Annual report pursuant to Section 13 and 15(d)

Summary of Quarterly Financial Data (Unaudited) (Tables)

v3.8.0.1
Summary of Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Consolidated Statements of Income by Quarter

The following table summarizes Sonic’s results of operations as presented in the accompanying consolidated statements of income by quarter for 2017 and 2016:  

 

 

 

First

Quarter

 

 

Second

Quarter

 

 

Third

Quarter

 

 

Fourth

Quarter

 

 

 

(In thousands, except per share data)

 

Year Ended December 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues (1)

 

$

2,287,822

 

 

$

2,405,746

 

 

$

2,505,701

 

 

$

2,667,939

 

Gross profit (1)

 

$

350,346

 

 

$

360,618

 

 

$

362,622

 

 

$

384,090

 

Net income (loss) (2)

 

$

(541

)

 

$

12,132

 

 

$

19,440

 

 

$

61,952

 

Earnings (loss) per common share - Basic (2) (3)

 

$

(0.01

)

 

$

0.27

 

 

$

0.45

 

 

$

1.43

 

Earnings (loss) per common share - Diluted (2) (3)

 

$

(0.01

)

 

$

0.27

 

 

$

0.44

 

 

$

1.42

 

Year Ended December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total revenues (1)

 

$

2,234,626

 

 

$

2,382,312

 

 

$

2,557,928

 

 

$

2,556,913

 

Gross profit (1)

 

$

345,150

 

 

$

353,305

 

 

$

359,085

 

 

$

371,734

 

Net income (loss) (2)

 

$

14,624

 

 

$

22,822

 

 

$

18,111

 

 

$

37,636

 

Earnings (loss) per common share - Basic (2) (3)

 

$

0.31

 

 

$

0.50

 

 

$

0.40

 

 

$

0.84

 

Earnings (loss) per common share - Diluted (2) (3)

 

$

0.31

 

 

$

0.50

 

 

$

0.40

 

 

$

0.83

 

 

(1)

Results are for continuing operations.

(2)

Results include both continuing operations and discontinued operations.

(3)

The sum of net income per common share for the quarters may not equal the full year amount due to weighted average common shares being calculated on a quarterly versus annual basis.