Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 
Fiscal year ended August 31,

 
2017
 
2016
 
2015
Numerator:
 
 
 
 
 
 
Net income
 
$
63,663

 
$
64,067

 
$
64,485


 
 

 
 

 
 

Denominator:
 
 

 
 

 
 

Weighted average common shares outstanding– basic
 
43,306

 
48,703

 
52,572

Effect of dilutive employee stock options and unvested RSUs
 
737

 
966

 
1,381

Weighted average common shares outstanding – diluted
 
44,043

 
49,669

 
53,953


 
 

 
 

 
 

Net income per common share – basic
 
$
1.47

 
$
1.32

 
$
1.23

Net income per common share – diluted
 
$
1.45

 
$
1.29

 
$
1.20


 
 

 
 

 
 

Anti-dilutive securities excluded (1)
 
1,154

 
615

 
342

_______________
(1)
Anti-dilutive securities consist of stock options and unvested RSUs that were not included in the computation of diluted earnings per share because either the exercise price of the options was greater than the average market price of the common stock or the total assumed proceeds under the treasury stock method resulted in negative incremental shares, and thus the inclusion would have been anti-dilutive.

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

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Other recent filings from the company include the following:

Sonic: Vice President Of Investor Relations - Jan. 16, 2018
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Sonic Corp. Just Filed Its Quarterly Report: Earnings Per ShareTh... - Jan. 8, 2018
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