XML 43 R33.htm IDEA: XBRL DOCUMENT v3.21.1

Revenue Recognition (Tables)

3 Months Ended

Apr. 04, 2021

Revenue from Contract with Customer [Abstract]

Receivables, contracts assets and liabilities from contracts with customers

The following table sets forth information about receivables, contract assets, and liabilities from contracts with customers. Contract assets and liabilities are reported in "Other receivables" and "Accrued expenses and other," respectively, on the Company's Condensed Consolidated Balance Sheets.

						April 4, 2021						December 31, 2020
Contract Assets						$	51,455					$	48,390
Contract Liabilities						$	(12,643)					$	(16,687)

Significant changes in the contract assets and liabilities balances during the three months ended April 4, 2021 and the year ended December 31, 2020 were as follows:

						April 4, 2021												December 31, 2020
						Contract Asset						Contract Liability						Contract Asset						Contract Liability
Beginning Balance						$	48,390					$	(16,687)					$	56,364					$	(17,047)
Revenue deferred or rebates accrued						—						(10,348)						—						(32,512)
Recognized as revenue												1,731												9,189
Rebates paid to customers						—						12,661						—						23,683
Increases due to rights to consideration for customer specific goods produced, but not billed during the period						51,455						—						48,390						—
Transferred to receivables from contract assets recognized at the beginning of the period						(48,390)						—						(56,364)						—
Ending Balance						$	51,455					$	(12,643)					$	48,390					$	(16,687)

Disaggregation of revenue

The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended April 4, 2021 and March 29, 2020. The tables also include a reconciliation of disaggregated revenue with reportable segments.

Three months ended April 4, 2021			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	397,797					$	325,222					$	174,731					$	897,750
Europe			115,180						96,684						21,409						233,273
Canada			26,143						21,046						—						47,189
Asia			21,153						73,372						241						94,766
Other			22,480						49,073						8,773						80,326
Total			$	582,753					$	565,397					$	205,154					$	1,353,304

Three months ended March 29, 2020			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	387,265					$	296,220					$	166,979					$	850,464
Europe			89,823						83,540						84,131						257,494
Canada			25,845						25,577						—						51,422
Asia			16,538						55,784						202						72,524
Other			21,098						41,370						8,924						71,392
Total			$	540,569					$	502,491					$	260,236					$	1,303,296

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

+ Details

Name:	us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration