The following table sets forth the computation of basic net income per share and diluted net income per share under the two-class method:

	Third Quarter				First Nine Months
In Thousands (Except Per Share Data)	2015		2014		2015		2014
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	$	25,553	$	12,132	$	54,711	$	28,364
Less dividends:
Common Stock		1,785		1,785		5,356		5,356
Class B Common Stock		538		532		1,608		1,592
Total undistributed earnings	$	23,230	$	9,815	$	47,747	$	21,416

Common Stock undistributed earnings – basic	$	17,853	$	7,560	$	36,714	$	16,505
Class B Common Stock undistributed earnings – basic		5,377		2,255		11,033		4,911
Total undistributed earnings – basic	$	23,230	$	9,815	$	47,747	$	21,416

Common Stock undistributed earnings – diluted	$	17,776	$	7,528	$	36,556	$	16,434
Class B Common Stock undistributed earnings – diluted		5,454		2,287		11,191		4,982
Total undistributed earnings – diluted	$	23,230	$	9,815	$	47,747	$	21,416

Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785	$	5,356	$	5,356
Common Stock undistributed earnings – basic		17,853		7,560		36,714		16,505
Numerator for basic net income per Common Stock share	$	19,638	$	9,345	$	42,070	$	21,861

Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	538	$	532	$	1,608	$	1,592
Class B Common Stock undistributed earnings – basic		5,377		2,255		11,033		4,911
Numerator for basic net income per Class B Common Stock share	$	5,915	$	2,787	$	12,641	$	6,503

	Third Quarter				First Nine Months
In Thousands (Except Per Share Data)	2015		2014		2015		2014
Numerator for diluted net income per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785	$	5,356	$	5,356
Dividends on Class B Common Stock assumed converted to Common Stock		538		532		1,608		1,592
Common Stock undistributed earnings – diluted		23,230		9,815		47,747		21,416
Numerator for diluted net income per Common Stock share	$	25,553	$	12,132	$	54,711	$	28,364

Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	538	$	532	$	1,608	$	1,592
Class B Common Stock undistributed earnings – diluted		5,454		2,287		11,191		4,982
Numerator for diluted net income per Class B Common Stock share	$	5,992	$	2,819	$	12,799	$	6,574

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		7,141		7,141
Class B Common Stock weighted average shares outstanding – basic		2,151		2,130		2,146		2,125

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)		9,332		9,311		9,327		9,306
Class B Common Stock weighted average shares outstanding – diluted		2,191		2,170		2,186		2,165

Basic net income per share:
Common Stock	$	2.75	$	1.31	$	5.89	$	3.06

Class B Common Stock	$	2.75	$	1.31	$	5.89	$	3.06

Diluted net income per share:
Common Stock	$	2.74	$	1.30	$	5.87	$	3.05

Class B Common Stock	$	2.73	$	1.30	$	5.85	$	3.04

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.