Sonic Automotive, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Per Share Data and Stockholders' Equity (Tables)

Per Share Data and Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Dilutive Effect on Earnings Per Share

The following table illustrates the dilutive effect of such items on earnings per share for the second quarter and six-month periods ended June 30, 2014 and 2013:


		Second Quarter Ended June 30, 2014
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued Operations								Net Income (Loss)
		Weighted Average Shares				Amount				Per Share Amount				Amount				Per Share Amount				Amount				Per Share Amount
		(In thousands, except per share amounts)
Earnings (loss) and shares			52,514			$	27,061							$	(68	)						$	26,993
Effect of participating securities:
Non-vested restricted stock and restricted stock units							(87	)							—								(87	)

Basic earnings (loss) and shares			52,514			$	26,974			$	0.51			$	(68	)		$	—			$	26,906			$	0.51
Effect of dilutive securities:
Stock compensation plans			416

Diluted earnings (loss) and shares			52,930			$	26,974			$	0.51			$	(68	)		$	—			$	26,906			$	0.51


		Second Quarter Ended June 30, 2013
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued Operations								Net Income (Loss)
		Weighted Average Shares				Amount				Per Share Amount				Amount				Per Share Amount				Amount				Per Share Amount
		(In thousands, except per share amounts)
Earnings (loss) and shares			52,597			$	8,717							$	199							$	8,916
Effect of participating securities:
Non-vested restricted stock and restricted stock units							(63	)							—								(63	)

Basic earnings (loss) and shares			52,597			$	8,654			$	0.16			$	199			$	0.01			$	8,853			$	0.17
Effect of dilutive securities:
Stock compensation plans			345

Diluted earnings (loss) and shares			52,942			$	8,654			$	0.16			$	199			$	0.01			$	8,853			$	0.17


		Six Months Ended June 30, 2014
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued Operations								Net Income (Loss)
		Weighted Average Shares				Amount				Per Share Amount				Amount				Per Share Amount				Amount				Per Share Amount
		(In thousands, except per share amounts)
Earnings (loss) and shares			52,466			$	47,045							$	(666	)						$	46,379
Effect of participating securities:
Non-vested restricted stock and restricted stock units							(151	)							—								(151	)

Basic earnings (loss) and shares			52,466			$	46,894			$	0.89			$	(666	)		$	(0.01	)		$	46,228			$	0.88
Effect of dilutive securities:
Stock compensation plans			472

Diluted earnings (loss) and shares			52,938			$	46,894			$	0.89			$	(666	)		$	(0.02	)		$	46,228			$	0.87


		Six Months Ended June 30, 2013
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued Operations								Net Income (Loss)
		Weighted Average Shares				Amount				Per Share Amount				Amount				Per Share Amount				Amount				Per Share Amount
		(In thousands, except per share amounts)
Earnings (loss) and shares			52,591			$	30,415							$	(208	)						$	30,207
Effect of participating securities:
Non-vested restricted stock and restricted stock units							(229	)							—								(229	)

Basic earnings (loss) and shares			52,591			$	30,186			$	0.57			$	(208	)		$	—			$	29,978			$	0.57
Effect of dilutive securities:
Stock compensation plans			346

Diluted earnings (loss) and shares			52,937			$	30,186			$	0.57			$	(208	)		$	—			$	29,978			$	0.57