XML 74 R64.htm IDEA: XBRL DOCUMENT v3.24.2
Net Income Per Share - Summary of Computation of Basic Net Income Per Share and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 18, 2024
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Jun. 21, 2024
Numerator for basic and diluted net income per Common Stock and Class B Common Stock share:            
Net income   $ 172,812 $ 122,319 $ 338,553 $ 240,446  
Less dividends:            
Total undistributed earnings – basic   168,125 117,632 179,200 202,951  
Total undistributed earnings – diluted   168,125 117,632 $ 179,200 $ 202,951  
Diluted net income per share:            
Percentage undistributed earnings allocated to common stock diluted (as a percent)       100.00% 100.00%  
Anti-dilutive shares (in shares)       0 0  
Tender Offer            
Diluted net income per share:            
Shares repurchased (in shares) 14,391.5          
Purchase Agreement | Carolina Coca-Cola Bottling Investments            
Diluted net income per share:            
Share repurchase program, authorized, number of shares (in shares)           598,619
Common Stock            
Less dividends:            
Common Stock   4,185 4,185 $ 142,273 $ 33,476  
Total undistributed earnings – basic   149,970 105,021 159,918 181,192  
Total undistributed earnings – diluted   149,745 104,775 159,678 180,768  
Numerator for basic net income per Common Stock share:            
Numerator for basic net income per Common Stock share   154,155 109,206 302,191 214,668  
Numerator for diluted net income per Common Stock share:            
Numerator for diluted net income per Common Stock share   $ 172,812 $ 122,319 $ 338,553 $ 240,446  
Denominator for basic net income per Common Stock and Class B Common Stock share:            
Common Stock weighted average shares outstanding - basic (in shares)   8,302,000 8,369,000 8,335,000 8,369,000  
Denominator for diluted net income per Common Stock and Class B Common Stock share:            
Common Stock weighted average shares outstanding - diluted (assuming conversion of Class B Common Stock to Common Stock) (in shares)   9,321,000 9,396,000 9,354,000 9,396,000  
Basic net income per share:            
Common Stock (in dollars per share)   $ 18.57 $ 13.05 $ 36.26 $ 25.65  
Diluted net income per share:            
Common Stock (in dollars per share)   $ 18.54 $ 13.02 $ 36.19 $ 25.59  
Class B Common Stock            
Less dividends:            
Common Stock   $ 502 $ 502 $ 17,080 $ 4,019  
Total undistributed earnings – basic   18,155 12,611 19,282 21,759  
Total undistributed earnings – diluted   18,380 12,857 19,522 22,183  
Numerator for basic net income per Common Stock share:            
Numerator for basic net income per Common Stock share   18,657 13,113 36,362 25,778  
Numerator for diluted net income per Common Stock share:            
Numerator for diluted net income per Common Stock share   $ 18,882 $ 13,359 $ 36,602 $ 26,202  
Denominator for basic net income per Common Stock and Class B Common Stock share:            
Common Stock weighted average shares outstanding - basic (in shares)   1,005,000 1,005,000 1,005,000 1,005,000  
Denominator for diluted net income per Common Stock and Class B Common Stock share:            
Common Stock weighted average shares outstanding - diluted (assuming conversion of Class B Common Stock to Common Stock) (in shares)   1,019,000 1,027,000 1,019,000 1,027,000  
Basic net income per share:            
Common Stock (in dollars per share)   $ 18.56 $ 13.05 $ 36.18 $ 25.65  
Diluted net income per share:            
Common Stock (in dollars per share)   $ 18.53 $ 13.01 $ 35.92 $ 25.51