EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents computations of basic and diluted loss per share for Holdings under the two class method:


	Year Ended
	December 31,
	2020			2021			2022
Numerator:
Net loss attributable to Cinemark Holdings, Inc.	$	(616.8	)	$	(422.8	)	$	(271.2	)
Loss allocated to participating share-based awards (1)		4.3			6.1			3.8
Net loss attributable to common stockholders	$	(612.5	)	$	(416.7	)	$	(267.4	)

Denominator:
Basic weighted average shares outstanding		116.7			117.3			118.2
Common equivalent shares for restricted stock units (2)		—			—			—
Common equivalent shares for convertible notes and warrants (3)		—			—			—
Diluted weighted average shares outstanding		116.7			117.3			118.2

Basic loss per share attributable to common stockholders	$	(5.25	)	$	(3.55	)	$	(2.26	)
Diluted loss per share attributable to common stockholders	$	(5.25	)	$	(3.55	)	$	(2.26	)

(1)

For the years ended December 31, 2020, 2021 and 2022, a weighted average of approximately 0.8 shares, 1.7 shares and 1.7 shares of unvested restricted stock, respectively, are considered participating securities.

(2)

For the years ended December 31, 2020, 2021 and 2022, approximately 0.7, 0 and 0.4 common equivalent shares for restricted stock units were excluded because they were anti-dilutive.

(3)

For the years ended December 31, 2020, 2021 and 2022, diluted loss per share excludes the conversion of the 4.50% Convertible Senior Notes into 32.0 shares of common stock, as well as outstanding warrants, as they would be anti-dilutive. See further discussion below.