XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.20.2

Business Segments, Geographic Data, and Sales by Major Customers | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | Note 2 — Business Segments, Geographic Data, and Sales by Major Customers The Company is a worldwide producer and marketer of children’s toys and other consumer products, principally engaged in the design, development, production, marketing and distribution of its diverse portfolio of products. The Company recently re-aligned its products into two reporting segments to better reflect the management and operation of the business. The Company’s segments are (i) Toys/Consumer Products and (ii) Halloween. Prior year’s segment reporting has been restated to reflect this change. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot- to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and related products, and makeup and skincare products under the C'est Moi brand. Within the Halloween segment, the Company markets and sells Halloween costumes and accessories and everyday costume play products, primarily in the U.S. and Canada. Segment performance is measured at the operating income (loss) level. All sales are made to external customers and general corporate expenses have been attributed to the segments based upon relative sales volumes. Segment assets are primarily comprised of accounts receivable and inventories, net of applicable reserves and allowances, goodwill and other assets. Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three and nine months ended September 30, 2020 and 2019 and as of September 30, 2020 and December 31, 2019 are as follows (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net Sales |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Toys/Consumer Products |  | $ | 187,309 |  |  | $ | 204,338 |  |  | $ | 306,088 |  |  | $ | 330,319 |
Halloween |  |  | 54,981 |  |  |  | 75,792 |  |  |  | 81,517 |  |  |  | 115,819 |
|  | $ | 242,290 |  |  | $ | 280,130 |  |  | $ | 387,605 |  |  | $ | 446,138 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Income (Loss) from Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Toys/Consumer Products |  | $ | 33,843 |  |  | $ | 32,515 |  |  | $ | 15,493 |  |  | $ | (966 | )
Halloween |  |  | 3,670 |  |  |  | 3,147 |  |  |  | (3,712 | ) |  |  | (6,062 | )
|  | $ | 37,513 |  |  | $ | 35,662 |  |  | $ | 11,781 |  |  | $ | (7,028 | )
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Depreciation and Amortization Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Toys/Consumer Products |  | $ | 4,280 |  |  | $ | 5,499 |  |  | $ | 8,396 |  |  | $ | 11,827 |
Halloween |  |  | 251 |  |  |  | 1,499 |  |  |  | 596 |  |  |  | 2,644 |
|  | $ | 4,531 |  |  | $ | 6,998 |  |  | $ | 8,992 |  |  | $ | 14,471 |
|  | September 30, 2020 |  |  | December 31, 2019 |
Assets |  |  |  |  |  |  |  |
Toys/Consumer Products |  | $ | 353,172 |  |  | $ | 356,584 |
Halloween |  |  | 54,419 |  |  |  | 8,638 |
|  | $ | 407,591 |  |  | $ | 365,222 |
The following tables present information about the Company by geographic area as of September 30, 2020 and December 31, 2019 and for the three and nine months ended September 30, 2020 and 2019 (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
Long-lived Assets |  |  |  |  |  |  |  |
United States |  | $ | 24,467 |  |  | $ | 31,175 |
China |  |  | 11,454 |  |  |  | 11,461 |
Hong Kong |  |  | 2,149 |  |  |  | 2,937 |
United Kingdom |  |  | 1,431 |  |  |  | 1,633 |
Canada |  |  | 102 |  |  |  | 134 |
Mexico |  |  | 89 |  |  |  | — |
|  | $ | 39,692 |  |  | $ | 47,340 |
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Net Sales by Customer Area |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 202,303 |  |  | $ | 229,975 |  |  | $ | 320,998 |  |  | $ | 369,942 |
Europe |  |  | 21,045 |  |  |  | 25,740 |  |  |  | 34,424 |  |  |  | 39,477 |
Canada |  |  | 9,523 |  |  |  | 10,218 |  |  |  | 14,555 |  |  |  | 14,960 |
Asia |  |  | 2,744 |  |  |  | 3,820 |  |  |  | 5,976 |  |  |  | 7,287 |
Australia & New Zealand |  |  | 1,936 |  |  |  | 2,582 |  |  |  | 4,269 |  |  |  | 4,270 |
Latin America |  |  | 4,504 |  |  |  | 6,853 |  |  |  | 6,586 |  |  |  | 8,789 |
Middle East & Africa |  |  | 235 |  |  |  | 942 |  |  |  | 797 |  |  |  | 1,413 |
|  | $ | 242,290 |  |  | $ | 280,130 |  |  | $ | 387,605 |  |  | $ | 446,138 |
Major Customers Net sales to major customers for the three and nine months ended September 30, 2020 and 2019 were as follows (in thousands, except for percentages):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
|  | Amount |  |  | Percentage of Net Sales |  |  | Amount |  |  | Percentage of Net Sales |  |  | Amount |  |  | Percentage of Net Sales |  |  | Amount |  |  | Percentage of Net Sales |
Wal-Mart |  | $ | 75,018 |  |  |  | 31.0 | % |  | $ | 78,347 |  |  |  | 28.0 | % |  | $ | 115,736 |  |  |  | 29.9 | % |  | $ | 130,165 |  |  |  | 29.2 | %
Target |  |  | 60,683 |  |  |  | 25.0 |  |  |  | 64,172 |  |  |  | 22.9 |  |  |  | 94,227 |  |  |  | 24.3 |  |  |  | 90,367 |  |  |  | 20.2 |
|  | $ | 135,701 |  |  |  | 56.0 | % |  | $ | 142,519 |  |  |  | 50.9 | % |  | $ | 209,963 |  |  |  | 54.2 | % |  | $ | 220,532 |  |  |  | 49.4 | %
No other customer accounted for more than 10% of the Company's total net sales. The concentration of the Company’s business with a relatively small number of customers may expose the Company to material adverse effects if one or more of its large customers were to experience financial difficulty. The Company performs ongoing credit evaluations of its top customers and maintains an allowance for potential credit losses.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration