Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Schedule of convertible debt instruments

The following is a summary of NCLC’s exchangeable notes as of March 31, 2022 (in thousands):

			Unamortized Debt
			Discount,
	Principal		including Deferred		Net Carrying		Fair Value
	Amount		Financing Fees		Amount		Amount		Leveling
2024 Exchangeable Notes	$	146,601	$	(41,185)	$	105,416	$	258,692	Level 2
2025 Exchangeable Notes		450,000		(121,972)		328,028		654,773	Level 2
2027 1.125% Exchangeable Notes		1,150,000		(248,721)		901,279		1,082,840	Level 2
2027 2.5% Exchangeable Notes		473,175		(103,012)		370,163		465,112	Level 2

The following is a summary of NCLC’s exchangeable notes as of December 31, 2021 (in thousands):

			Unamortized Debt
			Discount,
	Principal		including Deferred		Net Carrying		Fair Value
	Amount		Financing Fees		Amount		Amount		Leveling
2024 Exchangeable Notes	$	146,601	$	(44,772)	$	101,829	$	249,358	Level 2
2025 Exchangeable Notes		450,000		(128,603)		321,397		642,591	Level 2
2027 1.125% Exchangeable Notes		1,150,000		(259,380)		890,620		1,088,510	Level 2

Schedule of interest expense of convertible debt instruments

The following provides a summary of the interest expense of NCLC’s exchangeable notes (in thousands):

	Three Months Ended
	March 31,
	2022		2021
Coupon interest	$	12,992	$	24,140
Amortization of discount and deferred financing fees		22,948		23,613
Total	$	35,940	$	47,753

Schedule of principal repayments on long-term debt including finance lease obligations

The following are scheduled principal repayments on our long-term debt including finance lease obligations as of March 31, 2022 for each of the following periods (in thousands):

Year	Amount
Remainder of 2022	$	865,990
2023		937,406
2024		3,686,473
2025		1,070,923
2026		1,974,309
2027		3,025,297
Thereafter		2,205,433
Total	$	13,765,831