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Equity | 9 Months Ended
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Sep. 30, 2020
Equity [Abstract] |
Equity |
8. | Equity
Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the three and nine months ended September 30, 2020 and 2019:
|  | Common Stock |  | Treasury Stock |  | Additional Paid-In-Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Total Cinemark Holdings, Inc. Stockholders’ Equity |  | Noncontrolling Interests |  | Total Equity |
Balance at January 1, 2020 |  | $ | 122 |  | $ | (81,567 | ) | $ | 1,170,039 |  | $ | 687,332 |  | $ | (340,112 | ) | $ | 1,435,814 |  | $ | 12,508 |  | $ | 1,448,322 |
Issuance of share based awards and share based awards compensation expense |  |  | — |  |  | — |  |  | 4,111 |  |  | — |  |  | — |  |  | 4,111 |  |  | — |  |  | 4,111 |
Stock withholdings related to share based awards that vested during the three months ended March 31, 2020 |  |  | — |  |  | (2,691 | ) |  | — |  |  | — |  |  | — |  |  | (2,691 | ) |  | — |  |  | (2,691 | )
Dividends paid to stockholders, $0.36 per common share (1) |  |  | — |  |  | — |  |  | — |  |  | (42,311 | ) |  | — |  |  | (42,311 | ) |  | — |  |  | (42,311 | )
Dividends paid to noncontrolling interests |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (392 | ) |  | (392 | )
Dividends accrued on unvested restricted stock unit awards (1) |  |  | — |  |  | — |  |  | — |  |  | (256 | ) |  | — |  |  | (256 | ) |  | — |  |  | (256 | )
Net income (loss) |  |  | — |  |  | — |  |  | — |  |  | (59,591 | ) |  | — |  |  | (59,591 | ) |  | 169 |  |  | (59,422 | )
Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (24,171 | ) |  | (24,171 | ) |  | — |  |  | (24,171 | )
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (57,625 | ) |  | (57,625 | ) |  | — |  |  | (57,625 | )
Balance at March 31, 2020 |  |  | 122 |  |  | (84,258 | ) |  | 1,174,150 |  |  | 585,174 |  |  | (421,908 | ) |  | 1,253,280 |  |  | 12,285 |  |  | 1,265,565 |
Issuance of share based awards and share based awards compensation expense |  |  | — |  |  | — |  |  | 4,321 |  |  | — |  |  | — |  |  | 4,321 |  |  | — |  |  | 4,321 |
Stock withholdings related to share based awards that vested during the three months ended June 30, 2020 |  |  | — |  |  | (107 | ) |  | — |  |  | — |  |  | — |  |  | (107 | ) |  | — |  |  | (107 | )
Net loss |  |  | — |  |  | — |  |  | — |  |  | (170,389 | ) |  | — |  |  | (170,389 | ) |  | (427 | ) |  | (170,816 | )
Unrealized gain due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 849 |  |  | 849 |  |  | — |  |  | 849 |
Amortization of accumulated losses for amended swap agreements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,669 |  |  | 2,669 |  |  | — |  |  | 2,669 |
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,702 | ) |  | (3,702 | ) |  | — |  |  | (3,702 | )
Balance at June 30, 2020 |  |  | 122 |  |  | (84,365 | ) |  | 1,178,471 |  |  | 414,785 |  |  | (422,092 | ) |  | 1,086,921 |  |  | 11,859 |  |  | 1,098,780 |
Issuance of share based awards and share based awards compensation expense |  |  | 1 |  |  | — |  |  | 4,427 |  |  | — |  |  |  |  |  | 4,428 |  |  |  |  |  | 4,428 |
Stock withholdings related to share based awards that vested during the three months ended September 30, 2020 |  |  | — |  |  | (67 | ) |  | — |  |  | — |  |  | — |  |  | (67 | ) |  | — |  |  | (67 | )
Net loss |  |  | — |  |  | — |  |  | — |  |  | (147,592 | ) |  | — |  |  | (147,592 | ) |  | (444 | ) |  | (148,036 | )
Issuance of convertible senior notes, net of allocated debt issue costs |  |  | — |  |  | — |  |  | 97,359 |  |  | — |  |  | — |  |  | 97,359 |  |  | — |  |  | 97,359 |
Tax impact of convertible notes issued |  |  | — |  |  | — |  |  | 10,960 |  |  | — |  |  | — |  |  | 10,960 |  |  | — |  |  | 10,960 |
Call options purchased |  |  | — |  |  | — |  |  | (142,094 | ) |  | — |  |  | — |  |  | (142,094 | ) |  | — |  |  | (142,094 | )
Proceeds from issuance of warrants |  |  | — |  |  | — |  |  | 89,424 |  |  | — |  |  | — |  |  | 89,424 |  |  | — |  |  | 89,424 |
Unrealized gain to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,528 |  |  | 6,528 |  |  | — |  |  | 6,528 |
Amortization of accumulated losses for amended swap agreements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,669 |  |  | 2,669 |  |  | — |  |  | 2,669 |
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,503 | ) |  | (1,503 | ) |  | — |  |  | (1,503 | )
Balance at September 30, 2020 |  | $ | 123 |  | $ | (84,432 | ) | $ | 1,238,547 |  | $ | 267,193 |  | $ | (414,398 | ) | $ | 1,007,033 |  | $ | 11,415 |  | $ | 1,018,448 |
|  | Common Stock |  | Treasury Stock |  | Additional Paid-In-Capital |  | Retained Earnings |  | Accumulated Other Comprehensive Loss |  | Total Cinemark Holdings, Inc. Stockholders’ Equity |  | Noncontrolling Interests |  | Total Equity |
Balance at January 1, 2019 |  | $ | 121 |  | $ | (79,259 | ) | $ | 1,155,424 |  | $ | 686,459 |  | $ | (319,007 | ) | $ | 1,443,738 |  | $ | 12,379 |  | $ | 1,456,117 |
Cumulative effect of change in accounting principle, net of taxes of $6,054 |  |  | — |  |  | — |  |  | — |  |  | 16,985 |  |  | — |  |  | 16,985 |  |  | — |  |  | 16,985 |
Issuance of share based awards and share based awards compensation expense |  |  | — |  |  | — |  |  | 2,970 |  |  |  |  |  | — |  |  | 2,970 |  |  | — |  |  | 2,970 |
Stock withholdings related to share based awards that vested during the three months ended March 31, 2019 |  |  | — |  |  | (1,947 | ) |  | — |  |  | — |  |  | — |  |  | (1,947 | ) |  | — |  |  | (1,947 | )
Dividends paid to stockholders, $0.34 per common share (1) |  |  | — |  |  | — |  |  | — |  |  | (39,797 | ) |  | — |  |  | (39,797 | ) |  | — |  |  | (39,797 | )
Dividends paid to noncontrolling interests |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,000 | ) |  | (1,000 | )
Dividends accrued on unvested restricted stock unit awards (1) |  |  | — |  |  | — |  |  | — |  |  | (108 | ) |  | — |  |  | (108 | ) |  | — |  |  | (108 | )
Net income |  |  | — |  |  | — |  |  | — |  |  | 32,728 |  |  | — |  |  | 32,728 |  |  | 465 |  |  | 33,193 |
Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (3,311 | ) |  | (3,311 | ) |  | — |  |  | (3,311 | )
Other comprehensive loss in equity method investees |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (71 | ) |  | (71 | ) |  | — |  |  | (71 | )
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 755 |  |  | 755 |  |  | — |  |  | 755 |
Balance at March 31, 2019 |  |  | 121 |  |  | (81,206 | ) |  | 1,158,394 |  |  | 696,267 |  |  | (321,634 | ) |  | 1,451,942 |  |  | 11,844 |  |  | 1,463,786 |
Issuance of share based awards and share based awards compensation expense |  |  | 1 |  |  | — |  |  | 3,676 |  |  | — |  |  | — |  |  | 3,677 |  |  | — |  |  | 3,677 |
Stock withholdings related to share based awards that vested during the three months ended June 30, 2019 |  |  | — |  |  | (300 | ) |  | — |  |  | — |  |  | — |  |  | (300 | ) |  | — |  |  | (300 | )
Dividends paid to stockholders, $0.34 per common share (1) |  |  | — |  |  | — |  |  | — |  |  | (39,823 | ) |  | — |  |  | (39,823 | ) |  | — |  |  | (39,823 | )
Dividends paid to noncontrolling interests |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (294 | ) |  | (294 | )
Dividends accrued on unvested restricted stock unit awards (1) |  |  | — |  |  | — |  |  | — |  |  | (189 | ) |  | — |  |  | (189 | ) |  | — |  |  | (189 | )
Net income |  |  | — |  |  | — |  |  | — |  |  | 100,971 |  |  | — |  |  | 100,971 |  |  | 890 |  |  | 101,861 |
Other comprehensive loss in equity method investees |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (22 | ) |  | (22 | ) |  | — |  |  | (22 | )
Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,902 | ) |  | (5,902 | ) |  | — |  |  | (5,902 | )
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 4,925 |  |  | 4,925 |  |  | — |  |  | 4,925 |
Balance at June 30, 2019 |  | $ | 122 |  | $ | (81,506 | ) | $ | 1,162,070 |  | $ | 757,226 |  | $ | (322,633 | ) | $ | 1,515,279 |  | $ | 12,440 |  | $ | 1,527,719 |
Issuance of share based awards and share based awards compensation expense |  |  | — |  |  | — |  |  | 3,840 |  |  | — |  |  | — |  |  | 3,840 |  |  | — |  |  | 3,840 |
Dividends paid to stockholders, $0.34 per common share (1) |  |  | — |  |  | — |  |  | — |  |  | (39,832 | ) |  | — |  |  | (39,832 | ) |  | — |  |  | (39,832 | )
Dividends paid to noncontrolling interests |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (294 | ) |  | (294 | )
Dividends accrued on unvested restricted stock unit awards (1) |  |  | — |  |  | — |  |  | — |  |  | (189 | ) |  | — |  |  | (189 | ) |  | — |  |  | (189 | )
Net income |  |  | — |  |  | — |  |  | — |  |  | 31,353 |  |  | — |  |  | 31,353 |  |  | 602 |  |  | 31,955 |
Other comprehensive loss in equity method investees |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (49 | ) |  | (49 | ) |  | — |  |  | (49 | )
Unrealized loss due to fair value adjustments on interest rate swap agreements, net of taxes, net of settlements |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,291 | ) |  | (1,291 | ) |  | — |  |  | (1,291 | )
Foreign currency translation adjustments |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (25,408 | ) |  | (25,408 | ) |  | — |  |  | (25,408 | )
Balance at September 30, 2019 |  | $ | 122 |  | $ | (81,506 | ) | $ | 1,165,910 |  | $ | 748,558 |  | $ | (349,381 | ) | $ | 1,483,703 |  | $ | 12,748 |  | $ | 1,496,451 |
| (1) | Below is a summary of dividends paid to stockholders as well as dividends accrued on unvested restricted stock units during the nine months ended September 30, 2020 and 2019:
|  |  |  | Amount per Share |  |  |  |  |
Declaration Date | Record Date | Payable Date |  | of Common Stock |  |  | Total |
2/21/2020 | 3/6/2020 | 3/20/2020 |  | $ | 0.36 |  |  | $ | 42,567 |
Nine Months Ended September 30, 2020 |  | $ | 0.36 |  |  | $ | 42,567 |
2/22/2019 | 3/8/2019 | 3/22/2019 |  | $ | 0.34 |  |  | $ | 39,905 |
5/23/2019 | 6/8/2019 | 6/24/2019 |  |  | 0.34 |  |  |  | 40,012 |
8/15/2019 | 9/4/2019 | 9/18/2019 |  |  | 0.34 |  |  |  | 40,021 |
Nine Months Ended September 30, 2019 |  | $ | 1.02 |  |  | $ | 119,938 |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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