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Segments (Tables)
 9 Months Ended
Sep. 27, 2015
Segment Reporting [Abstract]  
Summary of Financial Information by Reportable Segment

The Company’s segment results are as follows:

 

 

 

Third Quarter

 

 

First Nine Months

 

In Thousands

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

603,042

 

 

$

447,610

 

 

$

1,644,332

 

 

$

1,279,369

 

All Other

 

 

41,761

 

 

 

32,716

 

 

 

116,269

 

 

 

91,824

 

Eliminations*

 

 

(25,997

)

 

 

(22,650

)

 

 

(73,859

)

 

 

(65,462

)

Consolidated

 

$

618,806

 

 

$

457,676

 

 

$

1,686,742

 

 

$

1,305,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

26,098

 

 

$

27,065

 

 

$

78,490

 

 

$

68,645

 

All Other

 

 

1,587

 

 

 

1,381

 

 

 

4,413

 

 

 

3,181

 

Consolidated

 

$

27,685

 

 

$

28,446

 

 

$

82,903

 

 

$

71,826

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

19,711

 

 

$

14,501

 

 

$

55,053

 

 

$

42,589

 

All Other

 

 

1,324

 

 

 

791

 

 

 

3,356

 

 

 

2,146

 

Consolidated

 

$

21,035

 

 

$

15,292

 

 

$

58,409

 

 

$

44,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

32,886

 

 

$

18,495

 

 

$

78,364

 

 

$

44,711

 

All Other

 

 

13,829

 

 

 

5,799

 

 

 

23,303

 

 

 

12,324

 

Consolidated

 

$

46,715

 

 

$

24,294

 

 

$

101,667

 

 

$

57,035

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sept. 27,

 

 

Dec. 28,

 

 

Sept. 28,

 

 

 

 

 

 

 

2015

 

 

2014

 

 

2014

 

 

 

 

 

Total Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

1,647,731

 

 

$

1,399,057

 

 

$

1,341,167

 

 

 

 

 

All Other

 

 

73,695

 

 

 

44,629

 

 

 

42,159

 

 

 

 

 

Eliminations

 

 

(10,579

)

 

 

(10,610

)

 

 

(6,201

)

 

 

 

 

Consolidated

 

$

1,710,847

 

 

$

1,433,076

 

 

$

1,377,125

 

 

 

 

 

 

*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

Net sales by product category were as follows:

 

 

 

Third Quarter

 

 

First Nine Months

 

In Thousands

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Bottle/can sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sparkling beverages (including energy products)

 

$

387,955

 

 

$

286,830

 

 

$

1,082,266

 

 

$

829,622

 

Still beverages

 

 

120,372

 

 

 

81,540

 

 

 

302,427

 

 

 

217,878

 

Total bottle/can sales

 

 

508,327

 

 

 

368,370

 

 

 

1,384,693

 

 

 

1,047,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other sales:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales to other Coca-Cola bottlers

 

 

46,618

 

 

 

41,291

 

 

 

133,024

 

 

 

123,680

 

Post-mix and other

 

 

63,861

 

 

 

48,015

 

 

 

169,025

 

 

 

134,551

 

Total other sales

 

 

110,479

 

 

 

89,306

 

 

 

302,049

 

 

 

258,231

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net sales

 

$

618,806

 

 

$

457,676

 

 

$

1,686,742

 

 

$

1,305,731