Net Income Per Share (Tables)

3 Months Ended

Mar. 30, 2014

Earnings Per Share [Abstract]

Computation of Basic Net Income Per Share and Diluted 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:

	First Quarter
In Thousands (Except Per Share Data)	2014		2013
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	$	2,449	$	4,862
Less dividends:
Common Stock		1,785		1,785
Class B Common Stock		527		522
Total undistributed earnings	$	137	$	2,555
Common Stock undistributed earnings – basic	$	106	$	1,975
Class B Common Stock undistributed earnings – basic		31		580
Total undistributed earnings – basic	$	137	$	2,555
Common Stock undistributed earnings – diluted	$	105	$	1,967
Class B Common Stock undistributed earnings – diluted		32		588
Total undistributed earnings – diluted	$	137	$	2,555
Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785
Common Stock undistributed earnings – basic		106		1,975
Numerator for basic net income per Common Stock share	$	1,891	$	3,760
Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	527	$	522
Class B Common Stock undistributed earnings – basic		31		580
Numerator for basic net income per Class B Common Stock share	$	558	$	1,102

	First Quarter
In Thousands (Except Per Share Data)	2014		2013
Numerator for diluted net income per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785
Dividends on Class B Common Stock assumed converted to Common Stock		527		522
Common Stock undistributed earnings – diluted		137		2,555
Numerator for diluted net income per Common Stock share	$	2,449	$	4,862
Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	527	$	522
Class B Common Stock undistributed earnings – diluted		32		588
Numerator for diluted net income per Class B Common Stock share	$	559	$	1,110

	First Quarter
In Thousands (Except Per Share Data)	2014		2013
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
Class B Common Stock weighted average shares outstanding – basic		2,115		2,095
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)		9,296		9,276
Class B Common Stock weighted average shares outstanding – diluted		2,155		2,135
Basic net income per share:
Common Stock	$	.26	$	.53
Class B Common Stock	$	.26	$	.53
Diluted net income per share:
Common Stock	$	.26	$	.52
Class B Common Stock	$	.26	$	.52

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.