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

	First Quarter
In Thousands (Except Per Share Data)	2016			2015
Numerator for basic and diluted net income (loss) per Common Stock and Class B Common Stock share:

Net income (loss) attributable to Coca-Cola Bottling Co. Consolidated	$	(10,041	)	$	2,224
Less dividends:
Common Stock		1,785			1,785
Class B Common Stock		538			532
Total undistributed earnings	$	(12,364	)	$	(93	)

Common Stock undistributed earnings – basic	$	(9,496	)	$	(72	)
Class B Common Stock undistributed earnings – basic		(2,868	)		(21	)
Total undistributed earnings – basic	$	(12,364	)	$	(93	)

Common Stock undistributed earnings – diluted	$	(9,496	)	$	(71	)
Class B Common Stock undistributed earnings – diluted		(2,868	)		(22	)
Total undistributed earnings – diluted	$	(12,364	)	$	(93	)

Numerator for basic net income (loss) per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Common Stock undistributed earnings – basic		(9,496	)		(72	)
Numerator for basic net income (loss) per Common Stock share	$	(7,711	)	$	1,713

Numerator for basic net income (loss) per Class B Common Stock share:
Dividends on Class B Common Stock	$	538		$	532
Class B Common Stock undistributed earnings – basic		(2,868	)		(21	)
Numerator for basic net income (loss) per Class B Common Stock share	$	(2,330	)	$	511

	First Quarter
In Thousands (Except Per Share Data)	2016			2015
Numerator for diluted net income (loss) per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Dividends on Class B Common Stock assumed converted to Common Stock		538			532
Common Stock undistributed earnings – diluted		(12,364	)		(93	)
Numerator for diluted net income (loss) per Common Stock share	$	(10,041	)	$	2,224

Numerator for diluted net income (loss) per Class B Common Stock share:
Dividends on Class B Common Stock	$	538		$	532
Class B Common Stock undistributed earnings – diluted		(2,868	)		(22	)
Numerator for diluted net income (loss) per Class B Common Stock share	$	(2,330	)	$	510

Denominator for basic net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding – basic		7,141			7,141
Class B Common Stock weighted average shares outstanding – basic		2,157			2,136

Denominator for diluted net income (loss) 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)		9,298			9,317
Class B Common Stock weighted average shares outstanding – diluted		2,157			2,176

Basic net income (loss) per share:
Common Stock	$	(1.08	)	$	0.24

Class B Common Stock	$	(1.08	)	$	0.24

Diluted net income (loss) per share:
Common Stock	$	(1.08	)	$	0.24

Class B Common Stock	$	(1.08	)	$	0.23

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.