10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2015

Commission File Number: 001-33401

CINEMARK HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

Delaware	20-5490327
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
3900 Dallas Parkway Suite 500 Plano, Texas	75093
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (972) 665-1000

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of July 31, 2015, 115,930,766 shares of common stock were issued and outstanding.

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

TABLE OF CONTENTS

		Page
PART I.     FINANCIAL INFORMATION
Item 1.	Financial Statements
	Condensed Consolidated Balance Sheets as of June 30, 3015 and December 31, 2014 (unaudited)		4
	Condensed Consolidated Statements of Income for the three and six months ended June 30, 2015 and 2014 (unaudited)		5
	Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2015 and 2014 (unaudited)		6
	Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2015 and 2014 (unaudited)		7
	Notes to Condensed Consolidated Financial Statements (unaudited)		8
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		34
Item 4.	Controls and Procedures		35
PART II.     OTHER INFORMATION
Item 1.	Legal Proceedings		36
Item 1A.	Risk Factors		36
Item 6.	Exhibits		37
SIGNATURES			38

2

Cautionary Statement Regarding Forward-Looking Statements

Certain matters within this Quarterly Report on Form 10Q include “forward–looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The “forward-looking statements” may include our current expectations, assumptions, estimates and projections about our business and our industry. They may include statements relating to future revenues, expenses and profitability, the future development and expected growth of our business, projected capital expenditures, attendance at movies generally or in any of the markets in which we operate, the number or diversity of popular movies released and our ability to successfully license and exhibit popular films, national and international growth in our industry, competition from other exhibitors and alternative forms of entertainment and determinations in lawsuits in which we are defendants. Forward-looking statements can be identified by the use of words such as “may,” “should,” “could,” “estimates,” “predicts,” “potential,” “continue,” “anticipates,” “believes,” “plans,” “expects,” “future” and “intends” and similar expressions. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance to differ from those projected in the forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. For a description of the risk factors, please review the “Risk Factors” section or other sections in the Company’s Annual Report on Form 10-K filed February 27, 2015 and quarterly reports on Form 10-Q, filed with the Securities and Exchange Commission. All forward-looking statements are expressly qualified in their entirety by such risk factors. We undertake no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

3

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data, unaudited)

	June 30, 2015			December 31, 2014
Assets
Current assets
Cash and cash equivalents	$	576,289		$	638,869
Inventories		13,969			13,419
Accounts receivable		96,921			47,917
Current income tax receivable		1,805			19,350
Current deferred tax asset		9,981			10,518
Prepaid expenses and other		15,316			10,937
Total current assets		714,281			741,010
Theatre properties and equipment		2,630,597			2,549,092
Less accumulated depreciation and amortization		1,146,208			1,098,280
Theatre properties and equipment, net		1,484,389			1,450,812
Other assets
Goodwill		1,266,155			1,277,383
Intangible assets - net		343,954			348,024
Investment in NCM		184,771			178,939
Investments in and advances to affiliates		87,731			77,658
Long-term deferred tax asset		164			164
Deferred charges and other assets - net		82,625			77,990
Total other assets		1,965,400			1,960,158
Total assets	$	4,164,070		$	4,151,980
Liabilities and equity
Current liabilities
Current portion of long-term debt	$	8,423		$	8,423
Current portion of capital lease obligations		17,917			16,494
Current income tax payable		15,896			6,396
Current liability for uncertain tax positions		8,431			7,283
Accounts payable and accrued expenses		368,476			375,811
Total current liabilities		419,143			414,407
Long-term liabilities
Long-term debt, less current portion		1,811,056			1,814,574
Capital lease obligations, less current portion		201,493			201,978
Long-term deferred tax liability		132,104			140,973
Long-term liability for uncertain tax positions		8,523			8,410
Deferred lease expenses		44,038			46,003
Deferred revenue - NCM		346,491			335,219
Other long-term liabilities		65,685			67,287
Total long-term liabilities		2,609,390			2,614,444
Commitments and contingencies (see Note 17)
Equity
Cinemark Holdings, Inc.’s stockholders’ equity:
Common stock, $0.001 par value: 300,000,000 shares authorized, 120,105,227 shares issued and 115,928,430 shares outstanding at June 30, 2015 and 119,757,582 shares issued and 115,700,447 shares outstanding at December 31, 2014		120			120
Additional paid-in-capital		1,103,758			1,095,040
Treasury stock, 4,176,797 and 4,057,135 shares, at cost, at June 30, 2015 and December 31, 2014, respectively		(66,555	)		(61,807	)
Retained earnings		278,898			224,219
Accumulated other comprehensive loss		(191,732	)		(144,772	)
Total Cinemark Holdings, Inc.’s stockholders’ equity		1,124,489			1,112,800
Noncontrolling interests		11,048			10,329
Total equity		1,135,537			1,123,129
Total liabilities and equity	$	4,164,070		$	4,151,980

The accompanying notes are an integral part of the condensed consolidated financial statements.

4

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data, unaudited)

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Revenues
Admissions	$	502,963		$	455,726		$	903,625		$	836,640
Concession		259,530			226,417			473,957			419,440
Other		37,439			35,720			67,748			64,063
Total revenues		799,932			717,863			1,445,330			1,320,143
Cost of operations
Film rentals and advertising		285,303			249,198			500,962			449,855
Concession supplies		40,903			35,336			73,406			65,389
Salaries and wages		76,528			69,942			145,751			134,293
Facility lease expense		82,391			80,647			162,008			159,004
Utilities and other		85,138			78,570			160,495			154,502
General and administrative expenses		39,277			39,717			77,202			79,089
Depreciation and amortization		46,569			43,881			91,901			86,377
Impairment of long-lived assets		3,528			430			4,322			784
Loss on sale of assets and other		5,802			3,276			4,352			6,129
Total cost of operations		665,439			600,997			1,220,399			1,135,422
Operating income		134,493			116,866			224,931			184,721
Other income (expense)
Interest expense		(28,304	)		(28,286	)		(56,511	)		(56,766	)
Interest income		2,875			1,030			4,394			2,044
Foreign currency exchange gain (loss)		1,439			1,825			(6,767	)		4,877
Loss on amendment to debt agreement		(925	)		—			(925	)		—
Distributions from NCM		—			1,180			8,499			10,677
Equity in income of affiliates		4,086			3,600			9,325			7,220
Total other expense		(20,829	)		(20,651	)		(41,985	)		(31,948	)
Income before income taxes		113,664			96,215			182,946			152,773
Income taxes		42,774			24,081			69,154			44,943
Net income	$	70,890		$	72,134		$	113,792		$	107,830
Less: Net income attributable to noncontrolling interests		632			403			1,013			656
Net income attributable to Cinemark Holdings, Inc.	$	70,258		$	71,731		$	112,779		$	107,174
Weighted average shares outstanding
Basic		115,148			114,786			114,993			114,485
Diluted		115,328			114,961			115,215			114,814
Earnings per share attributable to Cinemark Holdings, Inc.’s common stockholders
Basic	$	0.61		$	0.62		$	0.97		$	0.93
Diluted	$	0.61		$	0.62		$	0.97		$	0.93
Dividends declared per common share	$	0.25		$	0.25		$	0.50		$	0.50

The accompanying notes are an integral part of the condensed consolidated financial statements.

5

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands, unaudited)

	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Net income	$	70,890		$	72,134		$	113,792		$	107,830
Other comprehensive income (loss), net of tax
Unrealized gain due to fair value adjustments on interest rate swap agreements, net of settlements, net of taxes of $504, $391, $958 and $759		855			661			1,612			1,158
Unrealized gain (loss) due to fair value adjustments on available-for-sale securities, net of taxes of $(209), $724, $236 and $1,916		(354	)		1,221			412			3,244
Other comprehensive income (loss) in equity method investments		(3,322	)		134			(2,938	)		396
Foreign currency translation adjustments		628			8,346			(46,047	)		(843	)
Total other comprehensive income (loss), net of tax		(2,193	)		10,362			(46,961	)		3,955
Total comprehensive income, net of tax		68,697			82,496			66,831			111,785
Comprehensive income attributable to noncontrolling interests		(626	)		(405	)		(1,013	)		(664	)
Comprehensive income attributable to Cinemark Holdings, Inc.	$	68,071		$	82,091		$	65,818		$	111,121

The accompanying notes are an integral part of the condensed consolidated financial statements.

6

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

	Six months ended June 30,
	2015			2014
Operating activities
Net income	$	113,792		$	107,830
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation		90,707			85,032
Amortization of intangible and other assets and favorable/unfavorable leases		1,194			1,345
Amortization of long-term prepaid rents		1,382			785
Amortization of debt issue costs		2,600			2,623
Amortization of deferred revenues, deferred lease incentives and other		(6,759	)		(6,732	)
Impairment of long-lived assets		4,322			784
Share based awards compensation expense		6,475			6,589
Loss on sale of assets and other		4,352			6,129
Deferred lease expenses		(1,288	)		1,848
Equity in income of affiliates		(9,325	)		(7,220	)
Deferred income tax expenses		(7,942	)		(22,003	)
Distributions from equity investees		8,309			8,352
Changes in assets and liabilities and other		(27,017	)		(25,615	)
Net cash provided by operating activities		180,802			159,747
Investing activities
Additions to theatre properties and equipment and other		(155,712	)		(102,563	)
Acquisition of theatre in Brazil		(2,651	)		—
Proceeds from sale of theatre properties and equipment and other		4,973			1,547
Investment in joint ventures and other		(1,777	)		(1,896	)
Net cash used for investing activities		(155,167	)		(102,912	)
Financing activities
Proceeds from stock option exercises		—			112
Payroll taxes paid as a result of restricted stock withholdings		(4,748	)		(9,776	)
Dividends paid to stockholders		(57,900	)		(57,772	)
Repayments of long-term debt		(3,516	)		(4,952	)
Payment of debt issue costs		(6,957	)		—
Payments on capital leases		(7,959	)		(6,827	)
Other		1,950			3,340
Net cash used for financing activities		(79,130	)		(75,875	)
Effect of exchange rate changes on cash and cash equivalents		(9,085	)		(2,748	)
Decrease in cash and cash equivalents		(62,580	)		(21,788	)
Cash and cash equivalents:
Beginning of period		638,869			599,929
End of period	$	576,289		$	578,141
Supplemental information (see Note 14)

The accompanying notes are an integral part of the condensed consolidated financial statements.

7

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

1. The Company and Basis of Presentation

Cinemark Holdings, Inc. and subsidiaries (the “Company”) operates in the motion picture exhibition industry, with theatres in the United States (“U.S.”), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao.

The accompanying condensed consolidated balance sheet as of December 31, 2014, which was derived from audited financial statements, and the unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. Majority-owned subsidiaries that the Company has control of are consolidated while those affiliates of which the Company owns between 20% and 50% and does not control are accounted for under the equity method. Those affiliates of which the Company owns less than 20% are generally accounted for under the cost method, unless the Company is deemed to have the ability to exercise significant influence over the affiliate, in which case the Company would account for its investment under the equity method. The results of these subsidiaries and affiliates are included in the condensed consolidated financial statements effective with their formation or from their dates of acquisition. Intercompany balances and transactions are eliminated in consolidation.

These condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and the notes thereto for the year ended December 31, 2014, included in the Annual Report on Form 10-K filed February 27, 2015 by the Company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results to be achieved for the full year.

2. New Accounting Pronouncements

In January 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, (“ASU 2015-01”). ASU 2015-01 eliminates the concept of an extraordinary item from GAAP. With this update, there is no longer a need to segregate extraordinary items from the results of ordinary operations, separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or disclose income taxes and earnings-per-share data applicable to an extraordinary item. However, presentation and disclosure requirements for items that are unusual in nature and occur infrequently still apply. ASU 2015-01 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company has elected to early adopt ASU 2015-01. There is no impact of adoption on the condensed consolidated financial statements.

In February 2015, the FASB issued Accounting Standards Update 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with certain VIEs. ASU 2015-02 also provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2015-02 on its condensed consolidated financial statements.

8

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

In April 2015, the FASB issued Accounting Standards Update 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU 2015-03. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company plans to adopt this ASU effective January 1, 2016 and will revise its presentation of debt issue costs at that time.

In April 2015, the FASB issued Accounting Standards Update 2015-05, Intangibles – Goodwill and Other – Internal Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in Cloud Computing Arrangement, (“ASU 2015-05”). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer’s accounting for service contracts. In addition, the guidance in this Update supersedes paragraph 350-40-25-16. Consequently, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company has elected to early adopt ASU 2015-05. There is no impact of adoption on the condensed consolidated financial statements.

In July 2015, the FASB issued Accounting Standards Update 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, (“ASU 2015-11”). ASU 2015-11 affects reporting entities that measure inventory using first-in, first-out (FIFO) or average cost. Specifically, ASU 2015-11 requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company does not expect ASU 2015-11 to have an impact on its condensed consolidated financial statements.

3. Earnings Per Share

The Company considers its unvested restricted stock 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.

9

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

The following table presents computations of basic and diluted earnings per share under the two-class method:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Numerator:
Net income attributable to Cinemark Holdings, Inc.	$	70,258		$	71,731		$	112,779		$	107,174
Earnings allocated to participating share-based awards (1)		(441	)		(542	)		(709	)		(704	)
Net income attributable to common stockholders	$	69,817		$	71,189		$	112,070		$	106,470
Denominator (shares in thousands):
Basic weighted average common stock outstanding		115,148			114,786			114,993			114,485
Common equivalent shares for restricted stock units		180			175			222			329
Diluted		115,328			114,961			115,215			114,814
Basic earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93
Diluted earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93

⁽¹⁾  For the three months ended June 30, 2015 and 2014, a weighted average of approximately 729 and 876 shares of unvested restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2015 and 2014, a weighted average of approximately 648 and 761 shares of unvested restricted stock, respectively, were considered participating securities.

4. Long Term Debt Activity

Amended Senior Secured Credit Facility

On May 8, 2015, Cinemark USA, Inc., our wholly-owned subsidiary, amended its senior secured credit facility (“Amended and Restated Credit Agreement”), to extend the maturity of the $700,000 term loan from December 2019 to May 2022. Quarterly principal payments in the amount of $1,750 are due on the term loan through March 31, 2022, with the remaining principal of $635,250 due on May 8, 2022. The Company incurred debt issue costs of approximately $6,875 in connection with the amendment, which are reflected in deferred charges and other assets-net on the condensed consolidated balance sheet as of June 30, 2015. In addition, the Company incurred approximately $925 in legal and other fees that are reflected as loss on amendment to debt agreement on the condensed consolidated statements of income for the three and six months ended June 30, 2015.

Fair Value of Long-Term Debt

The Company estimates the fair value of its long-term debt using the market approach, which utilizes quoted market prices that fall under Level 2 of the U.S. GAAP fair value hierarchy as defined by FASB Accounting Standards Codification (“ASC”) Topic 820-10-35, Fair Value Measurement. The carrying value of the Company’s long-term debt was $1,819,479 and $1,822,997 as of June 30, 2015 and December 31, 2014, respectively. The fair value of the Company’s long-term debt was $1,809,866 and $1,790,987 as of June 30, 2015 and December 31, 2014, respectively.

10

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

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, 2015 and 2014:

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2015	$	1,112,800		$	10,329		$	1,123,129
Share based awards compensation expense		6,475			—			6,475
Stock withholdings related to share based awards that vested during the six months ended June 30, 2015		(4,748	)		—			(4,748	)
Tax benefit related to share based awards vesting		2,244			—			2,244
Dividends paid to stockholders (1)		(57,900	)		—			(57,900	)
Dividends accrued on unvested restricted stock unit awards (1)		(200	)		—			(200	)
Dividends paid to noncontrolling interests		—			(294	)		(294	)
Net income		112,779			1,013			113,792
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $958		1,612			—			1,612
Fair value adjustments on available-for-sale securities, net of taxes of $236		412			—			412
Other comprehensive loss in equity method investees		(2,938	)		—			(2,938	)
Foreign currency translation adjustments		(46,047	)		—			(46,047	)
Balance at June 30, 2015	$	1,124,489		$	11,048		$	1,135,537

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2014	$	1,093,422		$	8,995		$	1,102,417
Share based awards compensation expense		6,589			—			6,589
Stock withholdings related to share based awards that vested during the six months ended June 30, 2014		(9,776	)		—			(9,776	)
Exercise of stock options		112			—			112
Tax benefit related to share based awards vesting		3,561			—			3,561
Dividends paid to stockholders (2)		(57,772	)		—			(57,772	)
Dividends accrued on unvested restricted stock unit awards (2)		(274	)		—			(274	)
Dividends paid to noncontrolling interests		—			(221	)		(221	)
Net income		107,174			656			107,830
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $759		1,158			—			1,158
Fair value adjustments on available-for-sale securities, net of taxes of $1,916		3,244			—			3,244
Other comprehensive income in equity method investments		396			—			396
Foreign currency translation adjustments		(851	)		8			(843	)
Balance at June 30, 2014	$	1,146,983		$	9,438		$	1,156,421

⁽¹⁾  On May 18, 2015 the Company’s board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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 May 22, 2014 the Company’s board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

11

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

6. Investment in National CineMedia

The Company has an investment in National CineMedia, LLC (“NCM”). NCM operates a digital in-theatre network in the U.S. for providing cinema advertising. Upon joining NCM, the Company entered into an Exhibitor Services Agreement with NCM (“ESA”), pursuant to which NCM provides advertising, promotion and event services to our theatres. As described further in Note 6 to the Company’s financial statements as included in its 2014 Annual Report on Form 10-K, on February 13, 2007, National CineMedia, Inc. (“NCM, Inc.”), an entity that serves as the sole manager of NCM, completed an initial public offering (“IPO”) of its common stock. In connection with the NCM Inc. initial public offering, the Company amended its operating agreement and the ESA. Following the NCM, Inc. IPO, the Company does not recognize undistributed equity in the earnings on its original NCM membership units (referred to herein as the Company’s Tranche 1 Investment) until NCM’s future net earnings, less distributions received, surpass the amount of the excess distribution. The Company recognizes equity in earnings on its Tranche 1 Investment only to the extent it receives cash distributions from NCM. The Company recognizes cash distributions it receives from NCM on its Tranche 1 Investment as a component of earnings as Distributions from NCM. The Company believes that the accounting model provided by ASC 323-10-35-22 for recognition of equity investee losses in excess of an investor’s basis is analogous to the accounting for equity income subsequent to recognizing an excess distribution.

Below is a summary of activity with NCM included in the Company’s condensed consolidated financial statements:

	Investment in NCM			Deferred Revenue			Distributions from NCM			Equity in Earnings			Other Revenue			Other Comprehensive Income		Cash Received
Balance as of January 1, 2015	$	178,939		$	(335,219	)
Receipt of common units due to annual common unit adjustment		15,421			(15,421	)	$	—		$	—		$	—		$	—	$	—
Revenues earned under ESA (1)		—			—			—			—			(5,681	)		—		5,681
Receipt of excess cash distributions		(5,393	)		—			(6,258	)		—			—			—		11,651
Receipt under tax receivable agreement		(1,871	)		—			(2,241	)		—			—			—		4,112
Equity in earnings		409			—			—			(409	)		—			—		—
Equity in other comprehensive income		(2,734	)		—			—			—			—			2,734		—
Amortization of deferred revenue		—			4,149			—			—			(4,149	)		—		—
Balance as of and for the period ended June 30, 2015	$	184,771		$	(346,491	)	$	(8,499	)	$	(409	)	$	(9,830	)	$	2,734	$	21,444

⁽¹⁾  Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $4,980.

On May 5, 2014, NCM, Inc. announced that it had entered into a merger agreement to acquire Screenvision, LLC. On November 3, 2014, the U.S. Department of Justice (“DOJ”) filed an antitrust lawsuit seeking to enjoin the proposed merger between NCM, Inc. and Screenvision, LLC. On March 16, 2015, NCM, Inc. announced that it had agreed with Screenvision, LLC to terminate the merger agreement. The termination of the merger agreement resulted in a $26.8 million termination payment to Screenvision by NCM, Inc. NCM indemnified NCM, Inc. for the termination fee. The impact of the termination payment and related merger costs resulted in NCM not making an excess cash distribution to its shareholders during the second quarter of 2015.

During the three months ended June 30, 2015 and 2014, the Company recorded equity in loss of approximately $386 and $75, respectively. During the six months ended June 30, 2015 and 2014, the Company recorded equity in earnings of approximately $409 and $357, respectively

Pursuant to a Common Unit Adjustment Agreement dated as of February 13, 2007 between NCM, Inc. and the Company, AMC Entertainment, Inc. (“AMC”) and Regal Entertainment Group (“Regal”), annual adjustments to the common membership units are made primarily based on increases or decreases in the number of theatre screens operated and theatre attendance generated by each Founding Member. As further discussed in Note 6 to the Company’s financial statements as included in its 2014 Annual Report on Form 10-K, the common units received are recorded at fair value as an increase in the Company’s investment in NCM with an offset to deferred revenue. The deferred revenue is amortized over the remaining term of the ESA. During March 2015, NCM performed its annual common unit adjustment calculation under the Common Unit Adjustment Agreement. As a result of the calculation,

12

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

the Company received an additional 1,074,910 common units of NCM, each of which is convertible into one share of NCM, Inc. common stock. The Company recorded the additional common units received at fair value with a corresponding adjustment to deferred revenue of approximately $15,421. The deferred revenue will be recognized over the remaining term of the ESA, which is approximately 21 years.

As of June 30, 2015, the Company owned a total of 25,631,046 common units of NCM, representing an ownership interest of approximately 20%.

Below is summary financial information for NCM for the three and six months ended June 26, 2014 and the three months ended April 2, 2015 (the financial information for the period ended June 25, 2015 is not yet available):

	Three Months Ended April 2, 2015			Three Months Ended June 26, 2014		Six Months Ended June 26, 2014
Gross revenues	$	76,867		$	99,958	$	170,173
Operating income	$	14,618		$	42,131	$	54,898
Net earnings (loss)	$	(38,729	)	$	26,467	$	23,703

7. Other Investments

The Company had the following other investments at June 30, 2015:

Digital Cinema Implementation Partners (“DCIP”), equity method investment	$	59,622
RealD, Inc. (“RealD”), investment in marketable security		15,077
AC JV, LLC, equity method investment		8,874
Digital Cinema Distribution Coalition (“DCDC”), equity method investment		2,562
Other		1,596
Total	$	87,731

Below is a summary of activity for each of the investments for the three months ended June 30, 2015:

	DCIP			RealD		AC JV, LLC		DCDC		Other			Total
Balance at January 1, 2015	$	51,277		$	14,429	$	7,899	$	2,438	$	1,615		$	77,658
Cash contributions, net of cash distributions received		732			—		—		—		—			732
Equity in income		7,817			—		975		124		—			8,916
Equity in comprehensive loss		(204	)		—		—		—		—			(204	)
Unrealized holding gain		—			648		—		—		—			648
Other		—			—		—		—		(19	)		(19	)
Balance at June 30, 2015	$	59,622		$	15,077	$	8,874	$	2,562	$	1,596		$	87,731

Digital Cinema Implementation Partners LLC

On February 12, 2007, the Company, AMC and Regal entered into a joint venture known as Digital Cinema Implementation Partners LLC to facilitate the implementation of digital cinema in the Company’s theatres and to establish agreements with major motion picture studios for the financing of digital cinema. On March 10, 2010, the Company signed a master equipment lease agreement and other related agreements (collectively the “Agreements”) with Kasima LLC (“Kasima”), which is an indirect subsidiary of DCIP and a related party to the Company. Upon signing the Agreements, the Company contributed the majority of its U.S. digital projection systems to DCIP, which DCIP then contributed to Kasima. The Company has a variable interest in Kasima through the terms of its master equipment lease agreement; however, the Company has determined that it is not the primary beneficiary of Kasima, as the Company does not have the ability to direct the activities of Kasima that most significantly impact Kasima’s economic performance. As of June 30, 2015, the Company had a 33% voting interest in DCIP and a 24.3% economic interest in DCIP. The Company accounts for its investment in DCIP and its subsidiaries under the equity method of accounting.

13

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Below is summary financial information for DCIP for the three and six months ended June 30, 2015 and 2014.

	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Revenues	$	39,852	$	43,396	$	80,593	$	86,084
Operating income	$	22,996	$	26,700	$	46,760	$	51,004
Net income	$	16,521	$	19,065	$	33,965	$	24,593

As of June 30, 2015, the Company had 3,714 digital projection systems being leased under the master equipment lease agreement with Kasima. The Company made equipment lease payments of approximately $2,049 and $2,000 during the six months ended June 30, 2015 and 2014, respectively, which are included in utilities and other costs on the condensed consolidated statements of income.

RealD, Inc.

The Company licenses 3-D systems from RealD. The Company owns 1,222,780 shares of RealD and accounts for its investment in RealD as a marketable security. The Company has determined that its RealD shares are available-for-sale securities in accordance with ASC Topic 320-10-35-1, therefore unrealized holding gains and losses are reported as a component of accumulated other comprehensive loss until realized.

As of June 30, 2015, the estimated fair value of the Company’s investment in RealD was $15,077, which is based on the closing price of RealD’s common stock on June 30, 2015, and falls under Level 1 of the U.S. GAAP fair value hierarchy as defined by ASC Topic 820-10-35. The Company paid licensing fees of $7,881 and $8,822 during the six months ended June 30, 2015 and 2014, respectively, which are included in utilities and other costs on the condensed consolidated statements of income.

AC JV, LLC

During December 2013, the Company, Regal, AMC and NCM entered into a series of agreements that resulted in the formation of a new joint venture that now owns the “Fathom Events” division (consisting of Fathom Events and Fathom Consumer Events) formerly operated by NCM. The Fathom Events business focuses on the marketing and distribution of live and pre-recorded entertainment programming to various theatre operators to provide additional programs to augment their feature film schedule. The Fathom Consumer Events business includes live and pre-recorded concerts featuring contemporary music, opera and symphony, DVD product releases and marketing events, theatrical premieres, Broadway plays, live sporting events and other special events. The Company paid event fees of $5,970 and $0 for the six months ended June 30, 2015 and 2014, respectively, which are included in film rentals and advertising costs on the condensed consolidated statements of income.

The joint venture, AC JV, LLC (“AC”), was formed by the Founding Members and NCM. NCM, under a contribution agreement, contributed the assets associated with its Fathom Events division to AC in exchange for 97% ownership of the Class A Units of AC. Under a separate contribution agreement, the Founding Members each contributed cash of approximately $268 to AC in exchange for 1% of the Class A Units of AC. Subsequently, NCM and the Founding Members entered into a Membership Interest Purchase Agreement, under which NCM sold each of the Founding Members 31% of its Class A Units in AC, the aggregate value of which was determined to be $25,000, in exchange for a six-year Promissory Note. Each of the Founding Members’ Promissory Notes were originally for $8,333, bear interest at 5% per annum and require annual principal and interest payments, with the first of such payments made during December 2014.

Digital Cinema Distribution Coalition

The Company is a party to a joint venture with certain exhibitors and distributors called DCDC, which operates a satellite distribution network that distributes all digital content to U.S. theatres via satellite. The Company has an approximate 14.6% ownership in DCDC. The Company paid approximately $390 and $382 during the six months ended June 30, 2015 and 2014, respectively, related to content delivery services provided by DCDC. These fees are included in film rentals and advertising costs on the condensed consolidated statements of income.

14

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

8. Treasury Stock and Share Based Awards

Treasury Stock — Treasury stock represents shares of common stock repurchased or withheld by the Company and not yet retired. The Company has applied the cost method in recording its treasury shares. Below is a summary of the Company’s treasury stock activity for the six months ended June 30, 2015:

	Number of Treasury Shares		Cost
Balance at January 1, 2015		4,057,135	$	61,807
Restricted stock withholdings (1)		107,825		4,748
Restricted stock forfeitures		11,837		—
Balance at June 30, 2015		4,176,797	$	66,555

⁽¹⁾  The Company withheld restricted shares as a result of the election by certain employees to satisfy their tax liabilities upon vesting in restricted stock and restricted stock units. The Company determined the number of shares to be withheld based upon market values ranging from $41.21 to $44.67 per share.

As of June 30, 2015, the Company had no plans to retire any shares of treasury stock.

Restricted Stock – During the six months ended June 30, 2015, the Company granted 223,976 shares of restricted stock to directors and employees. The fair value of the restricted stock granted was determined based on the market value of the Company’s common stock on the dates of grant, which ranged from $40.75 to $43.28 per share. The Company assumed forfeiture rates ranging from 0% to 10% for the restricted stock awards. Restricted stock granted to the Company’s directors vests over one year. Restricted stock granted to employees vests over service periods that range from one year to four years. The recipients of restricted stock are entitled to receive dividends and to vote their respective shares, however, the sale and transfer of the restricted shares is prohibited during the restriction period.

Below is a summary of restricted stock activity for the six months ended June 30, 2015:

	Shares of Restricted Stock			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2015		878,897		$	24.92
Granted		223,976		$	42.80
Vested		(326,168	)	$	23.62
Forfeited		(11,937	)	$	25.98
Outstanding at June 30, 2015		764,768		$	30.71
Unvested restricted stock at June 30, 2015		764,768		$	30.71

	Six Months Ended June 30,
	2015		2014
Compensation expense recognized during the period	$	4,736	$	4,986
Fair value of restricted shares that vested during the period	$	14,308	$	18,571
Income tax deduction upon vesting of restricted stock awards	$	3,788	$	7,109

As of June 30, 2015, the estimated remaining unrecognized compensation expense related to restricted stock awards was $16,667 and the weighted average period over which this remaining compensation expense will be recognized is approximately two years.

15

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Restricted Stock Units – During the six months ended June 30, 2015, the Company granted restricted stock units representing 142,922 hypothetical shares of common stock to employees. The restricted stock units vest based on a combination of financial performance factors and continued service. The financial performance factors are based on an implied equity value concept that determines an internal rate of return (“IRR”) during the two fiscal year periods ending December 31, 2016 based on a formula utilizing a multiple of Adjusted EBITDA subject to certain specified adjustments as specified by the Compensation Committee prior to the grant date. The financial performance factors for the restricted stock units have a threshold, target and maximum level of payment opportunity and vest on a prorata basis according to the IRR achieved by the Company during the performance period. If the IRR for the two-year period is at least 7.5%, which is the threshold, one-third of the restricted stock units vest. If the IRR for the two-year period is at least 9.5%, which is the target, two-thirds of the restricted stock units vest. If the IRR for the two-year period is at least 11.5%, which is the maximum, 100% of the restricted stock units vest. Grantees are eligible to receive a ratable portion of the common stock issuable if the IRR is within the targets previously noted. All payouts of restricted stock units that vest will be subject to an additional two-year service requirement and will be paid in the form of common stock if the participant continues to provide services through March 2019, which is the fourth anniversary of the grant date. Restricted stock unit award participants are eligible to receive dividend equivalent payments from the grant date if, and at the time that, the restricted stock unit awards vest.

Below is a table summarizing the potential number of shares that could vest under restricted stock unit awards granted during the six months ended June 30, 2015 at each of the three target levels of financial performance (excluding forfeiture assumptions):

	Number of Shares Vesting		Value at Grant
at IRR of at least 7.5%		47,640	$	2,057
at IRR of at least 9.5%		95,282	$	4,115
at IRR of at least 11.5%		142,922	$	6,173

Due to the fact that the IRR for the two-year performance period could not be determined at the time of grant, the Company estimated that the most likely outcome is the achievement of the mid-point IRR level. The fair value of the restricted stock unit awards was determined based on the market value of the Company’s common stock on the dates of grant, which ranged from $40.75 to $43.28 per share. The Company assumed forfeiture rates ranging from 0% to 5% for the restricted stock unit awards. If during the service period, additional information becomes available to lead the Company to believe a different IRR level will be achieved for the two-year performance period, the Company will reassess the number of units that will vest for the grant and adjust its compensation expense accordingly on a prospective basis over the remaining service period.

	Six Months Ended June 30,
	2015		2014
Number of restricted stock unit awards that vested during the period		123,769		392,238
Fair value of restricted stock unit awards that vested during the period	$	5,483	$	11,312
Accumulated dividends paid upon vesting of restricted stock unit awards	$	442	$	1,341
Income tax benefit recognized upon vesting of restricted stock unit awards	$	2,303	$	4,751
Compensation expense recognized during the period	$	1,739	$	1,603

As of June 30, 2015, the estimated remaining unrecognized compensation expense related to the outstanding restricted stock unit awards was $7,008. The weighted average period over which this remaining compensation expense will be recognized is approximately two years. As of June 30, 2015, the Company had restricted stock units outstanding that represented a total of 544,081 hypothetical shares of common stock, net of actual cumulative forfeitures of 19,934 units, assuming an IRR of 11.1% was reached for the 2012 grant and the maximum IRR level is achieved for each of the 2013, 2014, and 2015 grants.

16

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

9. Interest Rate Swap Agreements

The Company is currently a party to three interest rate swap agreements that are used to hedge interest rate risk associated with the variable interest rates on the Company’s term loan debt and qualify for cash flow hedge accounting. The fair values of the interest rate swaps are recorded on the Company’s condensed consolidated balance sheet as an asset or liability with the effective portion of the interest rate swaps’ gains or losses reported as a component of accumulated other comprehensive loss and the ineffective portion reported in earnings. The changes in fair values are reclassified from accumulated other comprehensive loss into earnings in the same period that the hedged items affect earnings.

The valuation technique used to determine fair value is the income approach and under this approach, the Company uses projected future interest rates as provided by counterparties to the interest rate swap agreements and the fixed rates that the Company is obligated to pay under these agreements. Therefore, the Company’s measurements use significant unobservable inputs, which fall in Level 3 of the U.S. GAAP hierarchy as defined by FASB ASC Topic 820-10-35. There were no changes in valuation techniques during the period and no transfers in or out of Level 3. See Note 12 for a summary of unrealized gains or losses recorded in accumulated other comprehensive loss and earnings.

Below is a summary of the Company’s current interest rate swap agreements designated as cash flow hedges as of June 30, 2015:

Nominal Amount		Effective Date	Pay Rate			Receive Rate	Expiration Date	Estimated Total Fair Value at June 30, 2015(1)
$	175,000	December 2010		1.3975	%	1-Month LIBOR	September 2015	$	439
$	175,000	December 2010		1.4000	%	1-Month LIBOR	September 2015		446
$	100,000	November 2011		1.7150	%	1-Month LIBOR	April 2016		1,117
$	450,000							$	2,002

⁽¹⁾  Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of June 30, 2015.

The changes in accumulated other comprehensive loss, net of taxes, related to the Company’s interest rate swap agreements for the three and six months ended June 30, 2015 and 2014 were as follows:

	Interest Rate Swaps
	2015			2014
Beginning balances – April 1	$	(2,113	)	$	(5,219	)
Other comprehensive loss before reclassifications, net of taxes		(646	)		(848	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		1,501			1,509
Net other comprehensive income		855			661
Ending balances- June 30	$	(1,258	)	$	(4,558	)
	Interest Rate Swaps
	2015			2014
Beginning balances – January 1	$	(2,870	)	$	(5,716	)
Other comprehensive loss before reclassifications, net of taxes		(1,335	)		(1,827	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		2,947			2,985
Net other comprehensive income		1,612			1,158
Ending balances – June 30	$	(1,258	)	$	(4,558	)

17

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

10. Goodwill and Other Intangible Assets

The Company’s goodwill was as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at January 1, 2015 (1)	$	1,156,556	$	120,827		$	1,277,383
Acquisition of Brazil theatre		—		356			356
Foreign currency translation adjustments		—		(11,584	)		(11,584	)
Balance at June 30, 2015 (1)	$	1,156,556	$	109,599		$	1,266,155

⁽¹⁾  Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

The Company evaluates goodwill for impairment on an annual basis during the fourth quarter or whenever events or changes in circumstances indicate the carrying value of goodwill might exceed its estimated fair value. The Company evaluates goodwill for impairment at the reporting unit level and has allocated goodwill to the reporting unit based on an estimate of its relative fair value. The Company considers the reporting unit to be each of its eighteen regions in the U.S. and each of its nine countries internationally (Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala are considered one reporting unit). Goodwill impairment is evaluated using a two-step approach requiring the Company to compute the fair value of a reporting unit and compare it with its carrying value. If the carrying value of the reporting unit exceeds the estimated fair value, a second step is performed to measure the potential goodwill impairment. Significant judgment is involved in estimating cash flows and fair value. Management’s estimates, which fall under Level 3 of the U.S. GAAP fair value hierarchy as defined by FASB ASC Topic 820-10-35, are based on historical and projected operating performance, recent market transactions and current industry trading multiples. Fair value is determined based on a multiple of cash flows, which was eight times for the evaluation performed during the fourth quarter of 2014.

No events or changes in circumstances occurred during the six months ended June 30, 2015 that indicated the carrying value of goodwill might exceed its estimated fair value.

Intangible assets consisted of the following:

	Balance at January 1, 2015			Amortization			Other (1)			Balance at June 30, 2015
Intangible assets with finite lives:
Gross carrying amount	$	99,922		$	—		$	1,054		$	100,976
Accumulated amortization		(52,232	)		(2,909	)		(1,785	)		(56,926	)
Total net intangible assets with finite lives	$	47,690			(2,909	)		(731	)	$	44,050
Intangible assets with indefinite lives:
Tradename		300,334			—			(430	)		299,904
Total intangible assets — net	$	348,024		$	(2,909	)	$	(1,161	)	$	343,954

⁽¹⁾  Includes write-off of intangible assets for closed theatres, impairment of a favorable lease and foreign currency translation adjustments.

Estimated aggregate future amortization expense for intangible assets is as follows:

For the six months ended December 31, 2015	$	2,810
For the twelve months ended December 31, 2016		5,585
For the twelve months ended December 31, 2017		5,052
For the twelve months ended December 31, 2018		4,925
For the twelve months ended December 31, 2019		4,016
Thereafter		21,662
Total	$	44,050

18

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

11. Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment indicators on a quarterly basis or whenever events or changes in circumstances indicate the carrying amount of the assets may not be fully recoverable.

The Company considers actual theatre level cash flows, budgeted theatre level cash flows, theatre property and equipment carrying values, amortizing intangible asset carrying values, the age of a recently built theatre, competitive theatres in the marketplace, the impact of recent ticket price changes, available lease renewal options and other factors considered relevant in its assessment of impairment of individual theatre assets. Long-lived assets are evaluated for impairment on an individual theatre basis, which the Company believes is the lowest applicable level for which there are identifiable cash flows. The impairment evaluation is based on the estimated undiscounted cash flows from continuing use through the remainder of the theatre’s useful life. The remainder of the theatre’s useful life correlates with the available remaining lease period, which includes the probability of renewal periods, for leased properties and the lesser of twenty years or the building’s remaining useful life for fee owned properties. If the estimated undiscounted cash flows are not sufficient to recover a long-lived asset’s carrying value, the Company then compares the carrying value of the asset group with its estimated fair value. When estimated fair value is determined to be lower than the carrying value of the asset group, the asset group is written down to its estimated fair value. Significant judgment is involved in estimating cash flows and fair value. Management’s estimates, which fall under Level 3 of the U.S. GAAP fair value hierarchy as defined by FASB ASC Topic 820-10-35, are based on historical and projected operating performance, recent market transactions and current industry trading multiples. Fair value is determined based on a multiple of cash flows, which was six and a half times for the evaluations performed during the six months ended June 30, 2015 and 2014. As of June 30, 2015, the estimated aggregate fair value of the long-lived assets impaired during the six months ended June 30, 2015 was approximately $1,649.

The long-lived asset impairment charges recorded during each of the periods presented are specific to theatres that were directly and individually impacted by increased competition, adverse changes in market demographics or adverse changes in the development or the conditions of the areas surrounding the theatre.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
U.S. theatre properties	$	2,536	$	430	$	3,330	$	784
U.S. intangible assets		992		—		992		—
International theatre properties		—		—		—		—
Impairment of long-lived assets	$	3,528	$	430	$	4,322	$	784

12. Fair Value Measurements

The Company determines fair value measurements in accordance with FASB ASC Topic 820, which establishes a fair value hierarchy under which an asset or liability is categorized based on the lowest level of input significant to its fair value measurement. The levels of input defined by FASB ASC Topic 820 are as follows:

Level 1 – quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date;

Level 2 – other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3 – unobservable and should be used to measure fair value to the extent that observable inputs are not available.

19

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of June 30, 2015:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(2,002	)	$	—	$	—	$	(2,002	)
Investment in RealD (see Note 7)	$	15,077		$	15,077	$	—	$	—

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of December 31, 2014:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(4,255	)	$	—	$	—	$	(4,255	)
Interest rate swap liabilities – long term (see Note 9)	$	(317	)	$	—	$	—	$	(317	)
Investment in RealD (see Note 7)	$	14,429		$	14,429	$	—	$	—

Below is a reconciliation of the beginning and ending balance for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Liabilities
	2015			2014
Beginning balances - January 1	$	4,572		$	9,176
Total loss included in accumulated other comprehensive loss		377			1,068
Settlements		(2,947	)		(2,985	)
Ending balances – June 30	$	2,002		$	7,259

The Company also uses the market approach for fair value measurements on a nonrecurring basis in the impairment evaluations of its long-lived assets (see Note 10 and Note 11). Additionally, the Company uses the market approach to estimate the fair value of its long-term debt (see Note 4). There were no changes in valuation techniques and there were no transfers in or out of Level 1, Level 2 or Level 3 during the six months ended June 30, 2015.

13. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $191,732 and $144,772 at June 30, 2015 and December 31, 2014, respectively, includes cumulative foreign currency adjustments of $193,977 and $147,930, respectively, from translating the financial statements of the Company’s international subsidiaries, and also includes the change in fair values of the Company’s interest rate swap agreements that are designated as hedges and the change in fair value of the Company’s available-for-sale securities.

All foreign countries where the Company has operations are non-highly inflationary, and the local currency is the same as the functional currency in all of the locations. Thus, any fluctuation in the currency results in a cumulative foreign currency translation adjustment recorded to accumulated other comprehensive loss.

20

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Below is a summary of the impact of translating the June 30, 2015 financial statements of the Company’s international subsidiaries:

	Exchange Rate as of				Other Comprehensive Loss for The Six Months Ended
Country	June 30, 2015		December 31, 2014		June 30, 2015
Brazil		3.16		2.69	$	(33,827	)
Argentina		9.15		8.55		(5,057	)
Peru		3.26		3.05		(2,514	)
Colombia		2,585.1		2,392.4		(2,423	)
All other						(2,226	)
					$	(46,047	)

14. Supplemental Cash Flow Information

The following is provided as supplemental information to the condensed consolidated statements of cash flows:

	Six Months Ended June 30,
	2015			2014
Cash paid for interest	$	53,667		$	53,890
Cash paid for income taxes, net of refunds received	$	44,701		$	64,540
Noncash investing and financing activities:
Change in accounts payable and accrued expenses for the acquisition of theatre properties and equipment (1)	$	(4,701	)	$	(4,617	)
Theatre properties acquired under capital lease	$	13,726		$	4,012
Investment in NCM – receipt of common units (see Note 6)	$	15,421		$	8,216
Dividends accrued on unvested restricted stock unit awards	$	(200	)	$	(274	)

⁽¹⁾  Additions to theatre properties and equipment included in accounts payable as of June 30, 2015 and December 31, 2014 were $17,936 and $13,235, respectively.

15. Segments

The Company manages its international market and its U.S. market as separate reportable operating segments, with the international segment consisting of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues, primarily screen advertising. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments.

21

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Below is a breakdown of selected financial information by reportable operating segment:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
International		211,505			196,881			385,838			357,073
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total revenues	$	799,932		$	717,863		$	1,445,330		$	1,320,143
Adjusted EBITDA(1)
U.S.	$	143,604		$	120,871		$	250,711		$	214,411
International		49,849			48,484			89,863			83,499
Total Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910
Capital expenditures
U.S.	$	43,947		$	30,483		$	118,214		$	60,795
International		26,018			19,274			37,498			41,768
Total capital expenditures	$	69,965		$	49,757		$	155,712		$	102,563

⁽¹⁾  Distributions from NCM are reported entirely within the U.S. operating segment.

The following table sets forth a reconciliation of net income to Adjusted EBITDA:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net income	$	70,890		$	72,134		$	113,792		$	107,830
Add (deduct):
Income taxes		42,774			24,081			69,154			44,943
Interest expense (1)		28,304			28,286			56,511			56,766
Loss on amendment to debt agreement		925			—			925			—
Other income (2)		(8,400	)		(6,455	)		(6,952	)		(14,141	)
Depreciation and amortization		46,569			43,881			91,901			86,377
Impairment of long-lived assets		3,528			430			4,322			784
Loss on sale of assets and other		5,802			3,276			4,352			6,129
Deferred lease expenses		(585	)		249			(1,288	)		1,848
Amortization of long-term prepaid rents		669			407			1,382			785
Share based awards compensation expense		2,977			3,066			6,475			6,589
Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910

⁽¹⁾  Includes amortization of debt issue costs.

⁽²⁾  Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

22

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

Financial Information About Geographic Areas

Below is a breakdown of selected financial information by geographic area:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
Brazil		84,320			97,501			162,613			172,900
Other international countries		127,185			99,380			223,225			184,173
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total	$	799,932		$	717,863		$	1,445,330		$	1,320,143

	June 30, 2015		December 31, 2014
Theatre Properties and Equipment-net
U.S.	$	1,142,382	$	1,094,076
Brazil		188,667		204,107
Other international countries		153,340		152,629
Total	$	1,484,389	$	1,450,812

16. Related Party Transactions

The Company manages theatres for Laredo Theatre, Ltd. (“Laredo”). The Company is the sole general partner and owns 75% of the limited partnership interests of Laredo. Lone Star Theatres, Inc. owns the remaining 25% of the limited partnership interests in Laredo and is 100% owned by Mr. David Roberts, Lee Roy Mitchell’s son-in-law. Lee Roy Mitchell is the Company’s Chairman of the Board of Directors and directly and indirectly owns approximately 9% of the Company’s common stock. Under the agreement, management fees are paid by Laredo to the Company at a rate of 5% of annual theatre revenues. The Company recorded $313 and $279 of management fee revenues during the six months ended June 30, 2015 and 2014, respectively. All such amounts are included in the Company’s condensed consolidated financial statements with the intercompany amounts eliminated in consolidation.

The Company leases 15 theatres and one parking facility from Syufy Enterprises, LP (“Syufy”) or affiliates of Syufy. Raymond Syufy is one of the Company’s directors and is an officer of the general partner of Syufy. Of these 16 leases, 14 have fixed minimum annual rent. The two leases without minimum annual rent have rent based upon a specified percentage of gross sales as defined in the lease. For the six months ended June 30, 2015 and 2014, the Company paid total rent of approximately $11,036 and $11,643, respectively, to Syufy.

17. Commitments and Contingencies

Joseph Amey, et al. v. Cinemark USA, Inc., Case No. 3:13cv05669, In the United States District Court for the Northern District of California, San Francisco Division. The case presents putative class action claims for damages and attorney’s fees arising from employee wage and hour claims under California law for alleged meal period, rest break, reporting time pay, unpaid wages, pay upon termination, and wage statements violations. The claims are also asserted as a representative action under the California Private Attorney General Act (“PAGA”). The Company denies the claims, denies that class certification is appropriate and denies that a PAGA representative action is appropriate, and is vigorously defending against the claims. The case is in pretrial discovery, no class action has been certified, and no representative action has been quantified or recognized. The Company denies any violation of law and plans to vigorously defend against all claims. The Company is unable to predict the outcome of the litigation or the range of potential loss, if any; however, the Company believes that its potential liability with respect to such proceeding is not material, in the aggregate, to its financial position, results of operations and cash flows. Accordingly, the Company has not established a reserve for loss in connection with this proceeding.

23

CINEMARK HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

In thousands, except share and per share data

The Company received a Civil Investigative Demand (“CID”) from the Antitrust Division of the United States Department of Justice. The CID relates to an investigation under Sections 1 and 2 of the Sherman Act. The Company also received CIDs from the Antitrust Section of the Office of the Attorney General of the State of Ohio and later from other states regarding similar inquiries under state antitrust laws. The CIDs request the Company to answer interrogatories, and produce documents, or both, related to the investigation of matters including film clearances, potential coordination and/or communication with other major theatre circuits and related joint ventures. The Company intends to fully cooperate with all federal and state government agencies. Although the Company does not believe that it has violated any federal or state antitrust or competition laws, it cannot predict the ultimate scope, duration or outcome of these investigations.

From time to time, the Company is involved in various legal proceedings arising from the ordinary course of its business operations, such as personal injury claims, employment matters, landlord-tenant disputes, patent claims and contractual disputes, some of which are covered by insurance. The Company believes its potential liability with respect to proceedings currently pending is not material, individually or in the aggregate, to the Company’s financial position, results of operations and cash flows.

24

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion and analysis should be read in conjunction with our condensed consolidated financial statements and related notes and schedules included elsewhere in this report.

We are a leader in the motion picture exhibition industry, with theatres in the U.S., Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. As of June 30, 2015, we managed our business under two reportable operating segments – U.S. markets and international markets. See Note 15 to our condensed consolidated financial statements.

We generate revenues primarily from box office receipts and concession sales with additional revenues from screen advertising sales and other revenue streams, such as vendor marketing promotions, meeting rentals and electronic video games located in some of our theatres. Our relationship with NCM has assisted us in expanding our offerings to domestic advertisers and broadening ancillary revenue sources such as digital video monitor advertising. Our Flix Media initiative has allowed us to expand screen advertising within our international circuit and to other international exhibitors. We also offer alternative entertainment, such as live and pre-recorded sports programs, concert events, the Metropolitan Opera, in-theatre gaming and other special events in our theatres through our recently formed Fathom joint venture, AC JV, LLC.

Films leading the box office for the six months ended June 30, 2015 included Jurassic World, Avengers: Age of Ultron, Furious 7, American Sniper, Home, Pitch Perfect 2, 50 Shades of Grey, The Spongebob Movie: Sponge Out of Water, Mad Max: Fury Road, Kingsman: The Secret Service, San Andreas, Cinderella, The Divergent Series: Insurgent, and Inside Out. Films currently scheduled for wide-release during the remainder of 2015 include Ant-Man, Star Wars: The Force Awakens, Hunger Games: Mockingjay Part II, Minions, the 24th James Bond film Spectre, The Good Dinosaur and Mission: Impossible 5, among other films.

Film rental costs are variable in nature and fluctuate with our admissions revenues. Film rental costs as a percentage of revenues are generally higher for periods in which more blockbuster films are released. Film rental costs can also vary based on the length of a film’s run. Advertising costs, which are expensed as incurred, are primarily fixed at the theatre level as daily movie directories placed in newspapers represent the largest component of advertising costs. The monthly cost of these advertisements is based on, among other things, the size of the directory and the frequency and size of the newspaper’s circulation.

Concession supplies expense is variable in nature and fluctuates with our concession revenues. We purchase concession supplies to replace units sold. We negotiate prices for concession supplies directly with concession vendors and manufacturers to obtain volume rates.

Although salaries and wages include a fixed cost component (i.e. the minimum staffing costs to operate a theatre facility during non-peak periods), salaries and wages move in relation to revenues as theatre staffing is adjusted to respond to changes in attendance. In some international locations, staffing levels are also subject to local regulations.

Facility lease expense is primarily a fixed cost at the theatre level as most of our facility leases require a fixed monthly minimum rent payment. Certain of our leases are subject to percentage rent only while others are subject to percentage rent in addition to their fixed monthly rent if a target annual revenue level is achieved. Facility lease expense as a percentage of revenues is also affected by the number of theatres under operating leases, the number of theatres under capital leases and the number of fee-owned theatres.

Utilities and other costs include certain costs that have both fixed and variable components such as utilities, property taxes, janitorial costs, repairs and maintenance and security services.

25

Results of Operations

The following table sets forth, for the periods indicated, certain operating data and the percentage of revenues represented by certain items reflected in our condensed consolidated statements of income.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
Operating data (in millions):	2015			2014			2015			2014
Revenues
Admissions	$	502.9		$	455.7		$	903.6		$	836.6
Concession		259.6			226.5			474.0			419.5
Other		37.4			35.7			67.7			64.1
Total revenues	$	799.9		$	717.9		$	1,445.3		$	1,320.2
Cost of operations
Film rentals and advertising		285.3			249.2			501.0			449.9
Concession supplies		40.9			35.4			73.4			65.4
Salaries and wages		76.5			69.9			145.7			134.3
Facility lease expense		82.4			80.6			162.0			159.0
Utilities and other		85.1			78.6			160.5			154.5
General and administrative expenses		39.3			39.7			77.2			79.1
Depreciation and amortization		46.6			43.9			91.9			86.4
Impairment of long-lived assets		3.5			0.4			4.3			0.8
Loss on sale of assets and other		5.8			3.3			4.4			6.1
Total cost of operations		665.4			601.0			1,220.4			1,135.5
Operating income	$	134.5		$	116.9		$	224.9		$	184.7
Operating data as a percentage of total revenues:
Revenues
Admissions		62.9	%		63.5	%		62.5	%		63.4	%
Concession		32.4	%		31.5	%		32.8	%		31.8	%
Other		4.7	%		5.0	%		4.7	%		4.8	%
Total revenues		100.0	%		100.0	%		100.0	%		100.0	%
Cost of operations (1)
Film rentals and advertising		56.7	%		54.7	%		55.4	%		53.8	%
Concession supplies		15.8	%		15.6	%		15.5	%		15.6	%
Salaries and wages		9.6	%		9.7	%		10.1	%		10.2	%
Facility lease expense		10.3	%		11.2	%		11.2	%		12.0	%
Utilities and other		10.6	%		10.9	%		11.1	%		11.7	%
General and administrative expenses		4.9	%		5.5	%		5.3	%		6.0	%
Depreciation and amortization		5.8	%		6.1	%		6.4	%		6.5	%
Impairment of long-lived assets		0.4	%		0.1	%		0.3	%		0.1	%
Loss on sale of assets and other		0.7	%		0.5	%		0.3	%		0.5	%
Total cost of operations		83.2	%		83.7	%		84.4	%		86.0	%
Operating income		16.8	%		16.3	%		15.6	%		14.0	%
Average screen count (month end average)		5,707			5,597			5,693			5,590
Revenues per average screen (dollars)	$	140,167		$	128,259		$	253,878		$	236,162

⁽¹⁾  All costs are expressed as a percentage of total revenues, except film rentals and advertising, which are expressed as a percentage of admissions revenues and concession supplies, which are expressed as a percentage of concession revenues.

26

Three months ended June 30, 2015 versus June 30, 2014

Revenues. Total revenues increased $82.0 million to $799.9 million for the three months ended June 30, 2015 (“second quarter of 2015”) from $717.9 million for the three months ended June 30, 2014 (“second quarter of 2014”), representing an 11.4% increase. The table below, presented by reportable operating segment, summarizes our year-over-year revenue performance and certain key performance indicators that impact our revenues.

	U.S. Operating Segment							International Operating Segment							Consolidated
	Three Months Ended							Three Months Ended							Three Months Ended
	June 30,							June 30,							June 30,
					%							%							%
	2015		2014		Change			2015		2014		Change			2015		2014		Change
Admissions revenues(1)	$	375.6	$	334.7		12.2	%	$	127.3	$	121.0		5.2	%	$	502.9	$	455.7		10.4	%
Concession revenues(1)	$	195.0	$	170.6		14.3	%	$	64.6	$	55.9		15.6	%	$	259.6	$	226.5		14.6	%
Other revenues(1)(2)	$	17.8	$	15.7		13.4	%	$	19.6	$	20.0		(2.0	)%	$	37.4	$	35.7		4.8	%
Total revenues (1)(2)	$	588.4	$	521.0		12.9	%	$	211.5	$	196.9		7.4	%	$	799.9	$	717.9		11.4	%
Attendance(1)		49.0		46.5		5.4	%		27.7		24.0		15.4	%		76.7		70.5		8.8	%

⁽¹⁾  Amounts in millions.

⁽²⁾  U.S. operating segment revenues include eliminations of intercompany transactions with the international operating segment. See Note 15 of our condensed consolidated financial statements.

• U.S. Admissions revenues increased $40.9 million due to a 5.4% increase in attendance and a 6.5% increase in average ticket price from $7.20 for the second quarter of 2014 to $7.67 for the second quarter of 2015. The increase in concession revenues of $24.4 million was attributable to an 8.4% increase in concession revenues per patron from $3.67 for the second quarter of 2014 to $3.98 for the second quarter of 2015 and the 5.4% increase in attendance. The increase in attendance was due to the solid slate of films released during the second quarter of 2015. The increase in average ticket price was primarily due to price increases and increased sales for premium concepts, such as 3-D and XD. The increase in concession revenues per patron was primarily due to incremental sales and price increases. Other revenues increased primarily due to increases in screen advertising revenues.

• International. Admissions revenues increased $6.3 million due to a 15.4% increase in attendance, partially offset by an 8.7% decrease in average ticket price from $5.04 for the second quarter of 2014 to $4.60 for the second quarter of 2015. The increase in concession revenues of $8.7 million was primarily attributable to the 15.4% increase in attendance. Concession revenues per patron were consistent at $2.33 for the second quarter of 2014 and the second quarter of 2015. The increase in attendance was due to the solid slate of films released during the second quarter of 2015 and new theatres. The decrease in average ticket price was primarily due to the unfavorable impact of foreign currency exchange rates in certain countries in which we operate, partially offset by price increases and increased sales for premium concepts, such as 3-D and XD. Concession revenues per patron increased due to price increases, offset by the unfavorable impact of foreign currency exchange rates in certain countries in which we operate.

Cost of Operations. The table below summarizes certain of our year-over-year theatre operating costs by reportable operating segment (in millions).

	U.S. Operating Segment				International Operating Segment				Consolidated
	Three Months Ended June 30,				Three Months Ended June 30,				Three Months Ended June 30,
	2015		2014		2015		2014		2015		2014
Film rentals and advertising	$	221.5	$	190.4	$	63.8	$	58.8	$	285.3	$	249.2
Concession supplies		26.4		23.3		14.5		12.1		40.9		35.4
Salaries and wages		56.8		51.9		19.7		18.0		76.5		69.9
Facility lease expense		59.6		58.5		22.8		22.1		82.4		80.6
Utilities and other		58.1		55.1		27.0		23.5		85.1		78.6

• U.S. Film rentals and advertising costs were $221.5 million, or 59.0% of admissions revenues, for the second quarter of 2015 compared to $190.4 million, or 56.9% of admissions revenues, for the second quarter of 2014. The increase in the film rentals and advertising rate was primarily due to the higher concentration of blockbuster films and higher box office performance during the second quarter of 2015. The second quarter of 2015 included such blockbuster releases as Jurassic World, The Avengers: Age of Ultron, Furious 7, and Inside Out, which grossed in excess of $500 million, $450 million, $350 million, and $200 million, respectively, and all of which had higher film rental rates due to their box office performance. Concession supplies expense was $26.4 million, or 13.5% of concession revenues, for the second quarter of 2015 compared to $23.3 million, or 13.7% of concession revenues, for the second quarter of 2014. The decrease in the concession supplies rate was primarily due to the impact of sales price increases.

27

Salaries and wages increased to $56.8 million for the second quarter of 2015 from $51.9 million for the second quarter of 2014 primarily due to new theatres, increased staffing levels due to increased attendance and increases in minimum wages. Facility lease expense increased to $59.6 million for the second quarter of 2015 from $58.5 million for the second quarter of 2014 due to new theatres. Utilities and other costs increased to $58.1 million for the second quarter of 2015 from $55.1 million for the second quarter of 2014 due to new theatres and increases in property taxes, insurance costs and security expenses.

• International. Film rentals and advertising costs were $63.8 million, or 50.1% of admissions revenues, for the second quarter of 2015 compared to $58.8 million, or 48.6% of admissions revenues, for the second quarter of 2014. The increase in the film rentals and advertising rate was due to the higher concentration of blockbuster films and higher box office performance during the second quarter of 2015. Concession supplies expense was $14.5 million, or 22.4% of concession revenues, for the second quarter of 2015 compared to $12.1 million, or 21.6% of concession revenues, for the second quarter of 2014.

Salaries and wages increased to $19.7 million for the second quarter of 2015 from $18.0 million for the second quarter of 2014 primarily due to increased staffing levels, new theatres and increased wage rates. Facility lease expense increased to $22.8 million for the second quarter of 2015 from $22.1 million for the second quarter of 2014 as a result of increased percentage rent expense due to increased revenues and new theatres. Utilities and other costs increased to $27.0 million for the second quarter of 2015 from $23.5 million for the second quarter of 2014, primarily due to increases in utility costs, 3-D presentation and other costs and new theatres. All of the above-mentioned theatre operating costs were also impacted by changes in foreign currency exchanges rates in certain countries in which we operate.

General and Administrative Expenses. General and administrative expenses decreased to $39.3 million for the second quarter of 2015 from $39.7 million for the second quarter of 2014. The decrease was primarily due to the impact of changes in foreign currency exchange rates in certain countries in which we operate and decreases in professional fees, partially offset by increased salaries and incentive compensation expense.

Depreciation and Amortization. Depreciation and amortization expense was $46.6 million during the second quarter of 2015 compared to $43.9 million during the second quarter of 2014. The increase was primarily due to new theatres.

Impairment of Long-Lived Assets. We recorded asset impairment charges on assets held and used of $3.5 million during the second quarter of 2015 compared to $0.4 million during the second quarter of 2014. The long-lived asset impairment charges recorded during each of the periods presented were specific to theatres that were directly and individually impacted by increased competition, adverse changes in market demographics or adverse changes in the development or the conditions of the areas surrounding the theatre. Impairment charges for the second quarter of 2015 consisted of U.S. theatre properties, impacting four of our twenty-seven reporting units, and certain intangible assets associated with these theatres. See Note 11 to our condensed consolidated financial statements.

Loss on Sale of Assets and Other. We recorded a loss on sale of assets and other of $5.8 million during the second quarter of 2015 compared to $3.3 million during the second quarter of 2014. The loss recorded during the second quarter of 2015 included lease termination costs and retirement of assets due to theatre remodels and closures. The loss recorded during the second quarter of 2014 was primarily due to the replacement of certain theatre assets.

Interest Expense. Interest costs incurred, including amortization of debt issue costs, were $28.3 million during the second quarter of 2015, consistent with the second quarter of 2014.

Distributions from NCM. We recorded a distribution from NCM of $1.2 million during the second quarter of 2014, which was in excess of the carrying value of our Tranche 1 investment. NCM did not distribute any excess cash during the second quarter of 2015 due to expenses incurred as the result of the termination of a proposed merger. See Note 6 to our condensed consolidated financial statements.

Equity in Income of Affiliates. We recorded equity in income of affiliates of $4.1 million during the second quarter of 2015 compared to $3.6 million during the second quarter of 2014. See Notes 6 and 7 to our condensed consolidated financial statements for information about our equity investments.

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Income Taxes. Income tax expense of $42.8 million was recorded for the second quarter of 2015 compared to $24.1 million recorded for the second quarter of 2014. The effective tax rate was approximately 37.6% for the second quarter of 2015 compared to 25.0% for the second quarter of 2014. The effective tax rate for the second quarter of 2014 reflects the impact of items related to our Mexican subsidiaries. Income tax provisions for interim (quarterly) periods are based on estimated annual income tax rates and are adjusted for the effects of significant, infrequent or unusual items (i.e. discrete items) occurring during the interim period. As a result, the interim rate may vary significantly from the normalized annual rate.

Six months ended June 30, 2015 versus June 30, 2014

Revenues. Total revenues increased $125.1 million to $1,445.3 million for the six months ended June 30, 2015 (“the 2015 period”) from $1,320.2 million for the six months ended June 30, 2014 (“the 2014 period”), representing a 9.5% increase. The table below, presented by reportable operating segment, summarizes our year-over-year revenue performance and certain key performance indicators that impact our revenues.

	U.S. Operating Segment							International Operating Segment							Consolidated
	Six Months Ended							Six Months Ended							Six Months Ended
	June 30,							June 30,							June 30,
					%							%							%
	2015		2014		Change			2015		2014		Change			2015		2014		Change
Admissions revenues (1)	$	671.4	$	617.4		8.7	%	$	232.2	$	219.2		5.9	%	$	903.6	$	836.6		8.0	%
Concession revenues (1)	$	354.6	$	316.1		12.2	%	$	119.4	$	103.4		15.5	%	$	474.0	$	419.5		13.0	%
Other revenues (1) (2)	$	33.5	$	29.6		13.2	%	$	34.2	$	34.5		(0.9	)%	$	67.7	$	64.1		5.6	%
Total revenues (1) (2)	$	1,059.5	$	963.1		10.0	%	$	385.8	$	357.1		8.0	%	$	1,445.3	$	1,320.2		9.5	%
Attendance (1)		90.5		87.1		3.9	%		51.7		44.9		15.1	%		142.2		132.0		7.7	%

⁽¹⁾  Amounts in millions.

⁽²⁾  U.S. operating segment revenues include eliminations of intercompany transactions with the international operating segment. See Note 15 of our condensed consolidated financial statements.

• U.S. The increase in admissions revenues of $54.0 million was attributable to a 3.9% increase in attendance and a 4.7% increase in average ticket price from $7.09 for the 2014 period to $7.42 for the 2015 period. The increase in concession revenues of $38.5 million was attributable to the 3.9% increase in attendance and an 8.0% increase in concession revenues per patron from $3.63 for the 2014 period to $3.92 for the 2015 period. The increase in attendance was due to the solid slate of films released during the 2015 period. The increase in average ticket price was primarily due to price increases. The increase in concession revenues per patron was primarily due to incremental sales and price increases. Other revenues increased primarily due to increases in screen advertising revenues.

• International. Admissions revenues increased $13.0 million as a result of a 15.1% increase in attendance, partially offset by an 8.0% decrease in average ticket price from $4.88 for the 2014 period to $4.49 for the 2015 period. Concession revenues increased $16.0 million as a result of the 15.1% increase in attendance and a 0.4% increase in concession revenues per patron from $2.30 for the 2014 period to $2.31 for the 2015 period. The increase in attendance was due to the solid slate of films released during the 2015 period and new theatres. The decrease in average ticket price was primarily due to the unfavorable impact of foreign currency exchange rates in certain countries in which we operate. Concession revenues per patron increased primarily due to price increases, the impact of which was almost entirely offset by the unfavorable impact of foreign currency exchange rates in certain countries in which we operate.

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Cost of Operations. The table below summarizes certain of our year-over-year theatre operating costs by reportable operating segment (in millions).

	U.S. Operating Segment				International Operating Segment				Consolidated
	Six Months Ended June 30,				Six Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014		2015		2014
Film rentals and advertising	$	387.4	$	344.4	$	113.6	$	105.5	$	501.0	$	449.9
Concession supplies		47.4		43.5		26.0		21.9		73.4		65.4
Salaries and wages		108.3		100.5		37.4		33.8		145.7		134.3
Facility lease expense		119.3		117.8		42.7		41.2		162.0		159.0
Utilities and other		111.5		108.9		49.0		45.6		160.5		154.5

• U.S. Film rentals and advertising costs were $387.4 million, or 57.7% of admissions revenues for the 2015 period compared to $344.4 million, or 55.8% of admissions revenues for the 2014 period. The increase in the film rentals and advertising rate was primarily due to the higher concentration of blockbuster films and higher box office performance during the 2015 period and increased film presentation costs. The 2015 period included such blockbuster releases as Jurassic World, The Avengers: Age of Ultron, Furious 7, American Sniper and Inside Out, which grossed in excess of $500 million, $450 million, $350 million, $350 million, and $200 million, respectively, and all of which had higher film rental rates due to their box office performance. Concession supplies expense was $47.4 million, or 13.4% of concession revenues, for the 2015 period compared to $43.5 million, or 13.8% of concession revenues, for the 2014 period. The decrease in the concession supplies rate was primarily due to the impact of sales price increases.

Salaries and wages increased to $108.3 million for the 2015 period from $100.5 million for the 2014 period primarily due to new theatres, increased staffing levels due to increased attendance and increases in minimum wages. Facility lease expense increased to $119.3 million for the 2015 period from $117.8 million for the 2014 period primarily due to new theatres. Utilities and other costs increased to $111.5 million for the 2015 period from $108.9 million for the 2014 period due to new theatres and increases in property taxes, insurance costs and security expenses.

• International. Film rentals and advertising costs were $113.6 million, or 48.9% of admissions revenues, for the 2015 period compared to $105.5 million, or 48.1% of admissions revenues, for the 2014 period. The increase in the film rentals and advertising rate was due to the higher concentration of blockbuster films and higher box office performance during the 2015 period. Concession supplies expense was $26.0 million, or 21.8% of concession revenues, for the 2015 period compared to $21.9 million, or 21.2% of concession revenues, for the 2014 period.

Salaries and wages increased to $37.4 million for the 2015 period from $33.8 million for the 2014 period due to new theatres and increased staffing levels and wage rates. Facility lease expense increased to $42.7 million for the 2015 period from $41.2 million for the 2014 period as a result of increased percentage rent expense due to increased revenues and new theatres. Utilities and other costs increased to $49.0 million for the 2015 period from $45.6 million for the 2014 period due to increases in utility costs and repairs and maintenance expenses and new theatres. All of the above-mentioned theatre operating costs were also impacted by changes in foreign currency exchanges rates in certain countries in which we operate.

General and Administrative Expenses. General and administrative expenses decreased to $77.2 million for the 2015 period from $79.1 million for the 2014 period. The decrease was primarily due to the impact of changes in foreign currency exchange rates in certain countries in which we operate and decreases in professional fees, partially offset by increases in salaries and incentive compensation expense.

Depreciation and Amortization. Depreciation and amortization expense was $91.9 million for the 2015 period compared to $86.4 million for the 2014 period. The increase was primarily due to new theatres.

Impairment of Long-Lived Assets. We recorded asset impairment charges on assets held and used of $4.3 million for the 2015 period compared to $0.8 million for the 2014 period. The long-lived asset impairment charges recorded during each of the periods presented were specific to theatres that were directly and individually impacted by increased competition, adverse changes in market demographics or adverse changes in the development or the conditions of the areas surrounding the theatre. Impairment charges for the 2015 period consisted of U.S. theatre properties, impacting four of our twenty-seven reporting units, and intangible assets associated with these theatres. See Note 11 to our condensed consolidated financial statements.

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Loss on Sale of Assets and Other. We recorded a loss on sale of assets and other of $4.4 million during the 2015 period compared to $6.1 million during the 2014 period. The loss recorded during the 2015 period included lease termination costs, contract termination costs and the retirement of assets due to theatre remodels and closures, partially offset by a gain related to lease amendments that resulted in a reduction of certain capital lease liabilities. The loss recorded during the 2014 period was primarily due to the replacement of certain theatre assets.

Interest Expense. Interest costs incurred, including amortization of debt issue costs, were $56.5 million for the 2015 period compared to $56.8 million for the 2014 period.

Distributions from NCM. We recorded distributions from NCM of $8.5 million during the 2015 period and $10.7 million during the 2014 period, which were in excess of the carrying value of our Tranche 1 investment. NCM did not distribute any excess cash during the second quarter of 2015 due to expenses incurred as the result of the termination of a proposed merger. See Note 6 to our condensed consolidated financial statements.

Equity in Income of Affiliates. We recorded equity in income of affiliates of $9.3 million during the 2015 period compared to $7.2 million during the 2014 period. See notes 6 and 7 for information about the equity investments to our condensed consolidated financial statements.

Income Taxes. Income tax expense of $69.2 million was recorded for the 2015 period compared to $44.9 million recorded for the 2014 period. The effective tax rate was 37.8% for the 2015 period compared to 29.4% for the 2014 period. The effective tax rate for the 2014 period reflects the impact of items related to our Mexican subsidiaries. Income tax provisions for interim (quarterly) periods are based on estimated annual income tax rates and are adjusted for the effects of significant, infrequent or unusual items (i.e. discrete items) occurring during the interim period. As a result, the interim rate may vary significantly from the normalized annual rate.

Liquidity and Capital Resources

Operating Activities

We primarily collect our revenues in cash, mainly through box office receipts and the sale of concessions. In addition, nearly all of our theatres provide the patron a choice of using a credit card, debit card or advanced-sale type certificates such as a gift card, in place of cash. Because our revenues are received in cash prior to the payment of related expenses, we have an operating “float” and historically have not required traditional working capital financing. Cash provided by operating activities was $180.8 million for the six months ended June 30, 2015 compared to $159.7 million for the six months ended June 30, 2014.

Investing Activities

Our investing activities have been principally related to the development and acquisition of theatres. New theatre openings and acquisitions historically have been financed with internally generated cash and by debt financing, including borrowings under our senior secured credit facility. Cash used for investing activities was $155.2 million for the six months ended June 30, 2015 compared to $102.9 million for the six months ended June 30, 2014.

Capital expenditures for the six months ended June 30, 2015 and 2014 were as follows (in millions):

Period	New Theatres		Existing Theatres			Total
Six Months Ended June 30, 2015	$	56.0	$	99.7	(a)	$	155.7
Six Months Ended June 30, 2014	$	47.0	$	55.6		$	102.6

^(a)  Includes approximately $26.3 million for the purchase of our corporate headquarters building in Plano, TX.

Our U.S. theatre circuit consisted of 4,491 screens at June 30, 2015. During the six months ended June 30, 2015, we built two new theatres with 22 screens and closed three theatres with 30 screens. At June 30, 2015, we had signed commitments to open seven new theatres with 77 screens in domestic markets during the remainder of 2015 and open nine new theatres with 98 screens subsequent to 2015. We estimate the remaining capital expenditures for the development of these 175 domestic screens will be approximately $93 million. Actual expenditures for continued theatre development and acquisitions are subject to change based upon the availability of attractive opportunities.

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Our international theatre circuit consisted of 1,229 screens at June 30, 2015. During the six months ended June 30, 2015, we built eight new theatres with 48 screens, acquired one theatre with 5 screens and closed one screen. At June 30, 2015, we had signed commitments to open four new theatres and 34 screens in international markets during the remainder of 2015 and open three new theatres and 25 screens subsequent to 2015. We estimate the remaining capital expenditures for the development of these 59 international screens will be approximately $43 million. Actual expenditures for continued theatre development and acquisitions are subject to change based upon the availability of attractive opportunities.

We plan to fund capital expenditures for our continued development with cash flow from operations, borrowings under our senior secured credit facility, and proceeds from debt issuances, sale leaseback transactions and/or sales of excess real estate.

Financing Activities

Cash used for financing activities was $79.1 million for the six months ended June 30, 2015 compared to $75.9 million for the six months ended June 30, 2014.

We, at the discretion of the board of directors and subject to applicable law, anticipate paying regular quarterly dividends on our common stock. The amount, if any, of the dividends to be paid in the future will depend upon our then available cash, anticipated cash needs, overall financial condition, loan agreement restrictions as discussed below, future prospects for earnings and cash flows, as well as other relevant factors.

We may from time to time, subject to compliance with our debt instruments, purchase our debt securities on the open market depending upon the availability and prices of such securities. Long-term debt consisted of the following as of June 30, 2015 (in millions):

Cinemark, USA, Inc. term loan	$	682.5
Cinemark USA, Inc. 4.875% senior notes due 2023		530.0
Cinemark USA, Inc. 5.125% senior notes due 2022		400.0
Cinemark USA, Inc. 7.375% senior subordinated notes due 2021		200.0
Other		7.0
Total long-term debt	$	1,819.5
Less current portion		8.4
Long-term debt, less current portion	$	1,811.1

As of June 30, 2015, Cinemark USA, Inc. had $100.0 million in available borrowing capacity on our revolving credit line.

Contractual Obligations

Due to the recent amendment to our Senior Secured Credit Facility, which extended the maturity of our outstanding term loan debt (see Note 4 to our condensed consolidated financial statements), we have included below our long-term debt and related estimated scheduled interest payments as of June 30, 2015.

	Payments Due by Period (in millions)
	Total		Less Than One Year		1 - 3 Years		3 - 5 Years		After 5 Years
Long-term debt	$	1,819.5	$	8.4	$	16.8	$	16.8	$	1,777.5
Scheduled interest payments on long-term debt (1)	$	592.2	$	84.5	$	165.3	$	164.1	$	178.3

⁽¹⁾  Amounts include scheduled interest payments on fixed rate and variable rate debt agreements. Estimates for the variable rate interest payments were based on interest rates currently in effect. The average interest rates currently in effect on our fixed rate and variable rate debt are 5.1% and 3.2%, respectively.

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Other than the changes in our long term debt obligations discussed above, there have been no material changes in our contractual obligations previously disclosed in “Liquidity and Capital Resources” in our Annual Report on Form 10-K for the year ended December 31, 2014 filed February 27, 2015.

Off-Balance Sheet Arrangements

Other than the operating leases and purchase commitments disclosed in our Annual Report on Form 10-K for the year ended December 31, 2014 filed February 27, 2015, we do not have any off-balance sheet arrangements.

Cinemark USA, Inc. 4.875% Senior Notes

On May 24, 2013, Cinemark USA, Inc. issued $530.0 million aggregate principal amount of 4.875% senior notes due 2023, at par value, (the “4.875% Senior Notes”). Interest on the 4.875% Senior Notes is payable on June 1 and December 1 of each year. The 4.875% Senior Notes mature on June 1, 2023.

The indenture to the 4.875% Senior Notes contains covenants that include limitations on the amount of dividends that Cinemark USA, Inc. can pay. As of June 30, 2015, Cinemark USA, Inc. could have distributed up to approximately $1,906.3 million to its parent company and sole stockholder, Cinemark Holdings, Inc., under the terms of the indenture to the 4.875% Senior Notes, subject to its available cash and other borrowing restrictions outlined in the indenture. The indenture allows Cinemark USA, Inc. to incur additional indebtedness if it satisfies the coverage ratio specified in the indenture, after giving effect to the incurrence of the additional indebtedness, and in certain other circumstances. The required minimum coverage ratio is 2 to 1 and our actual ratio as of June 30, 2015 was approximately 7.0 to 1.

Senior Secured Credit Facility

Cinemark USA, Inc. has a senior secured credit facility that includes a seven year $700.0 million term loan and a five year $100.0 million revolving credit line (the “Senior Secured Credit Facility”). On May 8, 2015, Cinemark USA, Inc. amended the Senior Secured Credit Facility to extend the maturity of the term loan from December 2019 to May 2022. Quarterly principal payments in the amount of $1.75 million are due on the term loan through March 31, 2022, with the remaining principal of $635.3 million due on May 8, 2022. The maturity date of December 2017 for the revolving credit line did not change.

Interest on the term loan accrues at Cinemark USA, Inc.’s option at: (A) the base rate equal to the higher of (1) the prime lending rate as set forth on the British Banking Association Telerate page 5, or (2) the federal funds effective rate from time to time plus 0.50%, plus a margin of 2.0% per annum, or (B) a “eurodollar rate” plus a margin of 3.0% per annum. Interest on the revolving credit line accrues, at Cinemark USA, Inc.’s option, at: (A) a base rate equal to the higher of (1) the prime lending rate as set forth on the British Banking Association Telerate page 5 and (2) the federal funds effective rate from time to time plus 0.50%, plus a margin that ranges from 1.00% to 1.75% per annum, or (B) a “eurodollar rate” plus a margin that ranges from 2.00% to 2.75% per annum. The margin of the revolving credit line is determined by the consolidated net senior secured leverage ratio as defined in the credit agreement.

The Senior Secured Credit Facility contains usual and customary negative covenants for agreements of this type, including restrictions on Cinemark USA, Inc.’s ability to pay dividends. In addition, if Cinemark USA, Inc. has borrowings outstanding on the revolving credit line, it is required to satisfy a consolidated net senior secured leverage ratio covenant as determined in accordance with the Senior Secured Credit Facility. Under the restrictions outlined in the agreements, as of June 30, 2015, Cinemark USA, Inc. could have distributed up to approximately $1,806.7 million to its parent company and sole stockholder, Cinemark Holdings, Inc., under the terms of the Senior Secured Credit Facility, subject to its available cash and other borrowing restrictions outlined in the agreement.

At June 30, 2015, there was $682.5 million outstanding under the term loan and no borrowings outstanding under the revolving credit line. Cinemark USA, Inc. had $100.0 million in available borrowing capacity on the revolving credit line. The average interest rate on outstanding term loan borrowings under the Senior Secured Credit Facility at June 30, 2015 was approximately 4.0% per annum.

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Cinemark USA, Inc. 5.125% Senior Notes

On December 18, 2012, Cinemark USA, Inc. issued $400.0 million aggregate principal amount of 5.125% senior notes due 2022, at par value (the “5.125% Senior Notes”). Interest on the 5.125% Senior Notes is payable on June 15 and December 15 of each year. The 5.125% Senior Notes mature on December 15, 2022.

The indenture to the 5.125% Senior Notes contains covenants including limitations on the amount of dividends that could be paid by Cinemark USA, Inc. As of June 30, 2015, Cinemark USA, Inc. could have distributed up to approximately $1,911.9 million to its parent company and sole stockholder, Cinemark Holdings, Inc., under the terms of the indenture to the 5.125% Senior Notes, subject to its available cash and other borrowing restrictions outlined in the indenture. The indenture allows Cinemark USA, Inc. to incur additional indebtedness if it satisfies the coverage ratio specified in the indenture, after giving effect to the incurrence of the additional indebtedness, and in certain other circumstances. The required minimum coverage ratio is 2 to 1 and our actual ratio as of June 30, 2015 was approximately 7.2 to 1.

Cinemark USA, Inc. 7.375% Senior Subordinated Notes

On June 3, 2011, Cinemark USA, Inc. issued $200.0 million aggregate principal amount of 7.375% senior subordinated notes due 2021, at par value (the “Senior Subordinated Notes”). Interest on the Senior Subordinated Notes is payable on June 15 and December 15 of each year. The Senior Subordinated Notes mature on June 15, 2021.

The indenture to the Senior Subordinated Notes contains covenants including limitations on the amount of dividends that could be paid by Cinemark USA, Inc. As of June 30, 2015, Cinemark USA, Inc. could have distributed up to approximately $1,899.6 million to its parent company and sole stockholder, Cinemark Holdings, Inc., under the terms of the indenture to the Senior Subordinated Notes, subject to its available cash and other borrowing restrictions outlined in the indenture governing the Senior Subordinated Notes. The indenture allows Cinemark USA, Inc. to incur additional indebtedness if it satisfies the coverage ratio specified in the indenture, after giving effect to the incurrence of the additional indebtedness, and in certain other circumstances. The required minimum coverage ratio is 2 to 1, and our actual ratio as of June 30, 2015 was approximately 6.9 to 1.

Covenant Compliance

As of June 30, 2015, we believe we were in full compliance with all agreements, including all related covenants, governing our outstanding debt.

Seasonality

Our revenues have historically been seasonal, coinciding with the timing of releases of motion pictures by the major distributors. Generally, the most successful motion pictures have been released during the summer, extending from May to July, and during the holiday season, extending from early November through year-end. The unexpected emergence of a hit film during other periods can alter this seasonality trend. The timing of such film releases can have a significant effect on our results of operations, and the results of one quarter are not necessarily indicative of results for the next quarter or for the same period in the following year.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

We have exposure to financial market risks, including changes in interest rates, foreign currency exchange rates and other relevant market prices.

Interest Rate Risk

We are currently party to variable rate debt facilities. An increase or decrease in interest rates would affect our interest expense relating to our variable rate debt facilities. At June 30, 2015, there was an aggregate of approximately $232.5 million of variable rate debt outstanding under these facilities, which excludes $450.0 million of Cinemark USA, Inc.’s term loan debt that is hedged with the Company’s interest rate swap agreements in effect as of June 30, 2015 as discussed below. Based on the interest rates in effect on the variable rate debt outstanding at June 30, 2015, a 100 basis point increase in market interest rates would increase our annual interest expense by approximately $2.3 million.

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Our interest rate swap agreements qualify for cash flow hedge accounting. The fair values of the interest rate swaps are recorded on our condensed consolidated balance sheet as an asset or liability with the effective portion of the interest rate swaps’ gains or losses reported as a component of accumulated other comprehensive loss and the ineffective portion reported in earnings.

Below is a summary of our interest rate swap agreements as of June 30, 2015:

Nominal Amount (in millions)		Effective Date	Pay Rate			Receive Rate	Expiration Date
$	175.0	December 2010		1.3975	%	1-month LIBOR	September 2015
$	175.0	December 2010		1.4000	%	1-month LIBOR	September 2015
$	100.0	November 2011		1.7150	%	1-month LIBOR	April 2016
$	450.0

The table below provides information about our fixed rate and variable rate long-term debt agreements as of June 30, 2015:

	Expected Maturity for the Twelve-Month Periods Ending June 30,																Average
	(in millions)																Interest
	2016		2017		2018		2019		2020		Thereafter		Total		Fair Value		Rate
Fixed rate (1)	$	1.4	$	1.4	$	1.4	$	1.4	$	1.4	$	1,580.0	$	1,587.0	$	1,576.2		5.1	%
Variable rate		7.0		7.0		7.0		7.0		7.0		197.5		232.5		233.7		3.2	%
Total debt	$	8.4	$	8.4	$	8.4	$	8.4	$	8.4	$	1,777.5	$	1,819.5	$	1,809.9

⁽¹⁾  Includes $450.0 million of the Cinemark USA, Inc. term loan, which represents the debt hedged with the Company’s interest rate swap agreements in effect as of June 30, 2015 discussed above.

Foreign Currency Exchange Rate Risk

There have been no material changes in foreign currency exchange rate risk previously disclosed in “Quantitative and Qualitative Disclosures About Market Risk” in the Company’s Annual Report on Form 10-K filed February 27, 2015.

Item 4. Controls and Procedures

Evaluation of the Effectiveness of Disclosure Controls and Procedures

As of June 30, 2015, we carried out an evaluation required by the Securities Exchange Act of 1934, as amended (the “Exchange Act”), under the supervision and with the participation of our principal executive officer and principal financial officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rule 13a-15(e) of the Exchange Act. Based on this evaluation, our principal executive officer and principal financial officer concluded that, as of June 30, 2015, our disclosure controls and procedures were effective to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms and were effective to provide reasonable assurance that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosures.

Changes in Internal Control Over Financial Reporting

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 that occurred during the quarter ended June 30, 2015 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

There have been no material changes from legal proceedings previously reported under “Business – Legal Proceedings” in the Company’s Annual Report on Form 10-K filed February 27, 2015, other than those disclosed in Note 17 to the financial statements included herein.

Item 1A. Risk Factors

There have been no material changes from risk factors previously disclosed in “Risk Factors” in the Company’s Annual Report on Form 10-K filed February 27, 2015.

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Item 6. Exhibits

+*10.1	Second Amended and Restated Non-Employee Director Compensation Policy dated as of June 4, 2015.
*31.1	Certification of Tim Warner, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*31.2	Certification of Sean Gamble, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*32.1	Certification of Tim Warner, Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002.
*32.2	Certification of Sean Gamble, Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002.
*101	Financial Statements from the quarterly report on Form 10-Q of Cinemark Holdings, Inc. for the quarter ended June 30, 2015, filed August 6, 2015, formatted in XBRL: (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Income, (iii) the Condensed Consolidated Statements of Comprehensive Income (iv) the Condensed Consolidated Statements of Cash Flows and (v) the Notes to Condensed Consolidated Financial Statements tagged as detailed text.

* filed herewith.

+ Any management contract, compensatory plan or arrangement.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CINEMARK HOLDINGS, INC.

Registrant

DATE: August 6, 2015

/s/ Tim Warner

Tim Warner

Chief Executive Officer

/s/ Sean Gamble

Sean Gamble

Chief Financial Officer

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EXHIBIT INDEX

+*10.1	Second Amended and Restated Non-Employee Director Compensation Policy dated as of June 4, 2015.
*31.1	Certification of Tim Warner, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*31.2	Certification of Sean Gamble, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
*32.1	Certification of Tim Warner, Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002.
*32.2	Certification of Sean Gamble, Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002.
*101	Financial Statements from the quarterly report on Form 10-Q of Cinemark Holdings, Inc. for the quarter ended June 30, 2015, filed August 6, 2015, formatted in XBRL: (i) the Condensed Consolidated Balance Sheets, (ii) the Condensed Consolidated Statements of Income, (iii) the Condensed Consolidated Statements of Comprehensive Income (iv) the Condensed Consolidated Statements of Cash Flows and (v) the Notes to Condensed Consolidated Financial Statements tagged as detailed text.

* filed herewith.

+ Any management contract, compensatory plan or arrangement.

EX-10.1

EXHIBIT 10.1

CINEMARK HOLDINGS, INC.

SECOND AMENDED AND RESTATED NON-EMPLOYEE DIRECTOR

COMPENSATION POLICY

Effective as of June 4, 2015

Introduction: In order to advance the interests of Cinemark Holdings, Inc. (the “Company”) and its stockholders by aligning the interests of the Company and its stockholders with Non-Employee Directors and enhancing the ability of the Company and its Subsidiaries to attract and retain qualified Non-Employee Directors, the Company has adopted this Non-Employee Director Compensation Policy (this “Policy”), by which Non-Employee Directors are compensated for their service to the Company.

Eligibility: Only those members of the Company’s board of directors (the “Board”) who constitute Non-Employee Directors are eligible to receive compensation under this Policy. For purposes of this Policy, “Non-Employee Director” means any member of the Board of Directors of the Company (the “Board”) who (i) is not an employee of the Company or any of its Subsidiaries; and (ii) is not an employee of any the Company’s stockholders with contractual rights to nominate directors (a “Significant Stockholder”). Directors who are employees of the Company, any of its Subsidiaries, or any of its Significant Stockholders are not entitled to additional compensation on account of such director’s service on the Board. In addition, no additional compensation shall be paid to any member of the Board who serves as a director of any subsidiary of the Company.

Cash Compensation: Each Non-Employee Director shall be entitled to receive the following annual compensation (as applicable to such Non-Employee Director) in connection with the service of such Non-Employee Director as a member of the Board:

(a) A base director retainer of $60,000;

(b) An additional retainer of $25,000 if such Non-Employee Director serves as the Lead Director;

(c) An additional retainer of $20,000 if such Non-Employee Director serves as the chairman of the Audit Committee of the Board (the “Audit Committee”);

(d) An additional retainer of $10,000 if such Non-Employee Director serves as a member of the Audit Committee, other than the chairman of the Audit Committee;

(e) An additional retainer of $10,000 if such Non-Employee Director serves as the chairman of the Compensation Committee of the Board (the “Compensation Committee”);

(f) An additional retainer of $5,000 if such Non-Employee Director serves as a member of the Compensation Committee, other than the chairman of the Compensation Committee;

(g) An additional retainer of $10,000 if such Non-Employee Director serves as the chairman of the Nominating and Corporate Governance Committee of the Board (the “Governance Committee”);

(h) An additional retainer of $5,000 if such Non-Employee Director serves as a member of the Governance Committee;

(i) An additional retainer of $10,000 if such Non-Employee Director serves as the chairman of the Strategic Planning Committee of the Board;

(j) An additional retainer of $5,000 if such Non-Employee Director serves as a member of the Strategic Planning Committee;

(k) An additional retainer of $10,000 if such Non-Employee Director serves as the chairman of the New Ventures Committee of the Board; and

(l) An additional retainer of $5,000 if such Non-Employee Director serves as a member of the New Ventures Committee.

Cash Payment: Each Non-Employee Director shall be paid the amount of cash retainer applicable to such Non-Employee Director in four (4) equal quarterly payments to be made on the fifth (5^th) business day following the end of each fiscal quarter of the Company during which such Non-Employee Director has continuously served as a member of the Board (or applicable committee of the Board), or as soon thereafter as is administratively possible. Notwithstanding anything in this Policy to the contrary, in the event a Non-Employee Director assumes or vacates a position on the Board or one of its committees during a quarter, such Non-Employee Director shall be entitled to a prorated portion of the cash compensation for such position for that quarter based on the percentage of days in that quarter during which such Non-Employee Director served in the position for which the cash retainer is payable under this Policy.

Expense Reimbursement: All Non-Employee Directors shall be entitled to reimbursement from the Company for their reasonable travel (including airfare and ground transportation), lodging and meal expenses incident to attending meetings of the Board or committees thereof or in connection with other Board related business. The Company shall also reimburse directors for attendance at director continuing education programs that

- 2 -

are relevant to their service on the Board and which attendance is pre-approved by the chairman of the Nominating and Corporate Governance Committee or chairman of the Board. The Company shall make reimbursement to a Non-Employee Director within a reasonable amount of time following submission by the Non-Employee Director of reasonable written substantiation for the expenses.

Restricted Shares: Promptly following the initial election of a Non-Employee Director to the Board, or promptly following a Board member meeting the criteria of a Non-Employee Director, such Non-Employee Director shall receive a grant of Restricted Shares of the Company’s Common Stock valued at $110,000 (the “Initial Award”) and thereafter, promptly following the anniversary of the date of election to the Board a continuing Non-Employee Director shall receive a grant of Restricted Shares of the Company’s Common Stock valued at $110,000 (the “Annual Award”) on June 15 of every year. The valuation date of the Restricted Shares will be the date of grant of such Restricted Shares. The number of Restricted Shares to be issued will be determined by dividing $110,000 by the Fair Market Value of a share of Common Stock on the valuation date. The Initial Award shall vest on a date determined by the Board and each Annual Award shall vest on the first anniversary of the date of the grant, subject to the Non-Employee Director’s continued service to the Company through the vesting dates. All grants of Restricted Shares shall be made pursuant to the Company’s Amended and Restated 2006 Long Term Incentive Plan (the “Amended and Restated Plan”). Under the Amended and Restated Plan, grants of Restricted Shares are governed by individual Restricted Share Award Agreements between the Company and a Participant. The descriptions of these grants set forth above are qualified in their entirety by reference to the Amended and Restated Plan and the applicable Restricted Share Award Agreement issued thereunder.

Annual Review: This Policy shall be reviewed annually by the Compensation Committee and modified as necessary to ensure its terms remain consistent with the stated interests of the Company and its stockholders. The Compensation Committee shall have the power to construe this Policy to determine all questions arising thereunder, and to adopt and amend such rules and regulations for the administration of this Policy as it may deem desirable. The Compensation Committee shall determine the members of the Board who qualify as Non-Employee Directors and are eligible to receive compensation under the terms of this Policy. Any decisions of the Compensation Committee in the administration of this Policy shall be final and conclusive. The Compensation Committee may authorize one or more of its members or any officer of the Company to execute and deliver documents on its behalf. No member of the Compensation Committee shall be liable for

- 3 -

anything done or omitted to be done by such member or by any other member of the Board or the Compensation Committee in connection with this Policy, except for such member’s own willful misconduct or gross negligence (unless the Company’s Certificate of Incorporation or Bylaws, or any indemnification agreement between the Company and such person, in each case in accordance with applicable law, provides otherwise). The Compensation Committee shall have the power to engage outside consultants, auditors or other professional help to assist in the fulfillment of the duties of the Compensation Committee under this Policy at the Company’s expense.

Capitalized Terms: Capitalized terms used not defined in this Policy have the meanings ascribed to them in the Amended and Restated Plan.

- 4 -

IN WITNESS WHEREOF, upon authorization of the Compensation Committee of the Board, the undersigned has caused this Cinemark Holdings, Inc. Second Amended and Restated Non-Employee Director Compensation Policy, to be executed effective on the 4^th day of June, 2015.

CINEMARK HOLDINGS, INC.
By:	/s/ Michael D. Cavalier
Name:	Michael D. Cavalier
Title:	Executive VP-General Counsel and Secretary

EX-31.1

EXHIBIT 31.1

CERTIFICATION

PURSUANT TO SECTION 302 OF THE

SARBANES - OXLEY ACT OF 2002

I, Tim Warner, certify that:

1. I have reviewed this report on Form 10-Q of Cinemark Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15 (e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15 (f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 6, 2015
By:	/s/ Tim Warner
	Tim Warner
	Chief Executive Officer

EX-31.2

EXHIBIT 31.2

CERTIFICATION

PURSUANT TO SECTION 302 OF THE

SARBANES – OXLEY ACT OF 2002

I, Sean Gamble, certify that:

1. I have reviewed this report on Form 10-Q of Cinemark Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15 (e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15 (f) and 15d-15 (f)) for the registrant and have:

a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date:	August 6, 2015
By:	/s/ Sean Gamble
	Sean Gamble
	Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350, AS ADDED BY SECTION 906 OF THE

SARBANES - OXLEY ACT OF 2002

This certification is provided pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002 and accompanies the quarterly report on Form 10-Q (the “Form 10-Q”) for the quarter ended June 30, 2015 of Cinemark Holdings, Inc. (the “Issuer”).

I, Tim Warner, the Chief Executive Officer of Issuer certify that to the best of my knowledge:

(i) the Form 10-Q fully complies with the requirements of section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

(ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Issuer.

Dated: August 6, 2015

/s/ Tim Warner

Tim Warner

Chief Executive Officer

Subscribed and sworn to before me this 6th day of August 2015.

/s/ Christi Reschman

Name: Christi Reschman

Title: Notary Public

My commission expires: 9/26/2017

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATION

PURSUANT TO 18 U.S.C. SECTION 1350, AS ADDED BY SECTION 906 OF THE

SARBANES – OXLEY ACT OF 2002

This certification is provided pursuant to 18 U.S.C. Section 1350, as added by Section 906 of the Sarbanes-Oxley Act of 2002 and accompanies the quarterly report on Form 10-Q (the “Form 10-Q”) for the quarter ended June 30, 2015 of Cinemark Holdings, Inc. (the “Issuer”).

I, Sean Gamble, the Chief Financial Officer of Issuer certify that to the best of my knowledge:

(i) the Form 10-Q fully complies with the requirements of section 13(a) or section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

(ii) the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Issuer.

Dated: August 6, 2015

/s/ Sean Gamble

Sean Gamble

Chief Financial Officer

Subscribed and sworn to before me this 6th day of August 2015.

/s/ Christi Reschman

Name: Christi Reschman

Title: Notary Public

My commission expires: 9/26/2017

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

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Long Term Debt Activity - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	May. 08, 2015	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Incurred debt issue costs			$ 6,957
Carrying value of long-term debt		$ 1,819,479	1,819,479	$ 1,822,997
Fair value of long-term debt		1,809,866	1,809,866	$ 1,790,987
Amended Senior Secured Credit Facility
Debt Instrument [Line Items]
Remaining principal	$ 635,250
Incurred debt issue costs			6,875
Incurred legal and other fees		$ 925	$ 925
Amended Senior Secured Credit Facility | Quarterly Principal Payment
Debt Instrument [Line Items]
Quarterly principal payments due	$ 1,750
Maturity earliest date	Mar. 31, 2022
Amended Senior Secured Credit Facility | Term Loan Credit facility
Debt Instrument [Line Items]
Aggregate principal amount issued	$ 700,000
Maturity latest date	May 08, 2022

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Summary of Restricted Stock Award Activity (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock unit awards that vested during the period	326,168
Fair value of restricted shares that vested during the period	$ 14,308	$ 18,571
Income tax benefit recognized upon vesting of restricted stock unit awards	3,788	7,109
Compensation expense recognized during the period	$ 4,736	$ 4,986
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of restricted stock unit awards that vested during the period	123,769	392,238
Fair value of restricted shares that vested during the period	$ 5,483	$ 11,312
Accumulated dividends paid upon vesting of restricted stock unit awards	442	1,341
Income tax benefit recognized upon vesting of restricted stock unit awards	2,303	4,751
Compensation expense recognized during the period	$ 1,739	$ 1,603

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Other Investments - Additional Information (Detail) $ in Thousands	1 Months Ended	6 Months Ended		12 Months Ended
	Dec. 31, 2013 USD ($)	Jun. 30, 2015 USD ($) ProjectionSystem shares	Jun. 30, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2014 USD ($)
Schedule of Equity Method Investments [Line Items]
Number of shares owned in RealD | shares		1,222,780
Estimated fair value of company owned shares		$ 87,731			$ 77,658
RealD
Schedule of Equity Method Investments [Line Items]
Estimated fair value of company owned shares		15,077			$ 14,429
RealD | Utilities and other costs
Schedule of Equity Method Investments [Line Items]
Licensing fees		$ 7,881	$ 8,822
Digital Cinema Implementation Partners LLC
Schedule of Equity Method Investments [Line Items]
Percentage of voting interest		33.00%
Economic interest in Digital Cinema Implementation Partners		24.30%
Number of equipment being leased under master equipment lease agreement | ProjectionSystem		3,714
Equipment lease expense		$ 2,049	2,000
AC JV, LLC
Schedule of Equity Method Investments [Line Items]
Ownership of class A units sold to Founding Members	97.00%
Cash contributions	$ 268
Ownership of class A units	1.00%
Ownership of class A units				31.00%
Aggregate value of Class A units				$ 25,000
Promissory note term				6 years
Aggregate value of promissory note				$ 8,333
Interest bearing promissory notes	5.00%			5.00%
AC JV, LLC | Film rentals and advertising
Schedule of Equity Method Investments [Line Items]
Event fees		$ 5,970	0
Digital Cinema Distribution Coalition
Schedule of Equity Method Investments [Line Items]
Percentage of voting interest		14.60%
Payments for content delivery services		$ 390	$ 382

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Supplemental Information to Condensed Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands		1 Months Ended	6 Months Ended
		Jun. 30, 2015	Jun. 30, 2015		Jun. 30, 2014
Schedule of Cash Flow, Supplemental [Line Items]
Cash paid for interest			$ 53,667		$ 53,890
Cash paid for income taxes, net of refunds received			44,701		64,540
Noncash investing and financing activities:
Change in accounts payable and accrued expenses for the acquisition of theatre properties and equipment	[1]		(4,701)		(4,617)
Theatre properties acquired under capital lease			13,726		4,012
Investment in NCM - receipt of common units (see Note 6)		$ 15,421	15,421		8,216
Dividends accrued on unvested restricted stock unit awards			$ (200)	[2]	$ (274)	[3]

[1] Additions to theatre properties and equipment included in accounts payable as of June 30, 2015 and December 31, 2014 were $17,936 and $13,235, respectively.

[2] On May 18, 2015 the Company's board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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.

[3] On May 22, 2014 the Company's board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

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Summary of Potential Number of Shares Vesting under Restricted Stock Unit Awards (Detail) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total
Schedule of Restricted Stock Unit [Line Items]
at IRR of at least 7.5%	47,640
at IRR of at least 9.5%	95,282
at IRR of at least 11.5%	142,922
at IRR of at least 7.5%	$ 2,057
at IRR of at least 9.5%	4,115
at IRR of at least 11.5%	$ 6,173

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Other Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	$ 87,731	$ 77,658
Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	87,731	77,658
Digital Cinema Implementation Partners LLC | Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	59,622	51,277
RealD
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	15,077	14,429
RealD | Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	15,077	14,429
AC JV, LLC | Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	8,874	7,899
Digital Cinema Distribution Coalition | Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	2,562	2,438
Other Investment | Investments
Investments in and Advances to Affiliates [Line Items]
Investments in and advances to affiliates	$ 1,596	$ 1,615

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2015

Fair Value Measurement of Assets and Liabilities on Recurring Basis

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of June 30, 2015:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(2,002	)	$	—	$	—	$	(2,002	)
Investment in RealD (see Note 7)	$	15,077		$	15,077	$	—	$	—

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of December 31, 2014:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(4,255	)	$	—	$	—	$	(4,255	)
Interest rate swap liabilities – long term (see Note 9)	$	(317	)	$	—	$	—	$	(317	)
Investment in RealD (see Note 7)	$	14,429		$	14,429	$	—	$	—

Reconciliation of Beginning and Ending Balance for Liabilities Measured at Fair Value

Below is a reconciliation of the beginning and ending balance for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Liabilities
	2015			2014
Beginning balances - January 1	$	4,572		$	9,176
Total loss included in accumulated other comprehensive loss		377			1,068
Settlements		(2,947	)		(2,985	)
Ending balances – June 30	$	2,002		$	7,259

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Reconciliation of Net Income to Adjusted EBITDA (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Net income		$ 70,890	$ 72,134	$ 113,792	$ 107,830
Add (deduct):
Income taxes		42,774	24,081	69,154	44,943
Interest expense	[1]	28,304	28,286	56,511	56,766
Loss on amendment to debt agreement	[2]	925		925
Other income	[2]	(8,400)	(6,455)	(6,952)	(14,141)
Depreciation and amortization		46,569	43,881	91,901	86,377
Impairment of long-lived assets		3,528	430	4,322	784
Loss on sale of assets and other		5,802	3,276	4,352	6,129
Deferred lease expenses		(585)	249	(1,288)	1,848
Amortization of long-term prepaid rents		669	407	1,382	785
Share based awards compensation expense		2,977	3,066	6,475	6,589
Adjusted EBITDA	[3]	$ 193,453	$ 169,355	$ 340,574	$ 297,910

[1] Includes amortization of debt issue costs.

[2] Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

[3] Distributions from NCM are reported entirely within the U.S. operating segment.

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Summary of Interest Rate Swap Agreements Designated as Hedge Agreements (Detail) - Jun. 30, 2015 - USD ($) $ in Thousands		Total
Interest Rate Swaps [Line Items]
Nominal Amount		$ 450,000
Estimated Total Fair Value at June 30, 2015	[1]	2,002
Agreement One
Interest Rate Swaps [Line Items]
Nominal Amount		$ 175,000
Effective Date		Dec. 01, 2010
Pay Rate		1.3975%
Receive Rate		1-Month LIBOR
Expiration Date		Sep. 01, 2015
Estimated Total Fair Value at June 30, 2015	[1]	$ 439
Agreement Two
Interest Rate Swaps [Line Items]
Nominal Amount		$ 175,000
Effective Date		Dec. 01, 2010
Pay Rate		1.40%
Receive Rate		1-Month LIBOR
Expiration Date		Sep. 01, 2015
Estimated Total Fair Value at June 30, 2015	[1]	$ 446
Agreement Three
Interest Rate Swaps [Line Items]
Nominal Amount		$ 100,000
Effective Date		Nov. 01, 2011
Pay Rate		1.715%
Receive Rate		1-Month LIBOR
Expiration Date		Apr. 01, 2016
Estimated Total Fair Value at June 30, 2015	[1]	$ 1,117

[1] Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of June 30, 2015.

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Supplemental Information to Condensed Consolidated Statements of Cash Flows (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule of Cash Flow, Supplemental [Line Items]
Additions to theatre properties and equipment included in accounts payable	$ 17,936	$ 13,235

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2015

Earnings Per Share

The following table presents computations of basic and diluted earnings per share under the two-class method:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Numerator:
Net income attributable to Cinemark Holdings, Inc.	$	70,258		$	71,731		$	112,779		$	107,174
Earnings allocated to participating share-based awards (1)		(441	)		(542	)		(709	)		(704	)
Net income attributable to common stockholders	$	69,817		$	71,189		$	112,070		$	106,470
Denominator (shares in thousands):
Basic weighted average common stock outstanding		115,148			114,786			114,993			114,485
Common equivalent shares for restricted stock units		180			175			222			329
Diluted		115,328			114,961			115,215			114,814
Basic earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93
Diluted earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93

⁽¹⁾  For the three months ended June 30, 2015 and 2014, a weighted average of approximately 729 and 876 shares of unvested restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2015 and 2014, a weighted average of approximately 648 and 761 shares of unvested restricted stock, respectively, were considered participating securities.

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Summary of Treasury Stock Activity (Detail) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands		Total
Schedule of Treasury Stock [Line Items]
Beginning Balance, Shares		4,057,135
Restricted stock withholdings	[1]	107,825
Restricted stock forfeitures		11,837
Ending Balance, Shares		4,176,797
Beginning Balance, Cost		$ 61,807
Restricted stock withholdings	[1]	4,748
Restricted stock forfeitures		0
Ending Balance, Cost		$ 66,555

[1] The Company withheld restricted shares as a result of the election by certain employees to satisfy their tax liabilities upon vesting in restricted stock and restricted stock units. The Company determined the number of shares to be withheld based upon market values ranging from $41.21 to $44.67 per share.

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Summary of Activity with NCM Included in Company's Condensed Consolidated Financial Statements (Detail) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Receipt of common units due to annual common unit adjustment		$ 15,421			$ 15,421	$ 8,216
Equity in earnings			$ 4,086	$ 3,600	9,325	7,220
Equity in other comprehensive income			(3,322)	134	(2,938)	396
Other Comprehensive Income (Loss)
Schedule of Equity Method Investments [Line Items]
Ending Balance		2,734	2,734		2,734
Cash Received
Schedule of Equity Method Investments [Line Items]
Revenues earned under ESA	[1]				5,681
Receipt of excess cash distributions					11,651
Receipt under tax receivable agreement					4,112
Ending Balance		21,444	21,444		21,444
Other Revenue
Schedule of Equity Method Investments [Line Items]
Revenues earned under ESA	[1]				(5,681)
Ending Balance		(9,830)	(9,830)		(9,830)
Equity in Earnings
Schedule of Equity Method Investments [Line Items]
Ending Balance		(409)	(409)		(409)
Distributions from NCM
Schedule of Equity Method Investments [Line Items]
Receipt of excess cash distributions					(6,258)
Receipt under tax receivable agreement					(2,241)
Ending Balance		(8,499)	(8,499)		(8,499)
Investment In NCM
Schedule of Equity Method Investments [Line Items]
Beginning Balance					178,939
Receipt of excess cash distributions					(5,393)
Receipt under tax receivable agreement					(1,871)
Equity in earnings					409
Equity in other comprehensive income					(2,734)
Ending Balance		184,771	184,771		184,771
Investment In NCM | Annual Common Unit Adjustment
Schedule of Equity Method Investments [Line Items]
Receipt of common units due to annual common unit adjustment					15,421
Deferred Revenue
Schedule of Equity Method Investments [Line Items]
Beginning Balance					(335,219)
Ending Balance		(346,491)	(346,491)		(346,491)
Deferred Revenue | Annual Common Unit Adjustment
Schedule of Equity Method Investments [Line Items]
Receipt of common units due to annual common unit adjustment					(15,421)
NCM
Schedule of Equity Method Investments [Line Items]
Beginning Balance					178,939
Equity in earnings			(386)	$ (75)	409	$ 357
Ending Balance		184,771	184,771		184,771
Beginning Balance					335,219
Ending Balance		$ 346,491	$ 346,491		346,491
NCM | Other Comprehensive Income (Loss)
Schedule of Equity Method Investments [Line Items]
Equity in other comprehensive income					2,734
NCM | Other Revenue
Schedule of Equity Method Investments [Line Items]
Amortization of deferred revenue					(4,149)
NCM | Equity in Earnings
Schedule of Equity Method Investments [Line Items]
Equity in earnings					(409)
NCM | Deferred Revenue
Schedule of Equity Method Investments [Line Items]
Amortization of deferred revenue					$ 4,149

[1] Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company's beverage concessionaire of approximately $4,980.

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Related Party Transactions - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($) Leases Theatre Facility	Jun. 30, 2014 USD ($)
Syufy Enterprises, LP
Related Party Transaction [Line Items]
Number of theatres leased | Theatre	15
Number of parking facilities leased | Facility	1
Total number of leases	16
Number of leases with minimum annual rent	14
Number of leases without minimum annual rent	2
Total rent paid to Syufy | $	$ 11,036	$ 11,643
Laredo Theatre, Ltd
Related Party Transaction [Line Items]
Company's interest in Laredo	75.00%
Lone Star Theatre's interest in Laredo	25.00%
Ownership interest held by David Roberts	100.00%
Percentage of common stock held by Chairman of the Board of Directors	9.00%
Percentage of management fees based on theatre revenues	5.00%
Management fee revenues | $	$ 313	$ 279

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Computations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Disclosure [Line Items]
Net income attributable to Cinemark Holdings, Inc.		$ 70,258	$ 71,731	$ 112,779	$ 107,174
Earnings allocated to participating share-based awards	[1]	(441)	(542)	(709)	(704)
Net income attributable to common stockholders		$ 69,817	$ 71,189	$ 112,070	$ 106,470
Basic weighted average common stock outstanding		115,148	114,786	114,993	114,485
Common equivalent shares for restricted stock units		180	175	222	329
Diluted		115,328	114,961	115,215	114,814
Basic earnings per share attributable to common stockholders		$ 0.61	$ 0.62	$ 0.97	$ 0.93
Diluted earnings per share attributable to common stockholders		$ 0.61	$ 0.62	$ 0.97	$ 0.93

[1] For the three months ended June 30, 2015 and 2014, a weighted average of approximately 729 and 876 shares of unvested restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2015 and 2014, a weighted average of approximately 648 and 761 shares of unvested restricted stock, respectively, were considered participating securities.

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Treasury Stock and Share Based Awards - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Stockholders Equity Note [Line Items]
Actual cumulative forfeitures (in units)	19,934
Restricted Stock
Stockholders Equity Note [Line Items]
Shares of Restricted Stock, Granted	223,976
Market value of common stock on the date of grant	$ 42.80
Minimum forfeiture rate for restricted stock awards	0.00%
Maximum forfeiture rate for restricted stock awards	10.00%
Unrecognized compensation expense	$ 16,667
Remaining Compensation Expense recognition period (in years)	2 years
Restricted Stock | Director
Stockholders Equity Note [Line Items]
Award vesting period for restricted stock granted	1 year
Restricted Stock | Minimum
Stockholders Equity Note [Line Items]
Market value of common stock on the date of grant	$ 40.75
Restricted Stock | Minimum | Employees
Stockholders Equity Note [Line Items]
Award vesting period for restricted stock granted	1 year
Restricted Stock | Maximum
Stockholders Equity Note [Line Items]
Market value of common stock on the date of grant	$ 43.28
Restricted Stock | Maximum | Employees
Stockholders Equity Note [Line Items]
Award vesting period for restricted stock granted	4 years
Restricted Stock Units (RSUs)
Stockholders Equity Note [Line Items]
Unrecognized compensation expense	$ 7,008
Remaining Compensation Expense recognition period (in years)	2 years
Number of hypothetical shares of common stock	142,922
Percentage of IRR, which is the threshold	7.50%
Percentage of IRR, which is the target	9.50%
Percentage of IRR, which is the maximum	11.50%
Number of hypothetical shares of common stock at assumed IRR level	544,081
Restricted Stock Units (RSUs) | 2012 Grants
Stockholders Equity Note [Line Items]
Assumed IRR for grant	11.10%
Restricted Stock Units (RSUs) | Minimum
Stockholders Equity Note [Line Items]
Market value of common stock on the date of grant	$ 40.75
Expected forfeiture rate	0.00%
Restricted Stock Units (RSUs) | Maximum
Stockholders Equity Note [Line Items]
Market value of common stock on the date of grant	$ 43.28
Expected forfeiture rate	5.00%

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Reconciliation of Beginning and Ending Balance for Liabilities Measured at Fair Value on Recurring Basis Unobservable Inputs (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balances - Liabilities	$ 4,572	$ 9,176
Total loss included in accumulated other comprehensive loss	377	1,068
Settlements	(2,947)	(2,985)
Ending balances - Liabilities	$ 2,002	$ 7,259

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Goodwill and Other Intangible Assets - Additional Information (Detail) - 6 months ended Jun. 30, 2015	Country Community
U.S. Operating Segment
Goodwill [Line Items]
Number of regions in U.S. considered reporting unit	18
International Operating Segment
Goodwill [Line Items]
Number of countries, excluding the U.S., considered reporting units | Country	9

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Summary of Activity for Each of Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			$ 77,658
Equity in income	$ (4,086)	$ (3,600)	(9,325)	$ (7,220)
Equity in comprehensive loss	3,322	$ (134)	2,938	$ (396)
Investments, ending balance	87,731		87,731
Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			77,658
Cash contributions, net of cash distributions received			732
Equity in income			8,916
Equity in comprehensive loss			(204)
Unrealized holding gain			648
Other			(19)
Investments, ending balance	87,731		87,731
Digital Cinema Implementation Partners LLC | Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			51,277
Cash contributions, net of cash distributions received			732
Equity in income			7,817
Equity in comprehensive loss			(204)
Investments, ending balance	59,622		59,622
RealD
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			14,429
Investments, ending balance	15,077		15,077
RealD | Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			14,429
Unrealized holding gain			648
Investments, ending balance	15,077		15,077
AC JV, LLC | Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			7,899
Equity in income			975
Investments, ending balance	8,874		8,874
Digital Cinema Distribution Coalition | Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			2,438
Equity in income			124
Investments, ending balance	2,562		2,562
Other Investment | Investments
Schedule of Equity Method Investments [Line Items]
Investments, beginning balance			1,615
Other			(19)
Investments, ending balance	$ 1,596		$ 1,596

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New Accounting Pronouncements

6 Months Ended

Jun. 30, 2015

New Accounting Pronouncements

2. New Accounting Pronouncements

In January 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2015-01, Income Statement – Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items, (“ASU 2015-01”). ASU 2015-01 eliminates the concept of an extraordinary item from GAAP. With this update, there is no longer a need to segregate extraordinary items from the results of ordinary operations, separately present an extraordinary item on its income statement, net of tax, after income from continuing operations or disclose income taxes and earnings-per-share data applicable to an extraordinary item. However, presentation and disclosure requirements for items that are unusual in nature and occur infrequently still apply. ASU 2015-01 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company has elected to early adopt ASU 2015-01. There is no impact of adoption on the condensed consolidated financial statements.

In February 2015, the FASB issued Accounting Standards Update 2015-02, Consolidation (Topic 810): Amendments to the Consolidation Analysis, (“ASU 2015-02”). ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. Specifically, ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are variable interest entities (VIEs) or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with certain VIEs. ASU 2015-02 also provides a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the impact of ASU 2015-02 on its condensed consolidated financial statements.

In April 2015, the FASB issued Accounting Standards Update 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, (“ASU 2015-03”). ASU 2015-03 requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in ASU 2015-03. ASU 2015-03 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company plans to adopt this ASU effective January 1, 2016 and will revise its presentation of debt issue costs at that time.

In April 2015, the FASB issued Accounting Standards Update 2015-05, Intangibles – Goodwill and Other – Internal Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in Cloud Computing Arrangement, (“ASU 2015-05”). ASU 2015-05 provides guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The guidance will not change GAAP for a customer’s accounting for service contracts. In addition, the guidance in this Update supersedes paragraph 350-40-25-16. Consequently, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. ASU 2015-05 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company has elected to early adopt ASU 2015-05. There is no impact of adoption on the condensed consolidated financial statements.

In July 2015, the FASB issued Accounting Standards Update 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory, (“ASU 2015-11”). ASU 2015-11 affects reporting entities that measure inventory using first-in, first-out (FIFO) or average cost. Specifically, ASU 2015-11 requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. ASU 2015-11 is effective for fiscal years beginning after December 15, 2016. Early adoption is permitted. The Company does not expect ASU 2015-11 to have an impact on its condensed consolidated financial statements.

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Intangible Assets (Detail) - Jun. 30, 2015 - USD ($) $ in Thousands		Total
Intangible Assets [Line Items]
Intangible assets with finite lives, Beginning balance		$ 99,922
Other, Gross carrying amount	[1]	1,054
Intangible assets with finite lives, Ending balance		100,976
Intangible assets with finite lives, Accumulated amortization, Beginning balance		(52,232)
Accumulated amortization		(2,909)
Other Accumulated Amortization of Intangible Assets	[1]	(1,785)
Intangible assets with finite lives, Accumulated amortization, Ending balance		(56,926)
Net intangible assets with finite lives, Beginning balance		47,690
Amortization, intangible assets		(2,909)
Other, Finite lived intangible assets	[1]	(731)
Net intangible assets with finite lives, Ending balance		44,050
Total intangible assets - net, Beginning balance		348,024
Accumulated amortization		(2,909)
Other, Total intangible assets - net	[1]	(1,161)
Total intangible assets - net, Ending balance		343,954
Trade Names
Intangible Assets [Line Items]
Indefinite-lived Intangible Assets, Tradename, Beginning Balance		300,334
Other, Tradename	[1]	(430)
Indefinite-lived Intangible Assets, Tradename, Ending Balance		$ 299,904

[1] Includes write-off of intangible assets for closed theatres, impairment of a favorable lease and foreign currency translation adjustments.

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Summary of Activity with NCM Included in Company's Condensed Consolidated Financial Statements (Parenthetical) (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2015 USD ($)
Schedule of Equity Method Investments [Line Items]
Company's beverage concessionaire	$ 4,980

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Treasury Stock and Share Based Awards (Tables)

6 Months Ended

Jun. 30, 2015

Treasury Stock

Below is a summary of the Company’s treasury stock activity for the six months ended June 30, 2015:

	Number of Treasury Shares		Cost
Balance at January 1, 2015		4,057,135	$	61,807
Restricted stock withholdings (1)		107,825		4,748
Restricted stock forfeitures		11,837		—
Balance at June 30, 2015		4,176,797	$	66,555

⁽¹⁾  The Company withheld restricted shares as a result of the election by certain employees to satisfy their tax liabilities upon vesting in restricted stock and restricted stock units. The Company determined the number of shares to be withheld based upon market values ranging from $41.21 to $44.67 per share.

Restricted Stock

Below is a summary of restricted stock activity for the six months ended June 30, 2015:

	Shares of Restricted Stock			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2015		878,897		$	24.92
Granted		223,976		$	42.80
Vested		(326,168	)	$	23.62
Forfeited		(11,937	)	$	25.98
Outstanding at June 30, 2015		764,768		$	30.71
Unvested restricted stock at June 30, 2015		764,768		$	30.71

Summary of Restricted Stock Award Activity

	Six Months Ended June 30,
	2015		2014
Compensation expense recognized during the period	$	4,736	$	4,986
Fair value of restricted shares that vested during the period	$	14,308	$	18,571
Income tax deduction upon vesting of restricted stock awards	$	3,788	$	7,109

Number of Shares Vested Under Restricted Stock Unit Awards

Below is a table summarizing the potential number of shares that could vest under restricted stock unit awards granted during the six months ended June 30, 2015 at each of the three target levels of financial performance (excluding forfeiture assumptions):

	Number of Shares Vesting		Value at Grant
at IRR of at least 7.5%		47,640	$	2,057
at IRR of at least 9.5%		95,282	$	4,115
at IRR of at least 11.5%		142,922	$	6,173

Summary of Activity for Restricted Stock Unit Awards

	Six Months Ended June 30,
	2015		2014
Number of restricted stock unit awards that vested during the period		123,769		392,238
Fair value of restricted stock unit awards that vested during the period	$	5,483	$	11,312
Accumulated dividends paid upon vesting of restricted stock unit awards	$	442	$	1,341
Income tax benefit recognized upon vesting of restricted stock unit awards	$	2,303	$	4,751
Compensation expense recognized during the period	$	1,739	$	1,603

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Other Investments (Tables)

6 Months Ended

Jun. 30, 2015

Other Investments

The Company had the following other investments at June 30, 2015:

Digital Cinema Implementation Partners (“DCIP”), equity method investment	$	59,622
RealD, Inc. (“RealD”), investment in marketable security		15,077
AC JV, LLC, equity method investment		8,874
Digital Cinema Distribution Coalition (“DCDC”), equity method investment		2,562
Other		1,596
Total	$	87,731

Summary of Activity of Investments

Below is a summary of activity for each of the investments for the three months ended June 30, 2015:

	DCIP			RealD		AC JV, LLC		DCDC		Other			Total
Balance at January 1, 2015	$	51,277		$	14,429	$	7,899	$	2,438	$	1,615		$	77,658
Cash contributions, net of cash distributions received		732			—		—		—		—			732
Equity in income		7,817			—		975		124		—			8,916
Equity in comprehensive loss		(204	)		—		—		—		—			(204	)
Unrealized holding gain		—			648		—		—		—			648
Other		—			—		—		—		(19	)		(19	)
Balance at June 30, 2015	$	59,622		$	15,077	$	8,874	$	2,562	$	1,596		$	87,731

NCM

Summary Financial Information

Below is summary financial information for NCM for the three and six months ended June 26, 2014 and the three months ended April 2, 2015 (the financial information for the period ended June 25, 2015 is not yet available):

	Three Months Ended April 2, 2015			Three Months Ended June 26, 2014		Six Months Ended June 26, 2014
Gross revenues	$	76,867		$	99,958	$	170,173
Operating income	$	14,618		$	42,131	$	54,898
Net earnings (loss)	$	(38,729	)	$	26,467	$	23,703

Digital Cinema Implementation Partners LLC

Summary Financial Information

Below is summary financial information for DCIP for the three and six months ended June 30, 2015 and 2014.

	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Revenues	$	39,852	$	43,396	$	80,593	$	86,084
Operating income	$	22,996	$	26,700	$	46,760	$	51,004
Net income	$	16,521	$	19,065	$	33,965	$	24,593

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Interest Rate Swap Agreements - Additional Information (Detail)	Jun. 30, 2015 Agreement
Derivative [Line Items]
Number of interest rate swap agreements	3

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Investment in National CineMedia - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Equity in earnings (loss)		$ 4,086	$ 3,600	$ 9,325	$ 7,220
Number of additional common units of NCM received under common unit adjustment agreement	1,074,910
Investment in NCM - receipt of common units	$ 15,421			$ 15,421	8,216
Remaining term of exhibitor services agreement	21 years
Number of common units of NCM owned by Company	25,631,046	25,631,046		25,631,046
Interest on common units of NCM owned by Company	20.00%	20.00%		20.00%
NCM
Schedule of Equity Method Investments [Line Items]
Contract termination payment				$ 26,800
Equity in earnings (loss)		$ (386)	$ (75)	$ 409	$ 357

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Interest Rate Swap Agreements (Tables)

6 Months Ended

Jun. 30, 2015

Interest Rate Swap Agreements Designated as Hedge Agreements

Below is a summary of the Company’s current interest rate swap agreements designated as cash flow hedges as of June 30, 2015:

Nominal Amount		Effective Date	Pay Rate			Receive Rate	Expiration Date	Estimated Total Fair Value at June 30, 2015(1)
$	175,000	December 2010		1.3975	%	1-Month LIBOR	September 2015	$	439
$	175,000	December 2010		1.4000	%	1-Month LIBOR	September 2015		446
$	100,000	November 2011		1.7150	%	1-Month LIBOR	April 2016		1,117
$	450,000							$	2,002

⁽¹⁾  Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of June 30, 2015.

Interest Rate Swap

Changes in Accumulated Other Comprehensive Loss, Net of Taxes

The changes in accumulated other comprehensive loss, net of taxes, related to the Company’s interest rate swap agreements for the three and six months ended June 30, 2015 and 2014 were as follows:

	Interest Rate Swaps
	2015			2014
Beginning balances – April 1	$	(2,113	)	$	(5,219	)
Other comprehensive loss before reclassifications, net of taxes		(646	)		(848	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		1,501			1,509
Net other comprehensive income		855			661
Ending balances- June 30	$	(1,258	)	$	(4,558	)
	Interest Rate Swaps
	2015			2014
Beginning balances – January 1	$	(2,870	)	$	(5,716	)
Other comprehensive loss before reclassifications, net of taxes		(1,335	)		(1,827	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		2,947			2,985
Net other comprehensive income		1,612			1,158
Ending balances – June 30	$	(1,258	)	$	(4,558	)

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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Goodwill

The Company’s goodwill was as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at January 1, 2015 (1)	$	1,156,556	$	120,827		$	1,277,383
Acquisition of Brazil theatre		—		356			356
Foreign currency translation adjustments		—		(11,584	)		(11,584	)
Balance at June 30, 2015 (1)	$	1,156,556	$	109,599		$	1,266,155

⁽¹⁾  Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

Intangible Assets

Intangible assets consisted of the following:

	Balance at January 1, 2015			Amortization			Other (1)			Balance at June 30, 2015
Intangible assets with finite lives:
Gross carrying amount	$	99,922		$	—		$	1,054		$	100,976
Accumulated amortization		(52,232	)		(2,909	)		(1,785	)		(56,926	)
Total net intangible assets with finite lives	$	47,690			(2,909	)		(731	)	$	44,050
Intangible assets with indefinite lives:
Tradename		300,334			—			(430	)		299,904
Total intangible assets — net	$	348,024		$	(2,909	)	$	(1,161	)	$	343,954

⁽¹⁾  Includes write-off of intangible assets for closed theatres, impairment of a favorable lease and foreign currency translation adjustments.

Estimated Aggregate Future Amortization Expense for Intangible Assets

Estimated aggregate future amortization expense for intangible assets is as follows:

For the six months ended December 31, 2015	$	2,810
For the twelve months ended December 31, 2016		5,585
For the twelve months ended December 31, 2017		5,052
For the twelve months ended December 31, 2018		4,925
For the twelve months ended December 31, 2019		4,016
Thereafter		21,662
Total	$	44,050

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The Company and Basis of Presentation

6 Months Ended

Jun. 30, 2015

The Company and Basis of Presentation

1. The Company and Basis of Presentation

Cinemark Holdings, Inc. and subsidiaries (the “Company”) operates in the motion picture exhibition industry, with theatres in the United States (“U.S.”), Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao.

The accompanying condensed consolidated balance sheet as of December 31, 2014, which was derived from audited financial statements, and the unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete consolidated financial statements. In the opinion of management, all adjustments, consisting of normal recurring adjustments, considered necessary for a fair presentation have been included. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from these estimates. Majority-owned subsidiaries that the Company has control of are consolidated while those affiliates of which the Company owns between 20% and 50% and does not control are accounted for under the equity method. Those affiliates of which the Company owns less than 20% are generally accounted for under the cost method, unless the Company is deemed to have the ability to exercise significant influence over the affiliate, in which case the Company would account for its investment under the equity method. The results of these subsidiaries and affiliates are included in the condensed consolidated financial statements effective with their formation or from their dates of acquisition. Intercompany balances and transactions are eliminated in consolidation.

These condensed consolidated financial statements should be read in conjunction with the audited annual consolidated financial statements and the notes thereto for the year ended December 31, 2014, included in the Annual Report on Form 10-K filed February 27, 2015 by the Company under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Operating results for the six months ended June 30, 2015 are not necessarily indicative of the results to be achieved for the full year.

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Impairment of Long-Lived Assets (Tables)

6 Months Ended

Jun. 30, 2015

Long-Lived Asset Impairment Charges

The long-lived asset impairment charges recorded during each of the periods presented are specific to theatres that were directly and individually impacted by increased competition, adverse changes in market demographics or adverse changes in the development or the conditions of the areas surrounding the theatre.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
U.S. theatre properties	$	2,536	$	430	$	3,330	$	784
U.S. intangible assets		992		—		992		—
International theatre properties		—		—		—		—
Impairment of long-lived assets	$	3,528	$	430	$	4,322	$	784

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Summary of Changes in Stockholders Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015		Jun. 30, 2014
Shareholders Equity [Line Items]
Beginning Balance			$ 1,112,800
Share based awards compensation expense			6,475		$ 6,589
Stock withholdings related to share based awards that vested			(4,748)		(9,776)
Tax benefit related to share based awards vesting			2,244		3,561
Dividends paid to stockholders			(57,900)	[1]	(57,772)	[2]
Dividends accrued on unvested restricted stock unit awards			(200)	[1]	(274)	[2]
Dividends paid to noncontrolling interests			(294)		(221)
Net income	$ 70,890	$ 72,134	113,792		107,830
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes			1,612		1,158
Fair value adjustments on available-for-sale securities, net of taxes	(354)	1,221	412		3,244
Other comprehensive income (loss) in equity method investees	(3,322)	134	(2,938)		396
Foreign currency translation adjustments	628	8,346	(46,047)		(843)
Ending Balance	1,124,489		1,124,489
Beginning Balance			10,329
Net income	(632)	(403)	(1,013)		(656)
Ending Balance	11,048		11,048
Total Equity, Beginning Balance			1,123,129		1,102,417
Total Equity, Ending Balance	1,135,537	1,156,421	1,135,537		1,156,421
Exercise of stock options					112
Cinemark Holdings, Inc. Stockholders' Equity
Shareholders Equity [Line Items]
Beginning Balance			1,112,800		1,093,422
Share based awards compensation expense			6,475		6,589
Stock withholdings related to share based awards that vested			(4,748)		(9,776)
Tax benefit related to share based awards vesting			2,244		3,561
Dividends paid to stockholders			(57,900)	[1]	(57,772)	[2]
Dividends accrued on unvested restricted stock unit awards			(200)	[1]	(274)	[2]
Net income			112,779		107,174
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes			1,612		1,158
Fair value adjustments on available-for-sale securities, net of taxes			412		3,244
Other comprehensive income (loss) in equity method investees			(2,938)		396
Foreign currency translation adjustments			(46,047)		(851)
Ending Balance	1,124,489	1,146,983	1,124,489		1,146,983
Exercise of stock options					112
Noncontrolling Interests
Shareholders Equity [Line Items]
Dividends paid to noncontrolling interests					(221)
Foreign currency translation adjustments					8
Beginning Balance			10,329		8,995
Net income			1,013		656
Ending Balance	$ 11,048	$ 9,438	$ 11,048		$ 9,438

[1] On May 18, 2015 the Company's board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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 May 22, 2014 the Company's board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

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Summary of Restricted Stock Activity (Detail) - Jun. 30, 2015 - Restricted Stock - $ / shares	Total
Shares of Restricted Stock
Shares of Restricted Stock, Beginning balance	878,897
Shares of Restricted Stock, Granted	223,976
Shares of Restricted Stock, Vested	(326,168)
Shares of Restricted Stock, Forfeited	(11,937)
Shares of Restricted Stock, Ending balance	764,768
Shares of Restricted Stock, Unvested restricted stock	764,768
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value Outstanding, Beginning	$ 24.92
Weighted Average Grant Date Fair Value, Granted	42.80
Weighted Average Grant Date Fair Value, Vested	23.62
Weighted Average Grant Date Fair Value, Forfeited	25.98
Weighted Average Grant Date Fair Value Outstanding, Ending	30.71
Weighted Average Grant Date Fair Value, Unvested restricted stock	$ 30.71

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Selected Financial Information by Reportable Operating Segment (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Revenues		$ 799,932	$ 717,863	$ 1,445,330	$ 1,320,143
Adjusted EBITDA	[1]	193,453	169,355	340,574	297,910
Capital expenditures		69,965	49,757	155,712	102,563
Operating Segments | U.S. Operating Segment
Segment Reporting Information [Line Items]
Revenues		592,482	524,485	1,066,777	969,405
Adjusted EBITDA	[1]	143,604	120,871	250,711	214,411
Capital expenditures		43,947	30,483	118,214	60,795
Operating Segments | International Operating Segment
Segment Reporting Information [Line Items]
Revenues		211,505	196,881	385,838	357,073
Adjusted EBITDA	[1]	49,849	48,484	89,863	83,499
Capital expenditures		26,018	19,274	37,498	41,768
Eliminations
Segment Reporting Information [Line Items]
Revenues		$ (4,055)	$ (3,503)	$ (7,285)	$ (6,335)

[1] Distributions from NCM are reported entirely within the U.S. operating segment.

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents		$ 576,289	$ 638,869
Inventories		13,969	13,419
Accounts receivable		96,921	47,917
Current income tax receivable		1,805	19,350
Current deferred tax asset		9,981	10,518
Prepaid expenses and other		15,316	10,937
Total current assets		714,281	741,010
Theatre properties and equipment		2,630,597	2,549,092
Less accumulated depreciation and amortization		1,146,208	1,098,280
Theatre properties and equipment, net		1,484,389	1,450,812
Other assets
Goodwill	[1]	1,266,155	1,277,383
Intangible assets - net		343,954	348,024
Investments in and advances to affiliates		87,731	77,658
Long-term deferred tax asset		164	164
Deferred charges and other assets - net		82,625	77,990
Total other assets		1,965,400	1,960,158
Total assets		4,164,070	4,151,980
Current liabilities
Current portion of long-term debt		8,423	8,423
Current portion of capital lease obligations		17,917	16,494
Current income tax payable		15,896	6,396
Current liability for uncertain tax positions		8,431	7,283
Accounts payable and accrued expenses		368,476	375,811
Total current liabilities		419,143	414,407
Long-term liabilities
Long-term debt, less current portion		1,811,056	1,814,574
Capital lease obligations, less current portion		201,493	201,978
Long-term deferred tax liability		132,104	140,973
Long-term liability for uncertain tax positions		8,523	8,410
Deferred lease expenses		44,038	46,003
Other long-term liabilities		65,685	67,287
Total long-term liabilities		$ 2,609,390	$ 2,614,444
Commitments and contingencies (see Note 17)
Cinemark Holdings, Inc.'s stockholders' equity:
Common stock, $0.001 par value: 300,000,000 shares authorized, 120,105,227 shares issued and 115,928,430 shares outstanding at June 30, 2015 and 119,757,582 shares issued and 115,700,447 shares outstanding at December 31, 2014		$ 120	$ 120
Additional paid-in-capital		1,103,758	1,095,040
Treasury stock, 4,176,797 and 4,057,135 shares, at cost, at June 30, 2015 and December 31, 2014, respectively		(66,555)	(61,807)
Retained earnings		278,898	224,219
Accumulated other comprehensive loss		(191,732)	(144,772)
Total Cinemark Holdings, Inc.'s stockholders' equity		1,124,489	1,112,800
Noncontrolling interests		11,048	10,329
Total equity		1,135,537	1,123,129
Total liabilities and equity		4,164,070	4,151,980
NCM
Other assets
Investment in NCM		184,771	178,939
Long-term liabilities
Deferred revenue - NCM		$ 346,491	$ 335,219

[1] Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

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Summary Financial Information for National Cinemedia (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015	Apr. 02, 2015	Jun. 30, 2014	Jun. 26, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 26, 2014
Schedule of Equity Method Investments [Line Items]
Revenues	$ 799,932		$ 717,863		$ 1,445,330	$ 1,320,143
Operating income	134,493		116,866		224,931	184,721
Net earnings (loss)	$ 70,890		$ 72,134		$ 113,792	$ 107,830
NCM
Schedule of Equity Method Investments [Line Items]
Revenues		$ 76,867		$ 99,958			$ 170,173
Operating income		14,618		42,131			54,898
Net earnings (loss)		$ (38,729)		$ 26,467			$ 23,703

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Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Unrealized gain due to fair value adjustments on interest rate swap agreements, tax	$ 504	$ 391	$ 958	$ 759
Unrealized gain due to fair value adjustments on available-for-sale securities, tax	$ (209)	$ 724	$ 236	$ 1,916

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Summary of Goodwill (Detail) $ in Thousands		6 Months Ended
		Jun. 30, 2015 USD ($)
Goodwill [Line Items]
Beginning Balance	[1]	$ 1,277,383
Acquisition of Brazil theatre		356
Foreign currency translation adjustments		(11,584)
Ending Balance	[1]	1,266,155
U.S. Operating Segment
Goodwill [Line Items]
Beginning Balance	[1]	1,156,556
Ending Balance	[1]	1,156,556
International Operating Segment
Goodwill [Line Items]
Beginning Balance	[1]	120,827
Acquisition of Brazil theatre		356
Foreign currency translation adjustments		(11,584)
Ending Balance	[1]	$ 109,599

[1] Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

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Supplemental Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2015

Supplemental Information to Condensed Consolidated Statements of Cash Flows

The following is provided as supplemental information to the condensed consolidated statements of cash flows:

	Six Months Ended June 30,
	2015			2014
Cash paid for interest	$	53,667		$	53,890
Cash paid for income taxes, net of refunds received	$	44,701		$	64,540
Noncash investing and financing activities:
Change in accounts payable and accrued expenses for the acquisition of theatre properties and equipment (1)	$	(4,701	)	$	(4,617	)
Theatre properties acquired under capital lease	$	13,726		$	4,012
Investment in NCM – receipt of common units (see Note 6)	$	15,421		$	8,216
Dividends accrued on unvested restricted stock unit awards	$	(200	)	$	(274	)

⁽¹⁾  Additions to theatre properties and equipment included in accounts payable as of June 30, 2015 and December 31, 2014 were $17,936 and $13,235, respectively.

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Long-Lived Asset Impairment Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of long-lived assets	$ 3,528	$ 430	$ 4,322	$ 784
U.S. Operating Segment
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of long-lived assets	2,536	$ 430	3,330	$ 784
US Intangible Assets
Impaired Long-Lived Assets Held and Used [Line Items]
Impairment of long-lived assets	$ 992		$ 992

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Segments

6 Months Ended

Jun. 30, 2015

Segments

15. Segments

The Company manages its international market and its U.S. market as separate reportable operating segments, with the international segment consisting of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, Bolivia and Curacao. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues, primarily screen advertising. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments.

Below is a breakdown of selected financial information by reportable operating segment:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
International		211,505			196,881			385,838			357,073
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total revenues	$	799,932		$	717,863		$	1,445,330		$	1,320,143
Adjusted EBITDA(1)
U.S.	$	143,604		$	120,871		$	250,711		$	214,411
International		49,849			48,484			89,863			83,499
Total Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910
Capital expenditures
U.S.	$	43,947		$	30,483		$	118,214		$	60,795
International		26,018			19,274			37,498			41,768
Total capital expenditures	$	69,965		$	49,757		$	155,712		$	102,563

⁽¹⁾  Distributions from NCM are reported entirely within the U.S. operating segment.

The following table sets forth a reconciliation of net income to Adjusted EBITDA:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net income	$	70,890		$	72,134		$	113,792		$	107,830
Add (deduct):
Income taxes		42,774			24,081			69,154			44,943
Interest expense (1)		28,304			28,286			56,511			56,766
Loss on amendment to debt agreement		925			—			925			—
Other income (2)		(8,400	)		(6,455	)		(6,952	)		(14,141	)
Depreciation and amortization		46,569			43,881			91,901			86,377
Impairment of long-lived assets		3,528			430			4,322			784
Loss on sale of assets and other		5,802			3,276			4,352			6,129
Deferred lease expenses		(585	)		249			(1,288	)		1,848
Amortization of long-term prepaid rents		669			407			1,382			785
Share based awards compensation expense		2,977			3,066			6,475			6,589
Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910

⁽¹⁾  Includes amortization of debt issue costs.

⁽²⁾  Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

Financial Information About Geographic Areas

Below is a breakdown of selected financial information by geographic area:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
Brazil		84,320			97,501			162,613			172,900
Other international countries		127,185			99,380			223,225			184,173
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total	$	799,932		$	717,863		$	1,445,330		$	1,320,143

	June 30, 2015		December 31, 2014
Theatre Properties and Equipment-net
U.S.	$	1,142,382	$	1,094,076
Brazil		188,667		204,107
Other international countries		153,340		152,629
Total	$	1,484,389	$	1,450,812

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Segments (Tables)

6 Months Ended

Jun. 30, 2015

Selected Financial Information by Reportable Operating Segment

Below is a breakdown of selected financial information by reportable operating segment:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
International		211,505			196,881			385,838			357,073
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total revenues	$	799,932		$	717,863		$	1,445,330		$	1,320,143
Adjusted EBITDA(1)
U.S.	$	143,604		$	120,871		$	250,711		$	214,411
International		49,849			48,484			89,863			83,499
Total Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910
Capital expenditures
U.S.	$	43,947		$	30,483		$	118,214		$	60,795
International		26,018			19,274			37,498			41,768
Total capital expenditures	$	69,965		$	49,757		$	155,712		$	102,563

⁽¹⁾  Distributions from NCM are reported entirely within the U.S. operating segment.

Reconciliation of Net Income to Adjusted EBITDA

The following table sets forth a reconciliation of net income to Adjusted EBITDA:

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net income	$	70,890		$	72,134		$	113,792		$	107,830
Add (deduct):
Income taxes		42,774			24,081			69,154			44,943
Interest expense (1)		28,304			28,286			56,511			56,766
Loss on amendment to debt agreement		925			—			925			—
Other income (2)		(8,400	)		(6,455	)		(6,952	)		(14,141	)
Depreciation and amortization		46,569			43,881			91,901			86,377
Impairment of long-lived assets		3,528			430			4,322			784
Loss on sale of assets and other		5,802			3,276			4,352			6,129
Deferred lease expenses		(585	)		249			(1,288	)		1,848
Amortization of long-term prepaid rents		669			407			1,382			785
Share based awards compensation expense		2,977			3,066			6,475			6,589
Adjusted EBITDA	$	193,453		$	169,355		$	340,574		$	297,910

⁽¹⁾  Includes amortization of debt issue costs.

⁽²⁾  Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

Selected Financial Information by Geographic Area

Below is a breakdown of selected financial information by geographic area:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Revenues
U.S.	$	592,482		$	524,485		$	1,066,777		$	969,405
Brazil		84,320			97,501			162,613			172,900
Other international countries		127,185			99,380			223,225			184,173
Eliminations		(4,055	)		(3,503	)		(7,285	)		(6,335	)
Total	$	799,932		$	717,863		$	1,445,330		$	1,320,143

	June 30, 2015		December 31, 2014
Theatre Properties and Equipment-net
U.S.	$	1,142,382	$	1,094,076
Brazil		188,667		204,107
Other international countries		153,340		152,629
Total	$	1,484,389	$	1,450,812

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies

17. Commitments and Contingencies

Joseph Amey, et al. v. Cinemark USA, Inc., Case No. 3:13cv05669, In the United States District Court for the Northern District of California, San Francisco Division. The case presents putative class action claims for damages and attorney’s fees arising from employee wage and hour claims under California law for alleged meal period, rest break, reporting time pay, unpaid wages, pay upon termination, and wage statements violations. The claims are also asserted as a representative action under the California Private Attorney General Act (“PAGA”). The Company denies the claims, denies that class certification is appropriate and denies that a PAGA representative action is appropriate, and is vigorously defending against the claims. The case is in pretrial discovery, no class action has been certified, and no representative action has been quantified or recognized. The Company denies any violation of law and plans to vigorously defend against all claims. The Company is unable to predict the outcome of the litigation or the range of potential loss, if any; however, the Company believes that its potential liability with respect to such proceeding is not material, in the aggregate, to its financial position, results of operations and cash flows. Accordingly, the Company has not established a reserve for loss in connection with this proceeding.

The Company received a Civil Investigative Demand (“CID”) from the Antitrust Division of the United States Department of Justice. The CID relates to an investigation under Sections 1 and 2 of the Sherman Act. The Company also received CIDs from the Antitrust Section of the Office of the Attorney General of the State of Ohio and later from other states regarding similar inquires under state antitrust laws. The CIDs request the Company to answer interrogatories, and produce documents, or both, related to the investigation of matters including film clearances, potential coordination and/or communication with other major theatre circuits and related joint ventures. The Company intends to fully cooperate with all federal and state government agencies. Although the Company does not believe that it has violated any federal or state antitrust or competition laws, it cannot predict the ultimate scope, duration or outcome of these investigations.

From time to time, the Company is involved in various legal proceedings arising from the ordinary course of its business operations, such as personal injury claims, employment matters, landlord-tenant disputes, patent claims and contractual disputes, some of which are covered by insurance. The Company believes its potential liability with respect to proceedings currently pending is not material, individually or in the aggregate, to the Company’s financial position, results of operations and cash flows.

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Foreign Currency Translation - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Foreign Currency Translation [Line Items]
Accumulated other comprehensive loss	$ (191,732)	$ (144,772)
Cumulative foreign currency adjustments	$ (193,977)	$ (147,930)

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014
Operating activities
Net income	$ 113,792		$ 107,830
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation	90,707		85,032
Amortization of intangible and other assets and favorable/unfavorable leases	1,194		1,345
Amortization of long-term prepaid rents	1,382		785
Amortization of debt issue costs	2,600		2,623
Amortization of deferred revenues, deferred lease incentives and other	(6,759)		(6,732)
Impairment of long-lived assets	4,322		784
Share based awards compensation expense	6,475		6,589
Loss on sale of assets and other	4,352		6,129
Deferred lease expenses	(1,288)		1,848
Equity in income of affiliates	(9,325)		(7,220)
Deferred income tax expenses	(7,942)		(22,003)
Distributions from equity investees	8,309		8,352
Changes in assets and liabilities and other	(27,017)		(25,615)
Net cash provided by operating activities	180,802		159,747
Investing activities
Additions to theatre properties and equipment and other	(155,712)		(102,563)
Acquisition of theatre in Brazil	(2,651)
Proceeds from sale of theatre properties and equipment and other	4,973		1,547
Investment in joint ventures and other	(1,777)		(1,896)
Net cash used for investing activities	(155,167)		(102,912)
Financing activities
Proceeds from stock option exercises			112
Payroll taxes paid as a result of restricted stock withholdings	(4,748)		(9,776)
Dividends paid to stockholders	(57,900)	[1]	(57,772)	[2]
Repayments of long-term debt	(3,516)		(4,952)
Payment of debt issue costs	(6,957)
Payments on capital leases	(7,959)		(6,827)
Other	1,950		3,340
Net cash used for financing activities	(79,130)		(75,875)
Effect of exchange rate changes on cash and cash equivalents	(9,085)		(2,748)
Decrease in cash and cash equivalents	(62,580)		(21,788)
Cash and cash equivalents:
Beginning of period	638,869		599,929
End of period	$ 576,289		$ 578,141

[1] On May 18, 2015 the Company's board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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 May 22, 2014 the Company's board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	120,105,227	119,757,582
Common stock, shares outstanding	115,928,430	115,700,447
Treasury stock, shares	4,176,797	4,057,135

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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill and Other Intangible Assets

10. Goodwill and Other Intangible Assets

The Company’s goodwill was as follows:

	U.S. Operating Segment		International Operating Segment			Total
Balance at January 1, 2015 (1)	$	1,156,556	$	120,827		$	1,277,383
Acquisition of Brazil theatre		—		356			356
Foreign currency translation adjustments		—		(11,584	)		(11,584	)
Balance at June 30, 2015 (1)	$	1,156,556	$	109,599		$	1,266,155

⁽¹⁾  Balances are presented net of accumulated impairment losses of $214,031 for the U.S. operating segment and $27,622 for the international operating segment.

The Company evaluates goodwill for impairment on an annual basis during the fourth quarter or whenever events or changes in circumstances indicate the carrying value of goodwill might exceed its estimated fair value. The Company evaluates goodwill for impairment at the reporting unit level and has allocated goodwill to the reporting unit based on an estimate of its relative fair value. The Company considers the reporting unit to be each of its eighteen regions in the U.S. and each of its nine countries internationally (Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Guatemala are considered one reporting unit). Goodwill impairment is evaluated using a two-step approach requiring the Company to compute the fair value of a reporting unit and compare it with its carrying value. If the carrying value of the reporting unit exceeds the estimated fair value, a second step is performed to measure the potential goodwill impairment. Significant judgment is involved in estimating cash flows and fair value. Management’s estimates, which fall under Level 3 of the U.S. GAAP fair value hierarchy as defined by FASB ASC Topic 820-10-35, are based on historical and projected operating performance, recent market transactions and current industry trading multiples. Fair value is determined based on a multiple of cash flows, which was eight times for the evaluation performed during the fourth quarter of 2014.

No events or changes in circumstances occurred during the six months ended June 30, 2015 that indicated the carrying value of goodwill might exceed its estimated fair value.

Intangible assets consisted of the following:

	Balance at January 1, 2015			Amortization			Other (1)			Balance at June 30, 2015
Intangible assets with finite lives:
Gross carrying amount	$	99,922		$	—		$	1,054		$	100,976
Accumulated amortization		(52,232	)		(2,909	)		(1,785	)		(56,926	)
Total net intangible assets with finite lives	$	47,690			(2,909	)		(731	)	$	44,050
Intangible assets with indefinite lives:
Tradename		300,334			—			(430	)		299,904
Total intangible assets — net	$	348,024		$	(2,909	)	$	(1,161	)	$	343,954

⁽¹⁾  Includes write-off of intangible assets for closed theatres, impairment of a favorable lease and foreign currency translation adjustments.

Estimated aggregate future amortization expense for intangible assets is as follows:

For the six months ended December 31, 2015	$	2,810
For the twelve months ended December 31, 2016		5,585
For the twelve months ended December 31, 2017		5,052
For the twelve months ended December 31, 2018		4,925
For the twelve months ended December 31, 2019		4,016
Thereafter		21,662
Total	$	44,050

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Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Trading Symbol	CNK
Entity Registrant Name	Cinemark Holdings, Inc.
Entity Central Index Key	0001385280
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		115,930,766

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Impairment of Long-Lived Assets

6 Months Ended

Jun. 30, 2015

Impairment of Long-Lived Assets

11. Impairment of Long-Lived Assets

The Company reviews long-lived assets for impairment indicators on a quarterly basis or whenever events or changes in circumstances indicate the carrying amount of the assets may not be fully recoverable.

The Company considers actual theatre level cash flows, budgeted theatre level cash flows, theatre property and equipment carrying values, amortizing intangible asset carrying values, the age of a recently built theatre, competitive theatres in the marketplace, the impact of recent ticket price changes, available lease renewal options and other factors considered relevant in its assessment of impairment of individual theatre assets. Long-lived assets are evaluated for impairment on an individual theatre basis, which the Company believes is the lowest applicable level for which there are identifiable cash flows. The impairment evaluation is based on the estimated undiscounted cash flows from continuing use through the remainder of the theatre’s useful life. The remainder of the theatre’s useful life correlates with the available remaining lease period, which includes the probability of renewal periods, for leased properties and the lesser of twenty years or the building’s remaining useful life for fee owned properties. If the estimated undiscounted cash flows are not sufficient to recover a long-lived asset’s carrying value, the Company then compares the carrying value of the asset group with its estimated fair value. When estimated fair value is determined to be lower than the carrying value of the asset group, the asset group is written down to its estimated fair value. Significant judgment is involved in estimating cash flows and fair value. Management’s estimates, which fall under Level 3 of the U.S. GAAP fair value hierarchy as defined by FASB ASC Topic 820-10-35, are based on historical and projected operating performance, recent market transactions and current industry trading multiples. Fair value is determined based on a multiple of cash flows, which was six and a half times for the evaluations performed during the six months ended June 30, 2015 and 2014. As of June 30, 2015, the estimated aggregate fair value of the long-lived assets impaired during the six months ended June 30, 2015 was approximately $1,649.

The long-lived asset impairment charges recorded during each of the periods presented are specific to theatres that were directly and individually impacted by increased competition, adverse changes in market demographics or adverse changes in the development or the conditions of the areas surrounding the theatre.

	Three Months Ended June 30,				Six Months Ended June 30,
	2015		2014		2015		2014
U.S. theatre properties	$	2,536	$	430	$	3,330	$	784
U.S. intangible assets		992		—		992		—
International theatre properties		—		—		—		—
Impairment of long-lived assets	$	3,528	$	430	$	4,322	$	784

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Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Admissions		$ 502,963	$ 455,726	$ 903,625	$ 836,640
Concession		259,530	226,417	473,957	419,440
Other		37,439	35,720	67,748	64,063
Total revenues		799,932	717,863	1,445,330	1,320,143
Cost of operations
Film rentals and advertising		285,303	249,198	500,962	449,855
Concession supplies		40,903	35,336	73,406	65,389
Salaries and wages		76,528	69,942	145,751	134,293
Facility lease expense		82,391	80,647	162,008	159,004
Utilities and other		85,138	78,570	160,495	154,502
General and administrative expenses		39,277	39,717	77,202	79,089
Depreciation and amortization		46,569	43,881	91,901	86,377
Impairment of long-lived assets		3,528	430	4,322	784
Loss on sale of assets and other		5,802	3,276	4,352	6,129
Total cost of operations		665,439	600,997	1,220,399	1,135,422
Operating income		134,493	116,866	224,931	184,721
Other income (expense)
Interest expense	[1]	(28,304)	(28,286)	(56,511)	(56,766)
Interest income		2,875	1,030	4,394	2,044
Foreign currency exchange gain (loss)		1,439	1,825	(6,767)	4,877
Loss on amendment to debt agreement	[2]	(925)		(925)
Distributions from NCM			1,180	8,499	10,677
Equity in income of affiliates		4,086	3,600	9,325	7,220
Total other expense		(20,829)	(20,651)	(41,985)	(31,948)
Income before income taxes		113,664	96,215	182,946	152,773
Income taxes		42,774	24,081	69,154	44,943
Net income		70,890	72,134	113,792	107,830
Less: Net income attributable to noncontrolling interests		632	403	1,013	656
Net income attributable to Cinemark Holdings, Inc.		$ 70,258	$ 71,731	$ 112,779	$ 107,174
Weighted average shares outstanding
Basic		115,148	114,786	114,993	114,485
Diluted		115,328	114,961	115,215	114,814
Earnings per share attributable to Cinemark Holdings, Inc.'s common stockholders
Basic		$ 0.61	$ 0.62	$ 0.97	$ 0.93
Diluted		0.61	0.62	0.97	0.93
Dividends declared per common share		$ 0.25	$ 0.25	$ 0.50	$ 0.50

[1] Includes amortization of debt issue costs.

[2] Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

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Equity

6 Months Ended

Jun. 30, 2015

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, 2015 and 2014:

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2015	$	1,112,800		$	10,329		$	1,123,129
Share based awards compensation expense		6,475			—			6,475
Stock withholdings related to share based awards that vested during the six months ended June 30, 2015		(4,748	)		—			(4,748	)
Tax benefit related to share based awards vesting		2,244			—			2,244
Dividends paid to stockholders (1)		(57,900	)		—			(57,900	)
Dividends accrued on unvested restricted stock unit awards (1)		(200	)		—			(200	)
Dividends paid to noncontrolling interests		—			(294	)		(294	)
Net income		112,779			1,013			113,792
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $958		1,612			—			1,612
Fair value adjustments on available-for-sale securities, net of taxes of $236		412			—			412
Other comprehensive loss in equity method investees		(2,938	)		—			(2,938	)
Foreign currency translation adjustments		(46,047	)		—			(46,047	)
Balance at June 30, 2015	$	1,124,489		$	11,048		$	1,135,537

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2014	$	1,093,422		$	8,995		$	1,102,417
Share based awards compensation expense		6,589			—			6,589
Stock withholdings related to share based awards that vested during the six months ended June 30, 2014		(9,776	)		—			(9,776	)
Exercise of stock options		112			—			112
Tax benefit related to share based awards vesting		3,561			—			3,561
Dividends paid to stockholders (2)		(57,772	)		—			(57,772	)
Dividends accrued on unvested restricted stock unit awards (2)		(274	)		—			(274	)
Dividends paid to noncontrolling interests		—			(221	)		(221	)
Net income		107,174			656			107,830
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $759		1,158			—			1,158
Fair value adjustments on available-for-sale securities, net of taxes of $1,916		3,244			—			3,244
Other comprehensive income in equity method investments		396			—			396
Foreign currency translation adjustments		(851	)		8			(843	)
Balance at June 30, 2014	$	1,146,983		$	9,438		$	1,156,421

⁽¹⁾  On May 18, 2015 the Company’s board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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 May 22, 2014 the Company’s board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

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Long Term Debt Activity

6 Months Ended

Jun. 30, 2015

Long Term Debt Activity

4. Long Term Debt Activity

Amended Senior Secured Credit Facility

On May 8, 2015, Cinemark USA, Inc., our wholly-owned subsidiary, amended its senior secured credit facility (“Amended and Restated Credit Agreement”), to extend the maturity of the $700,000 term loan from December 2019 to May 2022. Quarterly principal payments in the amount of $1,750 are due on the term loan through March 31, 2022, with the remaining principal of $635,250 due on May 8, 2022. The Company incurred debt issue costs of approximately $6,875 in connection with the amendment, which are reflected in deferred charges and other assets-net on the condensed consolidated balance sheet as of June 30, 2015. In addition, the Company incurred approximately $925 in legal and other fees that are reflected as loss on amendment to debt agreement on the condensed consolidated statements of income for the three and six months ended June 30, 2015.

Fair Value of Long-Term Debt

The Company estimates the fair value of its long-term debt using the market approach, which utilizes quoted market prices that fall under Level 2 of the U.S. GAAP fair value hierarchy as defined by FASB Accounting Standards Codification (“ASC”) Topic 820-10-35, Fair Value Measurement. The carrying value of the Company’s long-term debt was $1,819,479 and $1,822,997 as of June 30, 2015 and December 31, 2014, respectively. The fair value of the Company’s long-term debt was $1,809,866 and $1,790,987 as of June 30, 2015 and December 31, 2014, respectively.

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Related Party Transactions

6 Months Ended

Jun. 30, 2015

Related Party Transactions

16. Related Party Transactions

The Company manages theatres for Laredo Theatre, Ltd. (“Laredo”). The Company is the sole general partner and owns 75% of the limited partnership interests of Laredo. Lone Star Theatres, Inc. owns the remaining 25% of the limited partnership interests in Laredo and is 100% owned by Mr. David Roberts, Lee Roy Mitchell’s son-in-law. Lee Roy Mitchell is the Company’s Chairman of the Board of Directors and directly and indirectly owns approximately 9% of the Company’s common stock. Under the agreement, management fees are paid by Laredo to the Company at a rate of 5% of annual theatre revenues. The Company recorded $313 and $279 of management fee revenues during the six months ended June 30, 2015 and 2014, respectively. All such amounts are included in the Company’s condensed consolidated financial statements with the intercompany amounts eliminated in consolidation.

The Company leases 15 theatres and one parking facility from Syufy Enterprises, LP (“Syufy”) or affiliates of Syufy. Raymond Syufy is one of the Company’s directors and is an officer of the general partner of Syufy. Of these 16 leases, 14 have fixed minimum annual rent. The two leases without minimum annual rent have rent based upon a specified percentage of gross sales as defined in the lease. For the six months ended June 30, 2015 and 2014, the Company paid total rent of approximately $11,036 and $11,643, respectively, to Syufy.

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Fair Value Measurements

6 Months Ended

Jun. 30, 2015

Fair Value Measurements

12. Fair Value Measurements

The Company determines fair value measurements in accordance with FASB ASC Topic 820, which establishes a fair value hierarchy under which an asset or liability is categorized based on the lowest level of input significant to its fair value measurement. The levels of input defined by FASB ASC Topic 820 are as follows:

Level 1 – quoted market prices in active markets for identical assets or liabilities that are accessible at the measurement date;

Level 2 – other than quoted market prices included in Level 1 that are observable for the asset or liability, either directly or indirectly; and

Level 3 – unobservable and should be used to measure fair value to the extent that observable inputs are not available.

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of June 30, 2015:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(2,002	)	$	—	$	—	$	(2,002	)
Investment in RealD (see Note 7)	$	15,077		$	15,077	$	—	$	—

Below is a summary of assets and liabilities measured at fair value on a recurring basis by the Company under FASB ASC Topic 820 as of December 31, 2014:

	Carrying			Fair Value
Description	Value			Level 1		Level 2		Level 3
Interest rate swap liabilities – current (see Note 9)	$	(4,255	)	$	—	$	—	$	(4,255	)
Interest rate swap liabilities – long term (see Note 9)	$	(317	)	$	—	$	—	$	(317	)
Investment in RealD (see Note 7)	$	14,429		$	14,429	$	—	$	—

Below is a reconciliation of the beginning and ending balance for liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Liabilities
	2015			2014
Beginning balances - January 1	$	4,572		$	9,176
Total loss included in accumulated other comprehensive loss		377			1,068
Settlements		(2,947	)		(2,985	)
Ending balances – June 30	$	2,002		$	7,259

The Company also uses the market approach for fair value measurements on a nonrecurring basis in the impairment evaluations of its long-lived assets (see Note 10 and Note 11). Additionally, the Company uses the market approach to estimate the fair value of its long-term debt (see Note 4). There were no changes in valuation techniques and there were no transfers in or out of Level 1, Level 2 or Level 3 during the six months ended June 30, 2015.

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Treasury Stock and Share Based Awards

6 Months Ended

Jun. 30, 2015

Treasury Stock and Share Based Awards

8. Treasury Stock and Share Based Awards

Treasury Stock — Treasury stock represents shares of common stock repurchased or withheld by the Company and not yet retired. The Company has applied the cost method in recording its treasury shares. Below is a summary of the Company’s treasury stock activity for the six months ended June 30, 2015:

	Number of Treasury Shares		Cost
Balance at January 1, 2015		4,057,135	$	61,807
Restricted stock withholdings (1)		107,825		4,748
Restricted stock forfeitures		11,837		—
Balance at June 30, 2015		4,176,797	$	66,555

⁽¹⁾  The Company withheld restricted shares as a result of the election by certain employees to satisfy their tax liabilities upon vesting in restricted stock and restricted stock units. The Company determined the number of shares to be withheld based upon market values ranging from $41.21 to $44.67 per share.

As of June 30, 2015, the Company had no plans to retire any shares of treasury stock.

Restricted Stock – During the six months ended June 30, 2015, the Company granted 223,976 shares of restricted stock to directors and employees. The fair value of the restricted stock granted was determined based on the market value of the Company’s common stock on the dates of grant, which ranged from $40.75 to $43.28 per share. The Company assumed forfeiture rates ranging from 0% to 10% for the restricted stock awards. Restricted stock granted to the Company’s directors vests over one year. Restricted stock granted to employees vests over service periods that range from one year to four years. The recipients of restricted stock are entitled to receive dividends and to vote their respective shares, however, the sale and transfer of the restricted shares is prohibited during the restriction period.

Below is a summary of restricted stock activity for the six months ended June 30, 2015:

	Shares of Restricted Stock			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2015		878,897		$	24.92
Granted		223,976		$	42.80
Vested		(326,168	)	$	23.62
Forfeited		(11,937	)	$	25.98
Outstanding at June 30, 2015		764,768		$	30.71
Unvested restricted stock at June 30, 2015		764,768		$	30.71

	Six Months Ended June 30,
	2015		2014
Compensation expense recognized during the period	$	4,736	$	4,986
Fair value of restricted shares that vested during the period	$	14,308	$	18,571
Income tax deduction upon vesting of restricted stock awards	$	3,788	$	7,109

As of June 30, 2015, the estimated remaining unrecognized compensation expense related to restricted stock awards was $16,667 and the weighted average period over which this remaining compensation expense will be recognized is approximately two years.

Restricted Stock Units – During the six months ended June 30, 2015, the Company granted restricted stock units representing 142,922 hypothetical shares of common stock to employees. The restricted stock units vest based on a combination of financial performance factors and continued service. The financial performance factors are based on an implied equity value concept that determines an internal rate of return (“IRR”) during the two fiscal year periods ending December 31, 2016 based on a formula utilizing a multiple of Adjusted EBITDA subject to certain specified adjustments as specified by the Compensation Committee prior to the grant date. The financial performance factors for the restricted stock units have a threshold, target and maximum level of payment opportunity and vest on a prorata basis according to the IRR achieved by the Company during the performance period. If the IRR for the two-year period is at least 7.5%, which is the threshold, one-third of the restricted stock units vest. If the IRR for the two-year period is at least 9.5%, which is the target, two-thirds of the restricted stock units vest. If the IRR for the two-year period is at least 11.5%, which is the maximum, 100% of the restricted stock units vest. Grantees are eligible to receive a ratable portion of the common stock issuable if the IRR is within the targets previously noted. All payouts of restricted stock units that vest will be subject to an additional two-year service requirement and will be paid in the form of common stock if the participant continues to provide services through March 2019, which is the fourth anniversary of the grant date. Restricted stock unit award participants are eligible to receive dividend equivalent payments from the grant date if, and at the time that, the restricted stock unit awards vest.

Below is a table summarizing the potential number of shares that could vest under restricted stock unit awards granted during the six months ended June 30, 2015 at each of the three target levels of financial performance (excluding forfeiture assumptions):

	Number of Shares Vesting		Value at Grant
at IRR of at least 7.5%		47,640	$	2,057
at IRR of at least 9.5%		95,282	$	4,115
at IRR of at least 11.5%		142,922	$	6,173

Due to the fact that the IRR for the two-year performance period could not be determined at the time of grant, the Company estimated that the most likely outcome is the achievement of the mid-point IRR level. The fair value of the restricted stock unit awards was determined based on the market value of the Company’s common stock on the dates of grant, which ranged from $40.75 to $43.28 per share. The Company assumed forfeiture rates ranging from 0% to 5% for the restricted stock unit awards. If during the service period, additional information becomes available to lead the Company to believe a different IRR level will be achieved for the two-year performance period, the Company will reassess the number of units that will vest for the grant and adjust its compensation expense accordingly on a prospective basis over the remaining service period.

	Six Months Ended June 30,
	2015		2014
Number of restricted stock unit awards that vested during the period		123,769		392,238
Fair value of restricted stock unit awards that vested during the period	$	5,483	$	11,312
Accumulated dividends paid upon vesting of restricted stock unit awards	$	442	$	1,341
Income tax benefit recognized upon vesting of restricted stock unit awards	$	2,303	$	4,751
Compensation expense recognized during the period	$	1,739	$	1,603

As of June 30, 2015, the estimated remaining unrecognized compensation expense related to the outstanding restricted stock unit awards was $7,008. The weighted average period over which this remaining compensation expense will be recognized is approximately two years. As of June 30, 2015, the Company had restricted stock units outstanding that represented a total of 544,081 hypothetical shares of common stock, net of actual cumulative forfeitures of 19,934 units, assuming an IRR of 11.1% was reached for the 2012 grant and the maximum IRR level is achieved for each of the 2013, 2014, and 2015 grants.

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Summary of Goodwill (Parenthetical) (Detail) $ in Thousands	Jun. 30, 2015 USD ($)
U.S. Operating Segment
Goodwill [Line Items]
Accumulated impairment losses	$ 214,031
International Operating Segment
Goodwill [Line Items]
Accumulated impairment losses	$ 27,622

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Investment in National CineMedia

6 Months Ended

Jun. 30, 2015

Investment in National CineMedia

6. Investment in National CineMedia

The Company has an investment in National CineMedia, LLC (“NCM”). NCM operates a digital in-theatre network in the U.S. for providing cinema advertising. Upon joining NCM, the Company entered into an Exhibitor Services Agreement with NCM (“ESA”), pursuant to which NCM provides advertising, promotion and event services to our theatres. As described further in Note 6 to the Company’s financial statements as included in its 2014 Annual Report on Form 10-K, on February 13, 2007, National CineMedia, Inc. (“NCM, Inc.”), an entity that serves as the sole manager of NCM, completed an initial public offering (“IPO”) of its common stock. In connection with the NCM Inc. initial public offering, the Company amended its operating agreement and the ESA. Following the NCM, Inc. IPO, the Company does not recognize undistributed equity in the earnings on its original NCM membership units (referred to herein as the Company’s Tranche 1 Investment) until NCM’s future net earnings, less distributions received, surpass the amount of the excess distribution. The Company recognizes equity in earnings on its Tranche 1 Investment only to the extent it receives cash distributions from NCM. The Company recognizes cash distributions it receives from NCM on its Tranche 1 Investment as a component of earnings as Distributions from NCM. The Company believes that the accounting model provided by ASC 323-10-35-22 for recognition of equity investee losses in excess of an investor’s basis is analogous to the accounting for equity income subsequent to recognizing an excess distribution.

Below is a summary of activity with NCM included in the Company’s condensed consolidated financial statements:

	Investment in NCM			Deferred Revenue			Distributions from NCM			Equity in Earnings			Other Revenue			Other Comprehensive Income		Cash Received
Balance as of January 1, 2015	$	178,939		$	(335,219	)
Receipt of common units due to annual common unit adjustment		15,421			(15,421	)	$	—		$	—		$	—		$	—	$	—
Revenues earned under ESA (1)		—			—			—			—			(5,681	)		—		5,681
Receipt of excess cash distributions		(5,393	)		—			(6,258	)		—			—			—		11,651
Receipt under tax receivable agreement		(1,871	)		—			(2,241	)		—			—			—		4,112
Equity in earnings		409			—			—			(409	)		—			—		—
Equity in other comprehensive income		(2,734	)		—			—			—			—			2,734		—
Amortization of deferred revenue		—			4,149			—			—			(4,149	)		—		—
Balance as of and for the period ended June 30, 2015	$	184,771		$	(346,491	)	$	(8,499	)	$	(409	)	$	(9,830	)	$	2,734	$	21,444

⁽¹⁾  Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $4,980.

On May 5, 2014, NCM, Inc. announced that it had entered into a merger agreement to acquire Screenvision, LLC. On November 3, 2014, the U.S. Department of Justice (“DOJ”) filed an antitrust lawsuit seeking to enjoin the proposed merger between NCM, Inc. and Screenvision, LLC. On March 16, 2015, NCM, Inc. announced that it had agreed with Screenvision, LLC to terminate the merger agreement. The termination of the merger agreement resulted in a $26.8 million termination payment to Screenvision by NCM, Inc. NCM indemnified NCM, Inc. for the termination fee. The impact of the termination payment and related merger costs resulted in NCM not making an excess cash distribution to its shareholders during the second quarter of 2015.

During the three months ended June 30, 2015 and 2014, the Company recorded equity in loss of approximately $386 and $75, respectively. During the six months ended June 30, 2015 and 2014, the Company recorded equity in earnings of approximately $409 and $357, respectively

Pursuant to a Common Unit Adjustment Agreement dated as of February 13, 2007 between NCM, Inc. and the Company, AMC Entertainment, Inc. (“AMC”) and Regal Entertainment Group (“Regal”), annual adjustments to the common membership units are made primarily based on increases or decreases in the number of theatre screens operated and theatre attendance generated by each Founding Member. As further discussed in Note 6 to the Company’s financial statements as included in its 2014 Annual Report on Form 10-K, the common units received are recorded at fair value as an increase in the Company’s investment in NCM with an offset to deferred revenue. The deferred revenue is amortized over the remaining term of the ESA. During March 2015, NCM performed its annual common unit adjustment calculation under the Common Unit Adjustment Agreement. As a result of the calculation, the Company received an additional 1,074,910 common units of NCM, each of which is convertible into one share of NCM, Inc. common stock. The Company recorded the additional common units received at fair value with a corresponding adjustment to deferred revenue of approximately $15,421. The deferred revenue will be recognized over the remaining term of the ESA, which is approximately 21 years.

As of June 30, 2015, the Company owned a total of 25,631,046 common units of NCM, representing an ownership interest of approximately 20%.

Below is summary financial information for NCM for the three and six months ended June 26, 2014 and the three months ended April 2, 2015 (the financial information for the period ended June 25, 2015 is not yet available):

	Three Months Ended April 2, 2015			Three Months Ended June 26, 2014		Six Months Ended June 26, 2014
Gross revenues	$	76,867		$	99,958	$	170,173
Operating income	$	14,618		$	42,131	$	54,898
Net earnings (loss)	$	(38,729	)	$	26,467	$	23,703

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Other Investments

6 Months Ended

Jun. 30, 2015

Other Investments

7. Other Investments

The Company had the following other investments at June 30, 2015:

Digital Cinema Implementation Partners (“DCIP”), equity method investment	$	59,622
RealD, Inc. (“RealD”), investment in marketable security		15,077
AC JV, LLC, equity method investment		8,874
Digital Cinema Distribution Coalition (“DCDC”), equity method investment		2,562
Other		1,596
Total	$	87,731

Below is a summary of activity for each of the investments for the three months ended June 30, 2015:

	DCIP			RealD		AC JV, LLC		DCDC		Other			Total
Balance at January 1, 2015	$	51,277		$	14,429	$	7,899	$	2,438	$	1,615		$	77,658
Cash contributions, net of cash distributions received		732			—		—		—		—			732
Equity in income		7,817			—		975		124		—			8,916
Equity in comprehensive loss		(204	)		—		—		—		—			(204	)
Unrealized holding gain		—			648		—		—		—			648
Other		—			—		—		—		(19	)		(19	)
Balance at June 30, 2015	$	59,622		$	15,077	$	8,874	$	2,562	$	1,596		$	87,731

Digital Cinema Implementation Partners LLC

On February 12, 2007, the Company, AMC and Regal entered into a joint venture known as Digital Cinema Implementation Partners LLC to facilitate the implementation of digital cinema in the Company’s theatres and to establish agreements with major motion picture studios for the financing of digital cinema. On March 10, 2010, the Company signed a master equipment lease agreement and other related agreements (collectively the “Agreements”) with Kasima LLC (“Kasima”), which is an indirect subsidiary of DCIP and a related party to the Company. Upon signing the Agreements, the Company contributed the majority of its U.S. digital projection systems to DCIP, which DCIP then contributed to Kasima. The Company has a variable interest in Kasima through the terms of its master equipment lease agreement; however, the Company has determined that it is not the primary beneficiary of Kasima, as the Company does not have the ability to direct the activities of Kasima that most significantly impact Kasima’s economic performance. As of June 30, 2015, the Company had a 33% voting interest in DCIP and a 24.3% economic interest in DCIP. The Company accounts for its investment in DCIP and its subsidiaries under the equity method of accounting.

Below is summary financial information for DCIP for the three and six months ended June 30, 2015 and 2014.

	Three Months Ended				Six Months Ended
	June 30, 2015		June 30, 2014		June 30, 2015		June 30, 2014
Revenues	$	39,852	$	43,396	$	80,593	$	86,084
Operating income	$	22,996	$	26,700	$	46,760	$	51,004
Net income	$	16,521	$	19,065	$	33,965	$	24,593

As of June 30, 2015, the Company had 3,714 digital projection systems being leased under the master equipment lease agreement with Kasima. The Company made equipment lease payments of approximately $2,049 and $2,000 during the six months ended June 30, 2015 and 2014, respectively, which are included in utilities and other costs on the condensed consolidated statements of income.

RealD, Inc.

The Company licenses 3-D systems from RealD. The Company owns 1,222,780 shares of RealD and accounts for its investment in RealD as a marketable security. The Company has determined that its RealD shares are available-for-sale securities in accordance with ASC Topic 320-10-35-1, therefore unrealized holding gains and losses are reported as a component of accumulated other comprehensive loss until realized.

As of June 30, 2015, the estimated fair value of the Company’s investment in RealD was $15,077, which is based on the closing price of RealD’s common stock on June 30, 2015, and falls under Level 1 of the U.S. GAAP fair value hierarchy as defined by ASC Topic 820-10-35. The Company paid licensing fees of $7,881 and $8,822 during the six months ended June 30, 2015 and 2014, respectively, which are included in utilities and other costs on the condensed consolidated statements of income.

AC JV, LLC

During December 2013, the Company, Regal, AMC and NCM entered into a series of agreements that resulted in the formation of a new joint venture that now owns the “Fathom Events” division (consisting of Fathom Events and Fathom Consumer Events) formerly operated by NCM. The Fathom Events business focuses on the marketing and distribution of live and pre-recorded entertainment programming to various theatre operators to provide additional programs to augment their feature film schedule. The Fathom Consumer Events business includes live and pre-recorded concerts featuring contemporary music, opera and symphony, DVD product releases and marketing events, theatrical premieres, Broadway plays, live sporting events and other special events. The Company paid event fees of $5,970 and $0 for the six months ended June 30, 2015 and 2014, respectively, which are included in film rentals and advertising costs on the condensed consolidated statements of income.

The joint venture, AC JV, LLC (“AC”), was formed by the Founding Members and NCM. NCM, under a contribution agreement, contributed the assets associated with its Fathom Events division to AC in exchange for 97% ownership of the Class A Units of AC. Under a separate contribution agreement, the Founding Members each contributed cash of approximately $268 to AC in exchange for 1% of the Class A Units of AC. Subsequently, NCM and the Founding Members entered into a Membership Interest Purchase Agreement, under which NCM sold each of the Founding Members 31% of its Class A Units in AC, the aggregate value of which was determined to be $25,000, in exchange for a six-year Promissory Note. Each of the Founding Members’ Promissory Notes were originally for $8,333, bear interest at 5% per annum and require annual principal and interest payments, with the first of such payments made during December 2014.

Digital Cinema Distribution Coalition

The Company is a party to a joint venture with certain exhibitors and distributors called DCDC, which operates a satellite distribution network that distributes all digital content to U.S. theatres via satellite. The Company has an approximate 14.6% ownership in DCDC. The Company paid approximately $390 and $382 during the six months ended June 30, 2015 and 2014, respectively, related to content delivery services provided by DCDC. These fees are included in film rentals and advertising costs on the condensed consolidated statements of income.

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Interest Rate Swap Agreements

6 Months Ended

Jun. 30, 2015

Interest Rate Swap Agreements

9. Interest Rate Swap Agreements

The Company is currently a party to three interest rate swap agreements that are used to hedge interest rate risk associated with the variable interest rates on the Company’s term loan debt and qualify for cash flow hedge accounting. The fair values of the interest rate swaps are recorded on the Company’s condensed consolidated balance sheet as an asset or liability with the effective portion of the interest rate swaps’ gains or losses reported as a component of accumulated other comprehensive loss and the ineffective portion reported in earnings. The changes in fair values are reclassified from accumulated other comprehensive loss into earnings in the same period that the hedged items affect earnings.

The valuation technique used to determine fair value is the income approach and under this approach, the Company uses projected future interest rates as provided by counterparties to the interest rate swap agreements and the fixed rates that the Company is obligated to pay under these agreements. Therefore, the Company’s measurements use significant unobservable inputs, which fall in Level 3 of the U.S. GAAP hierarchy as defined by FASB ASC Topic 820-10-35. There were no changes in valuation techniques during the period and no transfers in or out of Level 3. See Note 12 for a summary of unrealized gains or losses recorded in accumulated other comprehensive loss and earnings.

Below is a summary of the Company’s current interest rate swap agreements designated as cash flow hedges as of June 30, 2015:

Nominal Amount		Effective Date	Pay Rate			Receive Rate	Expiration Date	Estimated Total Fair Value at June 30, 2015(1)
$	175,000	December 2010		1.3975	%	1-Month LIBOR	September 2015	$	439
$	175,000	December 2010		1.4000	%	1-Month LIBOR	September 2015		446
$	100,000	November 2011		1.7150	%	1-Month LIBOR	April 2016		1,117
$	450,000							$	2,002

⁽¹⁾  Included in accounts payable and accrued expenses on the condensed consolidated balance sheet as of June 30, 2015.

The changes in accumulated other comprehensive loss, net of taxes, related to the Company’s interest rate swap agreements for the three and six months ended June 30, 2015 and 2014 were as follows:

	Interest Rate Swaps
	2015			2014
Beginning balances – April 1	$	(2,113	)	$	(5,219	)
Other comprehensive loss before reclassifications, net of taxes		(646	)		(848	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		1,501			1,509
Net other comprehensive income		855			661
Ending balances- June 30	$	(1,258	)	$	(4,558	)
	Interest Rate Swaps
	2015			2014
Beginning balances – January 1	$	(2,870	)	$	(5,716	)
Other comprehensive loss before reclassifications, net of taxes		(1,335	)		(1,827	)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes		2,947			2,985
Net other comprehensive income		1,612			1,158
Ending balances – June 30	$	(1,258	)	$	(4,558	)

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Impairment of Long-Lived Assets - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Indefinite-lived Intangible Assets [Line Items]
Estimated aggregate fair value of long-lived assets impaired during current period	$ 1,649
Lease period of fee owned properties	20 years
Fair value of long-lived assets in the multiples of cash flow	Six and a half times	Six and a half times

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Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in RealD	$ 87,731	$ 77,658
Interest rate swap liabilities - current	(2,002)	(4,255)
Interest rate swap liabilities - long term		(317)
RealD
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in RealD	15,077	14,429
Level 1 | RealD
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in RealD	15,077	14,429
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap liabilities - current	$ (2,002)	(4,255)
Interest rate swap liabilities - long term		$ (317)

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Estimated Aggregate Future Amortization Expense for Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
For the six months ended December 31, 2015	$ 2,810
For the twelve months ended December 31, 2016	5,585
For the twelve months ended December 31, 2017	5,052
For the twelve months ended December 31, 2018	4,925
For the twelve months ended December 31, 2019	4,016
Thereafter	21,662
Total	$ 44,050	$ 47,690

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Foreign Currency Translation (Tables)

6 Months Ended

Jun. 30, 2015

Summary of Impact of Translating Financial Statements of Certain of Company's International Subsidiaries

Below is a summary of the impact of translating the June 30, 2015 financial statements of the Company’s international subsidiaries:

	Exchange Rate as of				Other Comprehensive Loss for The Six Months Ended
Country	June 30, 2015		December 31, 2014		June 30, 2015
Brazil		3.16		2.69	$	(33,827	)
Argentina		9.15		8.55		(5,057	)
Peru		3.26		3.05		(2,514	)
Colombia		2,585.1		2,392.4		(2,423	)
All other						(2,226	)
					$	(46,047	)

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Summary of Treasury Stock Activity (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2015 $ / shares
Minimum
Schedule of Treasury Stock [Line Items]
Market Value of Restricted Shares	$ 41.21
Maximum
Schedule of Treasury Stock [Line Items]
Market Value of Restricted Shares	$ 44.67

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Supplemental Cash Flow Information

6 Months Ended

Jun. 30, 2015

Supplemental Cash Flow Information

14. Supplemental Cash Flow Information

The following is provided as supplemental information to the condensed consolidated statements of cash flows:

	Six Months Ended June 30,
	2015			2014
Cash paid for interest	$	53,667		$	53,890
Cash paid for income taxes, net of refunds received	$	44,701		$	64,540
Noncash investing and financing activities:
Change in accounts payable and accrued expenses for the acquisition of theatre properties and equipment (1)	$	(4,701	)	$	(4,617	)
Theatre properties acquired under capital lease	$	13,726		$	4,012
Investment in NCM – receipt of common units (see Note 6)	$	15,421		$	8,216
Dividends accrued on unvested restricted stock unit awards	$	(200	)	$	(274	)

⁽¹⁾  Additions to theatre properties and equipment included in accounts payable as of June 30, 2015 and December 31, 2014 were $17,936 and $13,235, respectively.

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Equity (Tables)

6 Months Ended

Jun. 30, 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 six months ended June 30, 2015 and 2014:

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2015	$	1,112,800		$	10,329		$	1,123,129
Share based awards compensation expense		6,475			—			6,475
Stock withholdings related to share based awards that vested during the six months ended June 30, 2015		(4,748	)		—			(4,748	)
Tax benefit related to share based awards vesting		2,244			—			2,244
Dividends paid to stockholders (1)		(57,900	)		—			(57,900	)
Dividends accrued on unvested restricted stock unit awards (1)		(200	)		—			(200	)
Dividends paid to noncontrolling interests		—			(294	)		(294	)
Net income		112,779			1,013			113,792
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $958		1,612			—			1,612
Fair value adjustments on available-for-sale securities, net of taxes of $236		412			—			412
Other comprehensive loss in equity method investees		(2,938	)		—			(2,938	)
Foreign currency translation adjustments		(46,047	)		—			(46,047	)
Balance at June 30, 2015	$	1,124,489		$	11,048		$	1,135,537

	Cinemark Holdings, Inc. Stockholders’ Equity			Noncontrolling Interests			Total Equity
Balance at January 1, 2014	$	1,093,422		$	8,995		$	1,102,417
Share based awards compensation expense		6,589			—			6,589
Stock withholdings related to share based awards that vested during the six months ended June 30, 2014		(9,776	)		—			(9,776	)
Exercise of stock options		112			—			112
Tax benefit related to share based awards vesting		3,561			—			3,561
Dividends paid to stockholders (2)		(57,772	)		—			(57,772	)
Dividends accrued on unvested restricted stock unit awards (2)		(274	)		—			(274	)
Dividends paid to noncontrolling interests		—			(221	)		(221	)
Net income		107,174			656			107,830
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $759		1,158			—			1,158
Fair value adjustments on available-for-sale securities, net of taxes of $1,916		3,244			—			3,244
Other comprehensive income in equity method investments		396			—			396
Foreign currency translation adjustments		(851	)		8			(843	)
Balance at June 30, 2014	$	1,146,983		$	9,438		$	1,156,421

⁽¹⁾  On May 18, 2015 the Company’s board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. 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 May 22, 2014 the Company’s board of directors declared a cash dividend for the first quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on June 6, 2014. The dividend was paid on June 20, 2014. 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.

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Summary Financial Information for DCIP (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Schedule of Equity Method Investments [Line Items]
Revenues	$ 799,932	$ 717,863	$ 1,445,330	$ 1,320,143
Operating income	134,493	116,866	224,931	184,721
Net income	70,890	72,134	113,792	107,830
Digital Cinema Implementation Partners LLC
Schedule of Equity Method Investments [Line Items]
Revenues	39,852	43,396	80,593	86,084
Operating income	22,996	26,700	46,760	51,004
Net income	$ 16,521	$ 19,065	$ 33,965	$ 24,593

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Summary of Changes in Stockholders Equity (Parenthetical) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2015	Jun. 30, 2014
Shareholders Equity [Line Items]
Unrealized loss due to fair value adjustments on interest rate swap agreements, taxes	$ 504			$ 391			$ 958	$ 759
Unrealized (loss) gain due to fair value adjustments on available-for-sale securities, taxes	$ (209)			$ 724			$ 236	$ 1,916
Declaration Date		May 18, 2015	Feb. 17, 2015		May 22, 2014	Feb. 14, 2014
Amount per Share of Common Stock	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.25	$ 0.50	$ 0.50
Record Date		Jun. 05, 2015	Mar. 04, 2015		Jun. 06, 2014	Mar. 04, 2014
Date Paid		Jun. 19, 2015	Mar. 18, 2015		Jun. 20, 2014	Mar. 19, 2014
Cinemark Holdings, Inc. Stockholders' Equity
Shareholders Equity [Line Items]
Unrealized loss due to fair value adjustments on interest rate swap agreements, taxes							$ 958	$ 759
Unrealized (loss) gain due to fair value adjustments on available-for-sale securities, taxes							$ 236	$ 1,916

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 70,890	$ 72,134	$ 113,792	$ 107,830
Other comprehensive income (loss), net of tax
Unrealized gain due to fair value adjustments on interest rate swap agreements, net of settlements, net of taxes of $504, $391, $958 and $759	855	661	1,612	1,158
Unrealized gain (loss) due to fair value adjustments on available-for-sale securities, net of taxes of $(209), $724, $236 and $1,916	(354)	1,221	412	3,244
Other comprehensive income (loss) in equity method investments	(3,322)	134	(2,938)	396
Foreign currency translation adjustments	628	8,346	(46,047)	(843)
Total other comprehensive income (loss), net of tax	(2,193)	10,362	(46,961)	3,955
Total comprehensive income, net of tax	68,697	82,496	66,831	111,785
Comprehensive income attributable to noncontrolling interests	(626)	(405)	(1,013)	(664)
Comprehensive income attributable to Cinemark Holdings, Inc.	$ 68,071	$ 82,091	$ 65,818	$ 111,121

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Earnings Per Share

6 Months Ended

Jun. 30, 2015

Earnings Per Share

3. Earnings Per Share

The Company considers its unvested restricted stock 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 June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Numerator:
Net income attributable to Cinemark Holdings, Inc.	$	70,258		$	71,731		$	112,779		$	107,174
Earnings allocated to participating share-based awards (1)		(441	)		(542	)		(709	)		(704	)
Net income attributable to common stockholders	$	69,817		$	71,189		$	112,070		$	106,470
Denominator (shares in thousands):
Basic weighted average common stock outstanding		115,148			114,786			114,993			114,485
Common equivalent shares for restricted stock units		180			175			222			329
Diluted		115,328			114,961			115,215			114,814
Basic earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93
Diluted earnings per share attributable to common stockholders	$	0.61		$	0.62		$	0.97		$	0.93

⁽¹⁾  For the three months ended June 30, 2015 and 2014, a weighted average of approximately 729 and 876 shares of unvested restricted stock, respectively, were considered participating securities. For the six months ended June 30, 2015 and 2014, a weighted average of approximately 648 and 761 shares of unvested restricted stock, respectively, were considered participating securities.

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Changes in Accumulated Other Comprehensive Loss, Net of Taxes, Related to Interest Rate Swap Agreements (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other comprehensive loss before reclassifications, net of taxes	$ 855	$ 661	$ 1,612	$ 1,158
Net other comprehensive income			1,612	1,158
Interest Rate Swap
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balances	(2,113)	(5,219)	(2,870)	(5,716)
Other comprehensive loss before reclassifications, net of taxes	(646)	(848)	(1,335)	(1,827)
Amounts reclassified from accumulated other comprehensive loss to interest expense, net of taxes	1,501	1,509	2,947	2,985
Net other comprehensive income	855	661	1,612	1,158
Ending balances	$ (1,258)	$ (4,558)	$ (1,258)	$ (4,558)

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Summary of Impact of Translating Financial Statements of Certain of Company's International Subsidiaries (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015 USD ($) PEN / $ ARS / $ COP / $ BRL / $	Jun. 30, 2014 USD ($)	Jun. 30, 2015 USD ($) PEN / $ ARS / $ COP / $ BRL / $	Jun. 30, 2014 USD ($)	Dec. 31, 2014 PEN / $ ARS / $ COP / $ BRL / $
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)	$ 628	$ 8,346	$ (46,047)	$ (843)
Cinemark Holdings, Inc. Stockholders' Equity
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			(46,047)	$ (851)
Brazil
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			$ (33,827)
Exchange Rate | BRL / $	3.16		3.16		2.69
Argentina
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			$ (5,057)
Exchange Rate | ARS / $	9.15		9.15		8.55
Peru
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			$ (2,514)
Exchange Rate | PEN / $	3.26		3.26		3.05
Colombia
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			$ (2,423)
Exchange Rate | COP / $	2,585.1		2,585.1		2,392.4
All Other
Foreign Currency Translation [Line Items]
Other comprehensive Income (Loss)			$ (2,226)

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Investment in National CineMedia (Tables)

6 Months Ended

Jun. 30, 2015

NCM

Summary of Activity with Included in Company's Condensed Consolidated Financial Statements

Below is a summary of activity with NCM included in the Company’s condensed consolidated financial statements:

	Investment in NCM			Deferred Revenue			Distributions from NCM			Equity in Earnings			Other Revenue			Other Comprehensive Income		Cash Received
Balance as of January 1, 2015	$	178,939		$	(335,219	)
Receipt of common units due to annual common unit adjustment		15,421			(15,421	)	$	—		$	—		$	—		$	—	$	—
Revenues earned under ESA (1)		—			—			—			—			(5,681	)		—		5,681
Receipt of excess cash distributions		(5,393	)		—			(6,258	)		—			—			—		11,651
Receipt under tax receivable agreement		(1,871	)		—			(2,241	)		—			—			—		4,112
Equity in earnings		409			—			—			(409	)		—			—		—
Equity in other comprehensive income		(2,734	)		—			—			—			—			2,734		—
Amortization of deferred revenue		—			4,149			—			—			(4,149	)		—		—
Balance as of and for the period ended June 30, 2015	$	184,771		$	(346,491	)	$	(8,499	)	$	(409	)	$	(9,830	)	$	2,734	$	21,444

⁽¹⁾  Amount includes the per patron and per digital screen theatre access fees due to the Company, net of amounts due to NCM for on-screen advertising time provided to the Company’s beverage concessionaire of approximately $4,980.

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Selected Financial Information by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 799,932	$ 717,863	$ 1,445,330	$ 1,320,143
Theatre Properties and Equipment - net	1,484,389		1,484,389		$ 1,450,812
Reportable Geographical Components | U.S.
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	592,482	524,485	1,066,777	969,405
Theatre Properties and Equipment - net	1,142,382		1,142,382		1,094,076
Reportable Geographical Components | Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	84,320	97,501	162,613	172,900
Theatre Properties and Equipment - net	188,667		188,667		204,107
Reportable Geographical Components | Other foreign countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	127,185	99,380	223,225	184,173
Theatre Properties and Equipment - net	153,340		153,340		$ 152,629
Eliminations
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ (4,055)	$ (3,503)	$ (7,285)	$ (6,335)

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Computations of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Disclosure [Line Items]
Weighted average shares of participating unvested restricted stock	729	876	648	761

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Foreign Currency Translation

6 Months Ended

Jun. 30, 2015

Foreign Currency Translation

13. Foreign Currency Translation

The accumulated other comprehensive loss account in stockholders’ equity of $191,732 and $144,772 at June 30, 2015 and December 31, 2014, respectively, includes cumulative foreign currency adjustments of $193,977 and $147,930, respectively, from translating the financial statements of the Company’s international subsidiaries, and also includes the change in fair values of the Company’s interest rate swap agreements that are designated as hedges and the change in fair value of the Company’s available-for-sale securities.

All foreign countries where the Company has operations are non-highly inflationary, and the local currency is the same as the functional currency in all of the locations. Thus, any fluctuation in the currency results in a cumulative foreign currency translation adjustment recorded to accumulated other comprehensive loss.

Below is a summary of the impact of translating the June 30, 2015 financial statements of the Company’s international subsidiaries:

	Exchange Rate as of				Other Comprehensive Loss for The Six Months Ended
Country	June 30, 2015		December 31, 2014		June 30, 2015
Brazil		3.16		2.69	$	(33,827	)
Argentina		9.15		8.55		(5,057	)
Peru		3.26		3.05		(2,514	)
Colombia		2,585.1		2,392.4		(2,423	)
All other						(2,226	)
					$	(46,047	)