Quarterly Selected Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2012

Quarterly Selected Financial Data (Unaudited)

Quarterly Selected Financial Data (Unaudited)

Note 15. Quarterly Selected Financial Data (Unaudited)

	(In thousands, except per share data)
	First Quarter				Second Quarter					Third Quarter				Fourth Quarter
	2012		2011		2012			2011		2012		2011		2012			2011
Total revenues(1)	$	1,834,480	$	1,671,995	$	1,821,004		$	1,767,873	$	2,226,390	$	2,321,994	$	1,806,150		$	1,775,401
Operating income(2)	$	135,375	$	149,534	$	96,905		$	168,190	$	452,137	$	507,742	$	(281,307	)	$	106,162
Net income (loss)(2),(3)	$	46,964	$	78,410	$	(3,653	)	$	93,491	$	367,779	$	398,958	$	(392,803	)	$	36,562
Earnings per share:
Basic	$	0.22	$	0.36	$	(0.02	)	$	0.43	$	1.69	$	1.84	$	(1.80	)	$	0.17
Diluted	$	0.21	$	0.36	$	(0.02	)	$	0.43	$	1.68	$	1.82	$	(1.80	)	$	0.17
Dividends declared per share	$	0.10	$	—	$	0.10		$	—	$	0.12	$	0.10	$	0.12		$	0.10

(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 fourth quarter of 2012, include an impairment charge of $385.4 million to write down Pullmantur's goodwill to its implied fair value and to write down trademarks and trade names and certain long-lived assets, consisting of three aircraft owned and operated by Pullmantur Air, to their fair value.

(3)

Amounts for the fourth quarter of 2012, include a $33.7 million charge to record a 100% valuation allowance related to our deferred tax assets for Pullmantur. In addition, we reduced the deferred tax liability related to Pullmantur's trademarks and trade names by $5.2 million. These adjustments resulted in an increase of $28.5 million to other (expense) income.