Coca-Cola Consolidated (COKE) 10-K 26 Feb 21 2020 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2020	Jan. 29, 2021	Jun. 28, 2020
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-9286
Entity Registrant Name	COCA-COLA CONSOLIDATED, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-0950585
Entity Address, Address Line One	4100 Coca-Cola Plaza
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28211
City Area Code	704
Local Phone Number	557-4400
Title of 12(b) Security	Common Stock, par value $1.00 per share
Trading Symbol	COKE
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 1,031,004,025
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement to be filed with the Securities and Exchange Commission in connection with the registrant’s 2021 Annual Meeting of Stockholders are incorporated by reference in Part III of this report to the extent described herein.
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Central Index Key	0000317540
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		7,141,447
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		2,232,242

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Net sales	$ 5,007,357	$ 4,826,549	$ 4,625,364
Cost of sales	3,238,448	3,156,047	3,069,652
Gross profit	1,768,909	1,670,502	1,555,712
Selling, delivery and administrative expenses	1,455,531	1,489,748	1,497,810
Income from operations	313,378	180,754	57,902
Interest expense, net	36,735	45,990	50,506
Other expense, net	35,603	100,539	30,853
Gain on exchange transactions	0	0	10,170
Income (loss) before taxes	241,040	34,225	(13,287)
Income tax expense	58,943	15,665	1,869
Net income (loss)	182,097	18,560	(15,156)
Less: Net income attributable to noncontrolling interest	9,604	7,185	4,774
Net income (loss) attributable to Coca‑Cola Consolidated, Inc.	$ 172,493	$ 11,375	$ (19,930)
Common Stock
Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 18.40	$ 1.21	$ (2.13)
Weighted average number of Common Stock shares outstanding (in shares)	7,141	7,141	7,141
Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 18.30	$ 1.21	$ (2.13)
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares)	9,427	9,417	9,350
Class B Common Stock
Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 18.40	$ 1.21	$ (2.13)
Weighted average number of Common Stock shares outstanding (in shares)	2,232	2,229	2,209
Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 18.28	$ 1.19	$ (2.13)
Weighted average number of Common Stock shares outstanding – assuming dilution (in shares)	2,286	2,276	2,209

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 182,097	$ 18,560	$ (15,156)
Defined benefit plans reclassification including pension costs:
Actuarial gain (loss)	(673)	(20,484)	5,928
Prior service credits	15	17	19
Postretirement benefits reclassification including benefit costs:
Actuarial gain (loss)	(3,137)	3,711	12,397
Prior service costs	0	(975)	(1,393)
Interest rate swap	(286)	(270)	0
Foreign currency translation adjustment	30	(16)	(14)
Other comprehensive income (loss), net of tax	(4,051)	(18,017)	16,937
Comprehensive income	178,046	543	1,781
Less: Comprehensive income attributable to noncontrolling interest	9,604	7,185	4,774
Comprehensive income (loss) attributable to Coca‑Cola Consolidated, Inc.	$ 168,442	$ (6,642)	$ (2,993)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Current Assets:
Cash and cash equivalents	$ 54,793	$ 9,614
Accounts receivable, trade	425,445	433,552
Allowance for doubtful accounts	(21,620)	(13,782)
Accounts receivable from The Coca-Cola Company	49,203	62,411
Accounts receivable, other	37,084	43,094
Inventories	225,757	225,926
Prepaid expenses and other current assets	74,146	69,461
Assets held for sale	6,429	0
Total current assets	851,237	830,276
Property, plant and equipment, net	1,022,722	997,403
Right-of-use assets - operating leases	134,383	111,376
Leased property under financing leases, net	69,867	17,960
Other assets	111,781	113,269
Goodwill	165,903	165,903
Total assets	3,222,450	3,126,926
Current liabilities:
Current portion of obligations under operating leases	19,766	15,024
Current portion of obligations under financing leases	5,860	9,403
Accounts payable, trade	217,560	187,476
Accounts payable to The Coca-Cola Company	107,181	108,699
Other accrued liabilities	205,141	208,834
Accrued compensation	87,608	87,813
Accrued interest payable	3,944	4,946
Total current liabilities	647,060	622,195
Deferred income taxes	139,423	125,130
Pension and postretirement benefit obligations	113,325	114,831
Other liabilities	679,280	668,566
Noncurrent portion of obligations under operating leases	119,923	97,765
Noncurrent portion of obligations under financing leases	69,984	17,403
Long-term debt	940,465	1,029,920
Total liabilities	2,709,460	2,675,810
Commitments and Contingencies
Equity:
Additional paid in capital	135,953	128,983
Retained earnings	544,280	381,161
Accumulated other comprehensive loss	(119,053)	(115,002)
Total equity of Coca-Cola Consolidated, Inc.	512,990	346,952
Noncontrolling interest	0	104,164
Total equity	512,990	451,116
Total liabilities and equity	3,222,450	3,126,926
Convertible Preferred Stock
Equity:
Preferred Stock
Nonconvertible Preferred Stock
Equity:
Preferred Stock
Preferred Stock
Equity:
Preferred Stock
Common Stock
Equity:
Common Stock	10,204	10,204
Treasury stock, at cost	(60,845)	(60,845)
Class B Common Stock
Equity:
Common Stock	2,860	2,860
Treasury stock, at cost	(409)	(409)
Class C Common Stock
Equity:
Common Stock
Distribution agreements, net
Current Assets:
Intangible assets, net	853,753	876,096
Customer lists, net
Current Assets:
Intangible assets, net	$ 12,804	$ 14,643

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 29, 2019
Convertible Preferred Stock
Preferred Stock, par value (in dollars per share)	$ 100	$ 100
Preferred Stock, shares authorized (in shares)	50,000	50,000
Preferred Stock, shares issued (in shares)	0	0
Nonconvertible Preferred Stock
Preferred Stock, par value (in dollars per share)	$ 100	$ 100
Preferred Stock, shares authorized (in shares)	50,000	50,000
Preferred Stock, shares issued (in shares)	0	0
Preferred Stock
Preferred Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred Stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred Stock, shares issued (in shares)	0	0
Common Stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	10,203,821	10,203,821
Treasury stock, shares (in shares)	3,062,374	3,062,374
Class B Common Stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	2,860,356	2,860,356
Treasury stock, shares (in shares)	628,114	628,114
Class C Common Stock
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares issued (in shares)	0	0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Cash Flows from Operating Activities:
Net income (loss)	$ 182,097	$ 18,560	$ (15,156)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense from property, plant and equipment and financing or capital leases	155,936	156,886	164,502
Amortization of intangible assets and deferred proceeds, net	23,081	23,030	22,754
Fair value adjustment of acquisition related contingent consideration	31,210	92,788	28,767
Deferred income taxes	8,737	3,987	9,366
Impairment of property, plant and equipment	8,030	8,798	453
Loss on sale of property, plant and equipment	5,187	6,498	7,103
Amortization of debt costs	1,050	1,313	1,477
Stock compensation expense	0	2,045	5,606
Gain on exchange transactions	0	0	(10,170)
Proceeds from Legacy Facilities Credit	0	0	1,320
Change in current assets less current liabilities	55,607	(31,681)	(26,387)
Change in other noncurrent assets	21,820	15,201	4,347
Change in other noncurrent liabilities	641	(7,203)	(25,122)
Other	1,065	148	19
Total adjustments	312,364	271,810	184,035
Net cash provided by operating activities	494,461	290,370	168,879
Cash Flows from Investing Activities:
Additions to property, plant and equipment	(202,034)	(171,374)	(138,235)
Proceeds from the sale of property, plant and equipment	3,385	4,064	5,259
Investment in CONA Services LLC	(1,770)	(1,713)	(2,098)
Other distribution agreements	0	(4,654)	0
Net cash paid for exchange transactions	0	0	(13,116)
Proceeds from cold drink equipment	0	0	3,789
Acquisition of distribution territories and manufacturing plants, net of cash acquired and purchase price settlements	0	0	456
Net cash used in investing activities	(200,419)	(173,677)	(143,945)
Cash Flows from Financing Activities:
Payments on revolving credit facility	(280,000)	(550,339)	(483,000)
Borrowings under revolving credit facility	235,000	515,339	356,000
Payments on term loan facility and senior bonds	(45,000)	(140,000)	(7,500)
Proceeds from issuance of senior notes	0	100,000	150,000
Purchase of noncontrolling interest in Piedmont Coca-Cola Bottling Partnership	(100,000)	0	0
Payments of acquisition related contingent consideration	(43,400)	(27,182)	(24,683)
Cash dividends paid	(9,374)	(9,369)	(9,353)
Payments on financing or capital lease obligations	(5,861)	(8,656)	(8,221)
Debt issuance fees	(228)	(420)	(1,531)
Net cash used in financing activities	(248,863)	(120,627)	(28,288)
Net increase (decrease) in cash	45,179	(3,934)	(3,354)
Cash at beginning of year	9,614	13,548	16,902
Cash at end of year	$ 54,793	$ 9,614	$ 13,548

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Class B Common Stock	Total Equity of Coca-Cola Consolidated, Inc.	Total Equity of Coca-Cola Consolidated, Inc.Common Stock	Total Equity of Coca-Cola Consolidated, Inc.Class B Common Stock	Common StockCommon Stock	Common StockClass B Common Stock	Additional Paid in Capital	Additional Paid in CapitalClass B Common Stock	Retained Earnings	Retained EarningsCommon Stock	Retained EarningsClass B Common Stock	Accumulated Other Comprehensive Loss	Treasury Stock - Common StockCommon Stock	Treasury Stock - Common StockClass B Common Stock	Non- controlling Interest
Beginning Balance at Dec. 31, 2017	$ 458,907			$ 366,702			$ 10,204	$ 2,819	$ 120,417		$ 388,718			$ (94,202)	$ (60,845)	$ (409)	$ 92,205
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(15,156)			(19,930)							(19,930)						4,774
Other comprehensive income (loss), net of tax	16,937			16,937										16,937
Cash dividends paid: Common Stock ($1.00 per share)		$ (7,141)	$ (2,212)		$ (7,141)	$ (2,212)						$ (7,141)	$ (2,212)
Issuance of shares of Class B Common Stock			3,831			3,831		20		$ 3,811
Ending Balance at Dec. 30, 2018	455,166			358,187			10,204	2,839	124,228		359,435			(77,265)	(60,845)	(409)	96,979
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	18,560			11,375							11,375						7,185
Other comprehensive income (loss), net of tax	(18,017)			(18,017)										(18,017)
Cash dividends paid: Common Stock ($1.00 per share)		(7,141)	(2,228)		(7,141)	(2,228)						(7,141)	(2,228)
Issuance of shares of Class B Common Stock			4,776			4,776		21		$ 4,755
Reclassification of stranded tax effects	0			0							19,720			(19,720)
Ending Balance at Dec. 29, 2019	451,116			346,952			10,204	2,860	128,983		381,161			(115,002)	(60,845)	(409)	104,164
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	182,097			172,493							172,493						9,604
Other comprehensive income (loss), net of tax	(4,051)			(4,051)										(4,051)
Cash dividends paid: Common Stock ($1.00 per share)		$ (7,141)	$ (2,233)		$ (7,141)	$ (2,233)						$ (7,141)	$ (2,233)
Purchase of noncontrolling interest in Piedmont Coca-Cola Bottling Partnership	(106,798)			6,970					6,970								(113,768)
Ending Balance at Dec. 31, 2020	$ 512,990			$ 512,990			$ 10,204	$ 2,860	$ 135,953		$ 544,280			$ (119,053)	$ (60,845)	$ (409)	$ 0

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Common Stock
Cash dividend per share (in dollars per share)	$ 1	$ 1	$ 1
Class B Common Stock
Cash dividend per share (in dollars per share)	$ 1	$ 1	$ 1
Class B common stock shares issued (in shares)		19,224	20,296

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business Coca‑Cola Consolidated, Inc. (the “Company”) distributes, markets and manufactures nonalcoholic beverages, primarily products of The Coca‑Cola Company, and is the largest Coca‑Cola bottler in the United States. Approximately 84% of the Company’s total bottle/can sales volume to retail customers consists of products of The Coca‑Cola Company, which include some of the most recognized and popular beverage brands in the world. The Company also distributes products for several other beverage companies, including BA Sports Nutrition, LLC (“BodyArmor”), Keurig Dr Pepper Inc. (“Dr Pepper”) and Monster Energy Company (“Monster Energy”). The Company offers a range of nonalcoholic beverage products and flavors, including both sparkling and still beverages, designed to meet the demands of its consumers. Sparkling beverages are carbonated beverages and the Company’s principal sparkling beverage is Coca‑Cola. Still beverages include energy products and noncarbonated beverages such as bottled water, tea, ready to drink coffee, enhanced water, juices and sports drinks. The Company’s products are sold and distributed in the United States through various channels, which include selling directly to customers, including grocery stores, mass merchandise stores, club stores, convenience stores and drug stores, selling to on-premise locations, where products are typically consumed immediately, such as restaurants, schools, amusement parks and recreational facilities, and selling through other channels such as vending machine outlets. The Company manages its business on the basis of three operating segments. Nonalcoholic Beverages represents the vast majority of the Company’s consolidated revenues and income from operations. The additional two operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate, and therefore have been combined into “All Other.” Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fiscal Year During the fourth quarter of 2020, the Company’s Board of Directors approved a change in the Company’s fiscal year so that each fiscal year will end on December 31 of the applicable calendar year. This change was not considered a change in fiscal year under the rules of the Securities and Exchange Commission as the new fiscal year commenced within seven days of the prior fiscal year-end and the new fiscal year commenced with the end of the prior fiscal year. Previously, the Company’s fiscal year generally ended on the Sunday closest to December 31 of each year. The fiscal years presented are the periods ended December 31, 2020 (“2020”), December 29, 2019 (“2019”) and December 30, 2018 (“2018”). Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in banks and cash equivalents, which are highly liquid debt instruments with maturities of less than 90 days. The Company maintains cash deposits with major banks, which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of the institutions and believes the risk of any loss is minimal. Accounts Receivable, Trade The Company sells its products and extends credit, generally without requiring collateral, based on an ongoing evaluation of the customer’s business prospects and financial condition. The Company evaluates the collectability of its trade accounts receivable based on a number of factors, including the Company’s historic collections pattern and changes to a specific customer’s ability to meet its financial obligations. The Company typically collects payment from customers within 30 days from the date of sale. Allowance for Doubtful Accounts The Company has established an allowance for doubtful accounts to adjust the recorded receivable to the estimated amount the Company believes will ultimately be collected. The Company’s allowance for doubtful accounts in the consolidated balance sheets includes a reserve for customer returns and an allowance for credit losses. The Company experiences customer returns primarily as a result of damaged or out-of-date product. At any given time, the Company estimates less than 1% of bottle/can sales and post-mix sales could be at risk for return by customers. Returned product is recognized as a reduction to net sales. The Company estimates an allowance for credit losses, based on historic days’ sales outstanding trends, aged customer balances, previously written-off balances and expected recoveries up to balances previously written off, in order to present the net amount expected to be collected. Accounts receivable balances are written off when determined uncollectible and are recognized as a reduction to the allowance for credit losses. Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method for finished products and manufacturing materials and on the average cost method for plastic shells, plastic pallets and other inventories. Property, Plant and Equipment Property, plant and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements on operating leases are depreciated over the shorter of the estimated useful lives or the term of the lease, including renewal options the Company determines are reasonably assured. Additions and major replacements or betterments are added to the assets at cost. Maintenance and repair costs and minor replacements are charged to expense when incurred. When assets are replaced or otherwise disposed, the cost and accumulated depreciation are removed from the accounts and the gains or losses, if any, are reflected in the statements of operations. Gains or losses on the disposal of manufacturing equipment and manufacturing plants are included in cost of sales. Gains or losses on the disposal of all other property, plant and equipment are included in selling, delivery and administrative (“SD&A”) expenses. The Company evaluates the recoverability of the carrying amount of its property, plant and equipment when events or circumstances indicate the carrying amount of an asset or asset group may not be recoverable. These evaluations are performed at a level where independent cash flows may be attributed to either an asset or an asset group. If the Company determines the carrying amount of an asset or asset group is not recoverable based upon the expected undiscounted future cash flows of the asset or asset group, an impairment loss is recorded equal to the excess of the carrying amounts over the estimated fair values of the long-lived assets. Leases The Company adopted Accounting Standards Update (“ASU”) 2016-02, “Leases” on December 31, 2018 using the optional transition method. The Company leases office and warehouse space, machinery and other equipment under noncancelable operating lease agreements and also leases certain warehouse space under financing lease agreements. The Company uses the following policies and assumptions to evaluate its leases: • Determining a lease: The Company assesses contracts at inception to determine whether an arrangement is or includes a lease, which conveys the Company’s right to control the use of an identified asset for a period of time in exchange for consideration. Operating lease right-of-use assets and associated liabilities are recognized at the commencement date and initially measured based on the present value of lease payments over the defined lease term. • Allocating lease and non-lease components: The Company has elected the practical expedient to not separate lease and non-lease components for certain classes of underlying assets. The Company has equipment and vehicle lease agreements, which generally have the lease and associated non-lease components accounted for as a single lease component. The Company has real estate lease agreements with lease and non-lease components, which are accounted for separately where applicable. • Calculating the discount rate: The Company calculates the discount rate based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, then the Company calculates an incremental borrowing rate using a portfolio approach. The incremental borrowing rate is calculated using the contractual lease term and the Company’s borrowing rate. • Recognizing leases: The Company does not recognize leases with a contractual term of less than 12 months on its consolidated balance sheets. Lease expense for these short-term leases is expensed on a straight-line basis over the lease term. • Including rent increases or escalation clauses: Certain leases contain scheduled rent increases or escalation clauses, which can be based on the Consumer Price Index or other rates. The Company assesses each contract individually and applies the appropriate variable payments based on the terms of the agreement. • Including renewal options and/or purchase options: Certain leases include renewal options to extend the lease term and/or purchase options to purchase the leased asset. The Company assesses these options using a threshold of reasonably certain, which is a high threshold and, therefore, the majority of the Company’s leases do not include renewal periods or purchase options for the measurement of the right-of-use asset and the associated lease liability. For leases the Company is reasonably certain to renew or purchase, those options are included within the lease term and, therefore, included in the measurement of the right-of-use asset and the associated lease liability. • Including options to terminate: Certain leases include the option to terminate the lease prior to its scheduled expiration. This allows a contractually bound party to terminate its obligation under the lease contract, typically in return for an agreed-upon financial consideration. The terms and conditions of the termination options vary by contract. • Including residual value guarantees, restrictions or covenants: The Company’s lease agreements do not contain residual value guarantees, restrictions or covenants. Internal Use Software The Company capitalizes costs incurred in the development or acquisition of internal use software. The Company expenses costs incurred in the preliminary project planning stage. Costs, such as maintenance and training, are also expensed as incurred. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Amortization expense, which is included in depreciation expense, for internal use software was $6.7 million in 2020, $7.7 million in 2019 and $10.0 million in 2018. Goodwill All business combinations are accounted for using the acquisition method. Goodwill is tested for impairment annually, or more frequently if facts and circumstances indicate such assets may be impaired. The Company performs its annual goodwill impairment test, which includes a qualitative assessment to determine whether it is more likely than not that the fair value of the goodwill is below its carrying value, as of the first day of the fourth quarter each year, and more often if there are significant changes in business conditions that could result in impairment. All of the Company’s goodwill resides within one reporting unit within the Nonalcoholic Beverages reportable segment, and, therefore, the Company has determined it has one reporting unit for the purpose of assessing goodwill for potential impairment. The Company uses its overall market capitalization as part of its estimate of fair value of the reporting unit and in assessing the reasonableness of the Company’s internal estimates of fair value. When a quantitative analysis is considered necessary for the annual impairment analysis of goodwill, the Company develops an estimated fair value for the reporting unit considering three different approaches: • market value, using the Company’s stock price plus outstanding debt; • discounted cash flow analysis; and • multiple of earnings before interest, taxes, depreciation and amortization based upon relevant industry data. The estimated fair value of the reporting unit is then compared to its carrying amount, including goodwill. If the estimated fair value exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount, including goodwill, exceeds its estimated fair value, any excess of the carrying value of goodwill of the reporting unit over its fair value is recorded as an impairment. To the extent the actual and projected cash flows decline in the future or if market conditions or market capitalization significantly deteriorate, the Company may be required to perform an interim impairment analysis that could result in an impairment of goodwill. During 2020, 2019 and 2018, the Company performed its annual impairment test of goodwill and determined there was no impairment of the carrying value of these assets. Distribution Agreements and Customer Lists The Company’s definite-lived intangible assets consist of distribution agreements and customer lists, which have estimated useful lives of 10 to 40 years and five Acquisition Related Contingent Consideration Liability The acquisition related contingent consideration liability consists of the estimated amounts due to The Coca‑Cola Company under the Company’s comprehensive beverage agreements (collectively, the “CBA”) with The Coca‑Cola Company and Coca‑Cola Refreshments USA, Inc. (“CCR”), a wholly owned subsidiary of The Coca‑Cola Company, over the useful life of the related distribution rights. Pursuant to the CBA, the Company is required to make quarterly sub-bottling payments to CCR on a continuing basis in exchange for the grant of exclusive rights to distribute, promote, market and sell the authorized brands of The Coca‑Cola Company and related products in certain distribution territories the Company acquired from CCR. This acquisition related contingent consideration is valued using a probability weighted discounted cash flow model based on internal forecasts and the weighted average cost of capital (“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 subject to sub-bottling fees to fair value by discounting future expected sub-bottling payments required under the CBA using the Company’s estimated WACC. These future expected sub-bottling payments extend through the life of the related distribution assets acquired in each distribution territory, 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 non-cash expense (or income) recorded each reporting period. Pension and Postretirement Benefit Plans There are two Company-sponsored pension plans. The primary Company-sponsored pension plan (the “Primary 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 Company also sponsors a postretirement healthcare plan for employees meeting specified criteria. The expense and liability amounts recorded for the benefit plans reflect estimates related to interest rates, investment returns, employee turnover and age at retirement, mortality rates and healthcare costs. The discount rate assumptions used to determine the pension and postretirement benefit obligations are based on yield rates available on the Aon AA Above Median yield curve as of each plan’s measurement date. The service cost components of the net periodic benefit cost of the plans are charged to current operations, and the non-service cost components of the net periodic benefit cost of the plans are classified as other expense, net. In addition, certain other union employees are covered by plans provided by their respective union organizations and the Company expenses amounts as paid in accordance with union agreements. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating losses and tax credit carryforwards, as well as the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance will be provided against deferred tax assets if the Company determines it is more likely than not such assets will not ultimately be realized. The Company does not recognize a tax benefit unless it concludes that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, the Company recognizes a tax benefit measured at the largest amount of the tax benefit that, in the Company’s judgment, is greater than 50 percent likely to be realized. The Company records interest and penalties related to uncertain tax positions in income tax expense. Revenue Recognition The Company’s sales are divided into two main categories: (i) bottle/can sales and (ii) other sales. Bottle/can sales include products packaged primarily in plastic bottles and aluminum cans. Bottle/can net pricing is based on the invoice price charged to customers reduced by any promotional allowances. Bottle/can net pricing per unit is impacted by the price charged per package, the sales volume generated for each package and the channels in which those packages are sold. Other sales include sales to other Coca‑Cola bottlers, “post-mix” products, transportation revenue and equipment maintenance revenue. Post-mix products are dispensed through equipment that mixes fountain syrups with carbonated or still water, enabling fountain retailers to sell finished products to consumers in cups or glasses. The Company’s contracts are derived from customer orders, including customer sales incentives, generated through an order processing and replenishment model. Generally, the Company’s service contracts and contracts related to the delivery of specifically identifiable products have a single performance obligation. Revenues do not include sales or other taxes collected from customers. The Company has defined its performance obligations for its contracts as either at a point in time or over time. Bottle/can sales, sales to other Coca‑Cola bottlers and post-mix sales are recognized when control transfers to a customer, which is generally upon delivery and is considered a single point in time (“point in time”). Other sales, which include revenue for service fees related to the repair of cold drink equipment and delivery fees for freight hauling and brokerage services, are recognized over time (“over time”). Revenues related to cold drink equipment repair are recognized as the respective services are completed using a cost-to-cost input method. Repair services are generally completed in less than one day but can extend up to one month. Revenues related to freight hauling and brokerage services are recognized as the delivery occurs using a miles driven output method. Generally, delivery occurs and freight charges are recognized in the same day. Over time sales orders open at the end of a financial period are not material to the consolidated financial statements. Marketing Programs and Sales Incentives The Company participates in various sales programs with The Coca‑Cola Company, other beverage companies and customers to increase the sale of its products. Programs negotiated with customers include arrangements under which allowances can be earned for attaining agreed-upon sales levels. The cost of these various sales incentives is not considered a separate performance obligation and is included as a deduction to net sales. Allowance payments made to customers can be conditional on the achievement of volume targets and/or marketing commitments. Payments made in advance are recorded as prepayments and amortized in the consolidated statements of operations over the relevant period for which the customer commitment is made. In the event there is no separate identifiable benefit or the fair value of such benefit cannot be established, the amortization of the prepayment is included as a deduction to net sales. The nature of the Company’s contracts gives rise to several types of variable consideration, including prospective and retrospective rebates. The Company accounts for its prospective and retrospective rebates using the expected value method, which estimates the net price to the customer based on the customer’s expected annual sales volume projections. Marketing Funding Support The Company receives marketing funding support payments in cash from The Coca‑Cola Company and other beverage companies. Payments to the Company for marketing programs to promote bottle/can sales volume and fountain syrup sales volume are recognized as a reduction of cost of sales, primarily on a per unit basis, as the product is sold. Payments for periodic programs are recognized in the period during which they are earned. Cash consideration received by a customer from a vendor is presumed to be a reduction of the price of the vendor’s products or services. As such, the cash received is accounted for as a reduction of cost of sales unless it is a specific reimbursement of costs or payments for services. Payments the Company receives from The Coca‑Cola Company and other beverage companies for marketing funding support are classified as reductions of cost of sales. 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 commodity derivative instruments. The Company does not use commodity derivative instruments for trading or speculative purposes. These commodity derivative instruments are not designated as hedging instruments under GAAP and are used as “economic hedges” to manage certain commodity price risk. 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 counterparties. Commodity derivative instruments held by the Company are marked to market on a monthly basis and recognized in earnings consistent with the expense classification of the underlying hedged item. The Company generally pays a fee for these commodity derivative instruments, which is amortized over the corresponding period of each commodity derivative instrument. Settlements of commodity derivative instruments are included in cash flows from operating activities in the consolidated statements of cash flows. All commodity derivative instruments are recorded at fair value as either assets or liabilities in the consolidated balance sheets. The Company has master agreements with the counterparties to its commodity derivative instruments 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 consolidated balance sheets and the net amounts of derivative liabilities are recognized in either other accrued liabilities or other liabilities in the consolidated balance sheets. Risk Management Programs The Company uses various insurance structures to manage costs related to workers’ compensation, auto liability, medical and other insurable risks. These structures consist of retentions, deductibles, limits and a diverse group of insurers that serve to strategically finance, transfer and mitigate the financial impact of losses to the Company. Losses are accrued using assumptions and procedures followed in the insurance industry, then adjusted for company-specific history and expectations. Cost of Sales Inputs representing a substantial portion of the Company’s cost of sales include: (i) purchases of finished products, (ii) raw material costs, including aluminum cans, plastic bottles and sweetener, (iii) concentrate costs and (iv) manufacturing costs, including labor, overhead and warehouse costs. In addition, cost of sales includes shipping, handling and fuel costs related to the movement of finished products from manufacturing plants to distribution centers, amortization expense of distribution rights, distribution fees of certain products and marketing credits from brand companies. Selling, Delivery and Administrative Expenses SD&A expenses include the following: sales management labor costs, distribution costs resulting from transporting finished products from distribution centers to customer locations, distribution center overhead including depreciation expense, distribution center warehousing costs, delivery vehicles and cold drink equipment, point-of-sale expenses, advertising expenses, cold drink equipment repair costs, amortization of intangible assets and administrative support labor and operating costs. Shipping and Handling Costs Shipping and handling costs related to the movement of finished products from manufacturing plants to distribution centers are included in cost of sales. Shipping and handling costs related to the movement of finished products from distribution centers to customer locations, including distribution center warehousing costs, are included in SD&A expenses and totaled $622.1 million in 2020, $623.4 million in 2019 and $610.7 million in 2018. Stock Compensation In 2008, the stockholders of the Company approved a performance unit award agreement (the “Performance Unit Award Agreement”) for J. Frank Harrison, III, the Chairman of the Board of Directors and Chief Executive Officer of the Company, consisting of 400,000 performance units (“Units”) subject to vesting in annual increments over a 10-year period starting in fiscal year 2009. The Performance Unit Award Agreement expired at the end of 2018, with the final award issued in the first quarter of 2019 in connection with Mr. Harrison’s services during 2018. In 2018, the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) and the Company’s stockholders approved a long-term performance equity plan (the “Long-Term Performance Equity Plan”) to succeed the Performance Unit Award Agreement. Awards granted to Mr. Harrison under the Long-Term Performance Equity Plan are earned based on the Company’s attainment during a performance period of performance measures specified by the Compensation Committee. Mr. Harrison may elect to have awards earned under the Long‑Term Performance Equity Plan settled in cash and/or shares of Class B Common Stock. See Note 3 for additional information on Mr. Harrison’s stock compensation programs. Common Stock and Class B Common Stock The Company has two classes of common stock outstanding, Common Stock and Class B Common Stock. The Common Stock is traded on the NASDAQ Global Select Market under the symbol COKE. There is no established public trading market for the Class B Common Stock. Shares of Class B Common Stock are convertible on a share-for-share basis into shares of Common Stock at any time at the option of the holder. Each share of Common Stock is entitled to one vote per share and each share of Class B Common Stock is entitled to 20 votes per share at all meetings of the Company’s stockholders. Except as otherwise required by law, holders of the Common Stock and Class B Common Stock vote together as a single class on all matters submitted to the Company’s stockholders, including the election of the Board of Directors. As a result, the holders of the Class B Common Stock control approximately 86% of the total voting power of the stockholders of the Company and control the election of the Board of Directors. In the event of liquidation, there is no preference between the two classes of common stock. Dividends No cash dividend or dividend of property or stock other than stock of the Company, as specifically described in the Company’s certificate of incorporation, may be declared and paid on the Class B Common Stock unless an equal or greater dividend is declared and paid on the Common Stock. Under the Company’s certificate of incorporation, the Board of Directors may declare dividends on the Common Stock without declaring equal or any dividends on the Class B Common Stock. Notwithstanding this provision, the Class B Common Stock has voting and conversion rights that allow the Class B Common Stock to participate equally on a per share basis with the Common Stock. The Board of Directors has declared, and the Company has paid, dividends on the Common Stock and Class B Common Stock and each class of common stock has participated equally in all dividends declared by the Board of Directors and paid by the Company since 1994. During 2020, 2019 and 2018, dividends of $1.00 per share were declared and paid on both Common Stock and Class B Common Stock. Total cash dividends paid were $9.4 million per year in 2020, 2019 and 2018. Net Income Per Share The Company applies the two-class method for calculating and presenting net income per share. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared or accumulated and participation rights in undistributed earnings. Under this method: (a) Income from continuing operations (“net income”) is reduced by the amount of dividends declared in the current period for each class of stock and by the contractual amount of dividends that must be paid for the current period. (b) The remaining earnings (“undistributed earnings”) are allocated to Common Stock and Class B Common Stock to the extent each security may share in earnings as if all the earnings for the period had been distributed. The total earnings allocated to each security is determined by adding together the amount allocated for dividends and the amount allocated for a participation feature. (c) The total earnings allocated to each security is then divided by the number of outstanding shares of the security to which the earnings are allocated to determine the earnings per share for the security. (d) Basic and diluted net income per share data are presented for each class of common stock. In applying the two-class method, the Company determined undistributed earnings should be allocated equally on a per share basis between the Common Stock and Class B Common Stock due to the aggregate participation rights of the Class B Common Stock (i.e., the voting and conversion rights) and the Company’s history of paying dividends equally on a per share

Piedmont Coca-Cola Bottling Par

Piedmont Coca-Cola Bottling Partnership	12 Months Ended
	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Piedmont Coca-Cola Bottling Partnership	Piedmont Coca-Cola Bottling Partnership The Company and The Coca‑Cola Company formed Piedmont Coca-Cola Bottling Partnership (“Piedmont”) in 1993 to distribute and market nonalcoholic beverages primarily in portions of North Carolina and South Carolina. On December 9, 2020, an indirect wholly owned subsidiary of the Company purchased the remaining 22.7% general partnership interest in Piedmont from an indirect wholly owned subsidiary of The Coca‑Cola Company for $100 million, and Piedmont became an indirect wholly owned subsidiary of the Company. Piedmont was subsequently merged with and into CCBCC Operations, LLC, a wholly owned subsidiary of the Company, effective December 28, 2020. Noncontrolling interest income, which was included in net income on the Company’s consolidated statements of operations, represented the portion of Piedmont owned by The Coca‑Cola Company and was $9.6 million in 2020, $7.2 million in 2019 and $4.8 million in 2018. In addition, the amount of consolidated net income attributable to both the Company and noncontrolling interest are shown on the Company’s consolidated statements of operations. Noncontrolling interest is included in the equity section of the Company’s consolidated balance sheets and totaled $104.2 million on December 29, 2019.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Coca‑Cola Company The Company’s business consists primarily of the distribution, marketing and manufacture of nonalcoholic beverages of The Coca‑Cola Company, which is the sole owner of the formulas under which the primary components of its soft drink products, either concentrate or syrup, are manufactured. J. Frank Harrison, III, together with the trustees of certain trusts established for the benefit of certain relatives of the late J. Frank Harrison, Jr., control shares representing approximately 86% of the total voting power of the Company’s total outstanding Common Stock and Class B Common Stock on a consolidated basis. As of December 31, 2020, The Coca‑Cola Company owned approximately 27% of the Company’s total outstanding Common Stock and Class B Common Stock on a consolidated basis, representing approximately 5% of the total voting power of the Company’s Common Stock and Class B Common Stock voting together. The number of shares of the Company’s Common Stock currently held by The Coca‑Cola Company gives it the right to have a designee proposed by the Company for nomination to the Company’s Board of Directors in the Company’s annual proxy statement. J. Frank Harrison, III and the trustees of the J. Frank Harrison, Jr. family trusts described above, have agreed to vote the shares of the Company’s Class B Common Stock that they control in favor of such designee. The Coca‑Cola Company does not own any shares of the Company’s Class B Common Stock. The following table summarizes the significant transactions between the Company and The Coca‑Cola Company: Fiscal Year (in thousands) 2020 2019 2018 Payments made by the Company to The Coca-Cola Company for: Concentrate, syrup, sweetener and other purchases $ 1,174,616 $ 1,187,889 $ 1,188,818 Customer marketing programs 132,874 144,949 145,019 Purchase of noncontrolling interest in Piedmont 100,000 — — Cold drink equipment parts 21,523 28,209 30,065 Brand investment programs 15,479 13,266 9,063 Payments made by The Coca-Cola Company to the Company for: Marketing funding support payments $ 82,967 $ 98,013 $ 86,483 Fountain delivery and equipment repair fees 32,810 41,714 40,023 Presence marketing funding support on the Company’s behalf 8,434 8,002 8,311 Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers 4,538 5,069 9,683 Cold drink equipment — — 3,789 Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility) — — 1,320 In fiscal 2017 (“2017”), The Coca‑Cola Company agreed to provide the Company a fee to compensate the Company for the net economic impact of changes made by The Coca‑Cola Company to the authorized pricing on sales of covered beverages produced at certain manufacturing plants owned by the Company (the “Legacy Facilities Credit”). The Company immediately recognized the portion of the Legacy Facilities Credit applicable to a regional manufacturing plant in Mobile, Alabama, which the Company divested in 2017, and the remaining balance of the Legacy Facilities Credit will be amortized as a reduction to cost of sales over a period of 40 years. The portion of the deferred liability that is expected to be amortized in the next 12 months is classified as current. Coca‑Cola Refreshments USA, Inc. The CBA requires the Company to make quarterly sub-bottling payments to CCR on a continuing basis in exchange for the grant of exclusive rights to distribute, promote, market and sell the authorized brands of The Coca‑Cola Company and related products in certain distribution territories the Company acquired from CCR. These sub-bottling payments are based on gross profit derived from the Company’s sales of certain beverages and beverage products that are sold under the same trademarks that identify a covered beverage, a beverage product or certain cross-licensed brands. Sub-bottling payments to CCR were $43.4 million in 2020, $27.2 million in 2019 and $24.7 million in 2018. 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) December 31, 2020 December 29, 2019 Current portion of acquisition related contingent consideration $ 36,020 $ 41,087 Noncurrent portion of acquisition related contingent consideration 398,674 405,597 Total acquisition related contingent consideration $ 434,694 $ 446,684 Upon the conversion of the Company’s then-existing bottling agreements in 2017 pursuant to the CBA, the Company received a fee from CCR (the “Territory Conversion Fee”). The Territory Conversion Fee was recorded as a deferred liability and will be amortized as a reduction to cost of sales over a period of 40 years. The portion of the deferred liability that is expected to be amortized in the next 12 months is classified as current. Southeastern Container (“Southeastern”) The Company is a shareholder of Southeastern, a plastic bottle manufacturing cooperative. The Company accounts for Southeastern as an equity method investment. The Company’s investment in Southeastern, which was classified as other assets in the consolidated balance sheets, was $21.9 million as of December 31, 2020 and $23.2 million as of December 29, 2019. South Atlantic Canners, Inc. (“SAC”) The Company is a shareholder of SAC, a manufacturing cooperative located in Bishopville, South Carolina. All of SAC’s shareholders are Coca‑Cola bottlers and each has equal voting rights. The Company accounts for SAC as an equity method investment. The Company’s investment in SAC, which was classified as other assets in the consolidated balance sheets, was $8.0 million as of December 31, 2020 and $8.2 million as of December 29, 2019. The Company also guarantees a portion of SAC’s debt; see Note 21 for additional information. The Company receives a fee for managing the day-to-day operations of SAC pursuant to a management agreement. Proceeds from management fees received from SAC, which were classified as a reduction to cost of sales in the consolidated statements of operations, were $9.0 million in 2020, $9.1 million in 2019 and $9.0 million in 2018. Coca‑Cola Bottlers’ Sales & Services Company, LLC (“CCBSS”) Along with all other Coca‑Cola bottlers in the United States and Canada, the Company is a member of CCBSS, a company formed to provide certain procurement and other services with the intention of enhancing the efficiency and competitiveness of the Coca‑Cola bottling system. The Company accounts for CCBSS as an equity method investment and its investment in CCBSS is not material. CCBSS negotiates the procurement for the majority of the Company’s raw materials, excluding concentrate, and the Company receives a rebate from CCBSS for the purchase of these raw materials. The Company had rebates due from CCBSS of $6.3 million on December 31, 2020 and $10.0 million on December 29, 2019, which were classified as accounts receivable, other in the consolidated balance sheets. In addition, the Company pays an administrative fee to CCBSS for its services. The Company incurred administrative fees to CCBSS of $2.5 million in 2020, $2.3 million in 2019 and $2.8 million in 2018, which were classified as SD&A expenses in the consolidated statements of operations. CONA Services LLC (“CONA”) The Company is a member of CONA, an entity formed with The Coca‑Cola Company and certain other Coca‑Cola bottlers to provide business process and information technology services to its members. The Company accounts for CONA as an equity method investment. The Company’s investment in CONA, which was classified as other assets in the consolidated balance sheets, was $11.5 million as of December 31, 2020 and $10.5 million as of December 29, 2019. Pursuant to an amended and restated master services agreement with CONA, the Company is authorized to use the Coke One North America system (the “CONA System”), a uniform information technology system developed to promote operational efficiency and uniformity among North American Coca‑Cola bottlers. In exchange for the Company’s rights to use the CONA System and receive CONA-related services, it is charged service fees by CONA. The Company incurred CONA service fees of $22.0 million in 2020, $22.2 million in 2019 and $21.5 million in 2018. Related Party Leases The Company leases its headquarters office facility and an adjacent office facility in Charlotte, North Carolina from Beacon Investment Corporation (“Beacon”), of which J. Frank Harrison, III is the majority stockholder and Morgan H. Everett, Vice Chair of the Company’s Board of Directors, is a minority stockholder. During the first quarter of 2020, the Company entered into a new lease agreement, effective January 1, 2020, with Beacon to continue to lease its corporate facilities. The new lease expires on December 31, 2029. The principal balance outstanding under the new operating lease was $30.8 million on December 31, 2020 and the principal balance outstanding under the previous financing lease, which was replaced by the new operating lease, was $6.8 million on December 29, 2019. The annual base rent the Company is obligated to pay under the new operating lease is subject to an adjustment for an inflation factor. The previous financing lease included contingent rental payments that were a result of changes in the Consumer Price Index minimum and were recorded as adjustments to interest expense, net on the Company’s consolidated statements of operations. Rental payments related to this lease were $3.3 million in 2020, $4.5 million in 2019 and $4.4 million in 2018. The Company leases the Snyder Production Center and an adjacent sales facility in Charlotte, North Carolina from Harrison Limited Partnership One (“HLP”), which is directly and indirectly owned by trusts of which J. Frank Harrison, III and Sue Anne H. Wells, a director of the Company, are trustees and beneficiaries and of which Morgan H. Everett is a permissible, discretionary beneficiary. During the third quarter of 2020, the Company entered into an amendment to this lease, effective June 30, 2020, with HLP to extend the term of the lease agreement by 15 years from January 1, 2021 through December 31, 2035. The principal balance outstanding under the amended financing lease was $61.9 million on December 31, 2020 and the principal balance outstanding under the lease, prior to being amended, was $4.3 million on December 29, 2019. The annual base rent the Company is obligated to pay under the amended financing lease is subject to an adjustment for an inflation factor. Rental payments related to this lease were $4.5 million in 2020, $4.4 million in 2019 and $4.2 million in 2018. Long-Term Performance Equity Plan In 2018, the Compensation Committee and the Company’s stockholders approved 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 to Mr. Harrison 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 Compensation 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 20 trading days of the performance period. Compensation expense for the Long-Term Performance Equity Plan, which is included in SD&A expenses on the consolidated statements of operations, was $9.2 million in 2020, $12.9 million in 2019 and $2.0 million in 2018. During 2019 and 2018, 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 the Performance Unit Award Agreement. The Performance Unit Award Agreement expired at the end of 2018, with the final award issued in 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 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 based on the closing share price of Common Stock as of the last trading day prior to the end of each fiscal period, was $2.0 million in 2019 and $5.6 million in 2018.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company’s sales are divided into two main categories: (i) bottle/can sales and (ii) other sales. Bottle/can sales include products packaged primarily in plastic bottles and aluminum cans. Bottle/can net pricing is based on the invoice price charged to customers reduced by any promotional allowances. Bottle/can net pricing per unit is impacted by the price charged per package, the sales volume generated for each package and the channels in which those packages are sold. Other sales include sales to other Coca‑Cola bottlers, “post-mix” products, transportation revenue and equipment maintenance revenue. Post-mix products are dispensed through equipment that mixes fountain syrups with carbonated or still water, enabling fountain retailers to sell finished products to consumers in cups or glasses. The Company’s contracts are derived from customer orders, including customer sales incentives, generated through an order processing and replenishment model. Generally, the Company’s service contracts and contracts related to the delivery of specifically identifiable products have a single performance obligation. Revenues do not include sales or other taxes collected from customers. The Company has defined its performance obligations for its contracts as either at a point in time or over time. Bottle/can sales, sales to other Coca‑Cola bottlers and post-mix sales are recognized when control transfers to a customer, which is generally upon delivery and is considered a single point in time. Point in time sales accounted for approximately 97% of the Company’s net sales in 2020, 96% of the Company’s net sales in 2019 and 97% of the Company’s net sales in 2018. Other sales, which include revenue for service fees related to the repair of cold drink equipment and delivery fees for freight hauling and brokerage services, are recognized over time. Revenues related to cold drink equipment repair are recognized as the respective services are completed using a cost-to-cost input method. Repair services are generally completed in less than one day but can extend up to one month. Revenues related to freight hauling and brokerage services are recognized as the delivery occurs using a miles driven output method. Generally, delivery occurs and freight charges are recognized in the same day. Over time sales orders open at the end of a financial period are not material to the consolidated financial statements. The following table represents a disaggregation of revenue from contracts with customers: Fiscal Year (in thousands) 2020 2019 2018 Point in time net sales: Nonalcoholic Beverages - point in time $ 4,842,934 $ 4,649,037 $ 4,467,945 Total point in time net sales 4,842,934 4,649,037 4,467,945 Over time net sales: Nonalcoholic Beverages - over time 36,236 45,391 44,373 All Other - over time 128,187 132,121 113,046 Total over time net sales 164,423 177,512 157,419 Total net sales $ 5,007,357 $ 4,826,549 $ 4,625,364 The Company’s allowance for doubtful accounts in the consolidated balance sheets includes a reserve for customer returns and an allowance for credit losses. The Company experiences customer returns primarily as a result of damaged or out-of-date product. At any given time, the Company estimates less than 1% of bottle/can sales and post-mix sales could be at risk for return by customers. Returned product is recognized as a reduction to net sales. The Company’s reserve for customer returns was $3.6 million as of both December 31, 2020 and December 29, 2019. The Company estimates an allowance for credit losses, based on historic days’ sales outstanding trends, aged customer balances, previously written-off balances and expected recoveries up to balances previously written off, in order to present the net amount expected to be collected. Accounts receivable balances are written off when determined uncollectible and are recognized as a reduction to the allowance for credit losses. Following is a summary of activity for the allowance for credit losses during 2020: (in thousands) Fiscal Year 2020 Beginning balance - allowance for credit losses $ 10,232 Additions charged to costs and expenses 14,265 Write-offs, net of recoveries (6,427) Ending balance - allowance for credit losses $ 18,070

Segments

Segments	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segments	Segments The Company evaluates segment reporting in accordance with the FASB Accounting Standards Codification Topic 280, Segment Reporting, each reporting period, including evaluating the reporting package reviewed by the Chief Operating Decision Maker (the “CODM”). The Company has concluded the Chief Executive Officer, the Chief Operating Officer and the Chief Financial Officer, as a group, represent the CODM. Asset information is not provided to the CODM. The Company believes three operating segments exist. Nonalcoholic Beverages represents the vast majority of the Company’s consolidated net sales and income from operations. The additional two operating segments do not meet the quantitative thresholds for separate reporting, either individually or in the aggregate, and, therefore, have been combined into “All Other.” The Company’s segment results are as follows: Fiscal Year (in thousands) 2020 2019 2018 Net sales: Nonalcoholic Beverages $ 4,879,170 $ 4,694,428 $ 4,512,318 All Other 332,728 345,005 358,625 Eliminations (1) (204,541) (212,884) (245,579) Consolidated net sales $ 5,007,357 $ 4,826,549 $ 4,625,364 Income from operations: Nonalcoholic Beverages $ 324,716 $ 174,133 $ 45,519 All Other (11,338) 6,621 12,383 Consolidated income from operations $ 313,378 $ 180,754 $ 57,902 Fiscal Year (in thousands) 2020 2019 2018 Depreciation and amortization: Nonalcoholic Beverages $ 167,355 $ 169,879 $ 177,448 All Other 11,662 10,037 9,808 Consolidated depreciation and amortization $ 179,017 $ 179,916 $ 187,256 (1) The entire net sales elimination represents net sales from the All Other segment 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

Net Income (Loss) Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Net Income (Loss) Per Share	Net Income (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. See Note 1 for additional information related to net income (loss) per share. Fiscal Year (in thousands, except per share data) 2020 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. $ 172,493 $ 11,375 $ (19,930) Less dividends: Common Stock 7,141 7,141 7,141 Class B Common Stock 2,233 2,228 2,212 Total undistributed earnings (losses) $ 163,119 $ 2,006 $ (29,283) Common Stock undistributed earnings (losses) – basic $ 124,275 $ 1,529 $ (22,365) Class B Common Stock undistributed earnings (losses) – basic 38,844 477 (6,918) Total undistributed earnings (losses) – basic $ 163,119 $ 2,006 $ (29,283) Common Stock undistributed earnings (losses) – diluted $ 123,563 $ 1,521 $ (22,365) Class B Common Stock undistributed earnings (losses) – diluted 39,556 485 (6,918) Total undistributed earnings (losses) – diluted $ 163,119 $ 2,006 $ (29,283) Numerator for basic net income (loss) per Common Stock share: Dividends on Common Stock $ 7,141 $ 7,141 $ 7,141 Common Stock undistributed earnings (losses) – basic 124,275 1,529 (22,365) Numerator for basic net income (loss) per Common Stock share $ 131,416 $ 8,670 $ (15,224) Numerator for basic net income (loss) per Class B Common Stock share: Dividends on Class B Common Stock $ 2,233 $ 2,228 $ 2,212 Class B Common Stock undistributed earnings (losses) – basic 38,844 477 (6,918) Numerator for basic net income (loss) per Class B Common Stock share $ 41,077 $ 2,705 $ (4,706) Numerator for diluted net income (loss) 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 2,233 2,228 2,212 Common Stock undistributed earnings (losses) – diluted 163,119 2,006 (29,283) Numerator for diluted net income (loss) per Common Stock share $ 172,493 $ 11,375 $ (19,930) Numerator for diluted net income (loss) per Class B Common Stock share: Dividends on Class B Common Stock $ 2,233 $ 2,228 $ 2,212 Class B Common Stock undistributed earnings (losses) – diluted 39,556 485 (6,918) Numerator for diluted net income (loss) per Class B Common Stock share $ 41,789 $ 2,713 $ (4,706) Fiscal Year (in thousands, except per share data) 2020 2019 2018 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 Class B Common Stock weighted average shares outstanding – basic 2,232 2,229 2,209 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) 9,427 9,417 9,350 Class B Common Stock weighted average shares outstanding – diluted 2,286 2,276 2,209 Basic net income (loss) per share: Common Stock $ 18.40 $ 1.21 $ (2.13) Class B Common Stock $ 18.40 $ 1.21 $ (2.13) Diluted net income (loss) per share: Common Stock $ 18.30 $ 1.21 $ (2.13) Class B Common Stock $ 18.28 $ 1.19 $ (2.13) 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 earnings (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) For periods presented during which the Company has net income, the denominator for diluted net income per share for Common Stock and Class B Common Stock included the dilutive effect of shares relative to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement. For periods presented during which the Company has net loss, the unvested performance units granted pursuant to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement are excluded from the calculation of diluted net loss per share, as the effect of these awards would be anti-dilutive. See Note 3 for additional information on the Long-Term Performance Equity Plan and the Performance Unit Award Agreement. (4) The Long-Term Performance Equity Plan awards may be settled in cash and/or shares of the Company’s Class B Common Stock. Once an election has been made to settle an award in cash, the dilutive effect of shares relative to such award is prospectively removed from the denominator for the calculation of diluted net income (loss) per share. (5) The Company did not have anti-dilutive shares for any periods presented.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories Inventories consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Finished products $ 140,080 $ 142,363 Manufacturing materials 47,081 45,267 Plastic shells, plastic pallets and other inventories 38,596 38,296 Total inventories $ 225,757 $ 225,926

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2020
Prepaid Expense and Other Assets [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Repair parts $ 26,811 $ 28,967 Prepaid taxes 8,428 4,359 Prepaid software 6,650 5,850 Prepaid marketing 4,773 5,658 Commodity hedges at fair market value 2,417 1,007 Prepayments for sponsorship contracts 569 8,696 Other prepaid expenses and other current assets 24,498 14,924 Total prepaid expenses and other current assets $ 74,146 $ 69,461

Assets Held for Sale

Assets Held for Sale	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale The Company is in the process of integrating its Memphis, Tennessee manufacturing plant with its West Memphis, Arkansas operations, which is expected to greatly expand its West Memphis production capabilities and to reduce its overall production costs. Additionally, the Company is planning to open a new, automated distribution center in Whitestown, Indiana by the spring of 2021, which will allow the Company to consolidate its Anderson, Bloomington, Lafayette, Shelbyville and Speedway, Indiana warehousing and distribution operations into this one new facility. The increased capacity and automation in Whitestown will allow the Company to optimize its supply chain and to better serve its customers and consumers in Indiana and the surrounding areas. As of December 31, 2020, certain locations of the Company, which are primarily those included in the Company’s supply chain optimization discussed above, met the accounting guidance criteria to be classified as assets held for sale. All locations classified as held for sale are included in the Nonalcoholic Beverages segment. There are not any liabilities held for sale associated with these locations and none meet the accounting guidance criteria to be classified as discontinued operations. Following is a summary of the assets held for sale: (in thousands) December 31, 2020 Land $ 2,559 Buildings and leasehold and land improvements 3,870 Assets held for sale $ 6,429 An impairment of $1.6 million was recorded in 2020 for these locations as a result of the net book value exceeding the agreed upon purchase price of one of the locations. This impairment was recorded within cost of sales on the consolidated statements of operations and within impairment of property, plant and equipment on the consolidated statements of cash flows.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net The principal categories and estimated useful lives of property, plant and equipment, net were as follows: (in thousands) December 31, 2020 December 29, 2019 Estimated Useful Lives Land $ 81,981 $ 76,860 Buildings 240,173 223,500 8-50 years Machinery and equipment 392,998 355,575 5-20 years Transportation equipment 445,218 417,532 4-20 years Furniture and fixtures 96,606 92,059 3-10 years Cold drink dispensing equipment 465,881 489,050 5-17 years Leasehold and land improvements 155,077 145,341 5-20 years Software for internal use 46,569 128,792 3-10 years Construction in progress 54,505 29,369 Total property, plant and equipment, at cost 1,979,008 1,958,078 Less: Accumulated depreciation and amortization 956,286 960,675 Property, plant and equipment, net $ 1,022,722 $ 997,403

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Leases Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases: December 31, 2020 December 29, 2019 Weighted average remaining lease term: Operating leases 9.4 years 10.2 years Financing leases 13.4 years 4.8 years Weighted average discount rate: Operating leases 4.0 % 4.1 % Financing leases 3.2 % 5.7 % Following is a summary of the Company’s leases within the Company’s consolidated statements of operations: Fiscal Year (in thousands) 2020 2019 Operating lease costs $ 24,823 $ 18,820 Short-term and variable leases 15,305 13,605 Depreciation expense from financing leases (1) 4,678 5,967 Interest expense on financing lease obligations (1) 1,728 2,714 Total lease cost $ 46,534 $ 41,106 (1) During 2018, the Company had depreciation expense from capital leases of $5.9 million and interest expense on capital lease obligations of $3.3 million. The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020 : (in thousands) Operating Leases Financing Leases Total 2021 $ 24,056 $ 7,079 $ 31,135 2022 20,970 7,145 28,115 2023 18,125 7,201 25,326 2024 15,330 7,396 22,726 2025 13,747 7,593 21,340 Thereafter 77,353 55,827 133,180 Total minimum lease payments including interest $ 169,581 $ 92,241 $ 261,822 Less: Amounts representing interest 29,892 16,397 46,289 Present value of minimum lease principal payments 139,689 75,844 215,533 Less: Current portion of lease liabilities - operating and financing leases 19,766 5,860 25,626 Noncurrent portion of lease liabilities - operating and financing leases $ 119,923 $ 69,984 $ 189,907 Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 29, 2019: (in thousands) Operating Leases Financing Leases Total 2020 $ 19,236 $ 10,611 $ 29,847 2021 16,815 6,215 23,030 2022 14,016 2,694 16,710 2023 11,704 2,750 14,454 2024 10,989 2,808 13,797 Thereafter 67,556 5,406 72,962 Total minimum lease payments including interest $ 140,316 $ 30,484 $ 170,800 Less: Amounts representing interest 27,527 3,678 31,205 Present value of minimum lease principal payments 112,789 26,806 139,595 Less: Current portion of lease liabilities - operating and financing leases 15,024 9,403 24,427 Noncurrent portion of lease liabilities - operating and financing leases $ 97,765 $ 17,403 $ 115,168 Following is a summary of the Company’s leases within the consolidated statements of cash flows: Fiscal Year (in thousands) 2020 2019 Cash flows from operating activities impact: Operating leases $ 24,718 $ 18,138 Interest payments on financing lease obligations (1) 1,728 2,714 Total cash flows from operating activities impact $ 26,446 $ 20,852 Cash flows from financing activities impact: Principal payments on financing lease obligations (1) $ 5,861 $ 8,656 Total cash flows from financing activities impact $ 5,861 $ 8,656 (1) During 2018, the Company had principal payments on capital lease obligations of $8.1 million and interest payments on capital lease obligations of $3.3 million. As of December 31, 2020, the Company did not have future lease commitments that had not yet commenced.
Leases	Leases Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases: December 31, 2020 December 29, 2019 Weighted average remaining lease term: Operating leases 9.4 years 10.2 years Financing leases 13.4 years 4.8 years Weighted average discount rate: Operating leases 4.0 % 4.1 % Financing leases 3.2 % 5.7 % Following is a summary of the Company’s leases within the Company’s consolidated statements of operations: Fiscal Year (in thousands) 2020 2019 Operating lease costs $ 24,823 $ 18,820 Short-term and variable leases 15,305 13,605 Depreciation expense from financing leases (1) 4,678 5,967 Interest expense on financing lease obligations (1) 1,728 2,714 Total lease cost $ 46,534 $ 41,106 (1) During 2018, the Company had depreciation expense from capital leases of $5.9 million and interest expense on capital lease obligations of $3.3 million. The future minimum lease payments related to the Company’s leases include renewal options the Company has determined to be reasonably certain and exclude payments to landlords for real estate taxes and common area maintenance. Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020 : (in thousands) Operating Leases Financing Leases Total 2021 $ 24,056 $ 7,079 $ 31,135 2022 20,970 7,145 28,115 2023 18,125 7,201 25,326 2024 15,330 7,396 22,726 2025 13,747 7,593 21,340 Thereafter 77,353 55,827 133,180 Total minimum lease payments including interest $ 169,581 $ 92,241 $ 261,822 Less: Amounts representing interest 29,892 16,397 46,289 Present value of minimum lease principal payments 139,689 75,844 215,533 Less: Current portion of lease liabilities - operating and financing leases 19,766 5,860 25,626 Noncurrent portion of lease liabilities - operating and financing leases $ 119,923 $ 69,984 $ 189,907 Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 29, 2019: (in thousands) Operating Leases Financing Leases Total 2020 $ 19,236 $ 10,611 $ 29,847 2021 16,815 6,215 23,030 2022 14,016 2,694 16,710 2023 11,704 2,750 14,454 2024 10,989 2,808 13,797 Thereafter 67,556 5,406 72,962 Total minimum lease payments including interest $ 140,316 $ 30,484 $ 170,800 Less: Amounts representing interest 27,527 3,678 31,205 Present value of minimum lease principal payments 112,789 26,806 139,595 Less: Current portion of lease liabilities - operating and financing leases 15,024 9,403 24,427 Noncurrent portion of lease liabilities - operating and financing leases $ 97,765 $ 17,403 $ 115,168 Following is a summary of the Company’s leases within the consolidated statements of cash flows: Fiscal Year (in thousands) 2020 2019 Cash flows from operating activities impact: Operating leases $ 24,718 $ 18,138 Interest payments on financing lease obligations (1) 1,728 2,714 Total cash flows from operating activities impact $ 26,446 $ 20,852 Cash flows from financing activities impact: Principal payments on financing lease obligations (1) $ 5,861 $ 8,656 Total cash flows from financing activities impact $ 5,861 $ 8,656 (1) During 2018, the Company had principal payments on capital lease obligations of $8.1 million and interest payments on capital lease obligations of $3.3 million. As of December 31, 2020, the Company did not have future lease commitments that had not yet commenced.

Distribution Agreements, Net

Distribution Agreements, Net	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Distribution Agreements, Net	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) December 31, 2020 December 29, 2019 Distribution agreements at cost $ 952,533 $ 950,549 Less: Accumulated amortization 98,780 74,453 Distribution agreements, net $ 853,753 $ 876,096 A reconciliation of the activity for distribution agreements, net in 2020 and 2019 is as follows: Fiscal Year (in thousands) 2020 2019 Beginning balance - distribution agreements, net $ 876,096 $ 900,383 Other distribution agreements 1,984 (10) Additional accumulated amortization (24,327) (24,277) Ending balance - distribution agreements, net $ 853,753 $ 876,096 Assuming no impairment of distribution agreements, net, amortization expense in future years based upon recorded amounts as of December 31, 2020 will be $24.5 million for each fiscal year 2021 through 2025. Customer lists, net, which are amortized on a straight-line basis and have an estimated useful life of five (in thousands) December 31, 2020 December 29, 2019 Customer lists at cost $ 25,288 $ 25,288 Less: Accumulated amortization 12,484 10,645 Customer lists, net $ 12,804 $ 14,643 Assuming no impairment of customer lists, net, amortization expense in future years based upon recorded amounts as of December 31, 2020 will be approximately $1.7 million for each fiscal year 2021 through 2025.

Customer Lists, Net

Customer Lists, Net	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Customer Lists, Net	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) December 31, 2020 December 29, 2019 Distribution agreements at cost $ 952,533 $ 950,549 Less: Accumulated amortization 98,780 74,453 Distribution agreements, net $ 853,753 $ 876,096 A reconciliation of the activity for distribution agreements, net in 2020 and 2019 is as follows: Fiscal Year (in thousands) 2020 2019 Beginning balance - distribution agreements, net $ 876,096 $ 900,383 Other distribution agreements 1,984 (10) Additional accumulated amortization (24,327) (24,277) Ending balance - distribution agreements, net $ 853,753 $ 876,096 Assuming no impairment of distribution agreements, net, amortization expense in future years based upon recorded amounts as of December 31, 2020 will be $24.5 million for each fiscal year 2021 through 2025. Customer lists, net, which are amortized on a straight-line basis and have an estimated useful life of five (in thousands) December 31, 2020 December 29, 2019 Customer lists at cost $ 25,288 $ 25,288 Less: Accumulated amortization 12,484 10,645 Customer lists, net $ 12,804 $ 14,643 Assuming no impairment of customer lists, net, amortization expense in future years based upon recorded amounts as of December 31, 2020 will be approximately $1.7 million for each fiscal year 2021 through 2025.

Other Accrued Liabilities

Other Accrued Liabilities	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Other Accrued Liabilities	Other Accrued Liabilities Other accrued liabilities consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Accrued insurance costs $ 48,318 $ 44,584 Accrued marketing costs 38,539 34,947 Current portion of acquisition related contingent consideration 36,020 41,087 Employee and retiree benefit plan accruals 31,653 33,699 Current portion of deferred payroll taxes under CARES Act 18,706 — Accrued taxes (other than income taxes) 6,178 6,366 Checks and transfers yet to be presented for payment from zero balance cash accounts 2,793 20,199 Federal income taxes — 1,651 Commodity hedges at fair market value — 1,174 All other accrued expenses 22,934 25,127 Total other accrued liabilities $ 205,141 $ 208,834 The Company has taken advantage of certain provisions of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), which allow an employer to defer the deposit and payment of the employer’s portion of social security taxes that would otherwise be due on or after March 27, 2020 and before January 1, 2021. The law permits an employer to deposit half of these deferred payments by December 31, 2021 and the other half by December 31, 2022. The Company intends to repay a portion of the deferred payroll taxes in the next 12 months and has classified this portion as current.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	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 commodity derivative instruments. The Company does not use commodity derivative instruments for trading or speculative purposes. These commodity derivative instruments are not designated as hedging instruments under GAAP and are used as “economic hedges” to manage certain commodity price risk. 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 counterparties. Commodity derivative instruments held by the Company are marked to market on a monthly basis and recognized in earnings consistent with the expense classification of the underlying hedged item. The Company generally pays a fee for these commodity derivative instruments, which is amortized over the corresponding period of each commodity derivative instrument. Settlements of commodity derivative instruments are included in cash flows from operating activities in the consolidated statements of cash flows. The following table summarizes pre-tax changes in the fair values of the Company’s commodity derivative instruments and the classification of such changes in the consolidated statements of operations: Fiscal Year (in thousands) 2020 2019 2018 Cost of sales $ 1,996 $ 6,602 $ (10,376) Selling, delivery and administrative expenses 791 3,536 (4,349) Total gain (loss) $ 2,787 $ 10,138 $ (14,725) All commodity derivative instruments are recorded at fair value as either assets or liabilities in the consolidated balance sheets. The Company has master agreements with the counterparties to its commodity derivative instruments 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 consolidated balance sheets and the net amounts of derivative liabilities are recognized in either other accrued liabilities or other liabilities in the consolidated balance sheets. The following table summarizes the fair values of the Company’s commodity derivative instruments and the classification of such instruments in the consolidated balance sheets: (in thousands) December 31, 2020 December 29, 2019 Assets: Prepaid expenses and other current assets $ 2,417 $ 1,007 Other assets 56 — Total assets $ 2,473 $ 1,007 Liabilities: Other accrued liabilities $ — $ 1,174 Total liabilities $ — $ 1,174 The following table summarizes the Company’s gross commodity derivative instrument assets and gross commodity derivative instrument liabilities in the consolidated balance sheets: (in thousands) December 31, 2020 December 29, 2019 Gross commodity derivative instrument assets $ 2,473 $ 3,298 Gross commodity derivative instrument liabilities — 3,465 The following table summarizes the Company’s outstanding commodity derivative instruments: (in thousands) December 31, 2020 December 29, 2019 Notional amount of outstanding commodity derivative instruments $ 23,030 $ 171,699 Latest maturity date of outstanding commodity derivative instruments December 2021 December 2020

Fair Values of Financial Instru

Fair Values of Financial Instruments	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Values of Financial Instruments	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 Method and Assumptions Deferred compensation plan assets and liabilities Level 1 The fair value of the Company’s nonqualified 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 values of the securities held within the mutual funds. Pension plan assets Level 1 The fair values of the Company’s Level 1 pension plan assets, which are equity securities and fixed income investment vehicles, are valued using the quoted market prices of those securities which are actively traded on national exchanges. Pension plan assets Level 2 The fair values of the Company’s Level 2 pension plan assets, which are investments that are pooled with other investments in a commingled fund, are valued using the net asset value produced by the fund manager. The assets within the commingled funds have a readily determinable fair market value. Commodity derivative instruments Level 2 The fair values of the Company’s commodity derivative instruments are based on current settlement values at each balance sheet date, which represent the estimated amounts the Company would have received or paid upon termination of these instruments. The Company’s credit risk related to the commodity derivative instruments is managed by requiring high standards for its counterparties and periodic settlements. The Company considers nonperformance risk in determining the fair values of commodity derivative instruments. Long-term debt Level 2 The carrying amounts of the Company’s variable rate debt approximate the fair values due to variable interest rates with short reset periods. The fair values of the Company’s fixed rate debt are based on estimated current market prices. Acquisition related contingent consideration Level 3 The fair value of the Company’s acquisition related contingent consideration is based on internal forecasts and the WACC derived from market data. The following tables summarize the carrying amounts and fair values by level of the Company’s deferred compensation plan assets and liabilities, pension plan assets, commodity derivative instruments, long-term debt and acquisition related contingent consideration: December 31, 2020 (in thousands) Carrying Total Fair Value Fair Value Fair Value Assets: Deferred compensation plan assets $ 51,742 $ 51,742 $ 51,742 $ — $ — Pension plan assets 319,699 319,699 308,849 10,850 — Commodity derivative instruments 2,473 2,473 — 2,473 — Liabilities: Deferred compensation plan liabilities 51,742 51,742 51,742 — — Long-term debt 940,465 1,015,700 — 1,015,700 — Acquisition related contingent consideration 434,694 434,694 — — 434,694 December 29, 2019 (in thousands) Carrying Total Fair Value Fair Value Fair Value Assets: Deferred compensation plan assets $ 42,543 $ 42,543 $ 42,543 $ — $ — Pension plan assets 276,085 276,085 276,085 — — Commodity derivative instruments 1,007 1,007 — 1,007 — Liabilities: Deferred compensation plan liabilities 42,543 42,543 42,543 — — Commodity derivative instruments 1,174 1,174 — 1,174 — Long-term debt 1,029,920 1,058,700 — 1,058,700 — Acquisition related contingent consideration 446,684 446,684 — — 446,684 The acquisition related contingent consideration was 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 applicable distribution assets acquired from CCR, 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 liability and could materially impact the amount of non-cash expense (or income) recorded each reporting period. The acquisition related contingent consideration liability is the Company’s only Level 3 asset or liability. A summary of the Level 3 activity is as follows: Fiscal Year (in thousands) 2020 2019 Beginning balance - Level 3 liability $ 446,684 $ 382,898 Payment of acquisition related contingent consideration (43,400) (27,182) Reclassification to current payables 200 (1,820) Increase in fair value 31,210 92,788 Ending balance - Level 3 liability $ 434,694 $ 446,684 As of December 31, 2020 and December 29, 2019, discount rates of 7.5% and 7.1%, respectively, were utilized in the valuation of the Company’s acquisition related contingent consideration liability. The decrease in the fair value of the acquisition related contingent consideration liability in 2020, as compared to 2019, was primarily driven by the increase in the discount rate used to calculate fair value 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 in 2019 was primarily driven by changes in future cash flow projections of the distribution territories subject to sub-bottling fees and a decrease in the discount rate used to calculate fair value. These fair value adjustments were recorded in other expense, net in the consolidated statements of operations. The anticipated amount the Company could pay annually under the acquisition related contingent consideration arrangements for the distribution territories subject to sub-bottling fees is expected to be in the range of $28 million to $52 million.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The current income tax provision represents the estimated amount of income taxes paid or payable for the year, as well as changes in estimates from prior years. The deferred income tax provision represents the change in deferred tax liabilities and assets. The following table presents the significant components of the provision for income taxes: Fiscal Year (in thousands) 2020 2019 2018 Current: Federal $ 38,665 $ 7,505 $ (4,228) State 11,541 4,173 (3,269) Total current provision (benefit) $ 50,206 $ 11,678 $ (7,497) Deferred: Federal $ 8,052 $ 4,514 $ 5,701 State 685 (527) 3,665 Total deferred provision (benefit) $ 8,737 $ 3,987 $ 9,366 Income tax expense $ 58,943 $ 15,665 $ 1,869 The Company’s effective income tax rate, calculated by dividing income tax expense by income (loss) before income taxes, was 24.5% for 2020, 45.8% for 2019 and (14.1)% for 2018. The following table provides a reconciliation of income tax expense at the statutory federal rate to actual income tax expense: Fiscal Year 2020 2019 2018 (in thousands) Income % pre-tax Income % pre-tax Income % pre-tax Statutory (income) / expense $ 50,618 21.0 % $ 7,187 21.0 % $ (2,790) 21.0 % State income taxes, net of federal benefit 9,258 3.8 1,352 4.0 (376) 2.8 Nondeductible compensation 3,007 1.3 4,313 12.6 2,851 (21.5) Noncontrolling interest – Piedmont (2,447) (1.0) (1,826) (5.3) (1,238) 9.3 Valuation allowance change (1,900) (0.8) 1,290 3.8 1,566 (11.8) Meals, entertainment and travel expense 1,476 0.6 2,440 7.1 2,734 (20.6) Nondeductible fees and expenses 311 0.1 887 2.6 568 (4.3) Adjustment for uncertain tax positions 114 — (805) (2.4) 694 (5.2) Adjustment for federal tax legislation — — — — (1,989) 15.0 Other, net (1,494) (0.5) 827 2.4 (151) 1.2 Income tax expense $ 58,943 24.5 % $ 15,665 45.8 % $ 1,869 (14.1) % The Company’s effective income tax rate, calculated by dividing income tax expense by income (loss) before income taxes minus net income attributable to noncontrolling interest, was 25.5% for 2020, 57.9% for 2019 and (10.3)% for 2018. The Company records liabilities for uncertain tax positions related to income tax positions. These liabilities reflect the Company’s best estimate of the ultimate income tax liability based on known facts and information. Material changes in facts or information, as well as the expiration of statutes of limitations and/or settlements with individual tax jurisdictions, may result in material adjustments to these estimates in the future. The Company recognizes potential interest and penalties related to uncertain tax positions in income tax expense. During 2020, 2019 and 2018, the interest and penalties related to uncertain tax positions recognized in income tax expense were not material. In addition, the amount of interest and penalties accrued at December 31, 2020 and December 29, 2019 were not material. The Company had uncertain tax positions, including accrued interest of $2.6 million on December 31, 2020 and $2.5 million on December 29, 2019, all of which would affect the Company’s effective income 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 consolidated financial statements. A reconciliation of uncertain tax positions, excluding accrued interest, is as follows: Fiscal Year (in thousands) 2020 2019 2018 Beginning balance - gross uncertain tax positions $ 2,283 $ 2,857 $ 2,286 Increase as a result of tax positions taken in the current year 61 60 571 Increase as a result of tax positions taken in a prior year 504 — — Reduction as a result of the expiration of the applicable statute of limitations (687) (634) — Ending balance - gross uncertain tax positions $ 2,161 $ 2,283 $ 2,857 Deferred income taxes are recorded based upon temporary differences between the financial statement and tax bases of assets and liabilities and available net operating loss and tax credit carryforwards. Temporary differences and carryforwards that comprised deferred income tax assets and liabilities were as follows: (in thousands) December 31, 2020 December 29, 2019 Acquisition related contingent consideration $ 107,769 $ 110,036 Operating lease liabilities 34,632 27,346 Deferred revenue 27,882 24,936 Deferred compensation 26,269 26,788 Accrued liabilities 22,341 19,266 Postretirement benefits 14,726 13,250 Pension 11,055 14,124 Transactional costs 4,451 4,857 Charitable contribution carryover 3,236 6,622 Net operating loss carryforwards 1,628 2,012 Financing lease agreements 1,618 2,432 Other 10,138 3,022 Deferred income tax assets $ 265,745 $ 254,691 Less: Valuation allowance for deferred tax assets 5,325 7,190 Net deferred income tax asset $ 260,420 $ 247,501 Intangible assets $ (182,585) $ (151,940) Depreciation (159,359) (147,140) Right-of-use assets - operating leases (33,316) (26,997) Inventory (13,709) (12,631) Prepaid expenses (6,319) (7,627) Patronage dividend (4,555) (3,009) Investment in Piedmont — (23,287) Deferred income tax liabilities $ (399,843) $ (372,631) Net deferred income tax liability $ (139,423) $ (125,130) The Company’s deferred income tax assets and liabilities are subject to adjustment in future periods based on the Company’s ongoing evaluations of such deferred assets and liabilities and new information available to the Company. During 2020, an indirect wholly owned subsidiary of the Company purchased the remaining 22.7% general partnership interest in Piedmont from an indirect wholly owned subsidiary of The Coca‑Cola Company, which resulted in the elimination of the Investment in Piedmont deferred tax liability. For income tax purposes, the tax effects of this purchase were recorded through additional paid in capital in the consolidated balance sheet as of December 31, 2020. Valuation allowances are recognized on deferred tax assets if the Company believes it is more likely than not that some or all of the deferred tax assets will not be realized. The Company believes the majority of the deferred tax assets will be realized due to the reversal of certain significant temporary differences and anticipated future taxable income from operations. The valuation allowance of $5.3 million on December 31, 2020 and $7.2 million on December 29, 2019 was established primarily for certain loss carryforwards and deferred compensation. As of December 31, 2020, the Company had no federal net operating losses and $33.8 million of state net operating losses available to reduce future income taxes, which expire in varying amounts through 2038. Prior tax years beginning in year 2007 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 due to loss carryforwards.

Benefit Plans

Benefit Plans	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Benefit Plans	Benefit Plans Executive Benefit Plans In addition to the Company’s Director Deferral Plan, the Company has four executive benefit plans: the Supplemental Savings Incentive Plan, the Long-Term Retention Plan, the Officer Retention Plan and the Long-Term Performance Plan. The Company also has a Long-Term Performance Equity Plan, as discussed in Note 3. Pursuant to the Supplemental Savings Incentive Plan, as amended and restated effective November 1, 2011, eligible participants may elect to defer a portion of their annual salary and bonus. Participants are immediately vested in all deferred contributions they make and become fully vested in Company contributions upon completion of five years of service with the Company, termination of employment due to death or retirement or a change in control. Participant deferrals and Company contributions made in years prior to 2006 are invested in either a fixed benefit option or certain investment funds determined by the participant. Beginning in 2010, the Company may elect at its discretion to match up to 50% of the first 6% of salary, excluding bonuses, deferred by the participant. During 2020, 2019 and 2018, the Company matched 50% of the first 6% of salary, excluding bonuses, deferred by the participant. The Company may also make discretionary contributions to participants’ accounts. Under the Director Deferral Plan, as amended and restated effective January 1, 2005, non-employee directors may defer payment of all or a portion of their annual retainer and meeting fees until they no longer serve on the Board of Directors. There is no Company matching contribution under the Director Deferral Plan. The liability under these two deferral plans was as follows: (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 11,132 $ 8,893 Noncurrent liabilities 80,890 79,921 Total liability - Supplemental Savings Incentive Plan and Director Deferral Plan $ 92,022 $ 88,814 Under the Long-Term Retention Plan, effective March 5, 2014, the Company accrues a defined amount each year for an eligible participant based upon an award schedule. Amounts awarded may earn an investment return based on certain investment funds specified by the Company. Benefits under the Long-Term Retention Plan are 50% vested until age 51. Beginning at age 51, the vesting percentage increases by 5% each year until the benefits are fully vested at age 60. Participants receive payments from the plan upon retirement or, in certain instances, upon termination of employment. Payments are made in the form of monthly installments over a period of 10, 15 or 20 years. The liability under this plan was as follows: (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 137 $ 102 Noncurrent liabilities 4,728 3,199 Total liability - Long-Term Retention Plan $ 4,865 $ 3,301 Under the Officer Retention Plan, as amended and restated effective January 1, 2007, eligible participants may elect to receive an annuity payable in equal monthly installments over a 10-, 15- or 20-year period commencing at retirement or, in certain instances, upon termination of employment. The benefits under the Officer Retention Plan increase with each year of participation as set forth in an agreement between the participant and the Company. Benefits under the Officer Retention Plan are 50% vested until age 51. Beginning at age 51, the vesting percentage increases by 5% each year until the benefits are fully vested at age 60. The liability under this plan was as follows: (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 4,176 $ 3,267 Noncurrent liabilities 38,605 41,062 Total liability - Officer Retention Plan $ 42,781 $ 44,329 Under the Long-Term Performance Plan, as amended and restated effective January 1, 2018, the Compensation Committee establishes dollar amounts to which a participant shall be entitled upon attainment of the applicable performance measures. Bonus awards under the Long-Term Performance Plan are made based on the relative achievement of performance measures in terms of the Company- sponsored objectives or objectives related to the performance of the individual participant or of the subsidiary, division, department, region or function in which the participant is employed. The liability under this plan was as follows: (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 8,515 $ 7,252 Noncurrent liabilities 7,866 8,416 Total liability - Long-Term Performance Plan $ 16,381 $ 15,668 Pension Plans There are two Company-sponsored pension plans. The Primary Plan was frozen as of June 30, 2006 and no benefits accrued to participants after this date. 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. Each year, the Company updates its mortality assumptions used in the calculation of its pension liability using The Society of Actuaries’ latest mortality tables. In 2020 and 2019, the mortality table reflected a lower increase in longevity. The following tables set forth pertinent information for the two Company-sponsored pension plans: Fiscal Year (in thousands) 2020 2019 Beginning balance - projected benefit obligation $ 332,304 $ 278,957 Service cost 6,331 4,853 Interest cost 10,957 12,299 Actuarial loss 31,300 47,651 Benefits paid (12,647) (11,456) Ending balance - projected benefit obligation $ 368,245 $ 332,304 Changes in Projected Benefit Obligation The projected benefit obligations and the accumulated benefit obligations for both Company-sponsored pension plans were in excess of plan assets as of December 31, 2020 and December 29, 2019. The accumulated benefit obligation was $368.2 million on December 31, 2020 and $332.3 million on December 29, 2019. The decrease in the discount rates in 2020, as compared to 2019, and, in 2019, as compared to 2018, was the primary driver of actuarial losses in both 2020 and 2019. The actuarial gains and losses, net of tax, were recorded in accumulated other comprehensive loss in the consolidated balance sheets. Change in Plan Assets Fiscal Year (in thousands) 2020 2019 Beginning balance - plan assets at fair value $ 276,699 $ 256,168 Actual return on plan assets 40,680 29,549 Employer contributions 16,250 4,900 Benefits paid (13,930) (13,918) Ending balance - plan assets at fair value $ 319,699 $ 276,699 Funded Status (in thousands) December 31, 2020 December 29, 2019 Projected benefit obligation $ (368,245) $ (332,304) Plan assets at fair value 319,699 276,699 Net funded status $ (48,546) $ (55,605) Amounts Recognized in the Consolidated Balance Sheets (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ — $ — Noncurrent liabilities (48,546) (55,605) Total liability - pension plans $ (48,546) $ (55,605) Net Periodic Pension Cost Fiscal Year (in thousands) 2020 2019 2018 Service cost $ 6,331 $ 4,853 $ 5,484 Interest cost 10,957 12,299 11,350 Expected return on plan assets (13,617) (10,290) (15,415) Recognized net actuarial loss 4,619 3,688 3,830 Amortization of prior service cost 19 22 25 Net periodic pension cost $ 8,309 $ 10,572 $ 5,274 Significant Assumptions Fiscal Year 2020 2019 2018 Projected benefit obligation at the measurement date: Discount rate - Primary Plan 2.66 % 3.36 % 4.47 % Discount rate - Bargaining Plan 3.12 % 3.61 % 4.63 % Weighted average rate of compensation increase N/A N/A N/A Net periodic pension cost for the fiscal year: Discount rate - Primary Plan 3.36 % 4.47 % 3.80 % Discount rate - Bargaining Plan 3.61 % 4.63 % 3.90 % Weighted average expected long-term rate of return of plan assets - Primary Plan (1) 5.50 % 5.00 % 6.00 % Weighted average expected long-term rate of return of plan assets - Bargaining Plan (1) 6.25 % 5.25 % 6.00 % Weighted average rate of compensation increase N/A N/A N/A (1) The weighted average expected long-term rate of return assumption for the pension plan assets, which was used to compute net periodic pension cost, is based upon target asset allocation and is determined using forward-looking performance and duration assumptions set at the beginning of each fiscal year. Cash Flows (in thousands) Anticipated Future Pension Benefit 2021 $ 13,526 2022 14,312 2023 15,100 2024 15,736 2025 16,377 2026 - 2030 89,826 Contributions to the two Company-sponsored pension plans are expected to be in the range of $8 million to $12 million in 2021. Plan Assets All assets in the Company’s pension plans are invested in institutional investment funds managed by professional investment advisors which hold U.S. equities, international equities and debt securities. The objective of the Company’s investment philosophy is to earn the plans’ targeted rate of return over longer periods without assuming excess investment risk. The weighted average expected long-term rate of return assumption for the pension plan assets, which will be used to compute 2021 net periodic pension costs, is based upon target asset allocation and is determined using forward-looking performance and duration assumptions in the context of historical returns and volatilities for each asset class. The Company evaluates the rate of return assumption on an annual basis. The Company’s pension plans target asset allocation for 2021, actual asset allocation at December 31, 2020 and December 29, 2019, and the weighted average expected long-term rate of return by asset category for the Primary Plan were as follows: Percentage of Plan Target Weighted Average Expected 2020 2019 2021 2021 U.S. debt securities 58 % 57 % 65 % 3.09 % U.S. equity securities 24 % 23 % 26 % 1.24 % International debt securities 8 % 9 % — % — % International equity securities 8 % 8 % 7 % 0.32 % Cash and cash equivalents 2 % 3 % 2 % 0.10 % Total 100 % 100 % 100 % 4.75 % The Company’s pension plans target asset allocation for 2021, actual asset allocation at December 31, 2020 and December 29, 2019, and the weighted average expected long-term rate of return by asset category for the Bargaining Plan were as follows: Percentage of Plan Target Weighted Average Expected 2020 2019 2021 2021 U.S. debt securities 46 % 46 % 40 % 2.30 % U.S. equity securities 39 % 39 % 46 % 2.65 % International debt securities 2 % 2 % — % — % International equity securities 12 % 12 % 12 % 0.68 % Cash and cash equivalents 1 % 1 % 2 % 0.12 % Total 100 % 100 % 100 % 5.75 % Debt securities as of December 31, 2020 are comprised of investments in government and corporate bonds with a weighted average maturity of approximately 15 years for the Primary Plan and approximately 22 years for the Bargaining Plan. Both plans also hold an institutional high yield bond fund with a modified duration of approximately 3 years. U.S. equity securities include: (i) large capitalization domestic equity funds as represented by the S&P 500 index, (ii) mid-capitalization domestic equity funds as represented by the Russell Mid Cap Growth and Value indexes, (iii) small-capitalization domestic equity funds as represented by the Russell Small Cap Growth and Value indexes and (iv) alternative investment funds as represented by the HFRX Global index and the MSCI US REIT index. International equity securities include companies from both developed and emerging markets outside the United States. Cash and cash equivalents have a weighted average duration of less than one year. The following table summarizes the Company’s pension plan assets, which are classified as Level 1 and Level 2 for fair value measurement. The Company does not have any Level 3 pension plan assets. See Note 16 for additional information. (in thousands) December 31, 2020 December 29, 2019 Pension plan assets - fixed income $ 205,812 $ 179,153 Pension plan assets - equity securities (1) 106,424 89,861 Pension plan assets - cash and cash equivalents 7,463 7,071 Total pension plan assets $ 319,699 $ 276,085 (1) The Company had other Level 1 pension plan assets related to its equity securities of $0.6 million in 2019. 401(k) Savings Plan The Company provides a 401(k) Savings Plan for substantially all of its employees who are not part of collective bargaining agreements and for certain employees under collective bargaining agreements. The Company’s matching contribution for employees who are not part of collective bargaining agreements is discretionary, with the option to match contributions for eligible participants up to 5% based on the Company’s financial results. For all years presented, the Company matched the maximum 5% of participants’ contributions. The Company’s matching contribution for employees who are part of collective bargaining agreements is determined in accordance with negotiated formulas for the respective employees. The total expense for the Company’s matching contributions to the 401(k) Savings Plan was $22.7 million in 2020, $21.7 million in 2019 and $21.2 million in 2018. Postretirement Benefits The Company provides postretirement benefits for employees meeting specified criteria. The Company recognizes the cost of postretirement benefits, which consist principally of medical benefits, during employees’ periods of active service. The Company does not prefund these benefits and has the right to modify or terminate certain of these benefits in the future. The following tables set forth pertinent information for the Company’s postretirement benefit plan: Reconciliation of Activity Fiscal Year (in thousands) 2020 2019 Benefit obligation at beginning of year $ 62,056 $ 64,461 Service cost 1,454 1,496 Interest cost 2,031 2,750 Plan participants’ contributions 753 750 Actuarial (gain) loss 4,555 (4,191) Benefits paid (3,184) (3,296) Medicare Part D subsidy reimbursement — 86 Benefit obligation at end of year $ 67,665 $ 62,056 Reconciliation of Plan Assets Fair Value Fiscal Year (in thousands) 2020 2019 Fair value of plan assets at beginning of year $ — $ — Employer contributions 2,431 2,460 Plan participants’ contributions 753 750 Benefits paid (3,184) (3,296) Medicare Part D subsidy reimbursement — 86 Fair value of plan assets at end of year $ — $ — Funded Status (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ (2,886) $ (2,831) Noncurrent liabilities (64,779) (59,225) Total liability - postretirement benefits $ (67,665) $ (62,056) Net Periodic Postretirement Benefit Cost Fiscal Year (in thousands) 2020 2019 2018 Service cost $ 1,454 $ 1,496 $ 1,854 Interest cost 2,031 2,750 2,694 Recognized net actuarial loss 383 730 1,889 Amortization of prior service cost — (1,293) (1,847) Net periodic postretirement benefit cost $ 3,868 $ 3,683 $ 4,590 Significant Assumptions Fiscal Year 2020 2019 2018 Benefit obligation discount rate at measurement date 2.70 % 3.32 % 4.41 % Net periodic postretirement benefit cost discount rate for fiscal year 3.32 % 4.41 % 3.72 % Postretirement benefit expense - Pre-Medicare: Weighted average healthcare cost trend rate 6.53 % 7.13 % 7.82 % Trend rate graded down to ultimate rate 4.50 % 4.50 % 4.50 % Ultimate rate year 2028 2026 2025 Postretirement benefit expense - Post-Medicare: Weighted average healthcare cost trend rate 6.73 % 7.11 % 7.74 % Trend rate graded down to ultimate rate 4.50 % 4.50 % 4.50 % Ultimate rate year 2028 2026 2025 Cash Flows (in thousands) Anticipated Future Postretirement Benefit 2021 $ 2,886 2022 2,983 2023 3,151 2024 3,341 2025 3,494 2026 - 2030 19,300 A reconciliation of the amounts in accumulated other comprehensive loss not yet recognized as components of net periodic benefit cost is as follows: (in thousands) December 29, Actuarial Reclassification December 31, Pension Plans: Actuarial loss $ (146,762) $ (5,521) $ 4,619 $ (147,664) Prior service costs (26) — 19 (7) Postretirement Benefits: Actuarial loss (9,736) (4,555) 383 (13,908) Total within accumulated other comprehensive loss $ (156,524) $ (10,076) $ 5,021 $ (161,579) Multiemployer Pension Plans Certain employees of the Company whose employment is covered under collective bargaining agreements participate in a multiemployer pension plan, the Employers-Teamsters Local Union Nos. 175 and 505 Pension Fund (the “Teamsters Plan”). The Company makes monthly contributions to the Teamsters Plan on behalf of such employees. The collective bargaining agreements covering the Teamsters Plan expire at various times through 2023. The Company expects these agreements will be re-negotiated. Participating in the Teamsters Plan involves certain risks in addition to the risks associated with single employer pension plans, as contributed assets are pooled and may be used to provide benefits to employees of other participating employers. If a participating employer stops contributing to the Teamsters Plan, the unfunded obligations of the Teamsters Plan may be borne by the remaining participating employers. If the Company chooses to stop participating in the Teamsters Plan, the Company could be required to pay the Teamsters Plan a withdrawal liability based on the underfunded status of the Teamsters Plan. The Company does not anticipate withdrawing from the Teamsters Plan. In 2015, the Company increased its contribution rates to the Teamsters Plan, with additional increases occurring annually, as part of a rehabilitation plan, which was incorporated into the renewal of collective bargaining agreements with the unions effective April 28, 2014 and adopted by the Company as a rehabilitation plan effective January 1, 2015. This is a result of the Teamsters Plan being certified by its actuary as being in “critical” status for the plan year beginning January 1, 2013. The Company’s participation in the Teamsters Plan is outlined in the table below. A red zone represents less than 80% funding and requires a financial improvement plan (“FIP”) or rehabilitation plan (“RP”). Fiscal Year (in thousands) 2020 2019 2018 Pension Protection Act Zone Status Red Red Red FIP or RP pending or implemented Yes Yes Yes Surcharge imposed Yes Yes Yes Contribution $ 924 $ 987 $ 763 According to the Teamsters Plan’s Form 5500 for both the plan years ended December 29, 2019 and December 30, 2018, the Company was not listed as providing more than 5% of the total contributions. At the date these financial statements were issued, a Form 5500 was not available for the plan year ended December 31, 2020. The Company has a liability recorded for withdrawing from a multiemployer pension plan in 2008 and is required to make payments of approximately $1 million to this multiemployer pension plan each year through 2028. As of December 31, 2020, the Company had $5.8 million remaining on this liability.

Other Liabilities

Other Liabilities	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Other Liabilities	Other Liabilities Other liabilities consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Noncurrent portion of acquisition related contingent consideration $ 398,674 $ 405,597 Accruals for executive benefit plans 144,101 141,380 Noncurrent deferred proceeds from Territory Conversion Fee 80,591 82,877 Noncurrent deferred proceeds from Legacy Facilities Credit 28,770 29,569 Noncurrent portion of deferred payroll taxes under CARES Act 18,706 — Other 8,438 9,143 Total other liabilities $ 679,280 $ 668,566

Long-Term Debt

Long-Term Debt	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt Following is a summary of the Company’s long-term debt: (in thousands) Maturity Interest Interest Public / December 31, December 29, Term loan facility (1) 6/7/2021 Variable Varies Nonpublic $ 217,500 $ 262,500 Senior notes 2/27/2023 3.28% Semi-annually Nonpublic 125,000 125,000 Revolving credit facility (2) 6/8/2023 Variable Varies Nonpublic — 45,000 Senior bonds (3) 11/25/2025 3.80% Semi-annually Public 350,000 350,000 Senior notes 10/10/2026 3.93% Quarterly Nonpublic 100,000 100,000 Senior notes 3/21/2030 3.96% Quarterly Nonpublic 150,000 150,000 Unamortized discount on senior bonds (3) 11/25/2025 (43) (52) Debt issuance costs (1,992) (2,528) Total long-term debt $ 940,465 $ 1,029,920 (1) The Company intends to refinance principal payments due in the next 12 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, and the Company is not restricted by any subjective acceleration clause within the revolving credit agreement. As such, any amounts due in the next 12 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 bonds due in 2025 were issued at 99.975% of par. The principal maturities of debt outstanding on December 31, 2020 were as follows: (in thousands) Debt Maturities Fiscal 2021 $ 217,500 Fiscal 2022 — Fiscal 2023 125,000 Fiscal 2024 — Fiscal 2025 350,000 Thereafter 250,000 Long-term debt $ 942,500 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. In 2019, the Company entered into a $100 million fixed rate swap maturing June 7, 2021, to hedge a portion of the interest rate risk on the Company’s term loan facility. This interest rate swap is designated as a cash flow hedging instrument and changes in its fair value are not expected to be material to the consolidated balance sheets. Changes in the fair value of this interest rate swap were classified as accumulated other comprehensive loss on the consolidated balance sheets and included in the consolidated statements of comprehensive income. The indenture under which the Company’s senior bonds were issued does not include financial covenants but does 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 was 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 agreement. The Company was in compliance with these covenants as of December 31, 2020. 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

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 28.3 million cases, 29.4 million cases and 29.2 million cases of finished product from SAC in 2020, 2019 and 2018, respectively. The following table summarizes the Company’s purchases from these manufacturing cooperatives: Fiscal Year (in thousands) 2020 2019 2018 Purchases from Southeastern $ 125,659 $ 132,328 $ 125,352 Purchases from SAC 155,858 160,189 155,583 Total purchases from manufacturing cooperatives $ 281,517 $ 292,517 $ 280,935 The Company guarantees a portion of SAC’s debt, which expires at various dates through 2024. The amount guaranteed was $14.7 million on both December 31, 2020 and December 29, 2019. In the event SAC fails to fulfill its commitments under the related debt, the Company would be responsible for payment to the lenders up to the level of the guarantee. The Company does not anticipate SAC will fail to fulfill its commitments 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 consolidated financial statements. The Company monitors its investment in SAC and would be required to write down its investment if an impairment, other than a temporary impairment, was identified. No impairment of the Company’s investment in SAC was identified as of December 31, 2020, and there was no impairment identified in 2020, 2019 or 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 $37.6 million on December 31, 2020 and $35.6 million on December 29, 2019. The Company participates in long-term marketing contractual arrangements with certain prestige properties, athletic venues and other locations. As of December 31, 2020, the future payments related to these contractual arrangements, which expire at various dates through 2033, amounted to $164.9 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 the ultimate disposition of these matters will not have a material adverse effect on the financial condition, results of operations or cash flows 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 consolidated financial statements.

Risks and Uncertainties

Risks and Uncertainties	12 Months Ended
	Dec. 31, 2020
Risks and Uncertainties [Abstract]
Risks and Uncertainties	Risks and Uncertainties Approximately 84% of the Company’s total bottle/can sales volume to retail customers consists of products of The Coca‑Cola Company, which is the sole supplier of these products or of the concentrates or syrups required to manufacture these products. The remaining bottle/can sales volume to retail customers consists of products of other beverage companies. The Company has beverage agreements with The Coca‑Cola Company and other beverage companies under which it has various requirements. Failure to meet the requirements of these beverage agreements could result in the loss of distribution rights for the respective products. The Company faces concentration risks related to a few customers comprising a large portion of the Company’s annual sales volume and net revenue. The following table summarizes the percentage of the Company’s total bottle/can sales volume to its largest customers, as well as the percentage of the Company’s total net sales, which are included in the Nonalcoholic Beverages segment, that such volume represents. No other customer represented greater than 10% of the Company’s total net sales for any years presented. Fiscal Year 2020 2019 2018 Approximate percent of the Company’s total bottle/can sales volume Wal-Mart Stores, Inc. 19 % 19 % 19 % The Kroger Company 13 % 12 % 11 % Total approximate percent of the Company’s total bottle/can sales volume 32 % 31 % 30 % Approximate percent of the Company’s total net sales Wal-Mart Stores, Inc. 14 % 13 % 14 % The Kroger Company 10 % 8 % 8 % Total approximate percent of the Company’s total net sales 24 % 21 % 22 % The Company purchases a majority of its aluminum cans from two domestic suppliers and all of the plastic bottles used in its manufacturing plants from two manufacturing cooperatives it co-owns with several other Coca‑Cola bottlers. In 2020, the COVID-19 pandemic impacted the supply of aluminum cans and, as a result, the Company changed its typical sourcing model and sourced aluminum cans from international locations. See Note 3 and Note 21 for additional information. The Company is exposed to price risk on commodities such as aluminum, corn and PET resin, which affects the cost of raw materials used in the production of its finished products. The Company both produces and procures these finished products. Examples of the raw materials affected are aluminum cans and plastic bottles used for packaging and high fructose corn syrup used as a product ingredient. Further, the Company is exposed to commodity price risk on crude oil, which impacts the Company’s cost of fuel used in the movement and delivery of the Company’s products. The Company participates in commodity hedging and risk mitigation programs administered both by CCBSS and by the Company. Certain liabilities of the Company, including floating rate debt, retirement benefit obligations and the Company’s pension liability, are subject to risk of changes in both long-term and short-term interest rates. The Company’s contingent consideration liability resulting from the acquisition of certain distribution territories is subject to risk as a result of changes in the Company’s probability weighted discounted cash flow model, which is based on internal forecasts, and changes in the Company’s WACC, which is derived from market data. Approximately 14% of the Company’s labor force is covered by collective bargaining agreements. The Company’s collective bargaining agreements, which generally have 3- to 5-year terms, expire at various dates through 2025. Terms and conditions of new labor union agreements could increase the Company’s exposure to work interruptions or stoppages.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) (“AOCI(L)”) is comprised of adjustments to the Company’s pension and postretirement medical benefit plans, the interest rate swap on the Company’s term loan facility and the foreign currency translation for a subsidiary of the Company that performs data analysis and provides consulting services outside the United States. Following is a summary of AOCI(L) for 2020, 2019 and 2018: Gains (Losses) During the Period Reclassification to Income (in thousands) December 29, Pre-tax Tax Pre-tax Tax December 31, Net pension activity: Actuarial loss $ (93,174) $ (5,521) $ 1,369 $ 4,619 $ (1,140) $ (93,847) Prior service costs (7) — — 19 (4) 8 Net postretirement benefits activity: Actuarial loss (1,191) (4,555) 1,129 383 (94) (4,328) Prior service credits (624) — — — — (624) Interest rate swap (270) — — (378) 92 (556) Foreign currency translation adjustment (16) — — 41 (11) 14 Reclassification of stranded tax effects (19,720) — — — — (19,720) Total AOCI(L) $ (115,002) $ (10,076) $ 2,498 $ 4,684 $ (1,157) $ (119,053) Gains (Losses) During the Period Reclassification to Income (in thousands) December 30, Pre-tax Tax Pre-tax Tax December 29, Net pension activity: Actuarial loss $ (72,690) $ (30,855) $ 7,590 $ 3,688 $ (907) $ (93,174) Prior service costs (24) — — 22 (5) (7) Net postretirement benefits activity: Actuarial loss (4,902) 4,192 (1,031) 730 (180) (1,191) Prior service credits 351 — — (1,293) 318 (624) Interest rate swap — — — (359) 89 (270) Foreign currency translation adjustment — — — (19) 3 (16) Reclassification of stranded tax effects — — (19,720) — — (19,720) Total AOCI(L) $ (77,265) $ (26,663) $ (13,161) $ 2,769 $ (682) $ (115,002) Gains (Losses) During the Period Reclassification to Income (in thousands) December 31, Pre-tax Tax Pre-tax Tax December 30, Net pension activity: Actuarial loss $ (78,618) $ 4,036 $ (993) $ 3,830 $ (945) $ (72,690) Prior service costs (43) — — 25 (6) (24) Net postretirement benefits activity: Actuarial loss (17,299) 14,552 (3,580) 1,889 (464) (4,902) Prior service credits 1,744 — — (1,847) 454 351 Foreign currency translation adjustment 14 — — (19) 5 — Total AOCI(L) $ (94,202) $ 18,588 $ (4,573) $ 3,878 $ (956) $ (77,265) Following is a summary of the impact of AOCI(L) on the consolidated statements of operations: Fiscal 2020 (in thousands) Net Pension Net Postretirement Interest Rate Foreign Currency Total Cost of sales $ 1,393 $ 146 $ — $ — $ 1,539 Selling, delivery and administrative expenses 3,245 237 (378) 41 3,145 Subtotal pre-tax 4,638 383 (378) 41 4,684 Income tax expense 1,144 94 (92) 11 1,157 Total after tax effect $ 3,494 $ 289 $ (286) $ 30 $ 3,527 Fiscal 2019 (in thousands) Net Pension Net Postretirement Interest Rate Foreign Currency Total Cost of sales $ 1,003 $ (211) $ — $ — $ 792 Selling, delivery and administrative expenses 2,707 (352) (359) (19) 1,977 Subtotal pre-tax 3,710 (563) (359) (19) 2,769 Income tax expense 912 (138) (89) (3) 682 Total after tax effect $ 2,798 $ (425) $ (270) $ (16) $ 2,087 Fiscal 2018 (in thousands) Net Pension Net Postretirement Foreign Currency Total Cost of sales $ 886 $ 7 $ — $ 893 Selling, delivery and administrative expenses 2,968 35 (19) 2,984 Subtotal pre-tax 3,854 42 (19) 3,877 Income tax expense 950 10 (5) 955 Total after tax effect $ 2,904 $ 32 $ (14) $ 2,922

Supplemental Disclosures of Cas

Supplemental Disclosures of Cash Flow Information	12 Months Ended
	Dec. 31, 2020
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosures of Cash Flow Information	Supplemental Disclosures of Cash Flow Information Changes in current assets and current liabilities affecting cash were as follows: Fiscal Year (in thousands) 2020 2019 2018 Accounts receivable, trade $ 8,107 $ 3,338 $ (40,868) Allowance for doubtful accounts 7,838 4,641 1,535 Accounts receivable from The Coca-Cola Company 13,208 (17,496) 11,643 Accounts receivable, other 6,010 (12,601) 8,467 Inventories 169 (15,893) (26,415) Prepaid expenses and other current assets (4,685) 458 29,785 Accounts payable, trade 31,378 28,808 (36,355) Accounts payable to The Coca-Cola Company (1,518) 938 (36,095) Other accrued liabilities (3,693) (40,955) 62,892 Accrued compensation (205) 18,228 (1,943) Accrued interest payable (1,002) (1,147) 967 Change in current assets less current liabilities $ 55,607 $ (31,681) $ (26,387) The Company had the following net cash payments (refunds) during the period for interest and income taxes: Fiscal Year (in thousands) 2020 2019 2018 Income taxes $ 55,755 $ 6,309 $ (36,991) Interest 34,257 43,397 45,067 The Company had the following significant non-cash investing and financing activities: Fiscal Year (in thousands) 2020 2019 2018 Additions to leased property under financing leases $ 61,121 $ — $ — Right-of-use assets obtained in exchange for operating lease obligations 42,698 38,713 — Additions to property, plant and equipment accrued and recorded in accounts payable, trade 17,025 19,452 13,675 Issuance of Class B Common Stock in connection with stock award — 4,776 3,831

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	Quarterly Financial Data (Unaudited) The unaudited quarterly financial data for the fiscal years ended December 31, 2020 and December 29, 2019 is included in the following tables. Sales volume has historically been the highest in the second and third quarters of each fiscal year. Additional meaningful financial information is included in the table following each presented period. Quarter Ended (in thousands, except per share data) March 29, June 28, September 27, December 31, Net sales $ 1,173,021 $ 1,227,215 $ 1,328,484 $ 1,278,637 Gross profit 405,295 429,301 472,438 461,875 Income from operations 32,821 83,118 103,844 93,595 Net income attributable to Coca‑Cola Consolidated, Inc. 14,662 39,569 51,884 66,378 Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ 1.56 $ 4.23 $ 5.53 $ 7.08 Class B Common Stock $ 1.56 $ 4.23 $ 5.53 $ 7.08 Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ 1.55 $ 4.19 $ 5.51 $ 7.05 Class B Common Stock $ 1.55 $ 4.18 $ 5.51 $ 7.04 Additional Information for 2020: Quarter Ended (in thousands) March 29, June 28, September 27, December 31, Pre-tax income (expense) impact: Expenses related to supply chain and asset optimization $ (77) $ (641) $ (3,122) $ (548) Income related to extra days in fiscal year (1) — — — 7,354 (1) 2020 had four Quarter Ended (in thousands, except per share data) March 31, June 30, September 29, December 29, Net sales $ 1,102,912 $ 1,273,659 $ 1,271,029 $ 1,178,949 Gross profit 389,308 435,779 432,224 413,191 Income from operations 20,154 67,214 53,846 39,540 Net income (loss) attributable to Coca‑Cola Consolidated, Inc. (6,831) 15,370 13,006 (10,170) Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ (0.73) $ 1.64 $ 1.39 $ (1.09) Class B Common Stock $ (0.73) $ 1.64 $ 1.39 $ (1.09) Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ (0.73) $ 1.64 $ 1.38 $ (1.08) Class B Common Stock $ (0.73) $ 1.63 $ 1.38 $ (1.09) Additional Information for 2019: Quarter Ended (in thousands) March 31, June 30, September 29, December 29, Pre-tax expense impact: Expenses related to the System Transformation $ (4,730) $ (2,185) $ — $ — Expenses related to supply chain and asset optimization — (1,294) (3,581) (5,702)

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2020
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	Schedule II COCA-COLA CONSOLIDATED, INC. VALUATION AND QUALIFYING ACCOUNTS AND RESERVES Allowance for Doubtful Accounts Fiscal Year (in thousands) 2020 2019 2018 Beginning balance - allowance for doubtful accounts $ 13,782 $ 9,141 $ 7,606 Additions charged to expenses and as reductions to net sales 14,265 9,769 9,964 Deductions (6,427) (5,128) (8,429) Ending balance - allowance for doubtful accounts $ 21,620 $ 13,782 $ 9,141 Deferred Income Tax Valuation Allowance Fiscal Year (in thousands) 2020 2019 2018 Beginning balance - valuation allowance for deferred tax assets $ 7,190 $ 5,899 $ 4,337 Additions charged to costs and expenses 163 1,291 1,562 Deductions credited to expense (2,028) — — Ending balance - valuation allowance for deferred tax assets $ 5,325 $ 7,190 $ 5,899

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fiscal Year	Fiscal Year During the fourth quarter of 2020, the Company’s Board of Directors approved a change in the Company’s fiscal year so that each fiscal year will end on December 31 of the applicable calendar year. This change was not considered a change in fiscal year under the rules of the Securities and Exchange Commission as the new fiscal year commenced within seven days of the prior fiscal year-end and the new fiscal year commenced with the end of the prior fiscal year. Previously, the Company’s fiscal year generally ended on the Sunday closest to December 31 of each year. The fiscal years presented are the periods ended December 31, 2020 (“2020”), December 29, 2019 (“2019”) and December 30, 2018 (“2018”).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include cash on hand, cash in banks and cash equivalents, which are highly liquid debt instruments with maturities of less than 90 days. The Company maintains cash deposits with major banks, which, from time to time, may exceed federally insured limits. The Company periodically assesses the financial condition of the institutions and believes the risk of any loss is minimal.
Accounts Receivable, Trade	Accounts Receivable, Trade The Company sells its products and extends credit, generally without requiring collateral, based on an ongoing evaluation of the customer’s business prospects and financial condition. The Company evaluates the collectability of its trade accounts receivable based
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company has established an allowance for doubtful accounts to adjust the recorded receivable to the estimated amount the Company believes will ultimately be collected. The Company’s allowance for doubtful accounts in the consolidated balance sheets includes a reserve for customer returns and an allowance for credit losses. The Company experiences customer returns primarily as a result of damaged or out-of-date product. At any given time, the Company estimates less than 1% of bottle/can sales and post-mix sales could be at risk for return by customers. Returned product is recognized as a reduction to net sales. The Company estimates an allowance for credit losses, based on historic days’ sales outstanding trends, aged customer balances, previously written-off balances and expected recoveries up to balances previously written off, in order to present the net amount expected to be collected. Accounts receivable balances are written off when determined uncollectible and are recognized as a reduction to the allowance for credit losses.
Inventories	Inventories Inventories are stated at the lower of cost or net realizable value. Cost is determined on the first-in, first-out method for finished products and manufacturing materials and on the average cost method for plastic shells, plastic pallets and other inventories.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost, less accumulated depreciation. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements on operating leases are depreciated over the shorter of the estimated useful lives or the term of the lease, including renewal options the Company determines are reasonably assured. Additions and major replacements or betterments are added to the assets at cost. Maintenance and repair costs and minor replacements are charged to expense when incurred. When assets are replaced or otherwise disposed, the cost and accumulated depreciation are removed from the accounts and the gains or losses, if any, are reflected in the statements of operations. Gains or losses on the disposal of manufacturing equipment and manufacturing plants are included in cost of sales. Gains or losses on the disposal of all other property, plant and equipment are included in selling, delivery and administrative (“SD&A”) expenses. The Company evaluates the recoverability of the carrying amount of its property, plant and equipment when events or circumstances indicate the carrying amount of an asset or asset group may not be recoverable. These evaluations are performed at a level where independent cash flows may be attributed to either an asset or an asset group. If the Company determines the carrying amount of an asset or asset group is not recoverable based upon the expected undiscounted future cash flows of the asset or asset group, an impairment loss is recorded equal to the excess of the carrying amounts over the estimated fair values of the long-lived assets.
Leases	Leases The Company adopted Accounting Standards Update (“ASU”) 2016-02, “Leases” on December 31, 2018 using the optional transition method. The Company leases office and warehouse space, machinery and other equipment under noncancelable operating lease agreements and also leases certain warehouse space under financing lease agreements. The Company uses the following policies and assumptions to evaluate its leases: • Determining a lease: The Company assesses contracts at inception to determine whether an arrangement is or includes a lease, which conveys the Company’s right to control the use of an identified asset for a period of time in exchange for consideration. Operating lease right-of-use assets and associated liabilities are recognized at the commencement date and initially measured based on the present value of lease payments over the defined lease term. • Allocating lease and non-lease components: The Company has elected the practical expedient to not separate lease and non-lease components for certain classes of underlying assets. The Company has equipment and vehicle lease agreements, which generally have the lease and associated non-lease components accounted for as a single lease component. The Company has real estate lease agreements with lease and non-lease components, which are accounted for separately where applicable. • Calculating the discount rate: The Company calculates the discount rate based on the discount rate implicit in the lease, or if the implicit rate is not readily determinable from the lease, then the Company calculates an incremental borrowing rate using a portfolio approach. The incremental borrowing rate is calculated using the contractual lease term and the Company’s borrowing rate. • Recognizing leases: The Company does not recognize leases with a contractual term of less than 12 months on its consolidated balance sheets. Lease expense for these short-term leases is expensed on a straight-line basis over the lease term. • Including rent increases or escalation clauses: Certain leases contain scheduled rent increases or escalation clauses, which can be based on the Consumer Price Index or other rates. The Company assesses each contract individually and applies the appropriate variable payments based on the terms of the agreement. • Including renewal options and/or purchase options: Certain leases include renewal options to extend the lease term and/or purchase options to purchase the leased asset. The Company assesses these options using a threshold of reasonably certain, which is a high threshold and, therefore, the majority of the Company’s leases do not include renewal periods or purchase options for the measurement of the right-of-use asset and the associated lease liability. For leases the Company is reasonably certain to renew or purchase, those options are included within the lease term and, therefore, included in the measurement of the right-of-use asset and the associated lease liability. • Including options to terminate: Certain leases include the option to terminate the lease prior to its scheduled expiration. This allows a contractually bound party to terminate its obligation under the lease contract, typically in return for an agreed-upon financial consideration. The terms and conditions of the termination options vary by contract. • Including residual value guarantees, restrictions or covenants: The Company’s lease agreements do not contain residual value guarantees, restrictions or covenants.
Internal Use Software	Internal Use Software The Company capitalizes costs incurred in the development or acquisition of internal use software. The Company expenses costs incurred in the preliminary project planning stage. Costs, such as maintenance and training, are also expensed as incurred. Capitalized costs are amortized over their estimated useful lives using the straight-line method. Amortization expense, which is included in depreciation expense, for internal use software was $6.7 million in 2020, $7.7 million in 2019 and $10.0 million in 2018.
Goodwill	Goodwill All business combinations are accounted for using the acquisition method. Goodwill is tested for impairment annually, or more frequently if facts and circumstances indicate such assets may be impaired. The Company performs its annual goodwill impairment test, which includes a qualitative assessment to determine whether it is more likely than not that the fair value of the goodwill is below its carrying value, as of the first day of the fourth quarter each year, and more often if there are significant changes in business conditions that could result in impairment. All of the Company’s goodwill resides within one reporting unit within the Nonalcoholic Beverages reportable segment, and, therefore, the Company has determined it has one reporting unit for the purpose of assessing goodwill for potential impairment. The Company uses its overall market capitalization as part of its estimate of fair value of the reporting unit and in assessing the reasonableness of the Company’s internal estimates of fair value. When a quantitative analysis is considered necessary for the annual impairment analysis of goodwill, the Company develops an estimated fair value for the reporting unit considering three different approaches: • market value, using the Company’s stock price plus outstanding debt; • discounted cash flow analysis; and • multiple of earnings before interest, taxes, depreciation and amortization based upon relevant industry data. The estimated fair value of the reporting unit is then compared to its carrying amount, including goodwill. If the estimated fair value exceeds the carrying amount, goodwill is not considered impaired. If the carrying amount, including goodwill, exceeds its estimated fair value, any excess of the carrying value of goodwill of the reporting unit over its fair value is recorded as an impairment. To the extent the actual and projected cash flows decline in the future or if market conditions or market capitalization significantly deteriorate, the Company may be required to perform an interim impairment analysis that could result in an impairment of goodwill.
Distribution Agreements and Customer Lists	Distribution Agreements and Customer Lists The Company’s definite-lived intangible assets consist of distribution agreements and customer lists, which have estimated useful lives of 10 to 40 years and five
Acquisition Related Contingent Consideration Liability	Acquisition Related Contingent Consideration Liability The acquisition related contingent consideration liability consists of the estimated amounts due to The Coca‑Cola Company under the Company’s comprehensive beverage agreements (collectively, the “CBA”) with The Coca‑Cola Company and Coca‑Cola Refreshments USA, Inc. (“CCR”), a wholly owned subsidiary of The Coca‑Cola Company, over the useful life of the related distribution rights. Pursuant to the CBA, the Company is required to make quarterly sub-bottling payments to CCR on a continuing basis in exchange for the grant of exclusive rights to distribute, promote, market and sell the authorized brands of The Coca‑Cola Company and related products in certain distribution territories the Company acquired from CCR. This acquisition related contingent consideration is valued using a probability weighted discounted cash flow model based on internal forecasts and the weighted average cost of capital (“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 subject to sub-bottling fees to fair value by discounting future expected sub-bottling payments required under the CBA using the Company’s estimated WACC. These future expected sub-bottling payments extend through the life of the related distribution assets acquired in each distribution territory, 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 non-cash expense (or income) recorded each reporting period.
Pension and Postretirement Benefit Plans	Pension and Postretirement Benefit Plans There are two Company-sponsored pension plans. The primary Company-sponsored pension plan (the “Primary 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 Company also sponsors a postretirement healthcare plan for employees meeting specified criteria. The expense and liability amounts recorded for the benefit plans reflect estimates related to interest rates, investment returns, employee turnover and age at retirement, mortality rates and healthcare costs. The discount rate assumptions used to determine the pension and postretirement benefit obligations are based on yield rates available on the Aon AA Above Median yield curve as of each plan’s measurement date. The service cost components of the net periodic benefit cost of the plans are charged to current operations, and the non-service cost components of the net periodic benefit cost of the plans are classified as other expense, net. In addition, certain other union employees are covered by plans provided by their respective union organizations and the Company expenses amounts as paid in accordance with union agreements.
Income Taxes	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to operating losses and tax credit carryforwards, as well as the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance will be provided against deferred tax assets if the Company determines it is more likely than not such assets will not ultimately be realized. The Company does not recognize a tax benefit unless it concludes that it is more likely than not that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. If the recognition threshold is met, the Company recognizes a tax benefit measured at the largest amount of the tax benefit that, in the Company’s judgment, is greater than 50 percent likely to be realized. The Company records interest and penalties related to uncertain tax positions in income tax expense.
Revenue Recognition	Revenue Recognition The Company’s sales are divided into two main categories: (i) bottle/can sales and (ii) other sales. Bottle/can sales include products packaged primarily in plastic bottles and aluminum cans. Bottle/can net pricing is based on the invoice price charged to customers reduced by any promotional allowances. Bottle/can net pricing per unit is impacted by the price charged per package, the sales volume generated for each package and the channels in which those packages are sold. Other sales include sales to other Coca‑Cola bottlers, “post-mix” products, transportation revenue and equipment maintenance revenue. Post-mix products are dispensed through equipment that mixes fountain syrups with carbonated or still water, enabling fountain retailers to sell finished products to consumers in cups or glasses. The Company’s contracts are derived from customer orders, including customer sales incentives, generated through an order processing and replenishment model. Generally, the Company’s service contracts and contracts related to the delivery of specifically identifiable products have a single performance obligation. Revenues do not include sales or other taxes collected from customers. The Company has defined its performance obligations for its contracts as either at a point in time or over time. Bottle/can sales, sales to other Coca‑Cola bottlers and post-mix sales are recognized when control transfers to a customer, which is generally upon delivery and is considered a single point in time (“point in time”). Other sales, which include revenue for service fees related to the repair of cold drink equipment and delivery fees for freight hauling and brokerage services, are recognized over time (“over time”). Revenues related to cold drink equipment repair are recognized as the respective services are completed using a cost-to-cost input method. Repair services are generally completed in less than one day but can extend up to one month. Revenues related to freight hauling and brokerage services are recognized as the delivery occurs using a miles driven output method. Generally, delivery occurs and freight charges are recognized in the same day. Over time sales orders open at the end of a financial period are not material to the consolidated financial statements. The Company’s sales are divided into two main categories: (i) bottle/can sales and (ii) other sales. Bottle/can sales include products packaged primarily in plastic bottles and aluminum cans. Bottle/can net pricing is based on the invoice price charged to customers reduced by any promotional allowances. Bottle/can net pricing per unit is impacted by the price charged per package, the sales volume generated for each package and the channels in which those packages are sold. Other sales include sales to other Coca‑Cola bottlers, “post-mix” products, transportation revenue and equipment maintenance revenue. Post-mix products are dispensed through equipment that mixes fountain syrups with carbonated or still water, enabling fountain retailers to sell finished products to consumers in cups or glasses. The Company’s contracts are derived from customer orders, including customer sales incentives, generated through an order processing and replenishment model. Generally, the Company’s service contracts and contracts related to the delivery of specifically identifiable products have a single performance obligation. Revenues do not include sales or other taxes collected from customers. The Company has defined its performance obligations for its contracts as either at a point in time or over time. Bottle/can sales, sales to other Coca‑Cola bottlers and post-mix sales are recognized when control transfers to a customer, which is generally upon delivery and is considered a single point in time. Point in time sales accounted for approximately 97% of the Company’s net sales in 2020, 96% of the Company’s net sales in 2019 and 97% of the Company’s net sales in 2018. Other sales, which include revenue for service fees related to the repair of cold drink equipment and delivery fees for freight hauling and brokerage services, are recognized over time. Revenues related to cold drink equipment repair are recognized as the respective services are completed using a cost-to-cost input method. Repair services are generally completed in less than one day but can extend up to one month. Revenues related to freight hauling and brokerage services are recognized as the delivery occurs using a miles driven output method. Generally, delivery occurs and freight charges are recognized in the same day. Over time sales orders open at the end of a financial period are not material to the consolidated financial statements.
Marketing Programs and Sales Incentives	Marketing Programs and Sales Incentives The Company participates in various sales programs with The Coca‑Cola Company, other beverage companies and customers to increase the sale of its products. Programs negotiated with customers include arrangements under which allowances can be earned for attaining agreed-upon sales levels. The cost of these various sales incentives is not considered a separate performance obligation and is included as a deduction to net sales. Allowance payments made to customers can be conditional on the achievement of volume targets and/or marketing commitments. Payments made in advance are recorded as prepayments and amortized in the consolidated statements of operations over the relevant period for which the customer commitment is made. In the event there is no separate identifiable benefit or the fair value of such benefit cannot be established, the amortization of the prepayment is included as a deduction to net sales. The nature of the Company’s contracts gives rise to several types of variable consideration, including prospective and retrospective rebates. The Company accounts for its prospective and retrospective rebates using the expected value method, which estimates the net price to the customer based on the customer’s expected annual sales volume projections.
Marketing Funding Support	Marketing Funding Support The Company receives marketing funding support payments in cash from The Coca‑Cola Company and other beverage companies. Payments to the Company for marketing programs to promote bottle/can sales volume and fountain syrup sales volume are recognized as a reduction of cost of sales, primarily on a per unit basis, as the product is sold. Payments for periodic programs are recognized in the period during which they are earned. Cash consideration received by a customer from a vendor is presumed to be a reduction of the price of the vendor’s products or services. As such, the cash received is accounted for as a reduction of cost of sales unless it is a specific reimbursement of costs or payments for services. Payments the Company receives from The Coca‑Cola Company and other beverage companies for marketing funding support are classified as reductions of cost of sales.
Derivative Financial Instruments	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 commodity derivative instruments. The Company does not use commodity derivative instruments for trading or speculative purposes. These commodity derivative instruments are not designated as hedging instruments under GAAP and are used as “economic hedges” to manage certain commodity price risk. 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 counterparties. Commodity derivative instruments held by the Company are marked to market on a monthly basis and recognized in earnings consistent with the expense classification of the underlying hedged item. The Company generally pays a fee for these commodity derivative instruments, which is amortized over the corresponding period of each commodity derivative instrument. Settlements of commodity derivative instruments are included in cash flows from operating activities in the consolidated statements of cash flows. All commodity derivative instruments are recorded at fair value as either assets or liabilities in the consolidated balance sheets. The Company has master agreements with the counterparties to its commodity derivative instruments 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 consolidated balance sheets and the net amounts of derivative liabilities are recognized in either other accrued liabilities or other liabilities in the consolidated balance sheets.
Risk Management Programs	Risk Management Programs The Company uses various insurance structures to manage costs related to workers’ compensation, auto liability, medical and other insurable risks. These structures consist of retentions, deductibles, limits and a diverse group of insurers that serve to strategically finance, transfer and mitigate the financial impact of losses to the Company. Losses are accrued using assumptions and procedures followed in the insurance industry, then adjusted for company-specific history and expectations.
Cost of Sales	Cost of Sales Inputs representing a substantial portion of the Company’s cost of sales include: (i) purchases of finished products, (ii) raw material costs, including aluminum cans, plastic bottles and sweetener, (iii) concentrate costs and (iv) manufacturing costs, including labor, overhead and warehouse costs. In addition, cost of sales includes shipping, handling and fuel costs related to the movement of finished products from manufacturing plants to distribution centers, amortization expense of distribution rights, distribution fees of certain products and marketing credits from brand companies.
Selling, Delivery and Administrative Expenses	Selling, Delivery and Administrative Expenses SD&A expenses include the following: sales management labor costs, distribution costs resulting from transporting finished products from distribution centers to customer locations, distribution center overhead including depreciation expense, distribution center warehousing costs, delivery vehicles and cold drink equipment, point-of-sale expenses, advertising expenses, cold drink equipment repair costs, amortization of intangible assets and administrative support labor and operating costs.
Shipping and Handling Costs	Shipping and Handling Costs Shipping and handling costs related to the movement of finished products from manufacturing plants to distribution centers are included in cost of sales. Shipping and handling costs related to the movement of finished products from distribution centers to customer locations, including distribution center warehousing costs, are included in SD&A expenses and totaled $622.1 million in 2020, $623.4 million in 2019 and $610.7 million in 2018.
Stock Compensation	Stock Compensation In 2008, the stockholders of the Company approved a performance unit award agreement (the “Performance Unit Award Agreement”) for J. Frank Harrison, III, the Chairman of the Board of Directors and Chief Executive Officer of the Company, consisting of 400,000 performance units (“Units”) subject to vesting in annual increments over a 10-year period starting in fiscal year 2009. The Performance Unit Award Agreement expired at the end of 2018, with the final award issued in the first quarter of 2019 in connection with Mr. Harrison’s services during 2018. In 2018, the Compensation Committee of the Company’s Board of Directors (the “Compensation Committee”) and the Company’s stockholders approved a long-term performance equity plan (the “Long-Term Performance Equity Plan”) to succeed the Performance Unit Award Agreement. Awards granted to Mr. Harrison under the Long-Term Performance Equity Plan are earned based on the Company’s attainment during a performance period of performance measures specified by the Compensation Committee. Mr. Harrison may elect to have awards earned under the Long‑Term Performance Equity Plan settled in cash and/or shares of Class B Common Stock. See Note 3 for additional information on Mr. Harrison’s stock compensation programs.
Common Stock and Class B Common Stock and Dividends	Common Stock and Class B Common Stock The Company has two classes of common stock outstanding, Common Stock and Class B Common Stock. The Common Stock is traded on the NASDAQ Global Select Market under the symbol COKE. There is no established public trading market for the Class B Common Stock. Shares of Class B Common Stock are convertible on a share-for-share basis into shares of Common Stock at any time at the option of the holder. Each share of Common Stock is entitled to one vote per share and each share of Class B Common Stock is entitled to 20 votes per share at all meetings of the Company’s stockholders. Except as otherwise required by law, holders of the Common Stock and Class B Common Stock vote together as a single class on all matters submitted to the Company’s stockholders, including the election of the Board of Directors. As a result, the holders of the Class B Common Stock control approximately 86% of the total voting power of the stockholders of the Company and control the election of the Board of Directors. In the event of liquidation, there is no preference between the two classes of common stock. Dividends No cash dividend or dividend of property or stock other than stock of the Company, as specifically described in the Company’s certificate of incorporation, may be declared and paid on the Class B Common Stock unless an equal or greater dividend is declared and paid on the Common Stock. Under the Company’s certificate of incorporation, the Board of Directors may declare dividends on the Common Stock without declaring equal or any dividends on the Class B Common Stock. Notwithstanding this provision, the Class B Common Stock has voting and conversion rights that allow the Class B Common Stock to participate equally on a per share basis with the Common Stock.
Net Income Per Share	Net Income Per Share The Company applies the two-class method for calculating and presenting net income per share. The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to dividends declared or accumulated and participation rights in undistributed earnings. Under this method: (a) Income from continuing operations (“net income”) is reduced by the amount of dividends declared in the current period for each class of stock and by the contractual amount of dividends that must be paid for the current period. (b) The remaining earnings (“undistributed earnings”) are allocated to Common Stock and Class B Common Stock to the extent each security may share in earnings as if all the earnings for the period had been distributed. The total earnings allocated to each security is determined by adding together the amount allocated for dividends and the amount allocated for a participation feature. (c) The total earnings allocated to each security is then divided by the number of outstanding shares of the security to which the earnings are allocated to determine the earnings per share for the security. (d) Basic and diluted net income per share data are presented for each class of common stock. In applying the two-class method, the Company determined undistributed earnings should be allocated equally on a per share basis between the Common Stock and Class B Common Stock due to the aggregate participation rights of the Class B Common Stock (i.e., the voting and conversion rights) and the Company’s history of paying dividends equally on a per share basis on the Common Stock and Class B Common Stock. The Class B Common Stock conversion rights allow the Class B Common Stock to participate in dividends equally with the Common Stock. The Class B Common Stock is convertible into Common Stock on a one-for-one per share basis at any time at the option of the holder. Accordingly, the holders of the Class B Common Stock can participate equally in any dividends declared on the Common Stock by exercising their conversion rights. Basic net income per share excludes potential common shares that were dilutive and is computed by dividing net income available for common stockholders by the weighted average number of Common and Class B Common shares outstanding. Diluted net income per share for Common Stock and Class B Common Stock gives effect to all securities representing potential common shares that were dilutive and outstanding during the period. The Company does not have anti-dilutive shares.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU 2016‑13, “Measurement of Credit Losses on Financial Instruments,” which requires measurement and recognition of expected credit losses at the point a loss is probable to occur, rather than expected to occur, which will generally result in earlier recognition of allowances for credit losses. The new guidance is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company adopted ASU 2016‑13 in 2020 and the adoption did not have a material impact on its consolidated financial statements. In August 2018, the FASB issued ASU 2018‑13, “Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement,” which removes, modifies and adds certain disclosure requirements in Accounting Standards Codification Topic 820, Fair Value Measurement. This ASU is effective for annual and interim reporting periods beginning after December 15, 2019. Certain amendments must be applied prospectively while others are to be applied on a retrospective basis to all periods presented. The Company adopted ASU 2018‑13 in 2020 and has updated disclosures in this report. See Note 16 for additional information. In August 2018, the FASB issued ASU 2018‑14, “Disclosure Framework—Changes to the Disclosure Requirements for Defined Benefit Plans,” which is effective for fiscal years ending after December 15, 2020. Under this guidance, removed disclosures include the amounts in accumulated other comprehensive income expected to be recognized as components of net periodic benefit cost over the next fiscal year, the amount and timing of assets expected to be returned to the employer, certain related party disclosures, and the effects of a one-percentage-point change in the assumed health care cost trend rates. Additional disclosures include an explanation of the reasons for significant gains and losses related to the benefit obligation for the period. The Company adopted ASU 2018‑14 in 2020 and has updated disclosures in this report. See Note 18 for additional information. Recently Issued Accounting Pronouncements In December 2019, the FASB issued ASU 2019‑12, “Simplifying the Accounting for Income Taxes,” which will simplify the accounting for income taxes by removing certain exceptions to the general principles in income tax accounting and improve consistent application of and simplify GAAP for other areas of income tax accounting by clarifying and amending existing guidance. The new guidance is effective for fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company evaluated the impact ASU 2019‑12 will have on its consolidated financial statements and does not expect a material impact upon adoption in 2021.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
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: Fiscal Year (in thousands) 2020 2019 2018 Payments made by the Company to The Coca-Cola Company for: Concentrate, syrup, sweetener and other purchases $ 1,174,616 $ 1,187,889 $ 1,188,818 Customer marketing programs 132,874 144,949 145,019 Purchase of noncontrolling interest in Piedmont 100,000 — — Cold drink equipment parts 21,523 28,209 30,065 Brand investment programs 15,479 13,266 9,063 Payments made by The Coca-Cola Company to the Company for: Marketing funding support payments $ 82,967 $ 98,013 $ 86,483 Fountain delivery and equipment repair fees 32,810 41,714 40,023 Presence marketing funding support on the Company’s behalf 8,434 8,002 8,311 Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers 4,538 5,069 9,683 Cold drink equipment — — 3,789 Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility) — — 1,320
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) December 31, 2020 December 29, 2019 Current portion of acquisition related contingent consideration $ 36,020 $ 41,087 Noncurrent portion of acquisition related contingent consideration 398,674 405,597 Total acquisition related contingent consideration $ 434,694 $ 446,684
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 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

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2020
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: Fiscal Year (in thousands) 2020 2019 2018 Point in time net sales: Nonalcoholic Beverages - point in time $ 4,842,934 $ 4,649,037 $ 4,467,945 Total point in time net sales 4,842,934 4,649,037 4,467,945 Over time net sales: Nonalcoholic Beverages - over time 36,236 45,391 44,373 All Other - over time 128,187 132,121 113,046 Total over time net sales 164,423 177,512 157,419 Total net sales $ 5,007,357 $ 4,826,549 $ 4,625,364
Summary of Activity for Allowance for Credit Losses	Following is a summary of activity for the allowance for credit losses during 2020: (in thousands) Fiscal Year 2020 Beginning balance - allowance for credit losses $ 10,232 Additions charged to costs and expenses 14,265 Write-offs, net of recoveries (6,427) Ending balance - allowance for credit losses $ 18,070

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Summary of Financial Information by Segment	The Company’s segment results are as follows: Fiscal Year (in thousands) 2020 2019 2018 Net sales: Nonalcoholic Beverages $ 4,879,170 $ 4,694,428 $ 4,512,318 All Other 332,728 345,005 358,625 Eliminations (1) (204,541) (212,884) (245,579) Consolidated net sales $ 5,007,357 $ 4,826,549 $ 4,625,364 Income from operations: Nonalcoholic Beverages $ 324,716 $ 174,133 $ 45,519 All Other (11,338) 6,621 12,383 Consolidated income from operations $ 313,378 $ 180,754 $ 57,902 Fiscal Year (in thousands) 2020 2019 2018 Depreciation and amortization: Nonalcoholic Beverages $ 167,355 $ 169,879 $ 177,448 All Other 11,662 10,037 9,808 Consolidated depreciation and amortization $ 179,017 $ 179,916 $ 187,256 (1) The entire net sales elimination represents net sales from the All Other segment 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 (Ta

Net Income (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
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. See Note 1 for additional information related to net income (loss) per share. Fiscal Year (in thousands, except per share data) 2020 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. $ 172,493 $ 11,375 $ (19,930) Less dividends: Common Stock 7,141 7,141 7,141 Class B Common Stock 2,233 2,228 2,212 Total undistributed earnings (losses) $ 163,119 $ 2,006 $ (29,283) Common Stock undistributed earnings (losses) – basic $ 124,275 $ 1,529 $ (22,365) Class B Common Stock undistributed earnings (losses) – basic 38,844 477 (6,918) Total undistributed earnings (losses) – basic $ 163,119 $ 2,006 $ (29,283) Common Stock undistributed earnings (losses) – diluted $ 123,563 $ 1,521 $ (22,365) Class B Common Stock undistributed earnings (losses) – diluted 39,556 485 (6,918) Total undistributed earnings (losses) – diluted $ 163,119 $ 2,006 $ (29,283) Numerator for basic net income (loss) per Common Stock share: Dividends on Common Stock $ 7,141 $ 7,141 $ 7,141 Common Stock undistributed earnings (losses) – basic 124,275 1,529 (22,365) Numerator for basic net income (loss) per Common Stock share $ 131,416 $ 8,670 $ (15,224) Numerator for basic net income (loss) per Class B Common Stock share: Dividends on Class B Common Stock $ 2,233 $ 2,228 $ 2,212 Class B Common Stock undistributed earnings (losses) – basic 38,844 477 (6,918) Numerator for basic net income (loss) per Class B Common Stock share $ 41,077 $ 2,705 $ (4,706) Numerator for diluted net income (loss) 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 2,233 2,228 2,212 Common Stock undistributed earnings (losses) – diluted 163,119 2,006 (29,283) Numerator for diluted net income (loss) per Common Stock share $ 172,493 $ 11,375 $ (19,930) Numerator for diluted net income (loss) per Class B Common Stock share: Dividends on Class B Common Stock $ 2,233 $ 2,228 $ 2,212 Class B Common Stock undistributed earnings (losses) – diluted 39,556 485 (6,918) Numerator for diluted net income (loss) per Class B Common Stock share $ 41,789 $ 2,713 $ (4,706) Fiscal Year (in thousands, except per share data) 2020 2019 2018 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 Class B Common Stock weighted average shares outstanding – basic 2,232 2,229 2,209 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) 9,427 9,417 9,350 Class B Common Stock weighted average shares outstanding – diluted 2,286 2,276 2,209 Basic net income (loss) per share: Common Stock $ 18.40 $ 1.21 $ (2.13) Class B Common Stock $ 18.40 $ 1.21 $ (2.13) Diluted net income (loss) per share: Common Stock $ 18.30 $ 1.21 $ (2.13) Class B Common Stock $ 18.28 $ 1.19 $ (2.13) 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 earnings (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) For periods presented during which the Company has net income, the denominator for diluted net income per share for Common Stock and Class B Common Stock included the dilutive effect of shares relative to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement. For periods presented during which the Company has net loss, the unvested performance units granted pursuant to the Long-Term Performance Equity Plan and the Performance Unit Award Agreement are excluded from the calculation of diluted net loss per share, as the effect of these awards would be anti-dilutive. See Note 3 for additional information on the Long-Term Performance Equity Plan and the Performance Unit Award Agreement. (4) The Long-Term Performance Equity Plan awards may be settled in cash and/or shares of the Company’s Class B Common Stock. Once an election has been made to settle an award in cash, the dilutive effect of shares relative to such award is prospectively removed from the denominator for the calculation of diluted net income (loss) per share. (5) The Company did not have anti-dilutive shares for any periods presented.

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Finished products $ 140,080 $ 142,363 Manufacturing materials 47,081 45,267 Plastic shells, plastic pallets and other inventories 38,596 38,296 Total inventories $ 225,757 $ 225,926

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2020
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) December 31, 2020 December 29, 2019 Repair parts $ 26,811 $ 28,967 Prepaid taxes 8,428 4,359 Prepaid software 6,650 5,850 Prepaid marketing 4,773 5,658 Commodity hedges at fair market value 2,417 1,007 Prepayments for sponsorship contracts 569 8,696 Other prepaid expenses and other current assets 24,498 14,924 Total prepaid expenses and other current assets $ 74,146 $ 69,461

Assets Held for Sale (Tables)

Assets Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2020
Discontinued Operations and Disposal Groups [Abstract]
Summary of Assets Held for Sale	Following is a summary of the assets held for sale: (in thousands) December 31, 2020 Land $ 2,559 Buildings and leasehold and land improvements 3,870 Assets held for sale $ 6,429

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2020
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) December 31, 2020 December 29, 2019 Estimated Useful Lives Land $ 81,981 $ 76,860 Buildings 240,173 223,500 8-50 years Machinery and equipment 392,998 355,575 5-20 years Transportation equipment 445,218 417,532 4-20 years Furniture and fixtures 96,606 92,059 3-10 years Cold drink dispensing equipment 465,881 489,050 5-17 years Leasehold and land improvements 155,077 145,341 5-20 years Software for internal use 46,569 128,792 3-10 years Construction in progress 54,505 29,369 Total property, plant and equipment, at cost 1,979,008 1,958,078 Less: Accumulated depreciation and amortization 956,286 960,675 Property, plant and equipment, net $ 1,022,722 $ 997,403

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Summary of Weighted Average Remaining Lease Term and Discount Rate and Leases within Condensed Consolidated Statement of Operations	Following is a summary of the weighted average remaining lease term and the weighted average discount rate for the Company’s leases: December 31, 2020 December 29, 2019 Weighted average remaining lease term: Operating leases 9.4 years 10.2 years Financing leases 13.4 years 4.8 years Weighted average discount rate: Operating leases 4.0 % 4.1 % Financing leases 3.2 % 5.7 % Following is a summary of the Company’s leases within the Company’s consolidated statements of operations: Fiscal Year (in thousands) 2020 2019 Operating lease costs $ 24,823 $ 18,820 Short-term and variable leases 15,305 13,605 Depreciation expense from financing leases (1) 4,678 5,967 Interest expense on financing lease obligations (1) 1,728 2,714 Total lease cost $ 46,534 $ 41,106 (1) During 2018, the Company had depreciation expense from capital leases of $5.9 million and interest expense on capital lease obligations of $3.3 million.
Summary of Future Minimum Lease Payments for Noncancelable Operating Leases	Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020: (in thousands) Operating Leases Financing Leases Total 2021 $ 24,056 $ 7,079 $ 31,135 2022 20,970 7,145 28,115 2023 18,125 7,201 25,326 2024 15,330 7,396 22,726 2025 13,747 7,593 21,340 Thereafter 77,353 55,827 133,180 Total minimum lease payments including interest $ 169,581 $ 92,241 $ 261,822 Less: Amounts representing interest 29,892 16,397 46,289 Present value of minimum lease principal payments 139,689 75,844 215,533 Less: Current portion of lease liabilities - operating and financing leases 19,766 5,860 25,626 Noncurrent portion of lease liabilities - operating and financing leases $ 119,923 $ 69,984 $ 189,907 Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 29, 2019: (in thousands) Operating Leases Financing Leases Total 2020 $ 19,236 $ 10,611 $ 29,847 2021 16,815 6,215 23,030 2022 14,016 2,694 16,710 2023 11,704 2,750 14,454 2024 10,989 2,808 13,797 Thereafter 67,556 5,406 72,962 Total minimum lease payments including interest $ 140,316 $ 30,484 $ 170,800 Less: Amounts representing interest 27,527 3,678 31,205 Present value of minimum lease principal payments 112,789 26,806 139,595 Less: Current portion of lease liabilities - operating and financing leases 15,024 9,403 24,427 Noncurrent portion of lease liabilities - operating and financing leases $ 97,765 $ 17,403 $ 115,168
Summary of Future Minimum Lease Payments for Noncancelable Finance Leases	Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 31, 2020: (in thousands) Operating Leases Financing Leases Total 2021 $ 24,056 $ 7,079 $ 31,135 2022 20,970 7,145 28,115 2023 18,125 7,201 25,326 2024 15,330 7,396 22,726 2025 13,747 7,593 21,340 Thereafter 77,353 55,827 133,180 Total minimum lease payments including interest $ 169,581 $ 92,241 $ 261,822 Less: Amounts representing interest 29,892 16,397 46,289 Present value of minimum lease principal payments 139,689 75,844 215,533 Less: Current portion of lease liabilities - operating and financing leases 19,766 5,860 25,626 Noncurrent portion of lease liabilities - operating and financing leases $ 119,923 $ 69,984 $ 189,907 Following is a summary of future minimum lease payments for all noncancelable operating leases and financing leases as of December 29, 2019: (in thousands) Operating Leases Financing Leases Total 2020 $ 19,236 $ 10,611 $ 29,847 2021 16,815 6,215 23,030 2022 14,016 2,694 16,710 2023 11,704 2,750 14,454 2024 10,989 2,808 13,797 Thereafter 67,556 5,406 72,962 Total minimum lease payments including interest $ 140,316 $ 30,484 $ 170,800 Less: Amounts representing interest 27,527 3,678 31,205 Present value of minimum lease principal payments 112,789 26,806 139,595 Less: Current portion of lease liabilities - operating and financing leases 15,024 9,403 24,427 Noncurrent portion of lease liabilities - operating and financing leases $ 97,765 $ 17,403 $ 115,168
Summary of Balances Related to Lease Portfolio within Consolidated Statement of Cash Flow	Following is a summary of the Company’s leases within the consolidated statements of cash flows: Fiscal Year (in thousands) 2020 2019 Cash flows from operating activities impact: Operating leases $ 24,718 $ 18,138 Interest payments on financing lease obligations (1) 1,728 2,714 Total cash flows from operating activities impact $ 26,446 $ 20,852 Cash flows from financing activities impact: Principal payments on financing lease obligations (1) $ 5,861 $ 8,656 Total cash flows from financing activities impact $ 5,861 $ 8,656 (1) During 2018, the Company had principal payments on capital lease obligations of $8.1 million and interest payments on capital lease obligations of $3.3 million.

Distribution Agreements, Net (T

Distribution Agreements, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of 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) December 31, 2020 December 29, 2019 Distribution agreements at cost $ 952,533 $ 950,549 Less: Accumulated amortization 98,780 74,453 Distribution agreements, net $ 853,753 $ 876,096 Customer lists, net, which are amortized on a straight-line basis and have an estimated useful life of five (in thousands) December 31, 2020 December 29, 2019 Customer lists at cost $ 25,288 $ 25,288 Less: Accumulated amortization 12,484 10,645 Customer lists, net $ 12,804 $ 14,643
Reconciliation of Activity for Distribution Agreements, Net	A reconciliation of the activity for distribution agreements, net in 2020 and 2019 is as follows: Fiscal Year (in thousands) 2020 2019 Beginning balance - distribution agreements, net $ 876,096 $ 900,383 Other distribution agreements 1,984 (10) Additional accumulated amortization (24,327) (24,277) Ending balance - distribution agreements, net $ 853,753 $ 876,096

Customer Lists, Net (Tables)

Customer Lists, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Customer Lists, 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) December 31, 2020 December 29, 2019 Distribution agreements at cost $ 952,533 $ 950,549 Less: Accumulated amortization 98,780 74,453 Distribution agreements, net $ 853,753 $ 876,096 Customer lists, net, which are amortized on a straight-line basis and have an estimated useful life of five (in thousands) December 31, 2020 December 29, 2019 Customer lists at cost $ 25,288 $ 25,288 Less: Accumulated amortization 12,484 10,645 Customer lists, net $ 12,804 $ 14,643

Other Accrued Liabilities (Tabl

Other Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Payables and Accruals [Abstract]
Summary of Other Accrued Liabilities	Other accrued liabilities consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Accrued insurance costs $ 48,318 $ 44,584 Accrued marketing costs 38,539 34,947 Current portion of acquisition related contingent consideration 36,020 41,087 Employee and retiree benefit plan accruals 31,653 33,699 Current portion of deferred payroll taxes under CARES Act 18,706 — Accrued taxes (other than income taxes) 6,178 6,366 Checks and transfers yet to be presented for payment from zero balance cash accounts 2,793 20,199 Federal income taxes — 1,651 Commodity hedges at fair market value — 1,174 All other accrued expenses 22,934 25,127 Total other accrued liabilities $ 205,141 $ 208,834

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Pre-Tax Changes in Fair Value	The following table summarizes pre-tax changes in the fair values of the Company’s commodity derivative instruments and the classification of such changes in the consolidated statements of operations: Fiscal Year (in thousands) 2020 2019 2018 Cost of sales $ 1,996 $ 6,602 $ (10,376) Selling, delivery and administrative expenses 791 3,536 (4,349) Total gain (loss) $ 2,787 $ 10,138 $ (14,725)
Summary of Fair Values and Classification in Consolidated Balance Sheets of Derivative Instruments	The following table summarizes the fair values of the Company’s commodity derivative instruments and the classification of such instruments in the consolidated balance sheets: (in thousands) December 31, 2020 December 29, 2019 Assets: Prepaid expenses and other current assets $ 2,417 $ 1,007 Other assets 56 — Total assets $ 2,473 $ 1,007 Liabilities: Other accrued liabilities $ — $ 1,174 Total liabilities $ — $ 1,174
Summary of Gross Derivative Assets and Gross Derivative Liabilities in Consolidated Balance Sheets	The following table summarizes the Company’s gross commodity derivative instrument assets and gross commodity derivative instrument liabilities in the consolidated balance sheets: (in thousands) December 31, 2020 December 29, 2019 Gross commodity derivative instrument assets $ 2,473 $ 3,298 Gross commodity derivative instrument liabilities — 3,465
Summary of Outstanding Commodity Derivative Agreements	The following table summarizes the Company’s outstanding commodity derivative instruments: (in thousands) December 31, 2020 December 29, 2019 Notional amount of outstanding commodity derivative instruments $ 23,030 $ 171,699 Latest maturity date of outstanding commodity derivative instruments December 2021 December 2020

Fair Values of Financial Inst_2

Fair Values of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Methods and Assumptions Used in Estimating Fair Value	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 Method and Assumptions Deferred compensation plan assets and liabilities Level 1 The fair value of the Company’s nonqualified 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 values of the securities held within the mutual funds. Pension plan assets Level 1 The fair values of the Company’s Level 1 pension plan assets, which are equity securities and fixed income investment vehicles, are valued using the quoted market prices of those securities which are actively traded on national exchanges. Pension plan assets Level 2 The fair values of the Company’s Level 2 pension plan assets, which are investments that are pooled with other investments in a commingled fund, are valued using the net asset value produced by the fund manager. The assets within the commingled funds have a readily determinable fair market value. Commodity derivative instruments Level 2 The fair values of the Company’s commodity derivative instruments are based on current settlement values at each balance sheet date, which represent the estimated amounts the Company would have received or paid upon termination of these instruments. The Company’s credit risk related to the commodity derivative instruments is managed by requiring high standards for its counterparties and periodic settlements. The Company considers nonperformance risk in determining the fair values of commodity derivative instruments. Long-term debt Level 2 The carrying amounts of the Company’s variable rate debt approximate the fair values due to variable interest rates with short reset periods. The fair values of the Company’s fixed rate debt are based on estimated current market prices. Acquisition related contingent consideration Level 3 The fair value of the Company’s acquisition related contingent consideration is based on internal forecasts and the WACC derived from market data.
Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration	The following tables summarize the carrying amounts and fair values by level of the Company’s deferred compensation plan assets and liabilities, pension plan assets, commodity derivative instruments, long-term debt and acquisition related contingent consideration: December 31, 2020 (in thousands) Carrying Total Fair Value Fair Value Fair Value Assets: Deferred compensation plan assets $ 51,742 $ 51,742 $ 51,742 $ — $ — Pension plan assets 319,699 319,699 308,849 10,850 — Commodity derivative instruments 2,473 2,473 — 2,473 — Liabilities: Deferred compensation plan liabilities 51,742 51,742 51,742 — — Long-term debt 940,465 1,015,700 — 1,015,700 — Acquisition related contingent consideration 434,694 434,694 — — 434,694 December 29, 2019 (in thousands) Carrying Total Fair Value Fair Value Fair Value Assets: Deferred compensation plan assets $ 42,543 $ 42,543 $ 42,543 $ — $ — Pension plan assets 276,085 276,085 276,085 — — Commodity derivative instruments 1,007 1,007 — 1,007 — Liabilities: Deferred compensation plan liabilities 42,543 42,543 42,543 — — Commodity derivative instruments 1,174 1,174 — 1,174 — Long-term debt 1,029,920 1,058,700 — 1,058,700 — Acquisition related contingent consideration 446,684 446,684 — — 446,684
Summary of Reconciliation of Acquisition Related Contingent Consideration Liability	The acquisition related contingent consideration liability is the Company’s only Level 3 asset or liability. A summary of the Level 3 activity is as follows: Fiscal Year (in thousands) 2020 2019 Beginning balance - Level 3 liability $ 446,684 $ 382,898 Payment of acquisition related contingent consideration (43,400) (27,182) Reclassification to current payables 200 (1,820) Increase in fair value 31,210 92,788 Ending balance - Level 3 liability $ 434,694 $ 446,684

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Significant Components of the Provision for Income Taxes	The following table presents the significant components of the provision for income taxes: Fiscal Year (in thousands) 2020 2019 2018 Current: Federal $ 38,665 $ 7,505 $ (4,228) State 11,541 4,173 (3,269) Total current provision (benefit) $ 50,206 $ 11,678 $ (7,497) Deferred: Federal $ 8,052 $ 4,514 $ 5,701 State 685 (527) 3,665 Total deferred provision (benefit) $ 8,737 $ 3,987 $ 9,366 Income tax expense $ 58,943 $ 15,665 $ 1,869
Reconciliation of Income Tax Expense at Statutory Federal Rate to Actual Income Tax Expense	The following table provides a reconciliation of income tax expense at the statutory federal rate to actual income tax expense: Fiscal Year 2020 2019 2018 (in thousands) Income % pre-tax Income % pre-tax Income % pre-tax Statutory (income) / expense $ 50,618 21.0 % $ 7,187 21.0 % $ (2,790) 21.0 % State income taxes, net of federal benefit 9,258 3.8 1,352 4.0 (376) 2.8 Nondeductible compensation 3,007 1.3 4,313 12.6 2,851 (21.5) Noncontrolling interest – Piedmont (2,447) (1.0) (1,826) (5.3) (1,238) 9.3 Valuation allowance change (1,900) (0.8) 1,290 3.8 1,566 (11.8) Meals, entertainment and travel expense 1,476 0.6 2,440 7.1 2,734 (20.6) Nondeductible fees and expenses 311 0.1 887 2.6 568 (4.3) Adjustment for uncertain tax positions 114 — (805) (2.4) 694 (5.2) Adjustment for federal tax legislation — — — — (1,989) 15.0 Other, net (1,494) (0.5) 827 2.4 (151) 1.2 Income tax expense $ 58,943 24.5 % $ 15,665 45.8 % $ 1,869 (14.1) %
Reconciliation of Uncertain Tax Positions Excluding Accrued Interest	A reconciliation of uncertain tax positions, excluding accrued interest, is as follows: Fiscal Year (in thousands) 2020 2019 2018 Beginning balance - gross uncertain tax positions $ 2,283 $ 2,857 $ 2,286 Increase as a result of tax positions taken in the current year 61 60 571 Increase as a result of tax positions taken in a prior year 504 — — Reduction as a result of the expiration of the applicable statute of limitations (687) (634) — Ending balance - gross uncertain tax positions $ 2,161 $ 2,283 $ 2,857
Temporary Differences and Carryforwards that Comprised Deferred Income Tax Assets and Liabilities	Temporary differences and carryforwards that comprised deferred income tax assets and liabilities were as follows: (in thousands) December 31, 2020 December 29, 2019 Acquisition related contingent consideration $ 107,769 $ 110,036 Operating lease liabilities 34,632 27,346 Deferred revenue 27,882 24,936 Deferred compensation 26,269 26,788 Accrued liabilities 22,341 19,266 Postretirement benefits 14,726 13,250 Pension 11,055 14,124 Transactional costs 4,451 4,857 Charitable contribution carryover 3,236 6,622 Net operating loss carryforwards 1,628 2,012 Financing lease agreements 1,618 2,432 Other 10,138 3,022 Deferred income tax assets $ 265,745 $ 254,691 Less: Valuation allowance for deferred tax assets 5,325 7,190 Net deferred income tax asset $ 260,420 $ 247,501 Intangible assets $ (182,585) $ (151,940) Depreciation (159,359) (147,140) Right-of-use assets - operating leases (33,316) (26,997) Inventory (13,709) (12,631) Prepaid expenses (6,319) (7,627) Patronage dividend (4,555) (3,009) Investment in Piedmont — (23,287) Deferred income tax liabilities $ (399,843) $ (372,631) Net deferred income tax liability $ (139,423) $ (125,130)

Benefit Plans (Tables)

Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Liability Under Executive Benefit Plans	The liability under these two deferral plans was as follows: (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 11,132 $ 8,893 Noncurrent liabilities 80,890 79,921 Total liability - Supplemental Savings Incentive Plan and Director Deferral Plan $ 92,022 $ 88,814 (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 137 $ 102 Noncurrent liabilities 4,728 3,199 Total liability - Long-Term Retention Plan $ 4,865 $ 3,301 (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 4,176 $ 3,267 Noncurrent liabilities 38,605 41,062 Total liability - Officer Retention Plan $ 42,781 $ 44,329 (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ 8,515 $ 7,252 Noncurrent liabilities 7,866 8,416 Total liability - Long-Term Performance Plan $ 16,381 $ 15,668
Changes in Projected Benefit Obligation	The following tables set forth pertinent information for the two Company-sponsored pension plans: Fiscal Year (in thousands) 2020 2019 Beginning balance - projected benefit obligation $ 332,304 $ 278,957 Service cost 6,331 4,853 Interest cost 10,957 12,299 Actuarial loss 31,300 47,651 Benefits paid (12,647) (11,456) Ending balance - projected benefit obligation $ 368,245 $ 332,304
Change in Plan Assets	Change in Plan Assets Fiscal Year (in thousands) 2020 2019 Beginning balance - plan assets at fair value $ 276,699 $ 256,168 Actual return on plan assets 40,680 29,549 Employer contributions 16,250 4,900 Benefits paid (13,930) (13,918) Ending balance - plan assets at fair value $ 319,699 $ 276,699
Funded Status	Funded Status (in thousands) December 31, 2020 December 29, 2019 Projected benefit obligation $ (368,245) $ (332,304) Plan assets at fair value 319,699 276,699 Net funded status $ (48,546) $ (55,605)
Amounts Recognized in the Consolidated Balance Sheet	Amounts Recognized in the Consolidated Balance Sheets (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ — $ — Noncurrent liabilities (48,546) (55,605) Total liability - pension plans $ (48,546) $ (55,605)
Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost	Net Periodic Pension Cost Fiscal Year (in thousands) 2020 2019 2018 Service cost $ 6,331 $ 4,853 $ 5,484 Interest cost 10,957 12,299 11,350 Expected return on plan assets (13,617) (10,290) (15,415) Recognized net actuarial loss 4,619 3,688 3,830 Amortization of prior service cost 19 22 25 Net periodic pension cost $ 8,309 $ 10,572 $ 5,274 Net Periodic Postretirement Benefit Cost Fiscal Year (in thousands) 2020 2019 2018 Service cost $ 1,454 $ 1,496 $ 1,854 Interest cost 2,031 2,750 2,694 Recognized net actuarial loss 383 730 1,889 Amortization of prior service cost — (1,293) (1,847) Net periodic postretirement benefit cost $ 3,868 $ 3,683 $ 4,590
Significant Assumptions	Significant Assumptions Fiscal Year 2020 2019 2018 Projected benefit obligation at the measurement date: Discount rate - Primary Plan 2.66 % 3.36 % 4.47 % Discount rate - Bargaining Plan 3.12 % 3.61 % 4.63 % Weighted average rate of compensation increase N/A N/A N/A Net periodic pension cost for the fiscal year: Discount rate - Primary Plan 3.36 % 4.47 % 3.80 % Discount rate - Bargaining Plan 3.61 % 4.63 % 3.90 % Weighted average expected long-term rate of return of plan assets - Primary Plan (1) 5.50 % 5.00 % 6.00 % Weighted average expected long-term rate of return of plan assets - Bargaining Plan (1) 6.25 % 5.25 % 6.00 % Weighted average rate of compensation increase N/A N/A N/A (1) The weighted average expected long-term rate of return assumption for the pension plan assets, which was used to compute net periodic pension cost, is based upon target asset allocation and is determined using forward-looking performance and duration assumptions set at the beginning of each fiscal year.
Anticipated Future Pension and Postretirement Benefit Payments	Cash Flows (in thousands) Anticipated Future Pension Benefit 2021 $ 13,526 2022 14,312 2023 15,100 2024 15,736 2025 16,377 2026 - 2030 89,826 Cash Flows (in thousands) Anticipated Future Postretirement Benefit 2021 $ 2,886 2022 2,983 2023 3,151 2024 3,341 2025 3,494 2026 - 2030 19,300
Target Asset Allocation, Actual Asset Allocation, and Weighted Average Expected Long-Term Rate of Return and Summary of Pension Plan Assets	The Company’s pension plans target asset allocation for 2021, actual asset allocation at December 31, 2020 and December 29, 2019, and the weighted average expected long-term rate of return by asset category for the Primary Plan were as follows: Percentage of Plan Target Weighted Average Expected 2020 2019 2021 2021 U.S. debt securities 58 % 57 % 65 % 3.09 % U.S. equity securities 24 % 23 % 26 % 1.24 % International debt securities 8 % 9 % — % — % International equity securities 8 % 8 % 7 % 0.32 % Cash and cash equivalents 2 % 3 % 2 % 0.10 % Total 100 % 100 % 100 % 4.75 % The Company’s pension plans target asset allocation for 2021, actual asset allocation at December 31, 2020 and December 29, 2019, and the weighted average expected long-term rate of return by asset category for the Bargaining Plan were as follows: Percentage of Plan Target Weighted Average Expected 2020 2019 2021 2021 U.S. debt securities 46 % 46 % 40 % 2.30 % U.S. equity securities 39 % 39 % 46 % 2.65 % International debt securities 2 % 2 % — % — % International equity securities 12 % 12 % 12 % 0.68 % Cash and cash equivalents 1 % 1 % 2 % 0.12 % Total 100 % 100 % 100 % 5.75 % The following table summarizes the Company’s pension plan assets, which are classified as Level 1 and Level 2 for fair value measurement. The Company does not have any Level 3 pension plan assets. See Note 16 for additional information. (in thousands) December 31, 2020 December 29, 2019 Pension plan assets - fixed income $ 205,812 $ 179,153 Pension plan assets - equity securities (1) 106,424 89,861 Pension plan assets - cash and cash equivalents 7,463 7,071 Total pension plan assets $ 319,699 $ 276,085 (1) The Company had other Level 1 pension plan assets related to its equity securities of $0.6 million in 2019.
Reconciliation of Activity in Postretirement Benefit Plan	Reconciliation of Activity Fiscal Year (in thousands) 2020 2019 Benefit obligation at beginning of year $ 62,056 $ 64,461 Service cost 1,454 1,496 Interest cost 2,031 2,750 Plan participants’ contributions 753 750 Actuarial (gain) loss 4,555 (4,191) Benefits paid (3,184) (3,296) Medicare Part D subsidy reimbursement — 86 Benefit obligation at end of year $ 67,665 $ 62,056
Reconciliation of Plan Assets Fair Value in Postretirement Benefit Plan	Reconciliation of Plan Assets Fair Value Fiscal Year (in thousands) 2020 2019 Fair value of plan assets at beginning of year $ — $ — Employer contributions 2,431 2,460 Plan participants’ contributions 753 750 Benefits paid (3,184) (3,296) Medicare Part D subsidy reimbursement — 86 Fair value of plan assets at end of year $ — $ —
Funded Status in Postretirement Benefit Plan	Funded Status (in thousands) December 31, 2020 December 29, 2019 Current liabilities $ (2,886) $ (2,831) Noncurrent liabilities (64,779) (59,225) Total liability - postretirement benefits $ (67,665) $ (62,056)
Significant Assumptions	Significant Assumptions Fiscal Year 2020 2019 2018 Benefit obligation discount rate at measurement date 2.70 % 3.32 % 4.41 % Net periodic postretirement benefit cost discount rate for fiscal year 3.32 % 4.41 % 3.72 % Postretirement benefit expense - Pre-Medicare: Weighted average healthcare cost trend rate 6.53 % 7.13 % 7.82 % Trend rate graded down to ultimate rate 4.50 % 4.50 % 4.50 % Ultimate rate year 2028 2026 2025 Postretirement benefit expense - Post-Medicare: Weighted average healthcare cost trend rate 6.73 % 7.11 % 7.74 % Trend rate graded down to ultimate rate 4.50 % 4.50 % 4.50 % Ultimate rate year 2028 2026 2025
Reconciliation of Amounts in Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost	A reconciliation of the amounts in accumulated other comprehensive loss not yet recognized as components of net periodic benefit cost is as follows: (in thousands) December 29, Actuarial Reclassification December 31, Pension Plans: Actuarial loss $ (146,762) $ (5,521) $ 4,619 $ (147,664) Prior service costs (26) — 19 (7) Postretirement Benefits: Actuarial loss (9,736) (4,555) 383 (13,908) Total within accumulated other comprehensive loss $ (156,524) $ (10,076) $ 5,021 $ (161,579)
Multiemployer Plans	The Company’s participation in the Teamsters Plan is outlined in the table below. A red zone represents less than 80% funding and requires a financial improvement plan (“FIP”) or rehabilitation plan (“RP”). Fiscal Year (in thousands) 2020 2019 2018 Pension Protection Act Zone Status Red Red Red FIP or RP pending or implemented Yes Yes Yes Surcharge imposed Yes Yes Yes Contribution $ 924 $ 987 $ 763

Other Liabilities (Tables)

Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Summary of Other Liabilities	Other liabilities consisted of the following: (in thousands) December 31, 2020 December 29, 2019 Noncurrent portion of acquisition related contingent consideration $ 398,674 $ 405,597 Accruals for executive benefit plans 144,101 141,380 Noncurrent deferred proceeds from Territory Conversion Fee 80,591 82,877 Noncurrent deferred proceeds from Legacy Facilities Credit 28,770 29,569 Noncurrent portion of deferred payroll taxes under CARES Act 18,706 — Other 8,438 9,143 Total other liabilities $ 679,280 $ 668,566

Long-Term Debt (Tables)

Long-Term Debt (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Debt	Following is a summary of the Company’s long-term debt: (in thousands) Maturity Interest Interest Public / December 31, December 29, Term loan facility (1) 6/7/2021 Variable Varies Nonpublic $ 217,500 $ 262,500 Senior notes 2/27/2023 3.28% Semi-annually Nonpublic 125,000 125,000 Revolving credit facility (2) 6/8/2023 Variable Varies Nonpublic — 45,000 Senior bonds (3) 11/25/2025 3.80% Semi-annually Public 350,000 350,000 Senior notes 10/10/2026 3.93% Quarterly Nonpublic 100,000 100,000 Senior notes 3/21/2030 3.96% Quarterly Nonpublic 150,000 150,000 Unamortized discount on senior bonds (3) 11/25/2025 (43) (52) Debt issuance costs (1,992) (2,528) Total long-term debt $ 940,465 $ 1,029,920 (1) The Company intends to refinance principal payments due in the next 12 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, and the Company is not restricted by any subjective acceleration clause within the revolving credit agreement. As such, any amounts due in the next 12 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 bonds due in 2025 were issued at 99.975% of par.
Principal Maturities of Debt Outstanding	The principal maturities of debt outstanding on December 31, 2020 were as follows: (in thousands) Debt Maturities Fiscal 2021 $ 217,500 Fiscal 2022 — Fiscal 2023 125,000 Fiscal 2024 — Fiscal 2025 350,000 Thereafter 250,000 Long-term debt $ 942,500

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
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: Fiscal Year (in thousands) 2020 2019 2018 Purchases from Southeastern $ 125,659 $ 132,328 $ 125,352 Purchases from SAC 155,858 160,189 155,583 Total purchases from manufacturing cooperatives $ 281,517 $ 292,517 $ 280,935

Risks and Uncertainties (Tables

Risks and Uncertainties (Tables)	12 Months Ended
	Dec. 31, 2020
Risks and Uncertainties [Abstract]
Summary of Percentage of Total Bottle/Can Sales Volume and Percentage Total Net Sales to Its Largest Customers	The following table summarizes the percentage of the Company’s total bottle/can sales volume to its largest customers, as well as the percentage of the Company’s total net sales, which are included in the Nonalcoholic Beverages segment, that such volume represents. No other customer represented greater than 10% of the Company’s total net sales for any years presented. Fiscal Year 2020 2019 2018 Approximate percent of the Company’s total bottle/can sales volume Wal-Mart Stores, Inc. 19 % 19 % 19 % The Kroger Company 13 % 12 % 11 % Total approximate percent of the Company’s total bottle/can sales volume 32 % 31 % 30 % Approximate percent of the Company’s total net sales Wal-Mart Stores, Inc. 14 % 13 % 14 % The Kroger Company 10 % 8 % 8 % Total approximate percent of the Company’s total net sales 24 % 21 % 22 %

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Summary of Accumulated Other Comprehensive (Loss)	Following is a summary of AOCI(L) for 2020, 2019 and 2018: Gains (Losses) During the Period Reclassification to Income (in thousands) December 29, Pre-tax Tax Pre-tax Tax December 31, Net pension activity: Actuarial loss $ (93,174) $ (5,521) $ 1,369 $ 4,619 $ (1,140) $ (93,847) Prior service costs (7) — — 19 (4) 8 Net postretirement benefits activity: Actuarial loss (1,191) (4,555) 1,129 383 (94) (4,328) Prior service credits (624) — — — — (624) Interest rate swap (270) — — (378) 92 (556) Foreign currency translation adjustment (16) — — 41 (11) 14 Reclassification of stranded tax effects (19,720) — — — — (19,720) Total AOCI(L) $ (115,002) $ (10,076) $ 2,498 $ 4,684 $ (1,157) $ (119,053) Gains (Losses) During the Period Reclassification to Income (in thousands) December 30, Pre-tax Tax Pre-tax Tax December 29, Net pension activity: Actuarial loss $ (72,690) $ (30,855) $ 7,590 $ 3,688 $ (907) $ (93,174) Prior service costs (24) — — 22 (5) (7) Net postretirement benefits activity: Actuarial loss (4,902) 4,192 (1,031) 730 (180) (1,191) Prior service credits 351 — — (1,293) 318 (624) Interest rate swap — — — (359) 89 (270) Foreign currency translation adjustment — — — (19) 3 (16) Reclassification of stranded tax effects — — (19,720) — — (19,720) Total AOCI(L) $ (77,265) $ (26,663) $ (13,161) $ 2,769 $ (682) $ (115,002) Gains (Losses) During the Period Reclassification to Income (in thousands) December 31, Pre-tax Tax Pre-tax Tax December 30, Net pension activity: Actuarial loss $ (78,618) $ 4,036 $ (993) $ 3,830 $ (945) $ (72,690) Prior service costs (43) — — 25 (6) (24) Net postretirement benefits activity: Actuarial loss (17,299) 14,552 (3,580) 1,889 (464) (4,902) Prior service credits 1,744 — — (1,847) 454 351 Foreign currency translation adjustment 14 — — (19) 5 — Total AOCI(L) $ (94,202) $ 18,588 $ (4,573) $ 3,878 $ (956) $ (77,265)
Summary of Impact of Accumulated Other Comprehensive Income (Loss) on Income Statement	Following is a summary of the impact of AOCI(L) on the consolidated statements of operations: Fiscal 2020 (in thousands) Net Pension Net Postretirement Interest Rate Foreign Currency Total Cost of sales $ 1,393 $ 146 $ — $ — $ 1,539 Selling, delivery and administrative expenses 3,245 237 (378) 41 3,145 Subtotal pre-tax 4,638 383 (378) 41 4,684 Income tax expense 1,144 94 (92) 11 1,157 Total after tax effect $ 3,494 $ 289 $ (286) $ 30 $ 3,527 Fiscal 2019 (in thousands) Net Pension Net Postretirement Interest Rate Foreign Currency Total Cost of sales $ 1,003 $ (211) $ — $ — $ 792 Selling, delivery and administrative expenses 2,707 (352) (359) (19) 1,977 Subtotal pre-tax 3,710 (563) (359) (19) 2,769 Income tax expense 912 (138) (89) (3) 682 Total after tax effect $ 2,798 $ (425) $ (270) $ (16) $ 2,087 Fiscal 2018 (in thousands) Net Pension Net Postretirement Foreign Currency Total Cost of sales $ 886 $ 7 $ — $ 893 Selling, delivery and administrative expenses 2,968 35 (19) 2,984 Subtotal pre-tax 3,854 42 (19) 3,877 Income tax expense 950 10 (5) 955 Total after tax effect $ 2,904 $ 32 $ (14) $ 2,922

Supplemental Disclosures of C_2

Supplemental Disclosures of Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2020
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 were as follows: Fiscal Year (in thousands) 2020 2019 2018 Accounts receivable, trade $ 8,107 $ 3,338 $ (40,868) Allowance for doubtful accounts 7,838 4,641 1,535 Accounts receivable from The Coca-Cola Company 13,208 (17,496) 11,643 Accounts receivable, other 6,010 (12,601) 8,467 Inventories 169 (15,893) (26,415) Prepaid expenses and other current assets (4,685) 458 29,785 Accounts payable, trade 31,378 28,808 (36,355) Accounts payable to The Coca-Cola Company (1,518) 938 (36,095) Other accrued liabilities (3,693) (40,955) 62,892 Accrued compensation (205) 18,228 (1,943) Accrued interest payable (1,002) (1,147) 967 Change in current assets less current liabilities $ 55,607 $ (31,681) $ (26,387)
Net Cash Payments (Refunds) During the Period for Interest and Income Taxes	The Company had the following net cash payments (refunds) during the period for interest and income taxes: Fiscal Year (in thousands) 2020 2019 2018 Income taxes $ 55,755 $ 6,309 $ (36,991) Interest 34,257 43,397 45,067
Significant Noncash Investing and Financing Activities	The Company had the following significant non-cash investing and financing activities: Fiscal Year (in thousands) 2020 2019 2018 Additions to leased property under financing leases $ 61,121 $ — $ — Right-of-use assets obtained in exchange for operating lease obligations 42,698 38,713 — Additions to property, plant and equipment accrued and recorded in accounts payable, trade 17,025 19,452 13,675 Issuance of Class B Common Stock in connection with stock award — 4,776 3,831

Quarterly Financial Data (Una_2

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	The unaudited quarterly financial data for the fiscal years ended December 31, 2020 and December 29, 2019 is included in the following tables. Sales volume has historically been the highest in the second and third quarters of each fiscal year. Additional meaningful financial information is included in the table following each presented period. Quarter Ended (in thousands, except per share data) March 29, June 28, September 27, December 31, Net sales $ 1,173,021 $ 1,227,215 $ 1,328,484 $ 1,278,637 Gross profit 405,295 429,301 472,438 461,875 Income from operations 32,821 83,118 103,844 93,595 Net income attributable to Coca‑Cola Consolidated, Inc. 14,662 39,569 51,884 66,378 Basic net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ 1.56 $ 4.23 $ 5.53 $ 7.08 Class B Common Stock $ 1.56 $ 4.23 $ 5.53 $ 7.08 Diluted net income per share based on net income attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ 1.55 $ 4.19 $ 5.51 $ 7.05 Class B Common Stock $ 1.55 $ 4.18 $ 5.51 $ 7.04 Additional Information for 2020: Quarter Ended (in thousands) March 29, June 28, September 27, December 31, Pre-tax income (expense) impact: Expenses related to supply chain and asset optimization $ (77) $ (641) $ (3,122) $ (548) Income related to extra days in fiscal year (1) — — — 7,354 (1) 2020 had four Quarter Ended (in thousands, except per share data) March 31, June 30, September 29, December 29, Net sales $ 1,102,912 $ 1,273,659 $ 1,271,029 $ 1,178,949 Gross profit 389,308 435,779 432,224 413,191 Income from operations 20,154 67,214 53,846 39,540 Net income (loss) attributable to Coca‑Cola Consolidated, Inc. (6,831) 15,370 13,006 (10,170) Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ (0.73) $ 1.64 $ 1.39 $ (1.09) Class B Common Stock $ (0.73) $ 1.64 $ 1.39 $ (1.09) Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.: Common Stock $ (0.73) $ 1.64 $ 1.38 $ (1.08) Class B Common Stock $ (0.73) $ 1.63 $ 1.38 $ (1.09) Additional Information for 2019: Quarter Ended (in thousands) March 31, June 30, September 29, December 29, Pre-tax expense impact: Expenses related to the System Transformation $ (4,730) $ (2,185) $ — $ — Expenses related to supply chain and asset optimization — (1,294) (3,581) (5,702)

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)segmentvotebenefit_plancategorystock$ / sharesshares	Dec. 29, 2019USD ($)$ / sharesshares	Dec. 30, 2018USD ($)$ / sharesshares	Dec. 28, 2008shares
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Bottle and can volume to retail customers	84.00%
Number of operating segments | segment	3
Number of additional operating segments do not meet quantitative thresholds for separate reporting | segment	2
Period of collection of trade account receivable	30 days
Amortization expenses of internal-use software	$ 6,700,000	$ 7,700,000	$ 10,000,000
Impairment of the carrying value of goodwill	$ 0	0	0
Number of sales categories | category	2
Number of classes of common stock outstanding | stock	2
Percentage control of total voting power	86.00%
Payment of dividend	$ 9,374,000	$ 9,369,000	$ 9,353,000
Anti-dilutive shares (in shares) | shares	0	0	0
Common Stock
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of votes per share | vote	1
Dividend is declared and paid on the Common Stock (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Class B Common Stock
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of votes per share | vote	20
Dividend is declared and paid on the Common Stock (in dollars per share) | $ / shares	$ 1	$ 1	$ 1
Class B Common Stock convertible into Common Stock, conversion ratio	1
Performance Units
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Performance units authorized (in shares) | shares				400,000
Term of performance unit award agreement				10 years
SD&A Expenses
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Shipping and handling costs	$ 622,100,000	$ 623,400,000	$ 610,700,000
Pension Plans
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Number of company-sponsored pension plans | benefit_plan	2
Minimum | Distribution Agreements
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	10 years
Minimum | Customer Lists
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	5 years
Maximum | Distribution Agreements
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	40 years
Maximum | Customer Lists
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Estimated useful life	12 years
Bottle/Can Sales
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Sales return estimated percentage (less than)	1.00%
Post-Mix and Other
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
Sales return estimated percentage (less than)	1.00%
Repair Service | Minimum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
General period for completion of services (less than for minimum)	1 day
Repair Service | Maximum
Description Of Business And Summary Of Significant Accounting Policies [Line Items]
General period for completion of services (less than for minimum)	1 month

Piedmont Coca-Cola Bottling P_2

Piedmont Coca-Cola Bottling Partnership - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018	Dec. 08, 2020
Noncontrolling Interest [Line Items]
Payments to Noncontrolling Interests	$ 100,000	$ 0	$ 0
Noncontrolling interest income	9,604	7,185	$ 4,774
Noncontrolling interest	$ 0	$ 104,164
Piedmont Coca-Cola Bottling Partnership
Noncontrolling Interest [Line Items]
Minority interest	22.70%			22.70%

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Payment of acquisition related contingent consideration		$ 43,400	$ 27,182	$ 24,683
Accounts receivable from related party		49,203	62,411
Principal balance outstanding under lease		75,844	26,806
Share based compensation		$ 0	2,045	5,606
Long-Term Performance Equity Plan
Related Party Transaction [Line Items]
Award settled in cash or shares, average closing prices of shares during trading days of performance period		20 days
Performance Unit Award Agreement
Related Party Transaction [Line Items]
Share based compensation			2,000	5,600
SD&A Expenses | Long-Term Performance Equity Plan
Related Party Transaction [Line Items]
Share based compensation		$ 9,200	12,900	2,000
Legacy Facilities Credit
Related Party Transaction [Line Items]
Amortization period as reduction to cost of sales					40 years
Harrison Family
Related Party Transaction [Line Items]
Voting power of stock held by related party		86.00%
The Coca-Cola Company
Related Party Transaction [Line Items]
Voting power of stock held by related party		5.00%
Percentage of interest held in outstanding common stock by The Coca-Cola Company		27.00%
CCR | Comprehensive Beverage Agreement
Related Party Transaction [Line Items]
Amortization period as reduction to cost of sales					40 years
Payment of acquisition related contingent consideration		$ 43,400	27,200	24,700
Southeastern | Other assets
Related Party Transaction [Line Items]
Equity investments		21,900	23,200
SAC
Related Party Transaction [Line Items]
Proceeds from management fees received from SAC, classified as reduction of cost of sales		9,000	9,100	9,000
SAC | Other assets
Related Party Transaction [Line Items]
Equity investments		8,000	8,200
CCBSS
Related Party Transaction [Line Items]
Accounts receivable from related party		6,300	10,000
Administrative fees due to CCBSS		2,500	2,300	2,800
CONA
Related Party Transaction [Line Items]
Service fees		22,000	22,200	21,500
CONA | Other assets
Related Party Transaction [Line Items]
Equity investments		11,500	10,500
Beacon Investment Corporation
Related Party Transaction [Line Items]
Principal balance outstanding under lease		30,800	6,800
Rental payments related to lease		3,300	4,500
Rental payments related to lease				4,400
HLP, SPC & Adjacent Sales Facility
Related Party Transaction [Line Items]
Principal balance outstanding under lease		61,900	4,300
Rental payments related to leases		$ 4,500	$ 4,400	$ 4,200
HLP
Related Party Transaction [Line Items]
Amendment to finance lease, extension term	15 years

Related Party Transactions - Su

Related Party Transactions - Summary of Significant Transactions between Company and The Coca-Cola Company (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Payments made by the Company to The Coca-Cola Company for:
Purchase of noncontrolling interest in Piedmont	$ 100,000	$ 0	$ 0
Payments made by The Coca-Cola Company to the Company for:
Cold drink equipment	0	0	3,789
Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility)	0	0	1,320
The Coca-Cola Company
Payments made by the Company to The Coca-Cola Company for:
Concentrate, syrup, sweetener and other purchases	1,174,616	1,187,889	1,188,818
Customer marketing programs	132,874	144,949	145,019
Purchase of noncontrolling interest in Piedmont	100,000	0	0
Cold drink equipment parts	21,523	28,209	30,065
Brand investment programs	15,479	13,266	9,063
Payments made by The Coca-Cola Company to the Company for:
Marketing funding support payments	82,967	98,013	86,483
Fountain delivery and equipment repair fees	32,810	41,714	40,023
Presence marketing funding support on the Company’s behalf	8,434	8,002	8,311
Facilitating the distribution of certain brands and packages to other Coca-Cola bottlers	4,538	5,069	9,683
Cold drink equipment	0	0	3,789
Legacy Facilities Credit (excluding portion related to Mobile, Alabama facility)	$ 0	$ 0	$ 1,320

Related Party Transactions - _2

Related Party Transactions - Summary of Liability to Estimated Fair Value of Contingent Consideration (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Related Party Transaction [Line Items]
Current portion of acquisition related contingent consideration	$ 36,020	$ 41,087
Noncurrent portion of acquisition related contingent consideration	398,674	405,597
CCR | Comprehensive Beverage Agreement
Related Party Transaction [Line Items]
Current portion of acquisition related contingent consideration	36,020	41,087
Noncurrent portion of acquisition related contingent consideration	398,674	405,597
Total acquisition related contingent consideration	$ 434,694	$ 446,684

Related Party Transactions - _3

Related Party Transactions - Summary of Awards Each Year (Detail) - Class B Common Stock - shares	12 Months Ended
	Dec. 29, 2019	Dec. 30, 2018
Schedule of Capitalization, Equity [Line Items]
Date of approval for award	Mar. 5, 2019	Mar. 6, 2018
Fiscal year of service covered by award	2018	2017
Shares settled in cash (in shares)	15,476	16,504
Increase in Class B Common Stock shares outstanding (in shares)	19,224	20,296
Total Class B Common Stock awarded (in shares)	34,700	36,800

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)category	Dec. 29, 2019USD ($)	Dec. 30, 2018
Revenue From Contract With Customer [Line Items]
Number of sales categories | category	2
Reserve for customer return | $	$ 3.6	$ 3.6
Repair Service | Minimum
Revenue From Contract With Customer [Line Items]
General period for completion of services (less than for minimum)	1 day
Repair Service | Maximum
Revenue From Contract With Customer [Line Items]
General period for completion of services (less than for minimum)	1 month
Bottle/Can Sales
Revenue From Contract With Customer [Line Items]
Sales return estimated percentage (less than)	1.00%
Post-Mix and Other
Revenue From Contract With Customer [Line Items]
Sales return estimated percentage (less than)	1.00%
Point in Time Net Sales
Revenue From Contract With Customer [Line Items]
Sales percentage	97.00%	96.00%	97.00%

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 1,278,637	$ 1,328,484	$ 1,227,215	$ 1,173,021	$ 1,178,949	$ 1,271,029	$ 1,273,659	$ 1,102,912	$ 5,007,357	$ 4,826,549	$ 4,625,364
Point in Time Net Sales
Disaggregation of Revenue [Line Items]
Net sales									4,842,934	4,649,037	4,467,945
Point in Time Net Sales | Nonalcoholic Beverages
Disaggregation of Revenue [Line Items]
Net sales									4,842,934	4,649,037	4,467,945
Over Time Net Sales
Disaggregation of Revenue [Line Items]
Net sales									164,423	177,512	157,419
Over Time Net Sales | Nonalcoholic Beverages
Disaggregation of Revenue [Line Items]
Net sales									36,236	45,391	44,373
Over Time Net Sales | All Other
Disaggregation of Revenue [Line Items]
Net sales									$ 128,187	$ 132,121	$ 113,046

Revenue Recognition - Summary o

Revenue Recognition - Summary of Activity in Allowance for Credit Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance - allowance for credit losses	$ 10,232
Additions charged to costs and expenses	14,265
Write-offs, net of recoveries	(6,427)
Ending balance - allowance for credit losses	$ 18,070

Segments - Additional Informati

Segments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020segment
Segment Reporting Information [Line Items]
Number of operating segments	3
All Other
Segment Reporting Information [Line Items]
Number of operating segments	2

Segments - Summary of Financial

Segments - Summary of Financial Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Net sales:
Consolidated net sales	$ 1,278,637	$ 1,328,484	$ 1,227,215	$ 1,173,021	$ 1,178,949	$ 1,271,029	$ 1,273,659	$ 1,102,912	$ 5,007,357	$ 4,826,549	$ 4,625,364
Income from operations:
Consolidated income from operations	$ 93,595	$ 103,844	$ 83,118	$ 32,821	$ 39,540	$ 53,846	$ 67,214	$ 20,154	313,378	180,754	57,902
Depreciation and amortization:
Consolidated depreciation and amortization									179,017	179,916	187,256
Nonalcoholic Beverages
Depreciation and amortization:
Consolidated depreciation and amortization									167,355	169,879	177,448
All Other
Depreciation and amortization:
Consolidated depreciation and amortization									11,662	10,037	9,808
Operating Segments | Nonalcoholic Beverages
Net sales:
Consolidated net sales									4,879,170	4,694,428	4,512,318
Income from operations:
Consolidated income from operations									324,716	174,133	45,519
Operating Segments | All Other
Net sales:
Consolidated net sales									332,728	345,005	358,625
Income from operations:
Consolidated income from operations									(11,338)	6,621	12,383
Eliminations
Net sales:
Consolidated net sales									$ (204,541)	$ (212,884)	$ (245,579)

Net Income (Loss) Per Share - C

Net Income (Loss) Per Share - Computation of Basic Net Income (Loss) Per Share and Diluted Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 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.	$ 66,378	$ 51,884	$ 39,569	$ 14,662	$ (10,170)	$ 13,006	$ 15,370	$ (6,831)	$ 172,493	$ 11,375	$ (19,930)
Less dividends:
Total undistributed earnings (losses) – basic									163,119	2,006	(29,283)
Total undistributed earnings (losses) – diluted									163,119	2,006	(29,283)
Common Stock
Less dividends:
Common Stock									7,141	7,141	7,141
Total undistributed earnings (losses) – basic									124,275	1,529	(22,365)
Total undistributed earnings (losses) – diluted									123,563	1,521	(22,365)
Numerator for basic net income (loss) per Common Stock share:
Numerator for basic net income (loss) per Common Stock share									131,416	8,670	(15,224)
Numerator for diluted net income (loss) per Common Stock share:
Numerator for diluted net income (loss) per Common Stock share									$ 172,493	$ 11,375	$ (19,930)
Denominator for basic net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - basic (in shares)									7,141	7,141	7,141
Denominator for diluted net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - diluted (in shares)									9,427	9,417	9,350
Basic net income (loss) per share:
Common Stock (in dollars per share)	$ 7.08	$ 5.53	$ 4.23	$ 1.56	$ (1.09)	$ 1.39	$ 1.64	$ (0.73)	$ 18.40	$ 1.21	$ (2.13)
Diluted net income (loss) per share:
Common Stock (in dollars per share)	7.05	5.51	4.19	1.55	(1.08)	1.38	1.64	(0.73)	$ 18.30	$ 1.21	$ (2.13)
Class B Common Stock
Less dividends:
Common Stock									$ 2,233	$ 2,228	$ 2,212
Total undistributed earnings (losses) – basic									38,844	477	(6,918)
Total undistributed earnings (losses) – diluted									39,556	485	(6,918)
Numerator for basic net income (loss) per Common Stock share:
Numerator for basic net income (loss) per Common Stock share									41,077	2,705	(4,706)
Numerator for diluted net income (loss) per Common Stock share:
Numerator for diluted net income (loss) per Common Stock share									$ 41,789	$ 2,713	$ (4,706)
Denominator for basic net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - basic (in shares)									2,232	2,229	2,209
Denominator for diluted net income (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - diluted (in shares)									2,286	2,276	2,209
Basic net income (loss) per share:
Common Stock (in dollars per share)	7.08	5.53	4.23	1.56	(1.09)	1.39	1.64	(0.73)	$ 18.40	$ 1.21	$ (2.13)
Diluted net income (loss) per share:
Common Stock (in dollars per share)	$ 7.04	$ 5.51	$ 4.18	$ 1.55	$ (1.09)	$ 1.38	$ 1.63	$ (0.73)	$ 18.28	$ 1.19	$ (2.13)

Net Income (Loss) Per Share -_2

Net Income (Loss) Per Share - Computation of Basic Net Income (Loss) Per Share and Diluted Net Income (Loss) Per Share, Textual (Detail) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Earnings Per Share [Abstract]
Percentage undistributed earnings (losses) allocated to common stock diluted	100.00%	100.00%	100.00%
Anti-dilutive shares (in shares)	0	0	0

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Inventory Disclosure [Abstract]
Finished products	$ 140,080	$ 142,363
Manufacturing materials	47,081	45,267
Plastic shells, plastic pallets and other inventories	38,596	38,296
Total inventories	$ 225,757	$ 225,926

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Prepaid Expense and Other Assets [Abstract]
Repair parts	$ 26,811	$ 28,967
Prepaid taxes	8,428	4,359
Prepaid software	6,650	5,850
Prepaid marketing	4,773	5,658
Commodity hedges at fair market value	2,417	1,007
Prepayments for sponsorship contracts	569	8,696
Other prepaid expenses and other current assets	24,498	14,924
Total prepaid expenses and other current assets	$ 74,146	$ 69,461

Assets Held for Sale (Details)

Assets Held for Sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Impairment of property, plant and equipment	$ 8,030	$ 8,798	$ 453
Assets Held for Sale
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Assets held for sale	6,429
Impairment of property, plant and equipment	1,600
Assets Held for Sale | Land
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, plant, and equipment	2,559
Assets Held for Sale | Buildings and leasehold and land improvements
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Property, plant, and equipment	$ 3,870

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Principal Categories and Estimated Useful Lives of Property, Plant and Equipment, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 1,979,008	$ 1,958,078
Less:  Accumulated depreciation and amortization	956,286	960,675
Property, plant and equipment, net	1,022,722	997,403
Land
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	81,981	76,860
Buildings
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 240,173	223,500
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	8 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	50 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 392,998	355,575
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Transportation equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 445,218	417,532
Transportation equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	4 years
Transportation equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 96,606	92,059
Furniture and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Furniture and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Cold drink dispensing equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 465,881	489,050
Cold drink dispensing equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Cold drink dispensing equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	17 years
Leasehold and land improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 155,077	145,341
Leasehold and land improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	5 years
Leasehold and land improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	20 years
Software for internal use
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 46,569	128,792
Software for internal use | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	3 years
Software for internal use | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	10 years
Construction in progress
Property, Plant and Equipment [Line Items]
Total property, plant and equipment, at cost	$ 54,505	$ 29,369

Leases - Summary of Weighted Av

Leases - Summary of Weighted Average Remaining Lease Term and Weighted Average Discount Rate for Population of Leases (Detail)	Dec. 31, 2020	Dec. 29, 2019
Operating leases
Weighted average remaining lease term	9 years 4 months 24 days	10 years 2 months 12 days
Weighted average discount rate	4.00%	4.10%
Financing leases
Weighted average remaining lease term	13 years 4 months 24 days	4 years 9 months 18 days
Weighted average discount rate	3.20%	5.70%

Leases - Summary of Balances Re

Leases - Summary of Balances Related to Lease Portfolio within Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Leases [Abstract]
Operating lease costs	$ 24,823	$ 18,820
Short-term and variable leases	15,305	13,605
Depreciation expense from financing leases	4,678	5,967	$ 5,900
Interest expense on financing lease obligations	1,728	2,714	$ 3,300
Total lease cost	$ 46,534	$ 41,106

Leases - Summary of Balances _2

Leases - Summary of Balances Related to Lease Portfolio within Consolidated Statement of Operations, Textual (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Leases [Abstract]
Depreciation expense from capital leases	$ 4,678	$ 5,967	$ 5,900
Interest expense on capital lease obligations	$ 1,728	$ 2,714	$ 3,300

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Payments For Noncancelable Operating And Financing Leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Operating Leases
Year One	$ 24,056	$ 19,236
Year Two	20,970	16,815
Year Three	18,125	14,016
Year Four	15,330	11,704
Year Five	13,747	10,989
Thereafter	77,353	67,556
Total minimum lease payments including interest	169,581	140,316
Less:  Amounts representing interest	29,892	27,527
Present value of minimum lease principal payments	139,689	112,789
Less:  Current portion of lease liabilities - operating and financing leases	19,766	15,024
Noncurrent portion of lease liabilities - operating and financing leases	119,923	97,765
Financing Leases
Year One	7,079	10,611
Year Two	7,145	6,215
Year Three	7,201	2,694
Year Four	7,396	2,750
Year Five	7,593	2,808
Thereafter	55,827	5,406
Total minimum lease payments including interest	92,241	30,484
Less:  Amounts representing interest	16,397	3,678
Present value of minimum lease principal payments	75,844	26,806
Less:  Current portion of lease liabilities - operating and financing leases	5,860	9,403
Noncurrent portion of lease liabilities - operating and financing leases	69,984	17,403
Lessee, Lease, Liability, Payment, Due [Abstract]
Year One	31,135	29,847
Year Two	28,115	23,030
Year Three	25,326	16,710
Year Four	22,726	14,454
Year Five	21,340	13,797
Thereafter	133,180	72,962
Total minimum lease payments including interest	261,822	170,800
Less:  Amounts representing interest	46,289	31,205
Present value of minimum lease principal payments	215,533	139,595
Less:  Current portion of lease liabilities - operating and financing leases	25,626	24,427
Noncurrent portion of lease liabilities - operating and financing leases	$ 189,907	$ 115,168

Leases - Summary of Balances _3

Leases - Summary of Balances Related to Lease Portfolio within Consolidated Statement of Cash Flow (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Cash flows from operating activities impact:
Operating leases	$ 24,718	$ 18,138
Interest payments on financing lease obligations	1,728	2,714	$ 3,300
Total cash flows from operating activities impact	26,446	20,852
Cash flows from financing activities impact:
Principal payments on financing lease obligations	5,861	8,656	$ 8,100
Total cash flows from financing activities impact	$ 5,861	$ 8,656

Leases - Summary of Balances _4

Leases - Summary of Balances Related to Lease Portfolio within Consolidated Statement of Cash Flow, Textual (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Leases [Abstract]
Principal payments on capital lease obligations	$ 5,861	$ 8,656	$ 8,100
Interest payments on capital lease obligations	$ 1,728	$ 2,714	$ 3,300

Distribution Agreements, Net -

Distribution Agreements, Net - Additional Information (Detail) - Distribution agreements, net	12 Months Ended
	Dec. 31, 2020USD ($)
Finite-Lived Intangible Assets [Line Items]
Impairment of distribution agreements, net	$ 0
Amortization expense for 2021	24,500,000
Amortization expense for 2022	24,500,000
Amortization expense for 2023	24,500,000
Amortization expense for 2024	24,500,000
Amortization expense for 2025	$ 24,500,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	10 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	40 years

Distribution Agreements, Net _2

Distribution Agreements, Net - Components of Distribution Agreements, Net (Detail) - Distribution agreements, net - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Distribution agreements at cost	$ 952,533	$ 950,549
Less: Accumulated amortization	98,780	74,453
Total other identifiable intangible assets, net	$ 853,753	$ 876,096	$ 900,383

Distribution Agreements, Net _3

Distribution Agreements, Net - Reconciliation of Activity for Other Identifiable Intangible Assets Net (Detail) - Distribution agreements, net - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Finite-lived Intangible Assets [Roll Forward]
Beginning balance - distribution agreements, net	$ 876,096	$ 900,383
Other distribution agreements	1,984	(10)
Additional accumulated amortization	(24,327)	(24,277)
Ending balance - distribution agreements, net	$ 853,753	$ 876,096

Customer Lists, Net - Additiona

Customer Lists, Net - Additional Information (Detail) - Customer lists, net	12 Months Ended
	Dec. 31, 2020USD ($)
Finite-Lived Intangible Assets [Line Items]
Impairment of finite-lived identifiable intangible assets	$ 0
Amortization expense for 2021	1,700,000
Amortization expense for 2022	1,700,000
Amortization expense for 2023	1,700,000
Amortization expense for 2024	1,700,000
Amortization expense for 2025	$ 1,700,000
Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	5 years
Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	12 years

Customer Lists, Net - Other Ide

Customer Lists, Net - Other Identifiable Intangible Assets (Detail) - Customer lists, net - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Finite-Lived Intangible Assets [Line Items]
Customer lists at cost	$ 25,288	$ 25,288
Less: Accumulated amortization	12,484	10,645
Total other identifiable intangible assets, net	$ 12,804	$ 14,643

Other Accrued Liabilities - Sum

Other Accrued Liabilities - Summary of Other Accrued Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Payables and Accruals [Abstract]
Accrued insurance costs	$ 48,318	$ 44,584
Accrued marketing costs	38,539	34,947
Current portion of acquisition related contingent consideration	36,020	41,087
Employee and retiree benefit plan accruals	31,653	33,699
Current portion of deferred payroll taxes under CARES Act	18,706
Accrued taxes (other than income taxes)	6,178	6,366
Checks and transfers yet to be presented for payment from zero balance cash accounts	2,793	20,199
Federal income taxes	0	1,651
Commodity hedges at fair market value	0	1,174
All other accrued expenses	22,934	25,127
Total other accrued liabilities	$ 205,141	$ 208,834

Derivative Financial Instrume_3

Derivative Financial Instruments - Summary of Pre-Tax Changes in Fair Value (Detail) - Commodity derivative instruments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss)	$ 2,787	$ 10,138	$ (14,725)
Cost of sales
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss)	1,996	6,602	(10,376)
Selling, delivery and administrative expenses
Derivative Instruments, Gain (Loss) [Line Items]
Total gain (loss)	$ 791	$ 3,536	$ (4,349)

Derivative Financial Instrume_4

Derivative Financial Instruments - Summary of Fair Values and Classification in Consolidated Balance Sheets of Derivative Instruments (Detail) - Commodity derivative instruments - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Assets:
Total assets	$ 2,473	$ 1,007
Liabilities:
Total liabilities	0	1,174
Gross commodity derivative instrument assets	2,473	3,298
Gross commodity derivative instrument liabilities	0	3,465
Prepaid expenses and other current assets
Assets:
Total assets	2,417	1,007
Other accrued liabilities
Liabilities:
Total liabilities	0	1,174
Other assets
Assets:
Total assets	$ 56	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Summary of Outstanding Commodity Derivative Agreements (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Commodity derivative instruments
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount of outstanding commodity derivative instruments	$ 23,030	$ 171,699

Fair Values of Financial Inst_3

Fair Values of Financial Instruments - Deferred Compensation Plan Commodity Hedging Agreements and Acquisition Related Contingent Consideration (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Commodity derivative instruments
Assets:
Commodity derivative instruments	$ 2,473	$ 1,007
Liabilities:
Commodity derivative instruments	0	1,174
Fair Value Level 3
Liabilities:
Acquisition related contingent consideration	434,694	446,684	$ 382,898
Carrying Amount
Assets:
Deferred compensation plan assets	51,742	42,543
Pension plan assets	319,699	276,085
Liabilities:
Deferred compensation plan liabilities	51,742	42,543
Long-term debt	940,465	1,029,920
Acquisition related contingent consideration	434,694	446,684
Carrying Amount | Commodity derivative instruments
Assets:
Commodity derivative instruments	2,473	1,007
Liabilities:
Commodity derivative instruments		1,174
Total Fair Value
Assets:
Deferred compensation plan assets	51,742	42,543
Pension plan assets	319,699	276,085
Liabilities:
Deferred compensation plan liabilities	51,742	42,543
Long-term debt	1,015,700	1,058,700
Acquisition related contingent consideration	434,694	446,684
Total Fair Value | Commodity derivative instruments
Assets:
Commodity derivative instruments	2,473	1,007
Liabilities:
Commodity derivative instruments		1,174
Total Fair Value | Fair Value Level 1
Assets:
Deferred compensation plan assets	51,742	42,543
Pension plan assets	308,849	276,085
Liabilities:
Deferred compensation plan liabilities	51,742	42,543
Long-term debt	0	0
Acquisition related contingent consideration	0	0
Total Fair Value | Fair Value Level 1 | Commodity derivative instruments
Assets:
Commodity derivative instruments	0	0
Liabilities:
Commodity derivative instruments		0
Total Fair Value | Fair Value Level 2
Assets:
Deferred compensation plan assets	0	0
Pension plan assets	10,850	0
Liabilities:
Deferred compensation plan liabilities	0	0
Long-term debt	1,015,700	1,058,700
Acquisition related contingent consideration	0	0
Total Fair Value | Fair Value Level 2 | Commodity derivative instruments
Assets:
Commodity derivative instruments	2,473	1,007
Liabilities:
Commodity derivative instruments		1,174
Total Fair Value | Fair Value Level 3
Assets:
Deferred compensation plan assets	0	0
Pension plan assets	0	0
Liabilities:
Deferred compensation plan liabilities	0	0
Long-term debt	0	0
Acquisition related contingent consideration	434,694	446,684
Total Fair Value | Fair Value Level 3 | Commodity derivative instruments
Assets:
Commodity derivative instruments	$ 0	0
Liabilities:
Commodity derivative instruments		$ 0

Fair Values of Financial Inst_4

Fair Values of Financial Instruments - Additional Information (Detail) $ in Millions	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 29, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amount payable annually under acquisition related contingent consideration arrangements, value, low	$ 28
Amount payable annually under acquisition related contingent consideration arrangements, value, high	$ 52
Discount Rate | Fair Value Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition related contingent consideration liability, measurement input	0.075	0.071
Distribution Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated useful life	40 years

Fair Values of Financial Inst_5

Fair Values of Financial Instruments - Summary of Reconciliation of Acquisition Related Contingent Consideration Liability (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Business Combination, Contingent Consideration, Liability [Roll Forward]
Payment of acquisition related contingent consideration	$ (43,400)	$ (27,182)	$ (24,683)
Increase in fair value	31,210	92,788	28,767
Level 3
Business Combination, Contingent Consideration, Liability [Roll Forward]
Beginning balance - Level 3 liability	446,684	382,898
Payment of acquisition related contingent consideration	(43,400)	(27,182)
Reclassification to current payables	200	(1,820)
Increase in fair value	31,210	92,788
Ending balance - Level 3 liability	$ 434,694	$ 446,684	$ 382,898

Income Taxes - Significant Comp

Income Taxes - Significant Components of the Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Current:
Federal	$ 38,665	$ 7,505	$ (4,228)
State	11,541	4,173	(3,269)
Total current provision (benefit)	50,206	11,678	(7,497)
Deferred:
Federal	8,052	4,514	5,701
State	685	(527)	3,665
Total deferred provision (benefit)	8,737	3,987	9,366
Income tax expense	$ 58,943	$ 15,665	$ 1,869

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018	Dec. 08, 2020
Income Tax [Line Items]
Effective income tax rate	24.50%	45.80%	(14.10%)
Effective income tax rate with noncontrolling interest	25.50%	57.90%	(10.30%)
Uncertain tax positions	$ 2,600,000	$ 2,500,000
Uncertain tax positions that would affect income tax rate	2,600,000	2,500,000
Change in uncertain tax positions, expected material impact on consolidated financial statements	0
Valuation allowance for deferred tax assets	$ 5,325,000	$ 7,190,000
Piedmont Coca-Cola Bottling Partnership
Income Tax [Line Items]
Minority interest	22.70%			22.70%
Federal
Income Tax [Line Items]
Net operating losses	$ 0
State
Income Tax [Line Items]
Net operating losses	$ 33,800,000
Earliest Tax Year | Internal Revenue Service
Income Tax [Line Items]
Tax year open for examination	2007
Earliest Tax Year | State
Income Tax [Line Items]
Tax year open for examination	1998

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Expense at Statutory Federal Rate to Actual Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Income tax expense
Statutory (income) / expense	$ 50,618	$ 7,187	$ (2,790)
State income taxes, net of federal benefit	9,258	1,352	(376)
Nondeductible compensation	3,007	4,313	2,851
Noncontrolling interest – Piedmont	(2,447)	(1,826)	(1,238)
Valuation allowance change	(1,900)	1,290	1,566
Meals, entertainment and travel expense	1,476	2,440	2,734
Nondeductible fees and expenses	311	887	568
Adjustment for uncertain tax positions	114	(805)	694
Adjustment for federal tax legislation	0	0	(1,989)
Other, net	(1,494)	827	(151)
Income tax expense	$ 58,943	$ 15,665	$ 1,869
% pre-tax income (loss)
Statutory (income) / expense	21.00%	21.00%	21.00%
State income taxes, net of federal benefit	3.80%	4.00%	2.80%
Nondeductible compensation	1.30%	12.60%	(21.50%)
Noncontrolling interest – Piedmont	(1.00%)	(5.30%)	9.30%
Valuation allowance change	(0.80%)	3.80%	(11.80%)
Meals, entertainment and travel expense	0.60%	7.10%	(20.60%)
Nondeductible fees and expenses	0.10%	2.60%	(4.30%)
Adjustment for uncertain tax positions	0.00%	(2.40%)	(5.20%)
Adjustment for federal tax legislation	0.00%	0.00%	15.00%
Other, net	(0.50%)	2.40%	1.20%
Income tax expense	24.50%	45.80%	(14.10%)

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Uncertain Tax Positions Excluding Accrued Interest (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance - gross uncertain tax positions	$ 2,283	$ 2,857	$ 2,286
Increase as a result of tax positions taken in the current year	61	60	571
Increase as a result of tax positions taken in a prior year	504	0	0
Reduction as a result of the expiration of the applicable statute of limitations	(687)	(634)	0
Ending balance - gross uncertain tax positions	$ 2,161	$ 2,283	$ 2,857

Income Taxes - Temporary Differ

Income Taxes - Temporary Differences and Carryforwards that Comprised Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Income Tax Disclosure [Abstract]
Acquisition related contingent consideration	$ 107,769	$ 110,036
Operating lease liabilities	34,632	27,346
Deferred revenue	27,882	24,936
Deferred compensation	26,269	26,788
Accrued liabilities	22,341	19,266
Postretirement benefits	14,726	13,250
Pension	11,055	14,124
Transactional costs	4,451	4,857
Charitable contribution carryover	3,236	6,622
Net operating loss carryforwards	1,628	2,012
Financing lease agreements	1,618	2,432
Other	10,138	3,022
Deferred income tax assets	265,745	254,691
Less: Valuation allowance for deferred tax assets	5,325	7,190
Net deferred income tax asset	260,420	247,501
Intangible assets	(182,585)	(151,940)
Depreciation	(159,359)	(147,140)
Right-of-use assets - operating leases	(33,316)	(26,997)
Inventory	(13,709)	(12,631)
Prepaid expenses	(6,319)	(7,627)
Patronage dividend	(4,555)	(3,009)
Investment in Piedmont	0	(23,287)
Deferred income tax liabilities	(399,843)	(372,631)
Net deferred income tax liability	$ (139,423)	$ (125,130)

Benefit Plans - Additional Info

Benefit Plans - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)benefit_plan	Dec. 29, 2019USD ($)	Dec. 30, 2018USD ($)
Defined Benefit Plan Disclosure [Line Items]
Multiemployer plans status red zone minimum funded percentage	80.00%
Multiemployer pension plan withdrawing annual payment amount	$ 1,000
Multiemployer pension plan withdrawing liability recorded	$ 5,800
401(k) Savings Plan
Defined Benefit Plan Disclosure [Line Items]
Company maximum contribution percentage under plan	5.00%	5.00%	5.00%
Cost recognized	$ 22,700	$ 21,700	$ 21,200
Executive Benefit Plans
Defined Benefit Plan Disclosure [Line Items]
Number of executive benefit plans | benefit_plan	4
Executive Benefit Plans | Supplemental Savings Incentive Plan
Defined Benefit Plan Disclosure [Line Items]
Company contributions vesting period	5 years
Company maximum contribution percentage under plan	50.00%
Participant contributions percentage under plan	6.00%	6.00%	6.00%
Company actual contribution percentage under plan	50.00%	50.00%	50.00%
Executive Benefit Plans | Long-Term Retention Plan
Defined Benefit Plan Disclosure [Line Items]
Vested percentage until age 51 under plan	50.00%
Age vesting percentage increases	51 years
Annual vested percentage increase under plan beginning at age 51	5.00%
Fully vested age	60 years
Annuity to eligible participants installment payment period one	10 years
Annuity to eligible participants installment payment period two	15 years
Annuity to eligible participants installment payment period three	20 years
Executive Benefit Plans | Officer Retention Plan
Defined Benefit Plan Disclosure [Line Items]
Vested percentage until age 51 under plan	50.00%
Age vesting percentage increases	51 years
Annual vested percentage increase under plan beginning at age 51	5.00%
Fully vested age	60 years
Annuity to eligible participants installment payment period one	10 years
Annuity to eligible participants installment payment period two	15 years
Annuity to eligible participants installment payment period three	20 years
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Number of company-sponsored pension plans | benefit_plan	2
Accumulated benefit obligation	$ 368,200	$ 332,300
Benefit pension plan, contributions	$ 13,526
Weighted average duration of high yield bond	3 years
Pension Plans | Minimum
Defined Benefit Plan Disclosure [Line Items]
Benefit pension plan, contributions	$ 8,000
Pension Plans | Maximum
Defined Benefit Plan Disclosure [Line Items]
Benefit pension plan, contributions	$ 12,000
Weighted average duration of cash and cash equivalents	1 year
Pension Plans | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Weighted average duration of institutional government and corporate bonds	15 years
Pension Plans | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Weighted average duration of institutional government and corporate bonds	22 years

Benefit Plans - Liability Under

Benefit Plans - Liability Under Executive Benefit Plans (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	$ 31,653	$ 33,699
Executive Benefit Plans | Supplemental Savings Incentive Plan and Director Deferral Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	11,132	8,893
Noncurrent liabilities	80,890	79,921
Total liability	92,022	88,814
Executive Benefit Plans | Long-Term Retention Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	137	102
Noncurrent liabilities	4,728	3,199
Total liability	4,865	3,301
Executive Benefit Plans | Officer Retention Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	4,176	3,267
Noncurrent liabilities	38,605	41,062
Total liability	42,781	44,329
Executive Benefit Plans | Long-Term Performance Plan
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	8,515	7,252
Noncurrent liabilities	7,866	8,416
Total liability	$ 16,381	$ 15,668

Benefit Plans - Changes in Proj

Benefit Plans - Changes in Projected Benefit Obligation (Detail) - Pension Plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning balance - projected benefit obligation	$ 332,304	$ 278,957
Service cost	6,331	4,853	$ 5,484
Interest cost	10,957	12,299	11,350
Actuarial loss	31,300	47,651
Benefits paid	(12,647)	(11,456)
Ending balance - projected benefit obligation	$ 368,245	$ 332,304	$ 278,957

Benefit Plans - Change in Plan

Benefit Plans - Change in Plan Assets (Detail) - Pension Plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance - plan assets at fair value	$ 276,699	$ 256,168
Actual return on plan assets	40,680	29,549
Employer contributions	16,250	4,900
Benefits paid	(13,930)	(13,918)
Ending balance - plan assets at fair value	$ 319,699	$ 276,699

Benefit Plans - Funded Status,

Benefit Plans - Funded Status, Pension Plans (Detail) - Pension Plans - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ (368,245)	$ (332,304)	$ (278,957)
Plan assets at fair value	319,699	276,699	$ 256,168
Net funded status	$ (48,546)	$ (55,605)

Benefit Plans - Amounts Recogni

Benefit Plans - Amounts Recognized in the Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Defined Benefit Plan Disclosure [Line Items]
Noncurrent liabilities	$ (113,325)	$ (114,831)
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	0	0
Noncurrent liabilities	(48,546)	(55,605)
Total liability - pension plans	$ (48,546)	$ (55,605)

Benefit Plans - Net Periodic Pe

Benefit Plans - Net Periodic Pension Cost (Detail) - Pension Plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 6,331	$ 4,853	$ 5,484
Interest cost	10,957	12,299	11,350
Expected return on plan assets	(13,617)	(10,290)	(15,415)
Recognized net actuarial loss	4,619	3,688	3,830
Amortization of prior service cost	19	22	25
Net periodic pension/postretirement benefit cost	$ 8,309	$ 10,572	$ 5,274

Benefit Plans - Significant Ass

Benefit Plans - Significant Assumptions Used, Pension Plans (Detail) - Pension Plans	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Primary Plan
Projected benefit obligation at the measurement date:
Discount rate	2.66%	3.36%	4.47%
Net periodic pension cost for the fiscal year:
Discount rate	3.36%	4.47%	3.80%
Weighted average expected long-term rate of return of plan assets	5.50%	5.00%	6.00%
Bargaining Plan
Projected benefit obligation at the measurement date:
Discount rate	3.12%	3.61%	4.63%
Net periodic pension cost for the fiscal year:
Discount rate	3.61%	4.63%	3.90%
Weighted average expected long-term rate of return of plan assets	6.25%	5.25%	6.00%

Benefit Plans - Anticipated Fut

Benefit Plans - Anticipated Future Pension Benefit Payments (Detail) - Pension Plans $ in Thousands	Dec. 31, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
2021	$ 13,526
2022	14,312
2023	15,100
2024	15,736
2025	16,377
2026 - 2030	$ 89,826

Benefit Plans - Weighted Averag

Benefit Plans - Weighted Average Expected Long-Term Rate of Return (Detail) - Pension Plans	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		100.00%	100.00%
Weighted Average Expected Long-Term Rate of Return - 2021		5.50%	5.00%	6.00%
Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	100.00%
Weighted Average Expected Long-Term Rate of Return - 2021	4.75%
Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		100.00%	100.00%
Weighted Average Expected Long-Term Rate of Return - 2021		6.25%	5.25%	6.00%
Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	100.00%
Weighted Average Expected Long-Term Rate of Return - 2021	5.75%
U.S. debt securities | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		58.00%	57.00%
U.S. debt securities | Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	65.00%
Weighted Average Expected Long-Term Rate of Return - 2021	3.09%
U.S. debt securities | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		46.00%	46.00%
U.S. debt securities | Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	40.00%
Weighted Average Expected Long-Term Rate of Return - 2021	2.30%
U.S. equity securities | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		24.00%	23.00%
U.S. equity securities | Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	26.00%
Weighted Average Expected Long-Term Rate of Return - 2021	1.24%
U.S. equity securities | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		39.00%	39.00%
U.S. equity securities | Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	46.00%
Weighted Average Expected Long-Term Rate of Return - 2021	2.65%
International debt securities | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		8.00%	9.00%
International debt securities | Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	0.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.00%
International debt securities | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		2.00%	2.00%
International debt securities | Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	0.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.00%
International equity securities | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		8.00%	8.00%
International equity securities | Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	7.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.32%
International equity securities | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		12.00%	12.00%
International equity securities | Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	12.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.68%
Cash and cash equivalents | Primary Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		2.00%	3.00%
Cash and cash equivalents | Primary Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	2.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.10%
Cash and cash equivalents | Bargaining Plan
Defined Benefit Plan Disclosure [Line Items]
Percentage of Plan Assets at Fiscal Year-End		1.00%	1.00%
Cash and cash equivalents | Bargaining Plan | Forecast
Defined Benefit Plan Disclosure [Line Items]
Target Allocation 2021	2.00%
Weighted Average Expected Long-Term Rate of Return - 2021	0.12%

Benefit Plans - Summary of Pens

Benefit Plans - Summary of Pension Plan Assets (Detail) - Pension Plans - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	$ 319,699	$ 276,699	$ 256,168
Pension plan assets, excluding other
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	319,699	276,085
Pension plan assets - fixed income
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	205,812	179,153
Pension plan assets - equity securities
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	106,424	89,861
Pension plan assets - cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets	$ 7,463	7,071
Other pension plan assets - equity securities
Defined Benefit Plan Disclosure [Line Items]
Total pension plan assets		$ 600

Benefit Plans - Reconciliation

Benefit Plans - Reconciliation of Benefit Obligation (Detail) - Postretirement Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning balance - projected benefit obligation	$ 62,056	$ 64,461
Service cost	1,454	1,496	$ 1,854
Interest cost	2,031	2,750	2,694
Plan participants’ contributions	753	750
Actuarial (gain) loss	4,555	(4,191)
Benefits paid	(3,184)	(3,296)
Medicare Part D subsidy reimbursement	0	86
Ending balance - projected benefit obligation	$ 67,665	$ 62,056	$ 64,461

Benefit Plans - Reconciliatio_2

Benefit Plans - Reconciliation of Plan Assets Fair Value (Detail) - Postretirement Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Beginning balance - plan assets at fair value	$ 0	$ 0
Employer contributions	2,431	2,460
Plan participants’ contributions	753	750
Benefits paid	(3,184)	(3,296)
Medicare Part D subsidy reimbursement	0	86
Ending balance - plan assets at fair value	$ 0	$ 0

Benefit Plans - Funded Status_2

Benefit Plans - Funded Status, Postretirement Benefits (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Defined Benefit Plan Disclosure [Line Items]
Noncurrent liabilities	$ (113,325)	$ (114,831)
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Current liabilities	(2,886)	(2,831)
Noncurrent liabilities	(64,779)	(59,225)
Total liability - pension plans	$ (67,665)	$ (62,056)

Benefit Plans - Components of N

Benefit Plans - Components of Net Periodic Postretirement Benefit Cost (Detail) - Postretirement Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,454	$ 1,496	$ 1,854
Interest cost	2,031	2,750	2,694
Recognized net actuarial loss	383	730	1,889
Amortization of prior service cost	0	(1,293)	(1,847)
Net periodic pension/postretirement benefit cost	$ 3,868	$ 3,683	$ 4,590

Benefit Plans - Significant A_2

Benefit Plans - Significant Assumptions Used, Postretirement Benefits (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation discount rate at measurement date	2.70%	3.32%	4.41%
Net periodic postretirement benefit cost discount rate for fiscal year	3.32%	4.41%	3.72%
Pre Medicare
Defined Benefit Plan Disclosure [Line Items]
Weighted average healthcare cost trend rate	6.53%	7.13%	7.82%
Trend rate graded down to ultimate rate	4.50%	4.50%	4.50%
Ultimate rate year	2028	2026	2025
Post Medicare
Defined Benefit Plan Disclosure [Line Items]
Weighted average healthcare cost trend rate	6.73%	7.11%	7.74%
Trend rate graded down to ultimate rate	4.50%	4.50%	4.50%
Ultimate rate year	2028	2026	2025

Benefit Plans - Anticipated F_2

Benefit Plans - Anticipated Future Postretirement Benefit Payments (Detail) - Postretirement Benefits $ in Thousands	Dec. 31, 2020USD ($)
Defined Benefit Plan Disclosure [Line Items]
2021	$ 2,886
2022	2,983
2023	3,151
2024	3,341
2025	3,494
2026 - 2030	$ 19,300

Benefit Plans - Reconciliatio_3

Benefit Plans - Reconciliation of Amounts in Accumulated Other Comprehensive Loss That Have Not Yet Been Recognized as Components of Net Periodic Benefit Cost (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Actuarial loss
Actuarial Loss	$ (10,076)
Total within accumulated other comprehensive loss
Net periodic benefit cost, beginning balance	(156,524)
Reclassification Adjustments	5,021
Net periodic benefit cost, ending balance	(161,579)
Pension Plans
Actuarial loss
Actuarial loss, beginning balance	(146,762)
Actuarial Loss	(5,521)
Reclassification Adjustments	4,619
Actuarial loss, ending balance	(147,664)
Prior service costs
Prior service costs, beginning balance	(26)
Reclassification Adjustments	19
Prior service costs, ending balance	(7)
Postretirement Benefits
Actuarial loss
Actuarial loss, beginning balance	(9,736)
Actuarial Loss	(4,555)
Reclassification Adjustments	383
Actuarial loss, ending balance	$ (13,908)

Benefit Plans - Multiemployer P

Benefit Plans - Multiemployer Plans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Teamsters Plan
Multiemployer Plans [Line Items]
Contribution	$ 924	$ 987	$ 763

Other Liabilities - Summary of

Other Liabilities - Summary of Other Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 29, 2019
Other Liabilities Disclosure [Abstract]
Noncurrent portion of acquisition related contingent consideration	$ 398,674	$ 405,597
Accruals for executive benefit plans	144,101	141,380
Noncurrent deferred proceeds from Territory Conversion Fee	80,591	82,877
Noncurrent deferred proceeds from Legacy Facilities Credit	28,770	29,569
Noncurrent portion of deferred payroll taxes under CARES Act	18,706
Other	8,438	9,143
Total other liabilities	$ 679,280	$ 668,566

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-Term Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Debt Instrument [Line Items]
Debt issuance costs	$ (1,992)	$ (2,528)
Total long-term debt	$ 940,465	1,029,920
Revolving Credit Facility | Nonpublic | Line of Credit
Debt Instrument [Line Items]
Maturity Date	Jun. 8, 2023
Interest Rate, Term	Variable
Interest Paid	Varies
Long-term debt, gross	$ 0	45,000
Term Loan Facility | Nonpublic | Term Loan
Debt Instrument [Line Items]
Maturity Date	Jun. 7, 2021
Interest Rate, Term	Variable
Interest Paid	Varies
Long-term debt, gross	$ 217,500	262,500
3.28% Senior Notes 2/27/2023 | Nonpublic | Senior Notes
Debt Instrument [Line Items]
Maturity Date	Feb. 27, 2023
Interest Rate	3.28%
Interest Paid	Semi-annually
Long-term debt, gross	$ 125,000	125,000
3.80% Senior Notes 11/25/2025 | Public | Senior Bonds
Debt Instrument [Line Items]
Maturity Date	Nov. 25, 2025
Interest Rate	3.80%
Interest Paid	Semi-annually
Long-term debt, gross	$ 350,000	350,000
Unamortized discount on senior notes	$ (43)	(52)
3.93% Senior Notes 10/10/2026 | Nonpublic | Senior Notes
Debt Instrument [Line Items]
Maturity Date	Oct. 10, 2026
Interest Rate	3.93%
Interest Paid	Quarterly
Long-term debt, gross	$ 100,000	100,000
3.96% Senior Notes 3/21/2030 | Nonpublic | Senior Notes
Debt Instrument [Line Items]
Maturity Date	Mar. 21, 2030
Interest Rate	3.96%
Interest Paid	Quarterly
Long-term debt, gross	$ 150,000	$ 150,000

Long-Term Debt - Summary of Deb

Long-Term Debt - Summary of Debt, Textual (Detail)	Dec. 31, 2020USD ($)
Public | 3.80% Senior Notes 11/25/2025 | Senior Bonds
Debt Instrument [Line Items]
Senior notes, issued at par percentage	99.975%
Revolving Credit Facility | Nonpublic
Debt Instrument [Line Items]
Aggregate maximum borrowing capacity	$ 500,000,000
Line of credit facility maximum borrowing capacity increased amount subject to obtaining commitments	$ 750,000,000

Long-Term Debt - Principal Matu

Long-Term Debt - Principal Maturities of Debt Outstanding (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Debt Disclosure [Abstract]
Fiscal 2021	$ 217,500
Fiscal 2022	0
Fiscal 2023	125,000
Fiscal 2024	0
Fiscal 2025	350,000
Thereafter	250,000
Long-term debt	$ 942,500

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019
Debt Instrument [Line Items]
Debt issued by subsidiaries	$ 0
Guarantees of company debt	$ 0
Term Loan Facility | Nonpublic | Term Loan
Debt Instrument [Line Items]
Maturity date of debt instruments	Jun. 7, 2021
Term Loan Facility | Fixed Rate Swap | Nonpublic | Term Loan
Debt Instrument [Line Items]
Debt instrument, face amount		$ 100,000,000
Maturity date of debt instruments	Jun. 7, 2021

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)product	Dec. 29, 2019USD ($)product	Dec. 30, 2018USD ($)product
Loss Contingencies [Line Items]
Letters of credit totaled	$ 37,600,000	$ 35,600,000
Long-term marketing contractual arrangements	$ 164,900,000
Southeastern
Loss Contingencies [Line Items]
Purchase requirements of plastic bottles	80.00%
SAC
Loss Contingencies [Line Items]
Cases of finished product obligated to purchase on an annual basis | product	17,500,000
Purchased number of cases finished product from SAC | product	28,300,000	29,400,000	29,200,000
Debt guarantee for related party	$ 14,700,000	$ 14,700,000
Impairment of investment	$ 0	$ 0	$ 0

Commitments and Contingencies_2

Commitments and Contingencies - Summary of Company's Purchases from Manufacturing Cooperatives (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Loss Contingencies [Line Items]
Total purchases from manufacturing cooperatives	$ 281,517	$ 292,517	$ 280,935
Southeastern
Loss Contingencies [Line Items]
Total purchases from manufacturing cooperatives	125,659	132,328	125,352
SAC
Loss Contingencies [Line Items]
Total purchases from manufacturing cooperatives	$ 155,858	$ 160,189	$ 155,583

Risks and Uncertainties - Addit

Risks and Uncertainties - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020supplierentity
Concentration Risk [Line Items]
Number of domestic supplier of aluminum cans | supplier	2
Number of entities in which reporting entity is shareholder and purchases majority of plastic bottles | entity	2
Total Bottle/Can Sales Volume
Concentration Risk [Line Items]
Concentration risk percentage of related party products volume to customers	84.00%
Collective Bargaining Agreements | Labor Force Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14.00%
Collective Bargaining Agreements | Labor Force Concentration Risk | Minimum
Concentration Risk [Line Items]
Multi-employer plans collective bargaining arrangements, expiration term	3 years
Collective Bargaining Agreements | Labor Force Concentration Risk | Maximum
Concentration Risk [Line Items]
Multi-employer plans collective bargaining arrangements, expiration term	5 years

Risks and Uncertainties - Summa

Risks and Uncertainties - Summary of Percentage of Total Bottle/Can Sales Volume and Percentage Total Net Sales to Its Largest Customers (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Total Bottle/Can Sales Volume | Product Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	32.00%	31.00%	30.00%
Total Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	24.00%	21.00%	22.00%
Wal-Mart Stores, Inc. | Total Bottle/Can Sales Volume | Product Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%	19.00%	19.00%
Wal-Mart Stores, Inc. | Total Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	14.00%	13.00%	14.00%
The Kroger Company | Total Bottle/Can Sales Volume | Product Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	13.00%	12.00%	11.00%
The Kroger Company | Total Net Sales | Customer Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%	8.00%	8.00%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Summary of Accumulated Other Comprehensive (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	$ 451,116	$ 455,166	$ 458,907
Gains (Losses) During the Period, Pre-tax Activity	(10,076)	(26,663)	18,588
Gains (Losses) During the Period, Tax Effect	2,498	(13,161)	(4,573)
Reclassification to Income, Pre-tax Activity	4,684	2,769	3,878
Reclassification to Income, Tax Effect	(1,157)	(682)	(956)
Ending Balance	512,990	451,116	455,166
Reclassification of stranded tax effects
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(19,720)	0
Gains (Losses) During the Period, Pre-tax Activity	0	0
Gains (Losses) During the Period, Tax Effect	0	(19,720)
Reclassification to Income, Pre-tax Activity	0	0
Reclassification to Income, Tax Effect	0	0
Ending Balance	(19,720)	(19,720)	0
Total AOCI
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(115,002)	(77,265)	(94,202)
Ending Balance	(119,053)	(115,002)	(77,265)
Interest rate swap
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(270)	0
Gains (Losses) During the Period, Pre-tax Activity	0	0
Gains (Losses) During the Period, Tax Effect	0	0
Reclassification to Income, Pre-tax Activity	(378)	(359)
Reclassification to Income, Tax Effect	92	89
Ending Balance	(556)	(270)	0
Foreign currency translation adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(16)	0	14
Gains (Losses) During the Period, Pre-tax Activity	0	0	0
Gains (Losses) During the Period, Tax Effect	0	0	0
Reclassification to Income, Pre-tax Activity	41	(19)	(19)
Reclassification to Income, Tax Effect	(11)	3	5
Ending Balance	14	(16)	0
Net Pension Activity | Actuarial loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(93,174)	(72,690)	(78,618)
Gains (Losses) During the Period, Pre-tax Activity	(5,521)	(30,855)	4,036
Gains (Losses) During the Period, Tax Effect	1,369	7,590	(993)
Reclassification to Income, Pre-tax Activity	4,619	3,688	3,830
Reclassification to Income, Tax Effect	(1,140)	(907)	(945)
Ending Balance	(93,847)	(93,174)	(72,690)
Net Pension Activity | Prior service (costs) credits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(7)	(24)	(43)
Gains (Losses) During the Period, Pre-tax Activity	0	0	0
Gains (Losses) During the Period, Tax Effect	0	0	0
Reclassification to Income, Pre-tax Activity	19	22	25
Reclassification to Income, Tax Effect	(4)	(5)	(6)
Ending Balance	8	(7)	(24)
Net Postretirement Benefits Activity | Actuarial loss
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(1,191)	(4,902)	(17,299)
Gains (Losses) During the Period, Pre-tax Activity	(4,555)	4,192	14,552
Gains (Losses) During the Period, Tax Effect	1,129	(1,031)	(3,580)
Reclassification to Income, Pre-tax Activity	383	730	1,889
Reclassification to Income, Tax Effect	(94)	(180)	(464)
Ending Balance	(4,328)	(1,191)	(4,902)
Net Postretirement Benefits Activity | Prior service (costs) credits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	(624)	351	1,744
Gains (Losses) During the Period, Pre-tax Activity	0	0	0
Gains (Losses) During the Period, Tax Effect	0	0	0
Reclassification to Income, Pre-tax Activity	0	(1,293)	(1,847)
Reclassification to Income, Tax Effect	0	318	454
Ending Balance	$ (624)	$ (624)	$ 351

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Summary of Impact on Income Statement Line Items (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									$ 3,238,448	$ 3,156,047	$ 3,069,652
Selling, delivery and administrative expenses									1,455,531	1,489,748	1,497,810
Subtotal pre-tax									(241,040)	(34,225)	13,287
Income tax expense									58,943	15,665	1,869
Total after tax effect	$ (66,378)	$ (51,884)	$ (39,569)	$ (14,662)	$ 10,170	$ (13,006)	$ (15,370)	$ 6,831	(172,493)	(11,375)	19,930
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									1,539	792	893
Selling, delivery and administrative expenses									3,145	1,977	2,984
Subtotal pre-tax									4,684	2,769	3,877
Income tax expense									1,157	682	955
Total after tax effect									3,527	2,087	2,922
Reclassification out of Accumulated Other Comprehensive Income | Interest Rate Swap
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									0	0
Selling, delivery and administrative expenses									(378)	(359)
Subtotal pre-tax									(378)	(359)
Income tax expense									(92)	(89)
Total after tax effect									(286)	(270)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Translation Adjustment
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									0	0	0
Selling, delivery and administrative expenses									41	(19)	(19)
Subtotal pre-tax									41	(19)	(19)
Income tax expense									11	(3)	(5)
Total after tax effect									30	(16)	(14)
Net Pension Activity | Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									1,393	1,003	886
Selling, delivery and administrative expenses									3,245	2,707	2,968
Subtotal pre-tax									4,638	3,710	3,854
Income tax expense									1,144	912	950
Total after tax effect									3,494	2,798	2,904
Net Postretirement Benefits Activity | Reclassification out of Accumulated Other Comprehensive Income | Defined Benefit Plans
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales									146	(211)	7
Selling, delivery and administrative expenses									237	(352)	35
Subtotal pre-tax									383	(563)	42
Income tax expense									94	(138)	10
Total after tax effect									$ 289	$ (425)	$ 32

Supplemental Disclosures of C_3

Supplemental Disclosures of Cash Flow Information - Summary of Changes in Current Assets and Current Liabilities Affecting Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Accounts receivable, trade	$ 8,107	$ 3,338	$ (40,868)
Allowance for doubtful accounts	7,838	4,641	1,535
Accounts receivable from The Coca-Cola Company	13,208	(17,496)	11,643
Accounts receivable, other	6,010	(12,601)	8,467
Inventories	169	(15,893)	(26,415)
Prepaid expenses and other current assets	(4,685)	458	29,785
Accounts payable, trade	31,378	28,808	(36,355)
Accounts payable to The Coca-Cola Company	(1,518)	938	(36,095)
Other accrued liabilities	(3,693)	(40,955)	62,892
Accrued compensation	(205)	18,228	(1,943)
Accrued interest payable	(1,002)	(1,147)	967
Change in current assets less current liabilities	$ 55,607	$ (31,681)	$ (26,387)

Supplemental Disclosures of C_4

Supplemental Disclosures of Cash Flow Information - Net Cash Payments (Refunds) During the Period for Interest and Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Supplemental Cash Flow Elements [Abstract]
Income taxes	$ 55,755	$ 6,309	$ (36,991)
Interest	$ 34,257	$ 43,397	$ 45,067

Supplemental Disclosures of C_5

Supplemental Disclosures of Cash Flow Information - Significant Noncash Investing and Financing Activities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Noncash Investing And Financing Activities [Line Items]
Additions to leased property under financing leases	$ 61,121	$ 0	$ 0
Right-of-use assets obtained in exchange for operating lease obligations	42,698	38,713	0
Additions to property, plant and equipment accrued and recorded in accounts payable, trade	17,025	19,452	13,675
Class B Common Stock
Noncash Investing And Financing Activities [Line Items]
Issuance of Class B Common Stock in connection with stock award	$ 0	$ 4,776	$ 3,831

Quarterly Financial Data (Una_3

Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Class of Stock [Line Items]
Net sales	$ 1,278,637	$ 1,328,484	$ 1,227,215	$ 1,173,021	$ 1,178,949	$ 1,271,029	$ 1,273,659	$ 1,102,912	$ 5,007,357	$ 4,826,549	$ 4,625,364
Gross profit	461,875	472,438	429,301	405,295	413,191	432,224	435,779	389,308	1,768,909	1,670,502	1,555,712
Income from operations	93,595	103,844	83,118	32,821	39,540	53,846	67,214	20,154	313,378	180,754	57,902
Net income (loss) attributable to Coca‑Cola Consolidated, Inc.	$ 66,378	$ 51,884	$ 39,569	$ 14,662	$ (10,170)	$ 13,006	$ 15,370	$ (6,831)	$ 172,493	$ 11,375	$ (19,930)
Common Stock
Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 7.08	$ 5.53	$ 4.23	$ 1.56	$ (1.09)	$ 1.39	$ 1.64	$ (0.73)	$ 18.40	$ 1.21	$ (2.13)
Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	7.05	5.51	4.19	1.55	(1.08)	1.38	1.64	(0.73)	18.30	1.21	(2.13)
Class B Common Stock
Basic net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	7.08	5.53	4.23	1.56	(1.09)	1.39	1.64	(0.73)	18.40	1.21	(2.13)
Diluted net income (loss) per share based on net income (loss) attributable to Coca‑Cola Consolidated, Inc.:
Common Stock (in dollars per share)	$ 7.04	$ 5.51	$ 4.18	$ 1.55	$ (1.09)	$ 1.38	$ 1.63	$ (0.73)	$ 18.28	$ 1.19	$ (2.13)

Quarterly Financial Data (Una_4

Quarterly Financial Data (Unaudited) - Schedule of Quarterly Financial Data - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 27, 2020	Jun. 28, 2020	Mar. 29, 2020	Dec. 29, 2019	Sep. 29, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Quarterly Financial Data [Line Items]
Net sales	$ 1,278,637	$ 1,328,484	$ 1,227,215	$ 1,173,021	$ 1,178,949	$ 1,271,029	$ 1,273,659	$ 1,102,912	$ 5,007,357	$ 4,826,549	$ 4,625,364
Gross profit	461,875	472,438	429,301	405,295	413,191	432,224	435,779	389,308	1,768,909	1,670,502	1,555,712
Selling, delivery and administrative expenses									$ 1,455,531	$ 1,489,748	$ 1,497,810
Expenses related to the System Transformation
Quarterly Financial Data [Line Items]
Pre-tax income (expense) impact					0	0	(2,185)	(4,730)
Expenses related to supply chain and asset optimization
Quarterly Financial Data [Line Items]
Pre-tax income (expense) impact	(548)	(3,122)	(641)	(77)	$ (5,702)	$ (3,581)	$ (1,294)	$ 0
Income related to extra days in fiscal year
Quarterly Financial Data [Line Items]
Pre-tax income (expense) impact	$ 7,354	$ 0	$ 0	$ 0
Number of extra days in fiscal year 2020 compared to fiscal year 2019									4 days
Net sales									$ 59,000
Gross profit									22,000
Selling, delivery and administrative expenses									$ 14,000

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 29, 2019	Dec. 30, 2018
Allowance for Doubtful Accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	$ 13,782	$ 9,141	$ 7,606
Additions charged to expenses and as reductions to net sales	14,265	9,769	9,964
Deductions	(6,427)	(5,128)	(8,429)
Ending balance	21,620	13,782	9,141
Valuation Allowance for Deferred Tax Assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	7,190	5,899	4,337
Additions charged to expenses and as reductions to net sales	163	1,291	1,562
Deductions credited to expense	(2,028)	0	0
Ending balance	$ 5,325	$ 7,190	$ 5,899