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Segments | 3 Months Ended
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Apr. 01, 2018
Segment Reporting [Abstract] |
Segments | 23.Segments The Company evaluates segment reporting in accordance with the FASB Accounting Standards Codification 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:
|  | First Quarter |
(in thousands) |  | 2018 |  |  | 2017 |
Net sales: |  |  |  |  |  |  |  |
Nonalcoholic Beverages(1) |  | $ | 1,047,729 |  |  | $ | 847,945 |
All Other(1) |  |  | 86,599 |  |  |  | 61,242 |
Eliminations(2) |  |  | (62,264 | ) |  |  | (43,485 | )
Consolidated net sales |  | $ | 1,072,064 |  |  | $ | 865,702 |
Income (loss) from operations: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | (22,745 | ) |  | $ | 12,876 |
All Other |  |  | 3,748 |  |  |  | 2,074 |
Consolidated income (loss) from operations |  | $ | (18,997 | ) |  | $ | 14,950 |
Depreciation and amortization: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 44,825 |  |  | $ | 33,002 |
All Other |  |  | 2,395 |  |  |  | 1,979 |
Consolidated depreciation and amortization |  | $ | 47,220 |  |  | $ | 34,981 |
(in thousands) |  | April 1, 2018 |  |  | December 31, 2017 |
Total assets: |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 2,965,288 |  |  | $ | 2,958,521 |
All Other |  |  | 133,044 |  |  |  | 119,894 |
Eliminations(2) |  |  | (7,889 | ) |  |  | (5,455 | )
Consolidated total assets |  | $ | 3,090,443 |  |  | $ | 3,072,960 |
| (1) | In order to correct an error in the prior year segment presentation, the Company revised net sales for the first quarter of 2017 to reflect $15.6 million of sales in the Nonalcoholic Beverages segment which were previously attributed to All Other. Total net sales remain unchanged in prior periods and these revisions were not considered material to the prior period presented.
| (2) | 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 the Nonalcoholic Beverages segment and All Other.

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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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