21.Net Loss Per Share

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

	First Quarter
(in thousands, except per share data)	2018			2017
Numerator for basic and diluted net loss per Common Stock and Class B Common Stock share:
Net loss attributable to Coca-Cola Bottling Co. Consolidated	$	(14,185	)	$	(5,051	)
Less dividends:
Common Stock		1,785			1,785
Class B Common Stock		548			543
Total undistributed losses	$	(16,518	)	$	(7,379	)

Common Stock undistributed losses – basic	$	(12,629	)	$	(5,654	)
Class B Common Stock undistributed losses – basic		(3,889	)		(1,725	)
Total undistributed losses – basic	$	(16,518	)	$	(7,379	)

Common Stock undistributed losses – diluted	$	(12,629	)	$	(5,654	)
Class B Common Stock undistributed losses – diluted		(3,889	)		(1,725	)
Total undistributed losses – diluted	$	(16,518	)	$	(7,379	)

Numerator for basic net loss per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Common Stock undistributed losses – basic		(12,629	)		(5,654	)
Numerator for basic net loss per Common Stock share	$	(10,844	)	$	(3,869	)

Numerator for basic net loss per Class B Common Stock share:
Dividends on Class B Common Stock	$	548		$	543
Class B Common Stock undistributed losses – basic		(3,889	)		(1,725	)
Numerator for basic net loss per Class B Common Stock share	$	(3,341	)	$	(1,182	)

Numerator for diluted net loss per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Dividends on Class B Common Stock assumed converted to Common Stock		548			543
Common Stock undistributed losses – diluted		(16,518	)		(7,379	)
Numerator for diluted net loss per Common Stock share	$	(14,185	)	$	(5,051	)

Numerator for diluted net loss per Class B Common Stock share:
Dividends on Class B Common Stock	$	548		$	543
Class B Common Stock undistributed losses – diluted		(3,889	)		(1,725	)
Numerator for diluted net loss per Class B Common Stock share	$	(3,341	)	$	(1,182	)

Denominator for basic net loss per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding – basic		7,141			7,141
Class B Common Stock weighted average shares outstanding – basic		2,199			2,178

Denominator for diluted net loss 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)		9,340			9,319
Class B Common Stock weighted average shares outstanding – diluted		2,199			2,178

	First Quarter
(in thousands, except per share data)	2018			2017
Basic net loss per share:
Common Stock	$	(1.52	)	$	(0.54	)
Class B Common Stock	$	(1.52	)	$	(0.54	)

Diluted net loss per share:
Common Stock	$	(1.52	)	$	(0.54	)
Class B Common Stock	$	(1.52	)	$	(0.54	)

The 36,800 unvested performance units granted to Mr. Harrison during the first quarter of 2018 pursuant to the Performance Unit Award Agreement were excluded from the calculation of diluted net loss per share for the first quarter of 2018, as the effect of this award would have been anti-dilutive.

NOTES TO TABLE

(1)	For purposes of the diluted net loss 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 loss 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)	The denominator for diluted net loss per share for Common Stock and Class B Common Stock includes the dilutive effect of shares relative to the Performance Unit Award Agreement.

(4)	The Company does not have anti-dilutive shares.