View Filing Data

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2014	Apr. 28, 2014
Document and Entity Information
Entity Registrant Name	Monster Beverage Corp
Entity Central Index Key	0000865752
Document Type	10-Q
Document Period End Date	Mar. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		167,077,394
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
CURRENT ASSETS:
Cash and cash equivalents	$ 312,020	$ 211,349
Short-term investments	438,932	402,247
Accounts receivable, net	342,140	291,638
Distributor receivables	3,646	4,542
Inventories	204,061	221,449
Prepaid expenses and other current assets	28,482	21,376
Prepaid income taxes	5,008	9,518
Deferred income taxes	20,924	20,924
Total current assets	1,355,213	1,183,043
INVESTMENTS	8,131	9,792
PROPERTY AND EQUIPMENT, net	91,733	88,143
DEFERRED INCOME TAXES	63,443	63,611
INTANGIBLES, net	65,525	65,774
OTHER ASSETS	9,538	10,146
Total Assets	1,593,583	1,420,509
CURRENT LIABILITIES:
Accounts payable	125,581	119,376
Accrued liabilities	71,959	59,113
Accrued promotional allowances	113,846	99,470
Deferred revenue	14,034	13,832
Accrued compensation	9,046	14,864
Income taxes payable	45,900	9,359
Total current liabilities	380,366	316,014
DEFERRED REVENUE	110,491	112,216
COMMITMENTS AND CONTINGENCIES (Note 10)
STOCKHOLDERS' EQUITY:
Common stock - $0.005 par value; 240,000 shares authorized; 206,266 shares issued and 167,074 outstanding as of March 31, 2014; 206,014 shares issued and 166,822 outstanding as of December 31, 2013	1,031	1,030
Additional paid-in capital	383,183	368,069
Retained earnings	1,942,575	1,847,325
Accumulated other comprehensive loss	(1,131)	(1,233)
Common stock in treasury, at cost; 39,192 and 39,192 shares as of March 31, 2014 and December 31, 2013, respectively	(1,222,932)	(1,222,912)
Total stockholders' equity	1,102,726	992,279
Total Liabilities and Stockholders' Equity	$ 1,593,583	$ 1,420,509

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Mar. 31, 2014	Dec. 31, 2013
CONDENSED CONSOLIDATED BALANCE SHEETS
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized	240,000	240,000
Common stock, shares issued	206,266	206,014
Common stock, shares outstanding	167,074	166,822
Common stock in treasury, shares	39,192	39,192

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
NET SALES	$ 536,129	$ 484,223
COST OF SALES	249,311	232,184
GROSS PROFIT	286,818	252,039
OPERATING EXPENSES	137,955	144,733
OPERATING INCOME	148,863	107,306
OTHER INCOME (EXPENSE):
Interest and other income (expense), net	155	(4,473)
(Loss) gain on investments and put options, net (Note 3)	(1)	2,571
Total other income (expense)	154	(1,902)
INCOME BEFORE PROVISION FOR INCOME TAXES	149,017	105,404
PROVISION FOR INCOME TAXES	53,767	41,908
NET INCOME	$ 95,250	$ 63,496
NET INCOME PER COMMON SHARE:
Basic (in dollars per share)	$ 0.57	$ 0.38
Diluted (in dollars per share)	$ 0.55	$ 0.37
WEIGHTED AVERAGE NUMBER OF SHARES OF COMMON STOCK AND COMMON STOCK EQUIVALENTS:
Basic (in shares)	166,913	165,525
Diluted (in shares)	173,741	172,559

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income, as reported	$ 95,250	$ 63,496
Other comprehensive income (loss):
Change in foreign currency translation adjustment	102	(1,092)
Available-for-sale investments:
Reclassification adjustment for net gains included in net income		(1,525)
Net change in available-for-sale investments		(1,525)
Other comprehensive income (loss)	102	(2,617)
Comprehensive income	$ 95,352	$ 60,879

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 95,250	$ 63,496
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,453	5,060
Gain on disposal of property and equipment	(100)	(2)
Stock-based compensation	6,986	6,959
Loss (gain) on put option	67	(83)
Gain on investments, net	(66)	(2,489)
Deferred income taxes	168	(398)
Tax benefit from exercise of stock options	(2,602)	(176)
Effect on cash of changes in operating assets and liabilities:
Accounts receivable	(42,544)	(69,713)
Distributor receivables	947	(8,314)
Inventories	17,410	(14,080)
Prepaid expenses and other current assets	(7,110)	(10,584)
Prepaid income taxes	4,417	27,417
Accounts payable	6,068	7,479
Accrued liabilities	4,610	9,879
Accrued promotional allowances	14,708	13,939
Accrued distributor terminations		7,372
Accrued compensation	(5,838)	(5,377)
Income taxes payable	39,095	9,270
Deferred revenue	(1,517)	6,238
Net cash provided by operating activities	136,402	45,893
CASH FLOWS FROM INVESTING ACTIVITIES:
Maturities of held-to-maturity investments	151,035	66,344
Sales of trading investments	1,725
Purchases of held-to-maturity investments	(187,718)	(69,464)
Purchases of property and equipment	(9,871)	(8,732)
Proceeds from sale of property and equipment	237	18
Decrease (increase) in intangibles	105	(3,362)
Decrease (increase) in other assets	543	(219)
Net cash used in investing activities	(43,944)	(15,415)
CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on debt	(620)	(296)
Tax benefit from exercise of stock options	2,602	176
Issuance of common stock	5,728	2,381
Purchases of common stock held in treasury	(20)	(13,361)
Net cash provided by (used in) financing activities	7,690	(11,100)
Effect of exchange rate changes on cash and cash equivalents	523	641
NET INCREASE IN CASH AND CASH EQUIVALENTS	100,671	20,019
CASH AND CASH EQUIVALENTS, beginning of period	211,349	222,514
CASH AND CASH EQUIVALENTS, end of period	312,020	242,533
Cash paid during the period for:
Interest	12	5
Income taxes	$ 9,747	$ 5,663

CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
CONSOLIDATED STATEMENTS OF CASH FLOWS NON-CASH SUPPLEMENTAL DATA
Accounts payable for property and equipment purchases	$ 0.2	$ 2.0

BASIS OF PRESENTATION	3 Months Ended
BASIS OF PRESENTATION	Mar. 31, 2014
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION Reference is made to the Notes to Consolidated Financial Statements, in Monster Beverage Corporation and Subsidiaries (the “Company” or, in reference to the Company’s former name, “Hansen Natural Corporation”) Annual Report on Form 10-K for the year ended December 31, 2013 (“Form 10-K”) for a summary of significant accounting policies utilized by the Company and its consolidated subsidiaries and other disclosures, which should be read in conjunction with this Quarterly Report on Form 10-Q (“Form 10-Q”). The Company’s condensed consolidated financial statements included in this Form 10-Q have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and Securities and Exchange Commission (“SEC”) rules and regulations applicable to interim financial reporting. They do not include all the information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP. The information set forth in these interim condensed consolidated financial statements for the three-months ended March 31, 2014 and 2013 is unaudited and reflects all adjustments, which include only normal recurring adjustments and which in the opinion of management are necessary to make the interim condensed consolidated financial statements not misleading. Results of operations for periods covered by this report may not necessarily be indicative of results of operations for the full year. The preparation of financial statements in conformity with GAAP necessarily requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from these estimates.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228881-111685

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-SubTopic 15
-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 915
-SubTopic 235
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

+ Details

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
RECENT ACCOUNTING PRONOUNCEMENTS	Mar. 31, 2014
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In April 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-08, “Presentation of Financial Statements and Property, Plant, and Equipment - Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”. ASU 2014-08 provides new guidance related to the definition of a discontinued operation and requires new disclosures of both discontinued operations and certain other disposals that do not meet the definition of a discontinued operation. This new guidance is effective for fiscal years beginning on or after December 15, 2014 and interim periods within those years. The adoption of ASU 2014-08 is not expected to have a material impact on the Company’s financial position, results of operations or liquidity.

INVESTMENTS

3 Months Ended

Mar. 31, 2014

INVESTMENTS

INVESTMENTS

3. INVESTMENTS

The following table summarizes the Company’s investments at:

March 31, 2014	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Certificates of deposit	$	22,043	$	-	$	-	$	22,043	$	-	$	-
Commercial paper	9,990		-		-		9,990		-		-
Municipal securities	400,504		25		-		400,529		-		-
Total	$	432,537	$	25	$	-	432,562		$	-	$	-

Trading
Short-term:
Auction rate securities							6,395
Long-term:
Auction rate securities							8,131
Total							$	447,088

December 31, 2013	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Certificates of deposit	$	22,045	$	-	$	-	$	22,045	$	-	$	-
Commercial paper	5,991		-		-		5,991		-		-
Municipal securities	367,819		48		-		367,867		-		-
Total	$	395,855	$	48	$	-	395,903		$	-	$	-

Trading
Short-term:
Auction rate securities							6,392
Long-term:
Auction rate securities							9,792
Total							$	412,087

During the three-months ended March 31, 2014, realized gains or losses recognized on the sale of investments were not significant. During the year ended December 31, 2013, the Company recognized $2.5 million of realized gains on the sale of available-for-sale investments. Realized gains or losses on the sale of all other investments during the year ended December 31, 2013 were not significant.

The Company recognized a net gain through earnings on its trading securities as follows:

	Three-Months Ended March 31,
	2014			2013
Gain on trading securities sold	$	131		$	-
(Loss) gain on trading securities held	(64		)	6
Gain on trading securites	$	67		$	6

The Company’s investments at March 31, 2014 and December 31, 2013 in certificates of deposit, commercial paper and/or municipal securities carried investment grade credit ratings. All of the Company’s investments at March 31, 2014 and December 31, 2013 in municipal, educational or other public body securities with an auction reset feature (“auction rate securities”) also carried investment grade credit ratings.

The following table summarizes the underlying contractual maturities of the Company’s investments at:

	March 31, 2014				December 31, 2013
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Certificates of deposit	$	22,043	$	22,043	$	22,045	$	22,045
Commercial paper	9,990		9,990		5,991		5,991
Municipal securities	400,504		400,529		367,819		367,867
Due 11 - 20 years:
Auction rate securities	11,053		11,053		11,102		11,102
Due 21 - 30 years:
Auction rate securities	3,473		3,473		5,082		5,082
Total	$	447,063	$	447,088	$	412,039	$	412,087

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References + Details

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

3 Months Ended

Mar. 31, 2014

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

4. FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Accounting Standards Codification (“ASC”) 820 provides a framework for measuring fair value and requires expanded disclosures regarding fair value measurements. ASC 820 defines fair value as the price that would be received on the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs, where available. The three levels of inputs required by the standard that the Company uses to measure fair value are summarized below.

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

· Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the related assets or liabilities.

· Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

ASC 820 requires the use of observable market inputs (quoted market prices) when measuring fair value and requires a Level 1 quoted price to be used to measure fair value whenever possible.

The following tables present the Company’s held-to-maturity investments at amortized cost as well as the fair value of the Company’s financial assets and liabilities that are recorded at fair value on a recurring basis, segregated among the appropriate levels within the fair value hierarchy at:

March 31, 2014	Level 1		Level 2			Level 3		Total
Cash	$	207,079	$	-		$	-	$	207,079
Money market funds	73,014		-			-		73,014
Certificates of deposit	-		22,043			-		22,043
Commercial paper	-		9,990			-		9,990
Municipal securities	-		432,431			-		432,431
Auction rate securities	-		-			14,526		14,526
Put option related to auction rate securities	-		-			1,024		1,024
Foreign currency derivatives	-		(21		)	-		(21		)
Total	$	280,093	$	464,443		$	15,550	$	760,086

Amounts included in:
Cash and cash equivalents	$	280,093	$	31,927		$	-	$	312,020
Short-term investments	-		432,537			6,395		438,932
Accounts receivable, net	-		349			-		349
Investments	-		-			8,131		8,131
Prepaid expenses and other current assets	-		-			485		485
Other assets	-		-			539		539
Accrued liabilities	-		(370		)	-		(370		)
Total	$	280,093	$	464,443		$	15,550	$	760,086

December 31, 2013	Level 1		Level 2		Level 3		Total
Cash	$	139,300	$	-	$	-	$	139,300
Money market funds	60,102		-		-		60,102
Certificates of deposit	-		22,045		-		22,045
Commercial paper	-		5,991		-		5,991
Municipal securities	-		379,766		-		379,766
Auction rate securities	-		-		16,184		16,184
Put option related to auction rate securities	-		-		1,092		1,092
Total	$	199,402	$	407,802	$	17,276	$	624,480

Amounts included in:
Cash and cash equivalents	$	199,402	$	11,947	$	-	$	211,349
Short-term investments	-		395,855		6,392		402,247
Investments	-		-		9,792		9,792
Prepaid expenses and other current assets	-		-		486		486
Other assets	-		-		606		606
Total	$	199,402	$	407,802	$	17,276	$	624,480

The majority of the Company’s short-term investments are classified within Level 1 or Level 2 of the fair value hierarchy. The Company’s valuation of its Level 1 investments, which include money market funds, is based on quoted market prices in active markets for identical securities. The Company’s valuation of its Level 2 investments, which include certificates of deposit, commercial paper and municipal securities, is based on other observable inputs, specifically a market approach which utilizes valuation models, pricing systems, mathematical tools and other relevant information for the same or similar securities. The Company’s valuation of its Level 2 foreign exchange contracts is based on quoted market prices of the same or similar instruments, adjusted for counterparty risk. There were no transfers between Level 1 and Level 2 measurements during the three-months ended March 31, 2014 or the year ended December 31, 2013, and there were no changes in the Company’s valuation techniques.

The Company’s Level 3 assets are comprised of auction rate securities and put options. The Company’s Level 3 valuation utilized a mark-to-model approach which included estimates for interest rates, timing and amount of cash flows, credit and liquidity premiums, as well as expected holding periods for the auction rate securities. These assumptions are typically volatile and subject to change as the underlying data sources and market conditions evolve. A significant change in any single input could have a significant valuation impact; however, no single input has a more significant impact on valuation than another. There were no changes in the Company’s valuation techniques of its Level 3 assets during the three-months ended March 31, 2014.

The following table presents quantitative information related to the significant unobservable inputs utilized in the Company’s Level 3 recurring fair value measurements as of March 31, 2014.

	Valuation Technique	Unobservable Input	Range (Weighted-Average)
Auction Rate Securities: Trading	Discounted cash flow	Maximum rate probability	0.61%-2.48% (1.53%)
		Principal returned probability	85.58%-94.70% (86.91%)
		Default probability	4.28%-12.18% (11.56%)
		Liquidity risk	3.00%-3.00% (3.00%)
		Recovery rate	60-60 (60)

Put Options	Discounted cash flow	Counterparty risk	0.43%-0.68% (0.51%)

At March 31, 2014, the Company held auction rate securities with a face value of $15.5 million (amortized cost basis of $14.5 million). A Level 3 valuation was performed on the Company’s auction rate securities as of March 31, 2014 resulting in a fair value of $14.5 million for the Company’s trading auction rate securities (after a $1.0 million impairment), which are included in short-term and long-term investments.

In June 2011, the Company entered into an agreement (the “2011 ARS Agreement”), related to $24.5 million of par value auction rate securities (the “2011 ARS Securities”). Under the 2011 ARS Agreement, the Company has the right to sell the 2011 ARS Securities including all accrued but unpaid interest thereon (the “2011 Put Option”) as follows: (i) on or after July 1, 2013, up to $1.0 million aggregate par value; (ii) on or after October 1, 2013, up to an additional $1.0 million aggregate par value; and (iii) in quarterly installments thereafter based on a formula of the then outstanding 2011 ARS Securities, as adjusted for normal market redemptions, with full sale rights available on or after April 1, 2016. The 2011 ARS Securities will continue to accrue interest until redeemed through the 2011 Put Option, or as determined by the auction process, or should the auction process fail, the terms outlined in the prospectus of the respective 2011 ARS Securities. Under the 2011 ARS Agreement, the Company has the obligation, should it receive written notification from the put issuer, to sell the 2011 ARS Securities at par plus all accrued but unpaid interest. During the three-months ended March 31, 2014, $1.7 million of 2011 ARS Securities were redeemed at par through the exercise of a portion of the 2011 Put Option ($2.3 million, $1.3 million and $3.7 million of par value 2011 ARS Securities were redeemed at par during the years ended December 31, 2013, 2012 and 2011, respectively). Subsequent to March 31, 2014, $1.7 million of 2011 ARS Securities were redeemed at par through the exercise of a portion of the 2011 Put Option. The 2011 Put Option does not meet the definition of derivative instruments under ASC 815. Therefore, the Company elected the fair value option under ASC 825-10 in accounting for the 2011 Put Option. As of March 31, 2014, the Company recorded $1.0 million as the fair market value of the 2011 Put Option, included in prepaid expenses and other current assets, as well as in other assets, in the condensed consolidated balance sheet.

The net effect of (i) the revaluation of the 2011 Put Option as of March 31, 2014; (ii) the redemption at par of certain 2011 ARS Securities; and (iii) the revaluation of the Company’s trading auction rate securities as of March 31, 2014 resulted in a loss of $0.001 million, which is included in other income (expense) for the three-months ended March 31, 2014. The net effect of (i) the revaluation of the 2011 Put Option as of March 31, 2013; (ii) the revaluation of the Company’s trading auction rate securities as of March 31, 2013; and (iii) a recognized gain resulting from the redemption of previously other-than-temporary impaired securities resulted in a gain of $2.6 million, which is included in other income (expense) for the three-months ended March 31, 2013.

The following table provides a summary reconciliation of the Company’s financial assets that are recorded at fair value on a recurring basis using significant unobservable inputs (Level 3):

	Three-Months Ended March 31, 2014				Three-Months Ended March 31, 2013
	Auction Rate Securities		Put Options		Auction Rate Securities		Put Options
Opening Balance	$	16,184	$	1,092	$	23,156	$	1,929
Transfers into Level 3	-		-		-		-
Transfers out of Level 3	-		-		-		-
Total gains (losses) for the period:
Included in earnings	67		(68)		2,489		82
Included in other comprehensive income	-		-		(2,483)		-
Settlements	(1,725)		-		(5,792)		-
Closing Balance	$	14,526	$	1,024	$	17,370	$	2,011

- Definition

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

+ References + Details

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

3 Months Ended

Mar. 31, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

5. DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to foreign currency exchange rate risks related primarily to its foreign business operations. During the three-months ended March 31, 2014, the Company entered into forward currency exchange contracts with financial institutions to create an economic hedge to specifically manage a portion of the foreign exchange risk exposure associated with certain consolidated subsidiaries’ non-functional currency denominated assets and liabilities. All foreign currency exchange contracts entered into by the Company as of March 31, 2014 have terms of one month or less. The Company does not enter into forward currency exchange contracts for speculation or trading purposes.

The Company has not designated its foreign currency exchange contracts as hedge transactions under ASC 815. Therefore, gains and losses on the Company’s foreign currency exchange contracts are recognized in interest and other income (expense), net, in the condensed consolidated statements of income, and are largely offset by the changes in the fair value of the underlying economically hedged item.

The notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets consist of the following at:

	March 31,2014
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	12,234	$	70	Accounts receivable, net
Receive USD/pay JPY	24,216		279		Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	15,577	$	(8)	Accrued liabilities
Receive USD/pay AUD	9,204		(51)		Accrued liabilities
Receive USD/pay ZAR	14,713		(235)		Accrued liabilities
Receive USD/pay MXN	3,742		(25)		Accrued liabilities
Receive USD/pay CLP	5,106		(46)		Accrued liabilities
Receive USD/pay COP	2,229		(5)		Accrued liabilities

The Company had no foreign currency exchange contracts outstanding at December 31, 2013.

The net losses on derivative instruments in the condensed consolidated statements of income were as follows:

		Amount of loss recognized in income on derivatives
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	March 31, 2014		March 31, 2013
Foreign currency exchange contracts	Interest and other income (expense), net	$	359	$	-

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80748-113994

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41635-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(n))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

INVENTORIES

3 Months Ended

Mar. 31, 2014

INVENTORIES

INVENTORIES

6. INVENTORIES

Inventories consist of the following at:

	March 31, 2014		December 31, 2013
Raw materials	$	64,550	$	68,088
Finished goods	139,511		153,361
	$	204,061	$	221,449

PROPERTY AND EQUIPMENT, Net

3 Months Ended

Mar. 31, 2014

PROPERTY AND EQUIPMENT, Net

PROPERTY AND EQUIPMENT, Net

7. PROPERTY AND EQUIPMENT, Net

Property and equipment consist of the following at:

	March 31, 2014		December 31, 2013
Land	$	5,382	$	5,382
Leasehold improvements	2,737		2,222
Furniture and fixtures	3,494		3,474
Office and computer equipment	14,514		14,135
Computer software	655		791
Equipment	66,752		62,552
Buildings	37,980		33,468
Vehicles	29,860		30,442
	161,374		152,466
Less: accumulated depreciation and amortization	(69,641)		(64,323)
	$	91,733	$	88,143

INTANGIBLES, Net

3 Months Ended

Mar. 31, 2014

INTANGIBLES, Net

INTANGIBLES, Net

8. INTANGIBLES, Net

Intangibles consist of the following at:

	March 31, 2014		December 31, 2013
Amortizing intangibles	$	1,140	$	1,076
Accumulated amortization	(665)		(590)
	475		486
Non-amortizing intangibles	65,050		65,288
	$	65,525	$	65,774

All amortizing intangibles have been assigned an estimated useful life and such intangibles are amortized on a straight-line basis over the number of years that approximate their respective useful lives ranging from one to 25 years (weighted-average life of 19 years). Amortization expense was $0.1 million and $0.01 million for the three-months ended March 31, 2014 and 2013, respectively.

DISTRIBUTION AGREEMENTS	3 Months Ended
DISTRIBUTION AGREEMENTS	Mar. 31, 2014
DISTRIBUTION AGREEMENTS
DISTRIBUTION AGREEMENTS	9. DISTRIBUTION AGREEMENTS Amounts received pursuant to new and/or amended distribution agreements entered into with certain distributors, relating to the costs associated with terminating agreements with the Company’s prior distributors, have been accounted for as deferred revenue in the accompanying condensed consolidated balance sheets and are recognized as revenue ratably over the anticipated life of the respective distribution agreement, generally 20 years. Revenue recognized was $1.9 million and $2.4 million for the three-months ended March 31, 2014 and 2013, respectively. The Company incurred termination costs to certain of its prior distributors amounting to $0.01 million and $8.3 million in aggregate for the three-months ended March 31, 2014 and 2013, respectively. Such termination costs have been expensed in full and are included in operating expenses for the three-months ended March 31, 2014 and 2013.

COMMITMENTS AND CONTINGENCIES	3 Months Ended
COMMITMENTS AND CONTINGENCIES	Mar. 31, 2014
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	10. COMMITMENTS AND CONTINGENCIES The Company had purchase commitments aggregating approximately $31.3 million at March 31, 2014, which represented commitments made by the Company and its subsidiaries to various suppliers of raw materials for the production of its products. These obligations vary in terms, but are generally satisfied within one year. The Company had contractual obligations aggregating approximately $92.9 million at March 31, 2014, which related primarily to sponsorships and other marketing activities. The Company had operating lease commitments aggregating approximately $14.8 million at March 31, 2014, which related primarily to warehouse and office space. Value Added Tax (“VAT”) – The Company sought guidance from Her Majesty’s Revenue & Customs (“HMRC”), the VAT taxing authority in the United Kingdom, to determine if the Company should have charged VAT in the United Kingdom on a portion of the Company’s sales beginning May 26, 2010. The Company did not receive conclusive guidance from HMRC and has taken the position that it should only have charged VAT beginning October 3, 2013, pursuant to a new production agreement effective on this date. As a result, the Company has recorded for the period from October 3, 2013 to March 31, 2014, an $8.7 million VAT receivable and an $8.7 million VAT payable included in accounts receivable, net and accrued liabilities, respectively, in the accompanying condensed consolidated balance sheet at March 31, 2014. Should it be determined that VAT should have been charged on such sales beginning on May 26, 2010, such VAT would represent a pass-through tax in the United Kingdom and would result in an adjustment to accounts receivable and a corresponding adjustment to accrued liabilities on the balance sheet and have no impact on the Company’s results of operations. The Company estimates the maximum amount of the potential VAT pass-through tax for the period beginning on May 26, 2010 through October 3, 2013 to be $47.1 million. If it is determined that the Company should have charged VAT on such sales prior to October 3, 2013, it is possible that a tax penalty may be assessed by HMRC. However, the Company believes that any such penalty would not have a material impact on its financial position, results of operations or liquidity. Litigation – On October 17, 2012, Wendy Crossland and Richard Fournier filed a lawsuit in the Superior Court of the State of California, County of Riverside, styled Wendy Crossland and Richard Fournier v. Monster Beverage Corporation, against the Company claiming that the death of their 14 year old daughter (Anais Fournier) was caused by her consumption of two 24-ounce Monster Energy® drinks over the course of two days in December 2011. The plaintiffs allege strict product liability, negligence, fraudulent concealment, breach of implied warranties and wrongful death. The plaintiffs claim general damages in excess of $25,000 and punitive damages. The Company filed a demurrer and a motion to strike the plaintiffs’ complaint on November 19, 2012, and the plaintiffs filed a first amended complaint on December 19, 2012. The Company filed its answer to the first amended complaint on June 7, 2013. The parties attended a court ordered mediation on January 23, 2014. Discovery has commenced but no trial date has been set. The Company believes that the plaintiffs’ complaint is without merit and plans a vigorous defense. The Company also believes that any such damages, if awarded, would not have a material adverse effect on the Company’s financial position or results of operations. The Company has also been named as a defendant in other complaints containing similar allegations to those presented in the Fournier lawsuit, each of which the Company believes is also without merit and would not have a material adverse effect on the Company’s financial position or results of operations in the event any damages were awarded. Securities Litigation – On September 11, 2008, a federal securities class action complaint styled Cunha v. Hansen Natural Corp., et al. was filed in the United States District Court for the Central District of California (the “District Court”). On September 17, 2008, a second federal securities class action complaint styled Brown v. Hansen Natural Corp., et al. was also filed in the District Court. After the District Court consolidated the two actions and appointed the Structural Ironworkers Local Union #1 Pension Fund as lead plaintiff, a Consolidated Complaint for Violations of Federal Securities Laws was filed on August 28, 2009 (the “Consolidated Class Action Complaint”). The Consolidated Class Action Complaint purported to be brought on behalf of a class of purchasers of the Company’s stock during the period November 9, 2006 through November 8, 2007 (the “Class Period”). It named as defendants the Company, Rodney C. Sacks, Hilton H. Schlosberg, and Thomas J. Kelly. Plaintiff principally alleged that, during the Class Period, the defendants made false and misleading statements relating to the Company’s distribution coordination agreements with Anheuser-Busch, Inc. (“AB”) and its sales of “Allied” energy drink lines, and engaged in sales of shares in the Company on the basis of material non-public information. Plaintiff also alleged that the Company’s financial statements for the second quarter of 2007 did not include certain promotional expenses. The Consolidated Class Action Complaint alleged violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, and sought an unspecified amount of damages. The District Court dismissed the Consolidated Class Action Complaint, with leave to amend, on July 12, 2010. Plaintiff thereafter filed a Consolidated Amended Class Action Complaint for Violations of Federal Securities Laws on August 27, 2010 (the “Amended Class Action Complaint”). While similar in many respects to the Consolidated Class Action Complaint, the Amended Class Action Complaint dropped certain of the allegations set forth in the Consolidated Class Action Complaint and made certain new allegations, including that the Company engaged in “channel stuffing” during the Class Period that rendered false or misleading the Company’s reported sales results and certain other statements made by the defendants. In addition, it no longer named Thomas J. Kelly as a defendant. On September 4, 2012, the District Court dismissed certain of the claims in the Amended Class Action Complaint, including plaintiff’s allegations relating to promotional expenses, but denied defendants’ motion to dismiss with regard to the majority of plaintiff’s claims, including plaintiff’s channel stuffing allegations. Plaintiff filed a motion seeking class certification on December 6, 2012, which the court denied, without prejudice, on January 17, 2014. Following a mediation conducted by an independent mediator, the Company entered into a Stipulation of Settlement on April 16, 2014 that, if approved by the District Court, will resolve the litigation and result in the action being dismissed with prejudice. A preliminary approval hearing with respect to the proposed settlement is scheduled for June 19, 2014. Under the terms of the proposed settlement, the Company has agreed that certain of its insurance carriers will pay $16.25 million into an escrow account for distribution to a proposed settlement class, certified by the District Court for settlement purposes only and consisting of all persons who purchased or otherwise acquired the Company’s stock during the Class Period. Excluded from the proposed settlement class are the Company’s officers and directors, members of their immediate families and their legal representatives, heirs, successors or assigns and any entity in which defendants have or had a controlling interest, as well as any putative member of the settlement class who submits a valid and timely request for exclusion in the manner ultimately approved by the District Court. Under the proposed settlement, defendants and various of their related persons and entities will receive a full release of all claims that were or could have been brought in the action as well as all claims that arise out of, are based upon or relate to the allegations, transactions, facts, representations, omissions or other matters involved in the complaints filed in the action or any statement communicated to the public during the Class Period, and the purchase, acquisition or sale of the Company’s stock during the Class Period. The proposed settlement contains no admission of any liability or wrongdoing on the part of the defendants, each of whom continues to deny all of the allegations against them and believes that the claims are without merit. Because the full amount of the proposed settlement will be paid by the Company’s insurance carriers, the settlement will not have an effect on the Company’s results of operations. State Attorney General Inquiry – In July 2012, the Company received a subpoena from a state attorney general in connection with an investigation concerning the Company’s advertising, marketing, promotion, ingredients, usage and sale of its Monster Energy® brand of energy drinks. It is unknown what, if any, action the state attorney general may take against the Company, the relief which may be sought in the event of any such proceeding or whether such proceeding could have a material adverse effect on the Company’s business, financial condition or results of operations. San Francisco City Attorney Litigation. On October 31, 2012, the Company received a written request for information from the City Attorney for the City and County of San Francisco concerning the Company’s advertising and marketing of its Monster Energy® brand of energy drinks and specifically concerning the safety of its products for consumption by adolescents. In a letter dated March 29, 2013, the San Francisco City Attorney threatened to bring suit against the Company if it did not agree to take the following five steps immediately: (i) “Reformulate its products to lower the caffeine content to safe levels”; (ii) “Provide adequate warning labels”; (iii) “Cease promoting over-consumption in marketing”; (iv) “Cease use of alcohol and drug references in marketing”; and (v) “Cease targeting minors.” On April 29, 2013, the Company and its wholly owned subsidiary, Monster Energy Company, filed a complaint for declaratory and injunctive relief against the San Francisco City Attorney in United States District Court for the Central District of California (the “Central District Court”), styled Monster Beverage Corp., et al. v. Dennis Herrera. The Company seeks a declaration from the Central District Court that the San Francisco City Attorney’s investigation and demands are impermissible and preempted, subject to the doctrine of primary jurisdiction, are unconstitutional in that they violate the First and Fourteenth Amendments’ prohibitions against compelled speech, content-based speech and commercial speech, are impermissibly void-for-vagueness, and/or violate the Commerce Clause. On June 3, 2013, the City Attorney filed a motion to dismiss the Company’s complaint, arguing in part that the complaint should be dismissed in light of the San Francisco Action (described below) filed on May 6, 2013. On August 22, 2013, the Central District Court granted in part and denied in part the City Attorney’s motion. On May 6, 2013, the San Francisco City Attorney filed a complaint for declaratory and injunctive relief, civil penalties and restitution for alleged violation of California’s Unfair Competition Law, Business & Professions Code sections 17200, et seq., styled People Of The State Of California ex rel. Dennis Herrera, San Francisco City Attorney v. Monster Beverage Corporation, in San Francisco Superior Court (the “San Francisco Action”). The City Attorney alleges that the Company (1) mislabeled its products as a dietary supplement, in violation of California’s Sherman Food, Drug and Cosmetic Law, California Health & Safety Code sections 109875 et. seq.; (2) is selling an “adulterated” product because caffeine is not generally recognized as safe (“GRAS”) due to the alleged lack of scientific consensus concerning the safety of the levels of caffeine in the Company’s products; and (3) is engaged in unfair and misleading business practices because its marketing (a) does not disclose the health risks that energy drinks pose for children and teens; (b) fails to warn against and promotes unsafe consumption; (c) implicitly promotes mixing of energy drinks with alcohol or drugs; and (d) is deceptive because it includes unsubstantiated claims about the purported special benefits of its “killer” ingredients and “energy blend.” The City Attorney seeks a declaration that the Company has engaged in unfair and unlawful business acts and practices in violation of the Unfair Competition Law; an injunction from performing or proposing to perform any acts in violation of the Unfair Competition Law; restitution; and civil penalties. On June 3, 2013, the Company removed the case to the United States District Court for the Northern District of California (the “Northern District Court”). On July 3, 2013, the City Attorney filed a motion to remand the case back to state court. On September 18, 2013, the Northern District Court granted the City Attorney’s motion to remand the San Francisco Action back to state court. On October 17, 2013 (after the San Francisco Action described above was remanded to San Francisco Superior Court), the City Attorney filed a renewed motion to dismiss and on December 16, 2013, the Central District Court granted the City Attorney’s renewed motion, dismissing the action. The Company filed a Notice of Appeal to the Ninth Circuit on December 18, 2013. On January 15, 2014, the Company filed a demurrer to and motion to strike allegations in the complaint in the San Francisco Action. On March 5, 2014, the Court overruled the demurrer, granted the motion to strike as to one theory for relief pleaded by the City Attorney, and lifted the stay on discovery. On March 20, 2014, the City Attorney filed an amended complaint, adding allegations supporting the theory for relief as to which the Court had granted the motion to strike. On April 18, 2014, the Company filed a renewed motion to strike, challenging the theory for relief previously rejected by the Court, as well as a motion asking the Court to bifurcate and/or stay claims relating to the safety of Monster Energy® drinks, pending resolution of the ongoing FDA investigation of the safety and labeling of food products to which caffeine is added. These motions are calendared for hearing on May 21, 2014. The Company denies that it has violated the Unfair Competition Law or any other law and believes that the City Attorney’s claims and demands are preempted and unconstitutional, as alleged in the action the Company filed in the Central District Court. The Company intends to vigorously defend against this lawsuit. At this time, no evaluation of the likelihood of an unfavorable outcome or range of potential loss can be expressed. In addition to the above matters, the Company has been named as a defendant in various false advertising putative class actions and in a private attorney general action. In these actions, plaintiffs allege that defendants misleadingly labeled and advertised Monster Energy® brand products that allegedly were ineffective for the advertised benefits (including, but not limited to, an allegation that the products do not hydrate as advertised because they contain caffeine). The plaintiffs further allege that the Monster Energy® brand products at issue are unsafe because they contain one or more ingredients that allegedly could result in illness, injury or death. In connection with these product safety allegations, the plaintiffs claim that the product labels did not provide adequate warnings and/or that the Company did not include sufficiently specific statements with respect to contra-indications and/or adverse reactions associated with the consumption of its energy drink products (including, but not limited to, claims that certain ingredients, when consumed individually or in combination with other ingredients, could result in high blood pressure, palpitations, liver damage or other negative health effects and/or that the products themselves are unsafe). Based on these allegations, the plaintiffs assert claims for violation of state consumer protection statutes, including unfair competition and false advertising statutes, and for breach of warranty and unjust enrichment. In their prayers for relief, the plaintiffs seek, inter alia, compensatory and punitive damages, restitution, attorneys’ fees, and, in some cases, injunctive relief. The Company regards these cases and allegations as having no merit. Furthermore, the Company is subject to litigation from time to time in the normal course of business, including intellectual property litigation and claims from terminated distributors. Although it is not possible to predict the outcome of such litigation, based on the facts known to the Company, management believes that such litigation in the aggregate will likely not have a material adverse effect on the Company’s financial position or results of operations.

ACCUMULATED OTHER COMPREHENSIVE LOSS

3 Months Ended

Mar. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE LOSS

ACCUMULATED OTHER COMPREHENSIVE LOSS

11. ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax, for the three-months ended March 31, 2014 are as follows:

	Currency Translation Gains (Losses)

Balance at December 31, 2013	$	(1,233)
Other comprehensive income before reclassifications	102
Amounts reclassified from accumulated other comprehensive loss	-
Net current-period other comprehensive income	102
Balance at March 31, 2014	$	(1,131)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=28358780&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

TREASURY STOCK PURCHASE	3 Months Ended
TREASURY STOCK PURCHASE	Mar. 31, 2014
TREASURY STOCK PURCHASE
TREASURY STOCK PURCHASE	12. TREASURY STOCK PURCHASE On April 7, 2013, the Company’s Board of Directors authorized a new share repurchase program for the repurchase of up to $200.0 million of the Company’s outstanding common stock (the “April 2013 Repurchase Plan”). During the three-months ended March 31, 2014, no shares of common stock were purchased under the April 2013 Repurchase Plan. During the year ended December 31, 2013, the Company purchased 0.951 million shares of common stock at an average purchase price of $56.98 per share for a total amount of $54.2 million (excluding broker commissions) under the April 2013 Repurchase Plan. During the three-months ended March 31, 2014, 281 shares were purchased from employees in lieu of cash payments for options exercised or withholding taxes due for a total amount of $0.02 million. While such purchases are considered common stock repurchases, they are not counted as purchases against the Company’s authorized share repurchase programs, including the April 2013 Repurchase Plan.

STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2014

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION

13. STOCK-BASED COMPENSATION

The Company has two stock-based compensation plans under which shares were available for grant at March 31, 2014: the Monster Beverage Corporation 2011 Omnibus Incentive Plan (the “2011 Omnibus Incentive Plan”) and the 2009 Monster Beverage Corporation Stock Incentive Plan for Non-Employee Directors (the “2009 Directors Plan”).

The Company recorded $7.0 million of compensation expense relating to outstanding options, restricted stock awards, stock appreciation rights and restricted stock units for both the three-months ended March 31, 2014 and 2013.

The excess tax benefit realized for tax deductions from non-qualified stock option exercises, disqualifying dispositions of incentive stock options, vesting of restricted stock units and restricted stock awards for the three-months ended March 31, 2014 and 2013 was $2.6 million and $0.2 million, respectively.

Stock Options

Under the Company’s stock-based compensation plans, all stock options granted as of March 31, 2014 were granted at prices based on the fair value of the Company’s common stock on the date of grant. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company records compensation expense for non-employee stock options based on the estimated fair value of the options as of the earlier of (1) the date at which a commitment for performance by the non-employee to earn the stock option is reached or (2) the date at which the non-employee’s performance is complete, using the Black-Scholes-Merton option pricing formula with the assumptions included in the table below. The Company uses historical data to determine the exercise behavior, volatility and forfeiture rate of the options.

The following weighted-average assumptions were used to estimate the fair value of options granted during:

	Three-Months Ended March 31,
	2014	2013
Dividend yield	0.0 %	0.0 %
Expected volatility	43.1 %	47.8 %
Risk-free interest rate	1.6 %	0.9 %
Expected term	5.9 years	5.4 years

Expected Volatility: The Company uses historical volatility as it provides a reasonable estimate of the expected volatility. Historical volatility is based on the most recent volatility of the stock price over a period of time equivalent to the expected term of the option.

Risk-Free Interest Rate: The risk-free interest rate is based on the U.S. Treasury zero coupon yield curve in effect at the time of grant for the expected term of the option.

Expected Term: The Company’s expected term represents the weighted-average period that the Company’s stock options are expected to be outstanding. The expected term is based on expected time to post-vesting exercise of options by employees. The Company uses historical exercise patterns of previously granted options to derive employee behavioral patterns used to forecast expected exercise patterns.

The following table summarizes the Company’s activities with respect to its stock option plans as follows:

				Weighted-
		Weighted-		Average
		Average		Remaining
	Number of	Exercise		Contractual
	Shares (In	Price Per		Term (In	Aggregate
Options	thousands)	Share		years)	Intrinsic Value
Outstanding at January 1, 2014	12,973	$	15.70	3.7	$	675,595
Granted	689	$	70.06
Exercised	(235)	$	24.33
Cancelled or forfeited	(16)	$	47.09
Outstanding at March 31, 2014	13,411	$	18.30	3.8	$	686,398
Vested and expected to vest in the future at March 31, 2014	12,905	$	16.92	3.6	$	678,326
Exercisable at March 31, 2014	10,323	$	9.45	2.4	$	619,368

The weighted-average grant-date fair value of options granted during the three-months ended March 31, 2014 and 2013 was $29.86 per share and $20.52 per share, respectively. The total intrinsic value of options exercised during the three-months ended March 31, 2014 and 2013 was $11.4 million and $3.3 million, respectively.

Cash received from option exercises under all plans for the three-months ended March 31, 2014 and 2013 was approximately $5.7 million and $2.4 million, respectively.

At March 31, 2014, there was $56.2 million of total unrecognized compensation expense related to non-vested options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 2.8 years.

Restricted Stock Awards and Restricted Stock Units

Stock-based compensation cost for restricted stock awards and restricted stock units is measured based on the closing fair market value of the Company’s common stock at the date of grant. In the event that the Company has the option and intent to settle a restricted stock unit in cash, the award is classified as a liability and revalued at each balance sheet date.

The following table summarizes the Company’s activities with respect to non-vested restricted stock awards and non-vested restricted stock units as follows:

	Number of Shares (in thousands)		Weighted Average Grant-Date Fair Value
Non-vested at January 1, 2014	391		$	49.27
Granted	-		$	-
Vested	(17	)	$	57.18
Forfeited/cancelled	(6	)	$	57.30
Non-vested at March 31, 2014	368		$	48.78

No awards were granted during the three-months ended March 31, 2014. The weighted-average grant-date fair value of restricted stock units and restricted stock awards granted during the three-months ended March 31, 2013 was $50.89 per share. As of March 31, 2014, 0.3 million of restricted stock units and restricted stock awards are expected to vest over their respective terms.

At March 31, 2014, total unrecognized compensation expense relating to non-vested restricted stock awards and non-vested restricted stock units was $10.9 million, which is expected to be recognized over a weighted-average period of 1.9 years.

INCOME TAXES

3 Months Ended

Mar. 31, 2014

INCOME TAXES

INCOME TAXES

14. INCOME TAXES

The following is a roll-forward of the Company’s total gross unrecognized tax benefits, not including interest and penalties, for the three-months ended March 31, 2014:

	Gross Unrecognized Tax Benefits
Balance at December 31, 2013	$	935
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	-
Decreases related to settlement with taxing authority	-
Balance at March 31, 2014	$	935

The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Company’s condensed consolidated financial statements. As of March 31, 2014, the Company had accrued approximately $0.4 million in interest and penalties related to unrecognized tax benefits. If the Company were to prevail on all uncertain tax positions, the resultant impact on the Company’s effective tax rate would not be significant. It is expected that the amount of unrecognized tax benefits will not change within the next 12 months.

The Company is subject to U.S. federal income tax as well as to income tax in multiple state and foreign jurisdictions.

On March 8, 2013, the Internal Revenue Service (“IRS”) began its examination of the Company’s U.S. federal income tax returns for the years ended December 31, 2010 and 2011. The Company is also in various stages of examination with certain states. The 2012 U.S. federal income tax return is subject to IRS examination. State income tax returns are subject to examination for the 2009 through 2012 tax years.

EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

EARNINGS PER SHARE

15. EARNINGS PER SHARE

A reconciliation of the weighted-average shares used in the basic and diluted earnings per common share computations is presented below:

	Three-Months Ended
	March 31,
	2014	2013
Weighted-average shares outstanding:
Basic	166,913	165,525
Dilutive securities	6,828	7,034
Diluted	173,741	172,559

For the three-months ended March 31, 2014 and 2013, options and awards outstanding totaling 0.6 million shares and 0.8 million shares, respectively, were excluded from the calculations as their effect would have been antidilutive.

SEGMENT INFORMATION

3 Months Ended

Mar. 31, 2014

SEGMENT INFORMATION

SEGMENT INFORMATION

16. SEGMENT INFORMATION

The Company has two reportable segments, namely Direct Store Delivery (“DSD”), whose principal products comprise energy drinks, and Warehouse (“Warehouse”), whose principal products comprise juice-based and soda beverages. The DSD segment develops, markets and sells products primarily through an exclusive distributor network, whereas the Warehouse segment develops, markets and sells products primarily direct to retailers. Corporate and unallocated amounts that do not relate to DSD or Warehouse segments have been allocated to “Corporate & Unallocated.”

The net revenues derived from the DSD and Warehouse segments and other financial information related thereto are as follows:

	Three-Months Ended March 31, 2014
	DSD			Warehouse			Corporate and Unallocated			Total
Net sales	$	514,355		$	21,774		$	-		$	536,129
Contribution margin	186,468			296			-			186,764
Corporate and unallocated expenses	-			-			(37,901		)	(37,901		)
Operating income										148,863
Other income (expense)	26			-			128			154
Income before provision for income taxes										149,017
Depreciation and amortization	(4,944		)	(81		)	(1,428		)	(6,453		)

	Three-Months Ended March 31, 2013
	DSD			Warehouse			Corporate and Unallocated			Total
Net sales	$	460,175		$	24,048		$	-		$	484,223
Contribution margin	138,974			382			-			139,356
Corporate and unallocated expenses	-			-			(32,050		)	(32,050		)
Operating income										107,306
Other income (expense)	188			-			(2,090		)	(1,902		)
Income before provision for income taxes										105,404
Depreciation and amortization	(4,421		)	(58		)	(581		)	(5,060		)

Revenue is derived from sales to external customers. Operating expenses that pertain to each segment are allocated to the appropriate segment.

Corporate and unallocated expenses were $37.9 million for the three-months ended March 31, 2014 and included $21.1 million of payroll costs, of which $7.0 million was attributable to stock-based compensation expense (see Note 13, “Stock-Based Compensation”), $10.1 million attributable to professional service expenses, including accounting and legal costs and $6.7 million of other operating expenses. Corporate and unallocated expenses were $32.0 million for the three-months ended March 31, 2013 and included $19.4 million of payroll costs, of which $7.0 million was attributable to stock-based compensation expense (see Note 13, “Stock-Based Compensation”), $7.6 million attributable to professional service expenses, including accounting and legal costs and $5.0 million attributable to other operating expenses.

Coca-Cola Refreshments USA Inc. (“CCR”), a customer of the DSD segment, accounted for approximately 31% and 30% of the Company’s net sales for the three-months ended March 31, 2014 and 2013, respectively.

Net sales to customers outside the United States amounted to $115.8 million and $106.3 million for the three-months ended March 31, 2014 and 2013, respectively.

The Company’s net sales by product line were as follows:

	Three-Months Ended
	March 31,
Product Line	2014		2013
Energy drinks	$	499,013	$	446,026
Non-carbonated (primarily juice based beverages and Peace Tea® iced teas)	26,446		27,972
Carbonated (primarily soda beverages)	7,014		6,401
Other	3,656		3,824
	$	536,129	$	484,223

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2014
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	17. RELATED PARTY TRANSACTIONS Two directors and officers of the Company and their families are principal owners of a company that provides promotional materials to the Company. Expenses incurred with such company in connection with promotional materials purchased during the three-months ended March 31, 2014 and 2013 were $0.07 million and $0.2 million, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

INVESTMENTS (Tables)

3 Months Ended

Mar. 31, 2014

INVESTMENTS

Summary of investments in held-to-maturity, available-for-sale and trading securities

March 31, 2014	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Certificates of deposit	$	22,043	$	-	$	-	$	22,043	$	-	$	-
Commercial paper	9,990		-		-		9,990		-		-
Municipal securities	400,504		25		-		400,529		-		-
Total	$	432,537	$	25	$	-	432,562		$	-	$	-

Trading
Short-term:
Auction rate securities							6,395
Long-term:
Auction rate securities							8,131
Total							$	447,088

December 31, 2013	Amortized Cost		Gross Unrealized Holding Gains		Gross Unrealized Holding Losses		Fair Value		Continuous Unrealized Loss Position less than 12 Months		Continuous Unrealized Loss Position greater than 12 Months
Held-to-Maturity
Short-term:
Certificates of deposit	$	22,045	$	-	$	-	$	22,045	$	-	$	-
Commercial paper	5,991		-		-		5,991		-		-
Municipal securities	367,819		48		-		367,867		-		-
Total	$	395,855	$	48	$	-	395,903		$	-	$	-

Trading
Short-term:
Auction rate securities							6,392
Long-term:
Auction rate securities							9,792
Total							$	412,087

Schedule of net gain recognized through earnings on trading securities

	Three-Months Ended March 31,
	2014			2013
Gain on trading securities sold	$	131		$	-
(Loss) gain on trading securities held	(64		)	6
Gain on trading securites	$	67		$	6

Summarizes the underlying contractual maturities of the Company's investments

	March 31, 2014				December 31, 2013
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Less than 1 year:
Certificates of deposit	$	22,043	$	22,043	$	22,045	$	22,045
Commercial paper	9,990		9,990		5,991		5,991
Municipal securities	400,504		400,529		367,819		367,867
Due 11 - 20 years:
Auction rate securities	11,053		11,053		11,102		11,102
Due 21 - 30 years:
Auction rate securities	3,473		3,473		5,082		5,082
Total	$	447,063	$	447,088	$	412,039	$	412,087

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2014

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES

Schedule of financial assets and liabilities recorded at fair value on a recurring basis

March 31, 2014	Level 1		Level 2			Level 3		Total
Cash	$	207,079	$	-		$	-	$	207,079
Money market funds	73,014		-			-		73,014
Certificates of deposit	-		22,043			-		22,043
Commercial paper	-		9,990			-		9,990
Municipal securities	-		432,431			-		432,431
Auction rate securities	-		-			14,526		14,526
Put option related to auction rate securities	-		-			1,024		1,024
Foreign currency derivatives	-		(21		)	-		(21		)
Total	$	280,093	$	464,443		$	15,550	$	760,086

Amounts included in:
Cash and cash equivalents	$	280,093	$	31,927		$	-	$	312,020
Short-term investments	-		432,537			6,395		438,932
Accounts receivable, net	-		349			-		349
Investments	-		-			8,131		8,131
Prepaid expenses and other current assets	-		-			485		485
Other assets	-		-			539		539
Accrued liabilities	-		(370		)	-		(370		)
Total	$	280,093	$	464,443		$	15,550	$	760,086

December 31, 2013	Level 1		Level 2		Level 3		Total
Cash	$	139,300	$	-	$	-	$	139,300
Money market funds	60,102		-		-		60,102
Certificates of deposit	-		22,045		-		22,045
Commercial paper	-		5,991		-		5,991
Municipal securities	-		379,766		-		379,766
Auction rate securities	-		-		16,184		16,184
Put option related to auction rate securities	-		-		1,092		1,092
Total	$	199,402	$	407,802	$	17,276	$	624,480

Amounts included in:
Cash and cash equivalents	$	199,402	$	11,947	$	-	$	211,349
Short-term investments	-		395,855		6,392		402,247
Investments	-		-		9,792		9,792
Prepaid expenses and other current assets	-		-		486		486
Other assets	-		-		606		606
Total	$	199,402	$	407,802	$	17,276	$	624,480

Schedule of quantitative information related to the significant unobservable inputs utilized in Level 3 recurring fair value measurements

The following table presents quantitative information related to the significant unobservable inputs utilized in the Company’s Level 3 recurring fair value measurements as of March 31, 2014.

	Valuation Technique	Unobservable Input	Range (Weighted-Average)
Auction Rate Securities: Trading	Discounted cash flow	Maximum rate probability	0.61%-2.48% (1.53%)
		Principal returned probability	85.58%-94.70% (86.91%)
		Default probability	4.28%-12.18% (11.56%)
		Liquidity risk	3.00%-3.00% (3.00%)
		Recovery rate	60-60 (60)

Put Options	Discounted cash flow	Counterparty risk	0.43%-0.68% (0.51%)

Summary of changes in fair value of the Company's Level 3 financial assets

	Three-Months Ended March 31, 2014				Three-Months Ended March 31, 2013
	Auction Rate Securities		Put Options		Auction Rate Securities		Put Options
Opening Balance	$	16,184	$	1,092	$	23,156	$	1,929
Transfers into Level 3	-		-		-		-
Transfers out of Level 3	-		-		-		-
Total gains (losses) for the period:
Included in earnings	67		(68)		2,489		82
Included in other comprehensive income	-		-		(2,483)		-
Settlements	(1,725)		-		(5,792)		-
Closing Balance	$	14,526	$	1,024	$	17,370	$	2,011

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

3 Months Ended

Mar. 31, 2014

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

Schedule of notional amount and fair value of all outstanding foreign currency derivative instruments in the condensed consolidated balance sheets

	March 31,2014
Derivatives not designated as hedging instruments under FASB ASC 815-20	Notional Amount		Fair Value		Balance Sheet Location

Assets:
Foreign currency exchange contracts:
Receive CAD/pay USD	$	12,234	$	70	Accounts receivable, net
Receive USD/pay JPY	24,216		279		Accounts receivable, net

Liabilities:
Foreign currency exchange contracts:
Receive EUR/pay USD	$	15,577	$	(8)	Accrued liabilities
Receive USD/pay AUD	9,204		(51)		Accrued liabilities
Receive USD/pay ZAR	14,713		(235)		Accrued liabilities
Receive USD/pay MXN	3,742		(25)		Accrued liabilities
Receive USD/pay CLP	5,106		(46)		Accrued liabilities
Receive USD/pay COP	2,229		(5)		Accrued liabilities

Schedule of net losses on derivative instruments in the condensed consolidated statements of income

		Amount of loss recognized in income on derivatives
		Three-months ended
Derivatives not designated as hedging instruments under FASB ASC 815-20	Location of loss recognized in income on derivatives	March 31, 2014		March 31, 2013
Foreign currency exchange contracts	Interest and other income (expense), net	$	359	$	-

INVENTORIES (Tables)

3 Months Ended

Mar. 31, 2014

INVENTORIES

Schedule of inventories

	March 31, 2014		December 31, 2013
Raw materials	$	64,550	$	68,088
Finished goods	139,511		153,361
	$	204,061	$	221,449

PROPERTY AND EQUIPMENT, Net (Tables)

3 Months Ended

Mar. 31, 2014

PROPERTY AND EQUIPMENT, Net

Schedule of property and equipment

	March 31, 2014		December 31, 2013
Land	$	5,382	$	5,382
Leasehold improvements	2,737		2,222
Furniture and fixtures	3,494		3,474
Office and computer equipment	14,514		14,135
Computer software	655		791
Equipment	66,752		62,552
Buildings	37,980		33,468
Vehicles	29,860		30,442
	161,374		152,466
Less: accumulated depreciation and amortization	(69,641)		(64,323)
	$	91,733	$	88,143

INTANGIBLES, Net (Tables)

3 Months Ended

Mar. 31, 2014

INTANGIBLES, Net

Schedule of intangibles

	March 31, 2014		December 31, 2013
Amortizing intangibles	$	1,140	$	1,076
Accumulated amortization	(665)		(590)
	475		486
Non-amortizing intangibles	65,050		65,288
	$	65,525	$	65,774

ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2014

ACCUMULATED OTHER COMPREHENSIVE LOSS

Changes in accumulated other comprehensive loss by component, after tax

	Currency Translation Gains (Losses)

Balance at December 31, 2013	$	(1,233)
Other comprehensive income before reclassifications	102
Amounts reclassified from accumulated other comprehensive loss	-
Net current-period other comprehensive income	102
Balance at March 31, 2014	$	(1,131)

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2014

STOCK-BASED COMPENSATION

Schedule of weighted-average assumptions used to estimate the fair value of options granted

	Three-Months Ended March 31,
	2014	2013
Dividend yield	0.0 %	0.0 %
Expected volatility	43.1 %	47.8 %
Risk-free interest rate	1.6 %	0.9 %
Expected term	5.9 years	5.4 years

Summary of activities with respect to its stock option plans

				Weighted-
		Weighted-		Average
		Average		Remaining
	Number of	Exercise		Contractual
	Shares (In	Price Per		Term (In	Aggregate
Options	thousands)	Share		years)	Intrinsic Value
Outstanding at January 1, 2014	12,973	$	15.70	3.7	$	675,595
Granted	689	$	70.06
Exercised	(235)	$	24.33
Cancelled or forfeited	(16)	$	47.09
Outstanding at March 31, 2014	13,411	$	18.30	3.8	$	686,398
Vested and expected to vest in the future at March 31, 2014	12,905	$	16.92	3.6	$	678,326
Exercisable at March 31, 2014	10,323	$	9.45	2.4	$	619,368

Summary of activities with respect to non-vested restricted stock awards and non-vested restricted stock units

	Number of Shares (in thousands)		Weighted Average Grant-Date Fair Value
Non-vested at January 1, 2014	391		$	49.27
Granted	-		$	-
Vested	(17	)	$	57.18
Forfeited/cancelled	(6	)	$	57.30
Non-vested at March 31, 2014	368		$	48.78

INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2014

INCOME TAXES

Schedule of roll-forward of the total gross unrecognized tax benefits, not including interest and penalties

	Gross Unrecognized Tax Benefits
Balance at December 31, 2013	$	935
Additions for tax positions related to the current year	-
Additions for tax positions related to the prior year	-
Decreases related to settlement with taxing authority	-
Balance at March 31, 2014	$	935

EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

EARNINGS PER SHARE

Schedule of reconciliation of the weighted average shares used in the basic and diluted earnings per common share computations

	Three-Months Ended
	March 31,
	2014	2013
Weighted-average shares outstanding:
Basic	166,913	165,525
Dilutive securities	6,828	7,034
Diluted	173,741	172,559

SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2014

SEGMENT INFORMATION

Schedule of net revenues and other financial information by segment

	Three-Months Ended March 31, 2014
	DSD			Warehouse			Corporate and Unallocated			Total
Net sales	$	514,355		$	21,774		$	-		$	536,129
Contribution margin	186,468			296			-			186,764
Corporate and unallocated expenses	-			-			(37,901		)	(37,901		)
Operating income										148,863
Other income (expense)	26			-			128			154
Income before provision for income taxes										149,017
Depreciation and amortization	(4,944		)	(81		)	(1,428		)	(6,453		)

	Three-Months Ended March 31, 2013
	DSD			Warehouse			Corporate and Unallocated			Total
Net sales	$	460,175		$	24,048		$	-		$	484,223
Contribution margin	138,974			382			-			139,356
Corporate and unallocated expenses	-			-			(32,050		)	(32,050		)
Operating income										107,306
Other income (expense)	188			-			(2,090		)	(1,902		)
Income before provision for income taxes										105,404
Depreciation and amortization	(4,421		)	(58		)	(581		)	(5,060		)

Schedule of net sales by product line

	Three-Months Ended
	March 31,
Product Line	2014		2013
Energy drinks	$	499,013	$	446,026
Non-carbonated (primarily juice based beverages and Peace Tea® iced teas)	26,446		27,972
Carbonated (primarily soda beverages)	7,014		6,401
Other	3,656		3,824
	$	536,129	$	484,223

INVESTMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Held to Maturity and Available-for-sale
Held to maturity and available-for-sale securities, Amortized Cost	$ 432,537	$ 395,855
Held to maturity and available-for-sale securities, Gross Unrealized Holding Gains	25	48
Held to maturity and available-for-sale securities, Fair Value	432,562	395,903
Held to Maturity, Available-for-sale, and Trading
Total Fair Value	447,088	412,087
Short-term \| Certificates of deposit
Held-to-Maturity
Amortized Cost	22,043	22,045
Fair Value	22,043	22,045
Short-term \| Commercial paper
Held-to-Maturity
Amortized Cost	9,990	5,991
Fair Value	9,990	5,991
Short-term \| Municipal securities
Held-to-Maturity
Amortized Cost	400,504	367,819
Gross Unrealized Holding Gains	25	48
Fair Value	400,529	367,867
Short-term \| Auction rate securities
Trading
Fair Value	6,395	6,392
Long-term \| Auction rate securities
Trading
Fair Value	$ 8,131	$ 9,792

INVESTMENTS (Details 2) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
INVESTMENTS (Details 2) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
INVESTMENTS
Realized gains on the sale of available-for-sale investments			$ 2,500
Auction rate securities
Net gain recognized through earnings on trading securities
Gain on trading securities sold	$ 131
(Loss) gain on trading securities held	(64)	$ 6
Gain on trading securities	$ 67	$ 6

INVESTMENTS (Details 3) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Disclosure of underlying contractual maturities of investments
Amortized Cost	$ 447,063	$ 412,039
Fair Value	447,088	412,087
Certificates of deposit \| Less than 1 year
Disclosure of underlying contractual maturities of investments
Amortized Cost	22,043	22,045
Fair Value	22,043	22,045
Commercial paper \| Less than 1 year
Disclosure of underlying contractual maturities of investments
Amortized Cost	9,990	5,991
Fair Value	9,990	5,991
Municipal securities \| Less than 1 year
Disclosure of underlying contractual maturities of investments
Amortized Cost	400,504	367,819
Fair Value	400,529	367,867
Auction rate securities \| Due 11 - 20 years
Disclosure of underlying contractual maturities of investments
Amortized Cost	11,053	11,102
Fair Value	11,053	11,102
Auction rate securities \| Due 21 - 30 years
Disclosure of underlying contractual maturities of investments
Amortized Cost	3,473	5,082
Fair Value	$ 3,473	$ 5,082

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Level 1
Fair value of certain assets
Cash	$ 207,079	$ 139,300
Assets measured at fair value	280,093	199,402
Level 1 \| Money market funds
Fair value of certain assets
Assets measured at fair value	73,014	60,102
Level 2
Fair value of certain assets
Foreign currency derivatives	(21)
Assets measured at fair value	464,443	407,802
Level 2 \| Certificates of deposit
Fair value of certain assets
Assets measured at fair value	22,043	22,045
Level 2 \| Commercial paper
Fair value of certain assets
Assets measured at fair value	9,990	5,991
Level 2 \| Municipal securities
Fair value of certain assets
Assets measured at fair value	432,431	379,766
Level 3
Fair value of certain assets
Assets measured at fair value	15,550	17,276
Level 3 \| Auction rate securities
Fair value of certain assets
Assets measured at fair value	14,526	16,184
Level 3 \| Put option related to auction rate securities
Fair value of certain assets
Assets measured at fair value	1,024	1,092
Total fair value
Fair value of certain assets
Cash	207,079	139,300
Foreign currency derivatives	(21)
Assets measured at fair value	760,086	624,480
Total fair value \| Money market funds
Fair value of certain assets
Assets measured at fair value	73,014	60,102
Total fair value \| Certificates of deposit
Fair value of certain assets
Assets measured at fair value	22,043	22,045
Total fair value \| Commercial paper
Fair value of certain assets
Assets measured at fair value	9,990	5,991
Total fair value \| Municipal securities
Fair value of certain assets
Assets measured at fair value	432,431	379,766
Total fair value \| Auction rate securities
Fair value of certain assets
Assets measured at fair value	14,526	16,184
Total fair value \| Put option related to auction rate securities
Fair value of certain assets
Assets measured at fair value	$ 1,024	$ 1,092

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 2) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
Fair value amounts included in the carrying value of
Cash and cash equivalents	$ 312,020	$ 211,349	$ 242,533	$ 222,514
Short-term investments	438,932	402,247
Investments	8,131	9,792
Asset transfers between Level 1 and Level 2 measurements	0	0
Level 1
Fair value amounts included in the carrying value of
Cash and cash equivalents	280,093	199,402
Total	280,093	199,402
Level 2
Fair value amounts included in the carrying value of
Cash and cash equivalents	31,927	11,947
Short-term investments	432,537	395,855
Accounts receivable, net	349
Accrued liabilities	(370)
Total	464,443	407,802
Level 3
Fair value amounts included in the carrying value of
Short-term investments	6,395	6,392
Investments	8,131	9,792
Prepaid expenses and other current assets	485	486
Other assets	539	606
Total	15,550	17,276
Total fair value
Fair value amounts included in the carrying value of
Cash and cash equivalents	312,020	211,349
Short-term investments	438,932	402,247
Accounts receivable, net	349
Investments	8,131	9,792
Prepaid expenses and other current assets	485	486
Other assets	539	606
Accrued liabilities	(370)
Total	$ 760,086	$ 624,480

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 3) - Discounted cash flow - Level 3 - Assets at fair value on recurring basis	3 Months Ended
	Mar. 31, 2014
Auction Rate Securities: Trading \| Minimum
Quantitative information related to the significant unobservable inputs
Maximum rate probability (as a percent)	0.61%
Principal returned probability (as a percent)	85.58%
Default probability (as a percent)	4.28%
Liquidity risk (as a percent)	3.00%
Recovery rate (as a percent)	60.00%
Auction Rate Securities: Trading \| Maximum
Quantitative information related to the significant unobservable inputs
Maximum rate probability (as a percent)	2.48%
Principal returned probability (as a percent)	94.70%
Default probability (as a percent)	12.18%
Liquidity risk (as a percent)	3.00%
Recovery rate (as a percent)	60.00%
Auction Rate Securities: Trading \| Weighted Average
Quantitative information related to the significant unobservable inputs
Maximum rate probability (as a percent)	1.53%
Principal returned probability (as a percent)	86.91%
Default probability (as a percent)	11.56%
Liquidity risk (as a percent)	3.00%
Recovery rate (as a percent)	60.00%
Put Options \| Minimum
Quantitative information related to the significant unobservable inputs
Counterparty risk (as a percent)	0.43%
Put Options \| Maximum
Quantitative information related to the significant unobservable inputs
Counterparty risk (as a percent)	0.68%
Put Options \| Weighted Average
Quantitative information related to the significant unobservable inputs
Counterparty risk (as a percent)	0.51%

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 4) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Oct. 02, 2013	Jul. 02, 2013	Jun. 30, 2011
ARS Agreement
Amortized Cost	$ 447,063		$ 412,039
Auction rate securities
ARS Agreement
Face value of investments	15,500
Amortized Cost	14,500
Trading auction rate securities, in short-term and long-term investments	14,500
Impairment of investments, trading securities	1,000
2011 ARS Agreement
ARS Agreement
Amount of securities of par value								$ 24,500
Redemption of investment securities at par through normal market channels			$ 2,300	$ 1,300	$ 3,700
2011 ARS Agreement \| Subsequent event
ARS Agreement
Redemption of investment securities at par through normal market channels	1,700
Put option related to auction rate securities
ARS Agreement
Redemption of investment securities through the exercise of the put option	1,700
2011 Put Option
ARS Agreement
Fair market value of investments	1,000
Resulted (loss) gain on revaluation of investment securities included in other income (expense)	$ (1)	$ 2,600
2011 Put Option \| Maximum
ARS Agreement
Amount of securities of par value						$ 1,000	$ 1,000

FAIR VALUE OF CERTAIN FINANCIAL ASSETS AND LIABILITIES (Details 5) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Auction rate securities
Fair value of level 3 financial assets, roll forward
Balance at the beginning of the period	$ 16,184	$ 23,156
Total gains (losses) for the period: Included in earnings	67	2,489
Total gains (losses) for the period: Included in other comprehensive income		(2,483)
Settlements	(1,725)	(5,792)
Balance at the end of the period	14,526	17,370
Put Options
Fair value of level 3 financial assets, roll forward
Balance at the beginning of the period	1,092	1,929
Total gains (losses) for the period: Included in earnings	(68)	82
Balance at the end of the period	$ 1,024	$ 2,011

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($)	Dec. 31, 2013 item
Derivative Instruments and Hedging Activities
Number of foreign exchange contract outstanding \| item		0
Foreign currency exchange contracts \| Maximum
Derivative Instruments and Hedging Activities
Term of derivative instrument	1 month
Derivatives not designated as hedging instruments \| Receive CAD/pay USD \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	$ 12,234
Fair Value, Assets	70
Derivatives not designated as hedging instruments \| Receive USD/pay JPY \| Accounts receivables, net
Derivative Instruments and Hedging Activities
Notional amount, Assets	24,216
Fair Value, Assets	279
Derivatives not designated as hedging instruments \| Receive EUR/pay USD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	15,577
Fair Value, Liabilities	(8)
Derivatives not designated as hedging instruments \| Receive USD/pay AUD \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	9,204
Fair Value, Liabilities	(51)
Derivatives not designated as hedging instruments \| Receive USD/pay ZAR \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	14,713
Fair Value, Liabilities	(235)
Derivatives not designated as hedging instruments \| Receive USD/pay MXN \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	3,742
Fair Value, Liabilities	(25)
Derivatives not designated as hedging instruments \| Receive USD/pay CLP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	5,106
Fair Value, Liabilities	(46)
Derivatives not designated as hedging instruments \| Receive USD/pay COP \| Accrued liabilities
Derivative Instruments and Hedging Activities
Notional amount, Liabilities	2,229
Fair Value, Liabilities	$ (5)

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES (Details 2) $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($)
Derivatives not designated as hedging instruments \| Foreign currency exchange contracts \| Interest and other income (expense), net
Net losses on derivative instruments
Amount of loss recognized in income on derivatives	$ 359

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
INVENTORIES
Raw materials	$ 64,550	$ 68,088
Finished goods	139,511	153,361
Inventories, net	$ 204,061	$ 221,449

PROPERTY AND EQUIPMENT, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Dec. 31, 2013
Property and equipment, net
Property and equipment, gross	$ 161,374	$ 152,466
Less: accumulated depreciation and amortization	(69,641)	(64,323)
Property and equipment, net	91,733	88,143
Land
Property and equipment, net
Property and equipment, gross	5,382	5,382
Leasehold improvements
Property and equipment, net
Property and equipment, gross	2,737	2,222
Furniture and fixtures
Property and equipment, net
Property and equipment, gross	3,494	3,474
Office and computer equipment
Property and equipment, net
Property and equipment, gross	14,514	14,135
Computer software
Property and equipment, net
Property and equipment, gross	655	791
Equipment
Property and equipment, net
Property and equipment, gross	66,752	62,552
Building
Property and equipment, net
Property and equipment, gross	37,980	33,468
Vehicles
Property and equipment, net
Property and equipment, gross	$ 29,860	$ 30,442

INTANGIBLES, Net (Details) - USD ($) $ in Thousands	3 Months Ended
INTANGIBLES, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Intangibles, Net
Amortizing intangibles	$ 1,140		$ 1,076
Accumulated amortization	(665)		(590)
Amortizing intangibles, net	475		486
Non-amortizing intangibles	65,050		65,288
Intangible, net	$ 65,525		$ 65,774
Weighted-average useful life	19 years
Amortization expense	$ 100	$ 10
Minimum
Intangibles, Net
Weighted-average useful life	1 year
Maximum
Intangibles, Net
Weighted-average useful life	25 years

DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Thousands	3 Months Ended
DISTRIBUTION AGREEMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
DISTRIBUTION AGREEMENTS
Distribution agreement, revenue recognition period	20 years
Revenue recognized	$ 1,900	$ 2,400
Termination costs of prior distributors	$ 10	$ 8,300

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	Mar. 31, 2014 USD ($)
Commitments and Contingencies
Aggregate contractual obligations	$ 92.9
Aggregate operating lease commitments	14.8
Raw material items
Commitments and Contingencies
Purchase Commitments	$ 31.3
Period over which obligations will be paid	1 year

COMMITMENTS AND CONTINGENCIES (Details 2)	Oct. 17, 2012 USD ($) oz item	Sep. 17, 2008 item	Apr. 16, 2014 USD ($)	Mar. 31, 2014 USD ($)	Oct. 03, 2013 USD ($)
Commitments and contingencies
VAT receivable included in accounts receivable, net				$ 8,700,000
VAT payable included in accrued liabilities				$ 8,700,000
Charge of VAT pass-through tax to customers in the United Kingdom
Commitments and contingencies
Estimated maximum amount of potential VAT pass-through tax					$ 41,700,000
Lawsuit in Superior Court by Wendy Crossland and Richard Fournier
Commitments and contingencies
Age of the plaintiff's deceased daughter	14 years
Number of 24 ounce energy drinks \| item	2
Number of ounce energy drink \| oz	24
Number of days over which the energy drink was consumed	2 days
Minimum amount of plaintiff claims for general damages	$ 25,000
Securities Litigation
Commitments and contingencies
Number of actions consolidated \| item		2
Securities Litigation \| Subsequent event
Commitments and contingencies
Escrow Deposit			$ 16,250,000

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($)
Changes in accumulated other comprehensive (loss) income by component, after tax
Balance at the beginning of the period	$ (1,233)
Balance at the end of the period	(1,131)
Currency Translation Gains (Losses)
Changes in accumulated other comprehensive (loss) income by component, after tax
Balance at the beginning of the period	(1,233)
Other comprehensive income before reclassifications	102
Net current-period other comprehensive income	102
Balance at the end of the period	$ (1,131)

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

TREASURY STOCK PURCHASE (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	12 Months Ended
	Apr. 07, 2013	Mar. 31, 2014	Dec. 31, 2013
TREASURY STOCK PURCHASE
Number of shares repurchased of common stock from employees in lieu of cash or withholding taxes due		281
Cash payment for repurchase of common stock from employees in lieu of cash or withholding taxes due		$ 20
April 2013 Repurchase Plan
TREASURY STOCK PURCHASE
Maximum amount of common stock the board of directors authorized to repurchase	$ 200,000
Common stock repurchased (in shares)		0	951,000
Average purchase price (in dollars per share)			$ 56.98
Common stock repurchased			$ 54,200

STOCK-BASED COMPENSATION (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2014 USD ($) plan $ / shares shares	Mar. 31, 2013 USD ($)	Dec. 31, 2013 USD ($) $ / shares shares
Stock-based compensation
Stock-based compensation plans \| plan	2
Compensation expense on share-based plans \| $	$ 7,000	$ 7,000
Stock options
Stock-based compensation
Excess tax benefit realized for tax deductions from non-qualified stock option exercises and disqualifying dispositions of incentive stock options \| $	$ 2,600	$ 200
Weighted-average assumptions used to estimate the fair value of options granted
Dividend yield (as a percent)	0.00%	0.00%
Expected volatility (as a percent)	43.10%	47.80%
Risk-free interest rate (as a percent)	1.60%	0.90%
Expected term	5 years 10 months 24 days	5 years 4 months 24 days
Stock Options, Number of Shares
Balance at the beginning of the period (in shares) \| shares	12,973
Granted (in shares) \| shares	689
Exercised (in shares) \| shares	(235)
Cancelled or forfeited (in shares) \| shares	(16)
Balance at the end of the period (in shares) \| shares	13,411		12,973
Vested and expected to vest in the future at the end of the period (in shares) \| shares	12,905
Exercisable at the end of the period (in shares) \| shares	10,323
Stock options, Weighted-Average Exercise Price Per Share
Balance at the beginning of the period (in dollars per share) \| $ / shares	$ 15.70
Granted (in dollars per share) \| $ / shares	70.06
Exercised (in dollars per share) \| $ / shares	24.33
Cancelled or forfeited (in dollars per share) \| $ / shares	47.09
Balance at the end of the period (in dollars per share) \| $ / shares	18.30		$ 15.70
Vested and expected to vest in the future at the end of the period (in dollars per share) \| $ / shares	16.92
Exercisable at the end of the period (in dollars per share) \| $ / shares	$ 9.45
Weighted-Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	3 years 9 months 18 days		3 years 8 months 12 days
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	3 years 9 months 18 days		3 years 8 months 12 days
Vested and expected to vest in the future at the end of the period	3 years 7 months 6 days
Exercisable at the end of the period	2 years 4 months 24 days
Aggregate Intrinsic Value
Balance at the beginning of the period \| $	$ 675,595
Balance at the end of the period \| $	686,398		$ 675,595
Vested and expected to vest in the future at the end of the period \| $	678,326
Exercisable at the end of the period \| $	$ 619,368

STOCK-BASED COMPENSATION (Details 2) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Stock options
Stock-based compensation
Weighted-average grant-date fair value of options granted (in dollars per share)	$ 29.86	$ 20.52
Total intrinsic value of options exercised	$ 11.4	$ 3.3
Cash received from option exercises	5.7	$ 2.4
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 56.2
Cost expected to be recognized over a weighted-average period	2 years 9 months 18 days
Stock units and stock awards expected to vest (in shares)	12,905
Restricted stock units
Stock-based compensation
Total unrecognized compensation expense related to non-vested shares granted to employees	$ 10.9
Cost expected to be recognized over a weighted-average period	1 year 10 months 24 days
Stock units and stock awards expected to vest (in shares)	300
Number of Shares
Non-vested at the beginning of the period (in shares)	391
Granted (in shares)	0
Vested (in shares)	(17)
Forfeited/cancelled (in shares)	(6)
Non-vested at the end of the period (in shares)	368
Weighted Average Grant-Date Fair Value
Non-vested at the beginning of the period (in dollars per share)	$ 49.27
Granted (in dollars per share)		$ 50.89
Vested (in dollars per share)	57.18
Forfeited/cancelled (in dollars per share)	57.30
Non-vested at the end of the period (in dollars per share)	$ 48.78

INCOME TAXES (Details) $ in Millions	Mar. 31, 2014 USD ($)
Gross unrecognized tax benefits, roll forward
Accrued interest and penalties related to unrecognized tax benefits	$ 0.4

EARNINGS PER SHARE (Details) - shares shares in Thousands	3 Months Ended
EARNINGS PER SHARE (Details) - shares shares in Thousands	Mar. 31, 2014	Mar. 31, 2013
Weighted-average shares outstanding:
Basic	166,913	165,525
Dilutive securities	6,828	7,034
Diluted	173,741	172,559
Options and awards outstanding excluded from the calculations as their effect would have been antidilutive (in shares)	600	800

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Mar. 31, 2014 USD ($) item	Mar. 31, 2013 USD ($)
SEGMENT INFORMATION
Number of reportable segments \| item	2
Segment information
Net sales	$ 536,129	$ 484,223
Contribution margin	186,764	139,356
Corporate and unallocated expenses	(37,901)	(32,050)
Operating income	148,863	107,306
Other income (expense)	154	(1,902)
Income before provision for income taxes	149,017	105,404
Depreciation and amortization	(6,453)	(5,060)
Stock-based compensation expense	7,000	7,000
Corporate and Unallocated
Segment information
Corporate and unallocated expenses	(37,901)	(32,050)
Other income (expense)	128	(2,090)
Depreciation and amortization	(1,428)	(581)
Payroll cost	21,100	19,400
Stock-based compensation expense	7,000	7,000
Professional service expenses	10,100	7,600
Other operating expenses	6,700	5,000
Direct Store Delivery ("DSD") \| Operating segment
Segment information
Net sales	514,355	460,175
Contribution margin	186,468	138,974
Other income (expense)	26	188
Depreciation and amortization	(4,944)	(4,421)
Warehouse ("Warehouse") \| Operating segment
Segment information
Net sales	21,774	24,048
Contribution margin	296	382
Depreciation and amortization	$ (81)	$ (58)

SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	3 Months Ended
SEGMENT INFORMATION (Details 2) - USD ($) $ in Thousands	Mar. 31, 2014	Mar. 31, 2013
Segment information
Net sales	$ 536,129	$ 484,223
Outside United States
Segment information
Net sales	115,800	106,300
Energy drinks
Segment information
Net sales	499,013	446,026
Non-carbonated (primarily juice based beverages and Peace Tea iced teas)
Segment information
Net sales	26,446	27,972
Carbonated (primarily soda beverages)
Segment information
Net sales	7,014	6,401
Other
Segment information
Net sales	$ 3,656	$ 3,824
Coca-Cola Refreshments ("CCR") \| Direct Store Delivery ("DSD") \| Sales \| Customer concentration
Segment information
Percentage of net sales from major customer	31.00%	30.00%

RELATED PARTY TRANSACTIONS (Details) - Directors and Officers that provide promotional materials $ in Thousands	3 Months Ended
	Mar. 31, 2014 USD ($) item	Mar. 31, 2013 USD ($)
Related party transactions
Number of directors and officers who are principal owners of a company that provides promotional materials \| item	2
Expenses incurred in connection with materials or services provided by a related party \| $	$ 70	$ 200

Label	Element	Value
Unrecognized Tax Benefits	us-gaap_UnrecognizedTaxBenefits	$ 935,000
Unrecognized Tax Benefits	us-gaap_UnrecognizedTaxBenefits	$ 935,000