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Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 28, 2014
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Quarterly Financial Data | Set forth below are unaudited quarterly financial data for the fiscal years ended December 28, 2014 and December 29, 2013. Net sales in the third and fourth quarters of fiscal year ended December 28, 2014 include the sales in the May and October Expansion Territories.
In Thousands (except per share data) Year Ended December 28, 2014 |  | Quarter |
| 1(1) |  |  | 2(2)(3) |  |  | 3(3)(4) |  |  | 4(3)(5)(6) |
Net sales |  | $ | 388,582 |  |  | $ | 459,473 |  |  | $ | 457,676 |  |  | $ | 440,638 |
Gross margin |  |  | 156,333 |  |  |  | 185,520 |  |  |  | 184,942 |  |  |  | 178,444 |
Net income attributable to Coca-Cola Bottling Co. Consolidated |  |  | 2,449 |  |  |  | 13,783 |  |  |  | 12,132 |  |  |  | 2,990 |
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | .26 |  |  | $ | 1.49 |  |  | $ | 1.31 |  |  | $ | .32 |
Class B Common Stock |  | $ | .26 |  |  | $ | 1.49 |  |  | $ | 1.31 |  |  | $ | .32 |
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | .26 |  |  | $ | 1.48 |  |  | $ | 1.30 |  |  | $ | .32 |
Class B Common Stock |  | $ | .26 |  |  | $ | 1.48 |  |  | $ | 1.30 |  |  | $ | .32 |
In Thousands (except per share data) Year Ended December 29, 2013 |  | Quarter |
| 1 |  |  | 2(7) |  |  | 3(8)(9)(10) |  |  | 4(11)(12) |
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. Sales are seasonal with the highest sales volume occurring in the second and third quarters.
(1) | Net income in the first quarter of 2014 included $2.0 million ($1.2 million, net of tax, or $.13 per basic common share) expenses related to the Company’s franchise territory expansion.
(2) | Net income in the second quarter of 2014 included $3.1 million ($1.9 million, net of tax, or $.20 per basic common share) expenses related to the Company’s franchise territory expansion.
(3) | Net sales for the second, third, and fourth quarters of 2014 included $4.3 million, $11.8 million and $29.0 million, respectively, of sales related to the Expansion Territories.
(4) | Net income in the third quarter of 2014 included $2.6 million ($1.6 million, net of tax, or $.17 per basic common share) expenses related to the Company’s franchise territory expansion.
(5) | Net income in the fourth quarter of 2014 included $5.2 million ($3.2 million, net of tax, or $.34 per basic common share) expenses related to the Company’s franchise territory expansion.
(6) | Net income in the fourth quarter of 2014 included $1.1 million ($0.7 million, net of tax, or $0.07 per basic common share) expense related to the fair value adjustment for the acquisition related contingent consideration.
(7) | Net income in the second quarter of 2013 included $1.1 million ($0.6 million, net of tax, or $.07 per basic common share) expenses related to the Company’s franchise territory expansion.
(8) | Net income in the third quarter of 2013 included $1.6 million ($1.0 million, net of tax, or $.11 per basic common share) expenses related to the Company’s franchise territory expansion.
(9) | 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.
(10) | Net income in the third quarter of 2013 included a $2.3 million reduction to income tax expense ($0.24 per basic common share) related to state tax legislation enacted during 2013.
(11) | Net income in the fourth quarter of 2013 included $1.7 million, ($1.1 million net of tax, or $.12 per basic common share) expenses related to the Company’s franchise territory expansion.
(12) | 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.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=35737889&loc=d3e1280-108306 + Details
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