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

	Second Quarter				First Half
In Thousands (Except Per Share Data)	2016		2015		2016		2015
Numerator for basic and diluted net income per Common Stock and Class B Common Stock share:
Net income attributable to Coca-Cola Bottling Co. Consolidated	$	15,652	$	26,934	$	5,611	$	29,158
Less dividends:
Common Stock		1,786		1,786		3,571		3,571
Class B Common Stock		543		538		1,081		1,070
Total undistributed earnings	$	13,323	$	24,610	$	959	$	24,517

Common Stock undistributed earnings – basic	$	10,216	$	18,913	$	736	$	18,858
Class B Common Stock undistributed earnings – basic		3,107		5,697		223		5,659
Total undistributed earnings – basic	$	13,323	$	24,610	$	959	$	24,517

Common Stock undistributed earnings – diluted	$	10,172	$	18,832	$	733	$	18,777
Class B Common Stock undistributed earnings – diluted		3,151		5,778		226		5,740
Total undistributed earnings – diluted	$	13,323	$	24,610	$	959	$	24,517

Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	1,786	$	1,786	$	3,571	$	3,571
Common Stock undistributed earnings – basic		10,216		18,913		736		18,858
Numerator for basic net income per Common Stock share	$	12,002	$	20,699	$	4,307	$	22,429

Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	543	$	538	$	1,081	$	1,070
Class B Common Stock undistributed earnings – basic		3,107		5,697		223		5,659
Numerator for basic net income per Class B Common Stock share	$	3,650	$	6,235	$	1,304	$	6,729

Numerator for diluted net income per Common Stock share:
Dividends on Common Stock	$	1,786	$	1,786	$	3,571	$	3,571
Dividends on Class B Common Stock assumed converted to Common Stock		543		538		1,081		1,070
Common Stock undistributed earnings – diluted		13,323		24,610		959		24,517
Numerator for diluted net income per Common Stock share	$	15,652	$	26,934	$	5,611	$	29,158

Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	543	$	538	$	1,081	$	1,070
Class B Common Stock undistributed earnings – diluted		3,151		5,778		226		5,740
Numerator for diluted net income per Class B Common Stock share	$	3,694	$	6,316	$	1,307	$	6,810

	Second Quarter				First Half
In Thousands (Except Per Share Data)	2016		2015		2016		2015
Denominator for basic net income per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding – basic		7,141		7,141		7,141		7,141
Class B Common Stock weighted average shares outstanding – basic		2,172		2,151		2,164		2,143

Denominator for diluted net income 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)		9,353		9,332		9,345		9,324
Class B Common Stock weighted average shares outstanding – diluted		2,212		2,191		2,204		2,183

Basic net income per share:
Common Stock	$	1.68	$	2.90	$	0.60	$	3.14
Class B Common Stock	$	1.68	$	2.90	$	0.60	$	3.14

Diluted net income per share:
Common Stock	$	1.67	$	2.89	$	0.60	$	3.13
Class B Common Stock	$	1.67	$	2.88	$	0.59	$	3.12

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.