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Segments (Tables) | 6 Months Ended
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Jul. 03, 2016
Segment Reporting [Abstract] |
Summary of Financial Information by Reportable Segment | The Company’s results for its two reportable segments are as follows:
|  | Second Quarter |  |  | First Half |  |
In Thousands |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |  |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 817,880 |  |  | $ | 599,607 |  |  | $ | 1,424,808 |  |  | $ | 1,041,290 |  |
All Other |  |  | 58,397 |  |  |  | 40,693 |  |  |  | 104,106 |  |  |  | 74,508 |  |
Eliminations* |  |  | (35,893 | ) |  |  | (25,617 | ) |  |  | (63,074 | ) |  |  | (47,862 | ) |
Consolidated net sales |  | $ | 840,384 |  |  | $ | 614,683 |  |  | $ | 1,465,840 |  |  | $ | 1,067,936 |  |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 52,878 |  |  | $ | 37,061 |  |  | $ | 63,846 |  |  | $ | 52,392 |  |
All Other |  |  | 1,858 |  |  |  | 1,255 |  |  |  | 3,291 |  |  |  | 2,826 |  |
Consolidated operating income |  | $ | 54,736 |  |  | $ | 38,316 |  |  | $ | 67,137 |  |  | $ | 55,218 |  |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 26,298 |  |  | $ | 18,638 |  |  | $ | 49,206 |  |  | $ | 35,343 |  |
All Other |  |  | 1,642 |  |  |  | 1,079 |  |  |  | 3,123 |  |  |  | 2,031 |  |
Consolidated depreciation and amortization |  | $ | 27,940 |  |  | $ | 19,717 |  |  | $ | 52,329 |  |  | $ | 37,374 |  |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 35,832 |  |  | $ | 26,226 |  |  | $ | 60,826 |  |  | $ | 45,478 |  |
All Other |  |  | 7,221 |  |  |  | 2,334 |  |  |  | 13,879 |  |  |  | 9,474 |  |
Consolidated capital expenditures |  | $ | 43,053 |  |  | $ | 28,560 |  |  | $ | 74,705 |  |  | $ | 54,952 |  |
In Thousands |  | July 3, 2016 |  |  | January 3, 2016 |  |  | June 28, 2015 |
Total Assets: |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 2,155,339 |  |  | $ | 1,804,084 |  |  | $ | 1,656,957 |
All Other |  |  | 96,133 |  |  |  | 75,842 |  |  |  | 58,535 |
Eliminations* |  |  | (5,722 | ) |  |  | (33,361 | ) |  |  | (7,250 | )
Consolidated total assets |  | $ | 2,245,750 |  |  | $ | 1,846,565 |  |  | $ | 1,708,242 |
*NOTE: The entire net sales elimination for each year presented represents 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 | Net sales by product category were as follows:
|  | Second Quarter |  |  | First Half |
In Thousands |  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Bottle/can sales*: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sparkling beverages (carbonated) |  | $ | 464,859 |  |  | $ | 345,871 |  |  | $ | 816,925 |  |  | $ | 624,393 |
Still beverages (noncarbonated, including energy products) |  |  | 246,371 |  |  |  | 162,088 |  |  |  | 413,165 |  |  |  | 251,973 |
Total bottle/can sales |  |  | 711,230 |  |  |  | 507,959 |  |  |  | 1,230,090 |  |  |  | 876,366 |
Other sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to other Coca-Cola bottlers |  |  | 61,045 |  |  |  | 48,560 |  |  |  | 111,255 |  |  |  | 86,406 |
Post-mix and other |  |  | 68,109 |  |  |  | 58,164 |  |  |  | 124,495 |  |  |  | 105,164 |
Total other sales |  |  | 129,154 |  |  |  | 106,724 |  |  |  | 235,750 |  |  |  | 191,570 |
Total net sales |  | $ | 840,384 |  |  | $ | 614,683 |  |  | $ | 1,465,840 |  |  | $ | 1,067,936 |
*NOTE: In Q2 2016, energy products were moved from the category of sparkling beverages to still beverages, which has been reflected in all periods presented. Total bottle/can sales remain unchanged in prior periods.

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