Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.20.4
Earnings Per Share (Tables)
12 Months Ended
Dec. 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:

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2018

 

 

2019

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

213,827

 

 

$

191,386

 

 

$

(616,828

)

(Earnings) loss allocated to participating share-based awards (1)

 

 

(1,168

)

 

 

(1,174

)

 

 

4,279

 

Net income (loss) attributable to common stockholders

 

$

212,659

 

 

$

190,212

 

 

$

(612,549

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average shares outstanding

 

 

116,054

 

 

 

116,306

 

 

 

116,667

 

Common equivalent shares for restricted stock units (2)

 

 

288

 

 

 

300

 

 

 

 

Diluted weighted average shares outstanding

 

 

116,342

 

 

 

116,606

 

 

 

116,667

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share attributable to common stockholders

 

$

1.83

 

 

$

1.63

 

 

$

(5.25

)

Diluted earnings (loss) per share attributable to common stockholders

 

$

1.83

 

 

$

1.63

 

 

$

(5.25

)

 

 

(1)

For the years ended December 31, 2018, 2019 and 2020, a weighted average of approximately 640 shares, 721 shares and 815 shares, of unvested restricted stock, respectively, are considered participating securities.

 

(2)

For the year ended December 31, 2020, approximately 682 common equivalent shares for restricted stock units were excluded because they were anti-dilutive.