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Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Summary of Significant Transactions between Company and the Coca-cola Company
The following table summarizes the significant cash transactions between the Company and The Coca‑Cola Company:

Second QuarterFirst Half
(in thousands)2023202220232022
Payments made by the Company to The Coca-Cola Company(1)
$523,191 $510,571 $992,718 $930,279 
Payments made by The Coca-Cola Company to the Company55,495 60,601 102,934 120,270 

(1)This excludes acquisition related sub-bottling payments made by the Company to CCR (as defined below), a wholly owned subsidiary of The Coca‑Cola Company, but includes the purchase price of certain additional BODYARMOR distribution rights, each as discussed below.
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 expected acquisition related sub-bottling payments to CCR:
(in thousands)June 30, 2023December 31, 2022
Current portion of acquisition related contingent consideration$45,857 $40,060 
Noncurrent portion of acquisition related contingent consideration548,532 501,431 
Total acquisition related contingent consideration$594,389 $541,491 
Summary of Rental Payments Related to Leases
A summary of rental payments for related party leases for the second quarter and the first half of 2023 and 2022 is as follows:

Second QuarterFirst Half
(in thousands)2023202220232022
Company headquarters$983 $964 $1,966 $1,927 
Snyder Production Center(1)
— — — 927 

(1)The lease for the Snyder Production Center and an adjacent sales facility in Charlotte, North Carolina (together, the “Snyder Production Center”) was terminated during the first quarter of 2022 in connection with the purchase of the Snyder Production Center by CCBCC Operations, LLC, a wholly owned subsidiary of the Company.