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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net sales $ 711,557 $ 796,187 $ 621,116
Cost of sales:      
Cost of goods 488,204 584,901 438,159
Gross profit 223,353 211,286 182,957
Direct selling expenses 36,987 33,290 43,069
General and administrative expenses 126,893 114,819 98,712
Depreciation and amortization 366 1,907 2,409
Selling, general and administrative expense 164,246 150,016 144,190
Intangible asset impairment 0 300 0
Income from operations 59,107 60,970 38,767
Loss from joint ventures (565) 0 0
Other income (expense), net 563 797 446
Change in fair value of preferred stock derivative liability (8,029) (636) (13,220)
Change in fair value of convertible senior notes 0 0 (16,419)
Gain on loan forgiveness 0 0 6,206
Loss on debt extinguishment (1,023) 0 (7,351)
Interest income 1,344 127 13
Interest expense (6,451) (11,183) (14,104)
Income (loss) before provision for (benefit from) income taxes 44,946 50,075 (5,662)
Provision for (benefit from) income taxes 6,833 (41,008) 226
Net income (loss) 38,113 91,083 (5,888)
Net income (loss) attributable to non-controlling interests (293) (330) 120
Net income (loss) attributable to JAKKS Pacific, Inc. 38,406 91,413 (6,008)
Net income (loss) attributable to common stockholders [1] $ 36,904 $ 89,997 $ (7,342)
Earnings (loss) per share - basic (in Dollars per share) $ 3.7 $ 9.33 $ (0.98)
Shares used in earnings (loss) per share - basic (in Shares) 9,962,000 9,651,000 7,498,000
Earnings (loss) per share - diluted (in Dollars per share) $ 3.48 $ 8.86 $ (0.98)
Shares used in earnings (loss) per share - diluted (in Shares) 10,590,000 10,155,000 7,498,000
Cost of Sales [Member]      
Cost of sales:      
Cost of goods $ 362,378 $ 449,597 $ 343,130
Royalty [Member]      
Cost of sales:      
Cost of goods 117,607 126,633 87,187
Amortization of tools and mold [Member]      
Cost of sales:      
Cost of goods $ 8,219 $ 8,671 $ 7,842
[1] Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $1.5 million, $1.4 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021 respectively.