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Net Loss Per Share | 9 Months Ended
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Oct. 01, 2017
Earnings Per Share [Abstract] |
Net Income Per Share | 21.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 Three Quarters |
(in thousands, except per share data) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
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 |  | $ | 17,316 |  |  | $ | 23,142 |  |  | $ | 18,613 |  |  | $ | 28,753 |
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 1,785 |  |  |  | 1,785 |  |  |  | 5,356 |  |  |  | 5,356 |
Class B Common Stock |  |  | 548 |  |  |  | 543 |  |  |  | 1,639 |  |  |  | 1,624 |
Total undistributed earnings |  | $ | 14,983 |  |  | $ | 20,814 |  |  | $ | 11,618 |  |  | $ | 21,773 |
Common Stock undistributed earnings – basic |  | $ | 11,463 |  |  | $ | 15,960 |  |  | $ | 8,893 |  |  | $ | 16,704 |
Class B Common Stock undistributed earnings – basic |  |  | 3,520 |  |  |  | 4,854 |  |  |  | 2,725 |  |  |  | 5,069 |
Total undistributed earnings – basic |  | $ | 14,983 |  |  | $ | 20,814 |  |  | $ | 11,618 |  |  | $ | 21,773 |
Common Stock undistributed earnings – diluted |  | $ | 11,414 |  |  | $ | 15,891 |  |  | $ | 8,855 |  |  | $ | 16,633 |
Class B Common Stock undistributed earnings – diluted |  |  | 3,569 |  |  |  | 4,923 |  |  |  | 2,763 |  |  |  | 5,140 |
Total undistributed earnings – diluted |  | $ | 14,983 |  |  | $ | 20,814 |  |  | $ | 11,618 |  |  | $ | 21,773 |
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 |  |  | 11,463 |  |  |  | 15,960 |  |  |  | 8,893 |  |  |  | 16,704 |
Numerator for basic net income per Common Stock share |  | $ | 13,248 |  |  | $ | 17,745 |  |  | $ | 14,249 |  |  | $ | 22,060 |
Numerator for basic net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 548 |  |  | $ | 543 |  |  | $ | 1,639 |  |  | $ | 1,624 |
Class B Common Stock undistributed earnings – basic |  |  | 3,520 |  |  |  | 4,854 |  |  |  | 2,725 |  |  |  | 5,069 |
Numerator for basic net income per Class B Common Stock share |  | $ | 4,068 |  |  | $ | 5,397 |  |  | $ | 4,364 |  |  | $ | 6,693 |
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 |  |  | 548 |  |  |  | 543 |  |  |  | 1,639 |  |  |  | 1,624 |
Common Stock undistributed earnings – diluted |  |  | 14,983 |  |  |  | 20,814 |  |  |  | 11,618 |  |  |  | 21,773 |
Numerator for diluted net income per Common Stock share |  | $ | 17,316 |  |  | $ | 23,142 |  |  | $ | 18,613 |  |  | $ | 28,753 |
Numerator for diluted net income per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 548 |  |  | $ | 543 |  |  | $ | 1,639 |  |  | $ | 1,624 |
Class B Common Stock undistributed earnings – diluted |  |  | 3,569 |  |  |  | 4,923 |  |  |  | 2,763 |  |  |  | 5,140 |
Numerator for diluted net income per Class B Common Stock share |  | $ | 4,117 |  |  | $ | 5,466 |  |  | $ | 4,402 |  |  | $ | 6,764 |
|  | Third Quarter |  |  | First Three Quarters |
(in thousands, except per share data) |  | 2017 |  |  | 2016 |  |  | 2017 |  |  | 2016 |
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 |  |  | 2,193 |  |  |  | 2,172 |  |  |  | 2,188 |  |  |  | 2,167 |
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) |  |  | 9,374 |  |  |  | 9,353 |  |  |  | 9,369 |  |  |  | 9,348 |
Class B Common Stock weighted average shares outstanding – diluted |  |  | 2,233 |  |  |  | 2,212 |  |  |  | 2,228 |  |  |  | 2,207 |
Basic net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.86 |  |  | $ | 2.48 |  |  | $ | 2.00 |  |  | $ | 3.09 |
Class B Common Stock |  | $ | 1.86 |  |  | $ | 2.48 |  |  | $ | 2.00 |  |  | $ | 3.09 |
Diluted net income per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.85 |  |  | $ | 2.47 |  |  | $ | 1.99 |  |  | $ | 3.08 |
Class B Common Stock |  | $ | 1.84 |  |  | $ | 2.47 |  |  | $ | 1.97 |  |  | $ | 3.07 |
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 Agreement.
(4) | The Company does not have anti-dilutive shares.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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