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, 2012

Per Share Data and Stockholders' Equity [Abstract]

Dilutive effect on earnings per share


		Second Quarter Ended June 30, 2012
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued 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			52,593			$	27,533							$	646							$	28,179
Effect of participating securities:
Non-vested restricted stock and stock units							(429	)							—								(429	)

Basic earnings (loss) and shares			52,593			$	27,104			$	0.52			$	646			$	0.01			$	27,750			$	0.53
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)			10,535				1,889								—								1,889
Stock compensation plans			378

Diluted earnings (loss) and shares			63,506			$	28,993			$	0.46			$	646			$	0.01			$	29,639			$	0.47


		Second Quarter Ended June 30, 2011
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued 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			52,461			$	22,994							$	(1,643	)						$	21,351
Effect of participating securities:
Non-vested restricted stock and stock units							(302	)							—								(302	)

Basic earnings (loss) and shares			52,461			$	22,692			$	0.43			$	(1,643	)		$	(0.03	)		$	21,049			$	0.40
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)			12,890				2,280								14								2,294
Stock compensation plans			585

Diluted earnings (loss) and shares			65,936			$	24,972			$	0.38			$	(1,629	)		$	(0.03	)		$	23,343			$	0.35


		Six Months Ended June 30, 2012
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued 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			52,409			$	47,001							$	1,676							$	48,677
Effect of participating securities:
Non-vested restricted stock and stock units							(729	)							—								(729	)

Basic earnings (loss) and shares			52,409			$	46,272			$	0.88			$	1,676			$	0.03			$	47,948			$	0.91
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)			11,106				4,056								5								4,061
Stock compensation plans			448

Diluted earnings (loss) and shares			63,963			$	50,328			$	0.79			$	1,681			$	0.02			$	52,009			$	0.81


		Six Months Ended June 30, 2011
						Income (Loss) From Continuing Operations								Income (Loss) From Discontinued 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			52,438			$	38,679							$	(2,364	)						$	36,315
Effect of participating securities:
Non-vested restricted stock and stock units							(508	)							—								(508	)

Basic earnings (loss) and shares			52,438			$	38,171			$	0.73			$	(2,364	)		$	(0.05	)		$	35,807			$	0.68
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)			12,890				4,576								28								4,604
Stock compensation plans			615

Diluted earnings (loss) and shares			65,943			$	42,747			$	0.65			$	(2,336	)		$	(0.04	)		$	40,411			$	0.61