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Quarterly Selected Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
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
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Total revenues(1)
$
1,917,795

 
$
1,815,599

 
$
2,105,262

 
$
2,058,322

 
$
2,563,741

 
$
2,523,100

 
$
1,909,603

 
$
1,902,053

Operating income(2)
$
163,127

 
$
105,682

 
$
282,273

 
$
261,297

 
$
734,963

 
$
258,005

 
$
296,842

 
$
249,918

Net income(2)(3)(4)
$
99,140

 
$
45,230

 
$
229,905

 
$
184,967

 
$
693,257

 
$
228,787

 
$
261,086

 
$
206,799

Earnings per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.46

 
$
0.21

 
$
1.07

 
$
0.84

 
$
1.04

 
$
1.04

 
$
1.22

 
$
0.94

Diluted
$
0.46

 
$
0.20

 
$
1.06

 
$
0.84

 
$
1.03

 
$
1.03

 
$
1.21

 
$
0.95

Dividends declared per share
$
0.375

 
$
0.30

 
$
0.375

 
$
0.30

 
$
0.48

 
$
0.375

 
$
0.48

 
$
0.375

___________________________________
(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.
(3)
Amount for the first quarter of 2016 includes $21.7 million net loss related to the elimination of the Pullmantur reporting lag.
(4)
Amount for the third quarter of 2015 includes a tax benefit of $12.0 million related to the Pullmantur impairment. Refer to Note 12. Income Taxes for further information.