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Equity
3 Months Ended
Mar. 31, 2014
Equity
6. Equity

Below is a summary of changes in stockholders’ equity attributable to Cinemark Holdings, Inc., noncontrolling interests and total equity for the three months ended March 31, 2014 and 2013:

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

Balance at January 1, 2014

$ 1,093,422 $ 8,995 $ 1,102,417

Share based awards compensation expense

3,523 3,523

Stock withholdings related to share based awards that vested during the three months ended March 31, 2014

(9,776 ) (9,776 )

Exercise of stock options

112 112

Tax benefit related to share based awards vesting

3,518 3,518

Dividends paid to stockholders (1)

(28,845 ) (28,845 )

Dividends accrued on unvested restricted stock unit awards (1)

(171 ) (171 )

Net income

35,443 253 35,696

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $368

497 497

Fair value adjustments on available-for-sale securities, net of taxes of $1,192

2,023 2,023

Other comprehensive income in equity method investees

262 262

Foreign currency translation adjustments

(9,195 ) 6 (9,189 )

Balance at March 31, 2014

$ 1,090,813 $ 9,254 $ 1,100,067

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

Balance at January 1, 2013

$ 1,084,065 $ 10,919 $ 1,094,984

Share based awards compensation expense

3,450 3,450

Stock withholdings related to share based awards that vested during the three months ended March 31, 2013

(3,254 ) (3,254 )

Exercise of stock options

6 6

Tax benefit related to share based awards vesting

3,452 3,452

Dividends paid to stockholders (2)

(24,148 ) (24,148 )

Dividends accrued on unvested restricted stock unit awards (2)

(177 ) (177 )

Dividends paid to noncontrolling interests

(110 ) (110 )

Net income

32,594 468 33,062

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $428

776 776

Fair value adjustments on available-for-sale securities, net of taxes of $833

1,356 1,356

Foreign currency translation adjustments

1,542 44 1,586

Balance at March 31, 2013

$ 1,099,662 $ 11,321 $ 1,110,983

(1) 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.
(2) On February 12, 2013, the Company’s board of directors declared a cash dividend for the fourth quarter of 2012 in the amount of $0.21 per share of common stock payable to stockholders of record on March 4, 2013. The dividend was paid on March 15, 2013.