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Revenue Recognition
 3 Months Ended
Apr. 02, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company records revenue when control is transferred to the customer, which is either upon shipment or over time in cases where the Company is entitled to payment with margin for products produced that are customer specific without alternative use. The Company recognizes over time revenue under the input method as goods are produced. Revenue that is recognized at a point in time is recognized when the customer obtains control of the goods. Customers obtain control either when goods are delivered to the customer facility, if the Company is responsible for arranging transportation, or when picked up by the customer's designated carrier. The Company commonly enters into Master Supply Arrangements with customers to provide goods and/or services over specific time periods. Customers submit purchase orders with quantities and prices to create a contract for accounting purposes. Shipping and handling expenses are included in “Cost of Sales,” and freight charged to customers is included in “Net Sales” in the Company's Condensed Consolidated Statements of Income.
The Company has rebate agreements with certain customers. These rebates are recorded as reductions of revenue and are accrued using sales data and rebate percentages specific to each customer agreement. Accrued customer rebates are included in “Accrued expenses and other” in the Company’s Condensed Consolidated Balance Sheets.
Payment terms under the Company's sales arrangements are short term, generally no longer than 120 days. The Company does provide prompt payment discounts to certain customers if invoices are paid within a predetermined period. Prompt payment discounts are treated as a reduction of estimated revenue and are determinable within a short time period following the sale.
The following table sets 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.
April 2, 2023December 31, 2022
Contract Assets$60,047 $56,008 
Contract Liabilities$(23,538)$(22,423)

Significant changes in the contract assets and liabilities balances during the three-month period ended April 2, 2023 and the year ended December 31, 2022 were as follows:
April 2, 2023December 31, 2022
Contract
Asset		Contract
Liability		Contract
Asset		Contract
Liability
Beginning Balance$56,008 $(22,423)$51,106 $(18,993)
Acquired as part of a business combination— — 8,107 (5,418)
Revenue deferred or rebates accrued— (14,142)— (57,510)
Recognized as revenue3,128 18,201 
Rebates paid to customers— 9,899 — 41,297 
Increases due to rights to consideration for customer specific goods produced, but not billed during the period60,047 — 56,008 — 
Transferred to receivables from contract assets recognized at the beginning of the period and acquired as part of business combinations(56,008)— (59,213)— 
Ending Balance$60,047 $(23,538)$56,008 $(22,423)
Contract assets represent goods produced without alternative use for which the Company is entitled to payment with margin prior to shipment. Upon shipment, the Company is entitled to bill the customer, and therefore amounts included in contract assets will be reduced with the recording of an account receivable as they represent an unconditional right to payment. Contract liabilities represent revenue deferred due to pricing mechanisms utilized by the Company in certain multi-year arrangements, volume rebates, and receipts of advance payments. For multi-year arrangements with pricing mechanisms, the Company will generally defer revenue during the first half of the arrangement and will release the deferral over the back half of the contract term. Contract assets and liabilities are generally short in duration given the nature of products produced by the Company.
The following tables set forth information about revenue disaggregated by primary geographic regions for the three-month periods ended April 2, 2023 and April 3, 2022. The tables also include a reconciliation of disaggregated revenue with reportable segments. The Company’s reportable segments are aligned by product nature as disclosed in Note 15.
Three-month period ended April 2, 2023Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$696,098 $360,780 $168,820 $1,225,698 
  Europe114,606 107,808 22,285 244,699 
  Canada28,803 26,952 — 55,755 
  Asia24,136 58,831 330 83,297 
  Other45,635 61,484 13,215 120,334 
Total$909,278 $615,855 $204,650 $1,729,783 
Three-month period ended April 3, 2022Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$654,414 $417,286 $166,074 $1,237,774 
  Europe120,170 116,827 24,125 261,122 
  Canada31,208 27,170 — 58,378 
  Asia25,634 73,619 292 99,545 
  Other36,672 64,227 13,264 114,163 
Total$868,098 $699,129 $203,755 $1,770,982