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Net Income Per Share (Tables) | 6 Months Ended
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Jun. 28, 2015
Earnings 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) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
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 |  | $ | 26,934 |  |  | $ | 13,783 |  |  | $ | 29,158 |  |  | $ | 16,232 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 1,786 |  |  |  | 1,786 |  |  |  | 3,571 |  |  |  | 3,571 |
Class B Common Stock |  |  | 538 |  |  |  | 533 |  |  |  | 1,070 |  |  |  | 1,060 |
Total undistributed earnings |  | $ | 24,610 |  |  | $ | 11,464 |  |  | $ | 24,517 |  |  | $ | 11,601 |
Common Stock undistributed earnings – basic |  | $ | 18,913 |  |  | $ | 8,830 |  |  | $ | 18,858 |  |  | $ | 8,942 |
Class B Common Stock undistributed earnings – basic |  |  | 5,697 |  |  |  | 2,634 |  |  |  | 5,659 |  |  |  | 2,659 |
Total undistributed earnings – basic |  | $ | 24,610 |  |  | $ | 11,464 |  |  | $ | 24,517 |  |  | $ | 11,601 |
Common Stock undistributed earnings – diluted |  | $ | 18,832 |  |  | $ | 8,792 |  |  | $ | 18,777 |  |  | $ | 8,904 |
Class B Common Stock undistributed earnings – diluted |  |  | 5,778 |  |  |  | 2,672 |  |  |  | 5,740 |  |  |  | 2,697 |
Total undistributed earnings – diluted |  | $ | 24,610 |  |  | $ | 11,464 |  |  | $ | 24,517 |  |  | $ | 11,601 |
Numerator for basic net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,786 |  |  | $ | 1,786 |  |  | $ | 3,571 |  |  | $ | 3,571 |
Common Stock undistributed earnings – basic |  |  | 18,913 |  |  |  | 8,830 |  |  |  | 18,858 |  |  |  | 8,942 |
Numerator for basic net income per Common Stock share |  | $ | 20,699 |  |  | $ | 10,616 |  |  | $ | 22,429 |  |  | $ | 12,513 |
Numerator for basic net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 538 |  |  | $ | 533 |  |  | $ | 1,070 |  |  | $ | 1,060 |
Class B Common Stock undistributed earnings – basic |  |  | 5,697 |  |  |  | 2,634 |  |  |  | 5,659 |  |  |  | 2,659 |
Numerator for basic net income per Class B Common Stock share |  | $ | 6,235 |  |  | $ | 3,167 |  |  | $ | 6,729 |  |  | $ | 3,719 |
|  | Second Quarter |  |  | First Half |
In Thousands (Except Per Share Data) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Numerator for diluted net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,786 |  |  | $ | 1,786 |  |  | $ | 3,571 |  |  | $ | 3,571 |
Dividends on Class B Common Stock assumed converted to Common Stock |  |  | 538 |  |  |  | 533 |  |  |  | 1,070 |  |  |  | 1,060 |
Common Stock undistributed earnings – diluted |  |  | 24,610 |  |  |  | 11,464 |  |  |  | 24,517 |  |  |  | 11,601 |
Numerator for diluted net income per Common Stock share |  | $ | 26,934 |  |  | $ | 13,783 |  |  | $ | 29,158 |  |  | $ | 16,232 |
Numerator for diluted net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 538 |  |  | $ | 533 |  |  | $ | 1,070 |  |  | $ | 1,060 |
Class B Common Stock undistributed earnings – diluted |  |  | 5,778 |  |  |  | 2,672 |  |  |  | 5,740 |  |  |  | 2,697 |
Numerator for diluted net income per Class B Common Stock share |  | $ | 6,316 |  |  | $ | 3,205 |  |  | $ | 6,810 |  |  | $ | 3,757 |
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 |  |  | 2,151 |  |  |  | 2,130 |  |  |  | 2,143 |  |  |  | 2,123 |
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) |  |  | 9,332 |  |  |  | 9,311 |  |  |  | 9,324 |  |  |  | 9,304 |
Class B Common Stock weighted average shares outstanding – diluted |  |  | 2,191 |  |  |  | 2,170 |  |  |  | 2,183 |  |  |  | 2,163 |
Basic net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 2.90 |  |  | $ | 1.49 |  |  | $ | 3.14 |  |  | $ | 1.75 |
Class B Common Stock |  | $ | 2.90 |  |  | $ | 1.49 |  |  | $ | 3.14 |  |  | $ | 1.75 |
Diluted net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 2.89 |  |  | $ | 1.48 |  |  | $ | 3.13 |  |  | $ | 1.74 |
Class B Common Stock |  | $ | 2.88 |  |  | $ | 1.48 |  |  | $ | 3.12 |  |  | $ | 1.74 |
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 Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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