Segments (Tables)

3 Months Ended

Apr. 01, 2022

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	First Quarter
(in thousands)	2022		2021
Net sales:
Nonalcoholic Beverages	$	1,373,221	$	1,235,090
All Other	96,163		89,949
Eliminations(1)	(65,026)		(55,182)
Consolidated net sales	$	1,404,358	$	1,269,857
Income from operations:
Nonalcoholic Beverages	$	134,558	$	95,042
All Other	(3,573)		(858)
Consolidated income from operations	$	130,985	$	94,184
Depreciation and amortization:
Nonalcoholic Beverages	$	40,286	$	40,551
All Other	2,983		2,975
Consolidated depreciation and amortization	$	43,269	$	43,526

(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.