XML 63 R40.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Acquisitions and Divestitures (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Summary of Carrying Value of Assets and Liabilities of Divesture | The carrying value of assets and liabilities in the Deep South and Somerset Exchange Business divested in the CCR Exchange Transaction and the Florence and Laurel Distribution Business divested in the United Exchange Transaction (together, the “October 2017 Divestitures”) are summarized as follows:
(in thousands) |  | October 2017 Divestitures |
Cash |  | $ | 303 |
Inventories |  |  | 13,717 |
Prepaid expenses and other current assets |  |  | 1,199 |
Property, plant and equipment |  |  | 44,380 |
Other assets (including deferred taxes) |  |  | 604 |
Goodwill |  |  | 13,073 |
Distribution agreements |  |  | 65,043 |
Total divested assets |  | $ | 138,319 |
Other current liabilities |  | $ | 5,683 |
Pension and postretirement benefit obligations |  |  | 16,855 |
Total divested liabilities |  | $ | 22,538 |
BYB Brands Inc [Member] |
Schedule of Consolidated Statement of Operations | BYB contributed the following amounts to the Company’s consolidated statement of operations:
(in thousands) |  | 2015 |
Net sales |  | $ | 23,875 |
Income from operations |  |  | 1,809 |
2017 Acquisition [Member] |
Summary of Fair Values of Acquired Assets and Assumed Liabilities as of Acquisition Date | The fair value of acquired assets and assumed liabilities in the 2017 System Transformation Transactions as of the acquisition dates is summarized as follows:
(in thousands) |  | January 2017 Transaction |  |  | March 2017 Transactions |  |  | April 2017 Transactions |  |  | October 2017 Transactions Acquisitions |  |  | Total 2017 Transactions |
Cash |  | $ | 107 |  |  | $ | 211 |  |  | $ | 103 |  |  | $ | 191 |  |  | $ | 612 |
Inventories |  |  | 5,953 |  |  |  | 20,952 |  |  |  | 14,554 |  |  |  | 14,850 |  |  |  | 56,309 |
Prepaid expenses and other current assets |  |  | 1,155 |  |  |  | 5,117 |  |  |  | 4,068 |  |  |  | 4,754 |  |  |  | 15,094 |
Accounts receivable from The Coca-Cola Company |  |  | 1,042 |  |  |  | 1,807 |  |  |  | 2,552 |  |  |  | 2,391 |  |  |  | 7,792 |
Property, plant and equipment |  |  | 25,708 |  |  |  | 81,638 |  |  |  | 52,263 |  |  |  | 70,645 |  |  |  | 230,254 |
Other assets (including deferred taxes) |  |  | 1,158 |  |  |  | 3,227 |  |  |  | 4,369 |  |  |  | 889 |  |  |  | 9,643 |
Goodwill |  |  | 1,544 |  |  |  | 2,527 |  |  |  | 17,804 |  |  |  | 13,992 |  |  |  | 35,867 |
Distribution agreements |  |  | 22,000 |  |  |  | 46,750 |  |  |  | 19,500 |  |  |  | 124,750 |  |  |  | 213,000 |
Customer lists |  |  | 1,500 |  |  |  | 1,750 |  |  |  | 1,000 |  |  |  | 4,950 |  |  |  | 9,200 |
Total acquired assets |  | $ | 60,167 |  |  | $ | 163,979 |  |  | $ | 116,213 |  |  | $ | 237,412 |  |  | $ | 577,771 |
Current liabilities (acquisition related contingent consideration) |  | $ | 1,350 |  |  | $ | 2,958 |  |  | $ | 1,546 |  |  | $ | 1,458 |  |  | $ | 7,312 |
Other current liabilities |  |  | 324 |  |  |  | 3,760 |  |  |  | 2,860 |  |  |  | 6,492 |  |  |  | 13,436 |
Other liabilities (acquisition related contingent consideration) |  |  | 26,377 |  |  |  | 49,739 |  |  |  | 26,604 |  |  |  | 18,848 |  |  |  | 121,568 |
Other liabilities |  |  | 43 |  |  |  | 2,953 |  |  |  | 2,005 |  |  |  | 95 |  |  |  | 5,096 |
Total assumed liabilities |  | $ | 28,094 |  |  | $ | 59,410 |  |  | $ | 33,015 |  |  | $ | 26,893 |  |  | $ | 147,412 |
October 2017 Transactions Acquisitions [Member] |
Summary of Acquired Assets and Assumed Liabilities as of Acquisition Date | As part of the “October 2017 Transactions Acquisitions,” which include the Expansion Territories and the Expansion Facilities acquired in the CCR Exchange Transaction (the “CCR Exchange Transaction Acquisitions”), the Memphis Transaction and the United Exchange Transaction (the “United Exchange Transaction Acquisitions”), the Company’s acquired assets and assumed liabilities as of the acquisition dates are summarized as follows:
(in thousands) |  | CCR Exchange Transaction Acquisitions |  |  | Memphis Transaction |  |  | United Exchange Transaction Acquisitions |  |  | October 2017 Transactions Acquisitions |
Cash |  | $ | 91 |  |  | $ | 100 |  |  | $ | - |  |  | $ | 191 |
Inventories |  |  | 10,667 |  |  |  | 3,354 |  |  |  | 829 |  |  |  | 14,850 |
Prepaid expenses and other current assets |  |  | 3,218 |  |  |  | 1,222 |  |  |  | 314 |  |  |  | 4,754 |
Accounts receivable from The Coca-Cola Company |  |  | 1,092 |  |  |  | 1,089 |  |  |  | 210 |  |  |  | 2,391 |
Property, plant and equipment |  |  | 47,066 |  |  |  | 20,795 |  |  |  | 2,784 |  |  |  | 70,645 |
Other assets (including deferred taxes) |  |  | 624 |  |  |  | 265 |  |  |  | - |  |  |  | 889 |
Goodwill |  |  | 6,378 |  |  |  | 4,917 |  |  |  | 2,697 |  |  |  | 13,992 |
Distribution agreements |  |  | 80,500 |  |  |  | 30,300 |  |  |  | 13,950 |  |  |  | 124,750 |
Customer lists |  |  | 3,200 |  |  |  | 1,200 |  |  |  | 550 |  |  |  | 4,950 |
Total acquired assets |  | $ | 152,836 |  |  | $ | 63,242 |  |  | $ | 21,334 |  |  | $ | 237,412 |
Current liabilities (acquisition related contingent consideration) |  | $ | - |  |  | $ | 1,458 |  |  | $ | - |  |  | $ | 1,458 |
Other current liabilities |  |  | 2,760 |  |  |  | 3,241 |  |  |  | 491 |  |  |  | 6,492 |
Other liabilities (acquisition related contingent consideration) |  |  | - |  |  |  | 18,848 |  |  |  | - |  |  |  | 18,848 |
Other liabilities |  |  | 1 |  |  |  | 94 |  |  |  | - |  |  |  | 95 |
Total assumed liabilities |  | $ | 2,761 |  |  | $ | 23,641 |  |  | $ | 491 |  |  | $ | 26,893 |
2016 Acquisition [Member] |
Summary of Fair Values of Acquired Assets and Assumed Liabilities as of Acquisition Date | The fair value of acquired assets and assumed liabilities of the 2016 System Transformation Transactions as of the acquisition dates is summarized as follows:
(in thousands) |  | January 2016 Transactions |  |  | April 1, 2016 Transaction |  |  | April 29, 2016 Transactions |  |  | October 2016 Transactions |  |  | Total 2016 Transactions |
Cash |  | $ | 179 |  |  | $ | 219 |  |  | $ | 161 |  |  | $ | 150 |  |  | $ | 709 |
Inventories |  |  | 10,159 |  |  |  | 3,748 |  |  |  | 13,850 |  |  |  | 18,513 |  |  |  | 46,270 |
Prepaid expenses and other current assets |  |  | 2,775 |  |  |  | 1,945 |  |  |  | 3,774 |  |  |  | 4,228 |  |  |  | 12,722 |
Accounts receivable from The Coca-Cola Company |  |  | 1,121 |  |  |  | 1,162 |  |  |  | 1,126 |  |  |  | 1,327 |  |  |  | 4,736 |
Property, plant and equipment |  |  | 46,149 |  |  |  | 54,135 |  |  |  | 57,738 |  |  |  | 67,943 |  |  |  | 225,965 |
Other assets (including deferred taxes) |  |  | 2,351 |  |  |  | 1,541 |  |  |  | 5,514 |  |  |  | 682 |  |  |  | 10,088 |
Goodwill |  |  | 9,396 |  |  |  | 1,962 |  |  |  | 8,368 |  |  |  | 8,473 |  |  |  | 28,199 |
Distribution agreements |  |  | 750 |  |  | - |  |  |  | 22,000 |  |  |  | 79,900 |  |  |  | 102,650 |
Customer lists |  |  | 550 |  |  | - |  |  |  | 1,450 |  |  |  | 2,750 |  |  |  | 4,750 |
Total acquired assets |  | $ | 73,430 |  |  | $ | 64,712 |  |  | $ | 113,981 |  |  | $ | 183,966 |  |  | $ | 436,089 |
Current liabilities (acquisition related contingent consideration) |  | $ | 361 |  |  | $ | 742 |  |  | $ | 1,307 |  |  | $ | 3,973 |  |  | $ | 6,383 |
Other current liabilities |  |  | 591 |  |  |  | 4,231 |  |  |  | 5,482 |  |  |  | 8,513 |  |  |  | 18,817 |
Accounts payable to The Coca-Cola Company |  |  | 650 |  |  | - |  |  | - |  |  | - |  |  |  | 650 |
Other liabilities (acquisition related contingent consideration) |  |  | 6,144 |  |  |  | 23,924 |  |  |  | 35,561 |  |  |  | 71,237 |  |  |  | 136,866 |
Other liabilities |  | - |  |  |  | 266 |  |  |  | 2,635 |  |  |  | 573 |  |  |  | 3,474 |
Total assumed liabilities |  | $ | 7,746 |  |  | $ | 29,163 |  |  | $ | 44,985 |  |  | $ | 84,296 |  |  | $ | 166,190 |
2015 Expansion Territories and 2016 and 2017 System Transformation Transactions and 2015 Asset Exchange [Member] |
Schedule of Consolidated Statement of Operations | The financial results of the 2017 System Transformation Transactions, the 2016 System Transformation Transactions, the 2015 Expansion Territories and the 2015 Asset Exchange have been included in the Company’s consolidated financial statements from their respective acquisition dates. These System Transformation Transactions contributed the following amounts to the Company’s consolidated statement of operations:
|  | Fiscal Year |
(in thousands) |  | 2017 |  |  | 2016 |  |  | 2015 |
Net sales from 2015 Expansion Territories & 2015 Asset Exchange |  | $ | 484,485 |  |  | $ | 469,440 |  |  | $ | 278,691 |
Net sales from 2016 System Transformation Transactions |  |  | 1,011,638 |  |  |  | 592,329 |  |  |  | - |
Net sales from 2017 System Transformation Transactions |  |  | 740,259 |  |  |  | - |  |  |  | - |
Total System Transformation Transactions impact to net sales |  | $ | 2,236,382 |  |  | $ | 1,061,769 |  |  | $ | 278,691 |
Income from operations from 2015 Expansion Territories & 2015 Asset Exchange |  | $ | 1,540 |  |  | $ | 1,907 |  |  | $ | 3,364 |
Income from operations from 2016 System Transformation Transactions |  |  | 18,930 |  |  |  | 22,373 |  |  |  | - |
Income from operations from 2017 System Transformation Transactions |  |  | 10,754 |  |  |  | - |  |  |  | - |
Total System Transformation Transactions impact to income from operations |  | $ | 31,224 |  |  | $ | 24,280 |  |  | $ | 3,364 |
2016 and 2017 System Transformation Transactions [Member] |
Schedule of Unaudited Pro Forma Information | The following tables represent the Company’s unaudited pro forma net sales and unaudited pro forma income from operations for the 2017 System Transformation Transactions and the 2016 System Transformation Transactions.
|  | Fiscal Year |
(in thousands) |  | 2017 |  |  | 2016 |
Net sales as reported |  | $ | 4,323,668 |  |  | $ | 3,156,428 |
Pro forma adjustments (unaudited) |  |  | 196,224 |  |  |  | 1,153,358 |
Net sales pro forma (unaudited) |  | $ | 4,519,892 |  |  | $ | 4,309,786 |
|  | Fiscal Year |
(in thousands) |  | 2017 |  |  | 2016 |
Income from operations as reported |  | $ | 96,179 |  |  | $ | 127,859 |
Pro forma adjustments (unaudited) |  |  | 5,391 |  |  |  | 76,906 |
Income from operations pro forma (unaudited) |  | $ | 101,570 |  |  | $ | 204,765 |

X
- Definition Schedule of condensed consolidated statement of operations. + References No definition available. + Details
Name: | coke_ScheduleOfCondensedConsolidatedStatementOfOperationsTableTextBlock
Namespace Prefix: | coke_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of recognized identified assets acquired and divested and liabilities assumed. + References No definition available. + Details
Name: | coke_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndDivestedAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | coke_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=65878427&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=64827811&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=84176398&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=84176398&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=64827811&loc=SL51721677-107760 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
Name: | us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeStatementBalanceSheetAndAdditionalDisclosuresByDisposalGroupsIncludingDiscontinuedOperationsAxis=coke_BYBBrandsIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=coke_TwoThousandSeventeenExpansionTerritoriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=coke_CCRExchangeTransactionAcquisitionsAndMemphisAcquisitionAndUnitedExchangeTransactionsAcquisitionsAndOctoberTwoThousandAndSeventeenDivestituresNetMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=coke_TwoThousandAndSixteenExpansionTransactionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=coke_TwoThousandFifteenExpansionTerritoriesAndTwoThousandSixteenAndTwoThousandSeventeenSystemTransformationTransactionsAndTwoThousandFifteenAssetExchangeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=coke_TwoThousandSixteenAndTwoThousandSeventeenSystemTransformationTransactionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |