Related Party Transactions (Tables)

3 Months Ended

Mar. 29, 2020

Summary of Significant Transactions between Company and The Coca-Cola Company

The following table summarizes the significant transactions between the Company and The Coca-Cola Company:


	First Quarter
(in thousands)	2020		2019
Payments made by the Company to The Coca-Cola Company for:
Concentrate, syrup, sweetener and other purchases	$	284,920	$	266,643
Customer marketing programs	32,991		33,292
Cold drink equipment parts	6,341		6,982
Brand investment programs	3,262		3,120

Payments made by The Coca-Cola Company to the Company for:
Marketing funding support payments	$	21,546	$	22,712
Fountain delivery and equipment repair fees	9,090		10,749
Presence marketing funding support on the Company’s behalf	1,735		435
Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers	1,157		999

Summary of Liability to Estimated Fair Value of Contingent Consideration

The following table summarizes the liability recorded by the Company to reflect the estimated fair value of contingent consideration related to future sub-bottling payments to CCR:


(in thousands)	March 29, 2020		December 29, 2019
Current portion of acquisition related contingent consideration	$	27,820	$	41,087
Noncurrent portion of acquisition related contingent consideration	409,274		405,597
Total acquisition related contingent consideration	$	437,094	$	446,684

Summary of Rental Payments Related to Leases

A summary of rental payments related to these leases is as follows:


	First Quarter
(in thousands)	2020		2019
Company headquarters	$	826	$	1,110
Snyder Production Center	1,113		1,080