XML 20 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2016
Jun. 28, 2015
Jul. 03, 2016
Jun. 28, 2015
Net sales $ 840,384 $ 614,683 $ 1,465,840 $ 1,067,936
Cost of sales 520,677 377,366 902,235 646,246
Gross margin 319,707 237,317 563,605 421,690
Selling, delivery and administrative expenses 264,971 199,001 496,468 366,472
Income from operations 54,736 38,316 67,137 55,218
Interest expense, net 9,808 6,718 19,169 14,065
Other income (expense), net (16,274) 6,078 (33,425) 989
Gain (loss) on exchange of franchise territory (692) 8,807 (692) 8,807
Income before income taxes 27,962 46,483 13,851 50,949
Income tax expense 10,638 17,562 5,560 19,075
Net income 17,324 28,921 8,291 31,874
Less: Net income attributable to noncontrolling interest 1,672 1,987 2,680 2,716
Net income attributable to Coca-Cola Bottling Co. Consolidated $ 15,652 $ 26,934 $ 5,611 $ 29,158
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.68 $ 2.90 $ 0.60 $ 3.14
Weighted average number of Common Stock shares outstanding 7,141 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.67 $ 2.89 $ 0.60 $ 3.13
Weighted average number of Common Stock shares outstanding – assuming dilution 9,353 9,332 9,345 9,324
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.50 $ 0.50
Class B Common Stock [Member]        
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.68 $ 2.90 $ 0.60 $ 3.14
Weighted average number of Common Stock shares outstanding 2,172 2,151 2,164 2,143
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:        
Common Stock $ 1.67 $ 2.88 $ 0.59 $ 3.12
Weighted average number of Common Stock shares outstanding – assuming dilution 2,212 2,191 2,204 2,183
Cash dividends per share:        
Cash dividend per share $ 0.25 $ 0.25 $ 0.50 $ 0.50