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Segments (Tables) | 9 Months Ended
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Oct. 01, 2017
Segment Reporting [Abstract] |
Summary of Financial Information by Segment | The Company’s segment results are as follows:
|  | Third Quarter |  |  | First Three Quarters |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 1,103,017 |  |  | $ | 826,683 |  |  | $ | 3,043,587 |  |  | $ | 2,251,491 |
All Other |  |  | 120,660 |  |  |  | 59,530 |  |  |  | 317,121 |  |  |  | 163,636 |
Eliminations(1) |  |  | (61,151 | ) |  |  | (37,185 | ) |  |  | (163,189 | ) |  |  | (100,259 | )
Consolidated net sales |  | $ | 1,162,526 |  |  | $ | 849,028 |  |  | $ | 3,197,519 |  |  | $ | 2,314,868 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 32,525 |  |  | $ | 38,421 |  |  | $ | 86,228 |  |  | $ | 102,267 |
All Other |  |  | 3,605 |  |  |  | 1,380 |  |  |  | 10,823 |  |  |  | 4,671 |
Consolidated income from operations |  | $ | 36,130 |  |  | $ | 39,801 |  |  | $ | 97,051 |  |  | $ | 106,938 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 41,151 |  |  | $ | 29,263 |  |  | $ | 114,166 |  |  | $ | 78,469 |
All Other |  |  | 2,095 |  |  |  | 1,794 |  |  |  | 6,127 |  |  |  | 4,917 |
Consolidated depreciation and amortization |  | $ | 43,246 |  |  | $ | 31,057 |  |  | $ | 120,293 |  |  | $ | 83,386 |
Capital expenditures (exclusive of acquisitions): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 33,675 |  |  | $ | 33,675 |  |  | $ | 99,021 |  |  | $ | 94,501 |
All Other |  |  | 4,969 |  |  |  | 10,989 |  |  |  | 13,952 |  |  |  | 24,868 |
Consolidated capital expenditures (exclusive of acquisitions) |  | $ | 38,644 |  |  | $ | 44,664 |  |  | $ | 112,973 |  |  | $ | 119,369 |
(in thousands) |  | October 1, 2017 |  |  | January 1, 2017 |
Total assets: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 2,797,485 |  |  | $ | 2,349,284 |
All Other |  |  | 118,862 |  |  |  | 105,785 |
Eliminations(1) |  |  | (5,251 | ) |  |  | (5,585 | )
Consolidated total assets |  | $ | 2,911,096 |  |  | $ | 2,449,484 |
| (1) | The entire net sales elimination for each period presented represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction. Asset eliminations relate to eliminations of intercompany receivables and payables between the Nonalcoholic Beverages and All Other segments.
Net Sales by Product Category | Net sales by product category were as follows:
|  | Third Quarter |  |  | First Three Quarters |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
Bottle/can sales(1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sparkling beverages (carbonated) |  | $ | 582,710 |  |  | $ | 455,748 |  |  | $ | 1,670,093 |  |  | $ | 1,273,277 |
Still beverages (noncarbonated, including energy products) |  |  | 384,495 |  |  |  | 261,508 |  |  |  | 1,009,508 |  |  |  | 674,069 |
Total bottle/can sales |  |  | 967,205 |  |  |  | 717,256 |  |  |  | 2,679,601 |  |  |  | 1,947,346 |
Other sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Sales to other Coca-Cola bottlers |  |  | 104,619 |  |  |  | 58,683 |  |  |  | 274,317 |  |  |  | 169,938 |
Post-mix and other |  |  | 90,702 |  |  |  | 73,089 |  |  |  | 243,601 |  |  |  | 197,584 |
Total other sales |  |  | 195,321 |  |  |  | 131,772 |  |  |  | 517,918 |  |  |  | 367,522 |
Total net sales |  | $ | 1,162,526 |  |  | $ | 849,028 |  |  | $ | 3,197,519 |  |  | $ | 2,314,868 |
| (1) | During the second quarter of 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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