Set forth below are unaudited quarterly financial data for the fiscal years ended January 3, 2016 and December 28, 2014. Net sales in the fiscal year ended January 3, 2016 and in the second, third and fourth quarters of fiscal year ended December 28, 2014 include the sales in the 2015 Expansion Territories and the 2014 Expansion Territories.

In Thousands (except per share data)	Quarter
Year Ended January 3, 2016	1⁽¹⁾⁽²⁾		2^(3)(4)(5)(6)		3^{(3)(7)(8)(9)(10)}		4^{(3)(11)(12)(13)(14)}
Net sales	$	453,253	$	614,683	$	618,806	$	619,716
Gross margin		184,373		237,317		238,536		240,806
Net income attributable to Coca-Cola Bottling Co. Consolidated		2,224		26,934		25,553		4,291
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	0.24	$	2.90	$	2.75	$	0.46
Class B Common Stock	$	0.24	$	2.90	$	2.75	$	0.46
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	0.24	$	2.89	$	2.74	$	0.46
Class B Common Stock	$	0.23	$	2.88	$	2.73	$	0.46

In Thousands (except per share data)	Quarter
Year Ended December 28, 2014	1 ⁽¹⁵⁾		2^(16)(17)		3^(17)(18)		4^(17)(19)(20)
Net sales	$	388,582	$	459,473	$	457,676	$	440,638
Gross margin		156,333		185,520		184,942		178,444
Net income attributable to Coca-Cola Bottling Co. Consolidated		2,449		13,783		12,132		2,990
Basic net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	0.26	$	1.49	$	1.31	$	0.32
Class B Common Stock	$	0.26	$	1.49	$	1.31	$	0.32
Diluted net income per share based on net income attributable to Coca-Cola Bottling Co. Consolidated:
Common Stock	$	0.26	$	1.48	$	1.30	$	0.32
Class B Common Stock	$	0.26	$	1.48	$	1.30	$	0.32

Sales are seasonal with the highest sales volume occurring in the second and third quarters.

⁽¹⁾	Net income in the first quarter of 2015 included $3.0 million ($1.8 million, net of tax, or $0.20 per basic common share) in expenses related to the Company’s Expansion Transactions.

⁽²⁾	Net income in the first quarter of 2015 included a $5.1 million ($3.1 million, net of tax, or $0.34 per basic common share) expense related to the fair value adjustment for the acquisition related contingent consideration.

⁽³⁾	Net income in the first, second, third and fourth quarters of 2015 included $53.3 million, $114.0 million, $126.5 million and $143.2 million, respectively, of sales related to the 2015 Expansion Territories and the 2014 Expansion Territories.

⁽⁴⁾	Net income in the second quarter of 2015 included $4.3 million ($2.6 million, net of tax, or $0.28 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽⁵⁾	Net income in the second quarter of 2015 included $6.1 million ($3.7 million, net of tax, or $0.40 per basic common share) of income related to the fair value adjustment for the acquisition related contingent consideration.

⁽⁶⁾	Net income in the second quarter of 2015 included a $8.8 million ($5.4 million, net of tax, or $0.58 per basic common share) gain related to the Asset Exchange Transaction.

⁽⁷⁾	Net income in the third quarter of 2015 included $6.9 million ($4.2 million, net of tax, or $0.46 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽⁸⁾	Net income in the third quarter of 2015 included a $2.1 million ($1.3 million, net of tax, or $0.14 per basic common share) expense related to a mark-to-market adjustment related to the Company’s commodity hedging program.

⁽⁹⁾	Net income in the third quarter of 2015 included a $4.0 million ($2.5 million, net of tax, or $0.26 per basic common share) expense related to the fair value adjustment for the acquisition related contingent consideration.

⁽¹⁰⁾	Net income in the third quarter of 2015 included a $22.7 million ($13.9 million, net of tax, or $1.50 per basic common share) gain related to the sale of BYB.

⁽¹¹⁾	The fourth quarter of 2015 included a $2.4 million favorable pre-tax correction related to the calculation of certain state gross receipts taxes. This correction was not material to any other quarter and the impact on full year 2015 and 2014 financial results was not material.

⁽¹²⁾	Net income in the fourth quarter of 2015 included $5.8 million ($3.6 million, net of tax, or $0.38 per basic common share) expenses related to the Company’s Expansion Transactions.

⁽¹³⁾	Net income in the fourth quarter of 2015 included $1.2 million ($0.7 million, net of tax, or $0.08 per basic common share) debit related to a mark-to-market adjustment related to the Company’s commodity hedging program.

⁽¹⁴⁾	Net income in the fourth quarter of 2015 included a $3.3 million ($2.0 million, net of tax, or $0.22 per basic common share) bargain purchase gain related to the purchase of the Annapolis make-ready center.

⁽¹⁵⁾	Net income in the first quarter of 2014 included $2.0 million ($1.2 million, net of tax, or $.13 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽¹⁶⁾	Net income in the second quarter of 2014 included $3.1 million ($1.9 million, net of tax, or $.20 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽¹⁷⁾	Net income in the second, third and fourth quarters of 2014 included $4.3 million, $11.8 million and $29.0 million, respectively, of sales related to the 2014 Expansion Territories.

⁽¹⁸⁾	Net income in the third quarter of 2014 included $2.6 million ($1.6 million, net of tax, or $.17 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽¹⁹⁾	Net income in the fourth quarter of 2014 included $5.2 million ($3.2 million, net of tax, or $.34 per basic common share) of expenses related to the Company’s Expansion Transactions.

⁽²⁰⁾	Net income in the fourth quarter of 2014 included a $1.1 million ($0.7 million, net of tax, or $0.07 per basic common share) expense related to the fair value adjustment for the acquisition related contingent consideration.