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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 72,350 $ 85,297
Restricted cash 204 193
Accounts receivable, net of allowance for credit losses of $3,743 and $2,865 in 2023 and 2022, respectively 123,797 102,771
Inventory 52,647 80,619
Prepaid expenses and other assets 6,374 6,331
Total current assets 255,372 275,211
Property and equipment    
Office furniture and equipment 8,852 10,064
Molds and tooling 120,396 113,714
Leasehold improvements 6,708 6,659
Total 135,956 130,437
Less accumulated depreciation and amortization 121,357 115,575
Property and equipment, net 14,599 14,862
Operating lease right-of-use assets, net 23,592 19,913
Other long-term assets 2,162 2,469
Deferred income tax assets, net 68,143 57,804
Goodwill 35,083 35,083
Total assets 398,951 405,342
Current liabilities    
Accounts payable 42,177 33,687
Accounts payable - Meisheng (related party) 12,259 9,820
Accrued expenses 45,102 37,998
Reserve for sales returns and allowances 38,531 51,877
Income taxes payable 3,785 8,165
Short-term operating lease liabilities 7,380 10,746
Short-term debt, net 0 25,529
Total current liabilities 149,234 177,822
Long-term operating lease liabilities 16,666 9,863
Accrued expenses – long term 3,746 0
Debt, non-current portion, net of issuance costs and debt discounts 0 41,622
Preferred stock derivative liability 29,947 21,918
Income taxes payable 3,245 2,929
Total liabilities 202,838 254,154
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; 200,000 shares issued and outstanding in 2023 and 2022 5,992 4,490
Stockholders' Equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,096,197 and 9,742,236 shares issued and outstanding in 2023 and 2022, respectively 10 10
Additional paid-in capital 278,642 275,187
Accumulated deficit (73,612) (112,018)
Accumulated other comprehensive loss (15,627) (17,482)
Total JAKKS Pacific, Inc. stockholders' equity 189,413 145,697
Non-controlling interests 708 1,001
Total stockholders' equity 190,121 146,698
Total liabilities, preferred stock and stockholders' equity $ 398,951 $ 405,342