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Net Income Per Share
9 Months Ended
Oct. 02, 2011
Net Income Per Share [Abstract] 
Net Income Per Share
21. Net Income Per Share
The following table sets forth the computation of basic net income per share and diluted net income per share under the two-class method:
                                 
    Third Quarter     First Nine Months  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Numerator for basic and diluted net income per Common Stock and Class B Common Stock share:
                               
Net income attributable to Coca-Cola Bottling Co. Consolidated
  $ 9,768     $ 15,533     $ 26,782     $ 32,236  
Less dividends:
                               
Common Stock
    1,785       1,785       5,356       5,356  
Class B Common Stock
    517       512       1,545       1,528  
 
                       
Total undistributed earnings
  $ 7,466     $ 13,236     $ 19,881     $ 25,352  
 
                       
 
                               
Common Stock undistributed earnings — basic
  $ 5,790     $ 10,291     $ 15,428     $ 19,721  
Class B Common Stock undistributed earnings — basic
    1,676       2,945       4,453       5,631  
 
                       
Total undistributed earnings — basic
  $ 7,466     $ 13,236     $ 19,881     $ 25,352  
 
                       
 
                               
Common Stock undistributed earnings — diluted
  $ 5,765     $ 10,246     $ 15,361     $ 19,635  
Class B Common Stock undistributed earnings — diluted
    1,701       2,990       4,520       5,717  
 
                       
Total undistributed earnings — diluted
  $ 7,466     $ 13,236     $ 19,881     $ 25,352  
 
                       
 
                               
Numerator for basic net income per Common Stock share:
                               
Dividends on Common Stock
  $ 1,785     $ 1,785     $ 5,356     $ 5,356  
Common Stock undistributed earnings — basic
    5,790       10,291       15,428       19,721  
 
                       
Numerator for basic net income per Common Stock share
  $ 7,575     $ 12,076     $ 20,784     $ 25,077  
 
                       
Numerator for basic net income per Class B Common Stock share:
                               
Dividends on Class B Common Stock
  $ 517     $ 512     $ 1,545     $ 1,528  
Class B Common Stock undistributed earnings — basic
    1,676       2,945       4,453       5,631  
 
                       
Numerator for basic net income per Class B Common Stock share
  $ 2,193     $ 3,457     $ 5,998     $ 7,159  
 
                       
                                 
    Third Quarter     First Nine Months  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Numerator for diluted net income per Common Stock share:
                               
Dividends on Common Stock
  $ 1,785     $ 1,785     $ 5,356     $ 5,356  
Dividends on Class B Common Stock assumed converted to Common Stock
    517       512       1,545       1,528  
Common Stock undistributed earnings — diluted
    7,466       13,236       19,881       25,352  
 
                       
Numerator for diluted net income per Common Stock share
  $ 9,768     $ 15,533     $ 26,782     $ 32,236  
 
                       
 
Numerator for diluted net income per Class B Common Stock share:
                               
Dividends on Class B Common Stock
  $ 517     $ 512     $ 1,545     $ 1,528  
Class B Common Stock undistributed earnings — diluted
    1,701       2,990       4,520       5,717  
 
                       
Numerator for diluted net income per Class B Common Stock share
  $ 2,218     $ 3,502     $ 6,065     $ 7,245  
 
                       
                                 
    Third Quarter     First Nine Months  
In Thousands (Except Per Share Data)   2011     2010     2011     2010  
 
Denominator for basic net income per Common Stock and Class B Common Stock share:
                               
Common Stock weighted average shares outstanding — basic
    7,141       7,141       7,141       7,141  
Class B Common Stock weighted average shares outstanding — basic
    2,067       2,044       2,061       2,039  
 
Denominator for diluted net income per Common Stock and Class B Common Stock share:
                               
Common Stock weighted average shares outstanding — diluted (assumes conversion of Class B Common Stock to Common Stock)
    9,248       9,225       9,242       9,220  
Class B Common Stock weighted average shares outstanding — diluted
    2,107       2,084       2,101       2,079  
 
                               
Basic net income per share:
                               
Common Stock
  $ 1.06     $ 1.69     $ 2.91     $ 3.51  
 
                       
 
                               
Class B Common Stock
  $ 1.06     $ 1.69     $ 2.91     $ 3.51  
 
                       
 
                               
Diluted net income per share:
                               
Common Stock
  $ 1.06     $ 1.68     $ 2.90     $ 3.50  
 
                       
 
                               
Class B Common Stock
  $ 1.05     $ 1.68     $ 2.89     $ 3.48  
 
                       
 
NOTES TO TABLE
 
(1)
 
For purposes of the diluted net income per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted; therefore, 100% of undistributed earnings is allocated to Common Stock.
 
(2)
 
For purposes of the diluted net income per share computation for Class B Common Stock, weighted average shares of Class B Common Stock are assumed to be outstanding for the entire period and not converted.
 
(3)
 
Denominator for diluted net income per share for Common Stock and Class B Common Stock includes the dilutive effect of shares relative to the Performance Unit Award.