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Segments (Tables)
 12 Months Ended
Jan. 01, 2017
Segment Reporting [Abstract]  
Summary of Financial Information by Reportable Segment

The Company’s results for its two reportable segments are as follows:

 

 

 

Fiscal Year

 

(in thousands)

 

2016

 

 

2015

 

 

2014

 

Net Sales:

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

3,060,937

 

 

$

2,245,836

 

 

$

1,710,040

 

All Other

 

 

234,732

 

 

 

160,191

 

 

 

123,194

 

Eliminations*

 

 

(139,241

)

 

 

(99,569

)

 

 

(86,865

)

Consolidated net sales

 

$

3,156,428

 

 

$

2,306,458

 

 

$

1,746,369

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

123,230

 

 

$

92,921

 

 

$

82,297

 

All Other

 

 

4,629

 

 

 

5,223

 

 

 

3,670

 

Consolidated operating income

 

$

127,859

 

 

$

98,144

 

 

$

85,967

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

109,716

 

 

$

76,127

 

 

$

58,103

 

All Other

 

 

6,907

 

 

 

4,769

 

 

 

3,027

 

Consolidated depreciation and amortization

 

$

116,623

 

 

$

80,896

 

 

$

61,130

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

144,462

 

 

$

141,080

 

 

$

69,635

 

All Other

 

 

29,822

 

 

 

27,627

 

 

 

16,739

 

Consolidated capital expenditures

 

$

174,284

 

 

$

168,707

 

 

$

86,374

 

 

(in thousands)

 

January 1, 2017

 

 

January 3, 2016

 

Total Assets:

 

 

 

 

 

 

 

 

Nonalcoholic Beverages

 

$

2,349,284

 

 

$

1,804,084

 

All Other

 

 

105,785

 

 

 

75,842

 

Eliminations*

 

 

(5,585

)

 

 

(33,361

)

Consolidated total assets

 

$

2,449,484

 

 

$

1,846,565

 

 

*

NOTE: The entire net sales elimination for each year presented represents net sales from the All Other segment to the Nonalcoholic Beverages segment. Sales between these segments are either recognized at fair market value or cost depending on the nature of the transaction. Asset eliminations relate to eliminations of intercompany receivables and payables between the Nonalcoholic Beverages and All Other segments.

 

The Company is a shareholder of SAC and Southeastern. See Note 14 to the consolidated financial statements for additional information on the revenues and assets of these entities, which are included in the Nonalcoholic beverages segment results.

 
Net Sales by Product Category

Net sales by product category were as follows:

 

 

 

Fiscal Year

 

(in thousands)

 

2016

 

 

2015

 

 

2014

 

Bottle/can sales*:

 

 

 

 

 

 

 

 

 

 

 

 

Sparkling beverages (carbonated)

 

$

1,764,558

 

 

$

1,323,712

 

 

$

1,064,036

 

Still beverages (noncarbonated, including energy products)

 

 

892,125

 

 

 

577,872

 

 

 

339,904

 

Total bottle/can sales

 

 

2,656,683

 

 

 

1,901,584

 

 

 

1,403,940

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other sales:

 

 

 

 

 

 

 

 

 

 

 

 

Sales to other Coca-Cola bottlers

 

 

238,182

 

 

 

178,777

 

 

 

162,346

 

Post-mix and other

 

 

261,563

 

 

 

226,097

 

 

 

180,083

 

Total other sales

 

 

499,745

 

 

 

404,874

 

 

 

342,429

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total net sales

 

$

3,156,428

 

 

$

2,306,458

 

 

$

1,746,369