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Segments (Tables)

6 Months Ended

Jul. 02, 2021

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

						Second Quarter												First Half
(in thousands)						2021						2020						2021						2020
Net sales:
Nonalcoholic Beverages						$	1,399,915					$	1,195,524					$	2,635,005					$	2,338,105
All Other						93,192						80,329						183,141						161,630
Eliminations(1)						(60,021)						(48,638)						(115,203)						(99,499)
Consolidated net sales						$	1,433,086					$	1,227,215					$	2,702,943					$	2,400,236

						Second Quarter												First Half
(in thousands)						2021						2020						2021						2020
Income from operations:
Nonalcoholic Beverages						$	124,372					$	83,907					$	219,414					$	119,524
All Other						(3,511)						(789)						(4,369)						(3,585)
Consolidated income from operations						$	120,861					$	83,118					$	215,045					$	115,939
Depreciation and amortization:
Nonalcoholic Beverages						$	41,224					$	39,909					$	81,775					$	80,667
All Other						3,133						2,928						6,108						5,729
Consolidated depreciation and amortization						$	44,357					$	42,837					$	87,883					$	86,396

(1)The entire net sales elimination represents net sales from the All Other segment 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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-SubTopic 10
-Section 50
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- References

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