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)	2017		2016		2015
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	$	96,535	$	50,146	$	59,002
Less dividends:
Common Stock		7,141		7,141		7,141
Class B Common Stock		2,187		2,166		2,146
Total undistributed earnings	$	87,207	$	40,839	$	49,715

Common Stock undistributed earnings – basic	$	66,754	$	31,328	$	38,223
Class B Common Stock undistributed earnings – basic		20,453		9,511		11,492
Total undistributed earnings	$	87,207	$	40,839	$	49,715

Common Stock undistributed earnings – diluted	$	66,469	$	31,194	$	38,059
Class B Common Stock undistributed earnings – diluted		20,738		9,645		11,656
Total undistributed earnings – diluted	$	87,207	$	40,839	$	49,715

Numerator for basic net income per Common Stock share:
Dividends on Common Stock	$	7,141	$	7,141	$	7,141
Common Stock undistributed earnings – basic		66,754		31,328		38,223
Numerator for basic net income per Common Stock share	$	73,895	$	38,469	$	45,364

Numerator for basic net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	2,187	$	2,166	$	2,146
Class B Common Stock undistributed earnings – basic		20,453		9,511		11,492
Numerator for basic net income per Class B Common Stock share	$	22,640	$	11,677	$	13,638

	Fiscal Year
(in thousands, except per share data)	2017		2016		2015
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		2,187		2,166		2,146
Common Stock undistributed earnings – diluted		87,207		40,839		49,715
Numerator for diluted net income per Common Stock share	$	96,535	$	50,146	$	59,002

Numerator for diluted net income per Class B Common Stock share:
Dividends on Class B Common Stock	$	2,187	$	2,166	$	2,146
Class B Common Stock undistributed earnings – diluted		20,738		9,645		11,656
Numerator for diluted net income per Class B Common Stock share	$	22,925	$	11,811	$	13,802

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		2,188		2,168		2,147

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)		9,369		9,349		9,328
Class B Common Stock weighted average shares outstanding – diluted		2,228		2,208		2,187

Basic net income per share:
Common Stock	$	10.35	$	5.39	$	6.35
Class B Common Stock	$	10.35	$	5.39	$	6.35

Diluted net income per share:
Common Stock	$	10.30	$	5.36	$	6.33
Class B Common Stock	$	10.29	$	5.35	$	6.31

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 Agreement.

⁽⁴⁾	The Company does not have anti-dilutive shares.