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)

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Reconciliation Between Basic and Diluted Earnings Per Share

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Net income attributable to Norwegian Cruise Line Holdings Ltd.	$	170,858	$	128,188	$	65,622	$	167,503

Net income	$	172,894	$	128,188	$	66,479	$	167,503

Basic weighted-average shares outstanding		204,425,308		178,252,763		202,279,989		178,198,984
Dilutive effect of awards		6,277,936		797,287		6,393,619		787,520

Diluted weighted-average shares outstanding		210,703,244		179,050,050		208,673,608		178,986,504

Basic earnings per share	$	0.84	$	0.72	$	0.32	$	0.94

Diluted earnings per share	$	0.82	$	0.72	$	0.32	$	0.94

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