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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 28, 2015
Jun. 29, 2014
Jun. 28, 2015
Jun. 29, 2014
Net sales $ 614,683 $ 459,473 $ 1,067,936 $ 848,055
Cost of sales 377,366 273,953 646,246 506,202
Gross margin 237,317 185,520 421,690 341,853
Selling, delivery and administrative expenses 199,001 154,256 366,472 298,473
Income from operations 38,316 31,264 55,218 43,380
Interest expense, net 6,718 7,343 14,065 14,566
Other income (expense) 6,078 0 989 0
Gain on exchange of franchise territory 8,807 0 8,807 0
Income before income taxes 46,483 23,921 50,949 28,814
Income tax expense 17,562 8,589 19,075 10,381
Net income 28,921 15,332 31,874 18,433
Less: Net income attributable to noncontrolling interest 1,987 1,549 2,716 2,201
Net income attributable to Coca-Cola Bottling Co. Consolidated $ 26,934 $ 13,783 $ 29,158 $ 16,232
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.90 $ 1.49 $ 3.14 $ 1.75
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 $ 2.89 $ 1.48 $ 3.13 $ 1.74
Weighted average number of Common Stock shares outstanding – assuming dilution 9,332 9,311 9,324 9,304
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.50 $ 0.50
Class B Common Stock [Member]        
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.90 $ 1.49 $ 3.14 $ 1.75
Weighted average number of Common Stock shares outstanding 2,151 2,130 2,143 2,123
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.88 $ 1.48 $ 3.12 $ 1.74
Weighted average number of Common Stock shares outstanding – assuming dilution 2,191 2,170 2,183 2,163
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.50 $ 0.50