Sonic Automotive, Inc. Annual report pursuant to Section 13 and 15(d)

Capital Structure and Per Share Data (Tables)

12 Months Ended

Dec. 31, 2014

The following table illustrates the dilutive effect of such items on earnings per share for the years ended December 31, 2014, 2013 and 2012:


	Year Ended December 31, 2014
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
	(In thousands, except per share amounts)

Earnings (loss) and shares		52,065	$	98,559				$	(1,342	)				$	97,217
Effect of participating securities:
Non-vested restricted stock
and stock units				(311	)				-						(311	)
Basic earnings (loss) and shares		52,065	$	98,248		$	1.89	$	(1,342	)	$	(0.03	)	$	96,906		$	1.86
Effect of dilutive securities:
Stock compensation plans		498
Diluted earnings (loss) and shares		52,563	$	98,248		$	1.87	$	(1,342	)	$	(0.03	)	$	96,906		$	1.84


	Year Ended December 31, 2013
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
	(In thousands, except per share amounts)

Earnings (loss) and shares		52,556	$	84,678				$	(3,060	)				$	81,618
Effect of participating securities:
Non-vested restricted stock
and stock units				(601	)				-						(601	)
Basic earnings (loss) and shares		52,556	$	84,077		$	1.60	$	(3,060	)	$	(0.06	)	$	81,017		$	1.54
Effect of dilutive securities:
Stock compensation plans		385
Diluted earnings (loss) and shares		52,941	$	84,077		$	1.59	$	(3,060	)	$	(0.06	)	$	81,017		$	1.53


	Year Ended December 31, 2012
			Income (Loss)					Income (Loss)
			From Continuing					From Discontinued
			Operations					Operations						Net Income (Loss)
	Weighted					Per					Per						Per
	Average					Share					Share						Share
	Shares		Amount			Amount		Amount			Amount			Amount			Amount
	(In thousands, except per share amounts)

Earnings (loss) and shares		53,550	$	91,261				$	(2,160	)				$	89,101
Effect of participating securities:
Non-vested restricted stock
and stock units				(1,381	)				-						(1,381	)
Basic earnings (loss) and shares		53,550	$	89,880		$	1.68	$	(2,160	)	$	(0.04	)	$	87,720		$	1.64
Effect of dilutive securities:
Contingently convertible
debt (5.0% Convertible Notes)		6,411		4,617					64						4,681
Stock compensation plans		445
Diluted earnings (loss) and shares		60,406	$	94,497		$	1.56	$	(2,096	)	$	(0.03	)	$	92,401		$	1.53