Earnings Per Share

9 Months Ended

Sep. 30, 2019

A reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share data):



	Quarter Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Net Income attributable to Royal Caribbean Cruises Ltd. for basic and diluted earnings per share	$	883,240	$	810,391	$	1,605,751	$	1,495,339
Weighted-average common shares outstanding	209,575		209,054		209,477		211,099
Dilutive effect of stock-based awards	546		874		555		874
Diluted weighted-average shares outstanding	210,121		209,928		210,032		211,973
Basic earnings per share	$	4.21	$	3.88	$	7.67	$	7.08
Diluted earnings per share	$	4.20	$	3.86	$	7.65	$	7.05

There were no antidilutive shares for the quarters and nine months ended September 30, 2019 and 2018.