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Equity (Tables)
3 Months Ended
Mar. 31, 2015
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 three months ended March 31, 2015 and 2014:

 

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

Balance at January 1, 2015

  $ 1,112,800      $ 10,329      $ 1,123,129   

Share based awards compensation expense

    3,498        —          3,498   

Stock withholdings related to share based awards that vested during the three months ended March 31, 2015

    (4,748     —          (4,748

Tax benefit related to share based awards vesting

    2,244        —          2,244   

Dividends paid to stockholders (1)

    (28,923     —          (28,923

Dividends accrued on unvested restricted stock unit awards (1)

    (101     —          (101

Net income

    42,521        381        42,902   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $453

    757        —          757   

Fair value adjustments on available-for-sale securities, net of taxes of $444

    766        —          766   

Other comprehensive income in equity method investees

    384        —          384   

Foreign currency translation adjustments

    (46,681     6        (46,675
 

 

 

   

 

 

   

 

 

 

Balance at March 31, 2015

$ 1,082,517    $ 10,716    $ 1,093,233   
 

 

 

   

 

 

   

 

 

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

Balance at January 1, 2014

  $ 1,093,422      $ 8,995      $ 1,102,417   

Share based awards compensation expense

    3,523        —          3,523   

Stock withholdings related to share based awards that vested during the three months ended March 31, 2014

    (9,776     —          (9,776

Exercise of stock options

    112          112   

Tax benefit related to share based awards vesting

    3,518        —          3,518   

Dividends paid to stockholders (2)

    (28,845     —          (28,845

Dividends accrued on unvested restricted stock unit awards (2)

    (171     —          (171

Net income

    35,443        253        35,696   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $368

    497        —          497   

Fair value adjustments on available-for-sale securities, net of taxes of $1,192

    2,023        —          2,023   

Other comprehensive income in equity method investees

    262        —          262   

Foreign currency translation adjustments

    (9,195     6        (9,189
 

 

 

   

 

 

   

 

 

 

Balance at March 31, 2014

$ 1,090,813    $ 9,254    $ 1,100,067   
 

 

 

   

 

 

   

 

 

 

 

(1)  On February 17, 2015, the Company’s board of directors declared a cash dividend for the fourth quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on March 4, 2015. The dividend was paid on March 18, 2015.
(2)  On February 14, 2014, the Company’s board of directors declared a cash dividend for the fourth quarter of 2013 in the amount of $0.25 per share of common stock payable to stockholders of record on March 4, 2014. The dividend was paid on March 19, 2014.