Segments (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Third Quarter				First Nine Months
(in thousands)	2022		2021		2022		2021
Net sales:
Nonalcoholic Beverages	$	1,600,065	$	1,426,971	$	4,535,300	$	4,061,976
All Other	101,136		88,991		303,209		272,132
Eliminations(1)	(72,612)		(58,530)		(210,347)		(173,733)
Consolidated net sales	$	1,628,589	$	1,457,432	$	4,628,162	$	4,160,375
Income from operations:
Nonalcoholic Beverages	$	189,218	$	144,130	$	467,788	$	363,544
All Other	712		(7,099)		420		(11,468)
Consolidated income from operations	$	189,930	$	137,031	$	468,208	$	352,076
Depreciation and amortization:
Nonalcoholic Beverages	$	39,578	$	44,313	$	119,635	$	126,088
All Other	2,953		3,145		8,748		9,253
Consolidated depreciation and amortization	$	42,531	$	47,458	$	128,383	$	135,341

(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.