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Earnings Per Share | 3 Months Ended
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Mar. 31, 2020
Earnings Per Share [Abstract] |
Earnings Per Share |
6. | Earnings Per Share
The Company considers its unvested share based payment awards, which contain non-forfeitable rights to dividends, participating securities, and includes such participating securities in its computation of earnings per share pursuant to the two-class method. Basic earnings per share for the two classes of stock (common stock and unvested restricted stock) is calculated by dividing net income by the weighted average number of shares of common stock and unvested restricted stock outstanding during the reporting period. Diluted earnings per share is calculated using the weighted average number of shares of common stock plus the potentially dilutive effect of common equivalent shares outstanding determined under both the two class method and the treasury stock method. 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.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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