| 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 the years ended December 31, 2016 and 2015:
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First
Quarter
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Second
Quarter
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Third
Quarter
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Fourth
Quarter
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(In thousands, except per share data)
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Year Ended December 31, 2016
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Total revenues (1)
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$
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2,234,626
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$
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2,382,312
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$
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2,557,928
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$
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2,556,913
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Gross profit (1)
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$
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345,150
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$
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353,305
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$
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359,085
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$
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371,734
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Net income (loss) (2)
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$
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14,624
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$
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22,822
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$
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18,111
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$
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37,636
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Earnings (loss) per common share - Basic (2) (3)
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$
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0.31
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$
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0.50
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$
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0.40
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$
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0.84
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Earnings (loss) per common share - Diluted (2) (3)
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$
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0.31
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$
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0.50
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$
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0.40
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$
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0.83
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Year Ended December 31, 2015
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Total revenues (1)
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$
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2,235,516
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$
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2,423,740
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$
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2,494,408
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$
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2,470,635
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Gross profit (1)
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$
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334,959
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$
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355,554
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$
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360,251
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$
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363,848
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Net income (loss) (2)
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$
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13,967
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$
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14,781
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$
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26,505
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$
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31,058
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Earnings (loss) per common share - Basic (2) (3)
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$
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0.27
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$
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0.29
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$
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0.53
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$
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0.62
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Earnings (loss) per common share - Diluted (2) (3)
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$
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0.27
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$
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0.29
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$
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0.52
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$
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0.62
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(1)
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Results are for continuing operations.
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(2)
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Results include both continuing operations and discontinued operations.
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(3)
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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.
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