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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net sales $ 691,042 $ 711,557 $ 796,187
Cost of sales:      
Cost of goods [1] 478,021 488,204 584,901
Gross profit 213,021 223,353 211,286
Direct selling expenses 40,105 36,987 33,290
General and administrative expenses 132,840 126,893 114,819
Depreciation and amortization 392 366 1,907
Selling, general and administrative expense 173,337 164,246 150,016
Intangible asset impairment 0 0 300
Income from operations 39,684 59,107 60,970
Loss from joint ventures 0 (565) 0
Other income (expense), net 302 563 797
Change in fair value of preferred stock derivative liability 0 (8,029) (636)
Loss on debt extinguishment 0 (1,023) 0
Interest income 841 1,344 127
Interest expense (1,095) (6,451) (11,183)
Income before provision for (benefit from) income taxes 39,732 44,946 50,075
Provision for (benefit from) income taxes 5,532 6,833 (41,008)
Net income 34,200 38,113 91,083
Net income (loss) attributable to non-controlling interests 280 (293) (330)
Net income attributable to JAKKS Pacific, Inc. 33,920 38,406 91,413
Net income attributable to common stockholders [2] $ 35,250 $ 36,904 $ 89,997
Earnings per share - basic (in Dollars per share) $ 3.27 $ 3.7 $ 9.33
Shares used in earnings per share - basic (in Shares) 10,781,000 9,962,000 9,651,000
Earnings per share - diluted (in Dollars per share) $ 3.14 $ 3.48 $ 8.86
Shares used in earnings per share - diluted (in Shares) 11,226,000 10,590,000 10,155,000
Cost of Sales [Member]      
Cost of sales:      
Cost of goods $ 361,563 $ 362,378 $ 449,597
Royalty [Member]      
Cost of sales:      
Cost of goods 106,804 117,607 126,633
Amortization of tools and mold [Member]      
Cost of sales:      
Cost of goods $ 9,654 $ 8,219 $ 8,671
[1] Includes depreciation and amortization $9,925  $121  $10,046  $8,409  $176  $8,585  $10,182  $396  $10,578
[2] Net income 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 years ended December 31, 2024 and the preferred stock dividend of $1.5 million and $1.4 million for the years ended December 31, 2023 and 2022 respectively.