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Earnings Per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 8 — Earnings Per Share

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

		Three Months Ended June 30,								Six Months Ended June 30,
Earnings per share - basic and diluted		2023				2022				2023				2022
Net income		$	6,182			$	26,207			$	864			$	22,298
Net loss attributable to non-controlling interests			(273	)			(353	)			(278	)			(453	)
Net income attributable to JAKKS Pacific, Inc.			6,455				26,560				1,142				22,751
Preferred stock dividend*			373				351				740				697
Net income attributable to common stockholders **		$	6,082			$	26,209			$	402			$	22,054
Weighed average common shares outstanding - basic			9,871				9,588				9,871				9,588
Earnings per share available to common stockholder- basic		$	0.62			$	2.73			$	0.04			$	2.30
Weighed average common shares outstanding - diluted			10,532				10,037				10,428				9,978
Earnings per share available to common stockholder- diluted		$	0.58			$	2.61			$	0.04			$	2.21

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

** Net income attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.7 million for the three and six months ended June 30, 2023, respectively. Net income attributable to common stockholders was computed by deducting preferred dividends of $0.4 million and $0.7 million for the three and six months ended June 30, 2022, respectively.

Basic earnings per share is calculated using the weighted average number of common shares outstanding during the period. Diluted earnings 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). No restricted stock units were excluded from the computation of diluted earnings per share for the three and six months ended June 30, 2023 and 2022.