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Stockholders’ Equity | 9 Months Ended
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Sep. 30, 2023
Equity [Abstract] |
Stockholders' Equity | Stockholders’ EquityThe following is a reconciliation of changes in stockholders’ equity for the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Class A common stock |  |  |  |  |  |  |
Beginning balance | $ | 5 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 4 |
Shares issued | — |  |  | — |  |  | — |  |  | 1 |
Ending balance | $ | 5 |  |  | $ | 5 |  |  | $ | 5 |  |  | $ | 5 |
Class B common stock |  |  |  |  |  |  |
Beginning balance | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1 |
Redemption of common units of FAH, LLC | — |  |  | — |  |  | — |  |  | (1) |
Ending balance | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additional paid-in capital |  |  |  |  |  |  |
Beginning balance | $ | 319,531 |  |  | $ | 304,258 |  |  | $ | 310,807 |  |  | $ | 252,505 |
Equity-based compensation | (916) |  |  | 4,677 |  |  | 7,521 |  |  | 11,999 |
Shares issued for equity-based compensation awards | — |  |  | 650 |  |  | 287 |  |  | 1,209 |
Redemption of common units of FAH, LLC | 167 |  |  | 21 |  |  | 167 |  |  | 37,922 |
Recapitalization of common units of FAH, LLC | — |  |  | — |  |  | — |  |  | 5,873 |
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets | — |  |  | 3 |  |  | — |  |  | 101 |
Ending balance | $ | 318,782 |  |  | $ | 309,609 |  |  | $ | 318,782 |  |  | $ | 309,609 |
Accumulated other comprehensive (loss) income |  |  |  |  |  |  |
Beginning balance | $ | (426) |  |  | $ | (2,575) |  |  | $ | (2,603) |  |  | $ | 1,078 |
Foreign currency translation loss, net of tax | (2,604) |  |  | (3,276) |  |  | (427) |  |  | (6,929) |
Ending balance | $ | (3,030) |  |  | $ | (5,851) |  |  | $ | (3,030) |  |  | $ | (5,851) |
(Accumulated deficit) retained earnings |  |  |  |  |  |  |
Beginning balance | $ | (68,294) |  |  | $ | 92,604 |  |  | $ | 60,015 |  |  | $ | 68,050 |
Net (loss) income attributable to Funko, Inc. | (15,009) |  |  | 9,630 |  |  | (143,318) |  |  | 34,184 |
Ending balance | $ | (83,303) |  |  | $ | 102,234 |  |  | $ | (83,303) |  |  | $ | 102,234 |
Non-controlling interests |  |  |  |  |  |  |
Beginning balance | $ | 11,936 |  |  | $ | 25,671 |  |  | $ | 21,465 |  |  | $ | 74,920 |
Distributions to TRA Parties | (7) |  |  | (283) |  |  | (1,110) |  |  | (10,507) |
Redemption of common units of FAH, LLC | (167) |  |  | (21) |  |  | (167) |  |  | (37,922) |
Recapitalization of common units of FAH, LLC | — |  |  | — |  |  | — |  |  | (5,873) |
Foreign currency translation (loss) gain, net of tax | (235) |  |  | (398) |  |  | 36 |  |  | (1,406) |
Net (loss) income attributable to non-controlling interests | (1,215) |  |  | 1,519 |  |  | (9,912) |  |  | 7,276 |
Ending balance | $ | 10,312 |  |  | $ | 26,488 |  |  | $ | 10,312 |  |  | $ | 26,488 |
Total stockholders’ equity | $ | 242,766 |  |  | $ | 432,485 |  |  | $ | 242,766 |  |  | $ | 432,485 |
The following is a reconciliation of changes in Class A and Class B common shares outstanding for the three and nine months ended September 30, 2023 and 2022:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (In thousands)
Class A common shares outstanding |  |  |  |  |  |  |
Beginning balance | 47,497 |  |  | 46,832 |  |  | 47,192 |  |  | 40,088 |
Shares issued for equity-based compensation awards | 1,170 |  |  | 259 |  |  | 1,475 |  |  | 507 |
Redemption of common units of FAH, LLC | 60 |  |  | 4 |  |  | 60 |  |  | 6,500 |
Ending balance | 48,727 |  |  | 47,095 |  |  | 48,727 |  |  | 47,095 |
Class B common shares outstanding |  |  |  |  |  |  |
Beginning balance | 3,293 |  |  | 3,293 |  |  | 3,293 |  |  | 10,691 |
Redemption of common units of FAH, LLC | — |  |  | — |  |  | — |  |  | (6,488) |
Recapitalization of Class B common shares | — |  |  | — |  |  | — |  |  | (910) |
Ending balance | 3,293 |  |  | 3,293 |  |  | 3,293 |  |  | 3,293 |
Total Class A and Class B common shares outstanding | 52,020 |  |  | 50,388 |  |  | 52,020 |  |  | 50,388 |

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