XML 43 R28.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segments | 6 Months Ended
--- | ---
Jun. 28, 2015
Segment Reporting [Abstract] |
Segments | 20. Segments The Company evaluates segment reporting in accordance with the Financial Accounting Standards Board (“FASB”) ASC 280, Segment Reporting each reporting period, including evaluating the reporting package reviewed by the Chief Operation Decision Maker (“CODM”). The Company has concluded the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, as a group, represent the CODM. The Company believes five operating segments exist. Two operating segments, Franchised Nonalcoholic Beverages and Internally-Developed Nonalcoholic Beverages, have been aggregated due to their similar economic characteristics as well as the similarity of products, production processes, types of customers, methods of distribution, and nature of the regulatory environment. This combined segment, Nonalcoholic Beverages, represents the vast majority of the Company’s consolidated revenues, operating income, and assets. The remaining three operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate. As a result, these three operating segments have been combined into an “All Other” reportable segment. The Company’s segment results are as follows:
|  | Second Quarter |  |  | First Half |
In Thousands |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 599,607 |  |  | $ | 450,505 |  |  | $ | 1,041,290 |  |  | $ | 831,759 |
All Other |  |  | 40,693 |  |  |  | 31,886 |  |  |  | 74,508 |  |  |  | 59,108 |
Eliminations* |  |  | (25,617 | ) |  |  | (22,918 | ) |  |  | (47,862 | ) |  |  | (42,812 | )
Consolidated |  | $ | 614,683 |  |  | $ | 459,473 |  |  | $ | 1,067,936 |  |  | $ | 848,055 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 37,061 |  |  | $ | 29,990 |  |  | $ | 52,392 |  |  | $ | 41,580 |
All Other |  |  | 1,255 |  |  |  | 1,274 |  |  |  | 2,826 |  |  |  | 1,800 |
Consolidated |  | $ | 38,316 |  |  | $ | 31,264 |  |  | $ | 55,218 |  |  | $ | 43,380 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 18,638 |  |  | $ | 14,175 |  |  | $ | 35,342 |  |  | $ | 28,088 |
All Other |  |  | 1,079 |  |  |  | 699 |  |  |  | 2,032 |  |  |  | 1,355 |
Consolidated |  | $ | 19,717 |  |  | $ | 14,874 |  |  | $ | 37,374 |  |  | $ | 29,443 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 26,226 |  |  | $ | 12,526 |  |  | $ | 45,478 |  |  | $ | 26,216 |
All Other |  |  | 2,334 |  |  |  | 3,382 |  |  |  | 9,474 |  |  |  | 6,525 |
Consolidated |  | $ | 28,560 |  |  | $ | 15,908 |  |  | $ | 54,952 |  |  | $ | 32,741 |
|  | June 28, |  |  | Dec. 28, |  |  | June 29, |  |  |  |  |
|  | 2015 |  |  | 2014 |  |  | 2014 |  |  |  |  |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 1,658,706 |  |  | $ | 1,399,057 |  |  | $ | 1,347,240 |  |  |  |  |
All Other |  |  | 58,535 |  |  |  | 44,629 |  |  |  | 40,830 |  |  |  |  |
Eliminations |  |  | (7,250 | ) |  |  | (10,610 | ) |  |  | (8,890 | ) |  |  |  |
Consolidated |  | $ | 1,709,991 |  |  | $ | 1,433,076 |  |  | $ | 1,379,180 |  |  |  |  |
*NOTE: The entire net sales elimination for each year presented represent net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are either recognized at fair market value or cost depending on the nature of the transaction. Net sales by product category were as follows:
|  | Second Quarter |  |  | First Half |
In Thousands |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Bottle/can sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sparkling beverages (including energy products) |  | $ | 396,492 |  |  | $ | 287,821 |  |  | $ | 694,311 |  |  | $ | 542,792 |
Still beverages |  |  | 111,467 |  |  |  | 79,188 |  |  |  | 182,055 |  |  |  | 136,338 |
Total bottle/can sales |  |  | 507,959 |  |  |  | 367,009 |  |  |  | 876,366 |  |  |  | 679,130 |
Other sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to other Coca-Cola bottlers |  |  | 48,560 |  |  |  | 45,268 |  |  |  | 86,406 |  |  |  | 82,389 |
Post-mix and other |  |  | 58,164 |  |  |  | 47,196 |  |  |  | 105,164 |  |  |  | 86,536 |
Total other sales |  |  | 106,724 |  |  |  | 92,464 |  |  |  | 191,570 |  |  |  | 168,925 |
Total net sales |  | $ | 614,683 |  |  | $ | 459,473 |  |  | $ | 1,067,936 |  |  | $ | 848,055 |
Sparkling beverages are carbonated beverages and energy products while still beverages are noncarbonated beverages.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=51669610&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration