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

Capital Structure and Per Share Data (Tables)

12 Months Ended

Dec. 31, 2012

The following table illustrates the dilutive effect of such items on earnings per share for the years ended December 31, 2012, 2011 and 2010:


	Year Ended December 31, 2012
	Weighted Average Shares		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		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


	Year Ended December 31, 2011
	Weighted Average Shares		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		52,358	$	81,531				$	(5,277	)				$	76,254
Effect of participating securities:
Non-vested restricted stock and stock units				(1,056	)				—						(1,056	)

Basic earnings (loss) and shares		52,358	$	80,475		$	1.54	$	(5,277	)	$	(0.10	)	$	75,198		$	1.44
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)		12,517		9,093					207						9,300
Stock compensation plans		589

Diluted earnings (loss) and shares		65,464	$	89,568		$	1.37	$	(5,070	)	$	(0.08	)	$	84,498		$	1.29


	Year Ended December 31, 2010
	Weighted Average Shares		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		52,214	$	98,862				$	(8,933	)				$	89,929
Effect of participating securities:
Non-vested restricted stock and stock units				(950	)				—						(950	)

Basic earnings (loss) and shares		52,214	$	97,912		$	1.88	$	(8,933	)	$	(0.18	)	$	88,979		$	1.70
Effect of dilutive securities:
Contingently convertible debt (5.0% Convertible Notes)		12,890		8,765					288						9,053
Stock compensation plans		690

Diluted earnings (loss) and shares		65,794	$	106,677		$	1.62	$	(8,645	)	$	(0.13	)	$	98,032		$	1.49