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Revenue Recognition | 9 Months Ended
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Sep. 30, 2025
Revenue from Contract with Customer [Abstract] |
Revenue Recognition | Revenue Recognition Revenue Disaggregation The following tables provide information about disaggregated revenue by the Company’s operating segments and major products and services offerings for the three and nine months ended September 30, 2025 and 2024:
| United States Print and Related Services |  | International |  | Total
Three Months Ended September 30, 2025 |  |  |  |  |
Catalog, publications, retail inserts and directories | $ | 282.8 |  |  | $ | 24.8 |  |  | $ | 307.6 |
Direct mail and other printed products | 130.9 |  |  | 18.4 |  |  | 149.3 |
Other | 2.2 |  |  | — |  |  | 2.2 |
Total products | 415.9 |  |  | 43.2 |  |  | 459.1 |
Logistics services | 54.5 |  |  | — |  |  | 54.5 |
Marketing services and medical services | 74.4 |  |  | — |  |  | 74.4 |
Total services | 128.9 |  |  | — |  |  | 128.9 |
Total net sales | $ | 544.8 |  |  | $ | 43.2 |  |  | $ | 588.0 |
Three Months Ended September 30, 2024 |  |  |  |  |
Catalog, publications, retail inserts and directories | $ | 317.1 |  |  | $ | 58.0 |  |  | $ | 375.1 |
Direct mail and other printed products | 118.8 |  |  | 33.0 |  |  | 151.8 |
Other | 2.9 |  |  | — |  |  | 2.9 |
Total products | 438.8 |  |  | 91.0 |  |  | 529.8 |
Logistics services | 62.9 |  |  | 4.0 |  |  | 66.9 |
Marketing services and medical services | 77.4 |  |  | 0.7 |  |  | 78.1 |
Total services | 140.3 |  |  | 4.7 |  |  | 145.0 |
Total net sales | $ | 579.1 |  |  | $ | 95.7 |  |  | $ | 674.8 |
| United States Print and Related Services |  | International |  | Total
Nine Months Ended September 30, 2025 |  |  |  |  |
Catalog, publications, retail inserts and directories | $ | 843.1 |  |  | $ | 89.8 |  |  | $ | 932.9 |
Direct mail and other printed products | 388.8 |  |  | 73.5 |  |  | 462.3 |
Other | 6.7 |  |  | — |  |  | 6.7 |
Total products | 1,238.6 |  |  | 163.3 |  |  | 1,401.9 |
Logistics services | 162.2 |  |  | 2.6 |  |  | 164.8 |
Marketing services and medical services | 222.3 |  |  | 0.3 |  |  | 222.6 |
Total services | 384.5 |  |  | 2.9 |  |  | 387.4 |
Total net sales | $ | 1,623.1 |  |  | $ | 166.2 |  |  | $ | 1,789.3 |
Nine Months Ended September 30, 2024 |  |  |  |  |
Catalog, publications, retail inserts and directories | $ | 921.7 |  |  | $ | 165.3 |  |  | $ | 1,087.0 |
Direct mail and other printed products | 357.2 |  |  | 82.6 |  |  | 439.8 |
Other | 7.7 |  |  | 0.1 |  |  | 7.8 |
Total products | 1,286.6 |  |  | 248.0 |  |  | 1,534.6 |
Logistics services | 182.0 |  |  | 11.8 |  |  | 193.8 |
Marketing services and medical services | 233.7 |  |  | 1.7 |  |  | 235.4 |
Total services | 415.7 |  |  | 13.5 |  |  | 429.2 |
Total net sales | $ | 1,702.3 |  |  | $ | 261.5 |  |  | $ | 1,963.8 |
Nature of Products and Services The Company recognizes its products and services revenue based on when the transfer of control passes to the client or when the service is completed and accepted by the client. The products offering is predominantly comprised of the Company’s print operations which includes retail inserts, publications, catalogs, special interest publications, journals, direct mail, directories, in-store marketing and promotion, packaging, custom print products, other commercial and specialty printed products and global paper procurement. The Company considers its logistic operations as services, which include the delivery of printed material. The services offering also includes revenues related to the Company’s marketing services operations, which include data and analytics, technology solutions, media services, creative and content solutions, managed services and execution in non-print channels (e.g., digital and broadcast), as well as medical services. Costs to Obtain Contracts In accordance with Accounting Standards Codification (“ASC”) 606 — Revenue from Contracts with Customers, the Company defers certain contract acquisition costs paid to the client at contract inception. Costs to obtain contracts with a duration of less than one year are expensed as incurred. For all contract costs with contracts over one year, the Company amortizes the costs to obtain contracts on a straight-line basis over the estimated life of the contract and reviews quarterly for impair ment. Activity impacting costs to obtain contracts for the nine months ended September 30, 2025, was as follows:
| Costs to Obtain Contracts
Balance at December 31, 2024 | $ | 1.0 |
Costs to obtain contracts | 0.3 |
Amortization of costs to obtain contracts | (0.7) |
Balance at September 30, 2025 | $ | 0.6 |

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-9 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-15 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-12 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Topic 606 -Publisher FASB -URI https://asc.fasb.org/606/tableOfContent + Details
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