XML 48 R35.htm IDEA: XBRL DOCUMENT v3.20.2
Revenue Recognition (Tables)
6 Months Ended
Jun. 28, 2020
Revenue from Contract with Customer [Abstract]  
Receivables, contracts assets and liabilities from contracts with customers
The following table sets forth information about receivables, 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.
June 28, 2020December 31, 2019
Contract Assets$62,289  $56,364  
Contract Liabilities$(16,435) $(17,047) 

Significant changes in the contract assets and liabilities balances during the period were as follows:
June 28, 2020December 31, 2019
Contract
Asset
Contract
Liability
Contract
Asset
Contract
Liability
Beginning Balance$56,364  $(17,047) $48,786  $(18,533) 
Revenue deferred or rebates accrued—  (15,102) —  (29,062) 
Recognized as revenue3,893  8,473  
Rebates paid to customers—  11,821  —  22,075  
Increases due to rights to consideration for customer specific goods produced, but not billed during the period62,289  —  51,797  —  
Transferred to receivables from contract assets recognized at the beginning of the period(56,364) —  (48,786) —  
Acquired as part of a business combination—  —  4,567  —  
Ending Balance$62,289  $(16,435) $56,364  $(17,047) 
Disaggregation of revenue
The following tables set forth information about revenue disaggregated by primary geographic regions, and timing of revenue recognition for the three-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Three months ended June 28, 2020Consumer
Packaging
Display and
Packaging
Paper and
Industrial
Converted
Products
Protective
Solutions
Total
Primary Geographical Markets:
  United States$448,546  $47,804  $259,178  $73,777  $829,305  
  Europe102,327  59,499  75,279  5,411  242,516  
  Canada26,732  —  20,995  —  47,727  
  Asia17,745  —  52,799  186  70,730  
  Other19,271  —  26,201  9,735  55,207  
Total$614,621  $107,303  $434,452  $89,109  $1,245,485  

Three months ended June 30, 2019Consumer PackagingDisplay and
Packaging
Paper and
Industrial
Converted
Products
Protective
Solutions
Total
Primary Geographical Markets:
  United States$436,896  $62,097  $268,890  $104,058  $871,941  
  Europe99,007  71,564  87,958  5,595  264,124  
  Canada28,839  —  29,903  —  58,742  
  Asia17,445  —  69,588  516  87,549  
  Other20,563  1,172  34,989  20,641  77,365  
Total$602,750  $134,833  $491,328  $130,810  $1,359,721  

The following tables set forth information about revenue disaggregated by primary geographic regions for the six-month periods ended June 28, 2020 and June 30, 2019. The tables also include a reconciliation of disaggregated revenue with reportable segments.
Six months ended June 28, 2020Consumer
Packaging
Display and
Packaging
Paper and
Industrial
Converted
Products
Protective
Solutions
Total
Primary Geographical Markets:
  United States$870,025  $103,513  $536,000  $170,265  $1,679,803  
  Europe205,350  125,146  158,819  10,695  500,010  
  Canada52,577  —  46,572  —  99,149  
  Asia34,283  —  108,583  388  143,254  
  Other40,803  —  59,448  26,314  126,565  
Total$1,203,038  $228,659  $909,422  $207,662  $2,548,781  
Six months ended June 30, 2019Consumer PackagingDisplay and
Packaging
Paper and
Industrial
Converted
Products
Protective
Solutions
Total
Primary Geographical Markets:
  United States$853,296  $127,659  $537,456  $205,236  $1,723,647  
  Europe207,219  141,807  178,663  11,462  539,151  
  Canada56,139  —  62,736  —  118,875  
  Asia33,358  —  138,648  1,436  173,442  
  Other42,454  2,921  69,862  41,074  156,311  
Total$1,192,466  $272,387  $987,365  $259,208  $2,711,426