Revenue Recognition (Tables)

6 Months Ended

Jul. 02, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Receivables, Contracts Assets and Liabilities from Contracts With Customers

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, 2023		December 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, 2023				December 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 revenue			6,078				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 period	62,225		—		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)

Summary of Disaggregation of Revenue

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, 2023	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	708,660	$	339,933	$	161,401	$	1,209,994
Europe	115,532		101,162		22,307		239,001
Canada	31,789		24,211		—		56,000
Asia	24,466		55,788		364		80,618
Other	43,158		64,049		12,470		119,677
Total	$	923,605	$	585,143	$	196,542	$	1,705,290


Three-month period ended July 3, 2022	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	791,096	$	436,680	$	161,587	$	1,389,363
Europe	109,910		117,376		22,563		249,849
Canada	27,980		29,312		—		57,292
Asia	23,407		76,803		270		100,480
Other	37,589		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, 2023	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	1,404,758	$	700,713	$	330,221	$	2,435,692
Europe	230,139		208,970		44,593		483,702
Canada	60,591		51,163		—		111,754
Asia	48,602		114,619		694		163,915
Other	88,793		125,533		25,684		240,010
Total	$	1,832,883	$	1,200,998	$	401,192	$	3,435,073


Six-month period ended July 3, 2022	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	1,445,511	$	853,965	$	327,660	$	2,627,136
Europe	230,080		234,203		46,689		510,972
Canada	59,188		56,481		—		115,669
Asia	49,041		150,422		563		200,026
Other	74,261		131,458		24,792		230,511
Total	$	1,858,081	$	1,426,529	$	399,704	$	3,684,314