Segments (Tables)

9 Months Ended

Oct. 01, 2021

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Third Quarter				First Nine Months
(in thousands)	2021		2020		2021		2020
Net sales:
Nonalcoholic Beverages	$	1,426,971	$	1,295,271	$	4,061,976	$	3,633,376
All Other	88,991		84,776		272,132		246,406
Eliminations(1)	(58,530)		(51,563)		(173,733)		(151,062)
Consolidated net sales	$	1,457,432	$	1,328,484	$	4,160,375	$	3,728,720

(1)The entire net sales elimination 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.

	Third Quarter				First Nine Months
(in thousands)	2021		2020		2021		2020
Income from operations:
Nonalcoholic Beverages	$	144,130	$	108,035	$	363,544	$	227,559
All Other	(7,099)		(4,191)		(11,468)		(7,776)
Consolidated income from operations	$	137,031	$	103,844	$	352,076	$	219,783
Depreciation and amortization:
Nonalcoholic Beverages	$	44,313	$	45,066	$	126,088	$	125,733
All Other	3,145		3,027		9,253		8,756
Consolidated depreciation and amortization	$	47,458	$	48,093	$	135,341	$	134,489