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Net Income Per Share
 6 Months Ended
Jul. 03, 2011
Net Income Per Share [Abstract]  
Net Income Per Share
21. Net Income Per Share
The following table sets forth the computation of basic net income per share and diluted net income per share under the two-class method:
                                 
    Second Quarter     First Half  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Numerator for basic and diluted net income per Common Stock and Class B Common Stock share:
                               
 
                               
Net income attributable to Coca-Cola Bottling Co. Consolidated
  $ 11,101     $ 12,043     $ 17,014     $ 16,703  
Less dividends:
                               
Common Stock
    1,785       1,785       3,571       3,571  
Class B Common Stock
    517       511       1,028       1,016  
 
                       
Total undistributed earnings
  $ 8,799     $ 9,747     $ 12,415     $ 12,116  
 
                       
 
                               
Common Stock undistributed earnings — basic
  $ 6,824     $ 7,578     $ 9,636     $ 9,428  
Class B Common Stock undistributed earnings — basic
    1,975       2,169       2,779       2,688  
 
                       
Total undistributed earnings — basic
  $ 8,799     $ 9,747     $ 12,415     $ 12,116  
 
                       
 
                               
Common Stock undistributed earnings — diluted
  $ 6,794     $ 7,545     $ 9,595     $ 9,387  
Class B Common Stock undistributed earnings — diluted
    2,005       2,202       2,820       2,729  
 
                       
Total undistributed earnings — diluted
  $ 8,799     $ 9,747     $ 12,415     $ 12,116  
 
                       
 
                               
Numerator for basic net income per Common Stock share:
                               
Dividends on Common Stock
  $ 1,785     $ 1,785     $ 3,571     $ 3,571  
Common Stock undistributed earnings — basic
    6,824       7,578       9,636       9,428  
 
                       
Numerator for basic net income per Common Stock share
  $ 8,609     $ 9,363     $ 13,207     $ 12,999  
 
                       
 
                               
Numerator for basic net income per Class B Common Stock share:
                               
Dividends on Class B Common Stock
  $ 517     $ 511     $ 1,028     $ 1,016  
Class B Common Stock undistributed earnings — basic
    1,975       2,169       2,779       2,688  
 
                       
Numerator for basic net income per Class B Common Stock share
  $ 2,492     $ 2,680     $ 3,807     $ 3,704  
 
                       
                                 
    Second Quarter     First Half  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Numerator for diluted net income per Common Stock share:
                               
Dividends on Common Stock
  $ 1,785     $ 1,785     $ 3,571     $ 3,571  
Dividends on Class B Common Stock assumed converted to Common Stock
    517       511       1,028       1,016  
Common Stock undistributed earnings — diluted
    8,799       9,747       12,415       12,116  
 
                       
Numerator for diluted net income per Common Stock share
  $ 11,101     $ 12,043     $ 17,014     $ 16,703  
 
                       
 
                               
Numerator for diluted net income per Class B Common Stock share:
                               
Dividends on Class B Common Stock
  $ 517     $ 511     $ 1,028     $ 1,016  
Class B Common Stock undistributed earnings — diluted
    2,005       2,202       2,820       2,729  
 
                       
Numerator for diluted net income per Class B Common Stock share
  $ 2,522     $ 2,713     $ 3,848     $ 3,745  
 
                       
21. Net Income Per Share
                                 
    Second Quarter     First Half  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Denominator for basic net income per Common Stock and Class B Common Stock share:
                               
Common Stock weighted average shares outstanding — basic
    7,141       7,141       7,141       7,141  
Class B Common Stock weighted average shares outstanding — basic
    2,067       2,044       2,059       2,036  
 
                               
Denominator for diluted net income per Common Stock and Class B Common Stock share:
                               
Common Stock weighted average shares outstanding — diluted (assumes conversion of Class B Common Stock to Common Stock)
    9,248       9,225       9,240       9,217  
Class B Common Stock weighted average shares outstanding — diluted
    2,107       2,084       2,099       2,076  
 
                               
Basic net income per share:
                               
Common Stock
  $ 1.21     $ 1.31     $ 1.85     $ 1.82  
 
                       
 
Class B Common Stock
  $ 1.21     $ 1.31     $ 1.85     $ 1.82  
 
                       
 
Diluted net income per share:
                               
Common Stock
  $ 1.20     $ 1.31     $ 1.84     $ 1.81  
 
                       
 
   
Class B Common Stock
  $ 1.20     $ 1.30     $ 1.83     $ 1.80  
 
                       
 
NOTES TO TABLE
 
(1)  
For purposes of the diluted net income per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted; therefore, 100% of undistributed earnings is allocated to Common Stock.
 
(2)  
For purposes of the diluted net income per share computation for Class B Common Stock, weighted average shares of Class B Common Stock are assumed to be outstanding for the entire period and not converted.
 
(3)  
Denominator for diluted net income per share for Common Stock and Class B Common Stock includes the dilutive effect of shares relative to the Performance Unit Award.