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Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2024

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

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

	Three Months Ended June 30,					Six Months Ended June 30,
Earnings (loss) per share - basic and diluted	2024		2023			2024			2023
Net income (loss)	$	5,266	$	6,182		$	(8,959	)	$	864
Net income (loss) attributable to non-controlling interests		—		(273	)		280			(278	)
Net income (loss) attributable to JAKKS Pacific, Inc.		5,266		6,455			(9,239	)		1,142
Preferred stock dividend*		—		373			—			740
Redemption of preferred stock		—		—			1,330			—
Net income (loss) attributable to common stockholders **	$	5,266	$	6,082		$	(7,909	)	$	402
Weighted average common shares outstanding - basic		10,801		9,871			10,577			9,871
Earnings (loss) per share available to common stockholder- basic	$	0.49	$	0.62		$	(0.75	)	$	0.04
Weighted average common shares outstanding - diluted		11,245		10,532			10,577			10,428
Earnings (loss) per share available to common stockholder- diluted	$	0.47	$	0.58		$	(0.75	)	$	0.04

* The 200,000 shares issued and outstanding as of June 30, 2023 were non-participating. A preferred dividend of $0.4 million was accrued for Q1 2024 and included in the preferred stock redemption.

** Net income (loss) attributable to common stockholders was computed by deducting the difference between the fair value of the consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock and fair value of the related derivative liability of $1.3 million for the six months ended June 30, 2024 and the preferred stock dividend of $0.4 million and $0.7 million for the three and six months ended June 30, 2023.