Related Party Transactions (Tables)

3 Months Ended

Apr. 02, 2021

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)	2021		2020
Payments made by the Company to The Coca‑Cola Company for:
Concentrate, syrup, sweetener, finished products, and other purchases	$	307,425	$	287,707
Customer marketing programs	32,694		32,991
Cold drink equipment parts	5,036		6,341
Brand investment programs	4,190		3,262

Payments made by The Coca‑Cola Company to the Company for:
Marketing funding support payments	$	18,351	$	21,546
Fountain delivery and equipment repair fees	8,818		9,090
Facilitating the distribution of certain brands and packages	2,508		1,157
Presence marketing funding support on the Company’s behalf	—		1,735

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)	April 2, 2021		December 31, 2020
Current portion of acquisition related contingent consideration	$	38,014	$	36,020
Noncurrent portion of acquisition related contingent consideration	397,732		398,674
Total acquisition related contingent consideration	$	435,746	$	434,694

Summary of Rental Payments Related to Leases

A summary of rental payments for these leases related to the first quarter of 2021 and the first quarter of 2020 is as follows:


	First Quarter
(in thousands)	2021		2020
Company headquarters	$	945	$	826
Snyder Production Center	1,113		1,113