XML 55 R44.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Fair Values of Financial Instruments (Tables) | 3 Months Ended
--- | ---
Apr. 01, 2018
Fair Value Disclosures [Abstract] |
Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration | The following tables summarize, by assets and liabilities, the carrying amounts and fair values by level of the Company’s deferred compensation plan, commodity hedging agreements, debt and acquisition related contingent consideration:
|  | April 1, 2018 |
|  | Carrying |  |  | Total |  |  | Fair Value |  |  | Fair Value |  |  | Fair Value |
(in thousands) |  | Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan assets |  | $ | 32,993 |  |  | $ | 32,993 |  |  | $ | 32,993 |  |  | $ | - |  |  | $ | - |
Commodity hedging agreements |  |  | 1,453 |  |  |  | 1,453 |  |  |  | - |  |  |  | 1,453 |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan liabilities |  |  | 32,993 |  |  |  | 32,993 |  |  |  | 32,993 |  |  |  | - |  |  |  | - |
Non-public variable rate debt |  |  | 479,442 |  |  |  | 480,000 |  |  |  | - |  |  |  | 480,000 |  |  |  | - |
Non-public fixed rate debt |  |  | 274,660 |  |  |  | 264,800 |  |  |  | - |  |  |  | 264,800 |  |  |  | - |
Public debt securities |  |  | 457,007 |  |  |  | 466,200 |  |  |  | - |  |  |  | 466,200 |  |  |  | - |
Acquisition related contingent consideration |  |  | 368,804 |  |  |  | 368,804 |  |  |  | - |  |  |  | - |  |  |  | 368,804 |
|  | December 31, 2017 |
|  | Carrying |  |  | Total |  |  | Fair Value |  |  | Fair Value |  |  | Fair Value |
(in thousands) |  | Amount |  |  | Fair Value |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan assets |  | $ | 33,166 |  |  | $ | 33,166 |  |  | $ | 33,166 |  |  | $ | - |  |  | $ | - |
Commodity hedging agreements |  |  | 4,420 |  |  |  | 4,420 |  |  |  | - |  |  |  | 4,420 |  |  |  | - |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred compensation plan liabilities |  |  | 33,166 |  |  |  | 33,166 |  |  |  | 33,166 |  |  |  | - |  |  |  | - |
Non-public variable rate debt |  |  | 506,398 |  |  |  | 507,000 |  |  |  | - |  |  |  | 507,000 |  |  |  | - |
Non-public fixed rate debt |  |  | 124,829 |  |  |  | 126,400 |  |  |  | - |  |  |  | 126,400 |  |  |  | - |
Public debt securities |  |  | 456,791 |  |  |  | 475,100 |  |  |  | - |  |  |  | 475,100 |  |  |  | - |
Acquisition related contingent consideration |  |  | 381,291 |  |  |  | 381,291 |  |  |  | - |  |  |  | - |  |  |  | 381,291 |
Summary of Reconciliation of Acquisition Related Contingent Consideration | The acquisition related contingent consideration is the Company’s only Level 3 asset or liability. A reconciliation of the Level 3 activity is as follows:
|  | First Quarter |
(in thousands) |  | 2018 |  |  | 2017 |
Beginning balance - Level 3 liability |  | $ | 381,291 |  |  | $ | 253,437 |
Increase due to System Transformation Transactions acquisitions |  |  | - |  |  |  | 42,316 |
Measurement period adjustment(1) |  |  | (1,059 | ) |  |  | - |
Payment of acquisition related contingent consideration |  |  | (5,882 | ) |  |  | - |
Reclassification to current payables |  |  | (360 | ) |  |  | (4,047 | )
(Favorable)/unfavorable fair value adjustment |  |  | (5,186 | ) |  |  | 12,246 |
Ending balance - Level 3 liability |  | $ | 368,804 |  |  | $ | 303,952 |
(1) Measurement period adjustments relate to post-closing adjustments made in accordance with the terms and conditions of the April 2017 Distribution APA and the April 2017 Manufacturing APA.

X
- Definition Fair value assets and liability measured on recurring basis unobservable input reconciliation. + References No definition available. + Details
Name: | coke_FairValueAssetsAndLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock
Namespace Prefix: | coke_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration