XML 34 R60.htm IDEA: XBRL DOCUMENT v3.19.3
Segments - Summary of Financial Information by Segment (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Net sales:        
Net sales $ 1,271,029 $ 1,204,033 $ 3,647,600 $ 3,488,793
Income from operations:        
Income (loss) from operations 53,846 44,404 141,214 45,086
Depreciation and amortization:        
Depreciation and amortization 45,588 46,589 136,416 140,496
Operating Segments [Member] | Nonalcoholic Beverages [Member]        
Net sales:        
Net sales [1] 1,236,261 1,172,584 3,547,373 3,405,288
Income from operations:        
Income (loss) from operations 48,248 39,361 120,613 32,705
Depreciation and amortization:        
Depreciation and amortization 43,067 44,050 128,986 133,095
Operating Segments [Member] | All Other [Member]        
Net sales:        
Net sales 92,501 93,493 275,358 273,490
Income from operations:        
Income (loss) from operations 5,598 5,043 20,601 12,381
Depreciation and amortization:        
Depreciation and amortization 2,521 2,539 7,430 7,401
Eliminations [Member]        
Net sales:        
Net sales [2] $ (57,733) $ (62,044) $ (175,131) $ (189,985)
[1] The Company historically presented consideration paid to customers under certain contractual arrangements for exclusive distribution rights and sponsorship privileges as a marketing expense within SD&A expenses. The Company has now determined such amounts should be presented as a reduction to net sales and has revised the presentation of previously issued financial statements to correct for this error. Net sales and SD&A expenses were revised by $7.6 million in the third quarter of 2018 and $22.2 million in the first nine months of 2018. See Note 4 to the condensed consolidated financial statements for additional information.
[2] The entire net sales elimination for each period presented represents net sales from All Other to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.