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Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2017
The Coca-Cola Company [Member]  
Summary of Significant Transactions between Company and The Coca-Cola Company

The following table and the subsequent descriptions summarize the significant transactions between the Company and The Coca‑Cola Company:

 

 

 

Fiscal Year

 

(in thousands)

 

2017

 

 

2016

 

 

2015

 

Payments made by the Company to The Coca-Cola Company for:

 

 

 

 

 

 

 

 

 

 

 

 

Concentrate, syrup, sweetener and other purchases

 

$

1,085,898

 

 

$

669,783

 

 

$

482,673

 

Customer marketing programs

 

 

139,542

 

 

 

116,537

 

 

 

70,754

 

Cold drink equipment parts

 

 

25,381

 

 

 

21,558

 

 

 

16,260

 

Glacéau distribution agreement consideration

 

 

15,598

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payments made by The Coca-Cola Company to the Company for:

 

 

 

 

 

 

 

 

 

 

 

 

Conversion of bottling agreements

 

$

91,450

 

 

$

-

 

 

$

-

 

Marketing funding support payments

 

 

83,177

 

 

 

73,513

 

 

 

56,284

 

Fountain delivery and equipment repair fees

 

 

35,335

 

 

 

27,624

 

 

 

17,400

 

Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility)

 

 

30,647

 

 

 

-

 

 

 

-

 

Portion of Legacy Facilities Credit related to Mobile, Alabama facility

 

 

12,364

 

 

 

-

 

 

 

-

 

Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers

 

 

10,474

 

 

 

7,193

 

 

 

4,670

 

Cold drink equipment

 

 

8,400

 

 

 

-

 

 

 

-

 

Presence marketing funding support on the Company’s behalf

 

 

4,843

 

 

 

2,064

 

 

 

2,415

 

 

CCR [Member]  
Summary of Purchases and Sales Arrangements Between Related Parties

The following table summarizes purchases and sales under these arrangements between the Company and CCR:

 

 

 

Fiscal Year

 

(in thousands)

 

2017

 

 

2016

 

 

2015

 

Purchases from CCR

 

$

114,891

 

 

$

269,575

 

 

$

229,954

 

Gross sales to CCR

 

 

76,718

 

 

 

72,568

 

 

 

30,500

 

Sales to CCR for transporting CCR's product

 

 

2,036

 

 

 

21,940

 

 

 

16,523

 

 

Schedule of Asset Purchase and Asset Exchange Transactions for the Acquisition and Exchange of Expansion Territories and Facilities

the Company and CCR recently concluded a series of System Transformation Transactions involving several asset purchase and asset exchange transactions for the acquisition and exchange of the following Expansion Territories and Expansion Facilities:

 

Expansion Territories

 

Definitive

Agreement Date

 

Acquisition /

Exchange Date

Johnson City and Morristown, Tennessee

 

May 7, 2014

 

May 23, 2014

Knoxville, Tennessee

 

August 28, 2014

 

October 24, 2014

Cleveland and Cookeville, Tennessee

 

December 5, 2014

 

January 30, 2015

Louisville, Kentucky and Evansville, Indiana

 

December 17, 2014

 

February 27, 2015

Paducah and Pikeville, Kentucky

 

February 13, 2015

 

May 1, 2015

Lexington, Kentucky for Jackson, Tennessee Exchange

 

October 17, 2014

 

May 1, 2015

Norfolk, Fredericksburg and Staunton, Virginia and Elizabeth City, North Carolina

 

September 23, 2015

 

October 30, 2015

Easton and Salisbury, Maryland and Richmond and Yorktown, Virginia

 

September 23, 2015

 

January 29, 2016

Alexandria, Virginia and Capitol Heights and La Plata, Maryland

 

September 23, 2015

 

April 1, 2016

Baltimore, Hagerstown and Cumberland, Maryland

 

September 23, 2015

 

April 29, 2016

Cincinnati, Dayton, Lima and Portsmouth, Ohio and Louisa, Kentucky

 

September 1, 2016

1

October 28, 2016

Anderson, Fort Wayne, Lafayette, South Bend and Terre Haute, Indiana

 

September 1, 2016

 

January 27, 2017

Indianapolis and Bloomington, Indiana and Columbus and Mansfield, Ohio

 

September 1, 2016

 

March 31, 2017

Akron, Elyria, Toledo, Willoughby and Youngstown, Ohio

 

April 13, 2017

 

April 28, 2017

Memphis, Tennessee

 

September 29, 2017

 

October 2, 2017

Little Rock and West Memphis, Arkansas for Leroy, Mobile and Robertsdale, Alabama, Panama City, Florida, Bainbridge, Columbus and Sylvester, Georgia, Ocean Springs, Mississippi and Somerset, Kentucky (as part of the CCR Exchange Transaction)

 

September 29, 2017

 

October 2, 2017

 

 

 

 

 

Expansion Facilities

 

Definitive

Agreement Date

 

Acquisition /

Exchange Date

Annapolis, Maryland Make-Ready Center

 

October 30, 2015

 

October 30, 2015

Sandston, Virginia

 

October 30, 2015

 

January 29, 2016

Silver Spring and Baltimore, Maryland

 

October 30, 2015

 

April 29, 2016

Cincinnati, Ohio

 

September 1, 2016

 

October 28, 2016

Indianapolis and Portland, Indiana

 

September 1, 2016

 

March 31, 2017

Twinsburg, Ohio

 

April 13, 2017

 

April 28, 2017

Memphis, Tennessee and West Memphis, Arkansas for Mobile, Alabama (as part of the CCR Exchange Transaction)

 

September 29, 2017

 

October 2, 2017

 

 

(1)

As amended by Amendment No. 1, dated January 27, 2017.

Beacon [Member]  
Minimum Rentals and Contingent Rental Payments

The minimum rentals and contingent rental payments related to this lease were as follows:

 

 

Fiscal Year

 

(in thousands)

 

2017

 

 

2016

 

 

2015

 

Minimum rentals

 

$

3,509

 

 

$

3,526

 

 

$

3,540

 

Contingent rentals

 

 

877

 

 

 

767

 

 

 

682

 

Total rental payments

 

$

4,386

 

 

$

4,293

 

 

$

4,222