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, 2018 and 2017:

	Cinemark
	Holdings, Inc.
	Stockholders’			Noncontrolling		Total
	Equity			Interests		Equity
Balance at January 1, 2018	$	1,393,795		$	11,893	$	1,405,688
Cumulative effect of change in accounting principle, net of taxes of $13,079 (see Note 3)		40,526			—		40,526
Share based awards compensation expense		6,878			—		6,878
Stock withholdings related to share based awards that vested during the six months ended June 30, 2018		(2,905	)		—		(2,905	)
Dividends paid to stockholders ⁽¹⁾		(74,723	)		—		(74,723	)
Dividends accrued on unvested restricted stock unit awards ⁽¹⁾		(271	)		—		(271	)
Net income		144,156			485		144,641
Other comprehensive income in equity method investees		20			—		20
Foreign currency translation adjustments		(56,044	)		—		(56,044	)
Balance at June 30, 2018	$	1,451,432		$	12,378	$	1,463,810

(1)

The Company’s board of directors declared a cash dividend for the fourth quarter of 2017 in the amount of $0.32 per share of common stock payable to stockholders of record on March 8, 2018. The dividend was paid on March 22, 2018. The Company’s board of directors declared a cash dividend for the first quarter of 2018 in the amount of $0.32 per share of common stock payable to stockholders of record on June 8, 2018. The dividend was paid on June 22, 2018.

	Cinemark
	Holdings, Inc.
	Stockholders’			Noncontrolling			Total
	Equity			Interests			Equity
Balance at January 1, 2017	$	1,261,818		$	11,142		$	1,272,960
Share based awards compensation expense		6,444		―				6,444
Stock withholdings related to share based awards that vested during the six months ended June 30, 2017		(2,921	)	―				(2,921	)
Dividends paid to stockholders ⁽²⁾		(67,528	)	―				(67,528	)
Dividends accrued on unvested restricted stock unit awards ⁽²⁾		(288	)	―				(288	)
Dividends paid to noncontrolling interests	―				(294	)		(294	)
Net income		130,967			1,037			132,004
Other comprehensive income in equity method investees		103		―				103
Foreign currency translation adjustments		(5,059	)	―				(5,059	)
Balance at June 30, 2017	$	1,323,536		$	11,885		$	1,335,421

(2)

The Company’s board of directors declared a cash dividend for the fourth quarter of 2016 in the amount of $0.29 per share of common stock payable to stockholders of record on March 8, 2017. The dividend was paid on March 20, 2017. The Company’s board of directors declared a cash dividend for the first quarter of 2017 in the amount of $0.29 per share of common stock payable to stockholders of record on June 8, 2017. The dividend was paid on June 22, 2017.