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Quarterly Selected Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Selected Financial Data (Unaudited)
Quarterly Selected Financial Data (Unaudited)
 
(In thousands, except per share data)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Total revenues(1)
$
1,887,224

 
$
1,911,220

 
$
1,980,043

 
$
1,882,767

 
$
2,388,762

 
$
2,311,749

 
$
1,817,826

 
$
1,854,158

Operating income(2)(3)(4)
$
97,466

 
$
165,632

 
$
195,587

 
$
113,338

 
$
529,462

 
$
444,209

 
$
119,344

 
$
74,969

Net income(2)(3)(4)
$
26,457

 
$
76,226

 
$
137,673

 
$
24,747

 
$
490,248

 
$
365,701

 
$
109,768

 
$
7,018

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.12

 
$
0.35

 
$
0.62

 
$
0.11

 
$
2.20

 
$
1.66

 
$
0.50

 
$
0.03

Diluted
$
0.12

 
$
0.35

 
$
0.62

 
$
0.11

 
$
2.19

 
$
1.65

 
$
0.49

 
$
0.03

Dividends declared per share
$
0.25

 
$
0.12

 
$
0.25

 
$
0.12

 
$
0.30

 
$
0.25

 
$
0.30

 
$
0.25

___________________________________
(1)
Our revenues are seasonal based on the demand for cruises. Demand is strongest for cruises during the Northern Hemisphere's summer months and holidays.
(2)
Amounts for the fourth quarter of 2013 include an impairment charge of $33.5 million to write down the assets held for sale related to the businesses to be sold and certain long-lived assets, consisting of aircraft owned and operated by Pullmantur Air, to their fair value.
(3)
Amounts for the third and fourth quarters of 2014 include an aggregate increase to operating income and net income of $16.3 million and $36.8 million, respectively, due to the change in our voyage proration methodology as of September 30, 2014. Amounts for the third quarter of 2014 also include a loss of $17.4 million due to the sale of Celebrity Century.
(4)
Amounts for the fourth quarter of 2014 include a $33.5 million tax benefit related to the reversal of a deferred tax asset valuation allowance due to Spanish tax reform. See Note 12. Income Taxes for further information.