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Net Income Per Share (Tables)
12 Months Ended
Dec. 28, 2014
Earnings Per Share [Abstract]  
Computation of Basic Net Income Per Share and Diluted 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. See Note 1 to the consolidated financial statements for additional information related to net income per share.

     Fiscal Year  

In Thousands (Except Per Share Data)

   2014      2013      2012  

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

   $ 31,354       $ 27,675       $ 27,217   

Less dividends:

        

Common Stock

     7,141         7,141         7,141   

Class B Common Stock

     2,125         2,104         2,083   
  

 

 

    

 

 

    

 

 

 

Total undistributed earnings

   $ 22,088       $ 18,430       $ 17,993   
  

 

 

    

 

 

    

 

 

 

Common Stock undistributed earnings — basic

   $ 17,021       $ 14,234       $ 13,927   

Class B Common Stock undistributed earnings — basic

     5,067         4,196         4,066   
  

 

 

    

 

 

    

 

 

 

Total undistributed earnings

   $ 22,088       $ 18,430       $ 17,993   
  

 

 

    

 

 

    

 

 

 

Common Stock undistributed earnings — diluted

   $ 16,948       $ 14,173       $ 13,867   

Class B Common Stock undistributed earnings — diluted

     5,140         4,257         4,126   
  

 

 

    

 

 

    

 

 

 

Total undistributed earnings — diluted

   $ 22,088       $ 18,430       $ 17,993   
  

 

 

    

 

 

    

 

 

 

Numerator for basic net income per Common Stock share:

        

Dividends on Common Stock

   $ 7,141       $ 7,141       $ 7,141   

Common Stock undistributed earnings — basic

     17,021         14,234         13,927   
  

 

 

    

 

 

    

 

 

 

Numerator for basic net income per Common Stock share

   $ 24,162       $ 21,375       $ 21,068   
  

 

 

    

 

 

    

 

 

 

Numerator for basic net income per Class B Common Stock share:

        

Dividends on Class B Common Stock

   $ 2,125       $ 2,104       $ 2,083   

Class B Common Stock undistributed earnings — basic

     5,067         4,196         4,066   
  

 

 

    

 

 

    

 

 

 

Numerator for basic net income per Class B Common Stock share

   $ 7,192       $ 6,300       $ 6,149   
  

 

 

    

 

 

    

 

 

 

Numerator for diluted net income per Common Stock share:

        

Dividends on Common Stock

   $ 7,141       $ 7,141       $ 7,141   

Dividends on Class B Common Stock assumed converted to Common Stock

     2,125         2,104         2,083   

Common Stock undistributed earnings — diluted

     22,088         18,430         17,993   
  

 

 

    

 

 

    

 

 

 

Numerator for diluted net income per Common Stock share

   $ 31,354       $ 27,675       $ 27,217   
  

 

 

    

 

 

    

 

 

 

 

     Fiscal Year  

In Thousands (Except Per Share Data)

   2014      2013      2012  

Numerator for diluted net income per Class B Common Stock share:

        

Dividends on Class B Common Stock

   $ 2,125       $ 2,104       $ 2,083   

Class B Common Stock undistributed earnings — diluted

     5,140         4,257         4,126   
  

 

 

    

 

 

    

 

 

 

Numerator for diluted net income per Class B Common Stock share

   $ 7,265       $ 6,361       $ 6,209   
  

 

 

    

 

 

    

 

 

 

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   

Class B Common Stock weighted average shares outstanding — basic

     2,126         2,105         2,085   

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)

     9,307         9,286         9,266   

Class B Common Stock weighted average shares outstanding — diluted

     2,166         2,145         2,125   

Basic net income per share:

        

Common Stock

   $ 3.38       $ 2.99       $ 2.95   
  

 

 

    

 

 

    

 

 

 

Class B Common Stock

   $ 3.38       $ 2.99       $ 2.95   
  

 

 

    

 

 

    

 

 

 

Diluted net income per share:

        

Common Stock

   $ 3.37       $ 2.98       $ 2.94   
  

 

 

    

 

 

    

 

 

 

Class B Common Stock

   $ 3.35       $ 2.97       $ 2.92   
  

 

 

    

 

 

    

 

 

 

NOTES TO TABLE

 

(1) For purposes of the diluted net income per share computation for Common Stock, 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 diluted effect of shares relative to the Performance Unit Award.