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Segments (Tables) | 9 Months Ended
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Sep. 29, 2019
Segment Reporting [Abstract] |
Summary of Financial Information by Segment | The Company’s segment results are as follows:
|  | Third Quarter |  |  | First Nine Months |
(in thousands) |  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Net sales: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages(1) |  | $ | 1,236,261 |  |  | $ | 1,172,584 |  |  | $ | 3,547,373 |  |  | $ | 3,405,288 |
All Other |  |  | 92,501 |  |  |  | 93,493 |  |  |  | 275,358 |  |  |  | 273,490 |
Eliminations(2) |  |  | (57,733 | ) |  |  | (62,044 | ) |  |  | (175,131 | ) |  |  | (189,985 | )
Consolidated net sales |  | $ | 1,271,029 |  |  | $ | 1,204,033 |  |  | $ | 3,647,600 |  |  | $ | 3,488,793 |
Income from operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 48,248 |  |  | $ | 39,361 |  |  | $ | 120,613 |  |  | $ | 32,705 |
All Other |  |  | 5,598 |  |  |  | 5,043 |  |  |  | 20,601 |  |  |  | 12,381 |
Consolidated income from operations |  | $ | 53,846 |  |  | $ | 44,404 |  |  | $ | 141,214 |  |  | $ | 45,086 |
Depreciation and amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Nonalcoholic Beverages |  | $ | 43,067 |  |  | $ | 44,050 |  |  | $ | 128,986 |  |  | $ | 133,095 |
All Other |  |  | 2,521 |  |  |  | 2,539 |  |  |  | 7,430 |  |  |  | 7,401 |
Consolidated depreciation and amortization |  | $ | 45,588 |  |  | $ | 46,589 |  |  | $ | 136,416 |  |  | $ | 140,496 |
(1) | The Company historically presented consideration paid to customers under certain contractual arrangements for exclusive distribution rights and sponsorship privileges as a marketing expense within SD&A expenses. The Company has now determined such amounts should be presented as a reduction to net sales and has revised the presentation of previously issued financial statements to correct for this error. Net sales and SD&A expenses were revised by $7.6 million in the third quarter of 2018 and $22.2 million in the first nine months of 2018. See Note 4 to the condensed consolidated financial statements for additional information.
(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.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
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