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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Cinemark Holdings, Inc.

 

$

82,135

 

 

$

51,239

 

 

$

144,156

 

 

$

130,967

 

Earnings allocated to participating share-based awards (1)

 

 

(465

)

 

 

(263

)

 

 

(817

)

 

 

(620

)

Net income attributable to common stockholders

 

$

81,670

 

 

$

50,976

 

 

$

143,339

 

 

$

130,347

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common stock outstanding

 

 

116,091

 

 

 

115,785

 

 

 

115,988

 

 

 

115,707

 

Common equivalent shares for restricted stock units

 

 

177

 

 

 

287

 

 

 

250

 

 

 

313

 

Diluted

 

 

116,268

 

 

 

116,072

 

 

 

116,238

 

 

 

116,020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to common

   stockholders

 

$

0.70

 

 

$

0.44

 

 

$

1.23

 

 

$

1.12

 

Diluted earnings per share attributable to common

   stockholders

 

$

0.70

 

 

$

0.44

 

 

$

1.23

 

 

$

1.12

 

 

(1)

For the three months ended June 30, 2018 and 2017, a weighted average of approximately 676 and 605 shares of unvested restricted stock, respectively, were considered participating securities.  For the six months ended June 30, 2018 and 2017, a weighted average of approximately 663 and 552 shares of restricted stock, respectively, were considered participating securities.