectively applied the exchange of ordinary shares due to the Corporate Reorganization as the effect is substantially the same as a stock split.

Estimated Useful Lives of Property and Equipment

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


		Useful Life
Ships		30 years
Buildings		15-30 years
Computer hardware and software		3-5 years
Other property and equipment		3-40 years
Leasehold improvements		Shorter of lease term or asset life