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Equity
 6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Equity

5. 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, 2012 and 2011:

 

                         
    Cinemark              
    Holdings, Inc.              
    Stockholders’     Noncontrolling     Total  
    Equity     Interests     Equity  

Balance at January 1, 2012

   $ 1,012,877     $ 10,762     $ 1,023,639  

Share based awards compensation expense

     6,868       —         6,868  

Stock withholdings related to restricted stock that vested
during the six months ended June 30, 2012

     (3,263 )      —         (3,263 ) 

Exercise of stock options

     2       —         2  

Tax benefit related to restricted stock vesting

     906       —         906  

Dividends paid to stockholders (1)

     (48,106 )      —         (48,106 ) 

Dividends accrued on unvested restricted stock unit awards (1)

     (310 )      —         (310 ) 

Dividends paid to noncontrolling interests

     —         (560 )      (560 ) 

Net income

     93,742       1,273       95,015  

Fair value adjustments on interest rate swap agreements designated as hedges, net of taxes of $24

     44       —         44  

Amortization of accumulated other comprehensive loss on terminated swap agreement

     1,976       —         1,976  

Fair value adjustments on available-for-sale securities, net of taxes of $3,219

     5,365       —         5,365  

Foreign currency translation adjustment

     (23,247 )      (193 )      (23,440 ) 
   

 

 

    

 

 

    

 

 

  

Balance at June 30, 2012

   $ 1,046,854     $ 11,282     $ 1,058,136  
   

 

 

    

 

 

    

 

 

  
                         
    Cinemark              
    Holdings, Inc.              
    Stockholders’     Noncontrolling     Total  
    Equity     Interests     Equity  

Balance at January 1, 2011

   $ 1,021,547     $ 11,605     $ 1,033,152  
       

Purchase of noncontrolling interests’ share of Chile subsidiary

     (917 )      (526 )      (1,443 ) 

Share based awards compensation expense

     4,572       —         4,572  

Stock withholdings related to restricted stock that vested during the six months ended June 30, 2011

     (494 )      —         (494 ) 

Exercise of stock options

     445       —         445  

Tax benefit related to stock option exercises and restricted stock vesting

     910       —         910  

Dividends paid to stockholders (2)

     (47,873 )      —         (47,873 ) 

Dividends accrued on unvested restricted stock unit awards (2)

     (334 )      —         (334 ) 

Dividends paid to noncontrolling interests

     —         (1,101 )      (1,101 ) 

Write-off of accumulated other comprehensive loss related to cash flow hedges, net of taxes of $723

     2,037       —         2,037  

Net income

     65,374       957       66,331  

Fair value adjustments on interest rate swap agreements, net of taxes of $292

     (1,030 )      —         (1,030 ) 

Amortization of accumulated other comprehensive loss on terminated swap agreement

     2,259       —         2,259  

Fair value adjustments on available-for-sale securities, net of taxes of $1,082

     (1,720 )      —         (1,720 ) 

Foreign currency translation adjustment

     23,232       148       23,380  
   

 

 

    

 

 

    

 

 

  

Balance at June 30, 2011

   $ 1,068,008     $ 11,083     $ 1,079,091  
   

 

 

    

 

 

    

 

 

  

 

(1)

On May 11, 2012 the Company’s board of directors declared a cash dividend for the first quarter of 2012 in the amount of $0.21 per share of common stock payable to stockholders of record on June 4, 2012. The dividend was paid on June 19, 2012. On February 3, 2012, the Company’s board of directors declared a cash dividend for the fourth quarter of 2011 in the amount of $0.21 per share of common stock payable to stockholders of record on March 2, 2012. The dividend was paid on March 16, 2012.

(2) 

On May 12, 2011, the Company’s board of directors declared a cash dividend for the first quarter of 2011 in the amount of $0.21 per share of common stock payable to stockholders of record on June 6, 2011. The dividend was paid on June 17, 2011. On February 24, 2011, the Company’s board of directors declared a cash dividend for the fourth quarter of 2010 in the amount of $0.21 per share of common stock payable to stockholders of record on March 4, 2011. The dividend was paid on March 16, 2011.