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

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
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