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Per Share Data and Stockholders' Equity | 6 Months Ended
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Jun. 30, 2011
Per Share Data and Stockholders' Equity [Abstract] |
Per Share Data and Stockholders' Equity | 7. Per Share Data and Stockholders’ Equity The calculation of diluted earnings per share considers the potential dilutive effect of Sonic’s contingently convertible debt issuances and stock options to purchase shares of Class A common stock under several equity compensation plans. 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, 2011 and 2010:
|  | For the Second Quarter Ended June 30, 2011 |
|  |  |  |  |  | Income |  |  | Loss |  |  |  |
|  |  |  |  |  | From Continuing |  |  | From Discontinued |  |  |  |
|  |  |  |  |  | Operations |  | Operations |  | Net Income
|  | Weighted |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |
|  | Average Shares |  | Amount |  | Share Amount |  | Amount |  | Share Amount |  | Amount |  | Share Amount
|  | (In thousands, except per share amounts) |
Earnings (Loss) and Shares |  |  | 52,461 |  |  | $ | 22,151 |  |  |  |  |  |  | $ | (800 | ) |  |  |  |  |  | $ | 21,351 |  |  |  |  |
Effect of Participating Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock and Stock Units |  |  | — |  |  |  | (291 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (291 | ) |  |  |  |
Basic Earnings (Loss) and Shares |  |  | 52,461 |  |  | $ | 21,860 |  |  | $ | 0.42 |  |  | $ | (800 | ) |  | $ | (0.02 | ) |  | $ | 21,060 |  |  | $ | 0.40 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently Convertible Debt ( 5.0% Convertible Notes) |  |  | 12,890 |  |  |  | 2,294 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | 2,294 |  |  |  |  |
Stock Compensation Plans |  |  | 585 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted Earnings (Loss) and Shares |  |  | 65,936 |  |  | $ | 24,154 |  |  | $ | 0.37 |  |  | $ | (800 | ) |  | $ | (0.02 | ) |  | $ | 23,354 |  |  | $ | 0.35 |
|  | For the Second Quarter Ended June 30, 2010
|  |  |  |  |  | Income |  |  | Loss |  |  |  |
|  |  |  |  |  | From Continuing |  |  | From Discontinued |  |  |  |
|  |  |  |  |  | Operations |  | Operations |  | Net Income
|  | Weighted |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |
|  | Average Shares |  | Amount |  | Share Amount |  | Amount |  | Share Amount |  | Amount |  | Share Amount
|  | (In thousands, except per share amounts) |
Earnings (Loss) and Shares |  |  | 52,249 |  |  | $ | 9,592 |  |  |  |  |  |  | $ | (1,156 | ) |  |  |  |  |  | $ | 8,436 |  |  |  |  |
Effect of Participating Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock and Stock Units |  |  | — |  |  |  | (94 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (94 | ) |  |  |  |
Basic Earnings (Loss) and Shares |  |  | 52,249 |  |  | $ | 9,498 |  |  | $ | 0.18 |  |  | $ | (1,156 | ) |  | $ | (0.02 | ) |  | $ | 8,342 |  |  | $ | 0.16 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently Convertible Debt ( 5.0% Convertible Notes) |  |  | 12,890 |  |  |  | 2,128 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | 2,128 |  |  |  |  |
Stock Compensation Plans |  |  | 668 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted Earnings (Loss) and Shares |  |  | 65,807 |  |  | $ | 11,626 |  |  | $ | 0.18 |  |  | $ | (1,156 | ) |  | $ | (0.02 | ) |  | $ | 10,470 |  |  | $ | 0.16 |
|  | For the Six Months Ended June 30, 2011
|  |  |  |  |  | Income |  |  | Loss |  |  |  |
|  |  |  |  |  | From Continuing |  |  | From Discontinued |  |  |  |
|  |  |  |  |  | Operations |  | Operations |  | Net Income
|  | Weighted |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |
|  | Average |  |  |  |  |  |  | Share |  |  |  |  |  |  | Share |  |  |  |  |  |  | Share |
|  | Shares |  | Amount |  | Amount |  | Amount |  | Amount |  | Amount |  | Amount
|  |  |  |  |  | (In thousands, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings (Loss) and Shares |  |  | 52,438 |  |  | $ | 37,942 |  |  |  |  |  |  | $ | (1,627 | ) |  |  |  |  |  | $ | 36,315 |  |  |  |  |
Effect of Participating Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
and Stock Units |  |  | — |  |  |  | (498 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (498 | ) |  |  |  |
Basic Earnings (Loss) and Shares |  |  | 52,438 |  |  | $ | 37,444 |  |  | $ | 0.71 |  |  | $ | (1,627 | ) |  | $ | (0.03 | ) |  | $ | 35,817 |  |  | $ | 0.68 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently Convertible |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt ( 5.0% Convertible Notes) |  |  | 12,890 |  |  |  | 4,604 |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  | 4,604 |  |  |  |  |
Stock Compensation Plans |  |  | 615 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted Earnings (Loss) and Shares |  |  | 65,943 |  |  | $ | 42,048 |  |  | $ | 0.64 |  |  | $ | (1,627 | ) |  | $ | (0.03 | ) |  | $ | 40,421 |  |  | $ | 0.61 |
|  | For the Six Months Ended June 30, 2010
|  |  |  |  |  | Income |  |  | Loss |  |  |  |
|  |  |  |  |  | From Continuing |  |  | From Discontinued |  |  |  |
|  |  |  |  |  | Operations |  | Operations |  | Net Income
|  | Weighted |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |  |  |  |  |  |  | Per |
|  | Average |  |  |  |  |  |  | Share |  |  |  |  |  |  | Share |  |  |  |  |  |  | Share |
|  | Shares |  | Amount |  | Amount |  | Amount |  | Amount |  | Amount |  | Amount
|  |  |  |  |  | (In thousands, except per share amounts) |  |  |  |  |  |  |  |  |
Earnings (Loss) and Shares |  |  | 52,070 |  |  | $ | 16,158 |  |  |  |  |  |  | $ | (3,568 | ) |  |  |  |  |  | $ | 12,590 |  |  |  |  |
Effect of Participating Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested Restricted Stock and Stock Units |  |  | — |  |  |  | (160 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (160 | ) |  |  |  |
Basic Earnings (Loss) and Shares |  |  | 52,070 |  |  | $ | 15,998 |  |  | $ | 0.31 |  |  | $ | (3,568 | ) |  | $ | (0.07 | ) |  | $ | 12,430 |  |  | $ | 0.24 |
Effect of Dilutive Securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock Compensation Plans |  |  | 679 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted Earnings (Loss) and Shares |  |  | 52,749 |  |  | $ | 15,998 |  |  | $ | 0.30 |  |  | $ | (3,568 | ) |  | $ | (0.06 | ) |  | $ | 12,430 |  |  | $ | 0.24 |
In addition to the stock options included in the table above, options to purchase approximately 2.2 million shares and 2.3 million shares of Class A common stock were outstanding at June 30, 2011 and June 30, 2010, respectively, but were not included in the computation of diluted earnings per share because the options were not dilutive. In addition, in the event the effect of potentially dilutive shares associated with any of Sonic’s convertible notes were anti-dilutive, the effect of those shares have also been excluded from the computation of diluted earnings per share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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