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Impairment
9 Months Ended
Aug. 31, 2011
Impairment

NOTE 9 – Impairment

During the three months ended August 31, 2011, we recorded a $13 million impairment charge as a result of the sale of the
754-passenger capacity Costa Marina, which is expected to leave the fleet in November 2011. This impairment charge is included in other ship operating expenses in the accompanying Consolidated Statements of Income.