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Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8 — Earnings (Loss) Per Share

The following table is a reconciliation of the weighted average shares used in the computation of earnings (loss) per share for the periods presented (in thousands, except per share data):

		Three Months Ended September 30,								Nine Months Ended September 30,
Earnings (loss) per share - basic and diluted		2022				2021				2022				2021
Net income (loss)		$	30,676			$	36,376			$	52,974			$	(2,735	)
Net income (loss) attributable to non-controlling interests			(17	)			42				(470	)			101
Net income (loss) attributable to JAKKS Pacific, Inc.			30,693				36,334				53,444				(2,836	)
Preferred stock dividend *			357				336				1,054				993
Net income (loss) attributable to common stockholders **		$	30,336			$	35,998			$	52,390			$	(3,829	)
Weighted average common shares outstanding - basic			9,695				8,823				9,624				6,820
Earnings (loss) per share available to common stockholder- basic		$	3.13			$	4.08			$	5.44			$	(0.56	)
Weighted average common shares outstanding - diluted			10,260				9,073				10,111				6,820
Earnings (loss) per share available to common stockholder- diluted		$	2.96			$	3.97			$	5.18			$	(0.56	)

* The 200,000 shares issued and outstanding are non-participating.

** Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $1.1 million for the three and nine months ended September 30, 2022, respectively. Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $0.3 million and $1.0 million for the three and nine months ended September 30, 2021, respectively.

Basic earnings (loss) per share is calculated using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of restricted stock units and convertible debt to the extent they are dilutive). For the three and nine months ended September 30, 2021, the convertible senior notes interest and related weighted common share equivalent of 409,589 and 2,412,419, respectively, were excluded from the diluted earnings per share calculation since they would have been anti-dilutive. No restricted stock units were excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2022. Potentially dilutive restricted stock awards and units of 499,584 for the nine months ended September 30, 2021, were excluded from the computation of diluted loss per share since they would have been anti-dilutive. No restricted stock units were excluded from the computation of diluted earnings per share for the three months ended September 30, 2021.