Equity

6 Months Ended

Jun. 30, 2011

6. 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, 2011 and 2010:


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

Balance at January 1, 2011	$	1,021,547		$	11,605		$	1,033,152

Purchase of noncontrolling interests’ share of Chile subsidiary		(917	)		(526	)		(1,443	)
Share based awards compensation expense		4,572			—			4,572
Stock withholdings related to restricted stock that vested during the six months ended June 30, 2011		(494	)		—			(494	)
Exercise of stock options		445			—			445
Tax benefit related to stock option exercises and restricted stock vesting		910			—			910
Dividends paid to stockholders ⁽¹⁾		(47,873	)		—			(47,873	)
Dividends accrued on unvested restricted stock unit awards ⁽¹⁾		(334	)		—			(334	)
Dividends paid to noncontrolling interests		—			(1,101	)		(1,101	)
Write-off of accumulated other comprehensive loss related to cash flow hedges, net of taxes of $723		2,037			—			2,037
Comprehensive income:
Net income		65,374			957			66,331
Fair value adjustments on interest rate swap agreements, net of taxes of $292		(1,030	)		—			(1,030	)
Amortization of accumulated other comprehensive loss on terminated swap agreement		2,259			—			2,259
Fair value adjustments on available-for-sale securities, net of taxes of $1,082		(1,720	)		—			(1,720	)
Foreign currency translation adjustment		23,232			148			23,380

Total comprehensive income		88,115			1,105			89,220

Balance at June 30, 2011	$	1,068,008		$	11,083		$	1,079,091


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

Balance at January 1, 2010	$	899,832		$	14,796		$	914,628

Columbia Share Exchange		5,865			(5,865	)		—
Share based awards compensation expense		3,254			—			3,254
Stock withholdings related to restricted stock that vested during the six months ended June 30, 2010		(299	)		—			(299	)
Exercise of stock options, net of stock withholdings		5,367			—			5,367
Tax benefit related to stock option exercises		1,904			—			1,904
Dividends paid to stockholders ⁽²⁾		(40,255	)		—			(40,255	)
Dividends accrued on unvested restricted stock unit awards ⁽²⁾		(162	)		—			(162	)
Dividends paid to noncontrolling interests		—			(110	)		(110	)
Comprehensive income:
Net income		74,775			2,695			77,470
Fair value adjustments on interest rate swap agreements, net of taxes of $276		(456	)		—			(456	)
Amortization of accumulated other comprehensive loss on terminated swap agreement		2,317			—			2,317
Foreign currency translation adjustment		(3,686	)		(38	)		(3,724	)

Total comprehensive income		72,950			2,657			75,607

Balance at June 30, 2010	$	948,456		$	11,478		$	959,934


⁽¹⁾		On May 12, 2011, the Company’s board of directors declared a cash dividend for the first quarter of 2011 in the amount of $0.21 per share of common stock payable to stockholders of record on June 6, 2011. The dividend was paid on June 17, 2011 in the total amount of $23,976. On February 24, 2011, the Company’s board of directors declared a cash dividend for the fourth quarter of 2010 in the amount of $0.21 per share of common stock payable to stockholders of record on March 4, 2011. The dividend was paid on March 16, 2011 in the total amount of $23,897.

⁽²⁾		On May 13, 2010, the Company’s board of directors declared a cash dividend for the first quarter of 2010 in the amount of $0.18 per share of common stock payable to stockholders of record on June 4, 2010. The dividend was paid on June 18, 2010 in the total amount of $20,209. On February 25, 2010, the Company’s board of directors declared a cash dividend for the fourth quarter of 2009 in the amount of $0.18 per share of common stock payable to stockholders of record on March 5, 2010. The dividend was paid on March 19, 2010 in the total amount of $20,046.