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Revenue Recognition
 6 Months Ended
Jul. 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.
July 2, 2023December 31, 2022
Contract Assets$62,225 $56,008 
Contract Liabilities$(22,448)$(22,423)

Significant changes in the contract assets and liabilities balances during the six-month period ended July 2, 2023 and the year ended December 31, 2022 were as follows:
July 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— (24,337)— (57,510)
Recognized as revenue6,078 18,201 
Rebates paid to customers— 18,234 — 41,297 
Increases due to rights to consideration for customer specific goods produced, but not billed during the period62,225 — 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$62,225 $(22,448)$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 July 2, 2023 and July 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 July 2, 2023Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$708,660 $339,933 $161,401 $1,209,994 
  Europe115,532 101,162 22,307 239,001 
  Canada31,789 24,211 — 56,000 
  Asia24,466 55,788 364 80,618 
  Other43,158 64,049 12,470 119,677 
Total$923,605 $585,143 $196,542 $1,705,290 
Three-month period ended July 3, 2022Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$791,096 $436,680 $161,587 $1,389,363 
  Europe109,910 117,376 22,563 249,849 
  Canada27,980 29,312 — 57,292 
  Asia23,407 76,803 270 100,480 
  Other37,589 67,231 11,528 116,348 
Total$989,982 $727,402 $195,948 $1,913,332 
The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended July 2, 2023 and July 3, 2022. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Six-month period ended July 2, 2023Consumer
Packaging		Industrial
Paper
Packaging		All OtherTotal
Primary Geographical Markets:
  United States$1,404,758 $700,713 $330,221 $2,435,692 
  Europe230,139 208,970 44,593 483,702 
  Canada60,591 51,163 — 111,754 
  Asia48,602 114,619 694 163,915 
  Other88,793 125,533 25,684 240,010 
Total$1,832,883 $1,200,998 $401,192 $3,435,073 
Six-month period ended July 3, 2022Consumer PackagingIndustrial Paper PackagingAll OtherTotal
Primary Geographical Markets:
  United States$1,445,511 $853,965 $327,660 $2,627,136 
  Europe230,080 234,203 46,689 510,972 
  Canada59,188 56,481 — 115,669 
  Asia49,041 150,422 563 200,026 
  Other74,261 131,458 24,792 230,511 
Total$1,858,081 $1,426,529 $399,704 $3,684,314