Business Combination (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Schedule of Business Acquisitions

The following table summarizes the purchase price allocation based on preliminary estimated fair value of the assets acquired and liabilities assumed related to the Silversea Cruises acquisition. We have not finalized the allocation of the purchase price as it requires extensive use of accounting estimates and valuation methodologies in the determination of such fair values.

(in thousands)
Assets
Cash and cash equivalents	$	103,865
Trade and other receivables, net	5,640
Inventories	19,004
Prepaid expenses and other assets(1)	119,920
Derivative financial instruments	2,886
Property and equipment, net(2)	1,109,467
Goodwill	1,086,539
Other assets(3)	494,657
Total assets acquired	2,941,978
Liabilities
Current portion of long-term debt(4)	26,851
Accounts payable	36,960
Accrued interest	1,773
Accrued expenses and other liabilities	80,571
Customer deposits	453,798
Long-term debt(4)	727,935
Other long-term liabilities	12,320
Total liabilities assumed	1,340,208
Redeemable noncontrolling interest	537,770
Total purchase price	$	1,064,000

(1) Amount includes $32.0 million of cash held as collateral with credit card processors.

(2) Property and equipment, net includes two ships under capital lease agreements amounting to $140.0 million. The respective capital lease liabilities are reported within Long-term debt. Refer to Note 8. Debt for further information on the capital lease financing arrangements.

(3) Amount includes $490.8 million of intangible assets. Refer to Note 4. Goodwill and Intangible Assets for further information on the intangible assets acquired.

(4) Refer to Note 8. Debt for further information on long-term debt assumed.