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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 03, 2011
Jul. 04, 2010
Jul. 03, 2011
Jul. 04, 2010
Net sales $ 422,893 $ 417,361 $ 782,522 $ 764,859
Cost of sales 257,320 249,353 467,788 450,148
Gross margin 165,573 168,008 314,734 314,711
Selling, delivery and administrative expenses 137,153 138,190 267,135 267,234
Income from operations 28,420 29,818 47,599 47,477
Interest expense, net 9,042 8,802 17,811 17,612
Income before income taxes 19,378 21,016 29,788 29,865
Income tax expense 7,394 7,612 11,335 11,326
Net income 11,984 13,404 18,453 18,539
Less: Net income attributable to the noncontrolling interest 883 1,361 1,439 1,836
Net income attributable to Coca-Cola Bottling Co. Consolidated $ 11,101 $ 12,043 $ 17,014 $ 16,703
Common Stock
       
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.21 $ 1.31 $ 1.85 $ 1.82
Weighted average number of Common Stock shares outstanding 7,141 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.20 $ 1.31 $ 1.84 $ 1.81
Weighted average number of Common Stock shares outstanding - assuming dilution 9,248 9,225 9,240 9,217
Cash dividends per share:        
Common Stock $ 0.25 $ 0.25 $ 0.50 $ 0.50
Class B Common Stock
       
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.21 $ 1.31 $ 1.85 $ 1.82
Weighted average number of Common Stock shares outstanding 2,067 2,044 2,059 2,036
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.20 $ 1.30 $ 1.83 $ 1.80
Weighted average number of Common Stock shares outstanding - assuming dilution 2,107 2,084 2,099 2,076
Cash dividends per share:        
Common Stock $ 0.25 $ 0.25 $ 0.50 $ 0.50