Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Earnings Per Share

The following table presents computations of basic and diluted earnings per share under the two-class method:

 

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

 

2020

 

 

2019

 

Numerator:

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to Cinemark Holdings, Inc.

 

 

$

(59,591

)

 

$

32,728

 

Loss (earnings) allocated to participating share-based awards (1)

 

 

 

350

 

 

 

(183

)

Net income (loss) attributable to common stockholders

 

 

$

(59,241

)

 

$

32,545

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

Basic weighted average common stock outstanding

 

 

 

116,496

 

 

 

116,179

 

Common equivalent shares for restricted stock units (2)

 

 

$

 

 

 

239

 

Diluted common equivalent shares

 

 

 

116,496

 

 

 

116,418

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share attributable to common stockholders

 

 

$

(0.51

)

 

$

0.28

 

Diluted earnings (loss) per share attributable to common stockholders

 

 

$

(0.51

)

 

$

0.28

 

 

 

(1)

For the three months ended March 31, 2020 and 2019, a weighted average of approximately 683 and 659 shares of restricted stock, respectively, were considered participating securities.  

 

(2)

For the three months ended March 31, 2020, approximately 92 common equivalent shares for restricted stock units were excluded because they were anti-dilutive.