Employee Benefits and Share-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Schedule of summary of option activity |
The following table sets forth a summary of option activity under NCLH’s Restated 2013 Plan for the period presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Number of Share Option Awards | | Weighted-Average Exercise Price | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Outstanding as of January 1, 2019 | | 5,686,793 | | 410,499 | | 208,333 | | $ | 50.65 | | $ | 45.67 | | $ | 59.43 | | 6.22 | | $ | 13,946 | Exercised | | (636,073) | | (138,759) | | — | | | 40.30 | | | 19.00 | | | — | | | | | | Forfeited and cancelled | | (132,166) | | (156,251) | | — | | | 56.13 | | | 59.43 | | | — | | | | | | Outstanding as of December 31, 2019 | | 4,918,554 | | 115,489 | | 208,333 | | $ | 51.84 | | $ | 59.11 | | $ | 59.43 | | 5.42 | | $ | 33,413 | Vested and expected to vest as of December 31, 2019 | | 4,918,554 | | 115,489 | | — | | $ | 51.84 | | $ | 59.11 | | $ | — | | 5.41 | | $ | 33,413 | Exercisable as of December 31, 2019 | | | | | | | | | | | | | | | | | | | | |
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| Schedule of restricted share activity of NCLH shares |
The following is a summary of NCLH’s restricted ordinary share activity for the period presented: | | | | | | | | Number of | | | | | | Time- | | Weighted- | | | Based | | Average Grant | | | Awards | | Date Fair Value | Non-vested as of January 1, 2019 | | 429 | | $ | 58.41 | Vested | | (429) | | | 58.41 | Non-vested as of December 31, 2019 | | — | | $ | — |
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| Schedule of compensation expense recognized for share-based compensation |
The compensation expense recognized for share-based compensation for the periods presented include the following (in thousands): | | | | | | | | | | | | Year Ended December 31, | Classification of expense | | 2019 | | 2018 | | 2017 | Payroll and related (1) | | $ | 17,597 | | $ | 15,629 | | $ | 9,455 | Marketing, general and administrative (2) | | | 77,458 | | | 100,354 | | | 77,584 | Total share-based compensation expense | | $ | 95,055 | | $ | 115,983 | | $ | 87,039 |
| (1) | Amounts relate to equity granted to certain of our shipboard officers. |
| (2) | Amounts relate to equity granted to certain of our corporate employees. |
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| Schedule of amounts related to the Shipboard Retirement Plan |
The amounts related to the Shipboard Retirement Plan were as follows (in thousands): | | | | | | | | | | | | As of or for the Year Ended December 31, | | | 2019 | | 2018 | | 2017 | Pension expense: | | | | | | | | | | Service cost | | $ | 2,135 | | $ | 2,167 | | $ | 1,987 | Interest cost | | | 1,001 | | | 857 | | | 887 | Amortization of prior service cost | | | 378 | | | 378 | | | 378 | Amortization of actuarial loss | | | — | | | 51 | | | 40 | Total pension expense | | $ | 3,514 | | $ | 3,453 | | $ | 3,292 | Change in projected benefit obligation: | | | | | | | | | | Projected benefit obligation at beginning of year | | $ | 24,318 | | $ | 24,587 | | $ | 22,605 | Service cost | | | 2,135 | | | 2,167 | | | 1,987 | Interest cost | | | 1,001 | | | 857 | | | 887 | Actuarial gain (loss) | | | 2,308 | | | (2,271) | | | 458 | Direct benefit payments | | | (1,067) | | | (1,022) | | | (1,350) | Projected benefit obligation at end of year | | $ | 28,695 | | $ | 24,318 | | $ | 24,587 | Amounts recognized in the consolidated balance sheets: | | | | | | | | | | Projected benefit obligation | | $ | 28,695 | | $ | 24,318 | | $ | 24,587 |
| | | | | | | | | | | | For the Year Ended December 31, | | | 2019 | | 2018 | | 2017 | Amounts recognized in accumulated other comprehensive income (loss): | | | | | | | | | | Prior service cost | | $ | (3,781) | | $ | (4,159) | | $ | (4,537) | Accumulated actuarial loss | | | (3,413) | | | (1,105) | | | (3,426) | Accumulated other comprehensive income (loss) | | $ | (7,194) | | $ | (5,264) | | $ | (7,963) |
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| Schedule of pension benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter |
The pension benefits expected to be paid in each of the next five years and in aggregate for the five years thereafter are as follows (in thousands): | | | | Year | | Amount | 2020 | | $ | 922 | 2021 | | | 949 | 2022 | | | 1,045 | 2023 | | | 1,208 | 2024 | | | 1,340 | Next five years | | | 10,585 |
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| Performance Based Options |
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| Share Based Compensation Arrangement By Share Based Payment Award [Line Items] |
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| Schedule of assumptions used within the option-pricing model |
| | | | | | | | 2018 | | 2017 | | Dividend yield | | —% | | —% | | Expected share price volatility | | 31.50% - 32.20% | | 25.97% | | Risk-free interest rate | | 2.48% - 2.58% | | 1.81% | | Expected term | | 3.72 - 4.22 years | | 4.20 years | |
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