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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Net sales $ 1,328,484 $ 1,271,029 $ 3,728,720 $ 3,647,600
Cost of sales 856,046 838,805 2,421,686 2,390,289
Gross profit 472,438 432,224 1,307,034 1,257,311
Selling, delivery and administrative expenses 368,594 378,378 1,087,251 1,116,097
Income from operations 103,844 53,846 219,783 141,214
Interest expense, net 9,033 10,965 27,778 35,846
Other expense, net 21,394 20,711 39,826 67,743
Income before income taxes 73,417 22,170 152,179 37,625
Income tax expense 18,363 6,624 38,911 10,801
Net income 55,054 15,546 113,268 26,824
Less: Net income attributable to noncontrolling interest 3,170 2,540 7,153 5,279
Net income attributable to Coca‑Cola Consolidated, Inc. $ 51,884 $ 13,006 $ 106,115 $ 21,545
Common Stock        
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.53 $ 1.39 $ 11.32 $ 2.30
Weighted average number of Common Stock shares outstanding (in shares) 7,141 7,141 7,141 7,141
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.51 $ 1.38 $ 11.25 $ 2.29
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 9,430 9,413 9,430 9,409
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75
Class B Common Stock        
Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.53 $ 1.39 $ 11.32 $ 2.30
Weighted average number of Common Stock shares outstanding (in shares) 2,232 2,232 2,232 2,228
Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.:        
Common Stock (in dollars per share) $ 5.51 $ 1.38 $ 11.24 $ 2.28
Weighted average number of Common Stock shares outstanding - assuming dilution (in shares) 2,289 2,272 2,289 2,268
Cash dividends per share:        
Common Stock (in dollars per share) $ 0.25 $ 0.25 $ 0.75 $ 0.75