Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.7.0.1
Equity (Tables)
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Summary of Changes in Stockholders' Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the six months ended June 30, 2017 and 2016:

 

 

 

Cinemark

 

 

 

 

 

 

 

 

 

 

 

Holdings, Inc.

 

 

 

 

 

 

 

 

 

 

 

Stockholders’

 

 

Noncontrolling

 

 

Total

 

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at January 1, 2017

 

$

1,261,818

 

 

$

11,142

 

 

$

1,272,960

 

Share based awards compensation expense

 

 

6,444

 

 

 

 

 

 

6,444

 

Stock withholdings related to share based awards that

   vested during the six months ended June 30, 2017

 

 

(2,921

)

 

 

 

 

 

(2,921

)

Dividends paid to stockholders (1)

 

 

(67,528

)

 

 

 

 

 

(67,528

)

Dividends accrued on unvested restricted stock unit

   awards (1)

 

 

(288

)

 

 

 

 

 

(288

)

Dividends paid to noncontrolling interests

 

 

 

 

 

(294

)

 

 

(294

)

Net income

 

 

130,967

 

 

 

1,037

 

 

 

132,004

 

Other comprehensive income in equity method investees

 

 

103

 

 

 

 

 

 

103

 

Foreign currency translation adjustments (see Note 12)

 

 

(5,059

)

 

 

 

 

 

(5,059

)

Balance at June 30, 2017

 

$

1,323,536

 

 

$

11,885

 

 

$

1,335,421

 

 

 

 

Cinemark

 

 

 

 

 

 

 

 

 

 

 

Holdings, Inc.

 

 

 

 

 

 

 

 

 

 

 

Stockholders’

 

 

Noncontrolling

 

 

Total

 

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at January 1, 2016

 

$

1,099,708

 

 

$

11,105

 

 

$

1,110,813

 

Share based awards compensation expense

 

 

7,660

 

 

 

 

 

7,660

 

Stock withholdings related to share based awards that

   vested during the six months ended June 30, 2016

 

 

(6,802

)

 

 

 

 

(6,802

)

Issuance of common stock related to restricted stock units that vested during the six months ended June 30, 2016

 

 

1

 

 

 

 

 

1

 

Tax benefit related to share based awards vesting

 

 

1,785

 

 

 

 

 

1,785

 

Dividends paid to stockholders (2)

 

 

(62,740

)

 

 

 

 

(62,740

)

Dividends accrued on unvested restricted stock unit awards (2)

 

 

(264

)

 

 

 

 

(264

)

Dividends paid to noncontrolling interests

 

 

 

 

(515

)

 

 

(515

)

Net income

 

 

112,431

 

 

 

983

 

 

 

113,414

 

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $138

 

 

234

 

 

 

 

 

234

 

Gain realized on available-for-sale securities, net of

   taxes of $1,180

 

 

(2,011

)

 

 

 

 

(2,011

)

Other comprehensive loss in equity method investees

 

 

(176

)

 

 

 

 

(176

)

Foreign currency translation adjustments

 

 

38,647

 

 

 

20

 

 

 

38,667

 

Balance at June 30, 2016

 

$

1,188,473

 

 

$

11,593

 

 

$

1,200,066

 

 

(1)

The Company’s board of directors declared a cash dividend for the first quarter of 2017 in the amount of $0.29 per share of common stock payable to stockholders of record on June 8, 2017. The dividend was paid on June 22, 2017.  The Company’s board of directors declared a cash dividend for the fourth quarter of 2016 in the amount of $0.29 per share of common stock payable to stockholders of record on March 8, 2017.  The dividend was paid on March 20, 2017.

(2)

The Company’s board of directors declared a cash dividend for the first quarter of 2016 in the amount of $0.27 per share of common stock payable to stockholders of record on June 8, 2016. The dividend was paid on June 22, 2016.  The Company’s board of directors declared a cash dividend for the fourth quarter of 2015 in the amount of $0.27 per share of common stock payable to stockholders of record on March 7, 2016.  The dividend was paid on March 18, 2016.