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

Capital Structure and Per Share Data (Tables)

12 Months Ended

Dec. 31, 2013

The following table illustrates the dilutive effect of such items on earnings per share for the years ended December 31, 2013, 2012 and 2011:


	Year Ended December 31, 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		52,556	$	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) 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
			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