Acquisitions and Divestitures (Tables)

12 Months Ended

Jan. 03, 2016

Schedule of Unaudited Pro Forma Net Sales

The following table represents the unaudited pro forma net sales for the Company assuming the 2015 Expansion Territory acquisitions had occurred on December 29, 2014.  The pro forma combined net sales does not necessarily reflect what the combined Company’s net sales would have been had the acquisition occurred on the dates indicated. It also may not be useful in predicting the future financial results of the combined company. The actual results may differ significantly from the pro forma amounts reflected herein due to a variety of factors.

		2015 Net Sales Pro Forma
		Adjustments		Pro Forma
As Reported		(Unaudited)		(Unaudited)
$	2,306,458	$	170,743	$	2,477,201

2014 Acquisition [Member]

Summary of Fair Values of Acquired Assets and Assumed Liabilities as of Acquisition Date

The fair values of acquired assets and assumed liabilities as of the acquisition dates are summarized as follows:

	Johnson City/
	Morristown		Knoxville
In Thousands	Territory		Territory
Cash	$	46	$	108
Inventories		1,150		2,100
Prepaid expenses and other current assets		315		1,893
Accounts receivable from The Coca-Cola Company		482		0
Property, plant and equipment		8,495		17,229
Other assets		361		221
Goodwill		571		4,698
Other identifiable intangible assets		13,800		37,400
Total acquired assets	$	25,220	$	63,649
Current liabilities (acquisition related contingent consideration)	$	1,005	$	2,426
Other current liabilities		23		2,351
Accounts payable to The Coca-Cola Company		0		105
Other liabilities (including deferred taxes)		473		0
Other liabilities (acquisition related contingent consideration)		11,564		27,834
Total assumed liabilities	$	13,065	$	32,716

Summary of Fair Value Acquired Identifiable Intangible Assets

The fair value of the acquired identifiable intangible assets is as follows:

	Johnson City/
	Morristown		Knoxville		Estimated
In Thousands	Territory		Territory		Useful Lives
Distribution agreements	$	13,200	$	36,400	40 years
Customer lists		600		1,000	12 years
Total	$	13,800	$	37,400

2015 Acquisition [Member]

Summary of Fair Values of Acquired Assets and Assumed Liabilities as of Acquisition Date

The fair values of acquired assets and assumed liabilities of the January, February, May and October Expansion Territories and the Annapolis, Maryland make-ready center are summarized as follows:

In Thousands	January Expansion Territory		February Expansion Territory		May Expansion Territory		October Expansion Territory		Annapolis MRC
Cash	$	59	$	105	$	45	$	160	$	0
Inventories		1,238		1,268		1,045		2,564		109
Prepaid expenses and other current assets		714		1,108		224		1,110		0
Property, plant and equipment		6,722		16,604		6,584		25,933		8,493
Other assets (including deferred taxes)		336		1,147		510		4,170		0
Goodwill		1,280		1,523		942		6,574		0
Other identifiable intangible assets		12,950		20,350		1,700		49,100		0
Total acquired assets	$	23,299	$	42,105	$	11,050	$	89,611	$	8,602
Current liabilities (acquisition related contingent consideration)	$	843	$	1,659	$	281	$	547	$	0
Other current liabilities		125		974		494		4,005		0
Other liabilities		0		823		10		0		1,265
Other liabilities (acquisition related contingent consideration)		9,131		20,625		2,748		58,925		0
Total assumed liabilities	$	10,099	$	24,081	$	3,533	$	63,477	$	1,265

Summary of Fair Value Acquired Identifiable Intangible Assets

The fair value of the acquired identifiable intangible assets as of the January, February, May and October Expansion Territories are as follows:

In Thousands	January Expansion Territory		February Expansion Territory		May Expansion Territory		October Expansion Territory		Estimated UsefulLives
Distribution agreements	$	12,400	$	19,200	$	1,500	$	47,900	40 years
Customer lists		550		1,150		200		1,200	12 years
Total	$	12,950	$	20,350	$	1,700	$	49,100

Lexington Expansion [Member]

Summary of Fair Values of Acquired Assets and Assumed Liabilities as of Acquisition Date

The fair value of acquired assets and assumed liabilities related to the Lexington Expansion Territory as of the exchange date are summarized as follows:

	Lexington
	Expansion
In Thousands	Territory
Cash	$	56
Inventories		2,712
Prepaid expenses and other current assets		442
Property, plant and equipment		12,682
Other assets		48
Franchise rights		18,200
Goodwill		2,537
Other identifiable intangible assets		1,000
Total acquired assets	$	37,677
Current liabilities	$	926
Total assumed liabilities	$	926

Summary of Fair Value Acquired Identifiable Intangible Assets

The fair value of the acquired identifiable intangible assets is as follows:

	Lexington
	Expansion		Estimated
In Thousands	Territory		Useful Lives
Franchise rights	$	18,200	Indefinite
Distribution agreements		200	40 years
Customer lists		800	12 years
Total	$	19,200