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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share

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

 

     Three Months Ended      Nine Months Ended  
     September 30,      September 30,  
     2016      2015      2016      2015  

Numerator:

           

Net income attributable to Cinemark Holdings, Inc.

   $ 65,655       $ 46,339       $ 178,086       $ 159,118   

Earnings allocated to participating share-based awards (1)

     (336      (304      (805      (938
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income attributable to common stockholders

   $ 65,319       $ 46,035       $ 177,281       $ 158,180   
  

 

 

    

 

 

    

 

 

    

 

 

 

Denominator (shares in thousands):

           

Basic weighted average common stock outstanding

     115,601         115,164         115,475         115,051   

Common equivalent shares for restricted stock units

     192         192         231         228   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted

     115,793         115,356         115,706         115,279   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic earnings per share attributable to common stockholders

   $ 0.56       $ 0.40       $ 1.53       $ 1.37   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted earnings per share attributable to common stockholders

   $ 0.56       $ 0.40       $ 1.53       $ 1.37   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)  For the three months ended September 30, 2016 and 2015, a weighted average of approximately 596 and 762 shares of unvested restricted stock, respectively, were considered participating securities. For the nine months ended September 30, 2016 and 2015, a weighted average of approximately 526 and 684 shares of unvested restricted stock, respectively, were considered participating securities.