XML 43 R37.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Summary of Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
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, 2013 and 2012:
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
|  | (In thousands, except per share data) |
Year Ended December 31, 2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues(1) |  | $ | 2,083,166 |  |  | $ | 2,202,436 |  |  | $ | 2,242,197 |  |  | $ | 2,315,369 |
Gross profit(1) |  | $ | 313,020 |  |  | $ | 323,806 |  |  | $ | 326,081 |  |  | $ | 338,700 |
Net income (loss)(2) |  | $ | 21,291 |  |  | $ | 8,916 |  |  | $ | 23,327 |  |  | $ | 28,084 |
Earnings (loss) per common share — Basic(2)(3) |  | $ | 0.40 |  |  | $ | 0.17 |  |  | $ | 0.44 |  |  | $ | 0.53 |
Earnings (loss) per common share — Diluted(2)(3) |  | $ | 0.40 |  |  | $ | 0.17 |  |  | $ | 0.44 |  |  | $ | 0.53 |
Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues(1) |  | $ | 1,927,066 |  |  | $ | 2,121,946 |  |  | $ | 2,127,721 |  |  | $ | 2,188,735 |
Gross profit(1) |  | $ | 303,754 |  |  | $ | 312,852 |  |  | $ | 304,428 |  |  | $ | 314,119 |
Net income (loss)(2) |  | $ | 20,498 |  |  | $ | 28,179 |  |  | $ | 10,042 |  |  | $ | 30,382 |
Earnings (loss) per common share — Basic(2)(3) |  | $ | 0.39 |  |  | $ | 0.53 |  |  | $ | 0.18 |  |  | $ | 0.55 |
Earnings (loss) per common share — Diluted(2)(3) |  | $ | 0.35 |  |  | $ | 0.47 |  |  | $ | 0.18 |  |  | $ | 0.55 |
Note: | Operations are subject to seasonal variations. The first quarter generally contributes less operating profits than the second, third and fourth quarters. Parts and service demand remains more stable throughout the year. Amounts presented may differ from amounts previously reported on Form 10-Q due to the classification of certain franchises in discontinued and continuing operations in accordance with “Presentation of Financial Statements” in the ASC (see Note 2).
(1) | Results are for continuing operations.
(2) | Results include both continuing operations and discontinued operations.
(3) | 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.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 + Details
Name: | us-gaap_ScheduleOfQuarterlyFinancialInformationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration