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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
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,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Cinemark Holdings, Inc.

 

$

100,971

 

 

$

82,135

 

 

$

133,699

 

 

$

144,156

 

Earnings allocated to participating share-based awards (1)

 

 

(656

)

 

 

(465

)

 

 

(779

)

 

 

(817

)

Net income attributable to common stockholders

 

$

100,315

 

 

$

81,670

 

 

$

132,920

 

 

$

143,339

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Denominator (shares in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic weighted average common stock outstanding

 

 

116,325

 

 

 

116,091

 

 

 

116,253

 

 

 

115,988

 

Common equivalent shares for restricted stock units

 

 

223

 

 

 

177

 

 

 

271

 

 

 

250

 

Diluted common equivalent shares

 

 

116,548

 

 

 

116,268

 

 

 

116,524

 

 

 

116,238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share attributable to common stockholders

 

$

0.86

 

 

$

0.70

 

 

$

1.14

 

 

$

1.23

 

Diluted earnings per share attributable to common stockholders

 

$

0.86

 

 

$

0.70

 

 

$

1.14

 

 

$

1.23

 

 

(1)

For the three months ended June 30, 2019 and 2018, a weighted average of approximately 763 and 676 shares of restricted stock, respectively, were considered participating securities.  For the six months ended June 30, 2019 and 2018, a weighted average of approximately 685 and 663 shares of restricted stock, respectively, were considered participating securities.