XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 22,070 $ 72,350
Restricted cash 214 204
Accounts receivable, net of allowance for credit losses of $5,400 and $3,743 at September 30, 2024 and December 31, 2023, respectively 290,424 123,797
Inventory 63,509 52,647
Prepaid expenses and other assets 8,082 6,374
Total current assets 384,299 255,372
Property and equipment    
Office furniture and equipment 9,906 8,852
Molds and tooling 127,222 120,396
Leasehold improvements 6,944 6,708
Total 144,072 135,956
Less accumulated depreciation and amortization 128,947 121,357
Property and equipment, net 15,125 14,599
Operating lease right-of-use assets, net 19,242 23,592
Other long-term assets 1,923 2,162
Deferred income tax assets, net 68,187 68,143
Goodwill 35,102 35,083
Total assets 523,878 398,951
Current liabilities    
Accounts payable 98,928 42,177
Accounts payable - Meisheng (related party) 35,011 12,259
Accrued expenses 71,748 45,102
Reserve for sales returns and allowances 40,837 38,531
Income taxes payable 0 3,785
Short-term operating lease liabilities 7,405 7,380
Total current liabilities 253,929 149,234
Long-term operating lease liabilities 14,536 16,666
Accrued expenses – long-term 1,824 3,746
Preferred stock derivative liability 0 29,947
Income taxes payable 3,523 3,245
Total liabilities 273,812 202,838
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; nil and 200,000 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 0 5,992
Stockholders' Equity    
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,990,337 and 10,096,197 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 11 10
Additional paid-in capital 295,400 278,642
Accumulated deficit (30,579) (73,612)
Accumulated other comprehensive loss (15,266) (15,627)
Total JAKKS Pacific, Inc. stockholders' equity 249,566 189,413
Non-controlling interests 500 708
Total stockholders' equity 250,066 190,121
Total liabilities, preferred stock and stockholders' equity $ 523,878 $ 398,951