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, 2020

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,
	2020		2019		2018
Net income (loss)	$	(4,012,514)	$	930,228	$	954,843
Basic weighted-average shares outstanding		254,728,932		214,929,977		223,001,739
Dilutive effect of share awards		—		1,545,099		1,417,466
Diluted weighted-average shares outstanding		254,728,932		216,475,076		224,419,205
Basic earnings (loss) per share	$	(15.75)	$	4.33	$	4.28
Diluted earnings (loss) per share	$	(15.75)	$	4.30	$	4.25

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,
	2020		2019		2018
North America	$	960,258	$	3,807,576	$	3,543,282
Europe		27,602		1,666,751		1,462,698
Asia-Pacific		152,976		500,842		721,404
Other		139,072		487,207		327,742
Total revenue	$	1,279,908	$	6,462,376	$	6,055,126