Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

Earnings Per Share

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

	Year Ended
	December 31,
	2019			2020			2021
Numerator:
Net income (loss) attributable to Cinemark Holdings, Inc.	$	191,386		$	(616,828	)	$	(422,783	)
(Earnings) loss allocated to participating share-based awards (1)		(1,174	)		4,279			6,058
Net income (loss) attributable to common stockholders	$	190,212		$	(612,549	)	$	(416,725	)
Denominator (shares in thousands):
Basic weighted average shares outstanding		116,306			116,667			117,250
Common equivalent shares for restricted stock units (2)		300			—			—
Common equivalent shares for convertible notes and warrants (3)		—			—			—
Diluted weighted average shares outstanding		116,606			116,667			117,250
Basic earnings (loss) per share attributable to common stockholders	$	1.63		$	(5.25	)	$	(3.55	)
Diluted earnings (loss) per share attributable to common stockholders	$	1.63		$	(5.25	)	$	(3.55	)

(1)For the years ended December 31, 2019, 2020 and 2021, a weighted average of approximately 721 shares, 815 shares and 1,704 shares, of unvested restricted stock, respectively, are considered participating securities.

(2)For the years ended December 31, 2020 and 2021, approximately 682 and 4 common equivalent shares for restricted stock units were excluded because they were anti-dilutive.

(3)For the years ended December 31, 2020 and 2021, diluted loss per share excludes the conversion of the 4.500% Convertible Senior Notes into 32,051 shares of common stock, as well as outstanding warrants, as they would be anti-dilutive. See further discussion below.