Revenue Recognition (Tables)

9 Months Ended

Sep. 29, 2019

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 Condensed Consolidated Balance Sheets.


	September 29, 2019		December 31, 2018

Contract Assets	$	51,287	$	48,786
Contract Liabilities	$	(18,469)	$	(18,533)

Significant changes in the contract assets and liabilities balances during the period were as follows:


	September 29, 2019									December 31, 2018
	Contract Asset			Contract Liability			Contract Asset			Contract Liability
Beginning Balance		$	48,786		$	(18,533)		$	45,877		$	(17,736)
Revenue deferred or rebates accrued		—			(21,812)			—			(19,730)
Recognized as revenue					5,350						1,652
Rebates paid to customers		—			16,526			—			17,281
Increases due to rights to consideration for customer specific goods produced, but not billed during the period		51,287			—			48,786			—
Transferred to receivables from contract assets recognized at the beginning of the period		(48,786)			—			(45,877)			—



Ending Balance		$	51,287		$	(18,469)		$	48,786		$	(18,533)

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 September 29, 2019 and September 30, 2018. The tables also include a reconciliation of disaggregated revenue with reportable segments.


Three months ended September 29, 2019	Consumer Packaging				Display and Packaging				Paper and Industrial Converted Products				Protective Solutions				Total
Primary Geographical Markets:
United States			$	415,567			$	59,688			$	279,908			$	104,082			$	859,245
Europe			99,276				83,888				83,421				6,456				273,041
Canada			26,567				—				26,960				—				53,527
Asia Pacific			17,714				—				71,313				496				89,523
Other			22,244				1,440				34,227				20,684				78,595
Total	$	581,368			$	145,016			$	495,829			$	131,718			$	1,353,931

Timing of Revenue Recognition:
Products transferred at a point in time			$	354,070			$	69,751			$	479,914			$	110,594			$	1,014,329
Products transferred over time	227,298				75,265				15,915				21,124				339,602
Total	$	581,368			$	145,016			$	495,829			$	131,718			$	1,353,931


Three months ended September 30, 2018	Consumer Packaging				Display and Packaging				Paper and Industrial Converted Products				Protective Solutions				Total
Primary Geographical Markets:
United States			$	431,217			$	80,696			$	274,965			$	107,493			$	894,371
Europe			101,848				82,906				84,313				6,721				275,788
Canada			29,427				—				33,233				—				62,660
Asia Pacific			17,863				—				35,617				781				54,261
Other			19,799				1,562				35,620				20,701				77,682
Total	$	600,154			$	165,164			$	463,748			$	135,696			$	1,364,762

Timing of Revenue Recognition¹:
Products transferred at a point in time			$	358,233			$	79,239			$	438,599			$	117,608			$	993,679
Products transferred over time	241,921				85,925				25,149				18,088				371,083
Total	$	600,154			$	165,164			$	463,748			$	135,696			$	1,364,762

The following tables set forth information about revenue disaggregated by primary geographic regions, and timing of revenue recognition for the nine-month periods ended September 29, 2019 and September 30, 2018. The tables also include a reconciliation of disaggregated revenue with reportable segments.


Nine months ended September 29, 2019	Consumer Packaging		Display and Packaging		Paper and Industrial Converted Products		Protective Solutions		Total
Primary Geographical Markets:
United States	$	1,268,863	$	187,347	$	817,364	$	309,318	$	2,582,892
Europe	306,495		225,695		262,084		17,918		812,192
Canada	82,706		—		89,696		—		172,402
Asia	51,072		—		209,961		1,932		262,965
Other	64,698		4,361		104,089		61,758		234,906
Total	$	1,773,834	$	417,403	$	1,483,194	$	390,926	$	4,065,357

Timing of Revenue Recognition:
Products transferred at a point in time	$	1,025,890	$	198,577	$	1,431,757	$	329,699	$	2,985,923
Products transferred over time	747,944		218,826		51,437		61,227		1,079,434
Total	$	1,773,834	$	417,403	$	1,483,194	$	390,926	$	4,065,357


Nine months ended September 30, 2018	Consumer Packaging		Display and Packaging		Paper and Industrial Converted Products		Protective Solutions		Total
Primary Geographical Markets:
United States	$	1,275,775	$	223,760	$	820,429	$	313,343	$	2,633,307
Europe	310,864		221,228		267,566		20,325		819,983
Canada	87,729		—		99,868		—		187,597
Asia	51,067		—		106,615		2,671		160,353
Other	60,633		6,094		104,060		63,295		234,082
Total	$	1,786,068	$	451,082	$	1,398,538	$	399,634	$	4,035,322

Timing of Revenue Recognition¹:
Products transferred at a point in time	$	1,070,346	$	222,137	$	1,332,266	$	339,043	$	2,963,792
Products transferred over time	715,722		228,945		66,272		60,591		1,071,530
Total	$	1,786,068	$	451,082	$	1,398,538	$	399,634	$	4,035,322

¹The Company has revised the amounts from those previously reported in 2018 to reflect corrections in the classification of revenue between "Products transferred at a point in time" and "Products transferred over time" for the Consumer Packaging and Display and Packaging reportable segments.

Revised disclosures for the year ended December 31, 2018 are presented below:


	Consumer Packaging										Display and Packaging
	As Originally Reported		Adjustment		As Revised		As Originally Reported		Adjustment		As Revised
Products transferred at a point in time
Year ended December 31, 2018	$	1,440,662	$	(41,837)	$	1,398,825	$	248,034	$	41,837	$	289,871

Products transferred over time
Year ended December 31, 2018	$	919,337	$	41,837	$	961,174	$	344,275	$	(41,837)	$	302,438