21.Segments

The Company evaluates segment reporting in accordance with FASB Accounting Standards Codification (“ASC”) 280, Segment Reporting, each reporting period, including evaluating the reporting package reviewed by the Chief Operation Decision Maker (“CODM”). The Company has concluded the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, as a group, represent the CODM.

The Company believes four operating segments exist. Nonalcoholic Beverages represents the vast majority of the Company’s consolidated revenues, operating income, and assets. The remaining three operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate, and therefore have been combined into an “All Other” reportable segment.

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

	Second Quarter						First Half
(in thousands)	2017			2016			2017			2016
Net sales:
Nonalcoholic Beverages	$	1,108,175		$	817,880		$	1,940,570		$	1,424,808
All Other		119,669			58,397			196,461			104,106
Eliminations⁽¹⁾		(58,553	)		(35,893	)		(102,038	)		(63,074	)
Consolidated net sales	$	1,169,291		$	840,384		$	2,034,993		$	1,465,840

Income from operations:
Nonalcoholic Beverages	$	42,169		$	52,878		$	53,703		$	63,846
All Other		5,144			1,858			7,218			3,291
Consolidated income from operations	$	47,313		$	54,736		$	60,921		$	67,137

Depreciation and amortization:
Nonalcoholic Beverages	$	40,013		$	26,298		$	73,015		$	49,206
All Other		2,053			1,641			4,032			3,123
Consolidated depreciation and amortization	$	42,066		$	27,939		$	77,047		$	52,329

Capital expenditures (exclusive of acquisition):
Nonalcoholic Beverages	$	65,346		$	35,832		$	96,543		$	60,826
All Other		8,983			7,221			13,097			13,879
Consolidated capital expenditures	$	74,329		$	43,053		$	109,640		$	74,705

(in thousands)	July 2, 2017			January 1, 2017
Total assets:
Nonalcoholic Beverages	$	2,784,412		$	2,349,284
All Other		112,065			105,785
Eliminations⁽¹⁾		(5,036	)		(5,585	)
Consolidated total assets	$	2,891,441		$	2,449,484

⁽¹⁾

The entire net sales elimination for each period 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 were as follows:

	Second Quarter				First Half
(in thousands)	2017		2016		2017		2016
Bottle/can sales⁽¹⁾:
Sparkling beverages (carbonated)	$	607,623	$	464,859	$	1,087,383	$	817,529
Still beverages (noncarbonated, including energy products)		368,955		246,371		625,013		412,561
Total bottle/can sales		976,578		711,230		1,712,396		1,230,090

Other sales:
Sales to other Coca-Cola bottlers		104,968		61,045		169,698		111,255
Post-mix and other		87,745		68,109		152,899		124,495
Total other sales		192,713		129,154		322,597		235,750

Total net sales	$	1,169,291	$	840,384	$	2,034,993	$	1,465,840

⁽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.