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Segments (Tables)
 3 Months Ended
Apr. 02, 2017
Segment Reporting [Abstract]  
Summary of Financial Information by Reportable Segment

The Company’s results for its two reportable segments are as follows:

 

 

 

First Quarter

 

(in thousands)

 

2017

 

 

2016

 

Net sales:

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

832,395

 

 

$

606,928

 

All Other

 

 

76,792

 

 

 

45,709

 

Eliminations(1)

 

 

(43,485

)

 

 

(27,181

)

Consolidated net sales

 

$

865,702

 

 

$

625,456

 

 

 

 

 

 

 

 

 

 

Income from operations:

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

11,534

 

 

$

10,968

 

All Other

 

 

2,074

 

 

 

1,433

 

Consolidated income from operations

 

$

13,608

 

 

$

12,401

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization:

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

33,002

 

 

$

22,908

 

All Other

 

 

1,979

 

 

 

1,482

 

Consolidated depreciation and amortization

 

$

34,981

 

 

$

24,390

 

 

 

 

 

 

 

 

 

 

Capital expenditures (exclusive of acquisition):

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

31,197

 

 

$

24,994

 

All Other

 

 

4,114

 

 

 

6,658

 

Consolidated capital expenditures

 

$

35,311

 

 

$

31,652

 

 

(in thousands)

 

April 2, 2017

 

 

January 1, 2017

 

Total assets:

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

2,562,969

 

 

$

2,349,284

 

All Other

 

 

107,608

 

 

 

105,785

 

Eliminations(1)

 

 

(5,757

)

 

 

(5,585

)

Consolidated total assets

 

$

2,664,820

 

 

$

2,449,484

 

 

 

(1)

The entire net sales elimination for each year presented represents 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. Asset eliminations relate to eliminations of intercompany receivables and payables between the Nonalcoholic Beverages and All Other segments.
Net Sales by Product Category

Net sales by product category were as follows:

 

 

 

First Quarter

 

(in thousands)

 

2017

 

 

2016

 

Bottle/can sales(1):

 

 

 

 

 

 

 

 

Sparkling beverages (carbonated)

 

$

479,760

 

 

$

352,670

 

Still beverages (noncarbonated, including energy products)

 

 

256,058

 

 

 

166,190

 

Total bottle/can sales

 

 

735,818

 

 

 

518,860

 

 

 

 

 

 

 

 

 

 

Other sales:

 

 

 

 

 

 

 

 

Sales to other Coca-Cola bottlers

 

 

64,730

 

 

 

50,210

 

Post-mix and other

 

 

65,154

 

 

 

56,386

 

Total other sales

 

 

129,884

 

 

 

106,596

 

 

 

 

 

 

 

 

 

 

Total net sales

 

$

865,702

 

 

$

625,456

 

 

 

(1)

During the second quarter of 2016, energy products were moved from the category of sparkling beverages to still beverages, which has been reflected in all periods presented. Total bottle/can sales remain unchanged in prior periods.