5. 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, 2016 and 2015:


	Cinemark
	Holdings, Inc.
	Stockholders’			Noncontrolling			Total
	Equity			Interests			Equity
Balance at January 1, 2016	$	1,099,708		$	11,105		$	1,110,813
Share based awards compensation expense		7,660			—			7,660
Stock withholdings related to share based awards that vested during the six months ended June 30, 2016		(6,802	)		—			(6,802	)
Issuance of common stock related to restricted stock units that vested during the six months ended June 30, 2016		1			—			1
Tax benefit related to share based awards vesting		1,785			—			1,785
Dividends paid to stockholders ⁽¹⁾		(62,740	)		—			(62,740	)
Dividends accrued on unvested restricted stock unit awards ⁽¹⁾		(264	)		—			(264	)
Dividends paid to noncontrolling interests		—			(515	)		(515	)
Net income		112,431			983			113,414
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $138		234			—			234
Gain realized on available-for-sale securities, net of taxes of $1,180		(2,011	)		—			(2,011	)
Other comprehensive loss in equity method investees		(176	)		—			(176	)
Foreign currency translation adjustments		38,647			20			38,667

Balance at June 30, 2016	$	1,188,473		$	11,593		$	1,200,066


	Cinemark
	Holdings, Inc.
	Stockholders’			Noncontrolling			Total
	Equity			Interests			Equity
Balance at January 1, 2015	$	1,112,800		$	10,329		$	1,123,129
Share based awards compensation expense		6,475			—			6,475
Stock withholdings related to share based awards that vested during the six months ended June 30, 2015		(4,748	)		—			(4,748	)
Tax benefit related to share based awards vesting		2,244			—			2,244
Dividends paid to stockholders ⁽²⁾		(57,900	)		—			(57,900	)
Dividends accrued on unvested restricted stock unit awards ⁽²⁾		(200	)		—			(200	)
Dividends paid to noncontrolling interests		—			(294	)		(294	)
Net income		112,779			1,013			113,792
Fair value adjustments on interest rate swap agreements designated as hedges, net of settlements, net of taxes of $958		1,612			—			1,612
Fair value adjustments on available-for-sale securities, net of taxes of $236		412			—			412
Other comprehensive loss in equity method investees		(2,938	)		—			(2,938	)
Foreign currency translation adjustments		(46,047	)		—			(46,047	)

Balance at June 30, 2015	$	1,124,489		$	11,048		$	1,135,537

⁽¹⁾

The Company’s board of directors declared a cash dividend for the first quarter of 2016 in the amount of $0.27 per share of common stock payable to stockholders of record on June 8, 2016. The dividend was paid on June 22, 2016. The Company’s board of directors declared a cash dividend for the fourth quarter of 2015 in the amount of $0.27 per share of common stock payable to stockholders of record on March 7, 2016. The dividend was paid on March 18, 2016.

⁽²⁾

The Company’s board of directors declared a cash dividend for the first quarter of 2015 in the amount of $0.25 per share of common stock payable to stockholders of record on June 5, 2015. The dividend was paid on June 19, 2015. The Company’s board of directors declared a cash dividend for the fourth quarter of 2014 in the amount of $0.25 per share of common stock payable to stockholders of record on March 4, 2015. The dividend was paid on March 18, 2015.