Document and Entity Information - shares |
9 Months Ended | |
|---|---|---|
Sep. 30, 2018 |
Nov. 09, 2018 |
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| Document Information [Line Items] | ||
| Document Type | 10-Q | |
| Amendment Flag | false | |
| Document Period End Date | Sep. 30, 2018 | |
| Document Fiscal Year Focus | 2018 | |
| Document Fiscal Period Focus | Q3 | |
| Trading Symbol | JAKK | |
| Entity Registrant Name | JAKKS PACIFIC INC | |
| Entity Central Index Key | 0001009829 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Filer Category | Accelerated Filer | |
| Entity Emerging Growth Company | false | |
| Entity Small Business | false | |
| Entity Common Stock, Shares Outstanding | 29,169,913 |
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'. No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated), (5) Smaller Reporting Accelerated Filer or (6) Smaller Reporting Company and Large Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicates that the company is a smaller reporting company with both a public float and revenues of less than $75 million. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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- Definition Sales Reserves and Allowances No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due beyond one year or the operating cycle, whichever is longer. Alternate captions include income taxes payable, noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount before accumulated depreciation of equipment commonly used in offices and stores that have no permanent connection to the structure of a building or utilities. Examples include, but are not limited to, desks, chairs, tables, and bookcases. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount before accumulated depreciation of additions or improvements to assets held under a lease arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount before accumulated depreciation of tangible personal property used to produce goods and services, including, but is not limited to, tools, dies and molds, computer and office equipment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which is directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent (that is, noncontrolling interest, previously referred to as minority interest). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of noncurrent assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of cash restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer), excluding current portion. Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying value as of the balance sheet date of the portion of long-term notes having the highest claim on the assets of the issuer in case of bankruptcy or liquidation, due within one year or the normal operating cycle, if longer. Senior note holders are paid off in full before any payments are made to debt holders having a lesser priority of repayment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of stockholders' equity (deficit), net of receivables from officers, directors, owners, and affiliates of the entity, attributable to both the parent and noncontrolling interests. Amount excludes temporary equity. Alternate caption for the concept is permanent equity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands |
Sep. 30, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Accounts receivable, allowance for doubtful accounts | $ 22,419 | $ 10,940 |
| Preferred stock, par value | $ 0.001 | $ 0.001 |
| Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
| Preferred stock, outstanding | 0 | 0 |
| Common stock, par value | $ 0.001 | $ 0.001 |
| Common stock, shares authorized | 100,000,000 | 100,000,000 |
| Common stock, shares issued | 29,169,913 | 26,957,354 |
| Common stock, shares outstanding | 29,169,913 | 26,957,354 |
| Treasury stock, shares | 3,112,840 | 3,112,840 |
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- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of common stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Net Sales | $ 236,699 | $ 262,413 | $ 435,484 | $ 476,483 |
| Gross profit | 64,330 | 61,781 | 115,230 | 125,521 |
| Selling, general and administrative expenses | 44,287 | 55,991 | 142,985 | 149,563 |
| Goodwill and other intangibles impairment | 13,536 | 13,536 | ||
| Income (loss) from operations | 20,043 | (7,746) | (27,755) | (37,578) |
| Income from joint ventures | 227 | 105 | ||
| Other income | 223 | 110 | 304 | 292 |
| Loss on extinguishment of convertible senior notes | (453) | (453) | 114 | |
| Change in fair value of convertible senior notes | 917 | (2,514) | ||
| Write-off of investment in DreamPlay, LLC | (7,000) | (7,000) | ||
| Interest income | 19 | 12 | 47 | 26 |
| Interest expense | (3,097) | (2,027) | (7,230) | (7,496) |
| Income (loss) before provision for (benefit from) income taxes | 17,652 | (16,651) | (37,374) | (51,651) |
| Provision for (benefit from) income taxes | 1,953 | 918 | 1,708 | 890 |
| Net income (loss) | 15,699 | (17,569) | (39,082) | (52,541) |
| Net income (loss) attributable to non-controlling interests | 17 | 45 | 39 | 131 |
| Net income (loss) attributable to JAKKS Pacific, Inc. | $ 15,682 | $ (17,614) | $ (39,121) | $ (52,672) |
| Income (loss) per share - basic | $ 0.68 | $ (0.77) | $ (1.69) | $ (2.53) |
| Shares used in income (loss) per share - basic | 23,106 | 22,772 | 23,104 | 20,848 |
| Income (loss) per share - diluted | $ 0.38 | $ (0.77) | $ (1.69) | $ (2.53) |
| Shares used in income (loss) per share - diluted | 45,686 | 22,772 | 23,104 | 20,848 |
| Comprehensive income (loss) | $ 14,550 | $ (15,907) | $ (40,571) | $ (48,413) |
| Comprehensive income (loss) attributable to JAKKS Pacific, Inc. | 14,533 | (15,952) | (40,610) | (48,544) |
| Product | ||||
| Cost of sales | $ 172,369 | $ 200,632 | $ 320,254 | $ 350,962 |
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Total loss recognized during the period from the impairment of goodwill plus the loss recognized in the period resulting from the impairment of the carrying amount of intangible assets, other than goodwill. No definition available.
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| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition This item represents the entity's proportionate share for the period of the net income (loss) of its investee (such as unconsolidated subsidiaries and joint ventures) to which the equity method of accounting is applied. This item includes income or expense related to stock-based compensation based on the investor's grant of stock to employees of an equity method investee. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of addition (reduction) to the amount at which a liability could be incurred (settled) in a current transaction between willing parties. No definition available.
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Definition Amortization Of Financing Costs And Write Off Of Deferred Debt Issuance Cost No definition available.
|
| X | ||||||||||
- Definition Cash Paid During Period For [Abstract] No definition available.
|
| X | ||||||||||
- Definition Increase (Decrease) In Reserve For Sales Returns And Allowances No definition available.
|
| X | ||||||||||
- Definition Retirement of convertible senior notes. No definition available.
|
| X | ||||||||||
- Definition The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) from effect of exchange rate changes on cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; held in foreign currencies; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of impairment loss recognized in the period resulting from the write-down of the carrying amount of an intangible asset (excluding goodwill) to fair value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in operating liabilities classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of addition (reduction) to the amount at which a liability could be incurred (settled) in a current transaction between willing parties. No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The cash outflow paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The cash outflow from the repayment of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions |
9 Months Ended | 12 Months Ended |
|---|---|---|
Sep. 30, 2018 |
Dec. 31, 2017 |
|
| Accounts Payable | ||
| Purchase of property and equipment incurred | $ 3.9 | $ 5.2 |
| X | ||||||||||
- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
Basis of Presentation |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Basis of Presentation |
Note 1 — Basis of Presentation
The accompanying unaudited interim condensed consolidated financial
statements included herein have been prepared by the Company,
without audit, pursuant to the rules and regulations of the
Securities and Exchange Commission (the “SEC”). Certain
information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles
generally accepted in the United States of America have been
condensed or omitted pursuant to such rules and regulations.
However, the Company believes that the disclosures are adequate to
prevent the information presented from being misleading. These
financial statements should be read in conjunction with
Management’s Discussion and Analysis of Financial Condition
and Results of Operations and the financial statements and the
notes thereto included in the Company’s Annual Report on Form
10-K, which contains audited financial information for the three
years in the period ended December 31, 2017.
The information provided in this report reflects all adjustments
(consisting solely of normal recurring items) that are, in the
opinion of management, necessary to present fairly the financial
position and the results of operations for the periods presented.
Interim results are not necessarily, especially given seasonality,
indicative of results to be expected for a full year.
The condensed consolidated financial statements include the
accounts of JAKKS Pacific, Inc. and its wholly-owned subsidiaries
(collectively, “the Company”). The condensed
consolidated financial statements also include the accounts of
DreamPlay Toys, LLC, a joint venture with NantWorks LLC, JAKKS
Meisheng Trading (Shanghai) Limited, a joint venture with Meisheng
Cultural & Creative Corp., Ltd., and JAKKS Meisheng Animation
(HK) Limited, a joint venture with Hong Kong Meisheng Cultural
Company Limited.
Certain prior period amounts have been reclassified for consistency
with the current period presentation.
In May 2014, the FASB issued ASU 2014-09, “Revenue from
Contracts with Customers (Topic 606),” which supersedes the
revenue recognition requirements in ASC 605, (Topic 605), and most
industry-specific guidance. Under the new model, recognition of
revenue occurs when a customer obtains control of promised goods or
services in an amount that reflects the consideration to which the
entity expects to be entitled in exchange for those goods or
services. In addition, the new standard requires that reporting
companies disclose the nature, amount, timing, and uncertainty of
revenue and cash flows arising from contracts with customers. In
August 2015, the FASB issued ASU 2015-14, “Revenue from
Contracts with Customers – Deferral of the Effective
Date,” which defers the effective date of ASU 2014-09 to
annual reporting periods beginning after December 15, 2017, and
interim periods therein. In 2016, the FASB issued ASU 2016-08,
“Principal versus Agent Considerations (Reporting Revenue
Gross versus Net),” ASU 2016-10, “Identifying
Performance Obligations and Licensing,” and ASU 2016-12,
“Revenue from Contracts with Customers - Narrow-Scope
Improvements and Practical Expedients.” Entities have the
choice to adopt these updates using either of the following
transition methods: (i) a full retrospective approach reflecting
the application of the standard in each prior reporting period with
the option to elect certain practical expedients, or (ii) a
modified retrospective approach with the cumulative effect of these
standards recognized at the date of the adoption.
On January 1, 2018, the Company adopted the new accounting standard
ASC 606, (Topic 606), Revenue from Contracts with Customers and all
the related amendments (“new revenue standard”) using
the modified retrospective method applied to those contracts which
were not completed as of January 1, 2018. Results for reporting
periods beginning after January 1, 2018 are presented under Topic
606, while prior period amounts are not adjusted and continue to be
reported in accordance with the Company’s historic accounting
under ASC 605, (Topic 605).
There is no impact to the Company’s condensed consolidated
financial statements resulting from the adoption of Topic 606 as
the timing and measurement of revenue remained consistent with
Topic 605, although the Company’s approach to revenue
recognition is now based on the transfer of control. Further, there
is no difference in the amounts of the revenue and cost of sales
reported in the Company’s condensed consolidated statements
of operations and comprehensive income (loss) for the quarter ended
September 30, 2018 that were recognized pursuant to Topic 606 and
those that would have been reported pursuant to Topic 605.
In January 2016, the FASB issued ASU 2016-01, “Financial
Instruments - Overall: Recognition and Measurement of Financial
Assets and Financial Liabilities” (“ASU
2016-01”). The new guidance is intended to improve the
recognition and measurement of financial instruments. The ASU is
effective for fiscal years and interim periods within those years
beginning after December 15, 2017. The adoption of this standard
does not have an impact on the Company’s condensed
consolidated financial statements.
In February 2016, the FASB issued ASU 2016-02,
“Leases.” ASU 2016-02 establishes a right-of-use
(“ROU”) model that requires a lessee to record a ROU
asset and a lease liability on the balance sheet for all leases
with terms longer than 12 months. Leases will be classified as
either finance or operating, with classification affecting the
pattern of expense recognition in the income statement. ASU 2016-02
is effective for fiscal years beginning after December 15, 2018,
including interim periods within those fiscal years. Early adoption
is permitted. A modified retrospective transition approach is
required for lessees for capital and operating leases existing at,
or entered into after, the beginning of the earliest comparative
period presented in the financial statements, with certain
practical expedients available. The Company is currently evaluating
the impact of the pending adoption of this new standard on its
condensed consolidated financial statements.
In August 2016, the FASB issued ASU 2016-15, “Statement of
Cash Flows (Topic 230): Classification of Certain Cash Receipts and
Cash Payments.” The new guidance is intended to reduce
diversity in practice in how transactions are classified in the
statement of cash flows. This ASU is effective for fiscal years,
and for interim periods within those fiscal years, beginning after
December 15, 2017. The Company early adopted this standard during
the second quarter of 2017. The adoption of this standard does not
have an impact on the Company’s condensed consolidated
financial statements.
In October 2016, the FASB issued ASU 2016-16, “Income Taxes
(Topic 740): Intra-Entity Transfers of Assets Other than
Inventory.” The amendments in this ASU reduce the complexity
in the accounting standards by allowing the recognition of current
and deferred income taxes for an intra-entity asset transfer, other
than inventory, when the transfer occurs. Historically, recognition
of the income tax consequence was not recognized until the asset
was sold to an outside party. This ASU is effective for fiscal
years, and interim periods within those fiscal years, beginning
after December 15, 2017. The adoption of this standard does not
have an impact on the Company’s condensed consolidated
financial statements.
In November 2016, the FASB issued ASU 2016-18, “Statement of
Cash Flows (Topic 230): Restricted Cash.” The update requires
that amounts generally described as restricted cash or restricted
cash equivalents be included with cash and cash equivalents when
reconciling the beginning-of-period and end-of-period total amounts
shown on the statement of cash flows. The new standard is effective
for fiscal years beginning after December 15, 2017, including
interim periods within those fiscal years, and early adoption is
permitted. The Company early adopted this standard during the
second quarter of 2017.
In May 2017, the FASB issued ASU 2017-09, “Compensation -
Stock Compensation (Topic 718): Scope of Modification
Accounting,” which clarifies when to account for a change to
the terms or conditions of a share-based payment award as a
modification. Under the new guidance, modification accounting is
required only if the fair value, vesting conditions, or the
classification of the award (as equity or liability) changes as a
result of the change in terms or conditions. ASU 2017-09 is
effective for fiscal years beginning after December 15, 2017,
including interim periods within those fiscal years. The adoption
of this standard does not have an impact on the Company’s
condensed consolidated financial statements.
In January 2018, the FASB issued ASU 2018-02, “Income
Statement - Reporting Comprehensive Income (Topic 220):
Reclassification of Certain Tax Effects from Accumulated Other
Comprehensive Income,” which gives entities the option to
reclassify to retained earnings the tax effects resulting from the
Act related to items in Accumulated Other Comprehensive Income
(“AOCI”) that the FASB refers to as having been
stranded in AOCI. The new guidance may be applied retrospectively
to each period in which the effect of the Act is recognized in the
period of adoption. The Company could adopt this guidance for
fiscal years beginning after December 15, 2018 and interim periods
within those fiscal years. Early adoption is permitted for periods
for which financial statements have not yet been issued or made
available for issuance, including the period the Act was enacted.
The guidance, when adopted, will require new disclosures regarding
a company’s accounting policy for releasing the tax effects
in AOCI and permit the company the option to reclassify to retained
earnings the tax effects resulting from the Act that are stranded
in AOCI. The Company is not early adopting at this time and does
not have plans to adopt this new guidance.
In March 2018, the FASB issued ASU 2018-03, “Technical
Corrections and Improvements to Financial Instruments - Overall
(Subtopic 825-10): Recognition and Measurement of Financial Assets
and Financial Liabilities,” which made targeted improvements
to address certain aspects of recognition, measurement,
presentation, and disclosure of financial instruments. The ASU is
effective for fiscal years beginning after December 15, 2017, and
interim periods within those fiscal years beginning after June 15,
2018. The adoption of this standard does not have an impact on the
Company’s condensed consolidated financial statements.
In June 2018, the FASB issued ASU 2018-07, “Improvements to
Nonemployee Share-Based Payment Accounting,” which supersedes
most of the prior accounting guidance on nonemployee share-based
payments, and instead aligns it with existing guidance on employee
share-based payments in Topic 718. The new standard is effective
for fiscal years beginning after December 15, 2018, including
interim periods within those fiscal years, and early adoption is
permitted. The Company is currently evaluating the impact of the
pending adoption of this new standard on its condensed consolidated
financial statements.
In July 2018, the FASB issued ASU 2018-10, “Codification
Improvements to Topic 842, Leases,” which affects narrow
aspects of the guidance in ASU 2016-02, Leases (Topic 842). The
amendments include sixteen narrow amendments to the leases standard
resulting from implementation activities, such as discussions
between the FASB and stakeholders, technical inquiries, and routine
Codification feedback. This ASU is intended to clarify the intended
application of certain aspects of the new leases guidance and
correct cross-reference inconsistencies. The new standard is
effective for fiscal years beginning after December 15, 2018,
including interim periods within those fiscal years, and early
adoption is permitted. The Company is currently evaluating the
impact of the pending adoption of this new standard on its
condensed consolidated financial statements.
In July 2018, the FASB issued ASU 2018-11, “Leases (Topic
842): Targeted Improvements,” which provides entities with an
additional (and optional) transition method to adopt the new leases
standard. Under this new transition method, an entity initially
applies the new leases standard at the adoption date and recognizes
a cumulative-effect adjustment to the opening balance of retained
earnings in the period of adoption. The new standard is effective
for fiscal years beginning after December 15, 2018, including
interim periods within those fiscal years, and early adoption is
permitted. The Company is currently evaluating the impact of the
pending adoption of this new standard on its condensed consolidated
financial statements.
In August 2018, the FASB issued ASU 2018-13, “Disclosure
Framework - Changes to the Disclosure Requirements for Fair Value
Measurement,” which improves the effectiveness of the
disclosures required under ASC 820 and modifies the disclosure
requirements on fair value measurements, including the
consideration of costs and benefits. The new standard is effective
for fiscal years beginning after December 15, 2019, including
interim periods within those fiscal years, and early adoption is
permitted. The Company is currently evaluating the impact of the
pending adoption of this new standard on its condensed consolidated
financial statements.
|
| X | ||||||||||
- Definition The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Business Segments, Geographic Data, and Sales by Major Customers |
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| Business Segments, Geographic Data, and Sales by Major Customers |
Note 2 — Business Segments, Geographic Data, and Sales by
Major Customers
The Company is a worldwide producer and marketer of
children’s toys and other consumer products, principally
engaged in the design, development, production, marketing and
distribution of its diverse portfolio of products. The Company has
aligned its operating segments into three reporting segments that
reflect the management and operation of the business. The
Company’s segments are (i) U.S. and Canada, (ii)
International, and (iii) Halloween.
The U.S. and Canada segment includes action figures, vehicles, play
sets, plush products, dolls, electronic products, construction
toys, infant and pre-school toys, role play and everyday costume
play, foot to floor ride-on vehicles, wagons, novelty toys,
seasonal and outdoor products, kids’ indoor and outdoor
furniture, and related products.
Within the International segment, the Company markets and sells its
toy products in markets outside of the U.S. and Canada, primarily
in the European, Asia Pacific, and Latin American regions.
Within the Halloween segment, the Company markets and sells
Halloween costumes and accessories and everyday costume play
products, primarily in the U.S. and Canada.
Segment performance is measured at the operating income (loss)
level. All sales are made to external customers and general
corporate expenses have been attributed to the various segments
based upon relative sales volumes. Segment assets are primarily
comprised of accounts receivable and inventories, net of applicable
reserves and allowances, goodwill and other assets. Certain assets
which are not tracked by operating segment and/or that benefit
multiple operating segments have been allocated on the same
basis.
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 for the three and
nine months ended September 30, 2018 and 2017 and as of September
30, 2018 and December 31, 2017 are as follows (in thousands):
The following tables present information about the Company by
geographic area as of September 30, 2018 and December 31, 2017 and
for the three and nine months ended September 30, 2018 and 2017 (in
thousands):
Major Customers
Net sales to major customers for the three and nine months ended
September 30, 2018 and 2017 were as follows (in thousands, except
for percentages):
* Sales to Toys ‘R’ Us in the applicable periods were
less than 10% of total sales
At September 30, 2018 and December 31, 2017, the Company’s
three largest customers accounted for approximately 46.0% and
60.6%, respectively, of the Company’s gross accounts
receivable. The concentration of the Company’s business with
a relatively small number of customers may expose the Company to
material adverse effects if one or more of its large customers were
to experience financial difficulty. The Company performs ongoing
credit evaluations of its top customers and maintains an allowance
for potential credit losses.
On March 15, 2018, Toys “R” Us (“TRU”)
filed a motion to conduct an orderly wind down of its operations in
the U.S. and commence store closing sales at all 735 U.S. stores.
The total TRU worldwide pre and post-petition gross accounts
receivable balance of $20.7 million as of September 30, 2018 has
been fully reserved by the Company.
At September 30, 2018 and December 31, 2017, the Company’s
TRU consolidated accounts receivable balance represented 8.7% and
26.4%, respectively, of the Company’s gross accounts
receivable.
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| X | ||||||||||
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Inventory |
9 Months Ended | ||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||
| Inventory |
Note 3 — Inventory
Inventory, which includes the ex-factory cost of goods, in-bound
freight, duty and capitalized warehouse costs, is valued at the
lower of cost (first-in, first-out) or net realizable value, net of
inventory obsolescence reserve, and consists of the following (in
thousands):
During the first quarter of 2017, the Company adopted ASU 2015-11,
“Simplifying the Measurement of Inventory (Topic 330).”
The amendments, which apply to inventory that is measured using any
method other than the last-in, first-out (LIFO) or retail inventory
method, require that entities measure inventory at the lower of
cost or net realizable value. ASU 2015-11 is effective for fiscal
years, and interim periods within those years, beginning after
December 15, 2016 and should be applied on a prospective basis. The
adoption of ASU 2015-11 did not have an impact to the
Company’s condensed consolidated financial statements.
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| X | ||||||||||
- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Revenue Recognition and Reserve for Sales Returns and Allowances |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Revenue Recognition and Reserve for Sales Returns and Allowances |
Note 4 — Revenue Recognition and Reserve for Sales Returns
and Allowances
The Company’s contracts with customers only include one
performance obligation (i.e., sale of the Company’s
products). Revenue is recognized in the gross amount at a point in
time when delivery is completed and control of the promised goods
is transferred to the customers. Revenue is measured as the amount
of consideration the Company expects to be entitled to in exchange
for those goods. The Company’s contracts do not involve
financing elements as payment terms with customers are less than
one year. Further, because revenue is recognized at the point in
time goods are sold to customers, there are no contract assets or
contract liability balances.
The Company disaggregates its revenues from contracts with
customers by reporting segment: U.S. and Canada, International, and
Halloween. The Company further disaggregates revenues by major
geographic region. See Note 2, Business Segments, Geographic Data,
and Sales by Major Customers, for further information.
The Company offers various discounts, pricing concessions, and
other allowances to customers, all of which are considered in
determining the transaction price. Certain discounts and allowances
are fixed and determinable at the time of sale and are recorded at
the time of sale as a reduction to revenue. Other discounts and
allowances can vary and are determined at management’s
discretion (variable consideration). Specifically, the Company
occasionally grants discretionary credits to facilitate markdowns
and sales of slow moving merchandise, and consequently accrues an
allowance based on historic credits and management estimates.
Further, while the Company generally does not allow product
returns, the Company does make occasional exceptions to this
policy, and consequently records a sales return allowance based
upon historic return amounts and management estimates. These
allowances (variable consideration) are estimated using the
expected value method and are recorded at the time of sale as a
reduction to revenue. The Company adjusts its estimate of variable
consideration at least quarterly or when facts and circumstances
used in the estimation process may change. The variable
consideration is not constrained as the Company has sufficient
history on the related estimates and does not believe there is a
risk of significant revenue reversal.
The Company also participates in cooperative advertising
arrangements with some customers, whereby it allows a discount from
invoiced product amounts in exchange for customer purchased
advertising that features the Company’s products. Generally,
these allowances range from 1% to 12% of gross sales, and are
generally based upon product purchases or specific advertising
campaigns. Such allowances are accrued when the related revenue is
recognized. These cooperative advertising arrangements provide a
distinct benefit at fair value, and are accounted for as direct
selling expenses.
Sales commissions are expensed when incurred as the related revenue
is recognized at a point in time and therefore the amortization
period is less than one year. As a result these costs are recorded
as direct selling expenses, as incurred.
Shipping and handling activities are considered part of the
Company’s obligation to transfer the products and therefore
are recorded as direct selling expenses, as incurred.
The Company’s reserve for sales returns and allowances
amounted to $30.3 million as of September 30, 2018, compared to
$17.6 million as of December 31, 2017.
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| X | ||||||||||
- Definition Revenue Recognition. No definition available.
|
Credit Facilities |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Credit Facilities |
Note 5 — Credit Facilities
Wells Fargo
In March 2014, the Company and its domestic subsidiaries entered
into a secured credit facility with General Electric Capital
Corporation (“GECC”). The Credit Facility, as amended
and subsequently assigned to Wells Fargo Bank, N.A. (“Wells
Fargo”) pursuant to its acquisition of GECC, provides for a
$75.0 million revolving credit facility subject to availability
based on prescribed advance rates on certain domestic accounts
receivable and inventory amounts used to compute the borrowing base
(the “Credit Facility”). The Credit Facility includes a
sub-limit of up to $35.0 million for the issuance of letters of
credit. The amounts outstanding under the Credit Facility, as
amended, are payable in full upon maturity of the facility on March
27, 2019, except that the Credit Facility would mature on June 15,
2018 if the Company does not refinance or extend the maturity of
the convertible senior notes that mature in 2018, provided that any
such refinancing or extension shall have a maturity date that is no
sooner than six months after the stated maturity of the Credit
Facility (i.e., on or about September 27, 2019). On June 14, 2018,
the Company entered into a Term Loan Agreement with Great American
Capital Partners to provide the necessary capital to refinance the
2018 convertible senior notes (see additional details regarding the
Term Loan Agreement below). In addition, on June 14, 2018, the
Company revised certain of the Credit Facility documents (and
entered into new ones) so that certain of our Hong Kong based
subsidiaries became additional parties to the Credit Facility. As a
result, the receivables of these subsidiaries can now be included
in the borrowing base computation, subject to certain limitations,
thereby effectively increasing the amount of funds the Company can
borrow under the Credit Facility. Any additional borrowings under
the Credit Facility will be used for general working capital
purposes.
The Credit Facility is secured by a security interest in favor of
Wells Fargo covering a substantial amount of the consolidated
assets and a pledge of the majority of the capital stock of various
of the Company’s subsidiaries. As of September 30, 2018,
there were no outstanding borrowings and the amount of outstanding
stand-by letters of credit totaled $12.8 million; the total excess
availability under the Credit Facility was $34.7 million. As of
December 31, 2017, the amount of outstanding borrowings was $5.0
million and outstanding stand-by letters of credit totaled $20.0
million; the total excess availability under the Credit Facility
was $14.1 million. In October 2018, the Company borrowed $7.5
million under the Credit Facility.
The Company’s ability to borrow under the Credit Facility is
also subject to its ongoing compliance with certain financial
covenants, including the maintenance by the Company of a fixed
charge coverage ratio of at least 1.25:1.0 based on the trailing
four fiscal quarters in the event minimum excess availability of
$10.0 million under the Credit Facility is not maintained. As of
September 30, 2018 and December 31, 2017, the Company was in
compliance with the financial covenants under the Credit
Facility.
The Company may borrow funds at LIBOR or at a Base Rate, plus
applicable margins of 225 basis point spread over LIBOR and 125
basis point spread on Base Rate loans. The Base Rate is the highest
of (i) the Federal Funds Rate plus a margin of 0.50%, (ii) the rate
last quoted by The Wall Street Journal as the “Prime
Rate,” or (iii) the sum of a LIBOR rate plus 1.00%. In
addition to standard fees, the Credit Facility has an unused credit
line fee, which ranges from 25 to 50 basis points. For the three
months ended September 30, 2018 and 2017, the weighted average
interest rate on the Credit Facility was nil and approximately
3.49%, respectively. For the nine months ended September 30, 2018
and 2017, the weighted average interest rate on the Credit Facility
was approximately 3.79% and 3.03%, respectively.
The Credit Facility also contains customary events of default,
including a cross default provision and a change of control
provision. In the event of a default, all of the obligations of the
Company and its subsidiaries under the Credit Facility may be
declared immediately due and payable. For certain events of default
relating to insolvency and receivership, all outstanding
obligations become due and payable.
Great American Capital Partners
On June 14, 2018, the Company entered into a Term Loan Agreement,
Term Note, Guaranty and Security Agreement and other ancillary
documents and agreements (the “Term Loan”) with Great
American Capital Partners Finance Co., LLC (“GACP”),
for itself as a Lender (as defined below) and as the agent (in such
capacity, “Agent”) for the Lenders from time to time
party to the Term Loan (collectively, “Lenders”) and
the other “Secured Parties” under and as defined
therein, with respect to the issuance to the Company by Lenders of
a $20.0 million term loan. To secure the Company’s
obligations under the Term Loan, the Company granted to Agent, for
the benefit of the Secured Parties, a security interest in a
substantial amount of the Company’s consolidated assets and a
pledge of the majority of the capital stock of various of its
subsidiaries. The Term Loan is a secured obligation, second only to
the Credit Facility with Wells Fargo, except with respect to
certain of the Company’s inventory in which GACP has a
priority secured position. The Company may use the funds from the
Term Loan to repurchase or retire its outstanding convertible
senior notes due August 2018, for working capital, capital
expenditures and other general corporate purposes, subject to
certain negative covenants set forth in the Term Loan.
The Term Loan requires the repayment of principal in the amount of
10% of the outstanding Term Loan per year (payable monthly)
beginning after the first anniversary. All then-outstanding
borrowings under the Term Loan are due, and the Term Loan
terminates, no later than June 14, 2021, unless sooner terminated
in accordance with its terms, which includes the date of
termination of the Wells Fargo Credit Facility and the date that is
91 days prior to the maturity of the Company’s various
convertible senior notes due in 2020 (see Note 6). The Company is
permitted, and may be required under certain circumstances as set
forth in the Term Loan documents, to prepay the Term Loan, which
would require a prepayment fee (i) in year one of up to any
unearned and unpaid interest that would have become due and payable
in year one had the prepayment not occurred plus 2% of the initial
amount of the Term Loan (i.e., $20.0 million), (ii) in year two of
2% of the initial amount of the Term Loan and (iii) in year three
of 1% of the initial amount of the Term Loan.
The Company’s ability to continue to borrow the initial Term
Loan amount of $20.0 million is based on certain accounts
receivable and inventory amounts used to compute the borrowing
base. In the event the Term Loan balance exceeds the borrowing base
computation, the shortfall would be (i) applied to any excess
availability under the Wells Fargo Credit Facility or (ii) prepaid.
Similar to the Wells Fargo Credit Facility, the Company is subject
to ongoing compliance with certain financial covenants, including
the maintenance by the Company of a fixed charge coverage ratio of
at least 1.25:1.0 based on the trailing four fiscal quarters in the
event minimum excess availability of $10.0 million under the Wells
Fargo Credit Facility is not maintained. The Company must also
maintain a minimum amount of liquidity, as defined in the Term
Loan, of $10.0 million. As of September 30, 2018, the Company was
in compliance with the financial covenants under the Term
Loan.
The Term Loan is accelerated and becomes immediately due and
payable (and the Term Loan terminates) in the event of a default
under the Term Loan which includes, among other things, breach of
certain covenants or representations contained in the Term Loan
documents, defaults under other loans or obligations, involvement
in bankruptcy proceedings or an occurrence of a change of control
(as such terms are defined in the Term Loan). The Term Loan
Documents also contain negative covenants which, during the life of
the Term Loan, prohibit and/or limit the Company from, among other
things, incurring certain types of other debt, acquiring other
companies, making certain expenditures or investments and changing
the character of its business.
As of September 30, 2018, the amount outstanding under the Term
Loan was $20.0 million. Borrowings under the Term Loan accrue
interest at LIBOR plus 9.00% per annum. For the three and nine
months ended September 30, 2018, the weighted average interest rate
on the Term Loan was approximately 11.1%.
Amortization expense classified as interest expense related
to the $1.4 million debt issuance costs associated with the
transactions that closed on June 14, 2018 (i.e., the amendment of
the Wells Fargo Credit Facility and the GACP Term Loan) was $0.4
million and $0.5 million for the three and nine months ended
September 30, 2018, respectively.
|
| X | ||||||||||
- Definition Credit Facilities. No definition available.
|
Convertible Senior Notes |
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| Convertible Senior Notes |
Note 6 — Convertible Senior Notes
Convertible senior notes consist of the following (in
thousands):
*
The amount presented for the 3.25% 2020 convertible senior notes
within the table represents the fair value as
of September 30,
2018 and December 31, 2017 (see Note 16). The principal amount of
these notes totals $29.5 million and $21.5 million as of September
30, 2018 and December 31, 2017, respectively.
Amortization expense classified as interest expense related to debt
issuance costs was $0.2 million and $0.4 million for the three
months ended September 30, 2018 and 2017, respectively, and $0.7
million and $1.5 million for the nine months ended September 30,
2018 and 2017, respectively.
In July 2013, the Company sold an aggregate of $100.0 million
principal amount of 4.25% convertible senior notes due 2018 (the
“2018 Notes”). The 2018 Notes, which were senior
unsecured obligations of the Company, paid interest semi-annually
in arrears on August 1 and February 1 of each year at a rate of
4.25% per annum and matured on August 1, 2018. The initial
conversion rate for the 2018 Notes was 114.3674 shares of the
Company’s common stock per $1,000 principal amount of notes,
equivalent to an initial conversion price of approximately $8.74
per share of common stock, subject to adjustment in certain events.
In 2016, the Company repurchased and retired an aggregate of
approximately $6.1 million principal amount of the 2018 Notes. In
addition, approximately $0.1 million of the unamortized debt
issuance costs were written off and a nominal gain was recognized
in conjunction with the retirement of the 2018 Notes. During the
first quarter of 2017, the Company exchanged and retired $39.1
million principal amount of the 2018 Notes at par for $24.1 million
in cash and approximately 2.9 million shares of its common stock.
During the second quarter of 2017, the Company exchanged and
retired $12.0 million principal amount of the 2018 Notes at par for
$11.6 million in cash and 112,400 shares of its common stock, and
approximately $0.1 million of the unamortized debt issuance costs
were written off and a $0.1 million gain was recognized in
conjunction with the exchange and retirement of the 2018
Notes.
In August 2017, the Company agreed with Oasis Management and Oasis
Investments II Master Fund Ltd., (collectively,
“Oasis”) the holder of approximately $21.5 million face
amount of its 4.25% convertible senior notes due in 2018, to extend
the maturity date of these notes to November 1, 2020. In addition,
the interest rate was reduced to 3.25% per annum and the conversion
rate was increased to 328.0302 shares of the Company’s common
stock per $1,000 principal amount of notes, among other things.
After execution of a definitive agreement for the modification and
final approval by the other members of the Company’s Board of
Directors and Oasis’ Investment Committee the transaction
closed on November 7, 2017. In connection with this transaction,
the Company recognized a loss on extinguishment of the debt of
approximately $0.6 million. On July 26, 2018, the Company closed a
transaction with Oasis to exchange $8.0 million face amount of the
4.25% convertible senior notes due in August 2018 with convertible
senior notes similar to those issued to Oasis in November 2017. The
new notes mature on November 1, 2020, accrue interest at an annual
rate of 3.25% and are convertible into shares of the
Company’s common stock at a rate of 322.2688 shares per
$1,000 principal amount of the new notes. In connection with this
transaction, the Company recognized a loss on extinguishment of the
debt of approximately $0.5 million. The conversion price for the
3.25% convertible senior notes will be reset on November 1, 2018
and November 1, 2019 (each, a “reset
date”)
to a price equal to 105% above the 5-day VWAP preceding the reset
date; provided, however, among other reset restrictions, that if
the conversion price resulting from such reset is lower than 90
percent of the average VWAP during the 90 calendar days preceding
the reset date, then the reset price shall be the 30-day VWAP
preceding the reset date. The conversion price reset on November 1,
2018 to $2.54 per share.
The remaining $13.2 million of 2018 Notes were redeemed at par at
maturity on August 1, 2018.
The Company has elected to measure and present the debt held by
Oasis at fair value using Level 3 inputs and as a result,
recognized a gain of $0.9 million for the three months ended
September 30, 2018 and a loss of $2.5 million for the nine months
ended September 30, 2018 related to changes in the fair value of
the 3.25% 2020 Notes. At September 30, 2018 and December 31, 2017,
the 3.25% 2020 Notes had a fair value of approximately $33.4
million and $22.5 million, respectively. The Company evaluated its
credit risk as of September 30, 2018, and determined that there was
no change from December 31, 2017.
In June 2014, the Company sold an aggregate of $115.0 million
principal amount of 4.875% convertible senior notes due 2020 (the
“2020 Notes”). The 2020 Notes are senior unsecured
obligations of the Company paying interest semi-annually in arrears
on June 1 and December 1 of each year at a rate of 4.875% per annum
and will mature on June 1, 2020. The initial and still current
conversion rate for the 2020 Notes is 103.7613 shares of the
Company’s common stock per $1,000 principal amount of notes,
equivalent to an initial conversion price of approximately $9.64
per share of common stock, subject to adjustment in certain events.
Upon conversion, the 2020 Notes will be settled in shares of the
Company’s common stock. Holders of the 2020 Notes may require
that the Company repurchase for cash all or some of their notes
upon the occurrence of a fundamental change (as defined in the 2020
Notes). In January 2016, the Company repurchased and retired an
aggregate of $2.0 million principal amount of the 2020 Notes. In
addition, approximately $0.1 million of the unamortized debt
issuance costs were written off and a $0.1 million gain was
recognized in conjunction with the retirement of the 2020
Notes.
The fair value of the 4.875% convertible senior notes payable due
2020 as of September 30, 2018 and December 31, 2017 was $97.3
million and $89.7 million, respectively, based upon the most recent
quoted market prices. The fair values of the convertible senior
notes are considered to be Level 3 measurements on the fair value
hierarchy.
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| X | ||||||||||
- Definition Convertible Senior Debentures Disclosure. No definition available.
|
Income Taxes |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Income Taxes |
Note 7 — Income Taxes
The Company’s income tax expense of $2.0 million for the
three months ended September 30, 2018 reflects an effective tax
rate of 11.1%. The Company’s income tax expense of $0.9
million for the three months ended September 30, 2017 reflects an
effective tax rate of (5.5%). The majority of the tax expense for
the three months ended September 30, 2018 relates to foreign income
taxes and discrete items. The majority of the tax expense for
the three months ended September 30, 2017 relates to foreign income
taxes.
The
Company’s income tax expense of $1.7 million for the nine
months ended September 30, 2018 reflects an effective tax rate of
(4.6%). The Company’s income tax
expense of $0.9 million for the nine months ended September 30,
2017 reflects an effective tax rate of (1.7 %). The
majority of the tax expense for the nine months ended September 30,
2018 primarily relates to foreign income taxes, partially offset by
discrete items. The majority of the tax
expense for the nine months ended September 30, 2017 primarily
relates to foreign income taxes, partially offset by favorable
discrete items.
The Tax Cuts and Jobs Act was enacted on December 22, 2017.
The Act reduces the U.S. federal corporate income tax rate from 35%
to 21%, and requires companies to pay a one-time transition tax on
earnings of certain foreign subsidiaries that were previously tax
deferred and creates new taxes on certain foreign sourced earnings.
Due to the timing of the enactment and the complexity involved in
applying the provisions of the Act, we made reasonable estimates of
the effects and recorded provisional amounts in our financial
statements as of December 31, 2017. As we collect and prepare
necessary data, and interpret the Act and any additional guidance
issued by the U.S. Treasury Department, the Internal Revenue
Service (IRS), and other standard-setting bodies, we may make
adjustments to the provisional amounts. Those adjustments may
materially affect our provision for income taxes and effective tax
rate in the period in which the adjustments are made. No
adjustments were made in the third quarter of 2018 as the
provisional amounts as of December 31, 2017 remain reasonable. We
will continue to make and refine our calculations as additional
analysis is completed in 2018.
The Act subjects a U.S. shareholder to tax on Global
intangible low-taxed income (GILTI) earned by certain foreign
subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting
for Global Intangible Low-Taxed Income, states that an entity can
make an accounting policy election to either recognize deferred
taxes for temporary basis differences expected to reverse as GILTI
in future years or provide for the tax expense related to GILTI in
the year the tax is incurred as a period expense only. Given the
complexity of the GILTI provisions, we are still evaluating the
effects of the GILTI provisions and have not yet determined our
accounting policy. At September 30, 2018, because we are still
evaluating the GILTI provisions and our analysis of future taxable
income that is subject to GILTI, we have included GILTI related to
current-year operations only. The GILTI provision does not impact
the 2018 third quarter tax expense due to the fully valued tax
attributes carryforward.
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| X | ||||||||||
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Income (Loss) Per Share |
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| Income (Loss) Per Share |
Note 8 — Income (Loss) Per Share
The following table is a reconciliation of the weighted average
shares used in the computation of income (loss) per share for the
periods presented (in thousands, except per share data):
Basic income (loss) per share is calculated using the weighted
average number of common shares outstanding during the period.
Diluted earnings per share is calculated using the weighted average
number of common shares and common share equivalents outstanding
during the period (which consist of warrants, options, restricted
stock awards, restricted stock units and convertible debt to the
extent they are dilutive). The weighted average number of common
shares outstanding excludes shares repurchased pursuant to a
prepaid forward share repurchase agreement associated with the
issuance of the convertible senior notes due 2020. Common share
equivalents that could potentially dilute basic earnings per share
in the future, which were excluded from the computation of diluted
earnings per share due to being anti-dilutive, totaled
approximately 2,894,029 and 20,215,325 for the three months ended
September 30, 2018 and 2017, respectively, and 25,332,390 and
21,502,935 for the nine months ended September 30, 2018 and 2017,
respectively.
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| X | ||||||||||
- Definition The entire disclosure for earnings per share. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Common Stock and Preferred Stock |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Common Stock and Preferred Stock |
Note 9 — Common Stock and Preferred Stock
In January and February 2017, the Company issued an aggregate of
873,787 shares of restricted stock at a value of approximately $4.5
million to two executive officers, which vest, subject to certain
company financial performance criteria and market conditions, over
a three year period. In addition, an aggregate of 94,102
shares of restricted stock at an aggregate value of approximately
$0.5 million were issued to its five non-employee directors, which
vested in January 2018.
In January and February 2017, the Company issued an aggregate of
2,865,000 shares of its common stock at a value of $15.1 million to
holders of its 2018 convertible senior notes as partial
consideration for the exchange at par of $39.1 million principal
amount of such notes.
In March 2017, the Company entered into an agreement to issue
3,660,891 shares of its common stock at an aggregate price of $19.3
million to a Hong Kong affiliate of its China joint venture
partner. After their shareholder and China regulatory approval, the
transaction closed on April 27, 2017. Upon the closing, the Company
added a representative of Meisheng as a non-employee director and
issued 13,319 shares of restricted stock at a value of $0.1
million, which vested in January 2018.
In June 2017, the Company issued an aggregate of 112,400 shares of
its common stock at a value of approximately $0.4 million to
holders of its 2018 convertible senior notes as partial
consideration for the exchange at par of $11.6 million principal
amount of such notes.
In January 2018, the Company issued an aggregate of 1,914,894
shares of restricted stock at a value of approximately $4.5 million
to two executive officers, which vest, subject to certain company
financial performance criteria and market conditions, over a three
year period. In addition, an aggregate of 249,480 shares of
restricted stock at an aggregate value of approximately $0.6
million were issued to its six non-employee directors, which vest
in January 2019.
All issuances of common stock, including those issued pursuant to
stock option and warrant exercises, restricted stock grants and
acquisitions, are issued from the Company’s authorized but
not issued and outstanding shares.
No dividend was declared or paid in the nine months ended September
30, 2018 or 2017.
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| X | ||||||||||
- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Joint Ventures |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Joint Ventures |
Note 10 — Joint Ventures
The Company owns a fifty percent interest in a joint venture
(“Pacific Animation Partners”) with the U.S.
entertainment subsidiary of a leading Japanese advertising and
animation production company. The joint venture was created to
develop and produce a boys’ animated television show, which
it licensed worldwide for television broadcast as well as consumer
products. The Company produced toys based upon the television
program under a license from the joint venture which also licensed
certain other merchandising rights to third parties. The joint
venture completed and delivered 65 episodes of the show, which
began airing in February 2012, and has since ceased production of
the television show. For the three and nine months ended
September 30, 2018, the Company recognized income from the joint
venture of nil and $22,000, respectively. For the three and nine
months ended September 30, 2017, the Company recognized nil for
funds received related to the joint venture.
As of September 30, 2018 and December 31, 2017, the balance of the
investment in the Pacific Animation Partners joint venture is
nil.
For the three and nine months ended September 30, 2018,
respectively, the Company recognized nil and $0.2 million of income
for funds received related to a former video game joint venture in
partial settlement of amounts owed to the Company when our joint
venture partner was liquidated pursuant to their 2012 bankruptcy
filing. For the three and nine months ended September 30, 2017,
respectively, the Company recognized nil and $0.1 million of income
for funds received related to a former video game joint venture in
partial settlement of amounts owed to the Company when our joint
venture partner was liquidated pursuant to their 2012 bankruptcy
filing.
In September 2012, the Company entered into a joint venture
(“DreamPlay Toys”) with NantWorks LLC
(“NantWorks”) in which it owns a fifty percent
interest. Pursuant to the operating agreement of DreamPlay
Toys, the Company paid to NantWorks cash in the amount of $8.0
million and issued NantWorks a warrant to purchase 1.5 million
shares of the Company’s common stock at a value of $7.0
million in exchange for the exclusive right to arrange for the
provision of the NantWorks recognition technology platform for toy
products. The Company had classified these rights as an intangible
asset, which was being amortized over the anticipated revenue
stream from the exploitation of these rights. However, the Company
has abandoned the use of the technology in connection with its toy
products and no future sales are anticipated, and the Company
recorded an impairment charge to income of $2.9 million to write
off the remaining unamortized technology rights during the third
quarter of 2017. The Company retains the financial risk of the
joint venture and is responsible for the day-to-day operations,
which are expected to be nominal in future periods. The results of
operations of the joint venture are consolidated with the
Company’s results.
In addition, in 2012, the Company invested $7.0 million in cash in
exchange for a five percent economic interest in a related entity,
DreamPlay, LLC, that was expected to monetize the exploitation of
the recognition technologies in non-toy consumer product
categories. Adoption of the technology has been inadequate to
establish a commercially viable market for the technology.
NantWorks has the right to repurchase the Company’s interest
for $7.0 million, but the Company does not anticipate that
NantWorks will do so. As of September 30, 2017, the Company
determined the value of this investment will not be realized and
that full impairment of the value had occurred. Accordingly, the
Company recorded an impairment charge of $7.0 million during the
quarter ended September 30, 2017.
In November 2014, the Company entered into a joint venture with
Meisheng Culture & Creative Corp., for the purpose of providing
certain JAKKS licensed and non-licensed toys and consumer products
to agreed-upon territories of the People’s Republic of China.
The joint venture includes a subsidiary in the Shanghai Free Trade
Zone that sells, distributes and markets these products, which
include dolls, plush, role play products, action figures, costumes,
seasonal items, technology and app-enhanced toys, based on
entertainment licenses and JAKKS’ own proprietary brands. The
Company owns fifty-one percent of the joint venture and
consolidates the joint venture since control rests with the
Company. The non-controlling interest’s share of the income
was $17,000 and $45,000 for the three months ended September 30,
2018 and 2017, respectively, and $39,000 and $131,000 for the nine
months ended September 30, 2018 and 2017, respectively.
In October 2016, the Company entered into a joint venture with Hong
Kong Meisheng Cultural Company Limited, a Hong Kong-based
subsidiary of Meisheng (“HK Meisheng”), for the purpose
of creating and developing original, multiplatform content for
children including new short-form series and original shows. JAKKS
and HK Meisheng each own fifty percent of the joint venture and
will jointly own the content. JAKKS will retain merchandising
rights for kids’ consumer products in all markets except
China, which Meisheng will oversee through the Company’s
existing distribution joint venture. The non-controlling
interest’s share of the loss from the joint venture for three
and nine months ended September 30, 2018 and 2017 was nil. As of
April 27, 2017, Hong Kong Meisheng Cultural Company Limited
beneficially owns more than 10% of the Company’s outstanding
common stock.
|
| X | ||||||||||
- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Goodwill |
9 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 | |||||||||||||||||||||
| Goodwill |
Note 11 — Goodwill
The changes to the carrying amount of goodwill as of September 30,
2018 are summarized as follows (in thousands):
The Company applies a fair value-based impairment test to the
carrying value of goodwill and indefinite-lived intangible assets
on an annual basis and, on an interim basis, if certain events or
circumstances indicate that an impairment loss may have been
incurred. Goodwill impairment exists when the estimated fair value
of goodwill is less than its carrying value. Based on the
Company’s April 1 annual assessment, it determined that the
fair values of its reporting units were not less than the carrying
amounts. No goodwill impairment was determined to have occurred for
the nine months ended September 30, 2018. A charge of $8.3 million
for goodwill impairment was recorded during the three and nine
months ended September 30, 2017.
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| X | ||||||||||
- Definition The entire disclosure for goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Intangible Assets Other Than Goodwill |
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| Intangible Assets Other Than Goodwill |
Note 12 — Intangible Assets Other Than Goodwill
Intangible assets other than goodwill consist primarily of
licenses, product lines, customer relationships and trademarks.
Amortized intangible assets are included in intangibles in the
accompanying condensed consolidated balance sheets. Trademarks are
disclosed separately in the accompanying condensed consolidated
balance sheets. Intangible assets as of September 30, 2018 and
December 31, 2017 include the following (in thousands, except for
weighted useful lives):
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| X | ||||||||||
- Definition The entire disclosure for all or part of the information related to intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Comprehensive Income (Loss) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Comprehensive Income (Loss) |
Note 13 — Comprehensive Income (Loss)
The table below presents the components of the Company’s
comprehensive income (loss) for the three and nine months ended
September 30, 2018 and 2017 (in thousands):
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| X | ||||||||||
- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Litigation |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Litigation |
Note 14 — Litigation
The Company is a party to, and certain of its property is the
subject of, various pending claims and legal proceedings that
routinely arise in the ordinary course of its business, but the
Company does not believe that any of these claims or proceedings
will have a material effect on its business, financial condition or
results of operations.
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| X | ||||||||||
- Definition Litigation Settlements Disclosure. No definition available.
|
Share-Based Payments |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payments |
Note 15 — Share-Based Payments
The Company’s 2002
Stock Award and Incentive Plan (the
“Plan”), as amended, provides for the awarding of stock
options, restricted stock and restricted stock units to certain key
employees, executive officers and non-employee directors. Current
awards under the Plan include grants to directors, executive
officers and certain key employees of restricted stock awards and
units, with vesting contingent upon (a) the completion of specified
service periods ranging from one to five years and/or (b) meeting
certain financial performance and/or market-based metrics. Unlike
the restricted stock awards, the shares for the restricted stock
units are not issued until they vest. The Plan is more fully
described in Notes 15 and 17 to the Condensed Consolidated
Financial Statements in the Company’s 2017 Annual Report on
Form 10-K.
The following table summarizes the total share-based compensation
expense and the related tax benefits recognized for the three and
nine months ended September 30, 2018 and 2017 (in thousands):
Restricted Stock Awards
Restricted stock award activity (including those with
performance-based vesting criteria) for the nine months ended
September 30, 2018 is summarized as follows:
As of September 30, 2018, there was $3.4 million of total
unrecognized compensation cost related to non-vested restricted
stock awards, which is expected to be recognized over a
weighted-average period of 2.52 years.
Restricted Stock Units
Restricted stock unit activity (including those with
performance-based vesting criteria) for the nine months ended
September 30, 2018 is summarized as follows:
As of September 30, 2018, there was $2.3 million of total
unrecognized compensation cost related to non-vested restricted
stock units, which is expected to be recognized over a
weighted-average period of 2.05 years.
Stock Options
There
has been no stock option activity pursuant to the
Plan since December 31, 2015.
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| X | ||||||||||
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Fair Value Measurements |
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| Fair Value Measurements |
Note 16 — Fair Value Measurements
Fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between
market participants at the measurement date. In determining fair
value, the Company uses various methods including market, income
and cost approaches. Based upon these approaches, the Company often
utilizes certain assumptions that market participants would use in
pricing the asset or liability, including assumptions about risk
and/or the risks inherent in the inputs to the valuation technique.
These inputs can be readily observable, market-corroborated, or
unobservable inputs. The Company utilizes valuation techniques that
maximize the use of observable inputs and minimize the use of
unobservable inputs. Based upon observable inputs used in the
valuation techniques, the Company is required to provide
information according to the fair value hierarchy. The fair value
hierarchy ranks the quality and reliability of the information used
to determine fair values into three broad levels as follows:
In instances where the determination of the fair value measurement
is based upon inputs from different levels of the fair value
hierarchy, the level in the fair value hierarchy within which the
entire fair value measurement falls is based upon the lowest level
input that is significant to the fair value measurement in its
entirety. The Company’s assessment of the significance of a
particular input to the fair value measurement in its entirety
requires judgment, and considers factors specific to the asset or
liability.
The following tables summarize our financial assets and liabilities
measured at fair value on a recurring basis as of September 30,
2018 and December 31, 2017 (in thousands):
The following table provides a reconciliation of the beginning and
ending balances of assets measured at fair value on a recurring
basis using significant unobservable inputs (Level 3) (in
thousands):
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| X | ||||||||||
- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Liquidity |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Liquidity |
Note 17 — Liquidity
As of September 30, 2018 and December 31, 2017, the Company held
cash and cash equivalents, including restricted cash, of $57.1
million and $65.0 million, respectively. Cash, and cash
equivalents, including restricted cash held outside of the United
States in various foreign subsidiaries totaled $37.3 million and
$52.8 million as of September 30, 2018 and December 31, 2017,
respectively. The cash and cash equivalents, including
restricted cash balances in our foreign subsidiaries have either
been fully taxed in the U.S. or tax has been accounted for in
connection with the Tax Cuts and Jobs Act, or may be eligible for a
full foreign dividends received deduction under such Act, and thus
would not be subject to additional U.S. tax should such amounts be
repatriated in the form of dividends or deemed distributions. Any
such repatriation may result in foreign withholding taxes, which
the Company expects would not be significant as of September 30,
2018.
The Company’s primary sources of working capital are cash
flows from operations and borrowings under its credit facility (see
Note 5 - Credit Facilities in the accompanying notes to the
condensed consolidated financial statements for additional
information).
Typically, cash flows from operations are impacted by the effect on
sales of (1) the appeal of the Company’s products,
(2) the success of its licensed brands, (3) the highly
competitive conditions existing in the toy industry, (4) dependency
on a limited set of large customers, and (5) general economic
conditions. A downturn in any single factor or a combination of
factors could have a material adverse impact upon the
Company’s ability to generate sufficient cash flows to
operate the business. In addition, the Company’s
business and liquidity are dependent to a significant degree on its
vendors and their financial health, as well as the ability to
accurately forecast the demand for products. The loss of a key
vendor, or material changes in support by them, or a significant
variance in actual demand compared to the forecast, can have a
material adverse impact on the Company’s cash flows and
business. Given the conditions in the toy industry environment
in general, vendors, including licensors, may seek further
assurances or take actions to protect against non-payment of
amounts due to them. Changes in this area could have a material
adverse impact on the Company’s liquidity.
Cash and cash equivalents, including restricted cash, projected
cash flow from operations and borrowings under the Company’s
credit facility should be sufficient to meet working capital and
capital expenditure requirements, for the next 12 months with
certain mitigating plans described herein. In October 2018, the
Company initiated a global restructuring program (“Corporate
Restructuring”) to adapt the Company’s cost structure
and overhead to the evolving retail landscape. The Company believes
the Corporate Restructuring will generate savings of between $10.0
million and $15.0 million on an annualized basis. On July 26, 2018,
the Company exchanged $8.0 million of the 2018 convertible notes
for convertible notes that mature in November 2020 with terms
similar to the convertible notes issued in November 2017 (see Note
6 — Convertible Senior Notes in the accompanying notes to the
condensed consolidated financial statements for additional
information). On June 14, 2018, the Company secured a $20.0
million term loan from Great American Capital Partners Finance Co.,
LLC (“GACP”) with the amount advanced based primarily
on certain types of inventory. In addition, on June 14, 2018,
the Company expanded the credit facility with Wells Fargo to add
certain of the Company’s Hong Kong based subsidiaries in
order to include the receivables of these subsidiaries in the
borrowing base computation, subject to certain limitations, thereby
effectively increasing the amount of funds that the Company could
borrow under the credit facility. The GACP term loan matures upon
the earlier of (i) June 14, 2021, (ii) the termination date of the
Wells Fargo credit facility, or March 27, 2019, and (iii) the date
that is 91 days prior to the maturity of various of the
Company’s convertible senior notes due in 2020. The
Company is currently in the initial phases of negotiating to amend
and extend the Wells Fargo credit facility, which would also
effectively extend the GACP term loan. In addition, the
Special Committee of the Board of Directors continues its
discussions with Meisheng regarding negotiation of a
definitive agreement for Meisheng’s Expression of Interest to
acquire additional shares of the Company, which as currently
proposed would involve restructuring or refinancing of the
Company's outstanding convertible senior notes and other
indebtedness. The Company cannot make assurances that it will be
able to close the aforementioned amendment to the credit facility
or a transaction with Meisheng (or another interested party), or
that it will have the financial resources required to obtain, or
that the conditions of the capital markets will support, any future
debt or equity financings. In addition, the Company’s
ability to fund operations and retire its debt when due is
dependent on a number of factors, some of which are beyond its
control and/or inherently difficult to estimate, including our
future operating performance and the factors mentioned above and
included in “Risk Factors” in Item 1A of this
Form 10-Q. If the Company is unable to amend its credit
facility to extend the term or secure another source of capital,
such as the Meisheng transaction on commercially reasonable terms,
the Company may be required to take additional measures, such as
further reorganizations of cost structure and adjusting inventory
purchases and/or payment terms with suppliers, which could have a
material adverse impact on the Company’s revenues and
business.
As of September 30, 2018, the Company did not have any
off-balance sheet arrangements.
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| X | ||||||||||
- Definition The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Subsequent Event |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Subsequent Event |
Note 18 — Subsequent Event
In October 2018, our management approved, committed to and
commenced the implementation of a Company-wide restructuring
initiative (“Corporate Restructuring”) to adapt our
cost structure and overhead to the evolving retail landscape. The
Corporate Restructuring includes a reduction in force of
approximately 12-15% of our global workforce, the consolidation of
certain facilities, the reorganization of certain functions, and
the reduction of outside temporary contractors and other
discretionary spend. The Company expects to incur restructuring
charges of approximately $2.0 million, including cash payments
related to employee separation benefits.
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| X | ||||||||||
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Business Segments, Geographic Data, and Sales by Major Customers (Tables) |
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Sep. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Information by Segment and Reconciliation to Reported Amounts | Information by segment and a reconciliation to reported amounts for the three and nine months ended September 30, 2018 and 2017 and as of September 30, 2018 and December 31, 2017 are as follows (in thousands):
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| Information by Geographic Area |
The following tables present information about the Company by
geographic area as of September 30, 2018 and December 31, 2017 and
for the three and nine months ended September 30, 2018 and 2017 (in
thousands):
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| Net Sales to Major Customers |
Net sales to major customers for the three and nine months ended
September 30, 2018 and 2017 were as follows (in thousands, except
for percentages):
* Sales to Toys ‘R’ Us in the applicable periods were
less than 10% of total sales
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- 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. No definition available.
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- 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- 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. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Inventory (Tables) |
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| Net of Inventory Obsolescence Reserve |
Inventory, which includes the ex-factory cost of goods, in-bound
freight, duty and capitalized warehouse costs, is valued at the
lower of cost (first-in, first-out) or net realizable value, net of
inventory obsolescence reserve, and consists of the following (in
thousands):
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- Definition Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Convertible Senior Notes (Tables) |
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| Convertible Senior Notes |
Convertible senior notes consist of the following (in
thousands):
*
The amount presented for the 3.25% 2020 convertible senior notes
within the table represents the fair value as
of September 30,
2018 and December 31, 2017 (see Note 16). The principal amount of
these notes totals $29.5 million and $21.5 million as of September
30, 2018 and December 31, 2017, respectively.
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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Income (Loss) Per Share (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Reconciliation of Weighted Average Shares Used in Computation of Income (Loss) Per Share |
The following table is a reconciliation of the weighted average
shares used in the computation of income (loss) per share for the
periods presented (in thousands, except per share data):
|
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| X | ||||||||||
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Goodwill (Tables) |
9 Months Ended | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 | |||||||||||||||||||||
| Changes to Carrying Amount of Goodwill |
The changes to the carrying amount of goodwill as of September 30,
2018 are summarized as follows (in thousands):
|
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| X | ||||||||||
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Intangible Assets Other Than Goodwill (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets |
Intangible assets as of September 30, 2018 and December 31,
2017 include the following (in thousands, except for weighted
useful lives):
|
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| X | ||||||||||
- Definition Schedule of Intangible Assets by Major Class. No definition available.
|
Comprehensive Income (Loss) (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Components of Comprehensive Income (Loss) | The table below presents the components of the Company’s comprehensive income (loss) for the three and nine months ended September 30, 2018 and 2017 (in thousands):
|
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| X | ||||||||||
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Share-Based Payments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Share-Based Compensation Expense and Related Tax Benefits Recognized |
The following table summarizes the total share-based compensation
expense and the related tax benefits recognized for the three and
nine months ended September 30, 2018 and 2017 (in thousands):
|
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| Restricted Stock Award Activity |
Restricted stock award activity (including those with
performance-based vesting criteria) for the nine months ended
September 30, 2018 is summarized as follows:
|
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| Restricted Stock Unit Activity |
Restricted stock unit activity (including those with
performance-based vesting criteria) for the nine months ended
September 30, 2018 is summarized as follows:
|
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| X | ||||||||||
- Definition Schedule Of Share Based Compensation Expense And Associated Tax Benefit. No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Fair Value Measurements (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Assets and Liabilities Measured at Fair Value on Recurring Basis |
The following tables summarize our financial assets and liabilities
measured at fair value on a recurring basis as of September 30,
2018 and December 31, 2017 (in thousands):
|
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| Reconciliation of Beginning and Ending Balances of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) |
The following table provides a reconciliation of the beginning and
ending balances of assets measured at fair value on a recurring
basis using significant unobservable inputs (Level 3) (in
thousands):
|
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| X | ||||||||||
- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
Business Segments, Geographic Data, and Sales by Major Customers - Additional Information (Detail) $ in Millions |
9 Months Ended | 12 Months Ended | |
|---|---|---|---|
|
Sep. 30, 2018
USD ($)
Segment
Customer
|
Dec. 31, 2017
Segment
Customer
|
Mar. 15, 2018
Store
|
|
| Segment Reporting Information [Line Items] | |||
| Number of reporting segments | Segment | 3 | 3 | |
| Toys "R" Us | |||
| Segment Reporting Information [Line Items] | |||
| Pre and post-petition gross accounts receivable | $ | $ 20.7 | ||
| Toys "R" Us | United States | |||
| Segment Reporting Information [Line Items] | |||
| Number of stores | Store | 735 | ||
| Net Accounts Receivable | Customer Concentration Risk | |||
| Segment Reporting Information [Line Items] | |||
| Number of major customers | Customer | 3 | 3 | |
| Net Accounts Receivable | Toys "R" Us | Customer Concentration Risk | |||
| Segment Reporting Information [Line Items] | |||
| Concentration risk percentage | 8.70% | 26.40% | |
| Net Accounts Receivable | Three Largest Customers | Customer Concentration Risk | |||
| Segment Reporting Information [Line Items] | |||
| Concentration risk percentage | 46.00% | 60.60% |
| X | ||||||||||
- Definition Number of customers No definition available.
|
| X | ||||||||||
- Definition Pre and post-petition bankruptcy receivables. No definition available.
|
| X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
| X | ||||||||||
- Definition Represents the number of stores. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
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| X | ||||||||||
- Details
|
Information by Segment and Reconciliation to Reported Amounts (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
|
| Segment Reporting Information [Line Items] | |||||
| Net Sales | $ 236,699 | $ 262,413 | $ 435,484 | $ 476,483 | |
| Income (Loss) from Operations | 20,043 | (7,746) | (27,755) | (37,578) | |
| Depreciation and Amortization Expense | 6,563 | 8,301 | 13,991 | 18,414 | |
| Assets | 447,591 | 447,591 | $ 370,349 | ||
| U.S. and Canada | |||||
| Segment Reporting Information [Line Items] | |||||
| Net Sales | 133,481 | 154,046 | 263,397 | 295,098 | |
| Income (Loss) from Operations | 12,029 | (6,760) | (17,373) | (24,155) | |
| Depreciation and Amortization Expense | 4,823 | 5,682 | 10,125 | 13,107 | |
| Assets | 271,100 | 271,100 | 229,505 | ||
| International | |||||
| Segment Reporting Information [Line Items] | |||||
| Net Sales | 37,902 | 50,141 | 77,245 | 87,583 | |
| Income (Loss) from Operations | 2,919 | (735) | (6,764) | (3,986) | |
| Depreciation and Amortization Expense | 1,312 | 1,811 | 2,886 | 3,693 | |
| Assets | 118,781 | 118,781 | 106,255 | ||
| Halloween | |||||
| Segment Reporting Information [Line Items] | |||||
| Net Sales | 65,316 | 58,226 | 94,842 | 93,802 | |
| Income (Loss) from Operations | 5,095 | (251) | (3,618) | (9,437) | |
| Depreciation and Amortization Expense | 428 | $ 808 | 980 | $ 1,614 | |
| Assets | $ 57,710 | $ 57,710 | $ 34,589 | ||
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Net Sales to Major Customers (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Revenue, Major Customer [Line Items] | ||||
| Net Sales | $ 236,699 | $ 262,413 | $ 435,484 | $ 476,483 |
| Wal-Mart | ||||
| Revenue, Major Customer [Line Items] | ||||
| Net Sales | 64,133 | 70,768 | 107,344 | 118,819 |
| Target | ||||
| Revenue, Major Customer [Line Items] | ||||
| Net Sales | $ 50,797 | 44,502 | $ 87,641 | 77,674 |
| Toys "R" Us | ||||
| Revenue, Major Customer [Line Items] | ||||
| Net Sales | $ 22,741 | $ 49,760 | ||
| Net Sales | Wal-Mart | Customer Concentration Risk | ||||
| Revenue, Major Customer [Line Items] | ||||
| Percentage of Net Sales from major customer | 27.10% | 27.00% | 24.60% | 24.90% |
| Net Sales | Target | Customer Concentration Risk | ||||
| Revenue, Major Customer [Line Items] | ||||
| Percentage of Net Sales from major customer | 21.50% | 17.00% | 20.10% | 16.30% |
| Net Sales | Toys "R" Us | Customer Concentration Risk | ||||
| Revenue, Major Customer [Line Items] | ||||
| Percentage of Net Sales from major customer | 8.70% | 10.40% | ||
| X | ||||||||||
- Definition For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Net Sales to Major Customers (Parenthetical) (Detail) |
9 Months Ended |
|---|---|
Sep. 30, 2018 | |
| Revenue, Major Customer [Line Items] | |
| Concentration risk, benchmark description | Sales to Toys 'R' Us in the applicable periods were less than 10% of total sales |
| X | ||||||||||
- Definition Identifies or describes the benchmark that serves as the denominator in the calculation of the percentage of concentration risk. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Inventory Valued at Lower of Cost (First-in, First-out) or Market, Net of Inventory Obsolescence Reserve (Detail) - USD ($) $ in Thousands |
Sep. 30, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Inventory [Line Items] | ||
| Raw materials | $ 1,094 | $ 1,596 |
| Finished goods | 63,357 | 56,836 |
| Inventory, net | $ 64,451 | $ 58,432 |
| X | ||||||||||
- Definition Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Revenue Recognition and Reserve for Sales Returns and Allowances - Additional Information (Detail) - USD ($) $ in Thousands |
9 Months Ended | |
|---|---|---|
Sep. 30, 2018 |
Dec. 31, 2017 |
|
| Significant Accounting Policies [Line Items] | ||
| Reserve for sales returns and allowances | $ 30,270 | $ 17,622 |
| Minimum | ||
| Significant Accounting Policies [Line Items] | ||
| Discount on invoiced amount of products | 1.00% | |
| Maximum | ||
| Significant Accounting Policies [Line Items] | ||
| Discount on invoiced amount of products | 12.00% |
| X | ||||||||||
- Definition Cash Discount Discount Rate No definition available.
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| X | ||||||||||
- Definition Sales Reserves and Allowances No definition available.
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| X | ||||||||||
- Definition Significant Accounting Policies [Line Items] No definition available.
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- Definition Debt Instrument Additional Basis Spread No definition available.
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- Definition Fixed Charge Coverage Ratio No definition available.
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- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Effective interest rate for the funds borrowed under the debt agreement considering interest compounding and original issue discount or premium. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Percentage of principal amount of debt redeemed. No definition available.
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| X | ||||||||||
- Definition Amount, before accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of the contingent obligation under letters of credit outstanding as of the reporting date. No definition available.
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| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The fee, expressed as a percentage of the line of credit facility, for available but unused credit capacity under the credit facility. No definition available.
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| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Including the current and noncurrent portions, carrying value as of the balance sheet date of Notes with the highest claim on the assets of the issuer in case of bankruptcy or liquidation (with maturities initially due after one year or beyond the operating cycle if longer). Senior note holders are paid off in full before any payments are made to junior note holders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Convertible Senior Notes (Parenthetical) (Detail) - USD ($) $ in Millions |
9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2018 |
Dec. 31, 2017 |
Jul. 26, 2018 |
Jun. 30, 2014 |
Jul. 31, 2013 |
|
| 4.25% Convertible Senior Notes (due 2018) | |||||
| Debt Instrument [Line Items] | |||||
| Debt instrument, maturity year | 2018 | 2018 | |||
| Debt instrument, interest rate | 4.25% | 4.25% | 4.25% | 4.25% | |
| 3.25% Convertible Senior Notes (due 2020) | |||||
| Debt Instrument [Line Items] | |||||
| Debt instrument, maturity year | 2020 | 2020 | |||
| Debt instrument, interest rate | 3.25% | 3.25% | 3.25% | ||
| Convertible notes , principal amount | $ 29.5 | $ 21.5 | |||
| 4.875% Convertible Senior Notes (due 2020) | |||||
| Debt Instrument [Line Items] | |||||
| Debt instrument, maturity year | 2020 | 2020 | |||
| Debt instrument, interest rate | 4.875% | 4.875% | 4.875% |
| X | ||||||||||
- Definition Convertible Debt Principal Amount No definition available.
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| X | ||||||||||
- Definition Debt Instrument Maturity Year No definition available.
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| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Debt Instrument, Convertible, Number Of Share No definition available.
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| X | ||||||||||
- Definition Debt instrument, principal amount, redeemed. No definition available.
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| X | ||||||||||
- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Fair value portion of borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock. No definition available.
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| X | ||||||||||
- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The price per share of the conversion feature embedded in the debt instrument. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Ratio applied to the conversion of debt instrument into equity with equity shares divided by debt principal amount. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Description of the conversion terms of a debt instrument which may include the conversion ratio (including all potential conversion ratios if contingently adjustable), type of debt or equity security into which the debt is convertible, the dollars of debt or the number of shares into which the instrument is convertible (or potentially convertible into), the conversion period, any contingencies associated with the conversion terms, and the existence and amount of a beneficial conversion feature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the frequency of periodic payments (monthly, quarterly, annual). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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| X | ||||||||||
- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Percentage price of original principal amount of debt at which debt can be redeemed by the issuer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value amount of debt instrument that was repurchased. No definition available.
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| X | ||||||||||
- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of addition (reduction) to the amount at which a liability could be incurred (settled) in a current transaction between willing parties. No definition available.
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| X | ||||||||||
- Definition The cash outflow from the repayment of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Write-off of amounts previously capitalized as debt issuance cost in an extinguishment of debt. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
Dec. 31, 2017 |
|
| Income Taxes [Line Items] | |||||
| Provision for (benefit from) income taxes | $ 1,953 | $ 918 | $ 1,708 | $ 890 | |
| Effective income tax rate | 11.10% | 5.50% | 4.60% | 1.70% | |
| U.S. statutory tax rate | 21.00% | 35.00% | |||
| X | ||||||||||
- Definition Income Taxes [Line Items] No definition available.
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| X | ||||||||||
- Definition Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Earnings Per Share Disclosure [Line Items] No definition available.
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- Definition Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of stock options or restrictive stock units (RSUs). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) to net income used for calculating diluted earnings per share (EPS), resulting from the assumed exercise of dilutive convertible securities excluding adjustments related to ESOP convertible preferred stock, stock options, and restrictive stock units. No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of convertible debt securities using the if-converted method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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Income (Loss) Per Share - Additional Information (Detail) - shares |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Common Stock Equivalents | ||||
| Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
| Potentially dilutive securities excluded from computation of diluted earnings per common share | 2,894,029 | 20,215,325 | 25,332,390 | 21,502,935 |
| X | ||||||||||
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Number Of Executive Officers No definition available.
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- Definition Number Of Non Employee Directors No definition available.
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- Definition Share Based Compensation Arrangement by Share Based Payment Award, Equity Instruments Other Than Options, Vesting Date, Month and Year No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The value of the financial instrument(s) that the original debt is being converted into in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of shares issued in exchange for the original debt being converted in a noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value amount of debt instrument that was repurchased. No definition available.
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- Definition Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Total number of shares issued during the period, including shares forfeited, as a result of Restricted Stock Awards. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Aggregate value of stock related to Restricted Stock Awards issued during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Income (Loss) From Equity Method Investments, Net Of Tax No definition available.
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| X | ||||||||||
- Definition Number of Projects Completed No definition available.
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| X | ||||||||||
- Definition Operation Beginning Date No definition available.
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| X | ||||||||||
- Definition Ownership Interest in Joint Venture No definition available.
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| X | ||||||||||
- Definition Number of warrants or rights outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount, after adjustment, of cost-method investment. Adjustments include, but are not limited to, dividends received in excess of earnings after date of investment that are considered a return of investment and other than temporary impairments. No definition available.
|
| X | ||||||||||
- Definition The amount by which the fair value of an investment is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. No definition available.
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| X | ||||||||||
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. No definition available.
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| X | ||||||||||
- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The cash outflow associated with the investment in or advances to an entity in which the reporting entity shares control of the entity with another party or group. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Changes in Carrying Amount of Goodwill (Detail) $ in Thousands |
9 Months Ended |
|---|---|
|
Sep. 30, 2018
USD ($)
| |
| Goodwill [Line Items] | |
| Balance at beginning of the period | $ 35,384 |
| Adjustments to goodwill for foreign currency translation | (187) |
| Goodwill Ending Balance | $ 35,197 |
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of foreign currency translation gain (loss) which increases (decreases) an asset representing future economic benefits from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
Goodwill - Additional Information (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |
|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Goodwill [Line Items] | |||
| Goodwill impairment | $ 8,288 | $ 0 | $ 8,288 |
| X | ||||||||||
- Definition Amount of loss from the write-down of an asset representing the future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Acquired Intangible Assets by Major Class [Line Items] No definition available.
|
| X | ||||||||||
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
|
| X | ||||||||||
- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Carrying amount (original costs adjusted for previously recognized amortization and impairment) as of the balance sheet date for the rights acquired through registration of a trademark to gain or protect exclusive use of a business name, symbol or other device or style for a projected indefinite period of benefit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Components of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Condensed Statement of Income Captions [Line Items] | ||||
| Net Income (Loss) | $ 15,699 | $ (17,569) | $ (39,082) | $ (52,541) |
| Other comprehensive income (loss): | ||||
| Foreign currency translation adjustment | (1,149) | 1,662 | (1,489) | 4,128 |
| Comprehensive income (loss) | 14,550 | (15,907) | (40,571) | (48,413) |
| Less: Comprehensive income (loss) attributable to non-controlling interests | 17 | 45 | 39 | 131 |
| Comprehensive income (loss) attributable to JAKKS Pacific, Inc. | $ 14,533 | $ (15,952) | $ (40,610) | $ (48,544) |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
Share-Based Payments - Additional Information (Detail) $ in Millions |
9 Months Ended |
|---|---|
|
Sep. 30, 2018
USD ($)
| |
| Restricted Stock | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized compensation, non-vested restricted stock awards | $ 3.4 |
| Unrecognized compensation, non-vested restricted stock awards expected recognized period | 2 years 6 months 7 days |
| Restricted Stock | Minimum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period | 1 year |
| Restricted Stock | Maximum | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Vesting period | 5 years |
| Restricted Stock Units (RSUs) | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Unrecognized compensation, non-vested restricted stock awards | $ 2.3 |
| Unrecognized compensation, non-vested restricted stock awards expected recognized period | 2 years 18 days |
| X | ||||||||||
- Definition Employee Service Share Based Compensation Unrecognized Compensation Costs On Restricted Stock Awards No definition available.
|
| X | ||||||||||
- Definition Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
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Total Share-Based Compensation Expense and Related Tax Benefits Recognized (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2018 |
Sep. 30, 2017 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Restricted stock compensation expense | $ 760 | $ 793 | $ 1,747 | $ 2,253 |
| Restricted Stock | ||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Tax benefit related to restricted stock compensation | $ 0 | $ 0 | $ 0 | $ 0 |
| X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The noncash expense that represents the cost of restricted stock or unit distributed to employees as compensation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
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Summary of Restricted Stock Award Activity (Detail) - Restricted Stock |
9 Months Ended |
|---|---|
|
Sep. 30, 2018
$ / shares
shares
| |
| Number of Shares | |
| Outstanding at beginning of period | shares | 981,208 |
| Awarded | shares | 2,164,374 |
| Released | shares | (194,800) |
| Forfeited | shares | 0 |
| Outstanding at end of period | shares | 2,950,782 |
| Weighted Average Grant Date Fair Value | |
| Outstanding at beginning of period | $ / shares | $ 4.12 |
| Awarded | $ / shares | 1.88 |
| Released | $ / shares | 5.14 |
| Forfeited | $ / shares | 0 |
| Outstanding at end of period | $ / shares | $ 2.41 |
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Details
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Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs) |
9 Months Ended |
|---|---|
|
Sep. 30, 2018
$ / shares
shares
| |
| Number of Shares | |
| Outstanding at beginning of period | shares | 959,192 |
| Awarded | shares | 357,143 |
| Released | shares | (125,290) |
| Forfeited | shares | (93,229) |
| Outstanding at end of period | shares | 1,097,816 |
| Weighted Average Fair Value | |
| Outstanding at beginning of period | $ / shares | $ 4.68 |
| Awarded | $ / shares | 1.96 |
| Released | $ / shares | 5.15 |
| Forfeited | $ / shares | 4.52 |
| Outstanding at end of period | $ / shares | $ 3.76 |
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Details
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Financial Assets Measured at Fair Value on Recurring Basis (Detail) - Fair Value Measurements, Recurring - USD ($) $ in Thousands |
Sep. 30, 2018 |
Dec. 31, 2017 |
|---|---|---|
| Fair Value Measurements, Level 3 | 3.25% Convertible Senior Notes (due 2020) | ||
| Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items] | ||
| Convertible senior notes | $ (33,436) | $ (22,469) |
| Cash Equivalents | Fair Value Measurements, Level 1 | ||
| Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items] | ||
| Assets measured at fair value on recurring basis | 13,718 | |
| Carrying Amount | 3.25% Convertible Senior Notes (due 2020) | ||
| Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items] | ||
| Convertible senior notes | $ (33,436) | (22,469) |
| Carrying Amount | Cash Equivalents | ||
| Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items] | ||
| Assets measured at fair value on recurring basis | $ 13,718 |
| X | ||||||||||
- Definition Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items] No definition available.
|
| X | ||||||||||
- Definition Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Fair value of financial and nonfinancial obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Reconciliation of Beginning and Ending Balances of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) - Fair Value Measurements, Level 3 - Fair Value Measurements, Recurring $ in Thousands |
9 Months Ended |
|---|---|
|
Sep. 30, 2018
USD ($)
| |
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
| Beginning Balance | $ (22,469) |
| Change in fair value | (2,514) |
| Ending Balance | (33,436) |
| 3.25% Convertible Senior Notes (due 2020) | |
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | |
| Convertible senior notes | $ (8,453) |
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of issuances of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
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Liquidity - Additional Information (Detail) - USD ($) |
1 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Oct. 31, 2018 |
Sep. 30, 2018 |
Jun. 14, 2018 |
Dec. 31, 2017 |
Sep. 30, 2017 |
Dec. 31, 2016 |
|
| Cash and Cash Equivalents [Line Items] | ||||||
| Cash and cash equivalents including restricted cash | $ 57,144,000 | $ 64,977,000 | $ 48,811,000 | $ 86,064,000 | ||
| Great American Capital Partners Finance Co LLC | ||||||
| Cash and Cash Equivalents [Line Items] | ||||||
| Term loan matures description | The GACP term loan matures upon the earlier of (i) June 14, 2021, (ii) the termination date of the Wells Fargo credit facility, or March 27, 2019, and (iii) the date that is 91 days prior to the maturity of various of the Company’s convertible senior notes due in 2020. | |||||
| Great American Capital Partners Finance Co LLC | Term Loan Agreement | ||||||
| Cash and Cash Equivalents [Line Items] | ||||||
| Secured term loan | $ 20,000,000 | $ 20,000,000 | ||||
| Term loan matures description | All then-outstanding borrowings under the Term Loan are due, and the Term Loan terminates, no later than June 14, 2021, unless sooner terminated in accordance with its terms, which includes the date of termination of the Wells Fargo Credit Facility and the date that is 91 days prior to the maturity of the Company’s various convertible senior notes due in 2020. | |||||
| Subsequent Event | Corporate Restructuring [Member] | Minimum | ||||||
| Cash and Cash Equivalents [Line Items] | ||||||
| Savings from restructuring | $ 10,000,000 | |||||
| Subsequent Event | Corporate Restructuring [Member] | Maximum | ||||||
| Cash and Cash Equivalents [Line Items] | ||||||
| Savings from restructuring | $ 15,000,000 | |||||
| Foreign Subsidiaries | ||||||
| Cash and Cash Equivalents [Line Items] | ||||||
| Cash and cash equivalents including restricted cash | $ 37,300,000 | $ 52,800,000 |
| X | ||||||||||
- Definition Savings from restructuring. No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Description of the maturity date of the debt instrument including whether the debt matures serially and, if so, a brief description of the serial maturities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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Subsequent Event - Additional Information (Detail) - Subsequent Event - Corporate Restructuring [Member] $ in Millions |
1 Months Ended |
|---|---|
|
Oct. 31, 2018
USD ($)
| |
| Subsequent Event [Line Items] | |
| Restructuring charges | $ 2.0 |
| Minimum | |
| Subsequent Event [Line Items] | |
| Percentage of global workforce reduction in restructuring | 12.00% |
| Maximum | |
| Subsequent Event [Line Items] | |
| Percentage of global workforce reduction in restructuring | 15.00% |
| X | ||||||||||
- Definition Percentage of global workforce reduction in restructuring. No definition available.
|
| X | ||||||||||
- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
|
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