Annual report pursuant to Section 13 and 15(d)

Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)

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Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)
15. Quarterly Selected Financial Data (Unaudited) (in thousands, except per share data)

 

    First Quarter     Second Quarter     Third Quarter     Fourth Quarter  
    2017     2016     2017     2016     2017     2016     2017     2016  
Total revenue   $ 1,150,781     $ 1,077,632     $ 1,344,103     $ 1,186,835     $ 1,651,738     $ 1,484,736     $ 1,249,553     $ 1,125,137  
Operating income     119,734       131,282       275,071       227,018       476,820       413,614       177,194       153,550  
Net income     61,910       73,229       198,473       145,246       400,692       342,378       98,797       72,232  
Earnings per share:                                                                
Basic   $ 0.27     $ 0.32     $ 0.87     $ 0.64     $ 1.76     $ 1.51     $ 0.43     $ 0.32  
Diluted   $ 0.27     $ 0.32     $ 0.87     $ 0.64     $ 1.74     $ 1.50     $ 0.43     $ 0.32  

 

The seasonality of the North American cruise industry generally results in the greatest demand for cruises during the Northern Hemisphere’s summer months. This predictable seasonality in demand has resulted in fluctuations in our revenue and results of operations. The seasonality of our results is increased due to ships being taken out of service for regularly scheduled Dry-docks, which we typically scheduled during non-peak demand periods.