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Concentrations of Risk | 6 Months Ended
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Jun. 30, 2023
Risks and Uncertainties [Abstract] |
Concentration of Risk | 16. Concentrations of Risk ODP Corporation ("ODP"), formerly Office Depot Inc., along with its subsidiaries and affiliates, is our largest customer in the Paper segment. Our Paper segment has had a long-standing commercial and contractual relationship with ODP. This relationship exposes us to a significant concentration of business and financial risk. Our sales to ODP represented approximately 5% and 4% of our total Company sales for the six month periods ended June 30, 2023 and 2022, respectively, and approximately 63% and 58% of our Paper segment sales revenue for those periods, respectively. For the full year 2022, sales to ODP represented about 48% of our Paper segment sales. At June 30, 2023 and December 31, 2022, we had $46.9 million and $52.4 million of accounts receivable due from ODP, respectively, which represents approximately 5% of our total Company receivables for both periods.

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- Definition The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 275 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//275/tableOfContent + Details
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