The following table sets forth the computation of basic net income per share and diluted net income per share under the two-class method:


	First Quarter
In Thousands (Except Per Share Data)	2015			2014
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	$	2,224		$	2,449
Less dividends:
Common Stock		1,785			1,785
Class B Common Stock		532			527

Total undistributed earnings	$	(93	)	$	137


Common Stock undistributed earnings – basic	$	(72	)	$	106
Class B Common Stock undistributed earnings – basic		(21	)		31

Total undistributed earnings – basic	$	(93	)	$	137


Common Stock undistributed earnings – diluted	$	(71	)	$	105
Class B Common Stock undistributed earnings – diluted		(22	)		32

Total undistributed earnings – diluted	$	(93	)	$	137


Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Common Stock undistributed earnings – basic		(72	)		106

Numerator for basic net income per Common Stock share	$	1,713		$	1,891


Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	532		$	527
Class B Common Stock undistributed earnings – basic		(21	)		31

Numerator for basic net income per Class B Common Stock share	$	511		$	558

Numerator for diluted net income per Common Stock share:
Dividends on Common Stock	$	1,785		$	1,785
Dividends on Class B Common Stock assumed converted to Common Stock		532			527
Common Stock undistributed earnings – diluted		(93	)		137

Numerator for diluted net income per Common Stock share	$	2,224		$	2,449


Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	532		$	527
Class B Common Stock undistributed earnings – diluted		(22	)		32

Numerator for diluted net income per Class B Common Stock share	$	510		$	559


	First Quarter
In Thousands (Except Per Share Data)	2015		2014
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
Class B Common Stock weighted average shares outstanding – basic		2,136		2,115

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)		9,317		9,296
Class B Common Stock weighted average shares outstanding – diluted		2,176		2,155

Basic net income per share:
Common Stock	$	.24	$	.26

Class B Common Stock	$	.24	$	.26


Diluted net income per share:
Common Stock	$	.24	$	.26

Class B Common Stock	$	.23	$	.26

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.