Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of changes in the carrying amount of goodwill for each reporting unit

The changes in the carrying amount of goodwill for each reporting unit for the year ended December 31, 2020 are as follows (in thousands):

Reporting Unit

Norwegian

Regent

Cruise

Oceania

Seven Seas

Total

Line

    

Cruises

    

Cruises

    

Goodwill

Balance, December 31, 2019

 

$

403,805

$

523,026

$

462,100

$

1,388,931

Impairment loss

 

(403,805)

 

(523,026)

 

(363,966)

 

(1,290,797)

Balance, December 31, 2020

$

$

$

98,134

$

98,134

Schedule of gross carrying amounts included within goodwill and intangible assets, related accumulated amortization and the weighted-average amortization periods of intangible assets

The gross carrying amounts of intangible assets included within other long-term assets, the related accumulated amortization, the net carrying amounts and the weighted-average amortization periods of the Company’s intangible assets are listed in the following tables (in thousands, except amortization period):

December 31, 2020

Weighted-

Average

Gross Carrying 

Accumulated

Net Carrying

 Amortization

    

Amount

    

Amortization

    

Amount

    

Period (Years)

Customer relationships

$

120,000

$

(120,000)

$

 

6.0

License

 

750

 

(406)

 

344

 

10.0

Total intangible assets subject to amortization

$

120,750

$

(120,406)

$

344

 

  

December 31, 2019

    

    

    

Weighted-

Average

Gross Carrying

Accumulated

Net Carrying 

Amortization

    

Amount

    

Amortization

    

Amount

    

Period (Years)

Customer relationships

$

120,000

$

(110,169)

$

9,831

 

6.0

Licenses

 

750

 

(331)

 

419

 

10.0

Total intangible assets subject to amortization

$

120,750

$

(110,500)

$

10,250

 

  

Schedule of aggregate amortization expense

The aggregate amortization expense is as follows (in thousands):

Year Ended December 31, 

    

2020

    

2019

 

2018

Amortization expense

$

9,906

$

18,488

$

26,163

Schedule of estimated aggregate amortization expense

The following table sets forth the Company’s estimated aggregate amortization expense for each of the five years below (in thousands):

    

Amortization

Year ended December 31, 

Expense

2021

$

75

2022

75

2023

75

2024

75

2025

44