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Loss Per Share
 3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 8 — Loss Per Share

 

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

 

   

Three Months Ended
March 31,

  

Loss per share - basic and diluted

  

2023

    

2022

  

Net loss

   $ (5,318 )   $ (3,909 )

Net loss attributable to non-controlling interests

     (5 )     (100 )

Net loss attributable to JAKKS Pacific, Inc.

     (5,313 )     (3,809 )

Preferred stock dividend *

     367       346  

Net loss attributable to common stockholders **

   $ (5,680 )   $ (4,155 )

Weighted average common shares outstanding - basic and diluted

     9,871       9,588  

Loss per share available to common stockholder - basic and diluted

   $ (0.58 )   $ (0.43 )

 

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

 

** Net loss attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively.

 

Basic loss per share is calculated using the weighted average number of common shares outstanding during the period. Diluted 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 to the extent they are dilutive). Potentially dilutive restricted stock units of 494,106 and 310,907 for the three months ended March 31, 2023 and 2022, respectively, were excluded from the computation of diluted loss per share since they would have been anti-dilutive.