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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 01, 2021
Sep. 27, 2020
Oct. 01, 2021
Sep. 27, 2020
Net sales $ 1,457,432 $ 1,328,484 $ 4,160,375 $ 3,728,720
Cost of sales 939,720 856,046 2,699,020 2,421,686
Gross profit 517,712 472,438 1,461,355 1,307,034
Selling, delivery and administrative expenses 380,681 368,594 1,109,279 1,087,251
Income from operations 137,031 103,844 352,076 219,783
Interest expense, net 8,097 9,033 25,208 27,778
Other expense, net 34,982 21,394 94,078 39,826
Income before income taxes 93,952 73,417 232,790 152,179
Income tax expense 25,022 18,363 62,317 38,911
Net income 68,930 55,054 170,473 113,268
Less: Net income attributable to noncontrolling interest 0 3,170 0 7,153
Net income attributable to Coca‑Cola Consolidated, Inc. $ 68,930 $ 51,884 $ 170,473 $ 106,115
Common Stock        
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 7.36 $ 5.53 $ 18.19 $ 11.32
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) $ 7.32 $ 5.51 $ 18.11 $ 11.25
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,409 9,430 9,413 9,430
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75
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) $ 7.36 $ 5.53 $ 18.19 $ 11.32
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) $ 7.31 $ 5.51 $ 18.10 $ 11.24
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 2,268 2,289 2,272 2,289
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75