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Revenue Recognition (Tables)

9 Months Ended

Oct. 03, 2021

Revenue from Contract with Customer [Abstract]

Receivables, contracts assets and liabilities from contracts with customers

The following tables set forth the effects of 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.

						October 3, 2021						December 31, 2020
Contract Assets						$	49,377					$	48,390
Contract Liabilities						$	(19,148)					$	(16,687)

Significant changes in the contract assets and liabilities balances during the nine months ended October 3, 2021 and the year ended December 31, 2020 were as follows:

						October 3, 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						—						(28,142)						—						(32,512)
Recognized as revenue												5,110												9,189
Rebates paid to customers						—						20,571						—						23,683
Increases due to rights to consideration for customer specific goods produced, but not billed during the period						49,377						—						48,390						—
Transferred to receivables from contract assets recognized at the beginning of the period						(48,390)						—						(56,364)						—
Ending Balance						$	49,377					$	(19,148)					$	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 October 3, 2021 and September 27, 2020. The tables also include a reconciliation of disaggregated revenue with reportable segments.

Three months ended October 3, 2021			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	408,295					$	370,659					$	145,029					$	923,983
Europe			109,566						99,573						24,033						233,172
Canada			31,612						24,187						—						55,799
Asia			20,728						81,097						393						102,218
Other			28,768						59,714						11,539						100,021
Total			$	598,969					$	635,230					$	180,994					$	1,415,193

Three months ended September 27, 2020			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	387,658					$	293,968					$	166,878					$	848,504
Europe			96,698						78,780						100,418						275,896
Canada			22,131						17,749						—						39,880
Asia			19,710						61,463						147						81,320
Other			20,011						38,409						8,294						66,714
Total			$	546,208					$	490,369					$	275,737					$	1,312,314

The following tables set forth information about revenue disaggregated by primary geographic regions for the nine-month periods ended October 3, 2021 and September 27, 2020. The tables also include a reconciliation of disaggregated revenue with reportable segments.

Nine months ended October 3, 2021			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	1,219,666					$	1,042,249					$	461,996					$	2,723,911
Europe			334,995						300,495						67,371						702,861
Canada			87,948						69,218						—						157,166
Asia			60,256						232,657						914						293,827
Other			76,660						164,540						32,286						273,486
Total			$	1,779,525					$	1,809,159					$	562,567					$	4,151,251

Nine months ended September 27, 2020			Consumer Packaging						Industrial Paper Packaging						All Other						Total
Primary Geographical Markets:
United States			$	1,194,067					$	863,514					$	470,583					$	2,528,164
Europe			276,848						237,599						261,458						775,905
Canada			74,708						64,322						—						139,030
Asia			53,993						170,046						535						224,574
Other			60,327						112,405						20,690						193,422
Total			$	1,659,943					$	1,447,886					$	753,266					$	3,861,095

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=123351226&loc=SL49130551-203045

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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=123351226&loc=SL49130545-203045

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- References

No definition available.

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