XML 52 R35.htm IDEA: XBRL DOCUMENT
v3.25.4

Business Segments, Geographic Data, and Sales by Major Customers (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts as of December 31, 2025 and 2024 and for the three years in the period ended December 31, 2025 are as follows (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | TCP |  |  | Costumes |  |  | Total |  |  | TCP |  |  | Costumes |  |  | Total |  |  | TCP |  |  | Costumes |  |  | Total |
Net Sales |  | $ | 461,937 |  |  | $ | 108,734 |  |  | $ | 570,671 |  |  | $ | 570,018 |  |  | $ | 121,024 |  |  | $ | 691,042 |  |  | $ | 580,686 |  |  | $ | 130,871 |  |  | $ | 711,557 |
Cost of Sales (A) |  |  | 304,333 |  |  |  | 81,258 |  |  |  | 385,591 |  |  |  | 389,534 |  |  |  | 88,487 |  |  |  | 478,021 |  |  |  | 388,260 |  |  |  | 99,944 |  |  |  | 488,204 |
Gross Profit |  |  | 157,604 |  |  |  | 27,476 |  |  |  | 185,080 |  |  |  | 180,484 |  |  |  | 32,537 |  |  |  | 213,021 |  |  |  | 192,426 |  |  |  | 30,927 |  |  |  | 223,353 |
Direct selling expenses |  |  | 31,633 |  |  |  | 5,225 |  |  |  | 36,858 |  |  |  | 33,255 |  |  |  | 6,850 |  |  |  | 40,105 |  |  |  | 33,604 |  |  |  | 3,383 |  |  |  | 36,987 |
Product development and testing expenses |  |  | 8,340 |  |  |  | 2,464 |  |  |  | 10,804 |  |  |  | 8,059 |  |  |  | 2,838 |  |  |  | 10,897 |  |  |  | 6,740 |  |  |  | 2,564 |  |  |  | 9,304 |
Divisional general and administrative expenses (A), (B) |  |  | 22,520 |  |  |  | 11,518 |  |  |  | 34,038 |  |  |  | 28,539 |  |  |  | 12,341 |  |  |  | 40,880 |  |  |  | 23,746 |  |  |  | 13,495 |  |  |  | 37,241 |
Allocated headquarter general & administrative expenses (A), (C) |  |  | 73,056 |  |  |  | 16,106 |  |  |  | 89,162 |  |  |  | 67,810 |  |  |  | 13,645 |  |  |  | 81,455 |  |  |  | 67,409 |  |  |  | 13,305 |  |  |  | 80,714 |
Income (loss) from operations |  |  | 22,055 |  |  |  | (7,837 | ) |  |  | 14,218 |  |  |  | 42,821 |  |  |  | (3,137 | ) |  |  | 39,684 |  |  |  | 60,927 |  |  |  | (1,820 | ) |  |  | 59,107 |
Income (loss) from joint venture |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | (565 | )
Other income (expense), net |  |  |  |  |  |  |  |  |  |  | 450 |  |  |  |  |  |  |  |  |  |  |  | 302 |  |  |  |  |  |  |  |  |  |  |  | 563 |
Change in fair value of preferred stock derivative liability |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | (8,029 | )
Loss on debt extinguishment |  |  |  |  |  |  |  |  |  |  | (427 | ) |  |  |  |  |  |  |  |  |  |  | — |  |  |  |  |  |  |  |  |  |  |  | (1,023 | )
Interest income |  |  |  |  |  |  |  |  |  |  | 995 |  |  |  |  |  |  |  |  |  |  |  | 841 |  |  |  |  |  |  |  |  |  |  |  | 1,344 |
Interest expense |  |  |  |  |  |  |  |  |  |  | (471 | ) |  |  |  |  |  |  |  |  |  |  | (1,095 | ) |  |  |  |  |  |  |  |  |  |  | (6,451 | )
Income before provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  | $ | 14,765 |  |  |  |  |  |  |  |  |  |  | $ | 39,732 |  |  |  |  |  |  |  |  |  |  | $ | 44,946 |
(A) Includes depreciation and amortization |  | $ | 10,123 |  |  | $ | 110 |  |  | $ | 10,233 |  |  | $ | 9,925 |  |  | $ | 121 |  |  | $ | 10,046 |  |  | $ | 8,409 |  |  | $ | 176 |  |  | $ | 8,585 |
| (B) | Consist mainly of payroll and related expenses, rent, depreciation and other general and administrative expenses.
| (C) | Consist mainly of payroll related expenses, rent, depreciation and other general and administrative expenses.
|  | December 31, |
|  | 2025 |  |  | 2024 |
Assets |  |  |  |  |  |
Toys/Consumer Products |  | $ | 419,064 |  |  | $ | 429,254 |
Costumes |  |  | 23,133 |  |  |  | 15,615 |
|  | $ | 442,197 |  |  | $ | 444,869 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of December 31, 2025 and 2024 and for each of the three years in the period ended December 31, 2025 (in thousands):
|  | Year Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Net Sales by Customer Area |  |  |  |  |  |  |  |  |
United States |  | $ | 416,605 |  |  | $ | 545,013 |  |  | $ | 557,865 |
Europe |  |  | 81,379 |  |  |  | 71,392 |  |  |  | 76,464 |
Latin America |  |  | 36,421 |  |  |  | 38,159 |  |  |  | 32,024 |
Canada |  |  | 24,426 |  |  |  | 20,983 |  |  |  | 26,992 |
Australia & New Zealand |  |  | 4,982 |  |  |  | 7,409 |  |  |  | 7,542 |
Asia |  |  | 4,953 |  |  |  | 6,101 |  |  |  | 8,543 |
Middle East and Africa |  |  | 1,905 |  |  |  | 1,985 |  |  |  | 2,127 |
|  | $ | 570,671 |  |  | $ | 691,042 |  |  | $ | 711,557 |
|  | December 31, |
|  | 2025 |  |  | 2024 |
Long-lived Assets |  |  |  |  |  |
United States |  | $ | 42,788 |  |  | $ | 53,020 |
China |  |  | 16,659 |  |  |  | 13,553 |
United Kingdom |  |  | 3,073 |  |  |  | 808 |
Hong Kong |  |  | 1,853 |  |  |  | 582 |
Italy |  |  | 717 |  |  |  | 754 |
Mexico |  |  | 594 |  |  |  | 31 |
Canada |  |  | 92 |  |  |  | 107 |
France |  |  | 8 |  |  |  | 41 |
|  | $ | 65,784 |  |  | $ | 68,896 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Net sales to major customers globally were as follows (in thousands, except for percentages):
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  |  |  |  | Percentage of |  |  |  |  |  | Percentage of |  |  |  |  |  | Percentage of |
|  | Amount |  |  | Net Sales |  |  | Amount |  |  | Net Sales |  |  | Amount |  |  | Net Sales |
Target® |  | $ | 152,028 |  |  |  | 26.6 | % |  | $ | 204,396 |  |  |  | 29.6 | % |  | $ | 215,211 |  |  |  | 30.3 | %
Walmart® (*) |  |  | 149,206 |  |  |  | 26.1 |  |  |  | 180,719 |  |  |  | 26.2 |  |  |  | 164,855 |  |  |  | 23.2 |
Amazon® |  |  | <10 | % |  |  | <10 | % |  |  | 73,149 |  |  |  | 10.6 |  |  |  | 74,878 |  |  |  | 10.5 |
|  | $ | 301,234 |  |  |  | 52.7 | % |  | $ | 458,264 |  |  |  | 66.4 | % |  | $ | 454,944 |  |  |  | 64.0 | %
| (*) | During the year ended December 31, 2025, the Company determined that, in prior periods, net sales to two subsidiaries of Walmart Inc., were not aggregated with net sales to Walmart Inc. in the major customer disclosure under ASC 280-10-50-42. Because these entities are under common control, such sales should be presented as revenues from a single customer. Accordingly, prior-period amounts have been revised to aggregate these net sales amounts to Walmart Inc. and its subsidiaries. This revision affected only the major customer disclosure and had no impact on the Company’s consolidated financial statements for any period presented. The Company concluded that the revision was not material to previously issued financial statements.

X
- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration