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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Net sales $ 166,933 $ 220,422 $ 274,417 $ 341,303
Cost of sales:        
Cost of goods 115,735 159,532 191,782 250,496
Gross profit 51,198 60,890 82,635 90,807
Direct selling expenses 3,980 6,838 11,721 11,740
General and administrative expenses 30,677 29,514 58,671 54,667
Depreciation and amortization 93 578 195 1,174
Selling, general and administrative expenses 34,750 36,930 70,587 67,581
Intangibles impairment 0 300 0 300
Income from operations 16,448 23,660 12,048 22,926
Loss from joint ventures (565) 0 (565) 0
Other income (expense), net 38 183 476 269
Change in fair value of preferred stock derivative liability (6,022) 6,029 (5,875) 5,384
Loss on debt extinguishment (1,023) 0 (1,023) 0
Interest income 86 6 203 9
Interest expense (1,302) (2,337) (4,305) (4,539)
Income before provision for income taxes 7,660 27,541 959 24,049
Provision for income taxes 1,478 1,334 95 1,751
Net income 6,182 26,207 864 22,298
Net loss attributable to non-controlling interests (273) (353) (278) (453)
Net loss attributable to Jakks Pacific, Inc. 6,455 26,560 1,142 22,751
Net income attributable to common stockholders $ 6,082 $ 26,209 $ 402 $ 22,054
Earnings per share - basic (in Dollars per share) $ 0.62 $ 2.73 $ 0.04 $ 2.3
Shares used in earnings per share - basic (in Shares) 9,871,000 9,588,000 9,871,000 9,588,000
Earnings per share - diluted (in Dollars per share) $ 0.58 $ 2.61 $ 0.04 $ 2.21
Shares used in earnings per share - diluted (in Shares) 10,532,000 10,037,000 10,428,000 9,978,000
Comprehensive income $ 7,311 $ 24,056 $ 2,325 $ 19,485
Comprehensive income attributable to JAKKS Pacific, Inc. 7,584 24,409 2,603 19,938
Cost of Sales [Member]        
Cost of sales:        
Cost of goods 86,156 121,850 144,460 193,908
Royalty [Member]        
Cost of sales:        
Cost of goods 27,279 35,704 43,933 53,394
Amortization Of Tools And Mold [Member]        
Cost of sales:        
Cost of goods $ 2,300 $ 1,978 $ 3,389 $ 3,194