Quarterly report pursuant to Section 13 or 15(d)

Loss Per Share (Tables)

v3.21.1
Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Loss Per Share

The following table presents computations of basic and diluted loss per share:

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2021

 

 

2020

 

Numerator:

 

 

 

 

 

 

 

 

Net loss attributable to Cinemark Holdings, Inc.

 

$

(208,241

)

 

$

(59,591

)

Loss allocated to participating share-based awards (1)

 

 

3,144

 

 

 

350

 

Net loss attributable to common stockholders

 

$

(205,097

)

 

$

(59,241

)

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

Basic weighted average common stock outstanding

 

 

117,177

 

 

 

116,496

 

Common equivalent shares for restricted stock units (2)

 

 

 

 

 

 

Common equivalent shares for convertible notes (3)

 

 

 

 

 

 

Diluted common equivalent shares

 

 

117,177

 

 

 

116,496

 

 

 

 

 

 

 

 

 

 

Basic loss per share attributable to common stockholders

 

$

(1.75

)

 

$

(0.51

)

Diluted loss per share attributable to common stockholders

 

$

(1.75

)

 

$

(0.51

)

 

 

(1)

For the three months ended March 31, 2021 and 2020, a weighted average of approximately 1,797 and 683 shares of restricted stock, respectively, were considered participating securities.  

 

(2)

For the three months ended March 31, 2021 and 2020, approximately 65 and 92, respectively, common equivalent shares for restricted stock units were excluded because they were anti-dilutive.

 

(3)

For the three months ended March 31, 2021, excludes the conversion of the 4.50% Convertible Senior Notes, issued August 21, 2020, into 32,051 shares of common stock, as they would be anti-dilutive.