23. Segments

The Company evaluates segment reporting in accordance with the 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. Prior to the sale of BYB, the Company believed five operating segments existed. Two operating segments, Franchised Nonalcoholic Beverages and Internally-Developed Nonalcoholic Beverages (made up entirely of BYB), 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. After the sale of BYB, the Company believes four operating segments exist. 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:

In Thousands	2015			2014			2013
Net Sales:
Nonalcoholic Beverages	$	2,245,836		$	1,710,040		$	1,613,309
All Other		160,191			123,194			108,224
Eliminations*		(99,569	)		(86,865	)		(80,202	)
Consolidated	$	2,306,458		$	1,746,369		$	1,641,331

Operating Income:
Nonalcoholic Beverages	$	92,921		$	82,297		$	66,084
All Other		5,223			3,670			7,563
Consolidated	$	98,144		$	85,967		$	73,647

Depreciation and Amortization:
Nonalcoholic Beverages	$	76,127		$	58,103		$	56,266
All Other		4,769			3,027			2,405
Consolidated	$	80,896		$	61,130		$	58,671

Capital Expenditures:
Nonalcoholic Beverages	$	141,080		$	69,635		$	47,241
All Other		27,627			16,739			6,923
Consolidated	$	168,707		$	86,374		$	54,164

Total Assets:
Nonalcoholic Beverages	$	1,808,335		$	1,399,057		$	1,252,286
All Other		75,842			44,629			36,671
Eliminations		(33,361	)		(10,610	)		(12,801	)
Consolidated	$	1,850,816		$	1,433,076		$	1,276,156

*	NOTE - The entire 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 in 2015, 2014 and 2013 by product category were as follows:

	Fiscal Year
In Thousands	2015		2014		2013
Bottle/can sales:
Sparkling beverages (including energy products)	$	1,503,683	$	1,124,802	$	1,063,154
Still beverages		397,901		279,138		247,561
Total bottle/can sales		1,901,584		1,403,940		1,310,715
Other sales:
Sales to other Coca-Cola bottlers		178,777		162,346		166,476
Post-mix and other		226,097		180,083		164,140
Total other sales		404,874		342,429		330,616
Total net sales	$	2,306,458	$	1,746,369	$	1,641,331

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