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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Net sales $ 1,227,215 $ 1,273,659 $ 2,400,236 $ 2,376,571
Cost of sales 797,914 837,880 1,565,640 1,551,484
Gross profit 429,301 435,779 834,596 825,087
Selling, delivery and administrative expenses 346,183 368,565 718,657 737,719
Income from operations 83,118 67,214 115,939 87,368
Interest expense, net 9,184 11,995 18,745 24,881
Other expense, net 16,134 31,181 18,432 47,032
Income before income taxes 57,800 24,038 78,762 15,455
Income tax expense 15,187 7,182 20,548 4,177
Net income 42,613 16,856 58,214 11,278
Less: Net income attributable to noncontrolling interest 3,044 1,486 3,983 2,739
Net income attributable to Coca-Cola Consolidated, Inc. $ 39,569 $ 15,370 $ 54,231 $ 8,539
Common Stock        
Basic net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 4.23 $ 1.64 $ 5.79 $ 0.91
Weighted average number of Common Stock shares outstanding (in shares) 7,141 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 4.19 $ 1.64 $ 5.74 $ 0.91
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,440 9,421 9,440 9,415
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50
Class B Common Stock        
Basic net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 4.23 $ 1.64 $ 5.79 $ 0.91
Weighted average number of Common Stock shares outstanding (in shares) 2,232 2,232 2,232 2,225
Diluted net income per share based on net income attributable to Coca-Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 4.18 $ 1.63 $ 5.73 $ 0.90
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 2,299 2,280 2,299 2,274
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50