Segment and Geographic Information

3 Months Ended

Mar. 31, 2020

In accordance with ASC 280, Segment Reporting, we determined we have 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 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.

We attribute revenue to individual countries based on the selling location. Our products are primarily sold from North America and Europe. The following tables present a summary of total net sales to external customers by geographic location:



	Successor		Predecessor
	Three Months Ended March 31, 2020		Three Months Ended March 31, 2019
Net sales
North America	$	27.1	$	29.9
Europe	36.3		36.2
Total	$	63.4	$	66.1

Our customers are not concentrated in any specific geographic region. During the three months ended March 31, 2020 (Successor period) and 2019 (Predecessor period), one customer accounted for approximately 10.0% and 8.0% of total revenues, respectively.