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Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2023
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)20232022
Payments made by the Company to The Coca-Cola Company(1)
$469,527 $419,708 
Payments made by The Coca-Cola Company to the Company47,439 59,669 

(1)This excludes acquisition related sub-bottling payments made by the Company to CCR (as defined below), 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)March 31, 2023December 31, 2022
Current portion of acquisition related contingent consideration$42,206 $40,060 
Noncurrent portion of acquisition related contingent consideration534,240 501,431 
Total acquisition related contingent consideration$576,446 $541,491 
Summary of Rental Payments Related to Leases
A summary of rental payments for related party leases for the first quarter of 2023 and the first quarter of 2022 is as follows:

First Quarter
(in thousands)20232022
Company headquarters$983 $963 
Snyder Production Center(1)
— 927 

(1)The lease for the Snyder Production Center and an adjacent sales facility in Charlotte, North Carolina (together, the “Snyder Production Center”) was terminated during the first quarter of 2022 in connection with the purchase of the Snyder Production Center by CCBCC Operations, LLC, a wholly owned subsidiary of the Company.