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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net sales $ 309,744 $ 322,998 $ 584,161 $ 664,301
Cost of sales:        
Cost of goods 202,759 231,087 394,541 481,583
Gross profit 106,985 91,911 189,620 182,718
Direct selling expenses 10,684 8,397 22,405 20,137
General and administrative expenses 33,821 29,400 92,492 84,067
Depreciation and amortization 81 373 276 1,547
Selling, general and administrative expenses 44,586 38,170 115,173 105,751
Intangibles impairment 0 0 0 300
Income from operations 62,399 53,741 74,447 76,667
Loss from joint ventures 0 0 (565) 0
Other income (expense), net (52) 251 424 520
Change in fair value of preferred stock derivative liability (793) (7,449) (6,668) (2,065)
Loss on debt extinguishment 0 0 (1,023) 0
Interest income 384 55 587 64
Interest expense (1,436) (4,350) (5,741) (8,889)
Income before provision for income taxes 60,502 42,248 61,461 66,297
Provision for income taxes 12,381 11,572 12,476 13,323
Net income 48,121 30,676 48,985 52,974
Net loss attributable to non-controlling interests (11) (17) (289) (470)
Net loss attributable to Jakks Pacific, Inc. 48,132 30,693 49,274 53,444
Net income attributable to common stockholders $ 47,754 $ 30,336 $ 48,156 $ 52,390
Earnings per share - basic (in Dollars per share) $ 4.77 $ 3.13 $ 4.85 $ 5.44
Shares used in earnings per share - basic (in Shares) 10,021,000 9,695,000 9,922,000 9,624,000
Earnings per share - diluted (in Dollars per share) $ 4.53 $ 2.96 $ 4.58 $ 5.18
Shares used in earnings per share - diluted (in Shares) 10,542,000 10,260,000 10,503,000 10,111,000
Comprehensive income $ 47,334 $ 27,847 $ 49,659 $ 47,332
Comprehensive income attributable to JAKKS Pacific, Inc. 47,345 27,864 49,948 47,802
Cost of Sales [Member]        
Cost of sales:        
Cost of goods 149,052 174,334 293,512 368,242
Royalty [Member]        
Cost of sales:        
Cost of goods 51,141 52,868 95,074 106,262
Amortization Of Tools And Mold [Member]        
Cost of sales:        
Cost of goods $ 2,566 $ 3,885 $ 5,955 $ 7,079