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Net Income Per Share (Tables) | 9 Months Ended
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Sep. 27, 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:
|  | Third Quarter |  |  | First Nine Months |
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 |  | $ | 25,553 |  |  | $ | 12,132 |  |  | $ | 54,711 |  |  | $ | 28,364 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 1,785 |  |  |  | 1,785 |  |  |  | 5,356 |  |  |  | 5,356 |
Class B Common Stock |  |  | 538 |  |  |  | 532 |  |  |  | 1,608 |  |  |  | 1,592 |
Total undistributed earnings |  | $ | 23,230 |  |  | $ | 9,815 |  |  | $ | 47,747 |  |  | $ | 21,416 |
Common Stock undistributed earnings – basic |  | $ | 17,853 |  |  | $ | 7,560 |  |  | $ | 36,714 |  |  | $ | 16,505 |
Class B Common Stock undistributed earnings – basic |  |  | 5,377 |  |  |  | 2,255 |  |  |  | 11,033 |  |  |  | 4,911 |
Total undistributed earnings – basic |  | $ | 23,230 |  |  | $ | 9,815 |  |  | $ | 47,747 |  |  | $ | 21,416 |
Common Stock undistributed earnings – diluted |  | $ | 17,776 |  |  | $ | 7,528 |  |  | $ | 36,556 |  |  | $ | 16,434 |
Class B Common Stock undistributed earnings – diluted |  |  | 5,454 |  |  |  | 2,287 |  |  |  | 11,191 |  |  |  | 4,982 |
Total undistributed earnings – diluted |  | $ | 23,230 |  |  | $ | 9,815 |  |  | $ | 47,747 |  |  | $ | 21,416 |
Numerator for basic net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 5,356 |  |  | $ | 5,356 |
Common Stock undistributed earnings – basic |  |  | 17,853 |  |  |  | 7,560 |  |  |  | 36,714 |  |  |  | 16,505 |
Numerator for basic net income per Common Stock share |  | $ | 19,638 |  |  | $ | 9,345 |  |  | $ | 42,070 |  |  | $ | 21,861 |
Numerator for basic net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 538 |  |  | $ | 532 |  |  | $ | 1,608 |  |  | $ | 1,592 |
Class B Common Stock undistributed earnings – basic |  |  | 5,377 |  |  |  | 2,255 |  |  |  | 11,033 |  |  |  | 4,911 |
Numerator for basic net income per Class B Common Stock share |  | $ | 5,915 |  |  | $ | 2,787 |  |  | $ | 12,641 |  |  | $ | 6,503 |
|  | Third Quarter |  |  | First Nine Months |
In Thousands (Except Per Share Data) |  | 2015 |  |  | 2014 |  |  | 2015 |  |  | 2014 |
Numerator for diluted net income per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 5,356 |  |  | $ | 5,356 |
Dividends on Class B Common Stock assumed converted to Common Stock |  |  | 538 |  |  |  | 532 |  |  |  | 1,608 |  |  |  | 1,592 |
Common Stock undistributed earnings – diluted |  |  | 23,230 |  |  |  | 9,815 |  |  |  | 47,747 |  |  |  | 21,416 |
Numerator for diluted net income per Common Stock share |  | $ | 25,553 |  |  | $ | 12,132 |  |  | $ | 54,711 |  |  | $ | 28,364 |
Numerator for diluted net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 538 |  |  | $ | 532 |  |  | $ | 1,608 |  |  | $ | 1,592 |
Class B Common Stock undistributed earnings – diluted |  |  | 5,454 |  |  |  | 2,287 |  |  |  | 11,191 |  |  |  | 4,982 |
Numerator for diluted net income per Class B Common Stock share |  | $ | 5,992 |  |  | $ | 2,819 |  |  | $ | 12,799 |  |  | $ | 6,574 |
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 |  |  |  | 2,146 |  |  |  | 2,125 |
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 |  |  |  | 9,327 |  |  |  | 9,306 |
Class B Common Stock weighted average shares outstanding – diluted |  |  | 2,191 |  |  |  | 2,170 |  |  |  | 2,186 |  |  |  | 2,165 |
Basic net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 2.75 |  |  | $ | 1.31 |  |  | $ | 5.89 |  |  | $ | 3.06 |
Class B Common Stock |  | $ | 2.75 |  |  | $ | 1.31 |  |  | $ | 5.89 |  |  | $ | 3.06 |
Diluted net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 2.74 |  |  | $ | 1.30 |  |  | $ | 5.87 |  |  | $ | 3.05 |
Class B Common Stock |  | $ | 2.73 |  |  | $ | 1.30 |  |  | $ | 5.85 |  |  | $ | 3.04 |
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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