XML 72 R58.htm IDEA: XBRL DOCUMENT v3.20.4
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The unaudited quarterly financial data for the fiscal years ended December 31, 2020 and December 29, 2019 is included in the following tables. Sales volume has historically been the highest in the second and third quarters of each fiscal year. Additional meaningful financial information is included in the table following each presented period.

 Quarter Ended
(in thousands, except per share data)March 29,
2020
June 28,
2020
September 27,
2020
December 31,
2020
Net sales$1,173,021 $1,227,215 $1,328,484 $1,278,637 
Gross profit405,295 429,301 472,438 461,875 
Income from operations32,821 83,118 103,844 93,595 
Net income attributable to Coca‑Cola Consolidated, Inc.14,662 39,569 51,884 66,378 
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:
Common Stock$1.56 $4.23 $5.53 $7.08 
Class B Common Stock$1.56 $4.23 $5.53 $7.08 
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:
Common Stock$1.55 $4.19 $5.51 $7.05 
Class B Common Stock$1.55 $4.18 $5.51 $7.04 

Additional Information for 2020:Quarter Ended
(in thousands)March 29,
2020
June 28,
2020
September 27,
2020
December 31,
2020
Pre-tax income (expense) impact:
Expenses related to supply chain and asset optimization$(77)$(641)$(3,122)$(548)
Income related to extra days in fiscal year(1)
— — — 7,354 

(1)2020 had four extra days compared to 2019, which resulted in an estimated $59 million in additional net sales, $22 million in additional gross profit and $14 million in additional SD&A expenses.

 Quarter Ended
(in thousands, except per share data)March 31,
2019
June 30,
2019
September 29,
2019
December 29,
2019
Net sales$1,102,912 $1,273,659 $1,271,029 $1,178,949 
Gross profit389,308 435,779 432,224 413,191 
Income from operations20,154 67,214 53,846 39,540 
Net income (loss) attributable to Coca‑Cola Consolidated, Inc.(6,831)15,370 13,006 (10,170)
Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock$(0.73)$1.64 $1.39 $(1.09)
Class B Common Stock$(0.73)$1.64 $1.39 $(1.09)
Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock$(0.73)$1.64 $1.38 $(1.08)
Class B Common Stock$(0.73)$1.63 $1.38 $(1.09)
Additional Information for 2019:Quarter Ended
(in thousands)March 31,
2019
June 30,
2019
September 29,
2019
December 29,
2019
Pre-tax expense impact:
Expenses related to the System Transformation$(4,730)$(2,185)$— $— 
Expenses related to supply chain and asset optimization— (1,294)(3,581)(5,702)