Concentrations of Risk

3 Months Ended

Mar. 31, 2020

Risks And Uncertainties [Abstract]

Concentration of Risk

16. Concentrations of Risk

Our Paper segment has a long-standing commercial and contractual relationship with Office Depot, our largest customer in the paper business. This relationship exposes us to a significant concentration of business and financial risk. Our sales to Office Depot represent approximately 5% and 7% of our total Company sales revenue for the three month periods ended March 31, 2020 and 2019, respectively, and approximately 43% and 52% of our Paper segment sales revenue for both of those periods, respectively. For full year 2019, sales to Office Depot represented 50% of our Paper segment sales. At March 31, 2020 and December 31, 2019, we had $56.8 million and $76.2 million of accounts receivable due from Office Depot, respectively, which represents 6% and 9% of our total Company accounts receivable, respectively.