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Related Party Transactions (Tables)
 3 Months Ended
Apr. 01, 2022
Related Party Transactions [Abstract]  
Summary of Significant Transactions Between Company and the Coca-cola Company
The following table summarizes the significant cash transactions between the Company and The Coca‑Cola Company:

First Quarter
(in thousands)20222021
Payments made by the Company to The Coca-Cola Company(1)
$419,708 $349,345 
Payments made by The Coca-Cola Company to the Company59,669 29,677 

(1)This excludes acquisition related sub-bottling payments made by the Company to Coca-Cola Refreshments USA, Inc., a wholly owned subsidiary of The Coca‑Cola Company, but includes the purchase price of certain additional BODYARMOR distribution rights, each as discussed below.
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 expected acquisition related sub‑bottling payments to CCR:
(in thousands)April 1, 2022December 31, 2021
Current portion of acquisition related contingent consideration$47,218 $51,518 
Noncurrent portion of acquisition related contingent consideration480,708 490,587 
Total acquisition related contingent consideration$527,926 $542,105 
Summary of Rental Payments Related to Leases
A summary of rental payments for these leases related to the first quarter of 2022 and the first quarter of 2021 is as follows:

First Quarter
(in thousands)20222021
Company headquarters$963 $945 
Snyder Production Center927 1,113