View Filing Data

Repurchase of common stock for employee tax withholding

^[1]

618

^[1]

(249)

(29,127)

^[1]

(29,158)

^[1]

Ending balance at Mar. 31, 2019

1,303

^[1]

1,303

^[1]

24,194

^[1]

(24,000)

218,551

^[1]

(156,759)

(14,544)

23,251

^[1]

943

Beginning balance at Dec. 31, 2018

51,649

^[1]

(24,000)

218,182

^[1]

(127,601)

(15,847)

50,737

^[1]

912

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(51,612)

Ending balance at Jun. 30, 2019

853

1,632

^[1]

(24,000)

218,924

^[1]

(179,301)

(14,994)

632

^[1]

1,000

Beginning balance at Mar. 31, 2019

24,194

^[1]

(24,000)

218,551

^[1]

(156,759)

(14,544)

23,251

^[1]

943

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Repurchase of common stock for employee tax withholding

^[1]

397

^[1]

(24)

(22,485)

^[1]

(22,542)

^[1]

Ending balance at Jun. 30, 2019

(450)

^[1]

(450)

^[1]

1,632

^[1]

(24,000)

218,924

^[1]

(179,301)

(14,994)

632

^[1]

1,000

Beginning balance at Dec. 31, 2019

4,021

^[2]

^[1]

200,507

^[1]

(183,149)

(14,422)

2,940

^[1]

1,081

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Repurchase of common stock for employee tax withholding

^[1]

252

^[1]

(172)

Preferred stock accrued dividends

^[1]

(307)

(11,998)

^[1]

(12,038)

^[1]

Ending balance at Mar. 31, 2020

(1,634)

^[1]

(1,634)

^[1]

(9,838)

^[1]

200,280

^[1]

(195,187)

(16,056)

(10,959)

^[1]

1,121

Beginning balance at Dec. 31, 2019

4,021

^[2]

^[1]

200,507

^[1]

(183,149)

(14,422)

2,940

^[1]

1,081

Increase (Decrease) in Stockholders' Equity [Roll Forward]

(35,266)

Ending balance at Jun. 30, 2020

(1,553)

(23,152)

^[2]

^[1]

210,152

^[1]

(218,463)

(15,975)

(24,281)

^[1]

1,129

Beginning balance at Mar. 31, 2020

(9,838)

^[1]

200,280

^[1]

(195,187)

(16,056)

(10,959)

^[1]

1,121

Increase (Decrease) in Stockholders' Equity [Roll Forward]

^[1]

9,473

9,472

9,473

Repurchase of common stock for employee tax withholding

^[1]

714

^[1]

(2)

Preferred stock accrued dividends

^[1]

(312)

(23,268)

^[1]

(23,276)

^[1]

Ending balance at Jun. 30, 2020

^[1]

$ (23,152)

^[2]

$ 5

^[1]

$ 0

$ 210,152

^[1]

$ (218,463)

$ (15,975)

$ (24,281)

^[1]

$ 1,129

[1]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.
[2]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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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.

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Business Segments, Geographic Data, and Sales by Major Customers

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net loss	$ (35,266)	$ (51,612)
Adjustments to reconcile net loss to net cash used in operating activities:
Provision for doubtful accounts	423	(248)
Depreciation and amortization	4,461	7,473
Payment-in-kind interest	2,277	0
Amortization of debt discount	1,388	0
Write-off and amortization of debt issuance costs	702	803
Share-based compensation expense	966	1,015
Gain on disposal of property and equipment	(115)	(61)
Change in fair value of convertible senior notes	52	2,529
Change in fair value of preferred stock derivative liability	(2,083)	0
Changes in operating assets and liabilities:
Accounts receivable	48,516	37,407
Inventory	(3,422)	359
Prepaid expenses and other assets	2,142	(12,079)
Accounts payable	(9,239)	6,785
Accrued expenses	(14,323)	3,714
Reserve for sales returns and allowances	(6,053)	(4,905)
Income taxes payable	(2,064)	13
Other liabilities	(264)	(58)
Total adjustments	23,364	42,747
Net cash used in operating activities	(11,902)	(8,865)
Cash flows from investing activities
Purchases of property and equipment	(4,335)	(5,205)
Proceeds from sale of property and equipment	65	0
Net cash used in investing activities	(4,270)	(5,205)
Cash flows from financing activities
Retirement of convertible senior notes	(1,905)	0
Repayment of credit facility borrowings	0	(7,500)
Proceeds from loan under the Paycheck Protection Program	6,206	0
Repayment of term loan	0	(167)
Repurchase of common stock for employee tax withholding	(174)	(273)
Net cash provided by (used in) financing activities	4,127	(7,940)
Net decrease in cash, cash equivalents and restricted cash	(12,045)	(22,010)
Effect of foreign currency translation	(1,553)	853
Cash, cash equivalents and restricted cash, beginning of period	66,286	58,205
Cash, cash equivalents and restricted cash, end of period	52,688	37,048
Cash paid during the period for:
Income taxes	2,791	68
Interest	$ 6,720	$ 5,063

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Statement of Cash Flows [Abstract]
Purchase of property and equipment incurred	$ 3.2	$ 3.4

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	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 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, 2019. 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. Effective July 9, 2020, the Company completed a 1 for 10 reverse stock split of its $0.001 par value common stock reducing the issued and outstanding shares of common stock from 42,395,782 to 4,239,578 (“Reverse Stock Split”). The Reverse Stock Split did not cause an adjustment to the par value or the authorized shares of the common stock. All share and per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to the Reverse Stock Split, including reclassifying an amount equal to the reduction in par value of common stock to additional paid-in capital. The primary reason for implementing the Reverse Stock Split was to regain compliance with the minimum bid price requirement of The NASDAQ Stock Market LLC (“Nasdaq”). On July 31, 2020, the Company was notified by Nasdaq that it had regained compliance with the Nasdaq listing requirements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The new standard was initially effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU 2019-10 which deferred the effective date of ASU 2016-13 by three years for Smaller Reporting Companies. As a result, the effective date for the standard is fiscal years beginning after December 15, 2022, and interim periods therein, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-13 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 adoption of this standard did not have an impact on the Company’s condensed consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation: Targeted Improvements to Related Party Guidance for Variable Interest Entities," which improves the accounting for variable interest entities by considering indirect interests held through related parties under common control for determining whether fees paid to decision makers and service providers are variable interests. This new standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The amendments are required to be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. Early adoption is permitted. The adoption of this standard did not have an impact on the Company's condensed consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax assets for investments. The guidance also reduces complexity in certain areas, including the accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. This new standard is effective for the Company for fiscal years beginning January 1, 2021, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this new guidance will have on its condensed consolidated financial statements. Going Concern and Liquidity On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on the Company’s financial condition, liquidity, and future results of operations. Management is actively monitoring the global situation and the resulting impact on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, it is extremely challenging for the Company to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, and liquidity for fiscal years 2020 and 2021. The first half of fiscal year 2020 has seen the full spectrum of stay-at-home orders and retail closures to reduced retailer hours and focus on “essential” items to some markets trying to take a business-as-usual approach. In addition, published data has indicated a similar wide range in some toy categories significantly outperforming last year’s comparable period sales while others lag behind, which is at least partly due to drastic changes in purchase occasions (e.g., staying at home with family in the backyard vs. attending a school acquaintance’s birthday party). Although the Company cannot estimate the length or gravity of the impact of the COVID-19 outbreak at this time, it is likely the pandemic will have a material adverse effect on the Company’s sales expectations for fiscal year 2020. In mid-March 2020, the Company began migrating to a work-from-home model in compliance with local guidance. In early April 2020, the Company began to reassess its revenue and expense projections for the year in an attempt to anticipate decreases in customer and consumer demand based on the uncertainty associated with the economic impact of the pandemic. In parallel, the Company began a review of worldwide spending to identify both short-term and long-term cost savings measures to preserve both profitability and liquidity in light of the potential for decreased product demand. By late April 2020, the Company had identified new revenue and spending objectives for the year 2020 and synchronized those expectations across the senior leadership team. It is the Company’s intention to carefully monitor the pandemic’s impact across markets, channels and customers and strike the right balance of pursuing opportunity while minimizing risk to the Company’s long-term health. On March 27, 2020, President Trump signed into law the “Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer-side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company continues to monitor and explore any relevant government assistance programs that could support either cash liquidity or operating results in the short-medium term. As of the filing of this document, the Company continues to have no draw down on its credit facility with Wells Fargo. On June 12, 2020, the Company received a $6.2 million loan (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) within the CARES Act. The PPP Loan matures on June 2, 2022 and is subject to the CARES Act terms which include, among other terms, an interest rate of 1.00% per annum and monthly installment payments of $261,275 commencing on December 1, 2020. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The PPP Loan is subject to events of default and other provisions customary for a loan of this type. The application for the loan required the Company to, in good faith, certify that the current economic uncertainty made the loan request necessary to support the ongoing operations of the Company. This certification further required the Company to take into account its current business activity and its ability to access other sources of liquidity sufficient to support ongoing operations in a manner that is not significantly detrimental to the business. The PPP Loan may be forgiven, partially or in full, if certain conditions are met, principally based on having been disbursed for permissible purposes and maintaining certain average levels of employment and payroll as required by the CARES Act. The forgiveness of the loan is also dependent on the Company having initially qualified for the loan. It is the Company’s intention to use the proceeds of the PPP loan to support payroll and rent expenses over the six months following the receipt of the loan in accordance with the guidelines of the program, and to apply for forgiveness for a portion of the loan at the end of this time period. It is unknown whether any forgiveness will be granted. As a result, the Company is taking the approach that a portion of this loan is short-term and a portion is long-term, and has reflected that borrowing on the balance sheet, as appropriate. On April 23, 2020, the Small Business Administration issued new guidance that questioned whether a public company with substantial market value and access to capital markets would qualify to participate in the PPP. Subsequently, on April 28, 2020 the Secretary of the Treasury and Small Business Administrator announced that the government will review all PPP loans of more than $2 million for which the borrower applies for forgiveness. If the Company were to be audited and receive an adverse finding in such audit, the Company could be required to return the full amount of the PPP loan, which could reduce its liquidity, and potentially subject itself to fines and penalties. As of June 30, 2020 and December 31, 2019, the Company held cash and cash equivalents, including restricted cash, of $52.7 million and $66.3 million, respectively. Cash, and cash equivalents, including restricted cash held outside of the United States in various foreign subsidiaries totaled $24.7 million and $27.0 million as of June 30, 2020 and December 31, 2019, respectively. The cash and cash equivalents, including restricted cash balances in the Company's 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 June 30, 2020. The Company’s primary sources of working capital are cash flows from operations and borrowings under its credit facility (see Note 6 - Credit Facilities). 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 and in securing commercially-attractive licenses, (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. As of June 30, 2020, the Company has substantial indebtedness including $134.8 million of outstanding indebtedness under a First Lien Term Loan Facility Credit Agreement (the “New Term Loan Agreement”). As of June 30, 2020, the Company has no outstanding indebtedness under an amended and extended Credit Agreement (the “Amended ABL Credit Agreement” or “Amended Wells Fargo Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”). The Company also has the aforementioned PPP loan of $6.2 million secured under the CARES Act program. The New Term Loan Agreement and Amended ABL each contain negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates, as well as cross-default provisions. The Company secured the appropriate waivers from both parties before receiving the proceeds of the PPP loan. Commencing with the fiscal quarter ending September 30, 2020, the Company is also required to maintain a minimum Earnings Before Interest Tax Depreciation and Amortization (“EBITDA") of not less than $34.0 million over the previous twelve months and a minimum liquidity of not less than $10.0 million. The New Term Loan Agreement contains events of default that are customary for a facility of this nature, including nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to other material indebtedness, bankruptcy or insolvency events, material judgment defaults and a change of control as specified in the New Term Loan Agreement, and cross-default provisions with the Amended Wells Fargo Credit Agreement. If an event of default occurs under either Agreement, the maturity of the amounts owed under the New Term Loan Agreement and the Amended Wells Fargo Credit Agreement may be accelerated. The Company was in compliance with the financial covenants under the New Term Loan Agreement as of June 30, 2020. However, given the current uncertainties created by the COVID-19 pandemic, it is probable that the Company will not achieve the minimum EBITDA threshold required under the New Term Loan Agreement at September 30, 2020. Failure to satisfy such requirement would constitute an event of default under the New Term Loan Agreement and Amended ABL Credit Agreement unless the lenders agree to waive compliance with such requirement. The Company’s ability to fund operations and retire debt when due is dependent on a number of factors, some of which are beyond the Company's control and/or inherently difficult to estimate, including the Company's future operating performance and the factors mentioned above, among other risks and uncertainties. To the extent the Company is unable to fund its operations or retire debt when due, no assurances can be given that the Company will have the financial resources required to obtain, or that the conditions of the capital markets will support, any future debt or equity financings, which could have a material adverse impact on the Company’s business, results of operations and financial condition. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued. The Company plans to negotiate waivers or obtain other accommodations to the satisfaction of its existing lenders, inclusive of Wells Fargo, the Term Loan group and the Company’s unsecured creditors. Although the lenders under the existing credit facilities may waive such covenants or provide other accommodations in event of default, they are not obligated to do so. The Company cannot make any assurances regarding the likelihood or certainty in being successful in obtaining these waivers in the event the Company is unable to achieve the minimum EBITDA threshold. Failure to obtain such a waiver would have a material adverse effect on the Company’s liquidity, financial condition and results of operations. The Company’s Condensed Consolidated Financial Statements as of June 30, 2020 are being prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. They do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern.

Business Segments, Geographic Data, and Sales by Major Customers

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Business Segments, Geographic Data, and Sales by Major CustomersThe 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 recently re-aligned its products into two reporting segments to better reflect the management and operation of the business. The Company’s segments are (i) Toys/Consumer Products and (ii) Halloween. Prior year’s segment reporting has been restated to reflect this change.

The Toys/Consumer Products 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, and makeup and skincare products under the C'est Moi name.

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 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.

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 six months ended June 30, 2020 and 2019 and as of June 30, 2020 and December 31, 2019 are as follows (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Sales
Toys/Consumer Products	$	56,214	$	58,795	$	118,779	$	125,981

Halloween	22,544		36,387		26,536		40,027
	$	78,758	$	95,182	$	145,315	$	166,008


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Loss from Operations
Toys/Consumer Products	$	(5,611)	$	(13,604)	$	(18,350)	$	(33,481)

Halloween	(4,135)		(5,045)		(7,382)		(9,209)
	$	(9,746)	$	(18,649)	$	(25,732)	$	(42,690)


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Depreciation and Amortization Expense
Toys/Consumer Products	$	2,292	$	3,191	$	4,116	$	6,328

Halloween	287		1,048		345		1,145
	$	2,579	$	4,239	$	4,461	$	7,473


	June 30, 2020		December 31, 2019
Assets
Toys/Consumer Products	$	263,364	$	356,584

Halloween	37,056		8,638
	$	300,420	$	365,222

The following tables present information about the Company by geographic area as of June 30, 2020 and December 31, 2019 and for the three and six months ended June 30, 2020 and 2019 (in thousands):


	June 30, 2020		December 31, 2019
Long-lived Assets
United States	$	26,709	$	31,175
China	13,869		11,461
Hong Kong	2,428		2,937
United Kingdom	1,423		1,633
Canada	109		134
Mexico	85		—
	$	44,623	$	47,340


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Sales by Customer Area
United States	$	66,777	$	82,409	$	118,695	$	139,967
Europe	5,761		6,546		13,379		13,737
Canada	2,684		2,182		5,032		4,742
Asia	1,462		1,876		3,232		3,467
Australia & New Zealand	802		782		2,333		1,688
Latin America	1,082		1,071		2,082		1,936
Middle East & Africa	190		316		562		471
	$	78,758	$	95,182	$	145,315	$	166,008

Major Customers

Net sales to major customers for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands, except for percentages):


	Three Months Ended June 30,														Six Months Ended June 30,
	2020						2019						2020				2019
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales		Amount		Percentage of Net Sales		Amount		Percentage of Net Sales
Wal-Mart	$	22,208	28.2	%	$	29,709	31.2	%	$	40,718	28.0	%	$	51,818	31.2	%
Target	18,929		24.0		14,016		14.7		33,544		23.1		26,195		15.8
	$	41,137	52.2	%	$	43,725	45.9	%	$	74,262	51.1	%	$	78,013	47.0	%

No other customer accounted for more than 10% of the Company's total net sales.

As of June 30, 2020 and December 31, 2019, the Company’s three largest customers accounted for approximately 52.0% and 56.9%, 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.

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.

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Inventory

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

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):


	June 30, 2020		December 31, 2019
Raw materials	$	148	$	144
Finished goods	57,533		54,115
	$	57,681	$	54,259

Revenue Recognition and Reserve for Sales Returns and Allowances	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue Recognition and Reserve for Sales Returns and Allowances	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: Toys/Consumer Products 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 20% 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 $32.3 million as of June 30, 2020, compared to $38.4 million as of December 31, 2019.

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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Debt

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Debt

Convertible senior notes

Convertible senior notes consist of the following (in thousands):


	June 30, 2020		December 31, 2019

4.875% convertible senior notes due 2020	$	—	$	1,905

3.25% convertible senior notes due 2023*	42,257		50,753
Total convertible senior notes	$	42,257	$	52,658

* The amounts presented for the 3.25% convertible senior notes due 2023 within the table represent the fair value as of June 30, 2020 and December 31, 2019 (see Note 16 - Fair Value Measurements). The principal amount of these notes totaled $30.7 million and $37.6 million as of June 30, 2020 and December 31, 2019, respectively.

Effective July 9, 2020, the Company completed a 1 for 10 reverse stock split of its $0.001 par value common stock reducing the issued and outstanding shares of common stock from 42,395,782 to 4,239,578 (“Reverse Stock Split”). The Reverse Stock Split did not cause an adjustment to the par value or the authorized shares of the common stock. All share and per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to this Reverse Stock Split. The primary reason for implementing the Reverse Stock Split was to regain compliance with the minimum bid price requirement of Nasdaq. On July 31, 2020, the Company was notified by Nasdaq that it had regained compliance with the Nasdaq listing requirements.

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. Excluding the impact of the 1 for 10 reverse stock split, 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 290,000 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 11,240 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 $21.6 million face amount of its 2018 Notes, 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, excluding the impact of the 1 for 10 reverse stock split, 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 2018 Notes with convertible senior notes similar to those issued to Oasis in November 2017. The July 26, 2018 $8.0 million Oasis notes mature on November 1, 2020, accrue interest at an annual rate of 3.25% and, excluding the impact of the 1 for 10 reverse stock split, are convertible into shares of the Company’s common stock at an initial 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 due 2020 was reset on November 1, 2018 and November 1, 2019 (each, a “reset date”) to a price equal to 105% above the 5-day Volume Weighted Average Price ("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. Excluding the impact of the 1 for 10 reverse stock split, the conversion price of the 3.25% convertible senior notes due 2020 reset on November 1, 2018 to $2.54 per share and the conversion rate was increased to 393.7008 shares of the Company's common stock per $1,000 principal amount of notes.

The remaining $13.2 million of 2018 Notes were redeemed at par at maturity on August 1, 2018.

In August 2019, the Company entered into and consummated multiple, binding definitive agreements (collectively, the “Recapitalization Transaction”) among Wells Fargo, Oasis Investments II Master Fund Ltd. and an ad hoc group of holders of the 4.875% convertible senior notes due 2020 ( the "Investor Parties") to recapitalize the Company’s balance sheet, including the extension to the Company of incremental liquidity and at least three-year extensions of substantially all of the Company’s outstanding convertible debt obligations and revolving credit facility. The Company’s term loan agreement entered into with Great American Capital Partners (see Note 6 – Credit Facilities) was paid in full and terminated in connection with the Recapitalization Transaction.

In connection with the Recapitalization Transaction, the Company issued (i) amended and restated notes with respect to the $21.6 million Oasis Note issued on November 7, 2017, and the $8.0 million Oasis Note issued on July 26, 2018 (together, the “Existing Oasis Notes”), and (ii) a new $8.0 million convertible senior note having the same terms as such amended and restated notes (the "New $8.0 million Oasis Note" and collectively, the “New Oasis Notes” or the "3.25% convertible senior notes due 2023"). Interest on the New Oasis Notes is payable on each May 1 and November 1 until maturity and accrues at an annual rate of (i) 3.25% if paid in cash or 5.00% if paid in stock plus (ii) 2.75% payable in kind. The New Oasis Notes mature 91 days after the amounts outstanding under the New Term Loan are paid in full, and in no event later than July 3, 2023.

Excluding the impact of the 1 for 10 reverse stock split, the New Oasis Notes provide, among other things, that the initial conversion price is $1.00. The conversion price will be reset on each February 9 and August 9, starting on February 9, 2020 (each, a “reset date”) to a price equal to 105% of the 5-day VWAP preceding the applicable reset date. Under no circumstances shall the reset result in a conversion price be below the greater of (i) the closing price on the trading day immediately preceding the applicable reset date and (ii) 30% of the stock price as of the Transaction Agreement Date, or August 7, 2019, and will not be greater than the conversion price in effect immediately before such reset. The Company may trigger a mandatory conversion of the New Oasis Notes if the market price exceeds 150% of the conversion price under certain circumstances. The Company may redeem the New Oasis Notes in cash if a person, entity or group acquires shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and as a result owns at least 49% of the Company’s issued and outstanding Common Stock. In connection with the issuance of the New Oasis Notes, the Company recognized a loss on extinguishment of the Existing Oasis Notes of approximately $10.4 million. Excluding the impact of the 1 for 10 reverse stock split, the conversion price of the new Oasis Notes reset on February 9, 2020 to $1.00 per share.

In June 2020, $7.1 million of the New Oasis Notes (including $0.2 million in payment-in-kind interest) were converted for 710,100 shares of common stock. As a result, the Company recorded an increase to additional paid-in capital of $9.5 million.

A director of the Company is a portfolio manager at Oasis Management.

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 loss of $7.7 million (net of payment-in-kind interest of $0.3 million) for the three months ended June 30, 2020, related to changes in the fair value of the New Oasis Notes. At June 30, 2020 and December 31, 2019, the debt held by Oasis had a fair value of approximately $42.3 million and $50.8 million, respectively (Note 16 — Fair Value Measurements). The Company evaluated its credit risk as of June 30, 2020, and determined that there was no change from December 31, 2019.

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. Excluding the impact of the 1 for 10 reverse stock split, 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.

In connection with the Recapitalization Transaction, the 2020 Notes with a face amount of $111.1 million of the total $113.0 million that were outstanding at the time of the Recapitalization Transaction were refinanced and the maturity dates were extended. Of the refinanced amount, $103.8 million was refinanced with the Investor Parties through the issuance of the New Common Equity (as defined below), the New Preferred Equity (as defined below) (see Note 9 - Common Stock and Preferred Stock) and new secured term debt that matures in February 2023 (see Term Loan section below). Additionally, $1.0 million of accrued interest was refinanced with the Investor Parties. The remaining refinanced amount of $7.3 million was exchanged into the New $8.0 million Oasis Note discussed above. In connection with the issuance of the new secured term loan, as well as the New Common Equity and the New Preferred Equity, the Company recognized a loss on extinguishment of the 2020 Notes refinanced with the Investor Parties of approximately $2.4 million, and wrote off $0.7 million of unamortized debt issuance costs related to the 2020 Notes.

The Company classified the remaining $1.9 million of the 2020 Notes as current liabilities on the condensed consolidated balance sheet. The $1.9 million of the 2020 Notes were redeemed at par at maturity on June 1, 2020.

The fair value of the 4.875% convertible senior notes due 2020 as of December 31, 2019 was $1.7 million based upon the most recent quoted market prices. The fair value of the convertible senior notes is considered to be Level 3 measurements on the fair value hierarchy.

Amortization expense classified as interest expense related to debt issuance costs of the Company's convertible senior notes was nil and $0.2 million for the three months ended June 30, 2020 and 2019, respectively. Amortization expense classified as interest expense related to debt issuance costs of the Company's convertible senior notes was nil and $0.4 million for the six months ended June 30, 2020 and 2019, respectively.

Term Loan

Term loan consists of the following (in thousands):


	June 30, 2020										December 31, 2019
	Principal Amount**		Debt Discount/ Issuance Costs*		Net Amount		Principal Amount**		Debt Discount/ Issuance Costs*		Net Amount
Term Loan	$	134,801	$	(10,407)	$	124,394	$	134,801	$	(12,319)	$	122,482

* The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are being amortized over the life of the term loan.

** The amount presented excludes accrued, but unpaid, payment-in-kind interest of $3.1 million and $1.3 million as of June 30, 2020 and December 31, 2019, respectively.

In August 2019, in connection with the Recapitalization Transaction, the Company entered into a First Lien Term Loan Facility Credit Agreement (the “New Term Loan Agreement”), with certain of the Investor Parties, and Cortland Capital Market Services LLC, as agent, for a $134.8 million first-lien secured term loan (the “New Term Loan”). The Company also issued common stock and preferred stock (see Note 9 - Common Stock and Preferred Stock) to the Investor Parties.

Amounts outstanding under the New Term Loan accrue interest at 10.50% per annum, payable semi-annually (with 8% per annum payable in cash and 2.5% per annum payable in kind). The New Term Loan matures on February 9, 2023.

The New Term Loan Agreement contains negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Commencing with the fiscal quarter ending September 30, 2020, the Company is also required to maintain a minimum EBITDA of not less than $34.0 million and a minimum liquidity of not less than $10.0 million.

The New Term Loan Agreement contains events of default that are customary for a facility of this nature, including nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to other material indebtedness, bankruptcy or insolvency events, material judgment defaults and a change of control as specified in the New Term Loan Agreement. If an event of default occurs, the maturity of the amounts owed under the New Term Loan Agreement may be accelerated.

The obligations under the New Term Loan Agreement are guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and are secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens.

Amortization expense classified as interest expense related to the $3.8 million of debt issuance costs associated with the issuance of the New Term Loan was $0.3 million and $0.5 million for the three and six months ended June 30, 2020, respectively.

Amortization expense classified as interest expense related to the $10.1 million debt discount associated with the issuance of the New Term Loan was $0.7 million and $1.4 million for the three and six months ended June 30, 2020, respectively.

The fair value of the New Term Loan as of June 30, 2020 and December 31, 2019 was $126.8 million and $123.4 million, respectively. The estimated fair value was calculated using a discounted cash flow method and is classified as Level 3 within the fair value hierarchy.

Loan under Paycheck Protection Program

On June 12, 2020, the Company received a $6.2 million PPP Loan under the PPP within the CARES Act. The PPP Loan matures on June 2, 2022, and is subject to the CARES Act terms which include, among other terms, an interest rate of 1.00% per annum and monthly installment payments of $261,275 commencing on December 1, 2020. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The PPP Loan is subject to events of default and other provisions customary for a loan of this type. The PPP Loan may be forgiven, partially or in full, if certain conditions are met, principally based on having been disbursed for permissible purposes and maintaining certain average levels of employment and payroll as required by the CARES Act. As of June 30, 2020, the Company has recorded the PPP loan as a liability and classified $1.8 million as a current liability and $4.4 million as a non-current liability on the condensed consolidated balance sheet. The Company intends to apply for forgiveness of amounts received under the PPP in accordance with the requirements of the CARES Act, as amended. Any loan amounts forgiven will be removed from liabilities recorded. While the Company intends to use the proceeds of the PPP Loan only for permissible purposes, there can be no assurance that it will be eligible for forgiveness of the PPP Loan, in full or in part.

The carrying value of the PPP loan is a reasonable approximation of fair value.

Credit Facilities	6 Months Ended
Credit Facilities	Jun. 30, 2020
Debt Disclosure [Abstract]
Credit Facilities	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 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, were payable in full upon maturity of the facility on September 27, 2019, except that the Credit Facility would mature on June 15, 2018 if the Company did 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 its 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. In August 2019, in connection with the Recapitalization Transaction (see Note 5 - Debt), the Company entered into the Amended ABL Credit Agreement. The Amended ABL Credit Agreement, or Amended ABL facility, amends and restates the Company’s existing Credit Facility, dated as of March 27, 2014, as amended, with GECC and subsequently assigned to Wells Fargo, to, among other things, decrease the borrowing capacity from $75.0 million to $60.0 million and extend the maturity to August 9, 2022. The obligations under the Amended ABL Credit Agreement are guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and are secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens. As of June 30, 2020, the amount of outstanding borrowings was nil, the amount of outstanding stand-by letters of credit totaled $10.4 million and the total excess borrowing capacity was $23.6 million. As of December 31, 2019, the amount of outstanding borrowings was nil, the amount of outstanding stand-by letters of credit totaled $9.2 million and the total excess borrowing capacity was $41.8 million. The Amended ABL Credit Agreement contains negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Company is also required to maintain a fixed charge coverage ratio of not less than 1.1 to 1.0 under certain circumstances, and a minimum liquidity of $25.0 million and a minimum availability of at least $9.0 million. As of June 30, 2020 and December 31, 2019, the Company was in compliance with the financial covenants under the Amended ABL Facility and the previous Credit Facility, as applicable. Any amounts borrowed under the Amended ABL Facility accrue interest, at either (i) LIBOR plus 1.50%-2.00% (determined by reference to a fixed charge coverage ratio-based pricing grid) or (ii) base rate plus 0.50%-1.00% (determined by reference to a fixed charge coverage ratio-based pricing grid). As of June 30, 2020, the weighted average interest rate on the credit facility with Wells Fargo was 0%. As of December 31, 2019, the weighted average interest rate on the credit facility with Wells Fargo was 4.53%. The Amended ABL 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 Amended ABL Facility may be declared immediately due and payable. For certain events of default relating to insolvency, all outstanding obligations become due and payable. As of June 30, 2020, off-balance sheet arrangements include letters of credit issued by Wells Fargo of $10.4 million. 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 was 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 Term Loan required 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 would be due, and the Term Loan would terminate, no later than June 14, 2021, unless sooner terminated in accordance with its terms, which included 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 5 - Debt). The Company was permitted to prepay the Term Loan, which would have required 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. In August 2019, in connection with the Recapitalization Transaction (see Note 5 - Debt), the Company repaid in full and terminated the Term Loan Agreement. Amortization expense classified as interest expense related to the $1.3 million of 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) and $1.1 million of debt issuance costs associated with the transaction that closed on August 9, 2019 (i.e., Amended ABL Facility) was $0.1 million and $0.2 million for the three and six months ended June 30, 2020, respectively. Amortization expense classified as interest expense related to the $1.3 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 nil and $0.4 million for the three and six months ended June 30, 2019, respectively.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company’s income tax expense of $0.3 million for the three months ended June 30, 2020 reflects an effective tax rate of (1.2)%. The Company’s income tax expense of $0.6 million for the three months ended June 30, 2019 reflects an effective tax rate of (2.7)%. The tax expense for the three months ended June 30, 2020 relates to foreign income taxes partially offset by discrete items. The majority of the tax expense for the three months ended June 30, 2019 relates to foreign income taxes and discrete items. The Company’s income tax expense of $0.5 million for the six months ended June 30, 2020 reflects an effective tax rate of (1.6)%. The Company’s income tax expense of $0.3 million for the six months ended June 30, 2019 reflects an effective tax rate of (0.7)%. The majority of the tax expense for the six months ended June 30, 2020 and 2019 relates to foreign income taxes and discrete items. The CARES Act was signed into federal law on March 27, 2020. The CARES Act is an emergency economic stimulus package in response to the Coronavirus outbreak, which among other things contains numerous income tax provisions. Some of these tax provisions are expected to be effective retroactively for years ending before the date of enactment. However, the Company does not anticipate these benefits will have a material financial impact.

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.

Loss Per Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

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):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net loss	$	(23,268)	$	(22,485)	$	(35,266)	$	(51,612)
Net income attributable to non-controlling interests	8		57		48		88
Net loss attributable to JAKKS Pacific, Inc.	(23,276)		(22,542)		(35,314)		(51,700)
Preferred stock dividend	312		—		619		—
Net loss attributable to common stockholders	$	(23,588)	$	(22,542)	$	(35,933)	$	(51,700)
Weighted average common shares outstanding - basic and diluted	3,064		2,360		3,043		2,358
Loss per share available to common stockholders - basic and diluted	$	(7.70)	$	(9.55)	$	(11.81)	$	(21.93)

Basic earnings 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 for the three and six months ended June 30, 2019 excludes 311,284 shares repurchased pursuant to a prepaid forward share repurchase agreement associated with the issuance of the convertible senior notes due 2020. These shares were retired on September 13, 2019. 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 4,355,969 and 4,320,833 for the three and six months ended June 30, 2020, respectively. 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 2,767,554 for the three and six months ended June 30, 2019.

Common Stock and Preferred Stock

6 Months Ended

Jun. 30, 2020

Common Stock and Preferred Stock

Common Stock

Effective July 9, 2020, the Company completed a 1 for 10 reverse stock split of its $0.001 par value common stock. All common stock and price per share amounts in this report have been restated to reflect the 1 for 10 reverse stock split. The Reverse Stock Split did not cause an adjustment to the par value or the authorized shares of the common stock. All share and per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to this Reverse Stock Split, including reclassifying an amount equal to the reduction in par value of common stock to additional paid-in capital. The primary reason for implementing the Reverse Stock Split was to regain compliance with the minimum bid price requirement of Nasdaq. On July 31, 2020, the Company was notified by Nasdaq that it had regained compliance with the Nasdaq listing requirements.

In June 2014, the Company effectively repurchased 311,284 shares of its common stock at an average cost of $77.10 per share for an aggregate amount of $24.0 million pursuant to a prepaid forward share repurchase agreement entered into with Merrill Lynch International (“ML”). These repurchased shares are treated as retired for basic and diluted EPS purposes although they remain legally outstanding. The Company reflects the aggregate purchase price as a reduction to stockholders’ equity classified as Treasury Stock. The Company reflected the aggregate purchase price of its common shares repurchased as a reduction to stockholders’ equity allocated to treasury stock. On September 13, 2019, ML returned the shares to the Company. The Company subsequently retired the shares which had no impact to the Company’s stockholder’s equity.

In January 2019, the Company was obligated to issue an aggregate of 306,122 shares of restricted stock at a value of approximately $4.5 million to two executive officers pursuant to the applicable employment contracts. The shares were not issued at that time due to insufficient shares available in the 2002 Stock Award and Incentive Plan. Such shares were subsequently approved by the Company's shareholders and issued in July 2019. In addition, an aggregate of 32,823 shares of restricted stock at an aggregate value of approximately $0.5 million were issued to its six non-employee directors. In August 2019, the Board resolved to accelerate and immediately vest upon closing of the Recapitalization Transaction, 16,417 shares of the annual stock compensation granted to resigning members of the Board on January 1, 2019. Each resigning Board member forfeited the remaining balance of the annual stock compensation granted on January 1, 2019, or an aggregate of 5,470 shares. The remaining 10,936 shares of restricted stock vested in January 2020.

During the first quarter of 2019, certain employees, including two executive officers surrendered an aggregate of 16,670 shares of restricted stock for approximately $249,000 to cover income taxes due on the vesting of restricted shares.

During the second quarter of 2019, an executive officer surrendered an aggregate of 2,428 shares of restricted stock for approximately $25,000 to cover income taxes due on the vesting of restricted stock units.

On August 9, 2019, in connection with the Recapitalization Transaction (see Note 5 - Debt), the Company issued to the Investor Parties, in the aggregate, 585,300 shares of Common Stock valued at $4.2 million on the date of issuance. (the "New Common Equity").

In January 2020, the Company issued an aggregate of 70,421 shares of restricted stock at a value of approximately $0.7 million to two executive officers, which vest, in four equal annual installments over four years.

During the first quarter of 2020, certain employees, including two executive officers surrendered an aggregate of 16,640 shares of restricted stock for $172,000 to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 26,214 shares of restricted stock granted in 2017 with a value of approximately $270,000 was forfeited during the first quarter of 2020.

During the second quarter of 2020, certain employees surrendered an aggregate of 246 shares of restricted stock for $1,526 to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 26,214 shares of restricted stock granted in 2017 with a value of approximately $163,000 was forfeited during the second quarter of 2020.

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 three and six months ended June 30, 2020 or 2019.

Preferred Stock

On August 9, 2019, in connection with the Recapitalization Transaction (see Note 5 - Debt), the Company issued 200,000 shares of Series A Senior Preferred Stock (the “Series A Preferred Stock”), $0.001 par value per share, to the Investor Parties (the “New Preferred Equity”). As of June 30, 2020 and December 31, 2019, 200,000 shares of Series A Preferred Stock were outstanding.

Each share of Series A Preferred Stock has an initial value of $100 per share, which is automatically increased for any accrued and unpaid dividends (the “Accreted Value”).

The Series A Preferred Stock has the right to receive dividends on a quarterly basis equal to 6.0% per annum, payable in cash or, if not paid in cash, by an automatic accretion of the Series A Preferred Stock. No dividends have been declared or paid. For the three and six months ended June 30, 2020, the Company recorded $312,000 and $619,000 of preferred stock dividends as an increase in the value of the Series A Preferred Stock, respectively.

The Series A Preferred Stock has no stated maturity, however, the Company has the right to redeem all or a portion of the Series A Preferred Stock at its Liquidation Preference (as defined below) at any time after payment in full of the New Term Loan. In addition, upon the occurrence of certain change of control type events, holders of the Series A Preferred Stock are entitled to receive an amount (the “Liquidation Preference”), in preference to holders of Common Stock or other junior stock, equal to (i) 20% of the Accreted Value in the case of a certain specified transaction, or (ii) otherwise, 150% of the Accreted value, plus any accrued and unpaid dividends.

The Company has the right, but is not required, to repurchase all or a portion of the Series A Preferred Stock at its Liquidation Preference at any time after payment in full of the New Term Loan (see Note 5 - Debt).

The Series A Preferred Stock does not have any voting rights, except to the extent required by the Delaware General Corporation Law, except for the exclusive right to elect the Series A Preferred Directors (as described below) and except for certain approval rights over certain transactions (as described below). These approval rights require the prior consent of specified percentages of holders (or in certain cases, all holders) of the Series A Preferred Stock in order for the Company to take certain actions, including the issuance of additional shares of Series A Preferred Stock or parity stock, the issuance of senior stock, certain amendments to the Amended and Restated Certificate of Incorporation, the Certificate of Designations of the Series A Preferred Stock (the “Certificate of Designations”), the Second Amended and Restated By-laws or the Amended and Restated Nominating and Corporate Governance Committee Charter, material changes in the Company’s line of business and certain change of control type transactions. In addition, the Certificate of Designations provides that the approval of at least six directors is required for any related person transaction within the meaning of Item 404 of Regulation S-K under the Securities Act of 1933, as amended, including, without limitation, the adoption of, or any amendment, modification or waiver of, any agreement or arrangement related to any such transaction. The Certificate of Designations also includes restrictions on the ability of the Company to pay dividends on or make distributions with respect to, or redeem or repurchase, shares of Common Stock or other junior stock. In addition, holders of the Series A Preferred Stock have preemptive rights regarding future issuance of Series A Preferred Stock or parity stock.

In addition, the Certificate of Designations provides the holders of Series A Preferred Stock certain board representation rights. The Certificate of Designations provides, among other things, that, for so long as at least 50,000 shares of Series A Preferred Stock remain outstanding, (i) the holders of a majority of the outstanding shares of Series A Preferred Stock have the sole right to nominate candidates to serve as the Series A Preferred Directors and (ii) the holders of shares of Series A Preferred Stock, voting as a separate class, have the right to elect two individuals to serve as the Series A Preferred Directors. From and after (i) the first annual meeting of stockholders occurring after less than 50,000 shares of Series A Preferred Stock remain outstanding, the holders of Series A Preferred Stock will only have the right to nominate and elect one Series A Preferred Director, and (ii) the time no shares of Series A Preferred Stock remain outstanding, the holders of Series A Preferred Stock will no longer have the right to nominate or elect any Series A Preferred Directors. The Series A Preferred Directors will serve for terms ending at the annual meeting of stockholders in 2023 and for successive three-year terms thereafter (until no shares of Series A Preferred Stock remain outstanding), and as of such time as the proposal to amend the Certificate of Incorporation to classify the Board into three classes, designated Class I, Class II and Class III, with staggered three-year terms, the Series A Preferred Directors shall be deemed to serve in Class III. The number of directors elected by the holders of the Company’s Common Stock and the number of Series A Preferred Directors is fixed and cannot be amended without the approval of holders of a majority of the outstanding Common Stock and holders of at least 80% of the outstanding shares of Series A Preferred Stock, each voting as a separate class.

The Series A Preferred Stock redemption amount is contingent upon certain events with no stated redemption date as of the reporting date, although may become redeemable in the future. In accordance with the SEC guidance within ASC Topic 480, Distinguishing Liabilities from Equity: Classification and Measurement of Redeemable Securities, the Company classified the Series A Preferred Stock as temporary equity as the Series A Preferred Stock contains a redemption feature which is contingent upon certain deemed liquidation events, the occurrence of which may not solely be within the control of the Company.

Under ASC 815, Derivatives and Hedging, certain contractual terms that meet the accounting definition of a derivative must be accounted for separately from the financial instrument in which they are embedded. The Company has concluded that the redemption upon a change of control and the repurchase option by the Company constitute embedded derivatives.

The embedded redemption upon a change of control must be accounted for separately from the Series A Preferred Stock. The redemption provision specifies if certain events that constitute a change of control occur; the Company may be required to settle the Series A Preferred Stock at 150% of its accreted amount. Accordingly, the redemption provision meets the definition of a derivative, and its economic characteristics are not considered clearly and closely related to the economic characteristics of the Series A Preferred Stock, which is considered more akin to a debt instrument than equity.

Accordingly, these two embedded derivatives are required to be bundled into a single derivative instrument and accounted for separately from the Series A Preferred Stock at fair value.

The Company considers the repurchase option to have no value as the likelihood is remote that this event, within the Company’s control, would ever occur. On August 9, 2019 the Company determined that the fair value of the redemption provision upon a change of control was $4.9 million and recorded as a long term liability. In subsequent periods, the liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations. The value of the redemption provision explicitly considered the present value of the potential premium that would be paid related to, and the probability of, an event that would trigger its payment. The probability of a triggering event was based on management’s estimates of the probability of a change of control event occurring.

As of June 30, 2020, the Series A Preferred Stock is recorded in temporary equity at the amount of accrued, but unpaid dividends of $1.1 million, and the redemption provision, as a bifurcated derivative, is recorded as a long term liability with an estimated value of $3.2 million.

The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity:


	2020
Balance, January 1,	$	483
Preferred stock accrued dividends	307
Balance, March 31,	790
Preferred stock accrued dividends	312
Balance, June 30,	$	1,102

Joint Ventures	6 Months Ended
Joint Ventures	Jun. 30, 2020
Equity Method Investments and Joint Ventures [Abstract]
Joint Ventures	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 six months ended June 30, 2020, the Company recognized income from the joint venture of nil and $2,000, respectively. For the three and six months ended June 30, 2019, the Company recognized income from the joint venture of nil. As of June 30, 2020 and December 31, 2019, the balance of the investment in the Pacific Animation Partners joint venture is nil. 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 $8,000 and $57,000 for the three months ended June 30, 2020 and 2019, respectively, and $48,000 and $88,000 for the six months ended June 30, 2020 and 2019, respectively. In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited ("Meisheng"), a Hong Kong-based subsidiary of Meisheng Culture & Creative Corp., for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows. JAKKS and 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 Culture & Creative Corp. will oversee through the Company’s existing distribution joint venture. The results of operations of the joint venture are consolidated with the Company's results. The non-controlling interest’s share of the income from the joint venture for the three and six months ended June 30, 2020 and 2019 was nil. As of June 30, 2020, Meisheng beneficially owns more than 10% of the Company’s outstanding common stock. In March 2017, the Company entered into an equity purchase agreement with Meisheng which provided, among other things, that as long as Meisheng and its affiliates hold 10% or more of the issued and outstanding shares of common stock of the Company, Meisheng shall have the right from time to time to designate a nominee (who currently is Mr. Xiaoqiang Zhao) for election to the Company’s board of directors. Meisheng also serves as a significant manufacturer of the Company. In the first quarter of 2019, Meisheng acquired New Time Group, which was a third-party manufacturer of the Company. For the three and six months ended June 30, 2020, the Company made inventory-related payments to Meisheng of approximately $14.0 million and $23.0 million, respectively. For the three and six months ended June 30, 2019, the Company made inventory-related payments to Meisheng of approximately $23.0 million and $25.2 million, respectively. As of June 30, 2020 and December 31, 2019, amounts due to Meisheng for inventory received by the Company, but not paid totaled $14.4 million and $18.1 million, respectively.

Goodwill	6 Months Ended
Goodwill	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill 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 six months ended June 30, 2020. As of June 30, 2020, $35.1 million of goodwill was allocated to the Toys/Consumer Products reporting unit, which had a negative carrying value.

Intangible Assets Other Than Goodwill

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

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 June 30, 2020 and December 31, 2019 include the following (in thousands, except for weighted useful lives):


		June 30, 2020										December 31, 2019
	Weighted Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
	(Years)
Amortized Intangible Assets:
Licenses	5.81	$	20,130	$	(20,130)	$	—	$	20,130	$	(19,988)	$	142
Product lines	10.36	4,846		(2,308)		2,538		4,846		(1,800)		3,046
Customer relationships	4.90	3,152		(3,152)		—		3,152		(3,152)		—
Trade names	5.00	3,000		(3,000)		—		3,000		(3,000)		—
Non-compete agreements	5.00	200		(200)		—		200		(200)		—
Total amortized intangible assets		$	31,328	$	(28,790)	$	2,538	$	31,328	$	(28,140)	$	3,188
Unamortized Intangible Assets:
Trademarks		$	300	$	—	$	300	$	300	$	—	$	300

Comprehensive Loss

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Comprehensive Loss

The table below presents the components of the Company’s comprehensive loss for the three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Loss	$	(23,268)	$	(22,485)	$	(35,266)	$	(51,612)
Other comprehensive income (loss):
Foreign currency translation adjustment	81		(450)		(1,553)		853
Comprehensive loss	(23,187)		(22,935)		(36,819)		(50,759)
Less: Comprehensive income attributable to non-controlling interests	8		57		48		88
Comprehensive loss attributable to JAKKS Pacific, Inc.	$	(23,195)	$	(22,992)	$	(36,867)	$	(50,847)

Litigation and Contingencies	6 Months Ended
Litigation and Contingencies	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Litigation and Contingencies	Litigation and Contingencies 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. The Company accrues for losses when the loss is deemed probable and the liability can reasonably be estimated. Where a liability is probable and there is a range of estimated loss with no best estimate in the range, the Company records the minimum estimated liability related to the claim. As additional information becomes available, the Company assesses the potential liability related to its pending litigation and revises its estimates. In the normal course of business, the Company may provide certain indemnifications and/or other commitments of varying scope to a) its licensors, customers and certain other parties, including against third party claims of intellectual property infringement, and b) its officers, directors and employees, including against third party claims regarding the periods in which they serve in such capacities with the Company. The duration and amount of such obligations is, in certain cases, indefinite. The Company's director’s and officer’s liability insurance policy may, however, enable it to recover a portion of any future payments related to its officer, director or employee indemnifications. For the past five years, costs related to director and officer indemnifications have not been significant. Other than certain liabilities recorded in the normal course of business related to royalty payments due the Company's licensors, no liabilities have been recorded for indemnifications and/or other commitments.

Share-Based Payments

6 Months Ended

Jun. 30, 2020

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 18 to the Consolidated Financial Statements in the Company’s 2019 Annual Report on Form 10-K.

The following table summarizes the total share-based compensation expense recognized for the three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Share-based compensation expense	$	714	$	397	$	966	$	1,015

Restricted Stock Awards

Restricted stock award activity (including those with performance-based vesting criteria) for the six months ended June 30, 2020 is summarized as follows:


	Restricted Stock Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2019	559,307	$	16.00
Awarded	70,421	10.30
Vested	(69,440)	21.76
Forfeited	(52,427)	32.20
Outstanding, June 30, 2020	507,861	12.75

As of June 30, 2020, there was $3.1 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 2.17 years.

Restricted Stock Units

Restricted stock unit activity (including those with performance-based vesting criteria) for the six months ended June 30, 2020 is summarized as follows:


	Restricted Stock Units
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2019	102,718	$	23.40
Awarded	—	—
Vested	(7,960)	51.50
Forfeited	(29,410)	42.79
Outstanding, June 30, 2020	65,348	11.25

As of June 30, 2020, there was $0.4 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 0.98 years.

Fair Value Measurements

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

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:


Level 1:			Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities.
Level 2:			Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities.
Level 3:			Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities.

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 the Company's financial liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 (in thousands):


	Carrying Amount as of June 30, 2020		Fair Value Measurements as of June 30, 2020
					Level 1			Level 2			Level 3
3.25% convertible senior notes due in 2023	$	42,257	$	—		$	—		$	42,257
Preferred stock derivative liability	3,164		—			—			3,164


	Carrying Amount as of December 31, 2019		Fair Value Measurements as of December 31, 2019
					Level 1			Level 2			Level 3
3.25% convertible senior notes due in 2023	$	50,753	$	—		$	—		$	50,753
Preferred stock derivative liability	5,247		—			—			5,247

The following tables provide a reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


3.25% convertible senior notes due in 2023	2020
Balance, January 1,	$	50,753



Conversion of convertible senior notes	(9,473)
Change in fair value	52
Payment-in-kind interest	925
Balance, June 30,	$	42,257


Preferred stock derivative liability	2020
Balance, January 1,	$	5,247


Change in fair value	(2,083)
Balance, June 30,	$	3,164

The Company’s derivative liability is classified within Level 3 of the fair value hierarchy because unobservable inputs were used in estimating the fair value. The fair value of the redemption provision embedded in the Series A Preferred Stock is estimated based on a discounted cash flow model and probability assumptions based on management’s estimates of a change of control event occurring. In subsequent periods, the derivative liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations.

The Company’s accounts receivable, accounts payable, and accrued expenses represent financial instruments. The carrying value of these financial instruments is a reasonable approximation of fair value.

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.

Information by Segment and Reconciliation to Reported Amounts

Related Party Transactions	6 Months Ended
Related Party Transactions	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions A former director of the Company, who resigned on August 9, 2019 is a partner in a law firm that acts as counsel to the Company. The Company incurred legal fees and expenses to the law firm in the amount of approximately $0.3 million and $0.6 million for the three and six months ended June 30, 2019, respectively. As of December 31, 2019, legal fees and reimbursable expenses of $0.1 million were payable to this law firm. The owner of NantWorks, the Company’s DreamPlay Toys joint venture partner, beneficially owned more than 5.0% of the Company’s outstanding common stock. Pursuant to the joint venture agreements, the Company was obligated to pay NantWorks a preferred return on joint venture sales. This agreement expired on September 30, 2018. The owner of NantWorks sold all of its holdings of the Company's shares on December 30, 2019. For the year ended December 31, 2019, preferred returns earned and payable to NantWorks was nil. Pursuant to the amended Toy Services Agreement, NantWorks is entitled to receive a renewal fee in the amount $1.2 million payable in installments of $0.8 million paid on the effective date of the renewal in 2015 and $0.2 million on or before each of August 1, 2016 and 2017. As of June 30, 2020 and December 31, 2019, the Company's receivable balance from NantWorks was nil. In addition, the Company previously leased office space from NantWorks. Rent expense, including common area maintenance and parking, was nil for the three and six months ended June 30, 2020 and 2019. In November 2014, the Company entered into a joint venture with Meisheng Cultural & Creative Corp., Ltd., 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 top 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 $8,000 and $57,000 for the three months ended June 30, 2020 and 2019, respectively, and $48,000 and $88,000 for the six months ended June 30, 2020 and 2019, respectively. In October 2016, the Company entered into a joint venture with Meisheng, a Hong Kong-based subsidiary of Meisheng Culture & Creative Corp., for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows. JAKKS and 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 Culture & Creative Corp. will oversee through the Company’s existing distribution joint venture. The results of operations of the joint venture are consolidated with the Company's results. The non-controlling interest’s share of the income from the joint venture for the three and six months ended June 30, 2020 and 2019 was nil. As of June 30, 2020, Meisheng beneficially owns more than 10% of the Company’s outstanding common stock. In March 2017, the Company entered into an agreement to issue 366,089 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 Culture & Creative Corp as a non-employee director and issued 1,332 shares of restricted stock at a value of $0.1 million, which vested in January 2018. In 2018, the Company issued 4,158 shares of restricted stock at a value of $0.1 million to the non-employee director, which vested in January 2019. In 2019, the Company issued 5,471 shares of restricted stock at a value of $0.1 million to the non-employee director, which vested in January 2020. Meisheng also serves as a significant manufacturer of the Company. In the first quarter of 2019, Meisheng acquired New Time Group, which was a third-party manufacturer of the Company. For the three and six months ended June 30, 2020, the Company made inventory-related payments to Meisheng of approximately $14.0 million and $23.0 million, respectively. For the three and six months ended June 30, 2019, the Company made inventory-related payments to Meisheng of approximately $23.0 million and $25.2 million, respectively. As of June 30, 2020 and December 31, 2019, amounts due to Meisheng for inventory received by the Company, but not paid totaled $14.4 million and $18.1 million, respectively. A director of the Company is a portfolio manager at Oasis Management. In August 2017, the Company agreed with Oasis Management and Oasis Investments II Master Fund Ltd., the holder of approximately $21.6 million face amount of its 4.25% convertible senior notes due in 2018, to exchange and extend the maturity date of these notes to November 1, 2020. The transaction closed on November 7, 2017. In July 2018, the Company closed a transaction with Oasis Management and Oasis Investments II Master Fund Ltd., 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 in November 2017. In August 2019, the Company entered into the Recapitalization Transaction. In connection with the Recapitalization Transaction, the Company issued (i) amended and restated notes with respect to the $21.6 million Oasis Note issued on November 7, 2017, and the $8.0 million Oasis Note issued on July 26, 2018, and (ii) a new $8.0 million convertible senior note having the same terms as such amended and restated notes. Interest on the New Oasis Notes is payable on each May 1 and November 1 until maturity and accrues at an annual rate of (i) 3.25% if paid in cash or 5.00% if paid in stock plus (ii) 2.75% payable in kind. The New Oasis Notes mature 91 days after the amounts outstanding under the New Term Loan are paid in full, and in no event later than July 3, 2023. A director of the Company is a director at Benefit Street Partners. Benefit Street Partners funded $25.8 million of the New Term Loan issued in connection with the Recapitalization Transaction (see Note 5 - Debt). Amounts outstanding under the New Term Loan accrue interest at 10.50% per annum, payable semi-annually (with 8% per annum payable in cash and 2.5% per annum payable in kind). The New Term Loan matures on February 9, 2023. A director of the Company is the managing Partner and portfolio manager at Axar Capital Management. Axar Capital Management funded $26.3 million of the New Term Loan issued in connection with the Recapitalization Transaction (see Note 5 - Debt). Amounts outstanding under the New Term Loan accrue interest at 10.50% per annum, payable semi-annually (with 8% per annum payable in cash and 2.5% per annum payable in kind). The New Term Loan matures on February 9, 2023.

Basis of Presentation (Policies)	6 Months Ended
Basis of Presentation (Policies)	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	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 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, 2019. 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.
Reclassification	Effective July 9, 2020, the Company completed a 1 for 10 reverse stock split of its $0.001 par value common stock reducing the issued and outstanding shares of common stock from 42,395,782 to 4,239,578 (“Reverse Stock Split”). The Reverse Stock Split did not cause an adjustment to the par value or the authorized shares of the common stock. All share and per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to the Reverse Stock Split, including reclassifying an amount equal to the reduction in par value of common stock to additional paid-in capital. The primary reason for implementing the Reverse Stock Split was to regain compliance with the minimum bid price requirement of The NASDAQ Stock Market LLC (“Nasdaq”). On July 31, 2020, the Company was notified by Nasdaq that it had regained compliance with the Nasdaq listing requirements.
Recent Accounting Pronouncements	In June 2016, the FASB issued ASU 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The new standard was initially effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November 2019, the FASB issued ASU 2019-10 which deferred the effective date of ASU 2016-13 by three years for Smaller Reporting Companies. As a result, the effective date for the standard is fiscal years beginning after December 15, 2022, and interim periods therein, and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-13 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 adoption of this standard did not have an impact on the Company’s condensed consolidated financial statements. In October 2018, the FASB issued ASU 2018-17, "Consolidation: Targeted Improvements to Related Party Guidance for Variable Interest Entities," which improves the accounting for variable interest entities by considering indirect interests held through related parties under common control for determining whether fees paid to decision makers and service providers are variable interests. This new standard is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The amendments are required to be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. Early adoption is permitted. The adoption of this standard did not have an impact on the Company's condensed consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Simplifying the Accounting for Income Taxes,” which simplifies the accounting for income taxes related to the approach for intraperiod tax allocation, the methodology for calculating income taxes in an interim period, and the recognition of deferred tax assets for investments. The guidance also reduces complexity in certain areas, including the accounting for transactions that result in a step-up in the tax basis of goodwill and allocating taxes to members of a consolidated group. This new standard is effective for the Company for fiscal years beginning January 1, 2021, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this new guidance will have on its condensed consolidated financial statements.
Going Concern and Liquidity	Going Concern and Liquidity On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus originating in Wuhan, China (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally. The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. As such, it is uncertain as to the full magnitude that the pandemic will have on the Company’s financial condition, liquidity, and future results of operations. Management is actively monitoring the global situation and the resulting impact on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, it is extremely challenging for the Company to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, and liquidity for fiscal years 2020 and 2021. The first half of fiscal year 2020 has seen the full spectrum of stay-at-home orders and retail closures to reduced retailer hours and focus on “essential” items to some markets trying to take a business-as-usual approach. In addition, published data has indicated a similar wide range in some toy categories significantly outperforming last year’s comparable period sales while others lag behind, which is at least partly due to drastic changes in purchase occasions (e.g., staying at home with family in the backyard vs. attending a school acquaintance’s birthday party). Although the Company cannot estimate the length or gravity of the impact of the COVID-19 outbreak at this time, it is likely the pandemic will have a material adverse effect on the Company’s sales expectations for fiscal year 2020. In mid-March 2020, the Company began migrating to a work-from-home model in compliance with local guidance. In early April 2020, the Company began to reassess its revenue and expense projections for the year in an attempt to anticipate decreases in customer and consumer demand based on the uncertainty associated with the economic impact of the pandemic. In parallel, the Company began a review of worldwide spending to identify both short-term and long-term cost savings measures to preserve both profitability and liquidity in light of the potential for decreased product demand. By late April 2020, the Company had identified new revenue and spending objectives for the year 2020 and synchronized those expectations across the senior leadership team. It is the Company’s intention to carefully monitor the pandemic’s impact across markets, channels and customers and strike the right balance of pursuing opportunity while minimizing risk to the Company’s long-term health. On March 27, 2020, President Trump signed into law the “Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer-side social security payments, net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. The Company continues to monitor and explore any relevant government assistance programs that could support either cash liquidity or operating results in the short-medium term. As of the filing of this document, the Company continues to have no draw down on its credit facility with Wells Fargo. On June 12, 2020, the Company received a $6.2 million loan (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) within the CARES Act. The PPP Loan matures on June 2, 2022 and is subject to the CARES Act terms which include, among other terms, an interest rate of 1.00% per annum and monthly installment payments of $261,275 commencing on December 1, 2020. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The PPP Loan is subject to events of default and other provisions customary for a loan of this type. The application for the loan required the Company to, in good faith, certify that the current economic uncertainty made the loan request necessary to support the ongoing operations of the Company. This certification further required the Company to take into account its current business activity and its ability to access other sources of liquidity sufficient to support ongoing operations in a manner that is not significantly detrimental to the business. The PPP Loan may be forgiven, partially or in full, if certain conditions are met, principally based on having been disbursed for permissible purposes and maintaining certain average levels of employment and payroll as required by the CARES Act. The forgiveness of the loan is also dependent on the Company having initially qualified for the loan. It is the Company’s intention to use the proceeds of the PPP loan to support payroll and rent expenses over the six months following the receipt of the loan in accordance with the guidelines of the program, and to apply for forgiveness for a portion of the loan at the end of this time period. It is unknown whether any forgiveness will be granted. As a result, the Company is taking the approach that a portion of this loan is short-term and a portion is long-term, and has reflected that borrowing on the balance sheet, as appropriate. On April 23, 2020, the Small Business Administration issued new guidance that questioned whether a public company with substantial market value and access to capital markets would qualify to participate in the PPP. Subsequently, on April 28, 2020 the Secretary of the Treasury and Small Business Administrator announced that the government will review all PPP loans of more than $2 million for which the borrower applies for forgiveness. If the Company were to be audited and receive an adverse finding in such audit, the Company could be required to return the full amount of the PPP loan, which could reduce its liquidity, and potentially subject itself to fines and penalties. As of June 30, 2020 and December 31, 2019, the Company held cash and cash equivalents, including restricted cash, of $52.7 million and $66.3 million, respectively. Cash, and cash equivalents, including restricted cash held outside of the United States in various foreign subsidiaries totaled $24.7 million and $27.0 million as of June 30, 2020 and December 31, 2019, respectively. The cash and cash equivalents, including restricted cash balances in the Company's 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 June 30, 2020. The Company’s primary sources of working capital are cash flows from operations and borrowings under its credit facility (see Note 6 - Credit Facilities). 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 and in securing commercially-attractive licenses, (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. As of June 30, 2020, the Company has substantial indebtedness including $134.8 million of outstanding indebtedness under a First Lien Term Loan Facility Credit Agreement (the “New Term Loan Agreement”). As of June 30, 2020, the Company has no outstanding indebtedness under an amended and extended Credit Agreement (the “Amended ABL Credit Agreement” or “Amended Wells Fargo Credit Agreement”) with Wells Fargo Bank, National Association (“Wells Fargo”). The Company also has the aforementioned PPP loan of $6.2 million secured under the CARES Act program. The New Term Loan Agreement and Amended ABL each contain negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates, as well as cross-default provisions. The Company secured the appropriate waivers from both parties before receiving the proceeds of the PPP loan. Commencing with the fiscal quarter ending September 30, 2020, the Company is also required to maintain a minimum Earnings Before Interest Tax Depreciation and Amortization (“EBITDA") of not less than $34.0 million over the previous twelve months and a minimum liquidity of not less than $10.0 million. The New Term Loan Agreement contains events of default that are customary for a facility of this nature, including nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to other material indebtedness, bankruptcy or insolvency events, material judgment defaults and a change of control as specified in the New Term Loan Agreement, and cross-default provisions with the Amended Wells Fargo Credit Agreement. If an event of default occurs under either Agreement, the maturity of the amounts owed under the New Term Loan Agreement and the Amended Wells Fargo Credit Agreement may be accelerated. The Company was in compliance with the financial covenants under the New Term Loan Agreement as of June 30, 2020. However, given the current uncertainties created by the COVID-19 pandemic, it is probable that the Company will not achieve the minimum EBITDA threshold required under the New Term Loan Agreement at September 30, 2020. Failure to satisfy such requirement would constitute an event of default under the New Term Loan Agreement and Amended ABL Credit Agreement unless the lenders agree to waive compliance with such requirement. The Company’s ability to fund operations and retire debt when due is dependent on a number of factors, some of which are beyond the Company's control and/or inherently difficult to estimate, including the Company's future operating performance and the factors mentioned above, among other risks and uncertainties. To the extent the Company is unable to fund its operations or retire debt when due, no assurances can be given that the Company will have the financial resources required to obtain, or that the conditions of the capital markets will support, any future debt or equity financings, which could have a material adverse impact on the Company’s business, results of operations and financial condition. These conditions raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued. The Company plans to negotiate waivers or obtain other accommodations to the satisfaction of its existing lenders, inclusive of Wells Fargo, the Term Loan group and the Company’s unsecured creditors. Although the lenders under the existing credit facilities may waive such covenants or provide other accommodations in event of default, they are not obligated to do so. The Company cannot make any assurances regarding the likelihood or certainty in being successful in obtaining these waivers in the event the Company is unable to achieve the minimum EBITDA threshold. Failure to obtain such a waiver would have a material adverse effect on the Company’s liquidity, financial condition and results of operations. The Company’s Condensed Consolidated Financial Statements as of June 30, 2020 are being prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. They do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern.
Revenue Recognition	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: Toys/Consumer Products 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 20% 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.

Business Segments, Geographic Data, and Sales by Major Customers (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Information by segment and a reconciliation to reported amounts for the three and six months ended June 30, 2020 and 2019 and as of June 30, 2020 and December 31, 2019 are as follows (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Sales
Toys/Consumer Products	$	56,214	$	58,795	$	118,779	$	125,981

Halloween	22,544		36,387		26,536		40,027
	$	78,758	$	95,182	$	145,315	$	166,008


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Loss from Operations
Toys/Consumer Products	$	(5,611)	$	(13,604)	$	(18,350)	$	(33,481)

Halloween	(4,135)		(5,045)		(7,382)		(9,209)
	$	(9,746)	$	(18,649)	$	(25,732)	$	(42,690)


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Depreciation and Amortization Expense
Toys/Consumer Products	$	2,292	$	3,191	$	4,116	$	6,328

Halloween	287		1,048		345		1,145
	$	2,579	$	4,239	$	4,461	$	7,473


	June 30, 2020		December 31, 2019
Assets
Toys/Consumer Products	$	263,364	$	356,584

Halloween	37,056		8,638
	$	300,420	$	365,222

Information by Geographic Area

The following tables present information about the Company by geographic area as of June 30, 2020 and December 31, 2019 and for the three and six months ended June 30, 2020 and 2019 (in thousands):


	June 30, 2020		December 31, 2019
Long-lived Assets
United States	$	26,709	$	31,175
China	13,869		11,461
Hong Kong	2,428		2,937
United Kingdom	1,423		1,633
Canada	109		134
Mexico	85		—
	$	44,623	$	47,340


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Sales by Customer Area
United States	$	66,777	$	82,409	$	118,695	$	139,967
Europe	5,761		6,546		13,379		13,737
Canada	2,684		2,182		5,032		4,742
Asia	1,462		1,876		3,232		3,467
Australia & New Zealand	802		782		2,333		1,688
Latin America	1,082		1,071		2,082		1,936
Middle East & Africa	190		316		562		471
	$	78,758	$	95,182	$	145,315	$	166,008

Net Sales to Major Customers

Net sales to major customers for the three and six months ended June 30, 2020 and 2019 were as follows (in thousands, except for percentages):


	Three Months Ended June 30,														Six Months Ended June 30,
	2020						2019						2020				2019
	Amount		Percentage of Net Sales		Amount		Percentage of Net Sales		Amount		Percentage of Net Sales		Amount		Percentage of Net Sales
Wal-Mart	$	22,208	28.2	%	$	29,709	31.2	%	$	40,718	28.0	%	$	51,818	31.2	%
Target	18,929		24.0		14,016		14.7		33,544		23.1		26,195		15.8
	$	41,137	52.2	%	$	43,725	45.9	%	$	74,262	51.1	%	$	78,013	47.0	%

Inventory (Tables)

6 Months Ended

Jun. 30, 2020

Inventory Disclosure [Abstract]

Net of Inventory Obsolescence Reserve


	June 30, 2020		December 31, 2019
Raw materials	$	148	$	144
Finished goods	57,533		54,115
	$	57,681	$	54,259

Debt (Tables)

6 Months Ended

Jun. 30, 2020

Debt Disclosure [Abstract]

Summary of Debt Outstanding

Convertible senior notes consist of the following (in thousands):


	June 30, 2020		December 31, 2019

4.875% convertible senior notes due 2020	$	—	$	1,905

3.25% convertible senior notes due 2023*	42,257		50,753
Total convertible senior notes	$	42,257	$	52,658

Term loan consists of the following (in thousands):


	June 30, 2020										December 31, 2019
	Principal Amount**		Debt Discount/ Issuance Costs*		Net Amount		Principal Amount**		Debt Discount/ Issuance Costs*		Net Amount
Term Loan	$	134,801	$	(10,407)	$	124,394	$	134,801	$	(12,319)	$	122,482

* The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are being amortized over the life of the term loan.

** The amount presented excludes accrued, but unpaid, payment-in-kind interest of $3.1 million and $1.3 million as of June 30, 2020 and December 31, 2019, respectively.

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.

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Computation of Income (Loss) Per Share

Loss Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Earnings Per Share [Abstract]

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):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net loss	$	(23,268)	$	(22,485)	$	(35,266)	$	(51,612)
Net income attributable to non-controlling interests	8		57		48		88
Net loss attributable to JAKKS Pacific, Inc.	(23,276)		(22,542)		(35,314)		(51,700)
Preferred stock dividend	312		—		619		—
Net loss attributable to common stockholders	$	(23,588)	$	(22,542)	$	(35,933)	$	(51,700)
Weighted average common shares outstanding - basic and diluted	3,064		2,360		3,043		2,358
Loss per share available to common stockholders - basic and diluted	$	(7.70)	$	(9.55)	$	(11.81)	$	(21.93)

Common Stock and Preferred Stock (Tables)

6 Months Ended

Jun. 30, 2020

Schedule of Series A Preferred Stock

The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity:


	2020
Balance, January 1,	$	483
Preferred stock accrued dividends	307
Balance, March 31,	790
Preferred stock accrued dividends	312
Balance, June 30,	$	1,102

Intangible Assets Other Than Goodwill (Tables)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Indefinite-Lived Intangible Assets

Intangible assets as of June 30, 2020 and December 31, 2019 include the following (in thousands, except for weighted useful lives):


		June 30, 2020										December 31, 2019
	Weighted Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
	(Years)
Amortized Intangible Assets:
Licenses	5.81	$	20,130	$	(20,130)	$	—	$	20,130	$	(19,988)	$	142
Product lines	10.36	4,846		(2,308)		2,538		4,846		(1,800)		3,046
Customer relationships	4.90	3,152		(3,152)		—		3,152		(3,152)		—
Trade names	5.00	3,000		(3,000)		—		3,000		(3,000)		—
Non-compete agreements	5.00	200		(200)		—		200		(200)		—
Total amortized intangible assets		$	31,328	$	(28,790)	$	2,538	$	31,328	$	(28,140)	$	3,188
Unamortized Intangible Assets:
Trademarks		$	300	$	—	$	300	$	300	$	—	$	300

Schedule of Finite-Lived Intangible Assets

Intangible assets as of June 30, 2020 and December 31, 2019 include the following (in thousands, except for weighted useful lives):


		June 30, 2020										December 31, 2019
	Weighted Useful Lives	Gross Carrying Amount		Accumulated Amortization		Net Amount		Gross Carrying Amount		Accumulated Amortization		Net Amount
	(Years)
Amortized Intangible Assets:
Licenses	5.81	$	20,130	$	(20,130)	$	—	$	20,130	$	(19,988)	$	142
Product lines	10.36	4,846		(2,308)		2,538		4,846		(1,800)		3,046
Customer relationships	4.90	3,152		(3,152)		—		3,152		(3,152)		—
Trade names	5.00	3,000		(3,000)		—		3,000		(3,000)		—
Non-compete agreements	5.00	200		(200)		—		200		(200)		—
Total amortized intangible assets		$	31,328	$	(28,790)	$	2,538	$	31,328	$	(28,140)	$	3,188
Unamortized Intangible Assets:
Trademarks		$	300	$	—	$	300	$	300	$	—	$	300

Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2020

Components of Comprehensive Loss

The table below presents the components of the Company’s comprehensive loss for the three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Net Loss	$	(23,268)	$	(22,485)	$	(35,266)	$	(51,612)
Other comprehensive income (loss):
Foreign currency translation adjustment	81		(450)		(1,553)		853
Comprehensive loss	(23,187)		(22,935)		(36,819)		(50,759)
Less: Comprehensive income attributable to non-controlling interests	8		57		48		88
Comprehensive loss attributable to JAKKS Pacific, Inc.	$	(23,195)	$	(22,992)	$	(36,867)	$	(50,847)

Share-Based Payments (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Total Share-Based Compensation Expense and Related Tax Benefits Recognized

The following table summarizes the total share-based compensation expense recognized for the three and six months ended June 30, 2020 and 2019 (in thousands):


	Three Months Ended June 30,						Six Months Ended June 30,
	2020		2019		2020		2019
Share-based compensation expense	$	714	$	397	$	966	$	1,015

Restricted Stock Award Activity

Restricted stock award activity (including those with performance-based vesting criteria) for the six months ended June 30, 2020 is summarized as follows:


	Restricted Stock Awards
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2019	559,307	$	16.00
Awarded	70,421	10.30
Vested	(69,440)	21.76
Forfeited	(52,427)	32.20
Outstanding, June 30, 2020	507,861	12.75

Restricted Stock Unit Activity

Restricted stock unit activity (including those with performance-based vesting criteria) for the six months ended June 30, 2020 is summarized as follows:


	Restricted Stock Units
	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding, December 31, 2019	102,718	$	23.40
Awarded	—	—
Vested	(7,960)	51.50
Forfeited	(29,410)	42.79
Outstanding, June 30, 2020	65,348	11.25

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2020

Fair Value Disclosures [Abstract]

Financial Instruments Measured at Fair Value on Recurring Basis

The following tables summarize the Company's financial liabilities measured at fair value on a recurring basis as of June 30, 2020 and December 31, 2019 (in thousands):


	Carrying Amount as of June 30, 2020		Fair Value Measurements as of June 30, 2020
					Level 1			Level 2			Level 3
3.25% convertible senior notes due in 2023	$	42,257	$	—		$	—		$	42,257
Preferred stock derivative liability	3,164		—			—			3,164


	Carrying Amount as of December 31, 2019		Fair Value Measurements as of December 31, 2019
					Level 1			Level 2			Level 3
3.25% convertible senior notes due in 2023	$	50,753	$	—		$	—		$	50,753
Preferred stock derivative liability	5,247		—			—			5,247

Reconciliation of Beginning and Ending Balances of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)


3.25% convertible senior notes due in 2023	2020
Balance, January 1,	$	50,753



Conversion of convertible senior notes	(9,473)
Change in fair value	52
Payment-in-kind interest	925
Balance, June 30,	$	42,257


Preferred stock derivative liability	2020
Balance, January 1,	$	5,247


Change in fair value	(2,083)
Balance, June 30,	$	3,164

Basis of Presentation (Details)				1 Months Ended
Basis of Presentation (Details)	Sep. 30, 2020 USD ($)	Jul. 09, 2020 $ / shares shares	Jun. 12, 2020 USD ($)	Aug. 31, 2019 USD ($)	Jun. 30, 2020 USD ($) $ / shares shares	Jun. 29, 2020 shares	Dec. 31, 2019 USD ($) $ / shares shares	Jun. 30, 2019 USD ($)	Dec. 31, 2018 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, par value (in dollars per share) \| $ / shares					$ 0.001		$ 0.001
Common stock, shares issued (in shares) \| shares					4,239,578	42,395,782	3,521,037
Common stock, shares outstanding (in shares) \| shares					4,239,578	42,395,782	3,521,037
Cash and cash equivalents including restricted cash					$ 52,688,000		$ 66,286,000	$ 37,048,000	$ 58,205,000
Value of debt outstanding					42,257,000		52,658,000
Subsequent Event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, par value (in dollars per share) \| $ / shares		$ 0.001
Common stock, shares issued (in shares) \| shares		4,239,578
Common stock, shares outstanding (in shares) \| shares		4,239,578
Stock split conversion ratio		0.1
Paycheck Protection Program Loan \| Unsecured debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt instrument, face amount			$ 6,200,000
Debt instrument, interest rate			1.00%
Monthly payments			$ 261,275
Secured Debt \| New Term Loan Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt instrument, interest rate				10.50%
Value of debt outstanding					134,801,000		134,801,000
Secured Debt \| New Term Loan Agreement \| Forecast
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Covenant, EBITDA requirement	$ 34,000,000.0
Minimum liquidity requirement	$ 10,000,000.0
Amended ABL Credit Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Value of debt outstanding					0
Minimum liquidity requirement				$ 25,000,000.0
Outside the United States
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cash and cash equivalents including restricted cash					$ 24,700,000		$ 27,000,000.0

Business Segments, Geographic Data, and Sales by Major Customers - Additional Information (Detail) - Segment	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Number of reporting segments	2
Net Accounts Receivable \| Three Largest Customers \| Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage	52.00%	56.90%

Business Segments, Geographic Data, and Sales by Major Customers - Information by Segment and Reconciliation to Reported Amounts (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 78,758	$ 95,182	$ 145,315	$ 166,008
Loss from Operations	(9,746)	(18,649)	(25,732)	(42,690)
Depreciation and Amortization Expense	2,579	4,239	4,461	7,473
Assets	300,420		300,420		$ 365,222
Toys/Consumer Products
Segment Reporting Information [Line Items]
Net sales	56,214	58,795	118,779	125,981
Loss from Operations	(5,611)	(13,604)	(18,350)	(33,481)
Depreciation and Amortization Expense	2,292	3,191	4,116	6,328
Assets	263,364		263,364		356,584
Halloween
Segment Reporting Information [Line Items]
Net sales	22,544	36,387	26,536	40,027
Loss from Operations	(4,135)	(5,045)	(7,382)	(9,209)
Depreciation and Amortization Expense	287	$ 1,048	345	$ 1,145
Assets	$ 37,056		$ 37,056		$ 8,638

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.

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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.

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Business Segments, Geographic Data, and Sales by Major Customers - Information by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 44,623		$ 44,623		$ 47,340
Net sales	78,758	$ 95,182	145,315	$ 166,008
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	26,709		26,709		31,175
Net sales	66,777	82,409	118,695	139,967
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	13,869		13,869		11,461
Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	2,428		2,428		2,937
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	1,423		1,423		1,633
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	5,761	6,546	13,379	13,737
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	109		109		134
Net sales	2,684	2,182	5,032	4,742
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	85		85		$ 0
Asia
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,462	1,876	3,232	3,467
Australia & New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	802	782	2,333	1,688
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	1,082	1,071	2,082	1,936
Middle East & Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 190	$ 316	$ 562	$ 471

Business Segments, Geographic Data, and Sales by Major Customers - Net Sales to Major Customers (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue, Major Customer [Line Items]
Net sales	$ 78,758	$ 95,182	$ 145,315	$ 166,008
Net Sales \| Customer Concentration Risk
Revenue, Major Customer [Line Items]
Net sales	$ 41,137	$ 43,725	$ 74,262	$ 78,013
Percentage of Net Sales	52.20%	45.90%	51.10%	47.00%
Net Sales \| Customer Concentration Risk \| Wal-Mart
Revenue, Major Customer [Line Items]
Net sales	$ 22,208	$ 29,709	$ 40,718	$ 51,818
Percentage of Net Sales	28.20%	31.20%	28.00%	31.20%
Net Sales \| Customer Concentration Risk \| Target
Revenue, Major Customer [Line Items]
Net sales	$ 18,929	$ 14,016	$ 33,544	$ 26,195
Percentage of Net Sales	24.00%	14.70%	23.10%	15.80%

Inventory (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Raw materials	$ 148	$ 144
Finished goods	57,533	54,115
Inventory, net	$ 57,681	$ 54,259

Revenue Recognition and Reserve for Sales Returns and Allowances (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Significant Accounting Policies [Line Items]
Reserve for sales returns and allowances	$ 32,312	$ 38,365
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	20.00%

Debt - Summary of Convertible Senior Notes (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Aug. 31, 2019	Aug. 31, 2017	Jun. 30, 2014
Debt Instrument [Line Items]
Value of debt outstanding	$ 42,257	$ 52,658
4.875% convertible senior notes due 2020
Debt Instrument [Line Items]
Debt instrument, interest rate	4.875%	4.875%			4.875%
Value of debt outstanding	$ 0	$ 1,905	$ 111,100
3.25% convertible senior notes due 2023
Debt Instrument [Line Items]
Debt instrument, interest rate	3.25%	3.25%		3.25%
Value of debt outstanding	$ 42,257	$ 50,753
3.25% convertible senior notes due 2023 \| Carrying Amount
Debt Instrument [Line Items]
Value of debt outstanding	$ 30,700	$ 37,600

Debt - Additional Information (Detail)

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 30, 2020

USD ($)

Jun. 12, 2020

USD ($)

Nov. 01, 2019

Aug. 09, 2019

USD ($)

Feb. 09, 2019

Nov. 01, 2018

USD ($)

$ / shares

Jul. 26, 2018

USD ($)

Nov. 07, 2017

USD ($)

Jun. 30, 2020

USD ($)

$ / shares

Aug. 31, 2019

USD ($)

$ / shares

Jul. 31, 2018

USD ($)

Aug. 31, 2017

USD ($)

Jan. 31, 2016

USD ($)

Jun. 30, 2014

USD ($)

$ / shares

Jul. 31, 2013

USD ($)

$ / shares

Jun. 30, 2020

USD ($)

$ / shares

Jun. 30, 2019

USD ($)

Jun. 30, 2017

USD ($)

Mar. 31, 2017

USD ($)

Jun. 30, 2020

USD ($)

$ / shares

Jun. 30, 2019

USD ($)

Dec. 31, 2016

USD ($)

Jun. 29, 2020

Dec. 31, 2019

USD ($)

$ / shares

Aug. 01, 2018

USD ($)

Jun. 14, 2018

USD ($)

Common stock, par value (in dollars per share) | $ / shares

$ 0.001

Common stock, shares outstanding (in shares) | shares

4,239,578

42,395,782

3,521,037

Unrealized loss (gain) on fair value adjustment

$ (7,727,000)

$ (106,000)

$ (52,000)

$ (2,529,000)

2,277,000

$ 42,257,000

42,257,000

$ 52,658,000

Amortization of debt discount

^[1]

9,473,000

1,388,000

Debt issuance cost

$ 1,300,000

Current portion of long term debt

1,772,000

1,905,000

Non-current portion of long term debt

174,164,000

$ 174,164,000

$ 174,962,000

Common Stock

Additional Paid-in Capital

^[1]

1,000

4.25% Convertible Senior Notes (due 2018)

^[1]

$ 9,472,000

$ 8,000,000.0

$ 21,600,000

$ 100,000,000.0

4.25%

Gain recognized on retirement of debt

114.3674

$ 1,000

$ 100,000

Debt instrument, conversion rate (in dollars per share) | $ / shares

$ 8.74

Debt instrument repurchase amount

12,000,000.0

$ 39,100,000

$ 6,100,000

Write-off of debt issuance costs

100,000

$ 100,000

Payment for repurchase of convertible notes

$ 24,100,000

Debt instrument shares common stock issued upon conversion (in shares) | shares

290,000

Interest rate if paid in cash

3.25%

Interest rate if paid in stock

5.00%

Paid in kind interest rate

2.75%

4.25% Convertible Senior Notes (due 2018) | Common Stock

$ 8,000,000.0

Debt instrument repurchase amount

$ 11,600,000

Debt instrument shares common stock issued upon conversion (in shares) | shares

11,240

3.25% Convertible Senior Notes (due 2020)

$ 8,000,000.0

Debt conversion price, percentage

3.25%

105.00%

200,000

3.25% Convertible Senior Notes (due 2020) | Common Stock

$ 7,100,000

Debt instrument shares common stock issued upon conversion (in shares) | shares

710,100

4.875% convertible senior notes due 2020

$ 9,500,000

$ 113,000,000.0

$ 115,000,000.0

4.875%

Gain recognized on retirement of debt

103.7613

$ (2,400,000)

$ 100,000

$ 1,000

Debt instrument, conversion rate (in dollars per share) | $ / shares

$ 9.64

Debt instrument repurchase amount

2,000,000.0

Write-off of debt issuance costs

700,000

$ 100,000

Debt refinanced, exchanged into similar debt instruments

$ 0

111,100,000

$ 0

$ 1,905,000

103,800,000

Amount of accrued interest refinanced

1,000,000.0

Amount of debt exchanged into a new debt instrument

$ 7,300,000

Convertible senior notes, net of debt issuance costs

$ 1,900,000

Convertible senior note payable, fair value

$ 1,700,000

3.25% convertible senior notes due 2023

3.25%

Debt instrument shares common stock issued upon conversion (in shares) | shares

1.00

710,100

Debt conversion price, percentage

105.00%

Interest rate if paid in cash

3.25%

Interest rate if paid in stock

5.00%

Paid in kind interest rate

2.75%

Threshold percentage of stock price trigger

30.00%

Threshold percentage of market price trigger

150.00%

Equity method investment, ownership percentage

49.00%

$ 200,000

42,257,000

$ 42,257,000

$ 50,753,000

7,100,000

9,500,000

Convertible Senior Notes

Amortization of debt discount

$ 200,000

$ 400,000

Paycheck Protection Program Loan | Unsecured debt

$ 6,200,000

Current portion of long term debt

1.00%

Monthly payments

$ 261,275

1,800,000

Non-current portion of long term debt

4,400,000

Oasis Management and Oasis Investments ll Master Fund Ltd.

Common stock, par value (in dollars per share) | $ / shares

$ 0.001

Oasis Management and Oasis Investments ll Master Fund Ltd. | 3.25% Convertible Senior Notes (due 2020)

$ 21,600,000

3.25%

Gain recognized on retirement of debt

393.7008

322.2688

328.0302

$ 1,000

$ (500,000)

$ (600,000)

$ (10,400,000)

$ 1,000

Debt instrument, conversion rate (in dollars per share) | $ / shares

$ 2.54

Debt instrument, amount redeemed

$ 13,200,000

Unrealized loss (gain) on fair value adjustment

(7,700,000)

Oasis Management and Oasis Investments ll Master Fund Ltd. | 3.25% convertible senior notes due 2023

300,000

Secured Debt | New Term Loan Agreement

$ 8,000,000.0

Interest rate if paid in cash

10.50%

8.00%

Paid in kind interest rate

2.50%

Amortization of debt discount

134,801,000

700,000

1,400,000

Line of credit facility maximum borrowing capacity

$ 134,800,000

Debt issuance cost

3,800,000

Amortization expense debt issuance

300,000

500,000

Debt discount

$ 10,100,000

Long term debt

$ 126,800,000

$ 123,400,000

Secured Debt | New Term Loan Agreement | Forecast

Covenant, EBITDA requirement

$ 34,000,000.0

Minimum liquidity requirement

$ 10,000,000.0

[1]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.

Debt - Schedule of Term Loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Line of Credit Facility [Line Items]
Principal/ Fair Value Amount	$ 42,257	$ 52,658
New Term Loan Agreement \| Secured Debt
Line of Credit Facility [Line Items]
Principal/ Fair Value Amount	134,801	134,801
Debt Issuance Costs	(10,407)	(12,319)
Net Amount	124,394	122,482
Accrued paid-in-kind interest	$ 3,100	$ 1,300

Credit Facilities (Detail) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
Credit Facilities (Detail) - USD ($)	Aug. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Aug. 09, 2019	Jun. 14, 2018	Mar. 31, 2014	Mar. 27, 2014
Line of Credit Facility [Line Items]
Debt issuance cost								$ 1,300,000
GECC
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity									$ 75,000,000.0	$ 75,000,000.0
Amount of credit facility outstanding		$ 0		$ 0		$ 0
Stand by letters of credit outstanding amount		10,400,000		10,400,000		9,200,000
Line of credit facility, total excess availability		23,600,000		$ 23,600,000		$ 41,800,000
Rate of credit facility				0.00%		4.53%
GECC \| Wells Fargo
Line of Credit Facility [Line Items]
Stand by letters of credit outstanding amount		10,400,000		$ 10,400,000
GECC \| Letter of Credit \| 4.25% Convertible Senior Notes (due 2018)
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity									$ 35,000,000.0
Amended ABL Credit Agreement
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 60,000,000.0
Fixed charge coverage ratio	110.00%
Minimum liquidity requirement	$ 25,000,000.0
Minimum availability	$ 9,000,000.0
Amortization expense debt issuance		100,000	$ 400,000	$ 200,000	$ 400,000
Amended ABL Credit Agreement \| Minimum \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Applicable margin spread over base rate				1.50%
Amended ABL Credit Agreement \| Minimum \| Base Rate [Member]
Line of Credit Facility [Line Items]
Applicable margin spread over base rate				0.50%
Amended ABL Credit Agreement \| Maximum \| London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Applicable margin spread over base rate				2.00%
Amended ABL Credit Agreement \| Maximum \| Base Rate [Member]
Line of Credit Facility [Line Items]
Applicable margin spread over base rate				1.00%
Term Loan Agreement \| Great American Capital Partners Finance Co LLC
Line of Credit Facility [Line Items]
Debt, net amount		$ 20,000,000.0		$ 20,000,000.0				$ 20,000,000.0
Percentage of principal amount redeemed				10.00%
Debt issuance cost							$ 1,100,000
Term Loan Agreement \| Year One \| Great American Capital Partners Finance Co LLC
Line of Credit Facility [Line Items]
Debt prepayment percentage				2.00%
Term Loan Agreement \| Year Two \| Great American Capital Partners Finance Co LLC
Line of Credit Facility [Line Items]
Debt prepayment percentage				2.00%
Term Loan Agreement \| Year Three \| Great American Capital Partners Finance Co LLC
Line of Credit Facility [Line Items]
Debt prepayment percentage				1.00%

Income Taxes (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 272	$ 589	$ 548	$ 344
Effective income tax rate	(1.20%)	(2.70%)	(1.60%)	(0.70%)

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Loss Per Share - Reconciliation of Weighted Average Shares (Detail) - USD ($)
$ / shares in Units, shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

^[1]

Jun. 30, 2019

Mar. 31, 2019

^[1]

Jun. 30, 2020

Jun. 30, 2019

Earnings Per Share [Abstract]

Net income attributable to non-controlling interests

$ (23,268)

^[1]

$ (11,998)

$ (22,485)

^[1]

$ (29,127)

$ (35,266)

$ (51,612)

Net loss attributable to JAKKS Pacific, Inc.

(23,276)

(22,542)

(35,314)

(51,700)

Preferred stock dividend

312

619

Net loss attributable to common stockholders

$ (23,588)

$ (22,542)

$ (35,933)

$ (51,700)

Shares used in net loss per share - basic and diluted (in shares)

^[2]

3,064

2,360

3,043

2,358

Loss per share - basic and diluted (in dollars per share)

^[2]

$ (7.70)

$ (9.55)

$ (11.81)

$ (21.93)

[1]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.
[2]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders.

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The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Loss Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Convertible Debt Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted earnings per common share (in shares)		311,284		311,284
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 (in shares)	4,355,969	2,767,554	4,320,833	2,767,554

Common Stock and Preferred Stock - Additional Information (Detail)

1 Months Ended

3 Months Ended

6 Months Ended

Jul. 09, 2020

$ / shares

Aug. 09, 2019

USD ($)

$ / shares

Jan. 01, 2019

Jun. 30, 2020

USD ($)

$ / shares

Jan. 31, 2020

USD ($)

ExecutiveOfficers

Aug. 31, 2019

Jan. 31, 2019

USD ($)

ExecutiveOfficers

director

Jun. 30, 2014

USD ($)

$ / shares

Jun. 30, 2020

USD ($)

$ / shares

Mar. 31, 2020

USD ($)

ExecutiveOfficers

Jun. 30, 2019

USD ($)

Mar. 31, 2019

USD ($)

Jun. 30, 2020

USD ($)

$ / shares

Jun. 30, 2019

USD ($)

Dec. 31, 2019

USD ($)

$ / shares

Common stock, par value (in dollars per share) | $ / shares

$ 0.001

Shares vested | shares

16,417

Common stock issued in the period (in shares) | shares

585,300

Restricted stock grants

$ 4,200,000

Dividends

$ 0

Preferred stock, shares issued (in shares) | shares

200,000

Preferred stock, par value (in dollars per share) | $ / shares

$ 0.001

Preferred shares outstanding (in shares) | shares

200,000

Initial value per share (in dollars per share) | $ / shares

$ 100

Preferred stock quarterly dividend rate

6.00%

Preferred stock dividend

$ 312,000

$ 0

$ 619,000

Number of shares outstanding in which, one director may be elected | shares

50,000

Voting percentage required to change number of directors

80.00%

$ 2,277,000

$ 0

3.25% Convertible Senior Notes (due 2020)

^[1]

9,473,000

$ 7,100,000

200,000

Subsequent Event

Common stock, par value (in dollars per share) | $ / shares

$ 0.001

Stock split conversion ratio

0.1

Restricted Stock

Shares vested (in shares) | shares

10,936

69,440

Value of shares surrendered

$ 163,000

$ 270,000

Stock forfeited (in shares) | shares

26,214

Executive officer

Restricted stock issued, value

306,122

$ 4,500,000

Number of executive officers | ExecutiveOfficers

Executive officer | Restricted Stock

Restricted stock issued, value

70,421

$ 700,000

Number of executive officers | ExecutiveOfficers

Shares surrendered (in shares) | shares

16,640

2,428

16,670

Value of shares surrendered

$ 172,000

$ 25,000

$ 249,000

Vesting period

4 years

Non-employee directors

Restricted stock issued, value

32,823

$ 500,000

Number of non-employee directors | director

Non-employee directors | Restricted Stock

Employee | Restricted Stock

5,470

Shares surrendered (in shares) | shares

246

Value of shares surrendered

$ 1,526

Redeemable Preferred Stock

Dividends

$ 0

Dividends payable

1,100,000

$ 1,100,000

Minimum

Preferred stock, liquidation preference percent

20.00%

Minimum | Restricted Stock

Vesting period

1 year

Maximum

Preferred stock, liquidation preference percent

150.00%

Maximum | Restricted Stock

Fair Value Measurements, Recurring | Redeemable Preferred Stock | Level 3

Vesting period

5 years

Estimated fair value of liability

$ 4,900,000

$ 3,164,000

3,164,000

$ 3,164,000

$ 5,247,000

Common Stock

Stock repurchased (in shares) | shares

311,284

Share price (in dollars per share) | $ / shares

$ 77.10

Stock repurchased

$ 24,000,000.0

Common Stock | 3.25% Convertible Senior Notes (due 2020)

^[1]

$ 1,000

Debt instrument shares common stock issued upon conversion (in shares) | shares

710,100

$ 9,500,000

[1]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.

Common Stock and Preferred Stock - Series A Preferred Stock (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020
Equity [Abstract]
Beginning balance	$ 790	$ 483
Temporary Equity, Accretion of Dividends	312	307
Ending balance	$ 1,102	$ 790

Joint Ventures (Detail) shares in Millions	1 Months Ended	3 Months Ended			6 Months Ended		12 Months Ended
Joint Ventures (Detail) shares in Millions	Sep. 30, 2012 USD ($) shares	Jun. 30, 2020 USD ($)	Jun. 30, 2019 USD ($)	Sep. 30, 2017 USD ($)	Jun. 30, 2020 USD ($) episode	Jun. 30, 2019 USD ($)	Dec. 31, 2012 USD ($)	Dec. 31, 2019 USD ($)	Mar. 31, 2017	Oct. 31, 2016	Nov. 30, 2014
Schedule of Equity Method Investments [Line Items]
Net income (loss) attributable to non-controlling interests		$ 8,000	$ 57,000		$ 48,000	$ 88,000
Pacific Animation Partners Joint Venture
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		50.00%			50.00%
Number of episodes for which production completed \| episode					65
Equity in net income/(loss) of joint venture		$ 0	0		$ 2,000	0
Equity method investments		0			0			$ 0
DreamPlay Toys
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Cash paid to Nant Works for joint venture	$ 8,000,000.0
DreamPlay Toys \| Technology Rights
Schedule of Equity Method Investments [Line Items]
Impairment charge				$ 2,900,000
DreamPlay, LLC
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage							5.00%
Cash paid to Nant Works for joint venture							$ 7,000,000.0
Impairment charge				$ 7,000,000.0
Joint Venture With Meisheng Culture & Creative Corp.
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage											51.00%
Net income (loss) attributable to non-controlling interests		8,000	57,000			88,000
Hong Kong Meisheng Cultural Co \| Minimum \| JAKKS Pacific
Schedule of Equity Method Investments [Line Items]
Ownership percentage									10.00%
Hong Kong Meisheng Cultural Co
Schedule of Equity Method Investments [Line Items]
Purchases from related party		14,000,000.0	23,000,000.0		23,000,000.0	25,200,000
Due to related parties		14,400,000	18,100,000		14,400,000	18,100,000
NantWorks \| DreamPlay Toys
Schedule of Equity Method Investments [Line Items]
Issue of warrants (in shares) \| shares	1.5
Investment in DreamPlay LLC	$ 7,000,000.0
Hong Kong Meisheng Cultural Co
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage										50.00%
Net income (loss) attributable to non-controlling interests		$ 0	$ 0		$ 0	$ 0
Hong Kong Meisheng Cultural Co \| Minimum \| JAKKS Pacific
Schedule of Equity Method Investments [Line Items]
Ownership percentage		10.00%			10.00%

Goodwill (Detail) $ in Millions	6 Months Ended
Goodwill (Detail) $ in Millions	Jun. 30, 2020 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment	$ 35.1

Intangible Assets Other Than Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Acquired Intangible Assets by Major Class [Line Items]
Gross Carrying Amount	$ 31,328	$ 31,328
Accumulated Amortization	(28,790)	(28,140)
Net Amount	2,538	3,188
Trademarks	$ 300	300
Licenses
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives	5 years 9 months 21 days
Gross Carrying Amount	$ 20,130	20,130
Accumulated Amortization	(20,130)	(19,988)
Net Amount	$ 0	142
Product lines
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives	10 years 4 months 9 days
Gross Carrying Amount	$ 4,846	4,846
Accumulated Amortization	(2,308)	(1,800)
Net Amount	$ 2,538	3,046
Customer relationships
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives	4 years 10 months 24 days
Gross Carrying Amount	$ 3,152	3,152
Accumulated Amortization	(3,152)	(3,152)
Net Amount	$ 0	0
Trade names
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives	5 years
Gross Carrying Amount	$ 3,000	3,000
Accumulated Amortization	(3,000)	(3,000)
Net Amount	$ 0	0
Non-compete agreements
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives	5 years
Gross Carrying Amount	$ 200	200
Accumulated Amortization	(200)	(200)
Net Amount	$ 0	$ 0

Comprehensive Loss (Detail) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2020

Mar. 31, 2020

^[1]

Jun. 30, 2019

Mar. 31, 2019

^[1]

Jun. 30, 2020

Jun. 30, 2019

Net Loss

$ (23,268)

^[1]

$ (11,998)

$ (22,485)

^[1]

$ (29,127)

$ (35,266)

$ (51,612)

Other comprehensive income (loss):

Less: Comprehensive income attributable to non-controlling interests

^[1]

$ (1,634)

(450)

^[1]

$ 1,303

(1,553)

853

Comprehensive loss

(23,187)

(22,935)

(36,819)

(50,759)

Comprehensive loss attributable to JAKKS Pacific, Inc.

$ (23,195)

$ (22,992)

$ (36,867)

$ (50,847)

[1]	After giving effect to a 1 for 10 reverse stock split effective July 9, 2020.

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.

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.

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Share-Based Payments - Additional Information (Detail) $ in Millions	6 Months Ended
	Jun. 30, 2020 USD ($)
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation	$ 3.1
Unrecognized compensation, expected recognized period	2 years 2 months 1 day
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	$ 0.4
Unrecognized compensation, expected recognized period	11 months 23 days

Share-Based Payments - Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 714	$ 397	$ 966	$ 1,015

Share-Based Payments - Summary of Restricted Stock Award Activity (Detail) - Restricted Stock - $ / shares	1 Months Ended	6 Months Ended
	Jan. 31, 2020	Jun. 30, 2020
Number of Shares
Outstanding at beginning of period (in shares)	559,307	559,307
Awarded (in shares)		70,421
Released (in shares)	(10,936)	(69,440)
Forfeited (in shares)		(52,427)
Outstanding at end of period (in shares)		507,861
Weighted Average Grant Date Fair Value
Outstanding at beginning of period (in dollars per share)	$ 16.00	$ 16.00
Awarded (in dollars per share)		10.30
Released (in dollars per share)		21.76
Forfeited (in dollars per share)		32.20
Outstanding at end of period (in dollars per share)		$ 12.75

Share-Based Payments - Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs)	6 Months Ended
	Jun. 30, 2020 $ / shares shares
Number of Shares
Outstanding at beginning of period (in shares) \| shares	102,718
Awarded (in shares) \| shares	0
Released (in shares) \| shares	(7,960)
Forfeited (in shares) \| shares	(29,410)
Outstanding at end of period (in shares) \| shares	65,348
Weighted Average Fair Value
Outstanding at beginning of period (in dollars per share) \| $ / shares	$ 23.40
Awarded (in dollars per share) \| $ / shares	0
Released (in dollars per share) \| $ / shares	51.50
Forfeited (in dollars per share) \| $ / shares	42.79
Outstanding at end of period (in dollars per share) \| $ / shares	$ 11.25

Fair Value Measurements - Financial Instruments Measured on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Aug. 31, 2017
Fair Value Measurements, Recurring \| Redeemable Preferred Stock \| Level 1
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Derivative liability	$ 0	$ 0
Fair Value Measurements, Recurring \| Redeemable Preferred Stock \| Level 2
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Derivative liability	0	0
Fair Value Measurements, Recurring \| Redeemable Preferred Stock \| Level 3
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Derivative liability	3,164	5,247
Fair Value Measurements, Recurring \| Redeemable Preferred Stock \| Carrying Amount
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Derivative liability	$ 3,164	$ 5,247
3.25% convertible senior notes due 2023
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Debt instrument, interest rate	3.25%	3.25%	3.25%
3.25% convertible senior notes due 2023 \| Fair Value Measurements, Recurring \| Level 1
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Notes payable	$ 0	$ 0
3.25% convertible senior notes due 2023 \| Fair Value Measurements, Recurring \| Level 2
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Notes payable	0	0
3.25% convertible senior notes due 2023 \| Fair Value Measurements, Recurring \| Level 3
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Notes payable	42,257	50,753
3.25% convertible senior notes due 2023 \| Fair Value Measurements, Recurring \| Carrying Amount
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Notes payable	$ 42,257	$ 50,753

Fair Value Measurements - Reconciliation of Level 3 Instruments (Detail) - USD ($)
$ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

Jun. 30, 2020

Redeemable Preferred Stock | Level 3 | Fair Value Measurements, Recurring

^[1]

$ (9,473)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance

$ 5,247

Change in fair value

(2,083)

Ending Balance

$ 3,164

3,164

3.25% convertible senior notes due 2023

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

3.25% convertible senior notes due 2023 | Level 3 | Fair Value Measurements, Recurring

(9,500)

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]

Beginning Balance

50,753

(9,473)

Change in fair value