Set forth below are unaudited quarterly financial data for the fiscal years ended December 29, 2013 and December 30, 2012.

Year Ended December 29, 2013


In thousands (except per share data)	Quarter
In thousands (except per share data)	1⁽¹⁾⁽²⁾		2		3^(3)(4)(5)		4⁽⁶⁾
Net sales	$	383,551	$	428,979	$	434,464	$	394,337
Gross margin		153,699		170,315		176,112		158,514
Net income attributable to Coca-Cola Bottling Co. Consolidated		4,862		11,229		16,169		(4,585	)
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.53	$	1.21	$	1.75	$	(.50	)
Class B Common Stock	$	.53	$	1.21	$	1.75	$	(.50	)
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.52	$	1.21	$	1.74	$	(.50	)
Class B Common Stock	$	.52	$	1.21	$	1.74	$	(.50	)

The unvested performance units granted to Mr. Harrison in 2013 were excluded from the computation of diluted net earnings per share from the fourth quarter 2013 calculation, because their effect would have been anti-dilutive.

Year Ended December 30, 2012


In thousands (except per share data)	Quarter
In thousands (except per share data)	1⁽⁷⁾		2		3⁽⁸⁾		4^(9)(10)
Net sales	$	377,185	$	430,693	$	419,855	$	386,700
Gross margin		155,594		173,413		170,928		154,374
Net income attributable to Coca-Cola Bottling Co. Consolidated		4,565		10,747		10,079		1,826
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.50	$	1.16	$	1.09	$	.20
Class B Common Stock	$	.50	$	1.16	$	1.09	$	.20
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	.49	$	1.16	$	1.09	$	.20
Class B Common Stock	$	.49	$	1.16	$	1.08	$	.19

Sales are seasonal with the highest sales volume occurring in May, June, July and August.

(1)	Net income in the first quarter of 2013 included a $0.5 million ($0.3 million, net of tax, or $0.03 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(2)	Net income in the first quarter of 2013 included a $0.4 million credit to income tax expense ($0.04 per basic common share) related to the American Taxpayer Relief Act.

(3)	Net income in the third quarter of 2013 included a $3.1 million ($1.9 million, net of tax, or $0.20 per basic common share) credit related to a refund of 2012 cooperative trade marketing funds paid by the Company to The Coca-Cola Company that were not spent in 2012.

(4)	Net income in the third quarter of 2013 included a $0.9 million credit to income tax expense ($0.10 per basic common share) related to the reduction of the liability for uncertain tax positions due mainly to the expiration of applicable statute of limitations.

(5)	Net income in the third quarter of 2013 included a $2.3 million credit to income tax expense ($0.24 per basic common share) related to state tax legislation enacted during 2013.

(6)	Net income in the fourth quarter of 2013 included a $12.0 million ($7.3 million, net of tax, or $0.79 per basic common share) noncash settlement charge related to a voluntary lump-sum pension distribution.

(7)	Net income in the first quarter of 2012 included a $0.7 million debit to income tax expense ($0.08 per basic common share) to increase the valuation allowance for certain deferred tax assets of the Company.

(8)	Net income in the third quarter of 2012 included a $1.0 million ($0.6 million, net of tax, or $0.07 per basic common share) credit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(9)	Net income in the fourth quarter of 2012 included a $0.5 million ($0.3 million, net of tax, or $0.03 per basic common share) debit for a mark-to-market adjustment related to the Company’s commodity hedging program.

(10)	Net income in the fourth quarter of 2012 included a $0.6 million debit to income tax expense ($0.07 per basic common share) to increase the valuation allowance for certain deferred tax assets of the Company.