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Ticker:SONC
Company Name: Sonic Corp.

Business Overview from 10-K filing for Sonic Corp.:

Sonic Corp. (the Company) operates and franchises the largest chain of drive-in restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2005, the Company had 3,039 Sonic Drive-Ins in operation, consisting of 574 Partner Drive-Ins and 2,465 Franchise Drive-Ins, principally in the southern two-thirds of the United States. Partner Drive-Ins are those Sonic Drive-Ins owned and operated by either a limited liability company or a general partnership. We own a majority interest, typically at least 60%, and the supervisor and manager of the drive-in own a minority interest in each Partner Drive-In limited liability company or general partnership. Franchise Drive-Ins are owned and operated by our franchisees. At a typical Sonic Drive-In, a customer drives into one of 24 to 36 covered drive-in spaces, orders through an intercom speaker system, and has the food delivered by a carhop within an average of four minutes.     

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