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Per Share Data and Stockholders' Equity | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [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 options and shares under Sonic’s stock compensation plans and the 5.0% Convertible Senior Notes due 2029 (the “5.0% Convertible Notes”), which were extinguished in August 2012. Sonic’s non-vested restricted stock and certain of its non-vested restricted stock units contain rights to receive non-forfeitable dividends, and thus, are considered participating securities and are included in the two-class method of computing earnings per share. The following table illustrates the dilutive effect of such items on earnings per share for the third quarter and nine-month periods ended September 30, 2013 and 2012:
|  | Third Quarter Ended September 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 |  |  | 52,553 |  |  | $ | 24,702 |  |  |  |  |  |  | $ | (1,375 | ) |  |  |  |  |  | $ | 23,327 |  |  |  |  |
Effect of participating securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested restricted stock and stock units |  |  |  |  |  |  | (172 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (172 | ) |  |  |  |
Basic earnings (loss) and shares |  |  | 52,553 |  |  | $ | 24,530 |  |  | $ | 0.47 |  |  | $ | (1,375 | ) |  | $ | (0.03 | ) |  | $ | 23,155 |  |  | $ | 0.44 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation plans |  |  | 365 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted earnings (loss) and shares |  |  | 52,918 |  |  | $ | 24,530 |  |  | $ | 0.46 |  |  | $ | (1,375 | ) |  | $ | (0.02 | ) |  | $ | 23,155 |  |  | $ | 0.44 |
|  | Third Quarter Ended September 30, 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 |  |  | 55,069 |  |  | $ | 12,326 |  |  |  |  |  |  | $ | (2,284 | ) |  |  |  |  |  | $ | 10,042 |  |  |  |  |
Effect of participating securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested restricted stock and stock units |  |  |  |  |  |  | (182 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (182 | ) |  |  |  |
Basic earnings (loss) and shares |  |  | 55,069 |  |  | $ | 12,144 |  |  | $ | 0.22 |  |  | $ | (2,284 | ) |  | $ | (0.04 | ) |  | $ | 9,860 |  |  | $ | 0.18 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently convertible debt (5.0% Convertible Notes) |  |  | 3,534 |  |  |  | 618 |  |  |  |  |  |  |  | 2 |  |  |  |  |  |  |  | 620 |  |  |  |  |
Stock compensation plans |  |  | 408 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted earnings (loss) and shares |  |  | 59,011 |  |  | $ | 12,762 |  |  | $ | 0.22 |  |  | $ | (2,282 | ) |  | $ | (0.04 | ) |  | $ | 10,480 |  |  | $ | 0.18 |
|  | Nine Months Ended September 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 |  |  | 52,578 |  |  | $ | 55,117 |  |  |  |  |  |  | $ | (1,582 | ) |  |  |  |  |  | $ | 53,535 |  |  |  |  |
Effect of participating securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested restricted stock and stock units |  |  |  |  |  |  | (393 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (393 | ) |  |  |  |
Basic earnings (loss) and shares |  |  | 52,578 |  |  | $ | 54,724 |  |  | $ | 1.04 |  |  | $ | (1,582 | ) |  | $ | (0.03 | ) |  | $ | 53,142 |  |  | $ | 1.01 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock compensation plans |  |  | 352 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted earnings (loss) and shares |  |  | 52,930 |  |  | $ | 54,724 |  |  | $ | 1.03 |  |  | $ | (1,582 | ) |  | $ | (0.03 | ) |  | $ | 53,142 |  |  | $ | 1.00 |
|  | Nine Months Ended September 30, 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 |  |  | 53,302 |  |  | $ | 62,470 |  |  |  |  |  |  | $ | (3,751 | ) |  |  |  |  |  | $ | 58,719 |  |  |  |  |
Effect of participating securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Non-vested restricted stock and stock units |  |  |  |  |  |  | (949 | ) |  |  |  |  |  |  | — |  |  |  |  |  |  |  | (949 | ) |  |  |  |
Basic earnings (loss) and shares |  |  | 53,302 |  |  | $ | 61,521 |  |  | $ | 1.15 |  |  | $ | (3,751 | ) |  | $ | (0.07 | ) |  | $ | 57,770 |  |  | $ | 1.08 |
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingently convertible debt (5.0% Convertible Notes) |  |  | 8,563 |  |  |  | 4,599 |  |  |  |  |  |  |  | 82 |  |  |  |  |  |  |  | 4,681 |  |  |  |  |
Stock compensation plans |  |  | 435 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Diluted earnings (loss) and shares |  |  | 62,300 |  |  | $ | 66,120 |  |  | $ | 1.06 |  |  | $ | (3,669 | ) |  | $ | (0.06 | ) |  | $ | 62,451 |  |  | $ | 1.00 |
In addition to the stock options included in the table above, options to purchase approximately 0.9 million shares and 1.3 million shares of Class A common stock were outstanding at September 30, 2013 and September 30, 2012, respectively, but were not included in the computation of diluted earnings per share because the options were not dilutive.

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