Revenue Recognition (Tables)

9 Months Ended

Oct. 01, 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.


	October 1, 2023		December 31, 2022

Contract Assets	$	59,782	$	56,008
Contract Liabilities	$	(32,481)	$	(22,423)

Significant changes in the contract assets and liabilities balances during the nine-month period ended October 1, 2023 and the year ended December 31, 2022 were as follows:


	October 1, 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	—		(1,786)		8,107		(5,418)
Revenue deferred or rebates accrued	—		(35,772)		—		(57,510)
Recognized as revenue			8,236				18,201
Rebates paid to customers	—		19,264		—		41,297
Increases due to rights to consideration for customer specific goods produced, but not billed during the period	59,782		—		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	$	59,782	$	(32,481)	$	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 October 1, 2023 and October 2, 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 16.


Three-month period ended October 1, 2023	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	726,137	$	335,136	$	161,600	$	1,222,873
Europe	116,148		91,175		18,304		225,627
Canada	29,268		24,866		—		54,134
Asia	24,828		59,284		628		84,740
Other	42,026		69,574		11,445		123,045
Total	$	938,407	$	580,035	$	191,977	$	1,710,419


Three-month period ended October 2, 2022	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	837,048	$	405,382	$	165,476	$	1,407,906
Europe	101,665		99,804		19,811		221,280
Canada	30,154		28,471		—		58,625
Asia	25,492		65,475		185		91,152
Other	36,190		62,320		12,743		111,253
Total	$	1,030,549	$	661,452	$	198,215	$	1,890,216

The following tables set forth information about revenue disaggregated by primary geographic regions for the nine-month periods ended October 1, 2023 and October 2, 2022. The tables also include a reconciliation of disaggregated revenue with reportable segments.


Nine-month period ended October 1, 2023	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	2,130,895	$	1,035,849	$	491,821	$	3,658,565
Europe	346,287		300,145		62,897		709,329
Canada	89,860		76,029		—		165,889
Asia	73,430		173,903		1,322		248,655
Other	130,818		195,107		37,129		363,054
Total	$	2,771,290	$	1,781,033	$	593,169	$	5,145,492


Nine-month period ended October 2, 2022	Consumer Packaging		Industrial Paper Packaging		All Other		Total
Primary Geographical Markets:
United States	$	2,282,559	$	1,259,348	$	493,136	$	4,035,043
Europe	331,745		334,007		66,500		732,252
Canada	89,342		84,952		—		174,294
Asia	74,533		215,896		748		291,177
Other	110,451		193,778		37,535		341,764
Total	$	2,888,630	$	2,087,981	$	597,919	$	5,574,530