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Net Income Per Share (Tables) | 6 Months Ended
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Jul. 01, 2012
Net Income Per Share [Abstract] |
Computation of basic net income per share and diluted 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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