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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2021
Jun. 28, 2020
Jul. 02, 2021
Jun. 28, 2020
Net sales $ 1,433,086 $ 1,227,215 $ 2,702,943 $ 2,400,236
Cost of sales 938,146 797,914 1,759,300 1,565,640
Gross profit 494,940 429,301 943,643 834,596
Selling, delivery and administrative expenses 374,079 346,183 728,598 718,657
Income from operations 120,861 83,118 215,045 115,939
Interest expense, net 8,365 9,184 17,111 18,745
Other expense, net 47,041 16,134 59,096 18,432
Income before income taxes 65,455 57,800 138,838 78,762
Income tax expense 17,275 15,187 37,295 20,548
Net income 48,180 42,613 101,543 58,214
Less: Net income attributable to noncontrolling interest 0 3,044 0 3,983
Net income attributable to Coca‑Cola Consolidated, Inc. $ 48,180 $ 39,569 $ 101,543 $ 54,231
Common Stock        
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.14 $ 4.23 $ 10.83 $ 5.79
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) $ 5.12 $ 4.19 $ 10.79 $ 5.74
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,407 9,440 9,407 9,440
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) $ 5.14 $ 4.23 $ 10.83 $ 5.79
Weighted average number of Common Stock shares outstanding (in shares) 2,232 2,232 2,232 2,232
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.12 $ 4.18 $ 10.79 $ 5.73
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 2,266 2,299 2,266 2,299
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.50 $ 0.50