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NCL Corp. Ltd. – ‘10-Q’ for 9/30/22 – ‘R28’

On:  Tuesday, 11/8/22, at 3:23pm ET   ·   For:  9/30/22   ·   Accession #:  1558370-22-16840   ·   File #:  333-128780

Previous ‘10-Q’:  ‘10-Q’ on 8/9/22 for 6/30/22   ·   Next:  ‘10-Q’ on 5/5/23 for 3/31/23   ·   Latest:  ‘10-Q’ on 5/7/24 for 3/31/24   ·   1 Reference:  To:  Norwegian Cruise Line Holdings Ltd. – ‘8-K’ on 7/29/22 for 7/26/22

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/08/22  NCL Corp. Ltd.                    10-Q        9/30/22   70:9M                                     Toppan Merrill Bridge/FA

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   2.19M 
 2: EX-31.1     Certification -- §302 - SOA'02                      HTML     25K 
 3: EX-31.2     Certification -- §302 - SOA'02                      HTML     25K 
 4: EX-32.1     Certification -- §906 - SOA'02                      HTML     22K 
10: R1          Document and Entity Information                     HTML     67K 
11: R2          Consolidated Statements of Operations               HTML     87K 
12: R3          Consolidated Statements of Comprehensive Loss       HTML     53K 
13: R4          Consolidated Balance Sheets                         HTML    127K 
14: R5          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
15: R6          Consolidated Statements of Cash Flows               HTML    107K 
16: R7          Consolidated Statements of Changes in               HTML     67K 
                Shareholders' Equity                                             
17: R8          Description of Business and Organization            HTML     24K 
18: R9          Summary of Significant Accounting Policies          HTML     59K 
19: R10         Revenue Recognition                                 HTML     44K 
20: R11         Leases                                              HTML     37K 
21: R12         Accumulated Other Comprehensive Income (Loss)       HTML     78K 
22: R13         Property and Equipment, net                         HTML     24K 
23: R14         Long-Term Debt                                      HTML    116K 
24: R15         Fair Value Measurements and Derivatives             HTML    461K 
25: R16         Employee Benefits and Compensation Plans            HTML     80K 
26: R17         Commitments and Contingencies                       HTML     33K 
27: R18         Other Income (Expense), Net                         HTML     23K 
28: R19         Supplemental Cash Flow Information                  HTML     23K 
29: R20         Related Party Disclosures                           HTML     26K 
30: R21         Summary of Significant Accounting Policies          HTML     70K 
                (Policies)                                                       
31: R22         Summary of Significant Accounting Policies          HTML     47K 
                (Tables)                                                         
32: R23         Revenue Recognition (Tables)                        HTML     36K 
33: R24         Leases (Tables)                                     HTML     35K 
34: R25         Accumulated Other Comprehensive Income (Loss)       HTML     75K 
                (Tables)                                                         
35: R26         Long-Term Debt (Tables)                             HTML    107K 
36: R27         Fair Value Measurements and Derivatives (Tables)    HTML    460K 
37: R28         Employee Benefits and Compensation Plans (Tables)   HTML     80K 
38: R29         Description of Business and Organization (Details)  HTML     36K 
39: R30         Summary of Significant Accounting Policies -        HTML     35K 
                Liquidity and Management's Plan (Details)                        
40: R31         Summary of Significant Accounting Policies -        HTML     47K 
                Revisions to Previously Reported Quarterly                       
                Financial Statements (Details)                                   
41: R32         Summary of Significant Accounting Policies          HTML     42K 
                (Details)                                                        
42: R33         Revenue Recognition - Disaggregation of Revenue     HTML     35K 
                (Details)                                                        
43: R34         Revenue Recognition (Details)                       HTML     49K 
44: R35         Leases (Details)                                    HTML     26K 
45: R36         Leases - Lease Balances (Details)                   HTML     33K 
46: R37         Accumulated Other Comprehensive Income (Loss)       HTML     42K 
                (Details)                                                        
47: R38         Accumulated Other Comprehensive Income (Loss) -     HTML     24K 
                Additional Information (Details)                                 
48: R39         Property and Equipment, net (Details)               HTML     26K 
49: R40         Long-Term Debt - Summary of Long-Term Debt -        HTML     94K 
                Additional Information (Details)                                 
50: R41         Long-Term Debt - Convertible Debt Instrument        HTML     48K 
                (Details)                                                        
51: R42         Long-Term Debt - Interest Expense (Details)         HTML     29K 
52: R43         Long-Term Debt - Schedule of Principal Repayments   HTML     41K 
                on Long-Term Debt Including Exchangeable Notes and               
                Finance Lease Obligations (Details)                              
53: R44         Fair Value Measurements and Derivatives -           HTML     61K 
                Derivatives Measured at Fair Value and Disclosed                 
                by Balance Sheet Location (Details)                              
54: R45         Fair Value Measurements and Derivatives - Amounts   HTML     49K 
                Recognized within Assets and Liabilities Based on                
                Right of Offset (Details)                                        
55: R46         Fair Value Measurements and Derivatives - Effects   HTML     52K 
                of Derivatives Designated as Cash Flow Hedges                    
                (Details)                                                        
56: R47         Fair Value Measurements and Derivatives - Effects   HTML     68K 
                of Cash Flow Hedge Accounting on Consolidated                    
                Statements of Operations (Details)                               
57: R48         Fair Value Measurements and Derivatives - Effects   HTML     32K 
                of Derivatives Not Designated as Hedging                         
                Instruments on Consolidated Statements of                        
                Operations (Details)                                             
58: R49         Fair Value Measurements and Derivatives (Details)   HTML     50K 
59: R50         Employee Benefits and Compensation Plans (Details)  HTML     46K 
60: R51         Employee Benefits and Compensation Plans - Summary  HTML     55K 
                of Restricted Share Units (Details)                              
61: R52         Employee Benefits and Compensation Plans - Summary  HTML     28K 
                of Compensation Expense Recognized for Share-Based               
                Compensation (Details)                                           
62: R53         Commitments and Contingencies (Details)             HTML     79K 
63: R54         Other Income (Expense), Net (Details)               HTML     22K 
64: R55         Supplemental Cash Flow Information (Details)        HTML     22K 
65: R56         Related Party Disclosures (Details)                 HTML     35K 
68: XML         IDEA XML File -- Filing Summary                      XML    129K 
66: XML         XBRL Instance -- nclc-20220930x10q_htm               XML   2.64M 
67: EXCEL       IDEA Workbook of Financial Reports                  XLSX    130K 
 6: EX-101.CAL  XBRL Calculations -- nclc-20220930_cal               XML    137K 
 7: EX-101.DEF  XBRL Definitions -- nclc-20220930_def                XML    620K 
 8: EX-101.LAB  XBRL Labels -- nclc-20220930_lab                     XML    923K 
 9: EX-101.PRE  XBRL Presentations -- nclc-20220930_pre              XML    825K 
 5: EX-101.SCH  XBRL Schema -- nclc-20220930                         XSD    157K 
69: JSON        XBRL Instance as JSON Data -- MetaLinks              355±   536K 
70: ZIP         XBRL Zipped Folder -- 0001558370-22-016840-xbrl      Zip    335K 


‘R28’   —   Employee Benefits and Compensation Plans (Tables)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
 <>  v3.22.2.2
Employee Benefits and Compensation Plans (Tables)
9 Months Ended
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of summary of restricted share unit activity

    

Number of

    

Weighted-

    

Number of

    

Weighted-

    

Number of

    

Weighted-

Time-Based

Average Grant

Performance-

Average Grant

Market-

Average Grant

Awards

Date Fair Value

Based Awards

Date Fair Value

Based Awards

Date Fair Value

Non-vested as of January 1, 2022

7,771,623

$

27.02

1,841,113

$

35.68

50,000

$

59.43

Granted

 

4,890,659

18.56

 

1,857,750

18.48

 

Vested

 

(4,927,151)

25.18

 

(520,129)

28.39

 

Forfeited or expired

 

(287,949)

24.07

 

(292,043)

35.59

 

Non-vested as of September 30, 2022

 

7,447,182

22.80

 

2,886,691

25.93

 

50,000

59.43

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):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2022

    

2021

    

2022

    

2021

Payroll and related expense

$

4,677

$

6,525

$

16,613

$

16,225

Marketing, general and administrative expense

 

21,406

 

33,397

 

72,310

 

72,749

Total share-based compensation expense

$

26,083

$

39,922

$

88,923

$

88,974


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:11/8/228-K
For Period end:9/30/22
1/1/22
 List all Filings 


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/29/22  Norwegian Cruise Line Holdin… Ltd 8-K:1,8,9   7/26/22   12:3.1M                                   Toppan Merrill/FA
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Filing Submission 0001558370-22-016840   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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