Segments (Tables)

9 Months Ended

Sep. 27, 2020

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Third Quarter				First Nine Months
(in thousands)	2020		2019		2020		2019
Net sales:
Nonalcoholic Beverages	$	1,295,271	$	1,236,261	$	3,633,376	$	3,547,373
All Other	84,776		92,501		246,406		275,358
Eliminations(1)	(51,563)		(57,733)		(151,062)		(175,131)
Consolidated net sales	$	1,328,484	$	1,271,029	$	3,728,720	$	3,647,600
Income from operations:
Nonalcoholic Beverages	$	108,035	$	48,248	$	227,559	$	120,613
All Other	(4,191)		5,598		(7,776)		20,601
Consolidated income from operations	$	103,844	$	53,846	$	219,783	$	141,214
Depreciation and amortization:
Nonalcoholic Beverages	$	45,066	$	43,067	$	125,733	$	128,986
All Other	3,027		2,521		8,756		7,430
Consolidated depreciation and amortization	$	48,093	$	45,588	$	134,489	$	136,416

(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.