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Net Income Per Share | 6 Months Ended
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Jul. 01, 2012
Net Income Per Share [Abstract] |
Net Income Per Share |
21. | Net Income Per Share
The following table sets forth the computation of basic net income per share and diluted net income per share under the two-class method:
|  | Second Quarter |  |  | First Half |
In Thousands (Except Per Share Data) |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Numerator for basic and diluted net income per Common Stock and Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Coca-Cola Bottling Co. Consolidated |  | $ | 10,747 |  |  | $ | 11,101 |  |  | $ | 15,312 |  |  | $ | 17,014 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 1,785 |  |  |  | 1,785 |  |  |  | 3,571 |  |  |  | 3,571 |
Class B Common Stock |  |  | 522 |  |  |  | 517 |  |  |  | 1,039 |  |  |  | 1,028 |
Total undistributed earnings |  | $ | 8,440 |  |  | $ | 8,799 |  |  | $ | 10,702 |  |  | $ | 12,415 |
Common Stock undistributed earnings – basic |  | $ | 6,530 |  |  | $ | 6,824 |  |  | $ | 8,287 |  |  | $ | 9,636 |
Class B Common Stock undistributed earnings – basic |  |  | 1,910 |  |  |  | 1,975 |  |  |  | 2,415 |  |  |  | 2,779 |
Total undistributed earnings – basic |  | $ | 8,440 |  |  | $ | 8,799 |  |  | $ | 10,702 |  |  | $ | 12,415 |
Common Stock undistributed earnings – diluted |  | $ | 6,502 |  |  | $ | 6,794 |  |  | $ | 8,251 |  |  | $ | 9,595 |
Class B Common Stock undistributed earnings – diluted |  |  | 1,938 |  |  |  | 2,005 |  |  |  | 2,451 |  |  |  | 2,820 |
Total undistributed earnings – diluted |  | $ | 8,440 |  |  | $ | 8,799 |  |  | $ | 10,702 |  |  | $ | 12,415 |
Numerator for basic net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 3,571 |  |  | $ | 3,571 |
Common Stock undistributed earnings – basic |  |  | 6,530 |  |  |  | 6,824 |  |  |  | 8,287 |  |  |  | 9,636 |
Numerator for basic net income per Common Stock share |  | $ | 8,315 |  |  | $ | 8,609 |  |  | $ | 11,858 |  |  | $ | 13,207 |
Numerator for basic net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 522 |  |  | $ | 517 |  |  | $ | 1,039 |  |  | $ | 1,028 |
Class B Common Stock undistributed earnings – basic |  |  | 1,910 |  |  |  | 1,975 |  |  |  | 2,415 |  |  |  | 2,779 |
Numerator for basic net income per Class B Common Stock share |  | $ | 2,432 |  |  | $ | 2,492 |  |  | $ | 3,454 |  |  | $ | 3,807 |
|  | Second Quarter |  |  | First Half |
In Thousands (Except Per Share Data) |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Numerator for diluted net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 3,571 |  |  | $ | 3,571 |
Dividends on Class B Common Stock assumed converted to Common Stock |  |  | 522 |  |  |  | 517 |  |  |  | 1,039 |  |  |  | 1,028 |
Common Stock undistributed earnings – diluted |  |  | 8,440 |  |  |  | 8,799 |  |  |  | 10,702 |  |  |  | 12,415 |
Numerator for diluted net income per Common Stock share |  | $ | 10,747 |  |  | $ | 11,101 |  |  | $ | 15,312 |  |  | $ | 17,014 |
Numerator for diluted net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 522 |  |  | $ | 517 |  |  | $ | 1,039 |  |  | $ | 1,028 |
Class B Common Stock undistributed earnings – diluted |  |  | 1,938 |  |  |  | 2,005 |  |  |  | 2,451 |  |  |  | 2,820 |
Numerator for diluted net income per Class B Common Stock share |  | $ | 2,460 |  |  | $ | 2,522 |  |  | $ | 3,490 |  |  | $ | 3,848 |
|  | Second Quarter |  |  | First Half |
In Thousands (Except Per Share Data) |  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Denominator for basic net income per Common Stock and Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock weighted average shares outstanding – basic |  |  | 7,141 |  |  |  | 7,141 |  |  |  | 7,141 |  |  |  | 7,141 |
Class B Common Stock weighted average shares outstanding – basic |  |  | 2,089 |  |  |  | 2,067 |  |  |  | 2,081 |  |  |  | 2,059 |
Denominator for diluted net income 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) |  |  | 9,270 |  |  |  | 9,248 |  |  |  | 9,262 |  |  |  | 9,240 |
Class B Common Stock weighted average shares outstanding – diluted |  |  | 2,129 |  |  |  | 2,107 |  |  |  | 2,121 |  |  |  | 2,099 |
Basic net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.16 |  |  | $ | 1.21 |  |  | $ | 1.66 |  |  | $ | 1.85 |
Class B Common Stock |  | $ | 1.16 |  |  | $ | 1.21 |  |  | $ | 1.66 |  |  | $ | 1.85 |
Diluted net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.16 |  |  | $ | 1.20 |  |  | $ | 1.65 |  |  | $ | 1.84 |
Class B Common Stock |  | $ | 1.16 |  |  | $ | 1.20 |  |  | $ | 1.65 |  |  | $ | 1.83 |
NOTES TO TABLE
(1) | For purposes of the diluted net income 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 income 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) | Denominator for diluted net income per share for Common Stock and Class B Common Stock includes the dilutive effect of shares relative to the Performance Unit Award.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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