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Quarterly Selected Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Selected Financial Data
 
(In thousands, except per share data)
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
 
2015
 
2014
Total revenues(1)
$
1,815,599

 
$
1,887,224

 
$
2,058,322

 
$
1,980,043

 
$
2,523,100

 
$
2,388,762

 
$
1,902,053

 
$
1,817,826

Operating income(2)(3)
$
105,682

 
$
97,466

 
$
261,297

 
$
195,587

 
$
258,005

 
$
529,462

 
$
249,918

 
$
119,344

Net income(2)(3)(4)
$
45,230

 
$
26,457

 
$
184,967

 
$
137,673

 
$
228,787

 
$
490,248

 
$
206,799

 
$
109,768

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.21

 
$
0.12

 
$
0.84

 
$
0.62

 
$
1.04

 
$
2.20

 
$
0.95

 
$
0.50

Diluted
$
0.20

 
$
0.12

 
$
0.84

 
$
0.62

 
$
1.03

 
$
2.19

 
$
0.94

 
$
0.49

Dividends declared per share
$
0.30

 
$
0.25

 
$
0.30

 
$
0.25

 
$
0.38

 
$
0.30

 
$
0.38

 
$
0.30

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(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 third quarter of 2015 include an impairment charge of $411.3 million to write down Pullmantur's goodwill, trademarks and trade names and certain long-lived assets to their fair value. Amounts for the third quarter of 2014 include a loss of $17.4 million due to the sale of Celebrity Century.
(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. Refer to Note 2. Summary of Significant Accounting Policies for further information.
(4)
Amount for the third quarter of 2015 includes a tax benefit of $12.0 million related to the Pullmantur impairment. Amount for the fourth quarter of 2014 includes a $33.5 million tax benefit related to the reversal of a deferred tax asset valuation allowance due to Spanish tax reform. Refer to Note 12. Income Taxes for further information.