Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2020

Summary of Significant Transactions between Company and The Coca-Cola Company

The following table summarizes the significant transactions between the Company and The Coca‑Cola Company:


	Fiscal Year
(in thousands)	2020		2019		2018
Payments made by the Company to The Coca-Cola Company for:
Concentrate, syrup, sweetener and other purchases	$	1,174,616	$	1,187,889	$	1,188,818
Customer marketing programs	132,874		144,949		145,019
Purchase of noncontrolling interest in Piedmont	100,000		—		—
Cold drink equipment parts	21,523		28,209		30,065
Brand investment programs	15,479		13,266		9,063

Payments made by The Coca-Cola Company to the Company for:
Marketing funding support payments	$	82,967	$	98,013	$	86,483
Fountain delivery and equipment repair fees	32,810		41,714		40,023
Presence marketing funding support on the Company’s behalf	8,434		8,002		8,311
Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers	4,538		5,069		9,683
Cold drink equipment	—		—		3,789
Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility)	—		—		1,320

Summary of Liability to Estimated Fair Value of Contingent Consideration

The following table summarizes the liability recorded by the Company to reflect the estimated fair value of contingent consideration related to future sub‑bottling payments to CCR:


(in thousands)	December 31, 2020		December 29, 2019
Current portion of acquisition related contingent consideration	$	36,020	$	41,087
Noncurrent portion of acquisition related contingent consideration	398,674		405,597
Total acquisition related contingent consideration	$	434,694	$	446,684

Summary of Awards

A summary of the awards issued in 2019 and 2018 is as follows:


	Fiscal Year
	2019	2018
Date of approval for award	March 5, 2019	March 6, 2018
Fiscal year of service covered by award	2018	2017
Shares settled in cash	15,476	16,504
Increase in Class B Common Stock shares outstanding	19,224	20,296
Total Class B Common Stock awarded	34,700	36,800