Sonic Automotive Just Filed Its Quarterly Report: The following tab...


The following table illustrates the dilutive effect of such items on earnings per share for the second quarter and six-month periods ended June 30, 2014 and 2013:

 

     Second Quarter Ended June 30, 2014  
            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

     52,514       $ 27,061         $ (68      $ 26,993     

Effect of participating securities:

                 

Non-vested restricted stock and restricted stock units

        (87        —             (87  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Basic earnings (loss) and shares

     52,514       $ 26,974      $ 0.51       $ (68   $ —         $ 26,906      $ 0.51   

Effect of dilutive securities:

                 

Stock compensation plans

     416                  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

Diluted earnings (loss) and shares

     52,930       $ 26,974      $ 0.51       $ (68   $ —         $ 26,906      $ 0.51   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

    

 

 

   

 

 

 

 

     Second Quarter Ended June 30, 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

     52,597       $ 8,717         $ 199          $ 8,916     

Effect of participating securities:

                  

Non-vested restricted stock and restricted stock units

        (63        —              (63  
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Basic earnings (loss) and shares

     52,597       $ 8,654      $ 0.16       $ 199       $ 0.01       $ 8,853      $ 0.17   

Effect of dilutive securities:

                  

Stock compensation plans

     345                   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

Diluted earnings (loss) and shares

     52,942       $ 8,654      $ 0.16       $ 199       $ 0.01       $ 8,853      $ 0.17   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

   

 

 

 

 

     Six Months Ended June 30, 2014  
            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

     52,466       $ 47,045         $ (666     $ 46,379     

Effect of participating securities:

                

Non-vested restricted stock and restricted stock units

        (151        —            (151  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings (loss) and shares

     52,466       $ 46,894      $ 0.89       $ (666   $ (0.01   $ 46,228      $ 0.88   

Effect of dilutive securities:

                

Stock compensation plans

     472                 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) and shares

     52,938       $ 46,894      $ 0.89       $ (666   $ (0.02   $ 46,228      $ 0.87   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

 

     Six Months Ended June 30, 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

     52,591       $ 30,415         $ (208     $ 30,207     

Effect of participating securities:

                

Non-vested restricted stock and restricted stock units

        (229        —            (229  
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Basic earnings (loss) and shares

     52,591       $ 30,186      $ 0.57       $ (208   $ —        $ 29,978      $ 0.57   

Effect of dilutive securities:

                

Stock compensation plans

     346                 
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) and shares

     52,937       $ 30,186      $ 0.57       $ (208   $    —        $ 29,978      $ 0.57   
  

 

 

    

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

 

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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