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Customer Lists and Other Identifiable Intangible Assets [Member]

11.Distribution Agreements, Net

Distribution agreements, net, which are amortized on a straight-line basis and have an estimated useful life of 10 to 40 years, consisted of the following:

(in thousands)	June 30, 2019			December 30, 2018
Distribution agreements at cost	$	950,549		$	950,559
Less: Accumulated amortization		(62,311	)		(50,176	)
Distribution agreements, net	$	888,238		$	900,383

A reconciliation of the activity for distribution agreements, net for the first half of 2019 and the first half of 2018 is as follows:

	First Half
(in thousands)	2019			2018
Beginning balance - distribution agreements, net	$	900,383		$	913,352
Other distribution agreements		(10	)		-
Measurement period adjustment⁽¹⁾		-			5,100
Additional accumulated amortization		(12,135	)		(11,856	)
Ending balance - distribution agreements, net	$	888,238		$	906,596

⁽¹⁾

^{Measurement period adjustment relates to post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement for distribution territories acquired by the Company in October 2017 as part of the System Transformation. All final post-closing adjustments for this transaction were completed during 2018.}

Customer Lists and Other Identifiable Intangible Assets, Net

6 Months Ended

Jun. 30, 2019

Other Accrued Liabilities

12.Customer Lists and Other Identifiable Intangible Assets, Net

Customer lists and other identifiable intangible assets, net, which are amortized on a straight-line basis and have an estimated useful life of 5 to 12 years, consisted of the following:

(in thousands)	June 30, 2019			December 30, 2018
Customer lists and other identifiable intangible assets at cost	$	25,288		$	25,288
Less: Accumulated amortization		(9,726	)		(8,806	)
Customer lists and other identifiable intangible assets, net	$	15,562		$	16,482

Other Accrued Liabilities

6 Months Ended

Jun. 30, 2019

Payables And Accruals [Abstract]

13.Other Accrued Liabilities

Other accrued liabilities consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Accrued insurance costs	$	42,806	$	37,916
Current portion of acquisition related contingent consideration		32,131		32,993
Employee and retiree benefit plan accruals		29,821		29,300
Accrued marketing costs		26,712		31,475
Checks and transfers yet to be presented for payment from zero balance cash accounts		13,356		72,701
Accrued taxes (other than income taxes)		9,457		4,577
Commodity hedges at fair market value		7,522		10,305
Current deferred proceeds from Territory Conversion Fee		2,286		2,286
All other accrued expenses		33,010		28,693
Total other accrued liabilities	$	197,101	$	250,246

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

14.Derivative Financial Instruments

The Company is subject to the risk of increased costs arising from adverse changes in certain commodity prices. In the normal course of business, the Company manages these risks through a variety of strategies, including the use of derivative instruments. The Company does not use derivative instruments for trading or speculative purposes. All derivative instruments are recorded at fair value as either assets or liabilities in the Company’s condensed consolidated balance sheets. These derivative instruments are not designated

as hedging instruments under GAAP and are used as “economic hedges” to manage certain commodity price risk. Derivative instruments held are marked to market on a monthly basis and recognized in earnings consistent with the expense classification of the underlying hedged item. Settlements of derivative agreements are included in cash flows from operating activities on the Company’s condensed consolidated statements of cash flows.

The Company uses several different financial institutions for commodity derivative instruments to minimize the concentration of credit risk. While the Company would be exposed to credit loss in the event of nonperformance by these counterparties, the Company does not anticipate nonperformance by these parties.

The following table summarizes pre-tax changes in the fair value of the Company’s commodity derivative financial instruments and the classification of such changes in the condensed consolidated statements of operations.

		Second Quarter					First Half
(in thousands)	Classification of Gain (Loss)	2019			2018		2019			2018
Commodity hedges	Cost of sales	$	(4,874	)	$	249	$	(969	)	$	(2,516	)
Commodity hedges	Selling, delivery and administrative expenses		(66	)		48		2,649			(154	)
Total gain (loss)		$	(4,940	)	$	297	$	1,680		$	(2,670	)

The following table summarizes the fair values and classification in the condensed consolidated balance sheets of derivative instruments held by the Company:

(in thousands)	Balance Sheet Classification	June 30, 2019		December 30, 2018
Liabilities:
Commodity hedges at fair market value	Other accrued liabilities	$	7,522	$	10,305
Commodity hedges at fair market value	Other liabilities		1,103		-
Total liabilities		$	8,625	$	10,305

The Company has master agreements with the counterparties to its derivative financial agreements that provide for net settlement of derivative transactions. Accordingly, the net amounts of derivative assets are recognized in either prepaid expenses and other current assets or other assets in the Company’s condensed consolidated balance sheets and the net amounts of derivative liabilities are recognized in other accrued liabilities or other liabilities in the condensed consolidated balance sheets.

The following table summarizes the Company’s gross derivative assets and gross derivative liabilities in the condensed consolidated balance sheets:

(in thousands)	June 30, 2019		December 30, 2018
Gross derivative assets	$	17,328	$	28,305
Gross derivative liabilities		25,953		38,610

The following table summarizes the Company’s outstanding commodity derivative agreements:

(in thousands)	June 30, 2019		December 30, 2018
Notional amount of outstanding commodity derivative agreements	$	167,630	$	168,388
Latest maturity date of outstanding commodity derivative agreements	December 2020		December 2019

Fair Values of Financial Instruments

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Values of Financial Instruments

15.Fair Values of Financial Instruments

GAAP requires assets and liabilities carried at fair value to be classified and disclosed in one of the following categories:

•	Level 1: Quoted market prices in active markets for identical assets or liabilities.

•	Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data.

•	Level 3: Unobservable inputs that are not corroborated by market data.

The following methods and assumptions were used by the Company in estimating the fair values of its financial instruments. There were no transfers of assets or liabilities between levels in any period presented.

Financial Instrument	Fair Value Level	Method and Assumptions
Deferred compensation plan assets and liabilities	Level 1	The fair value of the Company’s non-qualified deferred compensation plan for certain executives and other highly compensated employees is based on the fair values of associated assets and liabilities, which are held in mutual funds and are based on the quoted market value of the securities held within the mutual funds.
Commodity hedging agreements	Level 2	The fair values of the Company’s commodity hedging agreements are based on current settlement values at each balance sheet date. The fair values of the commodity hedging agreements at each balance sheet date represent the estimated amounts the Company would have received or paid upon termination of these agreements. The Company’s credit risk related to the derivative financial instruments is managed by requiring high standards for its counterparties and periodic settlements. The Company considers nonperformance risk in determining the fair value of derivative financial instruments.
Nonpublic variable rate debt	Level 2	The carrying amounts of the Company’s nonpublic variable rate debt approximate their fair values due to variable interest rates with short reset periods.
Nonpublic fixed rate debt	Level 2	The fair values of the Company’s nonpublic fixed rate debt are based on estimated current market prices.
Public debt securities	Level 2	The fair values of the Company’s public debt securities are based on estimated current market prices.
Acquisition related contingent consideration	Level 3	The fair values of acquisition related contingent consideration are based on internal forecasts and the weighted average cost of capital (“WACC”) derived from market data.

The following tables summarize, by assets and liabilities, the carrying amounts and fair values by level of the Company’s deferred compensation plan, commodity hedging agreements, debt and acquisition related contingent consideration:

	June 30, 2019
	Carrying		Total		Fair Value		Fair Value		Fair Value
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Assets:
Deferred compensation plan assets	$	39,012	$	39,012	$	39,012	$	-	$	-
Liabilities:
Deferred compensation plan liabilities		39,012		39,012		39,012		-		-
Commodity hedging agreements		8,625		8,625		-		8,625		-
Nonpublic variable rate debt		369,662		370,000		-		370,000		-
Nonpublic fixed rate debt		374,696		380,900		-		380,900		-
Public debt securities		347,794		363,800		-		363,800		-
Acquisition related contingent consideration		412,450		412,450		-		-		412,450

	December 30, 2018
	Carrying		Total		Fair Value		Fair Value		Fair Value
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Assets:
Deferred compensation plan assets	$	33,160	$	33,160	$	33,160	$	-	$	-
Liabilities:
Deferred compensation plan liabilities		33,160		33,160		33,160		-		-
Commodity hedging agreements		10,305		10,305		-		10,305		-
Nonpublic variable rate debt		372,074		372,500		-		372,500		-
Nonpublic fixed rate debt		274,717		261,200		-		261,200		-
Public debt securities		457,612		455,400		-		455,400		-
Acquisition related contingent consideration		382,898		382,898		-		-		382,898

The acquisition related contingent consideration is valued using a probability weighted discounted cash flow model based on internal forecasts and the WACC derived from market data, which are considered Level 3 inputs. Each reporting period, the Company adjusts

its acquisition related contingent consideration liability related to the distribution territories to fair value by discounting future expected sub-bottling payments required under the CBA using the Company’s estimated WACC.

The future expected sub-bottling payments extend through the life of the applicable distribution assets acquired in each System Transformation transaction, which is generally 40 years. As a result, the fair value of the acquisition related contingent consideration liability is impacted by the Company’s WACC, management’s estimate of the amounts that will be paid in the future under the CBA, and current sub-bottling payments (all Level 3 inputs). Changes in any of these Level 3 inputs, particularly the underlying risk-free interest rate used to estimate the Company’s WACC, could result in material changes to the fair value of the acquisition related contingent consideration and could materially impact the amount of noncash income or expense recorded each reporting period.

The acquisition related contingent consideration is the Company’s only Level 3 asset or liability. A reconciliation of the Level 3 activity is as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Beginning balance - Level 3 liability	$	393,007		$	368,804		$	382,898		$	381,291
Measurement period adjustments⁽¹⁾		-			3,151			-			2,092
Payments of acquisition related contingent consideration		(6,599	)		(5,381	)		(12,836	)		(11,263	)
Reclassification to current payables		(3,180	)		(1,180	)		(880	)		(1,540	)
Increase in fair value		29,222			9,143			43,268			3,957
Ending balance - Level 3 liability	$	412,450		$	374,537		$	412,450		$	374,537

⁽¹⁾

^{Measurement period adjustments relate to post-closing adjustments made in accordance with the terms and conditions of the applicable asset purchase agreement for distribution territories acquired by the Company in April 2017 and October 2017 as part of the System Transformation. All final post-closing adjustments for these transactions were completed during 2018.}

The increase in the fair value of the acquisition related contingent consideration liability during the first half of 2019 was primarily driven by a decrease in the discount rate and changes in future cash flow projections of the distribution territories subject to sub-bottling fees. The increase in the fair value of the acquisition related contingent consideration liability during the first half of 2018 was primarily driven by cash payments, post-closing adjustments related to System Transformation transactions and changes in future cash flow projections of the distribution territories subject to sub-bottling fees, partially offset by an increase in the discount rate. These fair value adjustments were recorded in other expense, net in the condensed consolidated statements of operations.

The anticipated amount the Company could pay annually under acquisition related contingent consideration arrangements is expected to be in the range of $25 million to $49 million.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Abstract]

Income Taxes

16.Income Taxes

The Company’s effective income tax rate, calculated by dividing income tax expense (benefit) by income (loss) before income taxes, was 27.0% for the first half of 2019 and 44.6% for the first half of 2018. The decrease in the effective tax rate was primarily driven by improved financial results.

The Company’s effective income tax rate, calculated by dividing income tax expense (benefit) by income (loss) before income taxes minus net income attributable to noncontrolling interest, was 32.8% for the first half of 2019 and 42.0% for the first half of 2018.

The Company had uncertain tax positions, including accrued interest, of $3.2 million on June 30, 2019 and $3.1 million on December 30, 2018, all of which would affect the Company’s effective tax rate if recognized. While it is expected the amount of uncertain tax positions may change in the next 12 months, the Company does not expect such change would have a significant impact on the condensed consolidated financial statements.

Prior tax years beginning in year 2002 remain open to examination by the Internal Revenue Service, and various tax years beginning in year 1998 remain open to examination by certain state tax jurisdictions.

Pension and Postretirement Benefit Obligations

6 Months Ended

Jun. 30, 2019

Compensation And Retirement Disclosure [Abstract]

Pension and Postretirement Benefit Obligations

17.Pension and Postretirement Benefit Obligations

Pension Plans

There are two Company-sponsored pension plans. The primary Company-sponsored pension plan was frozen as of June 30, 2006 and no benefits accrued to participants after this date. The second Company-sponsored pension plan (the “Bargaining Plan”) is for certain employees under collective bargaining agreements. Benefits under the Bargaining Plan are determined in accordance with negotiated formulas for the respective participants. Contributions to the plans are based on actuarially determined amounts and are limited to the amounts currently deductible for income tax purposes.

The components of net periodic pension cost were as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Service cost	$	1,206		$	1,413		$	2,413		$	2,825
Interest cost		3,062			2,856			6,125			5,712
Expected return on plan assets		(2,574	)		(3,852	)		(5,148	)		(7,704	)
Recognized net actuarial loss		900			933			1,801			1,866
Amortization of prior service cost		7			6			12			12
Net periodic pension cost	$	2,601		$	1,356		$	5,203		$	2,711

The Company did not make any contributions to the two Company sponsored pension plans during the first half of 2019. Contributions to the two Company-sponsored pension plans are expected to be in the range of $1 million to $2 million for the remainder of 2019.

Postretirement Benefits

The Company provides postretirement benefits for a portion of its current employees. The Company recognizes the cost of postretirement benefits, which consist principally of medical benefits, during covered employees’ periods of active service. The Company does not pre-fund these benefits and has the right to modify or terminate certain of these benefits in the future.

The components of net periodic postretirement benefit cost were as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Service cost	$	389		$	503		$	778		$	1,005
Interest cost		693			696			1,386			1,392
Recognized net actuarial loss		195			499			391			998
Amortization of prior service cost		(322	)		(462	)		(646	)		(924	)
Net periodic postretirement benefit cost	$	955		$	1,236		$	1,909		$	2,471

Other Liabilities

6 Months Ended

Jun. 30, 2019

Other Liabilities Disclosure [Abstract]

Other Liabilities

18.Other Liabilities

Other liabilities consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Noncurrent portion of acquisition related contingent consideration	$	380,319	$	349,905
Accruals for executive benefit plans		134,753		126,103
Noncurrent deferred proceeds from Territory Conversion Fee		84,020		85,163
Noncurrent deferred proceeds from Legacy Facilities Credit		29,969		30,369
Other		12,495		17,595
Total other liabilities	$	641,556	$	609,135

Debt

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Debt

19.Debt

Following is a summary of the Company’s debt:

(in thousands)	Maturity Date	Interest Rate	Interest Paid	Public or Nonpublic	June 30, 2019			December 30, 2018
Senior notes⁽¹⁾	4/15/2019	7.00%	Semi-annually	Public	$	-		$	110,000
Term loan facility⁽¹⁾	6/7/2021	Variable	Varies	Nonpublic		270,000			292,500
Senior notes	2/27/2023	3.28%	Semi-annually	Nonpublic		125,000			125,000
Revolving credit facility⁽²⁾	6/8/2023	Variable	Varies	Nonpublic		100,000			80,000
Senior notes	11/25/2025	3.80%	Semi-annually	Public		350,000			350,000
Senior notes	10/10/2026	3.93%	Quarterly	Nonpublic		100,000			-
Senior notes	3/21/2030	3.96%	Quarterly	Nonpublic		150,000			150,000
Unamortized discount on senior notes⁽³⁾	4/15/2019					-			(78	)
Unamortized discount on senior notes⁽³⁾	11/25/2025					(56	)		(61	)
Debt issuance costs						(2,792	)		(2,958	)
Long-term debt					$	1,092,152		$	1,104,403

⁽¹⁾

^{The senior notes due in 2019 were refinanced on April 10, 2019 using proceeds from the issuance of the senior notes due in 2026 (as discussed below). The Company intends to refinance principal payments due in the next twelve months under the term loan facility, and has the capacity to do so under its revolving credit facility, which is classified as long-term debt. As such, any amounts due in the next twelve months were classified as noncurrent.}

⁽²⁾

^{The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million, which may be increased at the Company’s option to $750 million, subject to obtaining commitments from the lenders and satisfying other conditions specified in the credit agreement. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company.}

⁽³⁾	^{The senior notes due in 2019 were issued at 98.238% of par and the senior notes due in 2025 were issued at 99.975% of par.}

The Company mitigates its financing risk by using multiple financial institutions and only entering into credit arrangements with institutions with investment grade credit ratings. The Company monitors counterparty credit ratings on an ongoing basis.

On April 10, 2019, the Company sold $100 million aggregate principal amount of senior unsecured notes due in 2026 to MetLife Investment Advisors, LLC (“MetLife”) and certain of its affiliates pursuant to a Note Purchase and Private Shelf Agreement dated January 23, 2019 between the Company, MetLife and the other parties thereto. These notes bear interest at 3.93%, payable quarterly in arrears on each January 10, April 10, July 10 and October 10, commencing on July 10, 2019, and will mature on October 10, 2026, unless earlier redeemed by the Company. The Company used the proceeds to refinance the senior notes due on April 15, 2019. The Company may request that MetLife consider the purchase of additional senior unsecured notes of the Company under the agreement in an aggregate principal amount of up to $200 million.

The indentures under which the Company’s public debt was issued do not include financial covenants but do limit the incurrence of certain liens and encumbrances as well as indebtedness by the Company’s subsidiaries in excess of certain amounts. The agreements under which the Company’s nonpublic debt were issued include two financial covenants: a consolidated cash flow/fixed charges ratio and a consolidated funded indebtedness/cash flow ratio, each as defined in the respective agreements. The Company was in compliance with these covenants as of June 30, 2019. These covenants do not currently, and the Company does not anticipate they will, restrict its liquidity or capital resources.

All outstanding long-term debt has been issued by the Company and none has been issued by any of its subsidiaries. There are no guarantees of the Company’s debt.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

20.Commitments and Contingencies

Manufacturing Cooperatives

The Company is obligated to purchase at least 80% of its requirements of plastic bottles for certain designated territories from Southeastern. The Company is also obligated to purchase 17.5 million cases of finished product from SAC on an annual basis through June 2024. The Company purchased 14.3 million cases and 15.0 million cases of finished product from SAC in the first half of 2019 and the first half of 2018, respectively.

The following table summarizes the Company’s purchases from these manufacturing cooperatives:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Purchases from Southeastern	$	36,614	$	34,797	$	70,940	$	63,966
Purchases from SAC		39,993		41,084		77,439		79,160
Total purchases from manufacturing cooperatives	$	76,607	$	75,881	$	148,379	$	143,126

The Company guarantees a portion of SAC’s debt, which expires at various dates through 2021. The amounts guaranteed were $23.9 million on both June 30, 2019 and December 30, 2018. In the event SAC fails to fulfill its commitments under the related debt, the Company would be responsible for payments to the lenders up to the level of the guarantee. The Company does not anticipate SAC will fail to fulfill its commitment related to the debt. The Company further believes SAC has sufficient assets, including production equipment, facilities and working capital, and the ability to adjust selling prices of its products to adequately mitigate the risk of material loss from the Company’s guarantee.

The Company holds no assets as collateral against the SAC guarantee, the fair value of which is immaterial to the Company’s condensed consolidated financial statements. The Company monitors its investments in SAC and would be required to write down its investment if an impairment was identified and the Company determined it to be other than temporary. No impairment of the Company’s investments in SAC was identified as of June 30, 2019, and there was no impairment identified in 2018.

Other Commitments and Contingencies

The Company has standby letters of credit, primarily related to its property and casualty insurance programs. These letters of credit totaled $35.6 million on both June 30, 2019 and December 30, 2018.

The Company participates in long-term marketing contractual arrangements with certain prestige properties, athletic venues and other locations. As of June 30, 2019, the future payments related to these contractual arrangements, which expire at various dates through 2033, amounted to $198.0 million.

The Company is involved in various claims and legal proceedings which have arisen in the ordinary course of its business. Although it is difficult to predict the ultimate outcome of these claims and legal proceedings, management believes that the ultimate disposition of these matters will not have a material adverse effect on the financial condition, cash flows or results of operations of the Company. No material amount of loss in excess of recorded amounts is believed to be reasonably possible as a result of these claims and legal proceedings.

The Company is subject to audits by tax authorities in jurisdictions where it conducts business. These audits may result in assessments that are subsequently resolved with the authorities or potentially through the courts. Management believes the Company has adequately provided for any assessments likely to result from these audits; however, final assessments, if any, could be different than the amounts recorded in the condensed consolidated financial statements.

Capital Transactions

6 Months Ended

Jun. 30, 2019

Capital Transactions

21.Capital Transactions

During the first quarter of each year presented, J. Frank Harrison, III received shares of the Company’s Class B Common Stock in connection with his services as Chairman of the Board of Directors and Chief Executive Officer of the Company during the prior year, pursuant to a ten-year performance unit award agreement approved in 2008 (the “Performance Unit Award Agreement”). The Performance Unit Award Agreement expired at the end of 2018, with the final award issued in the first quarter of 2019. As permitted under the terms of the Performance Unit Award Agreement, a number of shares were settled in cash each year to satisfy tax withholding obligations in connection with the vesting of the performance units. The remaining number of shares increased the total shares of Class B Common Stock outstanding. A summary of the awards issued in 2019 and 2018 is as follows:

	Fiscal Year
	2019		2018
Date of approval for award	March 5, 2019		March 6, 2018
Fiscal year of service covered by award	2018		2017
Shares settled in cash to satisfy tax withholding obligations		15,476		16,504
Increase in Class B Common Stock shares outstanding		19,224		20,296
Total Class B Common Stock awarded		34,700		36,800

Compensation expense for the awards issued pursuant to the Performance Unit Award Agreement, recognized on the closing share price of the last trading day prior to the end of each fiscal period, was $2.0 million in the first half of 2019 and $1.7 million in the first half of 2018.

In 2018, the Compensation Committee of the Company’s Board of Directors (the “Committee”) and the Company’s stockholders approved a long-term performance equity plan (the “Long-Term Performance Equity Plan”), which compensates J. Frank Harrison, III based on the Company’s performance. The Long-Term Performance Equity Plan succeeded the Performance Unit Award Agreement upon its expiration. Awards granted under the Long-Term Performance Equity Plan are earned based on the Company’s attainment during a performance period of certain performance measures, each as specified by the Committee. These awards may be settled in cash and/or shares of Class B Common Stock, based on the average of the closing prices of shares of Common Stock during the last twenty trading days of the performance period. Compensation expense for the Long-Term Performance Equity Plan, which is included in SD&A expenses on the condensed consolidated statements of operations, was $6.7 million in the first half of 2019 and $1.0 million in the first half of 2018.

Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2019

Accumulated Other Comprehensive Income (Loss)

22.Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI(L)”) is comprised of adjustments relative to the Company’s pension and postretirement medical benefit plans and foreign currency translation adjustments required for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States.

A summary of AOCI(L) for the second quarter of 2019 and the second quarter of 2018 is as follows:

(in thousands)	March 31, 2019			Pre-tax Activity			Tax Effect			June 30, 2019
Net pension activity:
Actuarial loss	$	(72,011	)	$	900		$	(221	)	$	(71,332	)
Prior service costs		(20	)		7			(2	)		(15	)
Net postretirement benefits activity:
Actuarial loss		(4,754	)		195			(48	)		(4,607	)
Prior service costs		107			(322	)		79			(136	)
Foreign currency translation adjustment		(9	)		7			(2	)		(4	)
Reclassification of stranded tax effects		(19,720	)		-			-			(19,720	)
Total	$	(96,407	)	$	787		$	(194	)	$	(95,814	)

(in thousands)	April 1, 2018			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(77,915	)	$	933		$	(230	)	$	(77,212	)
Prior service costs		(39	)		6			(1	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(16,922	)		499			(124	)		(16,547	)
Prior service costs		1,396			(462	)		114			1,048
Foreign currency translation adjustment		17			(12	)		3			8
Total	$	(93,463	)	$	964		$	(238	)	$	(92,737	)

A summary of AOCI(L) for the first half of 2019 and the first half of 2018 is as follows:

(in thousands)	December 30, 2018			Pre-tax Activity			Tax Effect			June 30, 2019
Net pension activity:
Actuarial loss	$	(72,690	)	$	1,801		$	(443	)	$	(71,332	)
Prior service costs		(24	)		12			(3	)		(15	)
Net postretirement benefits activity:
Actuarial loss		(4,902	)		391			(96	)		(4,607	)
Prior service costs		351			(646	)		159			(136	)
Foreign currency translation adjustment		-			(3	)		(1	)		(4	)
Reclassification of stranded tax effects		-			-			(19,720	)		(19,720	)
Total	$	(77,265	)	$	1,555		$	(20,104	)	$	(95,814	)

(in thousands)	December 31, 2017			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(78,618	)	$	1,866		$	(460	)	$	(77,212	)
Prior service costs		(43	)		12			(3	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(17,299	)		998			(246	)		(16,547	)
Prior service costs		1,744			(924	)		228			1,048
Foreign currency translation adjustment		14			(8	)		2			8
Total	$	(94,202	)	$	1,944		$	(479	)	$	(92,737	)

A summary of the impact of AOCI(L) on certain statements of operations line items is as follows:

	Second Quarter 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	266	$	(66	)	$	-	$	200
Selling, delivery and administrative expenses		641		(61	)		7		587
Subtotal pre-tax		907		(127	)		7		787
Income tax expense		223		(31	)		2		194
Total after tax effect	$	684	$	(96	)	$	5	$	593

	Second Quarter 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	215	$	7	$	-		$	222
Selling, delivery and administrative expenses		724		30		(12	)		742
Subtotal pre-tax		939		37		(12	)		964
Income tax expense		231		10		(3	)		238
Total after tax effect	$	708	$	27	$	(9	)	$	726

	First Half 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	529	$	(133	)	$	-		$	396
Selling, delivery and administrative expenses		1,284		(122	)		(3	)		1,159
Subtotal pre-tax		1,813		(255	)		(3	)		1,555
Income tax expense		446		(63	)		1			384
Total after tax effect	$	1,367	$	(192	)	$	(4	)	$	1,171

	First Half 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	431	$	13	$	-		$	444
Selling, delivery and administrative expenses		1,447		61		(8	)		1,500
Subtotal pre-tax		1,878		74		(8	)		1,944
Income tax expense		463		18		(2	)		479
Total after tax effect	$	1,415	$	56	$	(6	)	$	1,465

Supplemental Disclosures of Cash Flow Information

6 Months Ended

Jun. 30, 2019

Supplemental Cash Flow Elements [Abstract]

Supplemental Disclosures of Cash Flow Information

23.Supplemental Disclosures of Cash Flow Information

Changes in current assets and current liabilities affecting cash flows were as follows:

	First Half
(in thousands)	2019			2018
Accounts receivable, trade, net	$	(20,374	)	$	(60,592	)
Accounts receivable from The Coca-Cola Company		(23,273	)		(7,586	)
Accounts receivable, other		(8,199	)		9,923
Inventories		(20,865	)		(38,455	)
Prepaid expenses and other current assets		(2,408	)		11,565
Accounts payable, trade		32,761			12,767
Accounts payable to The Coca-Cola Company		28,237			60,857
Other accrued liabilities		(52,688	)		13,609
Accrued compensation		(10,256	)		(18,160	)
Accrued interest payable		(1,777	)		(55	)
Change in current assets less current liabilities (exclusive of acquisitions)	$	(78,842	)	$	(16,127	)

Significant Accounting Policies and New Accounting Pronouncements (Policies)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Significant Accounting Policies

Recently Adopted Accounting Pronouncements

Revenue Recognition

The following table represents a disaggregation of revenue from contracts with customers:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Point in time net sales:
Nonalcoholic - point in time	$	1,227,977	$	1,183,083	$	2,288,248	$	2,214,891
Total point in time net sales	$	1,227,977	$	1,183,083	$	2,288,248	$	2,214,891

Over time net sales:
Nonalcoholic - over time	$	10,908	$	9,199	$	22,864	$	17,813
Other - over time		34,774		27,721		65,459		52,056
Total over time net sales	$	45,682	$	36,920	$	88,323	$	69,869

Total net sales	$	1,273,659	$	1,220,003	$	2,376,571	$	2,284,760

Lessees

•	Short-term lease exception: Allows the Company to not recognize leases with a contractual term of less than 12 months on the balance sheet.

•	Election to not separate non-lease components: Allows the Company to not separate lease and non-lease components and to account for both components as a single component, recognized on the balance sheet.

•

The Company used the following policies and assumptions to evaluate its population of leases:

•

•	Lease term: The Company does not recognize leases with a contractual term of less than 12 months on the balance sheet. Lease expense for these short-term leases is expensed on a straight-line basis over the lease term.

•

•	Residual value guarantees, restrictions or covenants: The Company’s lease agreements do not contain residual value guarantees, restrictions or covenants.

Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Rental Payments Related to Leases

A summary of rental payments related to these leases is as follows:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Company headquarters	$	1,151	$	1,110	$	2,261	$	2,236
Snyder Production Center		1,081		1,049		2,161		2,098

The Coca-Cola Company [Member]

Summary of Significant Transactions between Company and The Coca-Cola Company

The following table summarizes the significant transactions between the Company and The Coca‑Cola Company:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Payments made by the Company to The Coca-Cola Company for:
Concentrate, syrup, sweetener and other purchases	$	344,841	$	328,689	$	611,484	$	571,157
Customer marketing programs		39,221		41,475		72,513		76,057
Cold drink equipment parts		7,067		8,089		14,049		14,230

Payments made by The Coca-Cola Company to the Company for:
Marketing funding support payments	$	26,311	$	22,656	$	49,023	$	42,693
Fountain delivery and equipment repair fees		9,885		10,353		20,634		19,700
Presence marketing funding support on the Company’s behalf		4,502		4,614		4,937		5,095
Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers		1,351		4,256		2,350		8,124
Cold drink equipment		-		3,789		-		3,789

CCR [Member]

Summary of Liability to Estimated Fair Value of Contingent Consideration

The following table summarizes the liability recorded by the Company to reflect the estimated fair value of contingent consideration related to future sub‑bottling payments to CCR:

(in thousands)	June 30, 2019		December 30, 2018
Current portion of acquisition related contingent consideration	$	32,131	$	32,993
Noncurrent portion of acquisition related contingent consideration		380,319		349,905
Total acquisition related contingent consideration	$	412,450	$	382,898

Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2019

Revenue From Contract With Customer [Abstract]

Disaggregation of Revenue from Contracts with Customers

The following table represents a disaggregation of revenue from contracts with customers:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Point in time net sales:
Nonalcoholic - point in time	$	1,227,977	$	1,183,083	$	2,288,248	$	2,214,891
Total point in time net sales	$	1,227,977	$	1,183,083	$	2,288,248	$	2,214,891

Over time net sales:
Nonalcoholic - over time	$	10,908	$	9,199	$	22,864	$	17,813
Other - over time		34,774		27,721		65,459		52,056
Total over time net sales	$	45,682	$	36,920	$	88,323	$	69,869

Total net sales	$	1,273,659	$	1,220,003	$	2,376,571	$	2,284,760

Segments (Tables)

6 Months Ended

Jun. 30, 2019

Segment Reporting [Abstract]

Summary of Financial Information by Segment

The Company’s segment results are as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Net sales:
Nonalcoholic Beverages⁽¹⁾	$	1,238,885		$	1,192,282		$	2,311,112		$	2,232,704
All Other		94,942			93,398			182,857			179,997
Eliminations⁽²⁾		(60,168	)		(65,677	)		(117,398	)		(127,941	)
Consolidated net sales	$	1,273,659		$	1,220,003		$	2,376,571		$	2,284,760

Income (loss) from operations:
Nonalcoholic Beverages	$	57,724		$	16,089		$	72,365		$	(6,656	)
All Other		9,490			3,590			15,003			7,338
Consolidated income from operations	$	67,214		$	19,679		$	87,368		$	682

Depreciation and amortization:
Nonalcoholic Beverages	$	42,568		$	44,220		$	85,919		$	89,045
All Other		2,488			2,467			4,909			4,862
Consolidated depreciation and amortization	$	45,056		$	46,687		$	90,828		$	93,907

(1)

The Company historically presented consideration paid to customers under certain contractual arrangements for exclusive distribution rights and sponsorship privileges as a marketing expense within SD&A expenses. The Company has now determined such amounts should be presented as a reduction to net sales and has revised the presentation of previously issued financial statements to correct for this error. Net sales and SD&A expenses were revised by $7.3 million in the second quarter of 2018 and $14.6 million in the first half of 2018. See Note 3 to the condensed consolidated financial statements for additional information.

(2)	The entire net sales elimination for each period presented represents net sales from All Other to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction.

Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

Computation of Basic Net Loss Per Share and Diluted Net Loss Per Share

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

	Second Quarter					First Half
(in thousands, except per share data)	2019		2018			2019		2018
Numerator for basic and diluted net income (loss) per Common Stock and Class B Common Stock share:
Net income (loss) attributable to Coca-Cola Consolidated, Inc.	$	15,370	$	(3,933	)	$	8,539	$	(18,118	)
Less dividends:
Common Stock		1,785		1,785			3,570		3,570
Class B Common Stock		558		553			1,112		1,101
Total undistributed earnings (losses)	$	13,027	$	(6,271	)	$	3,857	$	(22,789	)

	Second Quarter					First Half
(in thousands, except per share data)	2019		2018			2019		2018
Common Stock undistributed earnings (losses) – basic	$	9,925	$	(4,787	)	$	2,941	$	(17,411	)
Class B Common Stock undistributed earnings (losses) – basic		3,102		(1,484	)		916		(5,378	)
Total undistributed earnings (losses) – basic	$	13,027	$	(6,271	)	$	3,857	$	(22,789	)

Common Stock undistributed earnings (losses) – diluted	$	9,874	$	(4,787	)	$	2,925	$	(17,411	)
Class B Common Stock undistributed earnings (losses) – diluted		3,153		(1,484	)		932		(5,378	)
Total undistributed earnings (losses) – diluted	$	13,027	$	(6,271	)	$	3,857	$	(22,789	)

Numerator for basic net income (loss) per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785		$	3,570	$	3,570
Common Stock undistributed earnings (losses) – basic		9,925		(4,787	)		2,941		(17,411	)
Numerator for basic net income (loss) per Common Stock share	$	11,710	$	(3,002	)	$	6,511	$	(13,841	)

Numerator for basic net income (loss) per Class B Common Stock share:
Dividends on Class B Common Stock	$	558	$	553		$	1,112	$	1,101
Class B Common Stock undistributed earnings (losses) – basic		3,102		(1,484	)		916		(5,378	)
Numerator for basic net income (loss) per Class B Common Stock share	$	3,660	$	(931	)	$	2,028	$	(4,277	)

Numerator for diluted net income (loss) per Common Stock share:
Dividends on Common Stock	$	1,785	$	1,785		$	3,570	$	3,570
Dividends on Class B Common Stock assumed converted to Common Stock		558		553			1,112		1,101
Common Stock undistributed earnings (losses) – diluted		13,027		(6,271	)		3,857		(22,789	)
Numerator for diluted net income (loss) per Common Stock share	$	15,370	$	(3,933	)	$	8,539	$	(18,118	)

Numerator for diluted net income (loss) per Class B Common Stock share:
Dividends on Class B Common Stock	$	558	$	553		$	1,112	$	1,101
Class B Common Stock undistributed earnings (losses) – diluted		3,153		(1,484	)		932		(5,378	)
Numerator for diluted net income (loss) per Class B Common Stock share	$	3,711	$	(931	)	$	2,044	$	(4,277	)

Denominator for basic net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding – basic		7,141		7,141			7,141		7,141
Class B Common Stock weighted average shares outstanding – basic		2,232		2,213			2,225		2,206

Denominator for diluted net income (loss) 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)		9,421		9,354			9,415		9,347
Class B Common Stock weighted average shares outstanding – diluted		2,280		2,213			2,274		2,206

Basic net income (loss) per share:
Common Stock	$	1.64	$	(0.42	)	$	0.91	$	(1.94	)
Class B Common Stock	$	1.64	$	(0.42	)	$	0.91	$	(1.94	)

Diluted net income (loss) per share:
Common Stock	$	1.64	$	(0.42	)	$	0.91	$	(1.94	)
Class B Common Stock	$	1.63	$	(0.42	)	$	0.90	$	(1.94	)

NOTES TO TABLE

⁽¹⁾	For purposes of the diluted net income (loss) per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted; therefore, 100% of undistributed losses is allocated to Common Stock.

⁽²⁾	For purposes of the diluted net income (loss) 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⁾

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

Inventories (Tables)

6 Months Ended

Jun. 30, 2019

Inventory Disclosure [Abstract]

Summary of Inventories

Inventories consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Finished products	$	154,669	$	135,561
Manufacturing materials		38,033		39,840
Plastic shells, plastic pallets and other inventories		38,196		34,632
Total inventories	$	230,898	$	210,033

Prepaid Expenses and Other Current Assets (Tables)

6 Months Ended

Jun. 30, 2019

Prepaid Expense And Other Assets [Abstract]

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Repair parts	$	27,821	$	26,846
Prepaid marketing		7,755		6,097
Prepaid software		6,858		6,553
Current portion of income taxes		6,517		6,637
Prepayments for sponsorship contracts		5,516		7,557
Other prepaid expenses and other current assets		17,860		16,990
Total prepaid expenses and other current assets	$	72,327	$	70,680

Property, Plant and Equipment, Net (Tables)

6 Months Ended

Jun. 30, 2019

Property Plant And Equipment [Abstract]

Principal Categories and Estimated Useful Lives of Property, Plant and Equipment, Net

The principal categories and estimated useful lives of property, plant and equipment, net were as follows:

(in thousands)	June 30, 2019		December 30, 2018		Estimated Useful Lives
Land	$	77,949	$	78,242
Buildings		220,608		218,846	8-50 years
Machinery and equipment		333,795		328,034	5-20 years
Transportation equipment		384,642		372,895	4-20 years
Furniture and fixtures		90,812		89,439	3-10 years
Cold drink dispensing equipment		495,458		491,161	5-17 years
Leasehold and land improvements		134,435		132,837	5-20 years
Software for internal use		122,882		122,604	3-10 years
Construction in progress		17,929		15,142
Total property, plant and equipment, at cost		1,878,510		1,849,200
Less: Accumulated depreciation and amortization		916,108		858,668
Property, plant and equipment, net	$	962,402	$	990,532

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Population of Leases

Following is a summary of the weighted average remaining lease term and weighted average discount rate for the Company’s population of leases as of June 30, 2019:

	Operating Leases			Financing Leases
Weighted average remaining lease term	8.8 years			5.0 years
Weighted average discount rate		4.0	%		5.8	%

Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Operations

Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statement of operations for the second quarter and first half of 2019:

(in thousands)	Second Quarter 2019		First Half 2019
Cost of sales impact:
Operating leases costs	$	1,342	$	2,683
Short-term and variable leases		2,317		4,579
Depreciation expense from financing leases⁽¹⁾		354		707
Total cost of sales impact	$	4,013	$	7,969

Selling, delivery and administrative expenses impact:
Operating leases costs	$	3,026	$	5,922
Short-term and variable leases		779		1,838
Depreciation expense from financing leases⁽¹⁾		1,137		2,276
Total selling, delivery and administrative expenses impact	$	4,942	$	10,036

Interest expense, net impact:
Interest payments on financing lease obligations⁽²⁾	$	715	$	1,417
Total interest expense, net impact	$	715	$	1,417

Total lease cost	$	9,670	$	19,422

(1)

(2)	The Company had interest payments on capital lease obligations of $0.9 million during the second quarter of 2018 and $1.8 million during the first half of 2018.

Summary of Future Minimum Lease Payments For Noncancelable Operating And Financing Leases

Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of June 30, 2019:

(in thousands)	Operating Leases		Financing Leases		Total
Remainder of 2019	$	8,751	$	5,222	$	13,973
2020		18,652		10,611		29,263
2021		16,658		6,215		22,873
2022		13,551		2,694		16,245
2023		11,698		2,750		14,448
Thereafter		54,384		8,214		62,598
Total minimum lease payments including interest	$	123,694	$	35,706	$	159,400
Less: Amounts representing interest		21,119		4,505		25,624
Present value of minimum lease principal payments		102,575		31,201		133,776
Less: Current portion of lease liabilities - operating and financing leases		14,771		9,019		23,790
Noncurrent portion of lease liabilities - operating and financing leases	$	87,804	$	22,182	$	109,986

Summary of Future Minimum Lease Payments For Noncancelable Operating And Capital Leases

Following is a summary of future minimum lease payments for all noncancelable operating leases and capital leases as of December 30, 2018:

(in thousands)	Operating Leases		Capital Leases		Total
2019	$	14,146	$	10,434	$	24,580
2020		13,526		10,613		24,139
2021		12,568		6,218		18,786
2022		11,161		2,697		13,858
2023		10,055		2,753		12,808
Thereafter		33,805		8,106		41,911
Total minimum lease payments including interest	$	95,261	$	40,821	$	136,082
Less: Amounts representing interest				5,573
Present value of minimum lease principal payments				35,248
Less: Current portion of lease liabilities - capital leases				8,617
Noncurrent portion of lease liabilities - capital leases			$	26,631

Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Cash Flow

Following is a summary of balances related to the Company’s lease portfolio within the Company’s condensed consolidated statements of cash flows for the first half of 2019:

(in thousands)	First Half 2019
Cash flows from operating activities impact:
Operating leases	$	8,515
Interest payments on financing lease obligations⁽¹⁾		1,417
Total cash flows from operating activities impact	$	9,932

Cash flows from financing activities:
Principal payments on financing lease obligations⁽¹⁾	$	4,261
Total cash flows from financing activities impact	$	4,261

(1)	During the first half of 2018, the Company had principal payments on capital lease obligations of $4.0 million and interest payments on capital lease obligations of $1.8 million.

Goodwill (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Reconciliation of Activity for Goodwill

A reconciliation of the activity for goodwill for the first half of 2019 and the first half of 2018 is as follows:

	First Half
(in thousands)	2019		2018
Beginning balance - goodwill	$	165,903	$	169,316
Measurement period adjustments⁽¹⁾		-		1,583
Ending balance - goodwill	$	165,903	$	170,899

⁽¹⁾

Distribution Agreements, Net (Tables) - Distribution Agreements [Member]

6 Months Ended

Jun. 30, 2019

Reconciliation of Activity for Other Identifiable Intangible Assets Net

Distribution agreements, net, which are amortized on a straight-line basis and have an estimated useful life of 10 to 40 years, consisted of the following:

(in thousands)	June 30, 2019			December 30, 2018
Distribution agreements at cost	$	950,549		$	950,559
Less: Accumulated amortization		(62,311	)		(50,176	)
Distribution agreements, net	$	888,238		$	900,383

A reconciliation of the activity for distribution agreements, net for the first half of 2019 and the first half of 2018 is as follows:

	First Half
(in thousands)	2019			2018
Beginning balance - distribution agreements, net	$	900,383		$	913,352
Other distribution agreements		(10	)		-
Measurement period adjustment⁽¹⁾		-			5,100
Additional accumulated amortization		(12,135	)		(11,856	)
Ending balance - distribution agreements, net	$	888,238		$	906,596

⁽¹⁾

Customer Lists and Other Identifiable Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2019

Customer Lists and Other Identifiable Intangible Assets [Member]

Summary of Other Accrued Liabilities

Customer lists and other identifiable intangible assets, net, which are amortized on a straight-line basis and have an estimated useful life of 5 to 12 years, consisted of the following:

(in thousands)	June 30, 2019			December 30, 2018
Customer lists and other identifiable intangible assets at cost	$	25,288		$	25,288
Less: Accumulated amortization		(9,726	)		(8,806	)
Customer lists and other identifiable intangible assets, net	$	15,562		$	16,482

Other Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Payables And Accruals [Abstract]

Other accrued liabilities consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Accrued insurance costs	$	42,806	$	37,916
Current portion of acquisition related contingent consideration		32,131		32,993
Employee and retiree benefit plan accruals		29,821		29,300
Accrued marketing costs		26,712		31,475
Checks and transfers yet to be presented for payment from zero balance cash accounts		13,356		72,701
Accrued taxes (other than income taxes)		9,457		4,577
Commodity hedges at fair market value		7,522		10,305
Current deferred proceeds from Territory Conversion Fee		2,286		2,286
All other accrued expenses		33,010		28,693
Total other accrued liabilities	$	197,101	$	250,246

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Pre-Tax Changes in Fair Value

		Second Quarter					First Half
(in thousands)	Classification of Gain (Loss)	2019			2018		2019			2018
Commodity hedges	Cost of sales	$	(4,874	)	$	249	$	(969	)	$	(2,516	)
Commodity hedges	Selling, delivery and administrative expenses		(66	)		48		2,649			(154	)
Total gain (loss)		$	(4,940	)	$	297	$	1,680		$	(2,670	)

Summary of Fair Values and Classification in Condensed Consolidated Balance Sheets of Derivative Instruments

The following table summarizes the fair values and classification in the condensed consolidated balance sheets of derivative instruments held by the Company:

(in thousands)	Balance Sheet Classification	June 30, 2019		December 30, 2018
Liabilities:
Commodity hedges at fair market value	Other accrued liabilities	$	7,522	$	10,305
Commodity hedges at fair market value	Other liabilities		1,103		-
Total liabilities		$	8,625	$	10,305

Summary of Gross Derivative Assets and Gross Derivative Liabilities in Condensed Consolidated Balance Sheets

The following table summarizes the Company’s gross derivative assets and gross derivative liabilities in the condensed consolidated balance sheets

(in thousands)	June 30, 2019		December 30, 2018
Gross derivative assets	$	17,328	$	28,305
Gross derivative liabilities		25,953		38,610

Summary of Outstanding Commodity Derivative Agreements

The following table summarizes the Company’s outstanding commodity derivative agreements:

(in thousands)	June 30, 2019		December 30, 2018
Notional amount of outstanding commodity derivative agreements	$	167,630	$	168,388
Latest maturity date of outstanding commodity derivative agreements	December 2020		December 2019

Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration

	June 30, 2019
	Carrying		Total		Fair Value		Fair Value		Fair Value
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Assets:
Deferred compensation plan assets	$	39,012	$	39,012	$	39,012	$	-	$	-
Liabilities:
Deferred compensation plan liabilities		39,012		39,012		39,012		-		-
Commodity hedging agreements		8,625		8,625		-		8,625		-
Nonpublic variable rate debt		369,662		370,000		-		370,000		-
Nonpublic fixed rate debt		374,696		380,900		-		380,900		-
Public debt securities		347,794		363,800		-		363,800		-
Acquisition related contingent consideration		412,450		412,450		-		-		412,450

	December 30, 2018
	Carrying		Total		Fair Value		Fair Value		Fair Value
(in thousands)	Amount		Fair Value		Level 1		Level 2		Level 3
Assets:
Deferred compensation plan assets	$	33,160	$	33,160	$	33,160	$	-	$	-
Liabilities:
Deferred compensation plan liabilities		33,160		33,160		33,160		-		-
Commodity hedging agreements		10,305		10,305		-		10,305		-
Nonpublic variable rate debt		372,074		372,500		-		372,500		-
Nonpublic fixed rate debt		274,717		261,200		-		261,200		-
Public debt securities		457,612		455,400		-		455,400		-
Acquisition related contingent consideration		382,898		382,898		-		-		382,898

Summary of Reconciliation of Acquisition Related Contingent Consideration

The acquisition related contingent consideration is the Company’s only Level 3 asset or liability. A reconciliation of the Level 3 activity is as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Beginning balance - Level 3 liability	$	393,007		$	368,804		$	382,898		$	381,291
Measurement period adjustments⁽¹⁾		-			3,151			-			2,092
Payments of acquisition related contingent consideration		(6,599	)		(5,381	)		(12,836	)		(11,263	)
Reclassification to current payables		(3,180	)		(1,180	)		(880	)		(1,540	)
Increase in fair value		29,222			9,143			43,268			3,957
Ending balance - Level 3 liability	$	412,450		$	374,537		$	412,450		$	374,537

⁽¹⁾

Pension and Postretirement Benefit Obligations (Tables)

6 Months Ended

Jun. 30, 2019

Compensation And Retirement Disclosure [Abstract]

Components of Net Periodic Pension Cost

The components of net periodic pension cost were as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Service cost	$	1,206		$	1,413		$	2,413		$	2,825
Interest cost		3,062			2,856			6,125			5,712
Expected return on plan assets		(2,574	)		(3,852	)		(5,148	)		(7,704	)
Recognized net actuarial loss		900			933			1,801			1,866
Amortization of prior service cost		7			6			12			12
Net periodic pension cost	$	2,601		$	1,356		$	5,203		$	2,711

Components of Net Periodic Postretirement Benefit Cost

The components of net periodic postretirement benefit cost were as follows:

	Second Quarter						First Half
(in thousands)	2019			2018			2019			2018
Service cost	$	389		$	503		$	778		$	1,005
Interest cost		693			696			1,386			1,392
Recognized net actuarial loss		195			499			391			998
Amortization of prior service cost		(322	)		(462	)		(646	)		(924	)
Net periodic postretirement benefit cost	$	955		$	1,236		$	1,909		$	2,471

Other Liabilities (Tables)

6 Months Ended

Jun. 30, 2019

Other Liabilities Disclosure [Abstract]

Summary of Other Liabilities

Other liabilities consisted of the following:

(in thousands)	June 30, 2019		December 30, 2018
Noncurrent portion of acquisition related contingent consideration	$	380,319	$	349,905
Accruals for executive benefit plans		134,753		126,103
Noncurrent deferred proceeds from Territory Conversion Fee		84,020		85,163
Noncurrent deferred proceeds from Legacy Facilities Credit		29,969		30,369
Other		12,495		17,595
Total other liabilities	$	641,556	$	609,135

Debt (Tables)

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Summary of Debt

Following is a summary of the Company’s debt:

(in thousands)	Maturity Date	Interest Rate	Interest Paid	Public or Nonpublic	June 30, 2019			December 30, 2018
Senior notes⁽¹⁾	4/15/2019	7.00%	Semi-annually	Public	$	-		$	110,000
Term loan facility⁽¹⁾	6/7/2021	Variable	Varies	Nonpublic		270,000			292,500
Senior notes	2/27/2023	3.28%	Semi-annually	Nonpublic		125,000			125,000
Revolving credit facility⁽²⁾	6/8/2023	Variable	Varies	Nonpublic		100,000			80,000
Senior notes	11/25/2025	3.80%	Semi-annually	Public		350,000			350,000
Senior notes	10/10/2026	3.93%	Quarterly	Nonpublic		100,000			-
Senior notes	3/21/2030	3.96%	Quarterly	Nonpublic		150,000			150,000
Unamortized discount on senior notes⁽³⁾	4/15/2019					-			(78	)
Unamortized discount on senior notes⁽³⁾	11/25/2025					(56	)		(61	)
Debt issuance costs						(2,792	)		(2,958	)
Long-term debt					$	1,092,152		$	1,104,403

⁽¹⁾

⁽²⁾

⁽³⁾	^{The senior notes due in 2019 were issued at 98.238% of par and the senior notes due in 2025 were issued at 99.975% of par.}

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
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-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2019

Commitments And Contingencies Disclosure [Abstract]

Summary of Company's Purchases from Manufacturing Cooperatives

The following table summarizes the Company’s purchases from these manufacturing cooperatives:

	Second Quarter				First Half
(in thousands)	2019		2018		2019		2018
Purchases from Southeastern	$	36,614	$	34,797	$	70,940	$	63,966
Purchases from SAC		39,993		41,084		77,439		79,160
Total purchases from manufacturing cooperatives	$	76,607	$	75,881	$	148,379	$	143,126

Capital Transactions (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Awards

A summary of the awards issued in 2019 and 2018 is as follows:

	Fiscal Year
	2019		2018
Date of approval for award	March 5, 2019		March 6, 2018
Fiscal year of service covered by award	2018		2017
Shares settled in cash to satisfy tax withholding obligations		15,476		16,504
Increase in Class B Common Stock shares outstanding		19,224		20,296
Total Class B Common Stock awarded		34,700		36,800

Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2019

Summary of Accumulated Other Comprehensive (Loss)

A summary of AOCI(L) for the second quarter of 2019 and the second quarter of 2018 is as follows:

(in thousands)	March 31, 2019			Pre-tax Activity			Tax Effect			June 30, 2019
Net pension activity:
Actuarial loss	$	(72,011	)	$	900		$	(221	)	$	(71,332	)
Prior service costs		(20	)		7			(2	)		(15	)
Net postretirement benefits activity:
Actuarial loss		(4,754	)		195			(48	)		(4,607	)
Prior service costs		107			(322	)		79			(136	)
Foreign currency translation adjustment		(9	)		7			(2	)		(4	)
Reclassification of stranded tax effects		(19,720	)		-			-			(19,720	)
Total	$	(96,407	)	$	787		$	(194	)	$	(95,814	)

(in thousands)	April 1, 2018			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(77,915	)	$	933		$	(230	)	$	(77,212	)
Prior service costs		(39	)		6			(1	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(16,922	)		499			(124	)		(16,547	)
Prior service costs		1,396			(462	)		114			1,048
Foreign currency translation adjustment		17			(12	)		3			8
Total	$	(93,463	)	$	964		$	(238	)	$	(92,737	)

A summary of AOCI(L) for the first half of 2019 and the first half of 2018 is as follows:

(in thousands)	December 30, 2018			Pre-tax Activity			Tax Effect			June 30, 2019
Net pension activity:
Actuarial loss	$	(72,690	)	$	1,801		$	(443	)	$	(71,332	)
Prior service costs		(24	)		12			(3	)		(15	)
Net postretirement benefits activity:
Actuarial loss		(4,902	)		391			(96	)		(4,607	)
Prior service costs		351			(646	)		159			(136	)
Foreign currency translation adjustment		-			(3	)		(1	)		(4	)
Reclassification of stranded tax effects		-			-			(19,720	)		(19,720	)
Total	$	(77,265	)	$	1,555		$	(20,104	)	$	(95,814	)

(in thousands)	December 31, 2017			Pre-tax Activity			Tax Effect			July 1, 2018
Net pension activity:
Actuarial loss	$	(78,618	)	$	1,866		$	(460	)	$	(77,212	)
Prior service costs		(43	)		12			(3	)		(34	)
Net postretirement benefits activity:
Actuarial loss		(17,299	)		998			(246	)		(16,547	)
Prior service costs		1,744			(924	)		228			1,048
Foreign currency translation adjustment		14			(8	)		2			8
Total	$	(94,202	)	$	1,944		$	(479	)	$	(92,737	)

Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Statement of Operations

A summary of the impact of AOCI(L) on certain statements of operations line items is as follows:

	Second Quarter 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment		Total
Cost of sales	$	266	$	(66	)	$	-	$	200
Selling, delivery and administrative expenses		641		(61	)		7		587
Subtotal pre-tax		907		(127	)		7		787
Income tax expense		223		(31	)		2		194
Total after tax effect	$	684	$	(96	)	$	5	$	593

	Second Quarter 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	215	$	7	$	-		$	222
Selling, delivery and administrative expenses		724		30		(12	)		742
Subtotal pre-tax		939		37		(12	)		964
Income tax expense		231		10		(3	)		238
Total after tax effect	$	708	$	27	$	(9	)	$	726

	First Half 2019
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity			Foreign Currency Translation Adjustment			Total
Cost of sales	$	529	$	(133	)	$	-		$	396
Selling, delivery and administrative expenses		1,284		(122	)		(3	)		1,159
Subtotal pre-tax		1,813		(255	)		(3	)		1,555
Income tax expense		446		(63	)		1			384
Total after tax effect	$	1,367	$	(192	)	$	(4	)	$	1,171

	First Half 2018
(in thousands)	Net Pension Activity		Net Postretirement Benefits Activity		Foreign Currency Translation Adjustment			Total
Cost of sales	$	431	$	13	$	-		$	444
Selling, delivery and administrative expenses		1,447		61		(8	)		1,500
Subtotal pre-tax		1,878		74		(8	)		1,944
Income tax expense		463		18		(2	)		479
Total after tax effect	$	1,415	$	56	$	(6	)	$	1,465

Supplemental Disclosures of Cash Flow Information (Tables)

6 Months Ended

Jun. 30, 2019

Supplemental Cash Flow Elements [Abstract]

Summary of Changes in Current Assets and Current Liabilities Affecting Cash Flows

Changes in current assets and current liabilities affecting cash flows were as follows:

	First Half
(in thousands)	2019			2018
Accounts receivable, trade, net	$	(20,374	)	$	(60,592	)
Accounts receivable from The Coca-Cola Company		(23,273	)		(7,586	)
Accounts receivable, other		(8,199	)		9,923
Inventories		(20,865	)		(38,455	)
Prepaid expenses and other current assets		(2,408	)		11,565
Accounts payable, trade		32,761			12,767
Accounts payable to The Coca-Cola Company		28,237			60,857
Other accrued liabilities		(52,688	)		13,609
Accrued compensation		(10,256	)		(18,160	)
Accrued interest payable		(1,777	)		(55	)
Change in current assets less current liabilities (exclusive of acquisitions)	$	(78,842	)	$	(16,127	)

Significant Accounting Policies and New Accounting Pronouncements - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2019 USD ($)
Accounting Policies [Abstract]
Cumulative effect adjustment increase in retained earnings	$ 19.7

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Dec. 31, 2017	Dec. 30, 2018
Related Party Transaction [Line Items]
Payment of acquisition related contingent consideration	$ 12,836	$ 11,263
Accounts receivable from The Coca-Cola Company	68,188			$ 44,915
Principal balance outstanding under lease	$ 31,201
Legacy Facilities Credit [Member]
Related Party Transaction [Line Items]
Amortization period as reduction to cost of sales			40 years
The Coca-Cola Company [Member]
Related Party Transaction [Line Items]
Percentage of interest held in outstanding common stock by The Coca-Cola Company	27.00%
Voting power of stock held by related party	5.00%
Harrison Family [Member]
Related Party Transaction [Line Items]
Voting power of stock held by related party	86.00%
CCR [Member]
Related Party Transaction [Line Items]
Amortization period as reduction to cost of sales			40 years
CCR [Member] \| Comprehensive Beverage Agreement [Member]
Related Party Transaction [Line Items]
Payment of acquisition related contingent consideration	$ 12,800	11,300
Southeastern [Member] \| Other Assets [Member]
Related Party Transaction [Line Items]
Equity investments	23,500			23,600
SAC [Member]
Related Party Transaction [Line Items]
Proceeds from management fees received from SAC	4,500	4,600
SAC [Member] \| Other Assets [Member]
Related Party Transaction [Line Items]
Equity investments	8,200			8,200
CCBSS [Member]
Related Party Transaction [Line Items]
Accounts receivable from The Coca-Cola Company	7,300			10,400
Administrative fees due to CCBSS	1,000	1,500
CONA [Member]
Related Party Transaction [Line Items]
Service fees	11,500	$ 10,200
CONA [Member] \| Other Assets [Member]
Related Party Transaction [Line Items]
Equity investments	$ 8,500			8,000
Beacon Investment Corporation [Member]
Related Party Transaction [Line Items]
Lease expiration date	Dec. 31, 2021
Principal balance outstanding under lease	$ 8,400			9,900
HLP, SPC & Adjacent Sales Facility [Member]
Related Party Transaction [Line Items]
Lease expiration date	Dec. 31, 2020
Principal balance outstanding under lease	$ 6,300			$ 8,100

Related Party Transactions - Summary of Significant Transactions between Company and The Coca-Cola Company (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Related Party Transaction [Line Items]
Cold drink equipment				$ 3,789
The Coca-Cola Company [Member]
Related Party Transaction [Line Items]
Concentrate, syrup, sweetener and other purchases	$ 344,841	$ 328,689	$ 611,484	571,157
Customer marketing programs	39,221	41,475	72,513	76,057
Cold drink equipment parts	7,067	8,089	14,049	14,230
Marketing funding support payments	26,311	22,656	49,023	42,693
Fountain delivery and equipment repair fees	9,885	10,353	20,634	19,700
Presence marketing funding support on the Company’s behalf	4,502	4,614	4,937	5,095
Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers	$ 1,351	4,256	$ 2,350	8,124
Cold drink equipment		$ 3,789		$ 3,789

Related Party Transactions - Summary of Liability to Estimated Fair Value of Contingent Consideration (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Related Party Transaction [Line Items]
Current portion of acquisition related contingent consideration	$ 32,131	$ 32,993
Noncurrent portion of acquisition related contingent consideration	380,319	349,905
CCR [Member] \| Comprehensive Beverage Agreement [Member]
Related Party Transaction [Line Items]
Current portion of acquisition related contingent consideration	32,131	32,993
Noncurrent portion of acquisition related contingent consideration	380,319	349,905
Total acquisition related contingent consideration	$ 412,450	$ 382,898

Related Party Transactions - Summary of Rental Payments Related to Leases (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Beacon Investment Corporation [Member]
Related Party Transaction [Line Items]
Rental payments related to leases	$ 1,151	$ 1,110	$ 2,261	$ 2,236
HLP, SPC & Adjacent Sales Facility [Member]
Related Party Transaction [Line Items]
Rental payments related to leases	$ 1,081	$ 1,049	$ 2,161	$ 2,098

Revenue Recognition - Additional Information (Detail) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2018 USD ($)	Jun. 30, 2019 USD ($) Category	Jul. 01, 2018 USD ($)	Dec. 30, 2018 USD ($)
Revenue From Contract With Customer [Line Items]
Description of payment from customers		within 30 days from the date of sale
Number of sales \| Category		2
Reserve for customer return		$ 3.6		$ 2.3
Bottle/Can Sales [Member] \| Post-Mix and Other [Member]
Revenue From Contract With Customer [Line Items]
Sales return estimated percentage		1.00%
Distribution Rights and Sponsorship Privileges [Member]
Revenue From Contract With Customer [Line Items]
Impact to net sales and SD&A expenses	$ 7.3		$ 14.6
Point in Time Net Sales [Member]
Revenue From Contract With Customer [Line Items]
Sales percentage		96.00%	97.00%

Revenue Recognition - Disaggregation of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Disaggregation Of Revenue [Line Items]
Net sales	$ 1,273,659	$ 1,220,003	$ 2,376,571	$ 2,284,760
Point in Time Net Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	1,227,977	1,183,083	2,288,248	2,214,891
Point in Time Net Sales [Member] \| Nonalcoholic [Member]
Disaggregation Of Revenue [Line Items]
Net sales	1,227,977	1,183,083	2,288,248	2,214,891
Over Time Net Sales [Member]
Disaggregation Of Revenue [Line Items]
Net sales	45,682	36,920	88,323	69,869
Over Time Net Sales [Member] \| Nonalcoholic [Member]
Disaggregation Of Revenue [Line Items]
Net sales	10,908	9,199	22,864	17,813
Over Time Net Sales [Member] \| Other - Over Time [Member]
Disaggregation Of Revenue [Line Items]
Net sales	$ 34,774	$ 27,721	$ 65,459	$ 52,056

Segments - Additional Information (Detail)	6 Months Ended
Segments - Additional Information (Detail)	Jun. 30, 2019 Segment
Segment Reporting Information [Line Items]
Number of operating segments	4
All Other [Member]
Segment Reporting Information [Line Items]
Number of operating segments	3

Segments - Summary of Financial Information by Segment (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jul. 01, 2018

Jun. 30, 2019

Jul. 01, 2018

Income (loss) from operations

$ 1,273,659

$ 1,220,003

$ 2,376,571

$ 2,284,760

Income (loss) from operations:

67,214

19,679

87,368

682

Depreciation and amortization:

Depreciation and Amortization

45,056

46,687

90,828

93,907

Operating Segments [Member] | Nonalcoholic Beverages [Member]

Income (loss) from operations

^[1]

1,238,885

1,192,282

2,311,112

2,232,704

Income (loss) from operations:

57,724

16,089

72,365

(6,656)

Depreciation and amortization:

Depreciation and Amortization

42,568

44,220

85,919

89,045

Operating Segments [Member] | All Other [Member]

Income (loss) from operations

94,942

93,398

182,857

179,997

Income (loss) from operations:

9,490

3,590

15,003

7,338

Depreciation and amortization:

Depreciation and Amortization

2,488

2,467

4,909

4,862

Eliminations [Member]

^[2]

$ (60,168)

$ (65,677)

$ (117,398)

$ (127,941)

[1]

The Company historically presented consideration paid to customers under certain contractual arrangements for exclusive distribution rights and sponsorship privileges as a marketing expense within SD&A expenses. The Company has now determined such amounts should be presented as a reduction to net sales and has revised the presentation of previously issued financial statements to correct for this error. Net sales and SD&A expenses were revised by $7.3 million in the second quarter of 2018 and $14.6 million in the first half of 2018. See Note 3 to the condensed consolidated financial statements for additional information.

[2]

The entire net sales elimination for each period presented represents net sales from All Other to the Nonalcoholic Beverages segment. Sales between these segments are recognized at either fair market value or cost depending on the nature of the transaction

Segments - Summary of Financial Information by Segment (Parenthetical) (Detail) - Distribution Rights and Sponsorship Privileges [Member] - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jul. 01, 2018	Jul. 01, 2018
Revenue From Contract With Customer [Line Items]
Impact to net sales and SD&A expenses	$ 7.3	$ 14.6
Operating Segments [Member] \| Nonalcoholic Beverages [Member]
Revenue From Contract With Customer [Line Items]
Impact to net sales and SD&A expenses	$ 7.3	$ 14.6

Net Income (Loss) Per Share - Computation of Basic Net Loss Per Share and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Numerator for basic and diluted net income (loss) per Common Stock and Class B Common Stock share:
Net income (loss) attributable to Coca-Cola Consolidated, Inc.	$ 15,370	$ (3,933)	$ 8,539	$ (18,118)
Less dividends:
Dividends on Common Stock	1,785	1,785	3,570	3,570
Total undistributed earnings (losses) – basic	13,027	(6,271)	3,857	(22,789)
Total undistributed earnings (losses) – diluted	13,027	(6,271)	3,857	(22,789)
Numerator for basic net income (loss) per Common Stock share:
Numerator for basic net income (loss) per Common Stock share	11,710	(3,002)	6,511	(13,841)
Numerator for diluted net income (loss) per Common Stock share:
Numerator for diluted net income (loss) per Common Stock share	$ 15,370	$ (3,933)	$ 8,539	$ (18,118)
Denominator for basic net income (loss) per Common share:
Weighted average number of Common Stock shares outstanding	7,141	7,141	7,141	7,141
Denominator for diluted net income (loss) per Common share:
Weighted average number of Common Stock shares outstanding – assuming dilution	9,421	9,354	9,415	9,347
Basic net income (loss) per share:
Common Stock	$ 1.64	$ (0.42)	$ 0.91	$ (1.94)
Diluted net income (loss) per share:
Common Stock	$ 1.64	$ (0.42)	$ 0.91	$ (1.94)
Class B Common Stock [Member]
Less dividends:
Dividends on Common Stock	$ 558	$ 553	$ 1,112	$ 1,101
Total undistributed earnings (losses) – basic	3,102	(1,484)	916	(5,378)
Total undistributed earnings (losses) – diluted	3,153	(1,484)	932	(5,378)
Numerator for basic net income (loss) per Common Stock share:
Numerator for basic net income (loss) per Common Stock share	3,660	(931)	2,028	(4,277)
Numerator for diluted net income (loss) per Common Stock share:
Numerator for diluted net income (loss) per Common Stock share	$ 3,711	$ (931)	$ 2,044	$ (4,277)
Denominator for basic net income (loss) per Common share:
Weighted average number of Common Stock shares outstanding	2,232	2,213	2,225	2,206
Denominator for diluted net income (loss) per Common share:
Weighted average number of Common Stock shares outstanding – assuming dilution	2,280	2,213	2,274	2,206
Basic net income (loss) per share:
Common Stock	$ 1.64	$ (0.42)	$ 0.91	$ (1.94)
Diluted net income (loss) per share:
Common Stock	$ 1.63	$ (0.42)	$ 0.90	$ (1.94)
Common Stock [Member]
Less dividends:
Total undistributed earnings (losses) – basic	$ 9,925	$ (4,787)	$ 2,941	$ (17,411)
Total undistributed earnings (losses) – diluted	$ 9,874	$ (4,787)	$ 2,925	$ (17,411)

Net Income (Loss) Per Share - Computation of Basic Net Loss Per Share and Diluted Net Loss Per Share (Parenthetical) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jul. 01, 2018	Jun. 30, 2019	Jul. 01, 2018
Earnings Per Share [Abstract]
Percentage undistributed earnings (losses) allocated to common stock diluted	100.00%	100.00%	100.00%	100.00%
Anti-dilutive shares	0	0	0	0

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Inventory Disclosure [Abstract]
Finished products	$ 154,669	$ 135,561
Manufacturing materials	38,033	39,840
Plastic shells, plastic pallets and other inventories	38,196	34,632
Total inventories	$ 230,898	$ 210,033

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 30, 2018
Prepaid Expense And Other Assets [Abstract]
Repair parts	$ 27,821	$ 26,846
Prepaid marketing	7,755	6,097
Prepaid software	6,858	6,553
Current portion of income taxes	6,517	6,637
Prepayments for sponsorship contracts	5,516	7,557
Other prepaid expenses and other current assets	17,860	16,990
Total prepaid expenses and other current assets	$ 72,327	$ 70,680

Property, Plant and Equipment, Net - Principal Categories and Estimated Useful Lives of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 30, 2018
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 1,878,510	$ 1,849,200
Less: Accumulated depreciation and amortization	916,108	858,668
Property, plant and equipment, net	962,402	990,532
Land [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	77,949	78,242
Buildings [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 220,608	218,846
Buildings [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	8 years
Buildings [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	50 years
Machinery and Equipment [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 333,795	328,034
Machinery and Equipment [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Transportation Equipment [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 384,642	372,895
Transportation Equipment [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	4 years
Transportation Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Furniture and Fixtures [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 90,812	89,439
Furniture and Fixtures [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Cold Drink Dispensing Equipment [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 495,458	491,161
Cold Drink Dispensing Equipment [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Cold Drink Dispensing Equipment [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	17 years
Leasehold and Land Improvements [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 134,435	132,837
Leasehold and Land Improvements [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Leasehold and Land Improvements [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Software for Internal Use [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 122,882	122,604
Software for Internal Use [Member] \| Minimum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Software for Internal Use [Member] \| Maximum [Member]
Property Plant And Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Total property, plant and equipment, at cost	$ 17,929	$ 15,142

Leases - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Lessee Lease Description [Line Items]
Short-term lease description	Allows the Company to not recognize leases with a contractual term of less than 12 months on the balance sheet.
Right of use assets for operating leases	$ 102,151	$ 88,000
Lease liabilities for operating leases	102,575	$ 88,200
Lessee, operating lease committments, not yet commenced, expense	$ 16,000
Minimum [Member]
Lessee Lease Description [Line Items]
Lessee, operating lease commitments, not yet commenced, lease term	5 years
Maximum [Member]
Lessee Lease Description [Line Items]
Lessee, operating lease commitments, not yet commenced, lease term	10 years

Leases - Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Population of Leases (Detail)	Jun. 30, 2019
Leases [Abstract]
Operating leases, weighted average remaining lease term	8 years 9 months 18 days
Operating leases, weighted average discount rate	4.00%
Financing leases, weighted average remaining lease term	5 years
Financing leases, weighted average discount rate	5.80%

Leases - Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Operations (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jul. 01, 2018

Jun. 30, 2019

Jul. 01, 2018

$ 9,670

$ 19,422

Cost of Sales [Member]

Short-term and variable leases

Operating leases costs

1,342

2,683

2,317

4,579

Depreciation expense from financing leases

354

^[1]

$ 300

707

^[1]

$ 700

Selling, Delivery and Administrative Expenses [Member]

4,013

7,969

Short-term and variable leases

Operating leases costs

3,026

5,922

779

1,838

Depreciation expense from financing leases

1,137

^[1]

1,200

2,276

^[1]

2,300

Interest Expense, Net [Member]

4,942

10,036

Interest payments on financing lease obligations

715

^[2]

$ 900

1,417

^[2]

$ 1,800

$ 715

$ 1,417

[1]	During the second quarter of 2018, the Company had depreciation expense from capital leases of $0.3 million and $1.2 million in cost of sales and SD&A expenses, respectively. During the first half of 2018, the Company had depreciation expense from capital leases of $0.7 million and $2.3 million in cost of sales and SD&A expenses, respectively.
[2]	The Company had interest payments on capital lease obligations of $0.9 million during the second quarter of 2018 and $1.8 million during the first half of 2018.

Leases - Summary of Balances Related to Lease Portfolio within Condensed Consolidated Statement of Operations (Parenthetical) (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2019

Jul. 01, 2018

Jun. 30, 2019

Jul. 01, 2018

Cost of Sales [Member]

Depreciation expense from capital leases

$ 354

^[1]

$ 300

$ 707

^[1]

$ 700

Selling, Delivery and Administrative Expenses [Member]

Depreciation expense from capital leases

1,137

^[1]

1,200

2,276

^[1]

2,300

Interest Expense, Net [Member]