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Net Income (Loss) Per Share | 6 Months Ended
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Jun. 30, 2019
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | 5.Net Income (Loss) Per Share The following table sets forth the computation of basic net income (loss) per share and diluted net income (loss) per share under the two-class method:
|  | Second Quarter |  |  | First Half |
(in thousands, except per share data) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Numerator for basic and diluted net income (loss) per Common Stock and Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) attributable to Coca-Cola Consolidated, Inc. |  | $ | 15,370 |  |  | $ | (3,933 | ) |  | $ | 8,539 |  |  | $ | (18,118 | )
Less dividends: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  |  | 1,785 |  |  |  | 1,785 |  |  |  | 3,570 |  |  |  | 3,570 |
Class B Common Stock |  |  | 558 |  |  |  | 553 |  |  |  | 1,112 |  |  |  | 1,101 |
Total undistributed earnings (losses) |  | $ | 13,027 |  |  | $ | (6,271 | ) |  | $ | 3,857 |  |  | $ | (22,789 | )
|  | Second Quarter |  |  | First Half |
(in thousands, except per share data) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Common Stock undistributed earnings (losses) – basic |  | $ | 9,925 |  |  | $ | (4,787 | ) |  | $ | 2,941 |  |  | $ | (17,411 | )
Class B Common Stock undistributed earnings (losses) – basic |  |  | 3,102 |  |  |  | (1,484 | ) |  |  | 916 |  |  |  | (5,378 | )
Total undistributed earnings (losses) – basic |  | $ | 13,027 |  |  | $ | (6,271 | ) |  | $ | 3,857 |  |  | $ | (22,789 | )
Common Stock undistributed earnings (losses) – diluted |  | $ | 9,874 |  |  | $ | (4,787 | ) |  | $ | 2,925 |  |  | $ | (17,411 | )
Class B Common Stock undistributed earnings (losses) – diluted |  |  | 3,153 |  |  |  | (1,484 | ) |  |  | 932 |  |  |  | (5,378 | )
Total undistributed earnings (losses) – diluted |  | $ | 13,027 |  |  | $ | (6,271 | ) |  | $ | 3,857 |  |  | $ | (22,789 | )
Numerator for basic net income (loss) per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 3,570 |  |  | $ | 3,570 |
Common Stock undistributed earnings (losses) – basic |  |  | 9,925 |  |  |  | (4,787 | ) |  |  | 2,941 |  |  |  | (17,411 | )
Numerator for basic net income (loss) per Common Stock share |  | $ | 11,710 |  |  | $ | (3,002 | ) |  | $ | 6,511 |  |  | $ | (13,841 | )
Numerator for basic net income (loss) per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 558 |  |  | $ | 553 |  |  | $ | 1,112 |  |  | $ | 1,101 |
Class B Common Stock undistributed earnings (losses) – basic |  |  | 3,102 |  |  |  | (1,484 | ) |  |  | 916 |  |  |  | (5,378 | )
Numerator for basic net income (loss) per Class B Common Stock share |  | $ | 3,660 |  |  | $ | (931 | ) |  | $ | 2,028 |  |  | $ | (4,277 | )
Numerator for diluted net income (loss) per Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Common Stock |  | $ | 1,785 |  |  | $ | 1,785 |  |  | $ | 3,570 |  |  | $ | 3,570 |
Dividends on Class B Common Stock assumed converted to Common Stock |  |  | 558 |  |  |  | 553 |  |  |  | 1,112 |  |  |  | 1,101 |
Common Stock undistributed earnings (losses) – diluted |  |  | 13,027 |  |  |  | (6,271 | ) |  |  | 3,857 |  |  |  | (22,789 | )
Numerator for diluted net income (loss) per Common Stock share |  | $ | 15,370 |  |  | $ | (3,933 | ) |  | $ | 8,539 |  |  | $ | (18,118 | )
Numerator for diluted net income (loss) per Class B Common Stock share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dividends on Class B Common Stock |  | $ | 558 |  |  | $ | 553 |  |  | $ | 1,112 |  |  | $ | 1,101 |
Class B Common Stock undistributed earnings (losses) – diluted |  |  | 3,153 |  |  |  | (1,484 | ) |  |  | 932 |  |  |  | (5,378 | )
Numerator for diluted net income (loss) per Class B Common Stock share |  | $ | 3,711 |  |  | $ | (931 | ) |  | $ | 2,044 |  |  | $ | (4,277 | )
Denominator for basic net income (loss) 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 |  |  | 2,232 |  |  |  | 2,213 |  |  |  | 2,225 |  |  |  | 2,206 |
Denominator for diluted net income (loss) 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) |  |  | 9,421 |  |  |  | 9,354 |  |  |  | 9,415 |  |  |  | 9,347 |
Class B Common Stock weighted average shares outstanding – diluted |  |  | 2,280 |  |  |  | 2,213 |  |  |  | 2,274 |  |  |  | 2,206 |
Basic net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.64 |  |  | $ | (0.42 | ) |  | $ | 0.91 |  |  | $ | (1.94 | )
Class B Common Stock |  | $ | 1.64 |  |  | $ | (0.42 | ) |  | $ | 0.91 |  |  | $ | (1.94 | )
Diluted net income (loss) per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.64 |  |  | $ | (0.42 | ) |  | $ | 0.91 |  |  | $ | (1.94 | )
Class B Common Stock |  | $ | 1.63 |  |  | $ | (0.42 | ) |  | $ | 0.90 |  |  | $ | (1.94 | )
NOTES TO TABLE
(1) | For purposes of the diluted net income (loss) per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted; therefore, 100% of undistributed losses is allocated to Common Stock.
(2) | For purposes of the diluted net income (loss) 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) | For periods presented during which the Company has net income, the denominator for diluted net income per share for Common Stock and Class B Common Stock included the dilutive effect of shares relative to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement. For periods presented during which the Company has net loss, the unvested performance units granted pursuant to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement are excluded from the calculation of diluted net loss per share, as the effect of these awards would be anti-dilutive. See Note 21 to the condensed consolidated financial statements for additional information on the Long-Term Performance Equity Plan and 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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