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Segments
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segments Segments
The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and regularly reviewed by its Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. The Company’s current CODM is our Chief Executive Officer, Cynthia Williams. Because the CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment.
The segment derives revenue from customers by providing a wide variety of branded categories, including Core Collectible (predominately figures), Loungefly (predominately softlines including bags, wallets, backpacks and accessories) and Other (predominately Mondo, Digital and other emerging brands). All product lines, designs, licenses, and marketing/sales strategies are centrally managed as a single operating entity rather than at a geographic or subsidiary level.
The accounting policies of the segment are the same as those described in the summary of significant accounting policies above. The CODM assesses performance for the segment and decides how to allocate resources (including employees, property, financial, and capital resources) based on consolidated net loss that also is reported on the Company's consolidated statements of operations.
The CODM uses consolidated net loss to monitor budget-to-actual results on a monthly basis. During the monthly finance review, consolidated net income (loss) along with other finance metrics are presented to the CODM to understand how branded categories are tracking to budget, specific to net sales.
The following table sets forth segment information for revenue, segment net loss and significant expenses:
 Year Ended December 31,
202420232022
(in thousands, except per share data)
Net sales$1,049,850 $1,096,086 $1,322,706 
Less (add):
Product, freight, duties and shipping costs439,124 502,327 646,011 
License and royalty costs168,883 179,714 213,128 
Inventory reserves and other costs7,311 81,044 29,546 
Salaries, benefits, incentive and stock compensation145,593 157,940 158,596 
Warehouse labor and third-party logistics fees52,244 62,416 62,060 
Advertising and marketing 51,567 31,256 26,666 
Other selling, general and administrative fees109,554 125,453 150,950 
Depreciation and amortization62,583 59,763 47,669 
Other expense (income)23,497 (71,886)11,121 
Income tax expense (benefit)4,564 132,497 (17,801)
Net loss$(15,070)$(164,438)$(5,240)
The following table presents summarized product information:
Year ended December 31,
202420232022
Core Collectible$804,407 $803,181 $998,443 
Loungefly171,833 214,523 252,977 
Other
73,610 78,382 71,286 
Total net sales
$1,049,850 $1,096,086 $1,322,706 
The following tables present summarized geographical information, shipped to (net sales) and used in (long-term assets) (in thousands):
Year ended December 31,
202420232022
Net sales:
United States$681,986 $755,620 $966,324 
Europe283,792 268,496 260,557 
Other International84,072 71,970 95,825 
Total net sales
$1,049,850 $1,096,086 $1,322,706 
December 31,
20242023
Long-lived assets:
United States
$88,705 $110,308 
Europe15,055 18,867 
Other International31,236 31,411 
Total long-lived assets
$134,996 $160,586