XML 42 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity (Tables)
6 Months Ended
Jun. 30, 2014
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, 2014 and 2013:

 

     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 restricted stock and restricted stock units that vested during the six months ended June 30, 2014

     (9,776     —          (9,776

Exercise of stock options

     112        —          112   

Tax benefit related to restricted stock and restricted stock unit vesting

     3,561        —          3,561   

Dividends paid to stockholders (1)

     (57,772     —          (57,772

Dividends accrued on unvested restricted stock unit awards (1)

     (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   
  

 

 

   

 

 

   

 

 

 

 

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

Balance at January 1, 2013

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

Share based awards compensation expense

     6,788        —          6,788   

Stock withholdings related to restricted stock and restricted stock units that vested during the six months ended June 30, 2013

     (3,464     —          (3,464

Exercise of stock options

     58        —          58   

Tax benefit related to restricted stock and restricted stock unit vesting

     3,489        —          3,489   

Dividends paid to stockholders (2)

     (48,364     —          (48,364

Dividends accrued on unvested restricted stock unit awards (2)

     (310     —          (310

Dividends paid to noncontrolling interests

     —          (184     (184

Net income

     52,859        1,040        53,899   

Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $1,391

     2,366        —          2,366   

Fair value adjustments on available-for-sale securities, net of taxes of $1,249

     2,041        —          2,041   

Other comprehensive income in equity method investees

     1,678        —          1,678   

Foreign currency translation adjustments

     (39,126     (115     (39,241
  

 

 

   

 

 

   

 

 

 

Balance at June 30, 2013

   $ 1,062,080      $ 11,660      $ 1,073,740   
  

 

 

   

 

 

   

 

 

 

 

(1)  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.
(2)  On May 24, 2013 the Company’s board of directors declared a cash dividend for the first quarter of 2013 in the amount of $0.21 per share of common stock payable to stockholders of record on June 6, 2013. The dividend was paid on June 20, 2013. 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.