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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2015
Sep. 28, 2014
Sep. 27, 2015
Sep. 28, 2014
Net sales $ 618,806 $ 457,676 $ 1,686,742 $ 1,305,731
Cost of sales 380,270 272,734 1,026,516 778,936
Gross margin 238,536 184,942 660,226 526,795
Selling, delivery and administrative expenses 210,851 156,496 577,323 454,969
Income from operations 27,685 28,446 82,903 71,826
Interest expense, net 6,686 7,333 20,751 21,899
Other income (expense) (3,992) 0 (3,003) 0
Gain on exchange of franchise territory 0 0 8,807 0
Gain on sale of business 22,651 0 22,651 0
Income before income taxes 39,658 21,113 90,607 49,927
Income tax expense 12,099 7,408 31,174 17,789
Net income 27,559 13,705 59,433 32,138
Less: Net income attributable to noncontrolling interest 2,006 1,573 4,722 3,774
Net income attributable to Coca-Cola Bottling Co. Consolidated $ 25,553 $ 12,132 $ 54,711 $ 28,364
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.75 $ 1.31 $ 5.89 $ 3.06
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 $ 2.74 $ 1.30 $ 5.87 $ 3.05
Weighted average number of Common Stock shares outstanding – assuming dilution 9,332 9,311 9,327 9,306
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.75 $ 0.75
Class B Common Stock [Member]        
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.75 $ 1.31 $ 5.89 $ 3.06
Weighted average number of Common Stock shares outstanding 2,151 2,130 2,146 2,125
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 2.73 $ 1.30 $ 5.85 $ 3.04
Weighted average number of Common Stock shares outstanding – assuming dilution 2,191 2,170 2,186 2,165
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.75 $ 0.75