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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 796,187 $ 621,116 $ 515,872
Cost of sales:      
Cost of goods 584,901 438,159 366,107
Gross profit 211,286 182,957 149,765
Direct selling expenses 33,290 43,069 41,590
General and administrative expenses 114,819 98,712 90,424
Depreciation and amortization 1,907 2,409 2,846
Selling, general and administrative expense 150,016 144,190 134,860
Intangible asset impairment 300 0 0
Restructuring charge 0 0 1,631
Pandemic related charges 0 0 366
Income from operations 60,970 38,767 12,908
Income from joint ventures 0 0 2
Other income (expense), net 797 446 301
Change in fair value of preferred stock derivative liability (636) (13,220) (2,815)
Change in fair value of convertible senior notes 0 (16,419) (2,265)
Gain on loan forgiveness 0 6,206 0
Loss on debt extinguishment 0 (7,351) 0
Interest income 127 13 22
Interest expense (11,183) (14,104) (21,562)
Income (loss) before provision for (benefit from) income taxes 50,075 (5,662) (13,409)
Provision for (benefit from) income taxes (41,008) 226 735
Net income (loss) 91,083 (5,888) (14,144)
Net income (loss) attributable to non-controlling interests (330) 120 130
Net income (loss) attributable to JAKKS Pacific, Inc. 91,413 (6,008) (14,274)
Net income (loss) attributable to common stockholders [1] $ 89,997 $ (7,342) $ (15,531)
Earnings (loss) per share - basic* (in Dollars per share) [2] $ 9.33 $ (0.98) $ (4.27)
Shares used in earnings (loss) per share - basic* (in Shares) [2] 9,651,000 7,498,000 3,634,000
Earnings (loss) per share - diluted* (in Dollars per share) [2] $ 8.86 $ (0.98) $ (4.27)
Shares used in earnings (loss) per share - diluted* (in Shares) [2] 10,155,000 7,498,000 3,634,000
Cost of Sales [Member]      
Cost of sales:      
Cost of goods $ 449,597 $ 343,130 $ 274,867
Royalty [Member]      
Cost of sales:      
Cost of goods 126,633 87,187 83,150
Amortization of tools and mold [Member]      
Cost of sales:      
Cost of goods $ 8,671 $ 7,842 $ 8,090
[1] Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $1.4 million, $1.3 million and $1.3 million for the years ended December 31, 2022, 2021 and 2020 respectively.
[2] After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.