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Segments | 12 Months Ended
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Dec. 31, 2017
Segment Reporting [Abstract] |
Segments |
26. | Segments
The Company evaluates segment reporting in accordance with FASB ASC 280, Segment Reporting, each reporting period, including evaluating the reporting package reviewed by the Chief Operation Decision Maker (“CODM”). The Company has concluded the Chief Executive Officer, Chief Operating Officer and Chief Financial Officer, as a group, represent the CODM. The Company believes four operating segments exist. Nonalcoholic Beverages represents the vast majority of the Company’s consolidated revenues, income from operations and assets. The additional three operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate, and therefore have been combined into “All Other.” The Company’s segment results are as follows:
|  | Fiscal Year |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Net Sales: |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 4,243,007 |  |  | $ | 3,060,937 |  |  | $ | 2,245,836 |
All Other |  |  | 301,801 |  |  |  | 234,732 |  |  |  | 160,191 |
Eliminations(1) |  |  | (221,140 | ) |  |  | (139,241 | ) |  |  | (99,569 | )
Consolidated net sales |  | $ | 4,323,668 |  |  | $ | 3,156,428 |  |  | $ | 2,306,458 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 84,775 |  |  | $ | 123,230 |  |  | $ | 92,921 |
All Other |  |  | 11,404 |  |  |  | 4,629 |  |  |  | 5,223 |
Consolidated income from operations |  | $ | 96,179 |  |  | $ | 127,859 |  |  | $ | 98,144 |
Depreciation and Amortization: |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 160,524 |  |  | $ | 109,716 |  |  | $ | 76,127 |
All Other |  |  | 8,317 |  |  |  | 6,907 |  |  |  | 4,769 |
Consolidated depreciation and amortization |  | $ | 168,841 |  |  | $ | 116,623 |  |  | $ | 80,896 |
(in thousands) |  | December 31, 2017 |  |  | January 1, 2017 |
Total Assets: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 2,958,521 |  |  | $ | 2,349,284 |
All Other |  |  | 119,894 |  |  |  | 105,785 |
Eliminations(1) |  |  | (5,455 | ) |  |  | (5,585 | )
Consolidated total assets |  | $ | 3,072,960 |  |  | $ | 2,449,484 |
| (1) | The entire net sales elimination for each period presented represents net sales from All Other 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 Nonalcoholic Beverages and All Other.
Net sales by product category were as follows:
|  | Fiscal Year |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Bottle/can sales: |  |  |  |  |  |  |  |  |  |  |  |
Sparkling beverages (carbonated) |  | $ | 2,285,621 |  |  | $ | 1,764,558 |  |  | $ | 1,323,712 |
Still beverages (noncarbonated, including energy products) |  |  | 1,325,969 |  |  |  | 892,125 |  |  |  | 577,872 |
Total bottle/can sales |  |  | 3,611,590 |  |  |  | 2,656,683 |  |  |  | 1,901,584 |
Other sales: |  |  |  |  |  |  |  |  |  |  |  |
Sales to other Coca-Cola bottlers |  |  | 383,065 |  |  |  | 238,182 |  |  |  | 178,777 |
Post-mix and other |  |  | 329,013 |  |  |  | 261,563 |  |  |  | 226,097 |
Total other sales |  |  | 712,078 |  |  |  | 499,745 |  |  |  | 404,874 |
Total net sales |  | $ | 4,323,668 |  |  | $ | 3,156,428 |  |  | $ | 2,306,458 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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