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)	2016		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	$	50,146	$	59,002	$	31,354
Less dividends:
Common Stock		7,141		7,141		7,141
Class B Common Stock		2,166		2,146		2,125
Total undistributed earnings	$	40,839	$	49,715	$	22,088

Common Stock undistributed earnings – basic	$	31,328	$	38,223	$	17,021
Class B Common Stock undistributed earnings – basic		9,511		11,492		5,067
Total undistributed earnings	$	40,839	$	49,715	$	22,088

Common Stock undistributed earnings – diluted	$	31,194	$	38,059	$	16,948
Class B Common Stock undistributed earnings – diluted		9,645		11,656		5,140
Total undistributed earnings – diluted	$	40,839	$	49,715	$	22,088

Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	7,141	$	7,141	$	7,141
Common Stock undistributed earnings – basic		31,328		38,223		17,021
Numerator for basic net income per Common Stock share	$	38,469	$	45,364	$	24,162

Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	2,166	$	2,146	$	2,125
Class B Common Stock undistributed earnings – basic		9,511		11,492		5,067
Numerator for basic net income per Class B Common Stock share	$	11,677	$	13,638	$	7,192

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		2,166		2,146		2,125
Common Stock undistributed earnings – diluted		40,839		49,715		22,088
Numerator for diluted net income per Common Stock share	$	50,146	$	59,002	$	31,354

Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	2,166	$	2,146	$	2,125
Class B Common Stock undistributed earnings – diluted		9,645		11,656		5,140
Numerator for diluted net income per Class B Common Stock share	$	11,811	$	13,802	$	7,265

	Fiscal Year
(in thousands, except per share data)	2016		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		7,141
Class B Common Stock weighted average shares outstanding – basic		2,168		2,147		2,126

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)		9,349		9,328		9,307
Class B Common Stock weighted average shares outstanding – diluted		2,208		2,187		2,166

Basic net income per share:
Common Stock	$	5.39	$	6.35	$	3.38
Class B Common Stock	$	5.39	$	6.35	$	3.38

Diluted net income per share:
Common Stock	$	5.36	$	6.33	$	3.37
Class B Common Stock	$	5.35	$	6.31	$	3.35

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.