20. Segments

The Company evaluates segment reporting in accordance with the Financial Accounting Standards Board (“FASB”) ASC 280, Segment Reporting each reporting period, including evaluating the reporting package reviewed by the Chief Operation Decision Maker (“CODM”). The Company has concluded the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, as a group, represent the CODM. The Company believes five operating segments exist. Two operating segments, Franchised Nonalcoholic Beverages and Internally-Developed Nonalcoholic Beverages, have been aggregated due to their similar economic characteristics as well as the similarity of products, production processes, types of customers, methods of distribution, and nature of the regulatory environment. This combined segment, Nonalcoholic Beverages, represents the vast majority of the Company’s consolidated revenues, operating income, and assets. The remaining three operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate. As a result, these three operating segments have been combined into an “All Other” reportable segment.

The Company’s segment results are as follows:

	Second Quarter						First Half
In Thousands	2015			2014			2015			2014
Net Sales:
Nonalcoholic Beverages	$	599,607		$	450,505		$	1,041,290		$	831,759
All Other		40,693			31,886			74,508			59,108
Eliminations*		(25,617	)		(22,918	)		(47,862	)		(42,812	)
Consolidated	$	614,683		$	459,473		$	1,067,936		$	848,055

Operating Income:
Nonalcoholic Beverages	$	37,061		$	29,990		$	52,392		$	41,580
All Other		1,255			1,274			2,826			1,800
Consolidated	$	38,316		$	31,264		$	55,218		$	43,380

Depreciation and Amortization:
Nonalcoholic Beverages	$	18,638		$	14,175		$	35,342		$	28,088
All Other		1,079			699			2,032			1,355
Consolidated	$	19,717		$	14,874		$	37,374		$	29,443

Capital Expenditures:
Nonalcoholic Beverages	$	26,226		$	12,526		$	45,478		$	26,216
All Other		2,334			3,382			9,474			6,525
Consolidated	$	28,560		$	15,908		$	54,952		$	32,741

	June 28,			Dec. 28,			June 29,
	2015			2014			2014
Total Assets:
Nonalcoholic Beverages	$	1,658,706		$	1,399,057		$	1,347,240
All Other		58,535			44,629			40,830
Eliminations		(7,250	)		(10,610	)		(8,890	)
Consolidated	$	1,709,991		$	1,433,076		$	1,379,180

*NOTE: The entire net sales elimination for each year presented represent net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are either recognized at fair market value or cost depending on the nature of the transaction.

Net sales by product category were as follows:

	Second Quarter				First Half
In Thousands	2015		2014		2015		2014
Bottle/can sales:
Sparkling beverages (including energy products)	$	396,492	$	287,821	$	694,311	$	542,792
Still beverages		111,467		79,188		182,055		136,338
Total bottle/can sales		507,959		367,009		876,366		679,130

Other sales:
Sales to other Coca-Cola bottlers		48,560		45,268		86,406		82,389
Post-mix and other		58,164		47,196		105,164		86,536
Total other sales		106,724		92,464		191,570		168,925

Total net sales	$	614,683	$	459,473	$	1,067,936	$	848,055

Sparkling beverages are carbonated beverages and energy products while still beverages are noncarbonated beverages.