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Fair Value Measurements and Derivative Instruments - Pullmantur Goodwill, Intangible Assets, and Long-lived Assets (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Asset Impairment Charges [Abstract]          
Long-lived assets—Pullmantur aircraft and vessels, Total Impairment     $ 113,200    
Total, Total Impairment $ 411,267 $ 0 411,267 $ 0  
Fair Value, Measurements, Nonrecurring | Level 3          
Assets and liabilities measured on a recurring basis          
Total Assets 0   0   $ 0
Total Carrying Amount | Fair Value, Measurements, Nonrecurring          
Assets and liabilities measured on a recurring basis          
Total Assets 147,419   147,419   189,241
Total Fair Value | Fair Value, Measurements, Nonrecurring          
Assets and liabilities measured on a recurring basis          
Total Assets 147,419   147,419   $ 189,241
Pullmantur          
Asset Impairment Charges [Abstract]          
Pullmantur Goodwill, Total Impairment [1]     123,814    
Indefinite-life intangible asset—Pullmantur trademarks and trade names, Total Impairment [2]     174,285    
Long-lived assets—Pullmantur aircraft and vessels, Total Impairment [3]     113,168    
Total, Total Impairment     $ 411,267    
Pullmantur | Goodwill          
Fair Value Inputs [Abstract]          
Discount rate     11.00%    
Pullmantur | Intangible Assets          
Fair Value Inputs [Abstract]          
Discount rate     11.50%    
Pullmantur | Fair Value, Measurements, Nonrecurring | Level 3          
Assets and liabilities measured on a recurring basis          
Pullmantur Goodwill [1] 0   $ 0    
Indefinite-life intangible asset—Pullmantur trademarks and trade names [2] 0   0    
Long-lived assets—Pullmantur aircraft and vessels [3] 147,900   147,900    
Total Assets 147,900   147,900    
Pullmantur | Total Carrying Amount | Fair Value, Measurements, Nonrecurring          
Assets and liabilities measured on a recurring basis          
Pullmantur Goodwill [1] 0   0    
Indefinite-life intangible asset—Pullmantur trademarks and trade names [2] 0   0    
Long-lived assets—Pullmantur aircraft and vessels [3] 147,900   147,900    
Total Assets 147,900   147,900    
Pullmantur | Total Fair Value | Fair Value, Measurements, Nonrecurring          
Assets and liabilities measured on a recurring basis          
Pullmantur Goodwill [1] 0   0    
Indefinite-life intangible asset—Pullmantur trademarks and trade names [2] 0   0    
Long-lived assets—Pullmantur aircraft and vessels [3] 147,900   147,900    
Total Assets $ 147,900   $ 147,900    
[1] We estimated the fair value of the Pullmantur reporting unit using a probability-weighted discounted cash flow model. The principal assumptions used in the discounted cash flow model are projected operating results, weighted-average cost of capital and terminal value. Significantly impacting these assumptions was the decision to reduce the size of Pullmantur's fleet. The discounted cash flow model used our 2016 projected operating results as a base. To that base we added future years’ cash flows through 2020 assuming multiple revenue and expense scenarios that reflect the impact of different global economic environments for this period on Pullmantur’s reporting unit. We assigned a probability to each revenue and expense scenario. We discounted the projected cash flows using rates specific to Pullmantur’s reporting unit based on its weighted-average cost of capital, which was determined to be 11%. (2) We estimated the fair value of our indefinite-life intangible asse
[2] We estimated the fair value of our indefinite-life intangible asset using a discounted cash flow model and the relief-from-royalty method. These trademarks and trade names relate to Pullmantur and we have used a discount rate of 11.5%, comparable to the rate used in valuing the Pullmantur reporting unit.
[3] We estimated the fair value of our long-lived assets using the market approach for the aircraft and a blended indication from the cost and market approaches for the vessels. A significant input in performing the fair value assessments for these assets was comparable market transactions.