Segments (Tables)

6 Months Ended

Jun. 28, 2020

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Second Quarter				First Half
(in thousands)	2020		2019		2020		2019
Net sales:
Nonalcoholic Beverages	$	1,195,524	$	1,238,885	$	2,338,105	$	2,311,112
All Other	80,329		94,942		161,630		182,857
Eliminations(1)	(48,638)		(60,168)		(99,499)		(117,398)
Consolidated net sales	$	1,227,215	$	1,273,659	$	2,400,236	$	2,376,571
Income from operations:
Nonalcoholic Beverages	$	83,907	$	57,724	$	119,524	$	72,365
All Other	(789)		9,490		(3,585)		15,003
Consolidated income from operations	$	83,118	$	67,214	$	115,939	$	87,368
Depreciation and amortization:
Nonalcoholic Beverages	$	39,909	$	42,568	$	80,667	$	85,919
All Other	2,928		2,488		5,729		4,909
Consolidated depreciation and amortization	$	42,837	$	45,056	$	86,396	$	90,828

⁽¹⁾The entire net sales elimination for each period presented represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.