Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 30, 2012

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

24.    Quarterly Financial Data (Unaudited)

Set forth below are unaudited quarterly financial data for the fiscal years ended December 30, 2012 and January 1, 2012.

	Quarter
Year Ended December 30, 2012	1(1)		2		3(2)		4(3) (4)
In thousands (except per share data)
Net sales	$	377,185	$	430,693	$	419,855	$	386,700
Gross margin		155,594		173,413		170,928		154,374
Net income attributable to Coca-Cola Bottling Co. Consolidated		4,565		10,747		10,079		1,826
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.50	$	1.16	$	1.09	$	.20
Class B Common Stock	$	.50	$	1.16	$	1.09	$	.20
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.49	$	1.16	$	1.09	$	.20
Class B Common Stock	$	.49	$	1.16	$	1.08	$	.19

	Quarter
Year Ended January 1, 2012	1(5)		2(6)		3(7)(8)		4(9)
In thousands (except per share data)
Net sales	$	359,629	$	422,893	$	405,858	$	372,859
Gross margin		149,161		165,573		162,716		151,793
Net income attributable to Coca-Cola Bottling Co. Consolidated		5,913		11,101		9,768		1,826
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.64	$	1.21	$	1.06	$	.20
Class B Common Stock	$	.64	$	1.21	$	1.06	$	.20
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.64	$	1.20	$	1.06	$	.20
Class B Common Stock	$	.64	$	1.20	$	1.05	$	.19

Sales are seasonal with the highest sales volume occurring in May, June, July and August.

See Note 1 to the consolidated financial statements for information concerning the revision of prior period financial statements.

(1) Net income in the first quarter of 2012 included a $0.7 million debit to income tax expense ($0.08 per basic common share) to increase the valuation allowance for certain deferred tax assets of the Company.

(2) Net income in the third quarter of 2012 included a $1.0 million ($0.6 million, net of tax, or $0.07 per basic common share) credit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(3) Net income in the fourth quarter of 2012 included a $0.5 million ($0.3 million, net of tax, or $0.03 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(4) Net income in the fourth quarter of 2012 included a $.6 million debit to income tax expense ($0.07 per basic common share) to increase the valuation allowance for certain deferred tax assets of the Company.

(5) Net income in the first quarter of 2011 included a $0.5 million ($0.3 million, net of tax, or $0.03 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(6) Net income in the second quarter of 2011 included a $1.7 million ($1.0 million, net of tax, or $0.11 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(7) Net income for the third quarter of 2011 included a $1.8 million ($1.2 million, net of tax, or $0.12 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(8) Net income in the third quarter of 2011 included a $0.9 million credit to income tax expense ($0.10 per basic common share) related to the reduction of the liability for uncertain tax positions due mainly to the expiration of applicable statute of limitations.

(9) Net income in the fourth quarter of 2011 included a $2.6 million ($1.6 million, net of tax, or $0.17 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.