Segment and Geographic Information

6 Months Ended

Jun. 30, 2019

In accordance with ASC 280, Segment Reporting, the Company has determined it has two operating segments which are aggregated into one reportable segment, Ranpak. The chief operating decision maker assesses the Company’s performance and allocates resources based on the Company’s consolidated financial information. The aggregation of the two operating segments is based on the Company’s determination that per ASC 280 the operating segments have similar economic characteristics, and are similar in all of the following areas: the nature of products and services, the nature of production processes, the type or class of customer for their products or provide their services, and the methods used to distribute their products or provide their services. In addition, the operating segments were aggregated for purposes of determining whether segments meet the quantitative threshold for separate reporting.

The Company attributes revenue to individual countries based on the Company’s selling location. The Company’s products are primarily sold from the United States and the Netherlands. The following table presents a summary of total net sales from external customers and long-lived assets by geographic location:



Successor
As of June 30, 2019 and for the period from June 3, 2019 through June 30, 2019	United States		Netherlands		Total
Net revenues	$	9.3	$	7.0	$	16.3
Long-lived assets	$	53.0	$	54.0	$	107.0



Predecessor
For the period from April 1, 2019 through June 2, 2019	United States		Netherlands		Total
Net revenues	$	20.2	$	20.1	$	40.3
Long-lived assets	33.7		38.2		$	71.9

For the period from January 1, 2019 through June 2, 2019
Net revenues	$	50.1	$	56.3	$	106.4

As of June 30, 2018 and for the three months ended June 30, 2018
Net revenues	$	33.3	$	31.9	$	65.2
Long-lived assets	$	36.6	$	39.9	$	76.5

For the six months ended June 30, 2018
Net revenues	$	62.1	$	64.7	$	126.8

As of June 30, 2019 and December 31, 2018, 50.4% and 53.4%, respectively, of the Company’s long-lived assets were located outside of the U.S. The Company’s customers are not concentrated in any specific geographic region. During the Successor period, one customer accounted for approximately 12.5% of total revenues, and for the periods from April 1, 2019 through June 2, 2019 and January 1, 2019 through June 2, 2019, accounted for 9.9% and 8.5% of total revenues, respectively. During the three and six months ended June 30, 2018, one customer accounted for approximately 10.8% and 10.9% of total revenues, respectively.