Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.8
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2013
Reconciliation between Basic and Diluted Earnings Per Share

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

 

     Year Ended December 31,  
     2013      2012      2011  

Net income attributable to Norwegian Cruise Line Holdings Ltd.

    $ 101,714       $ 168,556       $ 126,859   
  

 

 

     

 

 

     

 

 

  

Net income

    $ 102,886       $ 168,556       $ 126,859   
  

 

 

     

 

 

     

 

 

  

Basic weighted-average shares outstanding (1)

      202,993,839         178,232,850         177,869,461   

Potentially dilutive shares

      6,245,645         790,833         990,259   
  

 

 

     

 

 

     

 

 

  

Diluted weighted-average shares outstanding (1)

      209,239,484         179,023,683         178,859,720   
  

 

 

     

 

 

     

 

 

  

Basic earnings per share

    $ 0.50       $ 0.95       $ 0.71   

Diluted earnings per share

    $ 0.49       $ 0.94       $ 0.71   

 

(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