(Loss) Per Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

(Loss) Per Share

Note 5. (Loss) Per Share

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

	Quarter Ended March 31,
	2021		2020
Net (Loss) attributable to Royal Caribbean Cruises Ltd. for basic and diluted loss per share	$	(1,131,722)	$	(1,444,479)
Weighted-average common shares outstanding	243,004		209,097
Diluted weighted-average shares outstanding	243,004		209,097
Basic (loss) per share	$	(4.66)	$	(6.91)
Diluted (loss) per share	$	(4.66)	$	(6.91)

There were approximately 413,501 and 877,000 antidilutive shares for the quarters ended March 31, 2021 and March 31, 2020, respectively.

Since the Company expects to settle in cash the principal outstanding convertible notes that mature in 2023, we currently use the treasury stock method when calculating their potential dilutive effect, if any. While no shares of the convertible notes are currently convertible, they would be anti-dilutive for the three months ended March 31, 2021.