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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Sonic Corp. (delisted) | NASDAQ:SONC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 43.49 | 43.01 | 43.50 | 0 | 01:00:00 |
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Financial Statements
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Supplemental Schedules
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/s/ KPMG LLP
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Oklahoma City, Oklahoma
June 23, 2017
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Sonic Corp. Savings and Profit Sharing Plan
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Statements of Net Assets Available for Benefits
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December 31,
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2016
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2015
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Investments, at fair value
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$
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54,976,535
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$
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48,758,528
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Receivables:
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Participant contributions
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96,412
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89,476
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Employer contributions
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204,741
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194,134
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Notes receivable from participants
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855,173
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968,444
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Other
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13,856
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17,456
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Total receivables
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1,170,182
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1,269,510
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Total assets
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56,146,717
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50,028,038
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Liabilities:
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Other
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25,225
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5,000
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Total liabilities
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25,225
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5,000
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Net assets available for benefits
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$
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56,121,492
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$
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50,023,038
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Sonic Corp. Savings and Profit Sharing Plan
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Statement of Changes in Net Assets Available for Benefits
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Year Ended
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December 31, 2016
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Change attributed to:
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Investment income:
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Net appreciation in fair value of investments
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$
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2,359,129
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Interest and dividends
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754,595
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Total net investment income
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3,113,724
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Interest income on notes receivable from participants
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39,429
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Contributions:
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Participants
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4,422,505
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Employer
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2,536,955
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Rollover
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374,471
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Total contributions
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7,333,931
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Total additions
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10,487,084
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Deductions:
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Benefit payments
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4,260,891
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Administrative expenses
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127,739
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Total deductions
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4,388,630
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Net increase in net assets available for benefits
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6,098,454
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Net assets available for benefits at beginning of year
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50,023,038
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Net assets available for benefits at end of year
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$
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56,121,492
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Years of Service
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Employer Match
(1)
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Less than 10 years (50% of second 3% salary deferral)
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1.5%
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Between 10 years and 19 years (75% of second 3% salary deferral)
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2.25%
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20 or more years (100% of second 3% salary deferral)
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3%
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•
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Level 1 valuations use quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. An active market is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
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•
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Level 2 valuations use inputs other than actively quoted market prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include: (a) quoted prices for similar assets or liabilities in active markets, (b) quoted prices for identical or similar assets or liabilities in markets that are not active, (c) inputs other than quoted prices that are observable for the asset or liability such as interest rates and yield curves observable at commonly quoted intervals and (d) inputs that are derived principally from or corroborated by observable market data by correlation or other means.
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•
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Level 3 valuations use unobservable inputs for the asset or liability. Unobservable inputs are used to the extent observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.
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Assets at Fair Value as of December 31, 2016
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Level 1
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Level 2
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Level 3
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Total
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Mutual Funds
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$
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49,407,792
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$
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—
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$
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—
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$
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49,407,792
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Sonic Corp. Common Stock
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2,677,457
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—
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—
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2,677,457
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Cash Reserve Account
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37,675
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—
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—
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37,675
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Common/Collective Trust:
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Stable Pooled Fund
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2,853,611
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—
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—
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2,853,611
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$
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54,976,535
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$
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—
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$
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—
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$
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54,976,535
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Assets at Fair Value as of December 31, 2015
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Level 1
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Level 2
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Level 3
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Total
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Mutual Funds
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$
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42,908,025
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$
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—
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$
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—
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$
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42,908,025
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Sonic Corp. Common Stock
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3,488,490
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—
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—
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3,488,490
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Cash Reserve Account
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20,037
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—
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—
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20,037
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Common/Collective Trust:
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Stable Pooled Fund
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2,341,976
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—
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—
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2,341,976
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$
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48,758,528
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$
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—
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$
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—
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$
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48,758,528
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December 31,
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2016
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2015
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Net assets available for benefits per the financial statements
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$
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56,121,492
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$
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50,023,038
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Adjustment from contract value to fair value for fully
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benefit-responsive investment contracts held by
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a common/collective trust
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—
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11,710
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Net assets available for benefits per the Form 5500
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$
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56,121,492
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$
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50,034,748
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Year Ended
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December 31, 2016
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Net increase in net assets available for benefits per the financial statements
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$
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6,098,454
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Prior-year adjustment from fair value to contract value for fully
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benefit-responsive investment contracts held by a
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common/collective trust at December 31, 2015
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(11,710
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Net income per the Form 5500
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$
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6,086,744
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Sonic Corp. Savings and Profit Sharing Plan
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Schedule H, Line 4a – Schedule of Delinquent Participant Contributions
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Plan Number 001
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EIN: 73-1371046
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Year Ended December 31, 2016
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Participant Contributions
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Total that Constitute Nonexempt
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Transferred Late to Plan
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Prohibited Transactions
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$
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5
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$
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5
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Sonic Corp. Savings and Profit Sharing Plan
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Schedule H, Line 4i – Schedule of Assets (Held at End of Year)
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Plan Number 001
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EIN: 73-1371046
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December 31, 2016
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(c)
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Description of
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Investment including
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maturity date, rate of
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(b)
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interest, collateral,
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Identity of Issue, Borrower,
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par or maturity
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(e)
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(a)
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Lessor or Similar Party
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value
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Current Value
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*
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State Street Bank and Trust Company
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Cash Reserve Account
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$
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37,675
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American Funds EuroPacific Growth Fund
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81,529 shares
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3,672,066
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*
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Diversified Stable Pooled Fund
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166,500 shares
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2,853,611
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Dreyfus Intermediate Term Income
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348,088 shares
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4,612,164
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Federated U.S. Treasury Cash Reserves
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1,332,874 shares
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1,332,874
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Invesco Growth and Income
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258,244 shares
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6,812,486
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Invesco Small Cap Growth
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138,292 shares
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5,018,602
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JPMorgan MidCap Value
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66,513 shares
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2,421,090
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Lazard Emerging Markets Equity Instl
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58,895 shares
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939,965
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Mainstay Large Cap Growth
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653,226 shares
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5,460,972
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Oppenheimer International Bond
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194,567 shares
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1,091,522
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*
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Sonic Corp. common stock
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100,983 shares
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2,677,457
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*
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State Street Institutional Liquid Reserves Fund
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125,654 shares
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125,654
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Vanguard Total Stock Market Index
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20,357 shares
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1,141,593
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Vanguard Target Retirement Income
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9,837 shares
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126,013
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Vanguard Target Retirement Income 2015
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39,799 shares
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577,481
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Vanguard Target Retirement Income 2020
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53,029 shares
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1,498,589
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Vanguard Target Retirement Income 2025
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166,951 shares
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2,729,648
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Vanguard Target Retirement Income 2030
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95,040 shares
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2,775,158
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Vanguard Target Retirement Income 2035
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152,914 shares
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2,712,686
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Vanguard Target Retirement Income 2040
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72,205 shares
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2,181,314
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Vanguard Target Retirement Income 2045
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126,606 shares
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2,391,596
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Vanguard Target Retirement Income 2050
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44,259 shares
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1,345,018
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Vanguard Target Retirement Income 2055
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12,969 shares
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426,822
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Vanguard Target Retirement Income 2060
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499 shares
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14,479
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Total investments
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54,976,535
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*
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Participant Loans
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Interest rates from 4.25% to 7.00% with varying maturities
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855,173
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Total
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$
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55,831,708
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SONIC CORP.
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By: /s/ Corey R. Horsch
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Corey R. Horsch, Chair of the Sonic
Corp. Savings and Profit Sharing Plan
Administrative Committee
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23.1
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Consent of KPMG LLP, Independent Registered Public Accounting Firm
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1 Year Sonic Chart |
1 Month Sonic Chart |
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