Employee Benefits and Share Option Plans (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of summary of option activity |
| |
|
Number of Share Option
Awards |
|
|
Weighted-Average Exercise
Price |
|
|
Weighted-
Average
Contractual Term |
|
|
Aggregate
Intrinsic Value
|
|
| |
|
Time-
Based
Awards |
|
|
Performance-
Based
Awards |
|
|
Market-
Based
Awards |
|
|
Time-
Based
Awards |
|
|
Performance-
Based
Awards |
|
|
Market-
Based
Awards |
|
|
(years) |
|
|
(in thousands) |
|
| Outstanding as of January 1, 2015 |
|
|
6,079,881 |
|
|
|
1,457,314 |
|
|
|
— |
|
|
$ |
29.92 |
|
|
$ |
19.00 |
|
|
$ |
— |
|
|
|
7.61 |
|
|
$ |
142,831 |
|
| Granted |
|
|
5,130,000 |
|
|
|
— |
|
|
|
208,333 |
|
|
|
56.64 |
|
|
|
— |
|
|
|
59.43 |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
(2,144,702 |
) |
|
|
(546,951 |
) |
|
|
— |
|
|
|
27.39 |
|
|
|
19.00 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited and cancelled |
|
|
(1,363,108 |
) |
|
|
(477,611 |
) |
|
|
— |
|
|
|
37.49 |
|
|
|
19.00 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Outstanding as of December 31, 2015 |
|
|
7,702,071 |
|
|
|
432,752 |
|
|
|
208,333 |
|
|
$ |
47.35 |
|
|
$ |
19.00 |
|
|
$ |
59.43 |
|
|
|
8.59 |
|
|
$ |
104,864 |
|
| Vested and expected to vest as of December 31, 2015 |
|
|
7,351,098 |
|
|
|
432,752 |
|
|
|
208,333 |
|
|
$ |
47.22 |
|
|
$ |
19.00 |
|
|
$ |
59.43 |
|
|
|
8.47 |
|
|
$ |
101,824 |
|
| Exercisable as of December 31, 2015 |
|
|
808,794 |
|
|
|
432,752 |
|
|
|
— |
|
|
$ |
29.23 |
|
|
$ |
19.00 |
|
|
$ |
— |
|
|
|
5.84 |
|
|
$ |
40,890 |
|
|
| Schedule of restricted share activity of NCLH shares |
| |
|
Number of
Time-Based
Awards |
|
|
Weighted-
Average Grant
Date Fair Value |
|
|
Number of
Performance-
Based Awards |
|
|
Weighted-
Average Grant
Date Fair Value |
|
| Non-vested as of January 1, 2015 |
|
|
196,644 |
|
|
$ |
3.43 |
|
|
|
1,208,608 |
|
|
$ |
3.37 |
|
| Granted |
|
|
6,881 |
|
|
|
50.23 |
|
|
|
— |
|
|
|
— |
|
| Vested |
|
|
(83,958 |
) |
|
|
6.68 |
|
|
|
(620,739 |
) |
|
|
3.92 |
|
| Forfeited or expired |
|
|
(75,914 |
) |
|
|
2.68 |
|
|
|
(587,869 |
) |
|
|
2.79 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-vested and expected to vest as of December 31, 2015 |
|
|
43,653 |
|
|
$ |
5.87 |
|
|
|
— |
|
|
$ |
— |
|
|
| Schedule of restricted stock units activity |
| |
|
Number of
Time-Based
Awards |
|
|
Weighted-
Average Grant
Date Fair Value |
|
|
Number of
Market-Based
Awards |
|
|
Weighted-
Average Grant
Date Fair
Value |
|
| Non-vested as of January 1, 2015 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
150,000 |
|
|
$ |
59.43 |
|
|
|
50,000 |
|
|
$ |
59.43 |
|
| Vested |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Forfeited or expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Non-vested and expected to vest as of December 31, 2015 |
|
|
150,000 |
|
|
$ |
59.43 |
|
|
|
50,000 |
|
|
$ |
59.43 |
|
|
| Schedule of amounts related to the Shipboard Retirement Plan |
| |
|
As of or for the Year Ended December 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
2013 |
|
| Pension expense: |
|
|
|
|
|
|
|
|
|
|
|
|
| Service cost |
|
$ |
1,793 |
|
|
$ |
1,393 |
|
|
$ |
1,498 |
|
| Interest cost |
|
|
738 |
|
|
|
728 |
|
|
|
603 |
|
| Amortization of prior service cost |
|
|
378 |
|
|
|
378 |
|
|
|
378 |
|
| Amortization of actuarial loss |
|
|
99 |
|
|
|
— |
|
|
|
90 |
|
| Total pension expense |
|
$ |
3,008 |
|
|
$ |
2,499 |
|
|
$ |
2,569 |
|
| Change in projected benefit
obligation: |
|
|
|
|
|
|
|
|
|
|
|
|
| Projected benefit obligation at beginning of year |
|
$ |
19,730 |
|
|
$ |
15,570 |
|
|
$ |
16,221 |
|
| Service cost |
|
|
1,793 |
|
|
|
1,393 |
|
|
|
1,498 |
|
| Interest cost |
|
|
738 |
|
|
|
728 |
|
|
|
603 |
|
| Actuarial gain (loss) |
|
|
(625 |
) |
|
|
2,689 |
|
|
|
(2,070 |
) |
| Direct benefit payments |
|
|
(558 |
) |
|
|
(650 |
) |
|
|
(682 |
) |
| Projected benefit obligation at end of year |
|
$ |
21,078 |
|
|
$ |
19,730 |
|
|
$ |
15,570 |
|
| Amounts recognized in the consolidated balance sheets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Projected benefit obligation |
|
$ |
21,078 |
|
|
$ |
19,730 |
|
|
$ |
15,570 |
|
| |
|
As of or for the Year Ended December 31, |
|
| |
|
2015 |
|
|
2014 |
|
|
2013 |
|
| Amounts recognized in accumulated other comprehensive income (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
| Prior service cost |
|
$ |
(5,293 |
) |
|
$ |
(5,671 |
) |
|
$ |
(6,049 |
) |
| Accumulated actuarial loss |
|
|
(3,126 |
) |
|
|
(3,849 |
) |
|
|
(1,160 |
) |
| Accumulated other comprehensive income (loss) |
|
$ |
(8,419 |
) |
|
$ |
(9,520 |
) |
|
$ |
(7,209 |
) |
|
| Schedule of pension benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter |
| Year |
|
Amount |
|
| 2016 |
|
$ |
1,128 |
|
| 2017 |
|
|
1,079 |
|
| 2018 |
|
|
1,092 |
|
| 2019 |
|
|
1,170 |
|
| 2020 |
|
|
1,211 |
|
| Next five years |
|
|
7,750 |
|
|
| Time Based Options |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of assumptions used within the option-pricing model and Monte-Carlo simulation |
| |
2015 |
|
2014 |
|
|
2013 |
| Dividend yield |
—% |
|
—% |
|
|
—% |
| Expected share price volatility |
32.32%-45.33% |
|
48.30%-49.90% |
|
|
50.40%-54.80% |
| Risk-free interest rate |
1.34%-1.92% |
|
1.80%-2.02% |
|
|
0.8%-1.82% |
| Expected term |
6.00-6.50 years |
|
6.25 years |
|
|
5.00-6.25 years |
|
| Performance Based Options |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of assumptions used within the option-pricing model and Monte-Carlo simulation |
| |
2015 |
|
| Dividend yield |
0% |
|
| Expected share price volatility |
29.31%-29.86% |
|
| Risk-free interest rate |
1.76% |
|
| Expected term |
4.88-5.38 years |
|
|
| Market Based Share Option Awards |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of assumptions used within the option-pricing model and Monte-Carlo simulation |
| |
2015 |
|
| Dividend yield |
0% |
|
| Expected share price volatility |
30.00% |
|
| Risk-free interest rate |
1.34% |
|
| Expected term |
Mid-point from vesting to assumed options expiration |
|
|
| Restricted Share Units ("RSUs") |
|
| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
|
| Schedule of assumptions used within the option-pricing model and Monte-Carlo simulation |
| |
2015 |
|
| Dividend yield |
0% |
|
| Expected share price volatility |
30.00% |
|
| Risk-free interest rate |
1.34% |
|
| Expected term |
Mid-point from vesting to assumed awards expiration |
|
|