0001185185-24-000243 | 10-K | XBRL Viewer

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 38,113	$ 91,083	$ (5,888)
Other comprehensive income (loss):
Foreign currency translation adjustment	1,855	(4,530)	(506)
Comprehensive income (loss)	39,968	86,553	(6,394)
Less: Comprehensive income (loss) attributable to non-controlling interests	(293)	(330)	120
Comprehensive income (loss) attributable to JAKKS Pacific, Inc.	$ 40,261	$ 86,883	$ (6,514)

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

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

+ References

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+ Details

Goodwill

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Goodwill Disclosure [Text Block]

Note 6—Goodwill

There were no changes in the carrying amount of goodwill by reporting unit for the year ended December 31, 2023 and 2022.

In the second quarter of 2023, the Company performed a quantitative assessment and determined that goodwill was not impaired as the fair value of the reporting units exceeded the carrying value. There were no events or changes in circumstances subsequent to the second quarter assessment that indicate that the carrying value of a reporting unit may exceed its fair value as of December 31, 2023.

Prepaid Expenses and Other Assets (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

Prepaid expenses and other assets for the year ended December 31, 2023 and 2022 consist of the following (in thousands):

	December 31,
	2023		2022
Income tax receivable	$	2,672	$	2,217
Prepaid expenses		1,724		994
Royalty advances		1,450		1,822
Employee retention credit		285		1,179
Other assets		243		119
	$	6,374	$	6,331

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Taxes (Details) [Line Items]
Income Tax Expense (Benefit)	$ 6,833	$ (41,008)	$ 226
Effective Income Tax Rate Reconciliation, Percent	15.20%	(81.90%)	(4.00%)
Discrete Net Tax Expense Benefit	$ 2,700
Effective Income Tax Rate, Continuing Operations, Excluding Discrete Items	21.30%	17.60%	(10.70%)
Deferred Tax Liabilities, Net	$ 68,100	$ 57,800
Unrecognized Tax Benefits, Interest on Income Taxes Expense	41	200
Deferred Tax Assets, Valuation Allowance	724	726
Deferred Tax Assets, Net of Valuation Allowance	68,143	$ 57,804
Tax Credit Carryforward, Valuation Allowance	17,400
U.S. Federal net operating loss carryforwards	148,000
Deferred Tax Assets, Operating Loss Carryforwards, State and Local	49,000
Domestic Tax Authority [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards Increase (Decrease)	1,400
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	16,800
State and Local Jurisdiction [Member]
Income Taxes (Details) [Line Items]
Operating Loss Carryforwards Increase (Decrease)	1,300
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 600

Summary of Significant Accounting Policies (Details) - Property, Plant and Equipment	Dec. 31, 2023
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Furniture and Fixtures [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	7 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years

Prepaid Expenses and Other Assets (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Income tax receivable	$ 2,672	$ 2,217
Prepaid expenses	1,724	994
Royalty advances	1,450	1,822
Employee retention credit	285	1,179
Other assets	243	119
Prepaid expenses and other assets	$ 6,374	$ 6,331

Debt (Details) - Schedule of Debt - Benefit Street Partners [Member] - USD ($)
$ in Thousands

Dec. 31, 2023

Dec. 31, 2022

Debt (Details) - Schedule of Debt [Line Items]

Principal Amount

$ 0

$ 68,901

Debt Discount/ Issuance Costs

^[1]

(1,750)

Net Amount

$ 0

$ 67,151

[1]	The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are amortized over the life of the term loan on a straight-line basis which approximates the effective interest method.

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

Commitments (Details) - USD ($) $ in Millions	12 Months Ended
Commitments (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Commitments (Details) [Line Items]
Royalty Expense	$ 117.6	$ 126.6	$ 87.2
Minimum [Member]
Commitments (Details) [Line Items]
Percent of Royalty on Net Sales	1.00%
Maximum [Member]
Commitments (Details) [Line Items]
Percent of Royalty on Net Sales	22.00%

Common Stock and Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Temporary Equity [Table Text Block]

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

	2023		2022		2021
Balance, January 1,	$	4,490	$	3,074	$	1,740
Preferred stock accrued dividends		1,502		1,416		1,334
Balance, December 31,	$	5,992	$	4,490	$	3,074

Income Taxes (Details) - Schedule of Deferred Tax Assets and Liabilities - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Deferred Tax Assets And Liabilities Abstract
Reserve for sales allowances and possible losses	$ 654	$ 469
Accrued expenses	3,467	3,884
Prepaid royalties	676	599
Accrued royalties	1,693	465
Inventory	12,444	9,574
State income taxes	477	420
Property and equipment	1,789	1,701
Goodwill and intangibles	1,192	2,412
Share-based compensation	1,025	738
Interest limitation	2,243	2,256
Operating lease liabilities	4,991	4,120
Federal and state net operating loss carryforwards	34,458	31,263
Credit carryforwards	110	110
Research and development capitalization	7,962	3,792
Other	1,097	1,195
Total Deferred Income Tax Assets	74,278	62,998
Deferred Income Tax Liabilities:
Undistributed foreign earnings	(503)	(479)
Operating lease right-of-use assets	(4,908)	(3,989)
Total Deferred Income Tax Liabilities	(5,411)	(4,468)
Valuation allowance	(724)	(726)
Total net deferred tax assets (liabilities)	$ 68,143	$ 57,804

Related Party Transactions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Related Party Transactions (Details) [Line Items]
Due to Related Parties	$ 12,259	$ 9,820
Benefit Street Partners [Member] \| Series A Preferred Stock [Member]
Related Party Transactions (Details) [Line Items]
Investment Owned, Balance, Shares (in Shares)		145,788
Inventory Related Payments [Member] \| Hong Kong Meisheng Cultural Company Limited [Member]
Related Party Transactions (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	75,700	$ 120,500	$ 77,700
Due to Related Parties	$ 12,300	$ 9,800

Debt (Details) - USD ($)							1 Months Ended		12 Months Ended
Debt (Details) - USD ($)	Jun. 05, 2023	Mar. 03, 2023	Sep. 28, 2022	Jun. 27, 2022	Jun. 02, 2021	Jun. 12, 2020	Jan. 31, 2023	Aug. 31, 2019	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 03, 2023	Feb. 09, 2021	Feb. 05, 2021	Aug. 09, 2020	Feb. 09, 2019	Jul. 26, 2018	Nov. 07, 2017	Aug. 31, 2017
Debt (Details) [Line Items]
Common Stock, Par or Stated Value Per Share (in Dollars per share)									$ 0.001	$ 0.001
Paid-in-Kind Interest									$ 0	$ 0	$ 1,519,000
Liabilities, Fair Value Adjustment									0	0	(16,419,000)
Proceeds from Issuance of Long-Term Debt									0	0	96,306,000
Debt Instrument, Description of Variable Rate Basis							the interest reference rate on its 2021 BSP Term Loan from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the 2021 BSP Term Loan was effective on April 1, 2023. In addition to the transition to SOFR, the amendment also included a constant 0.10% spread adjustment until the maturity of the 2021 BSP Term Loan
Gain (Loss) on Extinguishment of Debt									(1,023,000)	0	(7,351,000)
Gain on Loan Forgiveness									0	0	6,206,000
Oasis Management And Oasis Investments ll Master Fund Ltd. [Member]
Debt (Details) [Line Items]
Common Stock, Par or Stated Value Per Share (in Dollars per share)								$ 0.001
4.875% Convertible Senior Notes Due 2020 [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage								4.875%
3.25% Convertible Senior Notes Due 2023 [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.25%														3.25%
Debt Instrument, Face Amount																	$ 8,000,000
Interest rate if paid cash																			3.25%
Interest rate if paid stock																			5.00%
Interest rate if paid in-kind																			2.75%
Debt Instrument, Convertible, Conversion Price (in Dollars per share)								$ 1					$ 5.647		$ 5.647	$ 1
Debt Instrument, Redemption Price, Percentage								105.00%
Debt Instrument, Convertible, Threshold Percentage of Stock Price Trigger								30.00%
Debt Instrument, Convertible, Threshold Percentage of Market Price Trigger								150.00%
Debt Conversion, Converted Instrument, Amount											24,000,000
Paid-in-Kind Interest											$ 1,200,000
Debt Conversion, Converted Instrument, Shares Issued (in Shares)											4,246,828
Adjustments to Additional Paid in Capital, Other											$ 50,800,000
3.25% Convertible Senior Notes Due 2023 [Member] \| After Reverse Split [Member]
Debt (Details) [Line Items]
Debt Instrument, Convertible, Conversion Price (in Dollars per share)																$ 10
3.25% Convertible Senior Notes Due 2023 [Member] \| Oasis Management And Oasis Investments ll Master Fund Ltd. [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount								$ 8,000,000										$ 21,600,000
3.25% Convertible Senior Notes (due 2020) [Member] \| Oasis Management And Oasis Investments ll Master Fund Ltd. [Member]
Debt (Details) [Line Items]
Liabilities, Fair Value Adjustment											16,400,000
Benefit Street Partners [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage					3.25%
Debt Instrument, Face Amount														$ 11,000,000
Long-Term Debt, Fair Value										69,300,000
Long-Term Debt, Gross									$ 0	$ 68,901,000
Repayments of Debt	$ 30,200,000	$ 23,100,000
Payment for Debt Extinguishment or Debt Prepayment Cost	300,000
Gain (Loss) on Extinguishment of Debt	1,000,000
Initial Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount					$ 99,000,000
Proceeds from Issuance of Long-Term Debt					$ 96,300,000
Debt Instrument, Covenant Description					the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause was to be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount was to be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount was in no event to be reduced below $15.0 million
Repayments of Debt			$ 17,500,000	$ 10,000,000
Payment for Debt Extinguishment or Debt Prepayment Cost			$ 500,000
Initial Term Loan [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					6.50%
Initial Term Loan [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate					7.00%
Debt Instrument, Description of Variable Rate Basis					subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor
Delayed Draw Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount					$ 19,000,000
Paycheck Protection Program Loan [Member] \| Unsecured Debt [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage						1.00%
Debt Instrument, Face Amount						$ 6,200,000
Monthly payments						$ 261,275
Gain on Loan Forgiveness											$ 6,200,000
Accrued Interest [Member] \| Benefit Street Partners [Member]
Debt (Details) [Line Items]
Repayments of Debt	$ 400,000
Oasis Management And Oasis Investments ll Master Fund Ltd. [Member] \| 3.25% Convertible Senior Notes Due 2023 [Member]
Debt (Details) [Line Items]
Equity Method Investment, Ownership Percentage								49.00%
Closing Fees [Member]
Debt (Details) [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net					2,200,000
Closing Fees [Member] \| Delayed Draw Term Loan [Member]
Debt (Details) [Line Items]
Debt Issuance Costs, Gross					$ 500,000
Secured Debt [Member] \| New Term Loan Agreement [Member]
Debt (Details) [Line Items]
Long-Term Debt, Fair Value												$ 15,000,000
Secured Debt [Member] \| Reported Value Measurement [Member] \| New Term Loan Agreement [Member]
Debt (Details) [Line Items]
Long-Term Debt, Gross												$ 200,000

Concentration of Credit Risk

12 Months Ended

Dec. 31, 2023

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

Note 7—Concentration of Credit Risk

Financial instruments that subject the Company to concentration of credit risk are cash and cash equivalents and accounts receivable. Cash equivalents consist primarily of overnight and money market funds. These instruments are short-term in nature and bear minimal risk.

The Company maintains certain cash balances in excess of Federal Deposit Insurance Corporation (“FDIC”) insured limits. The Company has not experienced any losses in such accounts and believes that the credit risk to the Company’s cash is minimal.

The Company performs ongoing credit evaluations of its customers’ financial conditions, but does not require collateral to support domestic customer accounts receivable. For goods shipped FOB Hong Kong or China, the Company may require irrevocable letters of credit from the customer or purchase various forms of credit insurance.

Summary of Significant Accounting Policies (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Inventory Current Abstract
Raw materials	$ 122	$ 69
Finished goods	52,525	80,550
Inventory, net	$ 52,647	$ 80,619

Common Stock and Preferred Stock

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Equity [Text Block]

Note 14—Common Stock and Preferred Stock

Common Stock

All issuances of common stock, including those issued pursuant to restricted stock or unit grants, are issued from the Company’s authorized but not issued and outstanding shares.

During 2022, certain employees, including three executive officers, surrendered an aggregate of 113,162 shares of restricted stock units for $1.4 million to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 149,238 shares of restricted stock granted in 2019 with a value of approximately $2.2 million was forfeited during 2022.

During 2023, certain employees, including three executive officers, surrendered an aggregate of 157,019 shares of restricted stock units for $3.1 million to cover income taxes due on the vesting of restricted shares. Additionally, an aggregate of 34,588 shares of restricted stock granted in 2021 and 2022 with a value of approximately $0.6 million was forfeited during 2023.

No dividend was declared or paid in 2023 and 2022.

At the Market Offering

On July 1, 2022, the Company entered into an At the Market Issuance Sales Agreement (“ATM Agreement”) with B. Riley, as agent pursuant to which the Company may, from time to time, sell shares of its common stock, up to $75 million of common stock, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering.

As of the year ended December 31, 2023, the Company did not sell any shares of common stock under the ATM Agreement.

The Company has on file with the SEC an effective registration statement pursuant to which it may issue, from time to time, up to $150 million of securities (which will be reduced by any amount of securities sold pursuant to the ATM Agreement) consisting of, or any combination of, common stock, preferred stock, debt securities, warrants, rights and/or units, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering.

As of the year ended December 31, 2023, the Company has not sold any securities pursuant to its shelf registration statement.

Redeemable Preferred Stock

On August 9, 2019, the Company entered into and consummated multiple, binding definitive agreements (collectively, the “Recapitalization Transaction”) among various investor parties to recapitalize the Company’s balance sheet. In connection with the Recapitalization Transaction, 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 December 31, 2023 and December 31, 2022, 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 cash dividends have been declared or paid. For the year ended December 31, 2023 and 2022, the Company recorded $1.5 million and $1.4 million, respectively of preferred stock dividends as an increase in the value of the Series A Preferred Stock.

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 2019 Recap 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 2019 Recap Term Loan. 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 2022, an agreement was reached with the preferred shareholders to eliminate their ability to elect members to the Company’s Board of Directors on a going-forward basis.

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, and is more akin to a debt instrument than equity.

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. The liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's consolidated statements of operations (see Note 15 – Fair Value Measurement). 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.

Accordingly, these two embedded derivatives are accounted for separately from the Series A Preferred Stock at fair value.

As of December 31, 2023, the Series A Preferred Stock is recorded in temporary equity at the amount of accrued, but unpaid dividends of $6.0 million, and the redemption provision, as a bifurcated derivative, is recorded as a long-term liability with an estimated value of $29.9 million. As of December 31, 2022, the Series A Preferred Stock is recorded in temporary equity at the amount of accrued, but unpaid dividends of $4.5 million, and the redemption provision, as a bifurcated derivative, is recorded as a long term liability with an estimated value of $21.9 million.

As of December 31, 2023, the Series A Preferred Stock had a carrying value of $26.0 million and a liquidation value of $39.0 million. As of December 31, 2022, the Series A Preferred Stock had a carrying value of $24.5 million and a liquidation value of $36.7 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:

	2023		2022		2021
Balance, January 1,	$	4,490	$	3,074	$	1,740
Preferred stock accrued dividends		1,502		1,416		1,334
Balance, December 31,	$	5,992	$	4,490	$	3,074

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Cash Flow, Supplemental Disclosures

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Elements [Abstract]

Cash Flow, Supplemental Disclosures [Text Block]

As of December 31, 2023, there was $3.0 million of property and equipment included in accounts payable. As of December 31, 2022, there was $3.6 million of property and equipment included in accounts payable. As of December 31, 2021, there was $2.8 million of property and equipment included in accounts payable.

The Company received income tax refunds of nil, $0.3 million and $0.3 million for the years ended December 31, 2023, 2022 and 2021, respectively, and has included these amounts in cash paid during the period for income taxes, net.

Accrued Expenses (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Disclosure Text Block Supplement [Abstract]
Other Liabilities, Noncurrent	$ 2.7
Deferred Compensation Liability, Classified, Noncurrent	$ 1.0

Debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long-Term Debt Instruments [Table Text Block]

Key components of the 3.25% convertible senior notes due 2023 consist of the following (in thousands):

	Year ended December 31,
	2023		2022		2021
Contractual interest expense	$	—	$	—	$	620

Schedule of Debt [Table Text Block]

Term loan consists of the following (in thousands):

	December 31, 2023						December 31, 2022
			Debt Discount/						Debt Discount/
	Principal		Issuance		Net		Principal		Issuance			Net
	Amount		Costs*		Amount		Amount		Costs*			Amount
2021 BSP Term Loan	$	—	$	—	$	—	$	68,901	$	(1,750	)	$	67,151

* The term loan was valued using the discounted cash flow method to determine the implied debt discount. The debt discount and issuance costs are amortized over the life of the term loan on a straight-line basis which approximates the effective interest method.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Commitments (Details) - Schedule of Minimum Guaranteed Benefit Liabilities $ in Thousands	Dec. 31, 2023 USD ($)
Future Minimum Royalty Guarantees [Member]
Commitments (Details) - Schedule of Minimum Guaranteed Benefit Liabilities [Line Items]
2024	$ 45,066
2025	7,013
2026	1,059
Future minimum payments, total	53,138
Future Minimum Guaranteed Amount [Member]
Commitments (Details) - Schedule of Minimum Guaranteed Benefit Liabilities [Line Items]
2024	7,560
2025	6,467
2026	3,700
Future minimum payments, total	$ 17,727

Principal Industry

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Nature of Operations [Text Block]

Note 1—Principal Industry

JAKKS Pacific, Inc. (the “Company”) is engaged in the development, production and marketing of consumer products, including toys and related products, electronic products, and other consumer products. The Company markets its product lines domestically and internationally.

The Company is incorporated under the laws of the State of Delaware.

Business Segments, Geographic Data, and Sales by Major Customers

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 3—Business Segments, Geographic Data and Sales by Major Customers

The Company is a worldwide producer and marketer of children’s toys and other consumer products, principally engaged in the design, development, production, marketing and distribution of its diverse portfolio of products. The Company’s segments are (i) Toys/Consumer Products and (ii) Costumes.

The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys 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.

The Costumes segment, under its Disguise branding, designs, develops, markets and sells a wide range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Children’s Day, Book Day/Week, and every-day/any-day costume play.

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. Certain assets which are not tracked by operating segment and/or that benefit multiple operating segments have been allocated on the same basis.

Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts as of December 31, 2023 and 2022 and for the three years in the period ended December 31, 2023 are as follows (in thousands):

	Year Ended December 31,
	2023		2022		2021
Net Sales
Toys/Consumer Products	$	580,686	$	647,317	$	513,517
Costumes		130,871		148,870		107,599
	$	711,557	$	796,187	$	621,116

	Year Ended December 31,
	2023			2022			2021
Income (Loss) from Operations
Toys/Consumer Products	$	60,927		$	62,698		$	39,046
Costumes		(1,820	)		(1,728	)		(279	)
	$	59,107		$	60,970		$	38,767

	Year Ended December 31,
	2023		2022		2021
Depreciation and Amortization Expense
Toys/Consumer Products	$	8,409	$	10,182	$	9,585
Costumes		176		396		666
	$	8,585	$	10,578	$	10,251

	December 31,
	2023		2022
Assets
Toys/Consumer Products	$	383,812	$	377,605
Costumes		15,139		27,737
	$	398,951	$	405,342

Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of December 31, 2023 and 2022 and for each of the three years in the period ended December 31, 2023 (in thousands):

	Year Ended December 31,
	2023		2022		2021
Net Sales by Customer Area
United States	$	557,865	$	644,295	$	512,193
Europe		76,464		85,348		60,425
Latin America		32,024		18,338		12,606
Canada		26,992		26,515		17,999
Asia		8,543		10,431		9,232
Australia and New Zealand		7,542		8,836		6,423
Middle East and Africa		2,127		2,424		2,238
	$	711,557	$	796,187	$	621,116

	December 31,
	2023		2022
Long-lived Assets
United States	$	21,206	$	17,383
China		13,794		14,161
Hong Kong		1,410		2,142
United Kingdom		892		974
Italy		811		—
Mexico		55		46
Canada		23		69
	$	38,191	$	34,775

Major Customers

Net sales to major customers were as follows (in thousands, except for percentages):

	2023					2022					2021
			Percentage of					Percentage of					Percentage of
	Amount		Net Sales			Amount		Net Sales			Amount		Net Sales
Target	$	215,211		30.3	%	$	203,200		25.5	%	$	176,561		28.4	%
Walmart		148,354		20.8			226,318		28.4			167,260		26.9
Amazon		74,878		10.5			66,393		8.3			59,973		9.7
	$	438,443		61.6	%	$	495,911		62.2	%	$	403,794		65.0	%

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.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
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-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

+ Details

Employee Benefits Plan

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Compensation and Employee Benefit Plans [Text Block]

Note 18—Employee Benefits Plan

The Company sponsored for its U.S. employees, a defined contribution plan under Section 401(k) of the Internal Revenue Code. The Plan provided that employees may defer up to 50% of their annual compensation subject to annual dollar limitations, and that the Company would make a matching contribution equal to 100% of each employee’s deferral, up to 5% of the employee’s annual compensation. Company-matching contributions, which vest immediately, totaled $1.5 million, $2.1 million and $1.9 million for the year ended December 31, 2023, 2022 and 2021, respectively.

Starting December 2023, the Company sponsored for certain of its U.S. based senior employees, a nonqualified deferred compensation plan which includes provisions for salary deferrals and discretionary contributions on a deferred tax basis. As of December 31, 2023 the Company has not made any discretionary matching contributions to the plan. Employees direct the investment of their account balances, and the Company invests amounts held in the associated investment trust consistent with these directions. The value of the assets held in trust by the nonqualified plan was $41 thousand as of December 31, 2023.

The Company has statutory benefit plans outside the U.S., which are not material.

Accrued Expenses (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Schedule of Accrued Liabilities [Table Text Block]

Accrued expenses consist of the following (in thousands):

	December 31,
	2023		2022
Royalties	$	23,594	$	17,980
Salaries and employee benefits		6,707		4,697
Inventory liabilities		2,611		3,619
Bonuses		1,604		1,698
Professional fees		1,556		2,949
Goods in transit		1,154		1,519
Third-party warehouse		1,033		936
Unearned revenue		701		922
Sales commissions		506		558
Interest expense		63		68
Other		5,573		3,052
	$	45,102	$	37,998

Share-Based Payments (Details) - Share-based Payment Arrangement, Expensed and Capitalized, Amount - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]
Share-based compensation expense	$ 8,027	$ 5,082	$ 2,093

Summary of Significant Accounting Policies (Details) - Accounts Receivable, Allowance for Credit Loss - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable Allowance For Credit Loss Abstract
Allowance, beginning balance	$ 2,865	$ 2,626
Net additions	726	233	$ (1,397)
Write-offs and other	152	6
Allowance, ending balance	$ 3,743	$ 2,865	$ 2,626

Debt

12 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Note 9—Debt

Convertible senior notes

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 Company’s 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.

In connection with the Recapitalization Transaction, the Company issued (i) amended and restated notes with respect to the Company’s $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 was payable on each May 1 and November 1 until maturity and accrued 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 matured 91 days after the amounts outstanding under the 2019 Recap Term Loan were paid in full, and in no event later than July 3, 2023.

Excluding the impact of the Reverse Stock Split in July of 2020, the New Oasis Notes provided, among other things, that the initial conversion price was $1.00. The conversion price was to 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 was the reset to 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 was not to be greater than the conversion price in effect immediately before such reset. The Company could trigger a mandatory conversion of the New Oasis Notes if the market price exceeded 150% of the conversion price under certain circumstances. The Company could redeem the New Oasis Notes in cash if a person, entity or group acquired shares of the Company’s Common Stock, par value $0.001 per share (the “Common Stock”), and as a result owned at least 49% of the Company’s issued and outstanding Common Stock. On February 9, 2020, excluding the impact of the Reverse Stock Split, the conversion price of the New Oasis Notes reset to $1.00 per share ($10.00 per share after reverse stock split). On August 9, 2020, the conversion price of the New Oasis Notes reset to $5.647. On February 9, 2021, the conversion price of the New Oasis Notes recalculated and remained unchanged at $5.647.

During 2021, $24.0 million of the New Oasis Notes (including $1.2 million in payment in-kind interest) were converted for 4,246,828 shares of common stock. As a result, the Company recorded an increase to additional paid-in capital of $50.8 million. As a result of the conversion in 2021, the New Oasis Notes were fully extinguished.

The Company accounted for the debt held by Oasis at fair value using Level 3 inputs and as a result, recognized a loss of $16.4 million for the year ended December 31, 2021, related to changes in the fair value of the 3.25% convertible senior notes due 2023 (see Note 15 – Fair Value Measurement).

On February 5, 2021, Benefit Street Partners and Oasis Investment II Master Funds Ltd, both related parties, entered into a purchase and sale agreement wherein Benefit Street Partners purchased $11.0 million of principal amount, plus all accrued and unpaid interest thereon, of the New Oasis Notes from Oasis Investment II Master Funds Ltd (see Note 11 – Related Party Transactions). The transaction closed on February 8, 2021. As of December 31, 2023 and 2022, Benefit Street Partners held nil in principal amount of the New Oasis Notes.

Key components of the 3.25% convertible senior notes due 2023 consist of the following (in thousands):

	Year ended December 31,
	2023		2022		2021
Contractual interest expense	$	—	$	—	$	620

Term Loan

Term loan consists of the following (in thousands):

	December 31, 2023						December 31, 2022
			Debt Discount/						Debt Discount/
	Principal		Issuance		Net		Principal		Issuance			Net
	Amount		Costs*		Amount		Amount		Costs*			Amount
2021 BSP Term Loan	$	—	$	—	$	—	$	68,901	$	(1,750	)	$	67,151

On June 2, 2021, the Company and certain of its subsidiaries, as borrowers, entered into a First Lien Term Loan Facility Credit Agreement (the “2021 BSP Term Loan Agreement”) with Benefit Street Partners L.L.C., as Sole Lead Arranger, and BSP Agency, LLC, as agent, for a $99.0 million first-lien secured term loan (the “Initial Term Loan”) and a $19.0 million delayed draw term loan (the “Delayed Draw Term Loan” and collectively, the “2021 BSP Term Loan”). Net proceeds from the issuance of the 2021 BSP Term Loan, after deduction of $2.2 million in closing fees and $0.5 million of other administrative fees paid directly to the lenders, totaled $96.3 million. These fees are amortized over the life of the 2021 BSP Term Loan on a straight-line basis which approximates the effective interest method. Proceeds from the Initial Term Loan, together with available cash from the Company, were used to repay the Company’s former term loan (the “2019 Recap Term Loan” formerly known as the “New Term Loan” in prior filings) under the agreement dated as of August 9, 2019 with Cortland Capital Market Services LLC, as agent for certain investor parties. The Delayed Draw Term Loan provision was designed to provide necessary capital to redeem any of the Company’s outstanding 3.25% convertible senior notes due 2023, upon their maturity, which, upon repayment of the 2019 Recap Term Loan, accelerated to no later than 91 days from the repayment of the 2019 Recap Term Loan, or September 1, 2021. On July 29, 2021, the Company terminated its Delayed Draw Term Loan option as it determined it had sufficient liquidity to fund any outstanding convertible senior notes that remained upon maturity.

Amounts outstanding under the 2021 BSP Term Loan bore interest at either (i) LIBOR plus 6.50% - 7.00% (determined by reference to a net leverage pricing grid), subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor. The 2021 BSP Term Loan was termed to mature in June 2027.

In January 2023, the Company entered into a second amendment for its 2021 BSP Term Loan Agreement, which transitioned the interest reference rate on its 2021 BSP Term Loan from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the 2021 BSP Term Loan was effective on April 1, 2023. In addition to the transition to SOFR, the amendment also included a constant 0.10% spread adjustment until the maturity of the 2021 BSP Term Loan.

The 2021 BSP Term Loan Agreement contained negative covenants that, subject to certain exceptions, limited the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge its 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 June 30, 2021, the Company was required to maintain a Net Leverage Ratio of 4:00x, with step-downs occurring each fiscal year starting with the quarter ending March 31, 2022 through the quarter ending September 30, 2024 in which the Company was required to maintain a Net Leverage Ratio of 3:00x. On April 26, 2022, the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause was to be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount was to be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount was in no event to be reduced below $15.0 million.

The 2021 BSP Term Loan Agreement contained events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults and a change of control as specified in the 2021 BSP Term Loan Agreement. If an event of default occurred, the maturity of the amounts owed under the 2021 BSP Term Loan Agreement might have been accelerated.

The obligations under the 2021 BSP Term Loan Agreement were guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and were 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 and subject to the priority lien granted under the JPMorgan ABL Credit Agreement (see Note 10 – Credit Facility).

The agent and Sole Lead Arranger under the 2021 BSP Term Loan were affiliates of an affiliate of the Company, which affiliate, at the time of refinancing, owned common stock, and the 3.25% convertible senior notes due 2023 of the Company as well as the Company’s outstanding Series A Preferred Stock (see Note 11 – Related Party Transactions).

The fair value of the Company’s 2021 BSP Term Loan was considered Level 3 fair value (see Note 15 – Fair Value Measurements for further discussion of the fair value hierarchy) and was measured using the discounted future cash flow method. In addition to the debt terms, the valuation methodology included an assumption of a discount rate that approximated the current yield on a debt security with comparable risk. This assumption was considered an unobservable input in that it reflected the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believed that this was the best information available for use in the fair value measurement. The estimated fair value of the 2021 BSP Term Loan was $69.3 million as of December 31, 2022 compared to a carrying value of $68.9 million as of December 31, 2022.

On June 27, 2022, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary fee-free $10.0 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan.

On September 28, 2022, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary $17.5 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan and incurred a $0.5 million prepayment penalty.

On January 3, 2023, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company made a voluntary $15.0 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan and incurred a $0.2 million prepayment penalty.

On March 3, 2023, as required by the terms within the 2021 BSP Term Loan Agreement under the Excess Cash Flow (“ECF”) Sweep provision, the Company made a mandatory $23.1 million payment towards the outstanding principal amount of the 2021 BSP Term Loan.

On June 5, 2023, the Company paid in full the 2021 BSP Term Loan and terminated the 2021 BSP Term Loan Agreement by making a $30.2 million prepayment towards the outstanding principal amount. Additionally, the Company made a $0.4 million payment towards the outstanding accrued interest, and a $0.3 million payment for the prepayment penalty and other related fees. In connection with this transaction, the Company recognized a loss on debt extinguishment of $1.0 million on its condensed consolidated statements of operations.

Loan under Paycheck Protection Program

On June 12, 2020, the Company received a $6.2 million loan under the Paycheck Protection Program (“PPP”) within the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”). The PPP loan maturity date was June 2, 2022, and was subject to the CARES Act terms which included, among other terms, an interest rate of 1.00% per annum and monthly installment payments of $261,275 commencing on September 27, 2021. The PPP loan allowed for prepayment at any time prior to maturity with no prepayment penalties. The PPP Loan was subject to events of default and other provisions customary for a loan of this type. A 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. On September 10, 2021, the full amount of the PPP loan was forgiven. The Small Business Administration (“SBA”) may review the Company’s PPP loan forgiveness application for six years after the date of forgiveness. The Company may be subjected to penalties and repayment of the PPP loan if the SBA disagrees with the Company’s eligibilities. Income from the forgiveness of the PPP Loan was recognized as a $6.2 million gain on loan forgiveness for the year ended December 31, 2021, in the consolidated statements of operations.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//470/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1C
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
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-Paragraph 1C
-Subparagraph (b)
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1C

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

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-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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+ Details

Summary of Significant Accounting Policies (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Summary of Significant Accounting Policies (Details) [Line Items]

Cash and Cash Equivalents, Held in Foreign Currency

$ 21,500

$ 39,400

Accounts Receivable, Credit Loss Expense (Reversal)

726

233

$ (1,397)

Sales Commissions and Fees

2,900

2,200

Selling, General and Administrative Expense

164,246

150,016

144,190

Sales Reserves and Allowances

38,531

51,877

Accounts Receivable, after Allowance for Credit Loss

123,800

102,800

Inventory Valuation Reserves

7,700

9,000

Depreciation

8,600

9,600

9,200

Advertising Expense

$ 14,300

$ 12,200

13,200

Temporary Equity, Shares Outstanding (in Shares)

200,000

Temporary Equity, Dividends, Adjustment

^[1]

$ 1,502

$ 1,416

$ 1,334

Convertible Debt Securities [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)

1,735,938

Restricted Stock [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in Shares)

122,371

Shipping and Handling [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Selling, General and Administrative Expense

$ 7,700

$ 5,400

Minimum [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Allowance for Sales Return

1.00%

Maximum [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Allowance for Sales Return

20.00%

Non-Participating [Member]

Summary of Significant Accounting Policies (Details) [Line Items]

Temporary Equity, Shares Outstanding (in Shares)

200,000

[1]	The 200,000 shares issued and outstanding are non-participating.

Income Taxes (Details) - Schedule of Components of Income Tax Expense (Benefit) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current income tax expense (benefit):
Federal	$ 11,935	$ 11,293	$ 1
State and local	2,167	2,031	43
Foreign	3,070	3,523	254
Total Current	17,172	16,847	298
Deferred income tax expense (benefit):
Federal	(8,989)	(51,579)	0
State and Local	(1,358)	(6,071)	0
Foreign	8	(205)	(72)
Deferred	(10,339)	(57,855)	(72)
Total	$ 6,833	$ (41,008)	$ 226

Share-Based Payments (Details) $ / shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant (in Shares) \| shares	1,847,686
Maximum [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	4 years
Restricted Stock [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount (in Dollars)
Restricted Stock [Member] \| Maximum [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	3 years
Restricted Stock [Member] \| Minimum [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	1 year
Restricted Stock Units (RSUs) [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount (in Dollars)	$ 15.4
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 2 months 12 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instrument Other than Option, Nonvested, Intrinsic Value (in Dollars per share) \| $ / shares	$ 46.4

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 72,350	$ 85,297
Restricted cash	204	193
Accounts receivable, net of allowance for credit losses of $3,743 and $2,865 in 2023 and 2022, respectively	123,797	102,771
Inventory	52,647	80,619
Prepaid expenses and other assets	6,374	6,331
Total current assets	255,372	275,211
Property and equipment
Office furniture and equipment	8,852	10,064
Molds and tooling	120,396	113,714
Leasehold improvements	6,708	6,659
Total	135,956	130,437
Less accumulated depreciation and amortization	121,357	115,575
Property and equipment, net	14,599	14,862
Operating lease right-of-use assets, net	23,592	19,913
Other long-term assets	2,162	2,469
Deferred income tax assets, net	68,143	57,804
Goodwill	35,083	35,083
Total assets	398,951	405,342
Current liabilities
Accounts payable	42,177	33,687
Accounts payable - Meisheng (related party)	12,259	9,820
Accrued expenses	45,102	37,998
Reserve for sales returns and allowances	38,531	51,877
Income taxes payable	3,785	8,165
Short-term operating lease liabilities	7,380	10,746
Short-term debt, net	0	25,529
Total current liabilities	149,234	177,822
Long-term operating lease liabilities	16,666	9,863
Accrued expenses – long term	3,746	0
Debt, non-current portion, net of issuance costs and debt discounts	0	41,622
Preferred stock derivative liability	29,947	21,918
Income taxes payable	3,245	2,929
Total liabilities	202,838	254,154
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; 200,000 shares issued and outstanding in 2023 and 2022	5,992	4,490
Stockholders' Equity
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,096,197 and 9,742,236 shares issued and outstanding in 2023 and 2022, respectively	10	10
Additional paid-in capital	278,642	275,187
Accumulated deficit	(73,612)	(112,018)
Accumulated other comprehensive loss	(15,627)	(17,482)
Total JAKKS Pacific, Inc. stockholders' equity	189,413	145,697
Non-controlling interests	708	1,001
Total stockholders' equity	190,121	146,698
Total liabilities, preferred stock and stockholders' equity	$ 398,951	$ 405,342

Credit Facilities

12 Months Ended

Dec. 31, 2023

Credit Facilities Abstract

Credit Facilities [Text Block]

Note 10—Credit Facilities

JPMorgan Chase

On June 2, 2021, the Company and certain of its subsidiaries, as borrowers, entered into a Credit Agreement (the “JPMorgan ABL Credit Agreement”), with JPMorgan Chase Bank, N.A., as agent and lender for a $67,500,000 senior secured revolving credit facility (the “JPMorgan ABL Facility”). The JPMorgan ABL Credit Agreement replaced the Company’s existing asset-based revolving credit agreement, dated as of March 27, 2014 (the “Wells Fargo ABL Facility,” formerly known as the “Amended ABL Facility” in prior filings), with General Electric Capital Corporation, since assigned to Wells Fargo Bank, National Association. The Company pays a commitment fee (0.25% - 0.375%) based on the unused portion of the revolving credit facility. Any amounts borrowed under the JPMorgan ABL Facility bore interest at either (i) LIBOR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor). The JPMorgan ABL Facility matures in June 2026. As of December 31, 2023 and 2022, the weighted average interest rate on the credit facility with JPMorgan Chase Bank was 6.77% and 1.88%, respectively.

In March 2023, the Company entered into a first amendment for its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its JPMorgan ABL Facility from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the ABL Facility became effective on March 16, 2023. Any amounts borrowed under the JPMorgan ABL Facility will bear interest at either (i) SOFR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) plus a constant 0.10% spread adjustment or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor).

The JPMorgan 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. Under certain circumstances the Company is also subject to a springing fixed charge coverage ratio covenant of not less than 1.1 to 1.0, as described in more detail in the JPMorgan ABL Credit Agreement.

The JPMorgan ABL Credit Agreement contains events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults, loss of liens or guarantees and a change of control as specified in the JPMorgan ABL Credit Agreement. If an event of default occurs, the commitments of the lenders to lend under the JPMorgan ABL Credit Agreement may be terminated and the maturity of the amounts owed may be accelerated.

The obligations under the JPMorgan 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 December 31, 2023, the amount of outstanding borrowings was nil and the total excess borrowing availability was $53.3 million.

As of December 31, 2023, off-balance sheet arrangements include letters of credit issued by JPMorgan of $9.4 million.

Amortization expense classified as interest expense related to the $1.6 million of debt issuance costs associated with the transaction that closed on June 2, 2021 was $0.3 million and $0.3 million for the years ended December 31, 2023 and 2022, respectively.

As of December 31, 2023, the Company was in compliance with the financial covenants under the JPMorgan ABL Credit Agreement. As of December 31, 2022 the Company was in compliance with the financial covenants under the 2021 BSP Term Loan Agreement and the JPMorgan ABL Agreement.

Subsequent Events (Details) $ / shares in Units, $ in Millions	Mar. 11, 2024 USD ($) $ / shares shares
Subsequent Events (Details) [Line Items]
Stock Redeemed or Called During Period, Value	$ 15.0
Stock Redeemed or Called During Period, Shares (in Shares) \| shares	571,295
Series A Preferred Stock [Member]
Subsequent Events (Details) [Line Items]
Stock Redeemed or Called During Period, Value	$ 20.0
Preferred Stock, Redemption Price Per Share (in Dollars per share) \| $ / shares	$ 26.26
Payable, Preferred Stock Redeemed	$ 29.9
Dividends Payable	$ 6.0

Leases (Details) - Lessee, Operating Lease, Liability, Maturity $ in Thousands	Dec. 31, 2023 USD ($)
Lessee Operating Lease Liability Maturity Abstract
2024	$ 8,713
2025	6,432
2026	4,525
2027	4,274
2028	4,384
Thereafter	127
Total lease payments	28,455
Imputed interest	(4,409)
Total	$ 24,046

Share-Based Payments

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Share-Based Payment Arrangement [Text Block]

Note 17—Share-Based Payments

Under the Company’s 2002 Stock Award and Incentive Plan (“the Plan”), which incorporated its Third Amended and Restated 1995 Stock Option Plan, the Company has reserved shares of its common stock for issuance upon the exercise of options granted under the Plan, as well as for the awarding of other securities. Under the Plan, employees (including officers), non-employee directors and independent consultants may be granted options to purchase shares of common stock, restricted stock units and other securities (see Note 14 - Common Stock and Preferred Stock). The vesting of these share-based awards may vary, but typically vest over a requisite service period or are based on performance criteria, with a maximum vesting period of four years. Restricted shares typically vest in the same manner, with the exception of certain awards vesting over one to three years. Share-based compensation expense is recognized on a straight-line basis over the requisite service period. Compensation expense for performance-awards is measured based on the amount of shares ultimately expected to vest, estimated at each reporting date based on management expectations regarding the relevant performance criteria. Unlike the restricted stock awards, the shares for the restricted stock units are not issued until vested. As of December 31, 2023, 1,847,686 shares were available for future grant. Additional shares may become available to the extent that options or shares of restricted stock presently outstanding under the Plan terminate, expire, or are forfeited.

Restricted Stock Award

Under the Plan, share-based compensation payments may include the issuance of shares of restricted stock. Restricted stock award grants are based upon employment contracts, which vary by individual and year, and are subject to vesting conditions.

The following table summarizes the restricted stock award activity, annually, for the year ended December 31, 2023, 2022 and 2021:

	2023				2022				2021
			Weighted				Weighted					Weighted
	Number of		Average Grant Date		Number of		Average Grant Date		Number of			Average Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares			Fair Value
Outstanding, January 1		—	$	—		—	$	—		507,867		$	12.73
Granted		—		—		—		—		113,896			4.98
Vested		—		—		—		—		(97,645	)		20.87
Forfeited		—		—		—		—		(93,352	)		12.67
Converted to RSU		—		—		—		—		(430,766	)		8.85
Outstanding, December 31		—		—		—		—		—			—

As of December 31, 2023, 2022 and 2021 there was nil of total unrecognized compensation cost related to non-vested restricted stock.

On September 27, 2021, the Company amended the employment agreements with certain executives. The purpose of the amendments was to change the issuance, past and future, of all restricted stock awards to restricted stock units. All other material terms of the respective employment agreements remain the same, including without limitation, the terms of all such grants including the timing of all vesting periods and the vesting benchmarks.

Restricted Stock Units

Under the Plan, share-based compensation payments may include the issuance of Restricted Stock Units (RSUs) to employees, which occurs approximately once per year and are subject to vesting conditions. RSUs are valued at the market price of the shares underlying the award on the date of grant.

The following table summarizes the RSU award activity, annually for the year ended December 31, 2023, 2022 and 2021:

	2023					2022					2021
				Weighted					Weighted					Weighted
	Number of			Average Grant Date		Number of			Average Grant Date		Number of			Average Grant Date
	Shares			Fair Value		Shares			Fair Value		Shares			Fair Value
Outstanding, January 1		1,408,586		$	12.82		1,073,902		$	8.62		131,517		$	6.32
Granted		436,792			21.11		827,349			16.75		540,154			8.72
Vested		(504,384	)		11.75		(343,427	)		8.37		(23,089	)		17.28
Forfeited		(34,588	)		16.70		(149,238	)		14.70		(5,446	)		9.66
Converted from RSA		—			—		—			—		430,766			8.85
Outstanding, December 31		1,306,406			16.47		1,408,586			12.82		1,073,902			8.62

As of December 31, 2023, there was $15.4 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 2.2 years.

As of December 31, 2023, the fair market value of non-vested restricted stock units was $46.4 million.

Share-Based Compensation Expense

The following table summarizes the total share-based compensation expense (in thousands) which is recognized in General and administrative expenses in the Consolidated Statement of Operations:

	Year Ended December 31,
	2023		2022		2021
Share-based compensation expense	$	8,027	$	5,082	$	2,093

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Parent [Member]	Total
Balance at Dec. 31, 2020	$ 6	$ 221,590	$ (197,423)	$ (12,446)	$ 1,211	$ 12,938	$ 11,727
Balance (in Shares) at Dec. 31, 2020	5,695
Stock-based compensation expense		2,093				2,093	2,093
Stock-based compensation expense (in Shares)	43
RSA to RSU conversion (in Shares)	(431)
Conversion of convertible senior notes	$ 4	50,756				50,760	50,760
Conversion of convertible senior notes (in Shares)	4,247
Repurchase of common stock for employee tax withholding		(164)				(164)	(164)
Repurchase of common stock for employee tax withholding (in Shares)	(33)
Preferred stock accrued dividends		(1,334)				(1,334)	(1,334)
Net income (loss)			(6,008)		120	(5,888)	(6,008)
Foreign currency translation adjustment				(506)		(506)	(506)
Balance at Dec. 31, 2021	$ 10	272,941	(203,431)	(12,952)	1,331	57,899	56,568
Balance (in Shares) at Dec. 31, 2021	9,521
Stock-based compensation expense		5,082				5,082	5,082
Stock-based compensation expense (in Shares)	334
Repurchase of common stock for employee tax withholding		(1,420)				(1,420)	(1,420)
Repurchase of common stock for employee tax withholding (in Shares)	(113)
Preferred stock accrued dividends		(1,416)				(1,416)	(1,416)
Net income (loss)			91,413		(330)	91,083	91,413
Foreign currency translation adjustment				(4,530)		(4,530)	(4,530)
Balance at Dec. 31, 2022	$ 10	275,187	(112,018)	(17,482)	1,001	146,698	145,697
Balance (in Shares) at Dec. 31, 2022	9,742
Stock-based compensation expense		8,027				8,027	8,027
Stock-based compensation expense (in Shares)	511
Repurchase of common stock for employee tax withholding		(3,070)				(3,070)	(3,070)
Repurchase of common stock for employee tax withholding (in Shares)	(157)
Preferred stock accrued dividends		(1,502)				(1,502)	(1,502)
Net income (loss)			38,406		(293)	38,113	38,406
Foreign currency translation adjustment				1,855		1,855	1,855
Balance at Dec. 31, 2023	$ 10	$ 278,642	$ (73,612)	$ (15,627)	$ 708	$ 190,121	$ 189,413
Balance (in Shares) at Dec. 31, 2023	10,096

Common Stock and Preferred Stock (Details)

1 Months Ended

12 Months Ended

Jul. 01, 2022

USD ($)

Aug. 09, 2019

$ / shares

Jan. 31, 2021

USD ($)

Dec. 31, 2023

USD ($)

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Common Stock and Preferred Stock (Details) [Line Items]

At Market Issuance Sales Agreement Offering Maximum

$ 75,000,000

Additional Securities Available

$ 150,000,000

Temporary Equity, Shares Outstanding (in Shares) | shares

200,000

Temporary Equity, Initial Value Per Share (in Dollars per share) | $ / shares

$ 100

Annual Dividend Rate

6.00%

Temporary Equity, Dividends, Adjustment

^[1]

$ 1,502,000

$ 1,416,000

$ 1,334,000

Mandatorily Redeemable Preferred Stock, Fair Value Disclosure

26,000,000

24,500,000

Preferred Stock, Liquidation Preference, Value

39,000,000

36,700,000

Minimum [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Temporary Equity, Liquidation Preference Percent Of Accreted Amount

20.00%

Maximum [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Temporary Equity, Liquidation Preference Percent Of Accreted Amount

150.00%

Redeemable Preferred Stock [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Dividends

Dividends Payable

6,000,000

4,500,000

Redeemable Preferred Stock [Member] | Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value

$ 29,900,000

$ 21,900,000

Executive Officer [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Number Of Executive Officers

Restricted Stock [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Restricted Stock Award, Forfeitures

$ 600,000

$ 2,200,000

Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures (in Shares) | shares

34,588

149,238

Restricted Stock [Member] | Executive Officer [Member]

Common Stock and Preferred Stock (Details) [Line Items]

Stock Issued During Period, Shares, Restricted Stock Award, Forfeited (in Shares) | shares

157,019

113,162

Restricted Stock Award, Forfeitures

$ 3.1

$ 1,400,000

Stock Issued During Period, Shares, Restricted Stock Award, Gross (in Shares) | shares

200,000

Stock Issued During Period, Value, Restricted Stock Award, Gross

$ 1,000.000

[1]	The 200,000 shares issued and outstanding are non-participating.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Net sales

$ 711,557

$ 796,187

$ 621,116

Cost of sales:

Cost of goods

488,204

584,901

438,159

Gross profit

223,353

211,286

182,957

Direct selling expenses

36,987

33,290

43,069

General and administrative expenses

126,893

114,819

98,712

Depreciation and amortization

366

1,907

2,409

Selling, general and administrative expense

164,246

150,016

144,190

Intangible asset impairment

300

Income from operations

59,107

60,970

38,767

Loss from joint ventures

(565)

Other income (expense), net

563

797

446

Change in fair value of preferred stock derivative liability

(8,029)

(636)

(13,220)

Change in fair value of convertible senior notes

(16,419)

Gain on loan forgiveness

6,206

Loss on debt extinguishment

(1,023)

(7,351)

Interest income

1,344

127

Interest expense

(6,451)

(11,183)

(14,104)

Income (loss) before provision for (benefit from) income taxes

44,946

50,075

(5,662)

Provision for (benefit from) income taxes

6,833

(41,008)

226

Net income (loss)

38,113

91,083

(5,888)

Net income (loss) attributable to non-controlling interests

(293)

(330)

120

Net income (loss) attributable to JAKKS Pacific, Inc.

38,406

91,413

(6,008)

Net income (loss) attributable to common stockholders

^[1]

$ 36,904

$ 89,997

$ (7,342)

Earnings (loss) per share - basic (in Dollars per share)

$ 3.7

$ 9.33

$ (0.98)

Shares used in earnings (loss) per share - basic (in Shares)

9,962,000

9,651,000

7,498,000

Earnings (loss) per share - diluted (in Dollars per share)

$ 3.48

$ 8.86

$ (0.98)

Shares used in earnings (loss) per share - diluted (in Shares)

10,590,000

10,155,000

7,498,000

Cost of Sales [Member]

Cost of sales:

Cost of goods

$ 362,378

$ 449,597

$ 343,130

Royalty [Member]

Cost of sales:

Cost of goods

117,607

126,633

87,187

Amortization of tools and mold [Member]

Cost of sales:

Cost of goods

$ 8,219

$ 8,671

$ 7,842

[1]	Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $1.5 million, $1.4 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021 respectively.

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Provision for income taxes reflected in the accompanying consolidated statements of operations are comprised of the following (in thousands):

	Year ended December 31,
	2023			2022			2021
Current income tax expense (benefit):
Federal	$	11,935		$	11,293		$	1
State and local		2,167			2,031			43
Foreign		3,070			3,523			254
Total current income tax expense (benefit)		17,172			16,847			298
Deferred income tax expense (benefit):
Federal		(8,989	)		(51,579	)		—
State and Local		(1,358	)		(6,071	)		—
Foreign		8			(205	)		(72	)
Total deferred income tax expense (benefit)		(10,339	)		(57,855	)		(72	)

Total income tax expense (benefit)	$	6,833		$	(41,008	)	$	226

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The components of deferred tax assets/(liabilities) are as follows (in thousands):

	Year ended December 31,
Deferred Income Tax Assets:	2023			2022
Reserve for sales allowances and possible losses	$	654		$	469
Accrued expenses		3,467			3,884
Prepaid royalties		676			599
Accrued royalties		1,693			465
Inventory		12,444			9,574
State income taxes		477			420
Property and equipment		1,789			1,701
Goodwill and intangibles		1,192			2,412
Share based compensation		1,025			738
Interest limitation		2,243			2,256
Operating lease liabilities		4,991			4,120
Federal and state net operating loss carryforwards		34,458			31,263
Credit carryforwards		110			110
Research and development capitalization		7,962			3,792
Other		1,097			1,195
Total Deferred Income Tax Assets		74,278			62,998

Deferred Income Tax Liabilities:
Undistributed foreign earnings		(503	)		(479	)
Operating lease right-of-use assets		(4,908	)		(3,989	)
Total Deferred Income Tax Liabilities		(5,411	)		(4,468	)
Valuation allowance		(724	)		(726	)
Total Net Deferred Income Tax Assets/(Liabilities)	$	68,143		$	57,804

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

Provision for income taxes varies from the U.S. federal statutory rate. The following reconciliation shows the significant differences in the tax at statutory and effective rates:

	Year ended December 31,
	2023			2022			2021
Federal income tax expense		21.0	%		21.0	%		21.0	%
State income tax expense, net of federal tax effect		2.0			1.9			3.3
Effect of differences in U.S. and foreign statutory rates		(1.1	)		(1.3	)		(0.5	)
Uncertain tax positions		0.6			5.5			7.0
Provision to return		(0.1	)		(0.2	)		5.0
Other deferred adjustments		(5.7	)		21.4			1.3
Change in tax rate		0.1			6.9			6.5
Foreign derived intangible income		(9.8	)		(10.6	)		0.0
Non-deductible expenses		(0.7	)		4.7			(38.5	)
PPP Loan		0.0			0.0			29.1
Unrealized loss		4.2			0.3			(138.9	)
Section 162(m)		6.4			4.2			(30.2	)
R&D credit		(1.5	)		(0.5	)		0.0
Foreign tax credit		0.0			(3.6	)		0.0
Undistributed foreign earnings		0.1			(1.4	)		(8.7	)
Valuation allowance		0.0			(130.2	)		139.6
Other		(0.3	)		0.0			0.0
		15.2	%		(81.9	)%		(4.0	)%

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The components of income (loss) before provision for income taxes are as follows (in thousands):

	Year ended December 31,
	2023		2022		2021
Domestic	$	28,552	$	31,588	$	(7,881	)
Foreign		16,394		18,487		2,219
	$	44,946	$	50,075	$	(5,662	)

Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]

The following table provides further information of UTPs that would affect the effective tax rate, if recognized, as of December 31, 2023 (in millions):

Balance, December 31, 2020	$	1.0
Settlements		(0.8	)
Balance, December 31, 2021		0.2
Additions based on tax positions related to the current year		0.1
Additions for tax positions of prior years		2.8
Settlements		(0.2	)
Balance, December 31, 2022		2.9
Additions based on tax positions related to the current year		0.3
Additions for tax positions of prior years		0.8
Settlements		(0.9	)
Balance, December 31, 2023	$	3.1

Leases

12 Months Ended

Dec. 31, 2023

Disclosure Text Block [Abstract]

Lessee, Operating Leases [Text Block]

Note 13—Leases

The Company has lease agreements with lease and non-lease components, which are generally accounted for separately. The Company has operating leases for corporate offices, warehouses, and certain equipment. The Company’s leases have remaining lease terms of 1 to 6 years, some of which include options to extend the lease for up to 10 years, and some of which include options to terminate the lease within 1 year. As of December 31, 2023, the Company’s weighted average remaining lease term is approximately 4 years and the weighted average discount rate used to calculate the Company’s lease liability is approximately 7.31%. As of December 31, 2022, the Company’s weighted average remaining lease term is approximately 2 years and the weighted average discount rate used to calculate the Company’s lease liability is approximately 5.22%.

Under ASC 842, total operating lease costs for the years ended December 31, 2023, 2022 and 2021 were $12.4 million, $19.1 million, and $10.3 million, respectively. Of the $12.4 million for the year ended December 31, 2023, $3.3 million was related to short-term and variable lease costs, including common area maintenance charges, management fees, taxes and storage fees. Sublease rental income was $1.5 million in 2023. Of the $19.1 million for the year ended December 31, 2022, $10.7 million was related to short-term and variable lease costs, including common area maintenance charges, management fees, taxes and storage fees. Sublease rental income was $2.2 million in 2022. Of the $10.3 million for the year ended December 31, 2021, $2.0 million was related to short-term and variable lease costs, including common area maintenance charges, management fees, taxes and storage fees. Sublease rental income was $2.2 million in 2021.

The Company had a cash outflow of $10.7 million, $11.5 million and $11.4 million related to operating leases for the years ended December 31, 2023, 2022 and 2021, respectively.

The following table represents a reconciliation of the Company’s undiscounted future minimum lease payments under operating leases to the lease liability excluding minimum lease payments for executed and legally enforceable leases that have not yet commenced as of December 31, 2023 (in thousands):

Year ending December 31,
2024	$	8,713
2025		6,432
2026		4,525
2027		4,274
2028		4,384
Thereafter		127
Total lease payments		28,455
Imputed interest		(4,409	)
Total	$	24,046

As of December 31, 2023 and 2022, the minimum lease payments for executed and legally enforceable leases that have not yet commenced were nil.

Common Stock and Preferred Stock (Details) - Temporary Equity - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Temporary Equity [Abstract]
Balance	$ 4,490	$ 3,074	$ 1,740
Preferred stock accrued dividends	1,502	1,416	1,334
Balance	$ 5,992	$ 4,490	$ 3,074

- Definition

Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 14.E.Q2)
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
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-Publisher FASB
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

+ Details

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

Note 2—Summary of Significant Accounting Policies

Principles of consolidation and basis of preparation

These consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and its majority owned joint venture. All intercompany transactions have been eliminated.

Cash and cash equivalents

The Company considers all highly liquid investments with an original maturity of three months or less, when acquired, to be cash equivalents. The Company maintains its cash in bank deposits which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant credit risk of cash and cash equivalents.

Cash and cash equivalents, including restricted cash, held outside of the United States in various foreign subsidiaries totaled $21.5 million and $39.4 million as of December 31, 2023 and 2022, 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 we expect would not be significant as of December 31, 2023.

Restricted cash

Restricted cash consists of a cash collateral account to cover a guarantee bond.

Accounts Receivable and Allowance for Current Expected Credit Losses

Credit is granted to customers on an unsecured basis. Credit limits and payment terms are established based on evaluations made on an ongoing basis throughout the fiscal year of the financial performance, cash generation, financing availability and liquidity status of each customer. Customers are reviewed at least annually, with more frequent reviews performed as necessary, depending upon the customer’s financial condition and the level of credit being extended. For customers who are experiencing financial difficulties, management performs additional financial analyses before shipping to those customers on credit. The Company uses a variety of financial arrangements to ensure collectability of accounts receivable of customers deemed to be a credit risk, including requiring letters of credit, purchasing various forms of credit insurance with unrelated third parties, or requiring cash in advance of shipment.

The Company records an allowance for current expected credit losses based upon management’s assessment of the business environment, customers’ risk profile characteristics, historical collection and loss information, aging of accounts receivables, and other matters specific to customer accounts to establish pools based on customer risk profile characteristics and the historical loss rates applied to each pool under the expected credit loss model. The allowance consists of the following (in thousands):

	2023		2022
Allowance, beginning balance	$	2,865	$	2,626
Net additions		726		233
Write-offs and other		152		6
Allowance, ending balance	$	3,743	$	2,865

Bad debt expense was $0.7 million, $0.2 million and $(1.4) million for the years ended December 31, 2023, 2022 and 2021, respectively

Use of estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the dates of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting periods. Actual future results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable and sales allowances, fair values of financial instruments, intangible assets and goodwill, useful lives of intangible assets and property and equipment, income taxes, and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities.

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 Costumes. The Company further disaggregates revenues by major geographic regions (See Note 3 - 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. 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. To the extent these cooperative advertising arrangements provide a distinct benefit at fair value, they are accounted for as direct selling expenses, otherwise they are recorded as a reduction to revenue. 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.

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. For the twelve months ended December 31, 2023, 2022 and 2021 sales commissions were $2.9 million, $2.9 million and $2.2 million, respectively.

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. For the twelve months ended December 31, 2023, 2022 and 2021, shipping and handling costs were $8.6 million, $7.7 million and $5.4 million, respectively.

The Company’s reserve for sales returns and allowances amounted to $38.5 million and $51.9 million as of December 31, 2023 and 2022.

The Company’s net accounts receivable as of December 31, 2023, and 2022 were $123.8 million and $102.8 million, respectively.

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.

Inventory

Inventory, which includes the ex-factory cost of goods, capitalized warehouse costs and in-bound freight and duty, is valued at the lower of cost (weighted average) or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands):

	December 31,
	2023		2022
Raw materials	$	122	$	69
Finished goods		52,525		80,550
	$	52,647	$	80,619

As of December 31, 2023 and 2022, the inventory obsolescence reserve was $7.7 million and $9.0 million, respectively.

Royalties

The Company enters into license agreements with strategic partners, inventors, designers and others for the use of intellectual properties in its products. These agreements may call for payment in advance or future payment of minimum guaranteed amounts. Amounts paid in advance are recorded as an asset and charged to expense when the related revenue is recognized in the consolidated statements of operations. If all or a portion of the minimum guaranteed amounts appear not to be recoverable through future use of the rights obtained under the license, the non-recoverable portion of the guaranty is charged to expense at that time.

Leases

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets and operating lease liabilities in its consolidated balance sheets. The Company does not have any finance leases.

ROU assets represent the Company's right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit interest rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any prepaid lease amounts and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease when it is reasonably certain that it will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

The Company excludes right-of-use (”ROU") assets and lease liabilities for leases with an initial term of 12 months or less from the balance sheet.

Deferred Financing Charges

Deferred financing charges consist of credit facility loan origination fees. These charges are capitalized and amortized over the life of the line of credit agreement.

Property and equipment

Property and equipment are stated at cost and are being depreciated using the straight-line method over their estimated useful lives as follows:

Office equipment	5 years
Automobiles	5 years
Furniture and fixtures	5 - 7 years
Leasehold improvements	Shorter of length of lease or 10 years

During interim reporting periods, the Company uses the usage method as its depreciation methodology for molds and tools used in the manufacturing of its products, which is more closely correlated to the production of goods as it follows the seasonality of sales. The Company believes that the usage method more accurately matches costs with revenues. From a full-year perspective, the depreciation methodology follows the straight-line method, based on the estimated useful life of molds and tools of three years. Estimated useful lives are periodically reviewed and, where appropriate, changes are made prospectively. The carrying value of property and equipment is reviewed when events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. No impairment charges were recorded for the years ended December 31, 2023, 2022 and 2021.

For the years ended December 31, 2023, 2022 and 2021, the Company’s aggregate depreciation expense related to property and equipment was $8.6 million, $9.6 million and $9.2 million, respectively.

Other Comprehensive Income (Loss)

Other comprehensive income (loss) includes all changes in equity from non-owner sources. The Company accounts for other comprehensive income in accordance with Accounting Standards Codification (“ASC”) ASC 220, “Comprehensive Income.” All the activity in other comprehensive income (loss) and all amounts in accumulated other comprehensive income (loss) relate to foreign currency translation adjustments.

Advertising

Production costs of commercials and programming are charged to operations in the period during which the production is first aired. The costs of other advertising, promotion and marketing programs are charged to operations in the period incurred. Advertising expense for the years ended December 31, 2023, 2022 and 2021, was approximately $13.2 million, $14.3 million and $12.2 million, respectively.

Income taxes

The Company does not file a consolidated return with its foreign subsidiaries. The Company files federal and state returns and its foreign subsidiaries file returns in their respective jurisdictions. Deferred taxes are provided on an asset and liability method. Deferred tax assets are recognized as deductible temporary differences, operating losses, or tax credit carry-forwards. Deferred tax liabilities are recognized as taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

The Company recognizes net deferred tax assets to the extent that the Company believes these assets are more likely than not to be realized. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If management determines that the Company would be able to realize its deferred tax assets in the future in excess of their net recorded amount, management would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.

The Company records uncertain tax positions on the basis of a two-step process whereby (1) management determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, management recognizes the largest amount of tax benefit that is more than 50% likely to be realized upon ultimate settlement with the related tax authority. The Company recognizes interest and penalties related to unrecognized tax benefits within income tax expense. Any accrued interest and penalties are included within the related tax liability.

Revision of Previously Disclosed Amounts

During the course of preparing the Company’s financial statements as of and for the year ended December 31, 2023, the Company adjusted the rate reconciliation table in Note 12 – Income Taxes to break out more material items of the rate reconciliation for comparative purposes. Additionally, the Company adjusted the UTP table disclosed in Note 12 – Income Taxes to exclude associated tax interest. See Note 12 – Income Taxes, for further details.

Foreign Currency Translation Exposure

The Company’s reporting currency is the U.S. dollar. The translation of its net investment in subsidiaries with non-U.S. dollar functional currencies subjects the Company to currency exchange rate fluctuations in its results of operations and financial position. Assets and liabilities of subsidiaries with non-U.S. dollar functional currencies are translated into U.S. dollars at year-end exchange rates. Income, expense and cash flow items are translated at average exchange rates prevailing during the year. The resulting currency translation adjustments are recorded as a component of accumulated other comprehensive income (loss) within stockholders’ equity. The Company’s primary currency translation exposures in 2023, 2022 and 2021 were related to its net investment in entities having functional currencies denominated in the Hong Kong Dollar, British Pound, Canadian Dollar, Chinese Yuan, Mexican Peso and the Euro.

Foreign Currency Transaction Exposure

Currency exchange rate fluctuations may impact the Company’s results of operations and cash flows. The Company’s currency transaction exposures include gains and losses realized on unhedged inventory purchases and unhedged receivables and payables balances that are denominated in a currency other than the applicable functional currency. Gains and losses on unhedged inventory purchases and other transactions associated with operating activities are recorded in the components of operating income in the consolidated statement of operations.

Accounting for the impairment of finite-lived tangible and intangible assets

Long-lived assets with finite lives, which include property and equipment and intangible assets other than goodwill, are evaluated for impairment when events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable through the estimated undiscounted future cash flows from the use of these assets. When any such impairment exists, the related assets will be written down to fair value. Finite-lived intangible assets often consist of product technology rights, acquired backlog, customer relationships, product lines and license agreements. These intangible assets are amortized over the estimated economic lives of the related assets.

Goodwill and other indefinite-lived intangible assets

Goodwill and indefinite-lived intangible assets are not amortized, but are tested for impairment at least annually at the reporting unit level and asset level. The annual goodwill test is performed in the second quarter and whenever events or changes in circumstances indicate that the carrying amount of a reporting unit may exceed its fair value, the Company may assess goodwill for impairment using a qualitative assessment. Qualitative factors and their impact on critical inputs are assessed to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying value. If the Company determines that a reporting unit has an indication of impairment based on the qualitative assessment, it is required to perform a quantitative assessment. The Company may bypass the qualitative assessment and perform a quantitative assessment. Impairment is recognized in the amount by which, if any, the carrying value of the reporting unit exceeds the fair value, not to exceed the carrying value of goodwill. Indefinite-lived intangible assets other than goodwill consist of trademarks.

The carrying value of goodwill and trademarks is based upon cost, which is subject to management’s current assessment of fair value. Management evaluates fair value recoverability using both objective and subjective factors. Objective factors include cash flows and analysis of recent sales and earnings trends. Subjective factors include management’s best estimates of projected future earnings and competitive analysis and the Company’s strategic focus.

Share-based Compensation

The Company measures all employee share-based compensation awards using a fair value method and records such expense in its consolidated statements of operations. Forfeitures are being recognized as they occur.

Earnings (Loss) per share

A reconciliation of the amounts used to calculate basic and diluted income (loss) per share for the years ended December 31, 2023, 2022, and 2021 follows (in thousands, except per share data):

	Year Ended December 31,
	2023			2022			2021
Net income (loss)	$	38,113		$	91,083		$	(5,888	)
Net income (loss) attributable to non-controlling interests		(293	)		(330	)		120
Net income (loss) attributable to JAKKS Pacific, Inc.		38,406			91,413			(6,008	)
Preferred stock dividend*		(1,502	)		(1,416	)		(1,334	)
Net income (loss) attributable to common stockholders**	$	36,904		$	89,997		$	(7,342	)
Weighted average common shares outstanding - basic		9,962			9,651			7,498
Earnings (loss) per share available to common stockholders - basic	$	3.70		$	9.33		$	(0.98	)
Weighted average common shares outstanding - diluted		10,590			10,155			7,498
Earnings (loss) per share available to common stockholders - diluted	$	3.48		$	8.86		$	(0.98	)

* The 200,000 shares issued and outstanding are non-participating.

** Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $1.5 million, $1.4 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021 respectively.

Basic earnings (loss) per share is calculated using the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of restricted stock awards, restricted stock units and convertible debt to the extent they are dilutive). For the years ended December 31, 2023, 2022 and 2021, the convertible senior notes interest and related weighted common share equivalent of nil, nil and 1,735,938, respectively, were excluded from the diluted earnings (loss) per share calculation since they would have been anti-dilutive. Potentially dilutive restricted stock awards and units of nil, nil and 122,371 for each of the years ended December 31, 2023, 2022 and 2021, respectively, were excluded from the computation of diluted earnings (loss) per share since they would have been anti-dilutive.

Recent Accounting Pronouncements

In June 2016, the FASB issued Accounting Standards Update (“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 adopted ASU 2016-13 and its related amendments on January 1, 2023. The adoption of this new accounting standard did not have a material impact on the Company’s consolidated financial statements.

In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” The ASUs provide temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions, for a limited period of time, to ease the potential burden of recognizing the effects of reference rate reform on financial reporting. The amendments in ASU 2020-04 apply to contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to the global transition away from LIBOR and certain other interbank offered rates. In December 2022, the FASB issued ASU 2022-06 which extended the effective date of the new standard to fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. In Q1 2023, the Company entered into amendments to its 2021 BSP Term Loan Agreement and its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its term loan and revolving line of credit from LIBOR to the Secured Overnight Financing Rate (“SOFR”) (See Note 9 – Debt and Note 10 – Credit Facilities). The adoption of this new accounting standard did not have a material impact on the Company’s consolidated financial statements.

In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The new guidance eliminates two of the three models in ASC 470-20, which required entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock. As a result, only conversion features accounted for under the substantial premium model in ASC 470-20 and those that require bifurcation in accordance with ASC 815-15 will be accounted for separately. In addition, the amendments in ASU 2020-06 eliminates some of the requirements in ASC 815-40 related to equity classification. The amendments in ASU 2020-06 further revised the guidance in ASC 260, Earnings Per Share (“EPS”), to address how convertible instruments are accounted for in calculating diluted EPS, and requires enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. The new standard is effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within these fiscal years, with early adoption permitted. The Company is currently evaluating the impact that the adoption of this new guidance will have on its consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this Update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new standard is effective for the Company for fiscal years beginning after December 15, 2023, with early adoption permitted. The Company is currently evaluating the impact that the updated disclosure will have on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU provides standardization of tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The new standard is effective for the Company for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact that the updated disclosure will have on its consolidated financial statements.

Income Taxes (Details) - Schedule of Unrecognized Tax Benefits Roll Forward - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Unrecognized Tax Benefits Roll Forward Abstract
Balance	$ 2.9	$ 0.2	$ 1.0
Additions based on tax positions related to the current year	0.3	0.1
Additions for tax positions of prior years	0.8	2.8
Settlements	(0.9)	(0.2)	(0.8)
Balance	$ 3.1	$ 2.9	$ 0.2

Related Party Transactions

12 Months Ended

Dec. 31, 2023

Note 11—Related Party Transactions

In November 2014, the Company entered into a joint venture with MC&C 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 (see Note 4 – Joint Ventures).

In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited, 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 (see Note 4 – Joint Ventures).

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. For the years ended December 31, 2023, 2022 and 2021, the Company made inventory, molds and tooling related payments to Meisheng of approximately $75.7 million, $120.5 million and $77.7 million respectively. As of December 31, 2023 and 2022, amounts due to Meisheng for inventory received by the Company, but not paid totaled $12.3 million and $9.8 million, respectively.

A director of the Company is a director at Benefit Street Partners, who owns 145,788 shares of the Series A Preferred Stock (see Note 14 – Common Stock and Preferred Stock).

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
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-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
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-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

+ Details

Commitments

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Commitments Disclosure [Text Block]

Note 16—Commitments

The Company has entered into various license agreements whereby the Company may use certain characters and intellectual properties in conjunction with its products. Generally, such license agreements provide for royalties to be paid ranging from 1% to 22% of net sales with minimum guarantees and advance payments. These license agreements are subject to audits by the licensor, which can result in additional payments due to the licensor.

In the event the Company estimates that a shortfall in achieving the minimum guarantee is probable, a liability is recorded for the estimated shortfall and charged to royalty expense.

Future annual minimum royalty guarantees as of December 31, 2023 are as follows (in thousands):

2024	$	45,066
2025		7,013
2026		1,059
	$	53,138

Royalty expense for the year ended December 31, 2023, 2022 and 2021, was $117.6 million, $126.6 million and $87.2 million, respectively.

The Company has entered into employment and consulting agreements with certain executives expiring through December 31, 2026. The aggregate future annual minimum guaranteed amounts due under those agreements as of December 31, 2023 are as follows (in thousands):

2024		7,560
2025		6,467
2026		3,700
	$	17,727

Summary of Significant Accounting Policies (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($)
$ / shares in Units, $ in Thousands

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Schedule Of Earnings Per Share Basic And Diluted Abstract

Net income (loss)

$ 38,113

$ 91,083

$ (5,888)

Net income (loss) attributable to non-controlling interests

(293)

(330)

120

Net income (loss) attributable to JAKKS Pacific, Inc.

38,406

91,413

(6,008)

Preferred stock dividend

^[1]

(1,502)

(1,416)

(1,334)

Net income (loss) attributable to common stockholders

^[2]

$ 36,904

$ 89,997

$ (7,342)

Weighted average common shares outstanding - basic (in Shares)

9,962,000

9,651,000

7,498,000

Earnings (loss) per share available to common stockholders - basic (in Dollars per share)

$ 3.7

$ 9.33

$ (0.98)

Weighted average common shares outstanding - diluted (in Shares)

10,590,000

10,155,000

7,498,000

Earnings (loss) per share available to common stockholders - diluted (in Dollars per share)

$ 3.48

$ 8.86

$ (0.98)

[1]	The 200,000 shares issued and outstanding are non-participating.
[2]	Net income (loss) attributable to common stockholders was computed by deducting preferred dividends of $1.5 million, $1.4 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021 respectively.

Income Taxes (Details) - Schedule of Effective Income Tax Rate Reconciliation	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Effective Income Tax Rate Reconciliation Abstract
Federal income tax expense	21.00%	21.00%	21.00%
State income tax expense, net of federal tax effect	2.00%	1.90%	3.30%
Effect of differences in U.S. and foreign statutory rates	(1.10%)	(1.30%)	(0.50%)
Uncertain tax positions	0.60%	5.50%	7.00%
Provision to return	(0.10%)	(0.20%)	5.00%
Other deferred adjustments	(5.70%)	21.40%	1.30%
Change in tax rate	0.10%	6.90%	6.50%
Foreign derived intangible income	(9.80%)	(10.60%)	0.00%
Non-deductible expenses	(0.70%)	4.70%	(38.50%)
PPP Loan	0.00%	0.00%	29.10%
Unrealized Loss	4.20%	0.30%	(138.90%)
Section 162(m)	6.40%	4.20%	(30.20%)
R&D credit	(1.50%)	(0.50%)	0.00%
Foreign tax credit	0.00%	(3.60%)	0.00%
Undistributed foreign earnings	0.10%	(1.40%)	(8.70%)
Valuation allowance	0.00%	(130.20%)	139.60%
Other	(0.30%)	0.00%	0.00%
Effective income tax rate	15.20%	(81.90%)	(4.00%)

Accrued Expenses

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 8—Accrued Expenses

Accrued expenses consist of the following (in thousands):

	December 31,
	2023		2022
Royalties	$	23,594	$	17,980
Salaries and employee benefits		6,707		4,697
Inventory liabilities		2,611		3,619
Bonuses		1,604		1,698
Professional fees		1,556		2,949
Goods in transit		1,154		1,519
Third-party warehouse		1,033		936
Unearned revenue		701		922
Sales commissions		506		558
Interest expense		63		68
Other		5,573		3,052
	$	45,102	$	37,998

In addition to royalties currently payable on the sale of licensed products during the year, the Company records a liability as accrued royalties for the estimated shortfall in achieving minimum royalty guarantees pursuant to certain license agreements (see Note–16 - Commitments).

Accrued expenses – long-term, which result from negotiated extended payment terms as part of a multi-year agreement witha 3rd party rights holder amounted to $2.7 million as of December 31, 2023, payable in installments over the next 2 years, and nil as of December 31, 2022. The remaining $1.0 million as of December 31, 2023 related to obligations from the Company’s non-qualified deferred compensation plan (see Note 18 – Employee Benefit Plans) which were nil as of December 31, 2022.

Share-Based Payments (Details) - Schedule of Nonvested Restricted Stock Units Activity - Restricted Stock Units (RSUs) [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payments (Details) - Schedule of Nonvested Restricted Stock Units Activity [Line Items]
Outstanding, Number of Shares	1,408,586	1,073,902	131,517
Outstanding, Weighted Average Grant Date Fair Value	$ 12.82	$ 8.62	$ 6.32
Awarded, Number of Shares	436,792	827,349	540,154
Awarded, Weighted Average Grant Date Fair Value	$ 21.11	$ 16.75	$ 8.72
Vested, Number of Shares	(504,384)	(343,427)	(23,089)
Vested, Weighted Average Grant Date Fair Value	$ 11.75	$ 8.37	$ 17.28
Forfeited, Number of Shares	(34,588)	(149,238)	(5,446)
Forfeited, Weighted Average Grant Date Fair Value	$ 16.7	$ 14.7	$ 9.66
Converted from RSA, Number of Shares	0	0	430,766
Converted from RSA, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 8.85
Outstanding, Number of Shares	1,306,406	1,408,586	1,073,902
Outstanding, Weighted Average Grant Date Fair Value	$ 16.47	$ 12.82	$ 8.62

Credit Facilities (Details) - USD ($)			12 Months Ended
Credit Facilities (Details) - USD ($)	Mar. 16, 2023	Jun. 02, 2021	Dec. 31, 2023	Dec. 31, 2022
Credit Facilities (Details) [Line Items]
Letters of Credit Outstanding, Amount (in Dollars)			$ 9,400,000
JP Morgan ABL Credit Agreement [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)		$ 67,500,000
JP Morgan ABL Credit Agreement [Member] \| Minimum [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.25%
JP Morgan ABL Credit Agreement [Member] \| Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
JP Morgan ABL Credit Agreement [Member] \| Minimum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
JP Morgan ABL Credit Agreement [Member] \| Maximum [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.375%
JP Morgan ABL Credit Agreement [Member] \| Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.00%
JP Morgan ABL Credit Agreement [Member] \| Maximum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.00%
JP Morgan ABL Credit Agreement [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Interest Rate During Period			6.77%	1.88%
Line of Credit, Current (in Dollars)
Letters of Credit Outstanding, Amount (in Dollars)			53,300,000
Debt Issuance Costs, Gross (in Dollars)		$ 1,600,000
JP Morgan ABL Credit Agreement [Member] \| Minimum [Member]
Credit Facilities (Details) [Line Items]
Fixed Charge Coverage Ratio		1.1
JP Morgan ABL Credit Agreement [Member] \| Maximum [Member]
Credit Facilities (Details) [Line Items]
Fixed Charge Coverage Ratio		1
Amended ABL Credit Agreement [Member]
Credit Facilities (Details) [Line Items]
Amortization of Debt Issuance Costs (in Dollars)			$ 300,000	$ 300,000
Amended ABL Credit Agreement [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.10%
Amended ABL Credit Agreement [Member] \| Minimum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%
Amended ABL Credit Agreement [Member] \| Minimum [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Amended ABL Credit Agreement [Member] \| Maximum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Amended ABL Credit Agreement [Member] \| Maximum [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%

Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in employee deferred compensation trusts	$ 41
Preferred stock derivative liability	29,947	$ 21,918
Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member] \| Fair Value, Recurring [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market funds	45,130
Preferred stock derivative liability	29,947	21,918
Fair Value, Inputs, Level 1 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in employee deferred compensation trusts	41
Fair Value, Inputs, Level 1 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member] \| Fair Value, Recurring [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market funds	45,130
Preferred stock derivative liability	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in employee deferred compensation trusts	0
Fair Value, Inputs, Level 2 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member] \| Fair Value, Recurring [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market funds	0
Preferred stock derivative liability	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Investments in employee deferred compensation trusts	0
Fair Value, Inputs, Level 3 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member] \| Fair Value, Recurring [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Money market funds	0
Preferred stock derivative liability	$ 29,947	$ 21,918

Employee Benefits Plan (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefits Plan (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Disclosure Text Block Supplement [Abstract]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	50.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100.00%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	5.00%
Defined Benefit Plan, Plan Assets, Contributions by Employer	$ 1,500	$ 2,100	$ 1,900
Deferred Compensation Plan Assets	$ 41

Leases (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure Text Block [Abstract]

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Year ending December 31,
2024	$	8,713
2025		6,432
2026		4,525
2027		4,274
2028		4,384
Thereafter		127
Total lease payments		28,455
Imputed interest		(4,409	)
Total	$	24,046

Debt (Details) - Schedule of Long-term Debt Instruments - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
3.25% Convertible Senior Notes Due 2023 [Member]
Debt Instrument [Line Items]
Contractual interest expense	$ 0	$ 0	$ 620

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
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-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Note 15 — Fair Value Measurements

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 assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022 (in thousands):

			Fair Value Measurements
	Carrying Amount as of		As of December 31, 2023
	December 31, 2023		Level 1		Level 2		Level 3
Money market funds	$	45,130	$	45,130	$	—	$	—
Investments in employee deferred compensation trusts		41		41		—		—
Preferred stock derivative liability		29,947		—		—		29,947

			Fair Value Measurements
	Carrying Amount as of		As of December 31, 2022
	December 31, 2022		Level 1		Level 2		Level 3
Preferred stock derivative liability	$	21,918	$	—	$	—	$	21,918

The following table provides 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):

Preferred stock derivative liability
	2023		2022		2021
Balance at January 1,	$	21,918	$	21,282	$	8,062
Change in fair value		8,029		636		13,220
Balance at December 31,	$	29,947	$	21,918	$	21,282

The Company’s Series A Preferred 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. 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. 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 consolidated statements of operations.

The following table provides quantitative information of liabilities measured at fair value and the significant unobservable inputs (Level 3), the range of the significant unobservable inputs, and the valuation techniques.

	Fair Value As of December 31, 2023		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
	(In thousands)
Preferred Stock Derivative Liability	$	29,947	Discounted Cash Flow	Change-in-control probability assumptions	Range: 0% to 100%
				Timing of change-in-control assumptions	Range: 1 to 10 years
				Discount Rate	Range: 8% to 10%
				Market yield*	6.3%*

	Fair Value As of December 31, 2022		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
	(In thousands)
Preferred Stock Derivative Liability	$	21,918	Discounted Cash Flow	Change-in-control probability assumptions	Range: 0% to 100%
				Timing of change-in-control assumptions	Range: 1 to 10 years
				Discount Rate	Range: 17% to 19%
				Implied yield**	11.23%**

*Represents the hypothetical market yield

**Represents the implied yield of the 2021 BSP Term Loan

The Company’s cash and cash equivalents including restricted cash, accounts receivable, accounts payable and accrued expenses represent financial instruments. The carrying value of these financial instruments is a reasonable approximation of fair value due to the short-term nature of the instruments.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Allowance for credit losses (in Dollars)	$ 3,743	$ 2,865
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	200,000	200,000
Preferred stock, shares outstanding	200,000	200,000
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	10,096,197	9,742,236
Common stock, shares outstanding	10,096,197	9,742,236
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2023	Mar. 15, 2024	Jun. 30, 2023
Document Information Line Items
Entity Registrant Name	JAKKS PACIFIC, INC.
Trading Symbol	JAKK
Document Type	10-K
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,798,353
Entity Public Float			$ 142,701,187
Amendment Flag	false
Entity Central Index Key	0001009829
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	true
Document Annual Report	true
Document Transition Report	false
Entity File Number	0-28104
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4527222
Entity Address, Address Line One	2951 28th St.
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90405
City Area Code	(424)
Local Phone Number	268-9444
Title of 12(b) Security	Common Stock $.001 Par Value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Financial Statement Error Correction [Flag]	false
Auditor Name	BDO USA, P.C.
Auditor Location	Los Angeles, California
Auditor Firm ID	243

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 and 2022 (in thousands):

			Fair Value Measurements
	Carrying Amount as of		As of December 31, 2023
	December 31, 2023		Level 1		Level 2		Level 3
Money market funds	$	45,130	$	45,130	$	—	$	—
Investments in employee deferred compensation trusts		41		41		—		—
Preferred stock derivative liability		29,947		—		—		29,947

			Fair Value Measurements
	Carrying Amount as of		As of December 31, 2022
	December 31, 2022		Level 1		Level 2		Level 3
Preferred stock derivative liability	$	21,918	$	—	$	—	$	21,918

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Preferred stock derivative liability
	2023		2022		2021
Balance at January 1,	$	21,918	$	21,282	$	8,062
Change in fair value		8,029		636		13,220
Balance at December 31,	$	29,947	$	21,918	$	21,282

Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]

	Fair Value As of December 31, 2023		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
	(In thousands)
Preferred Stock Derivative Liability	$	29,947	Discounted Cash Flow	Change-in-control probability assumptions	Range: 0% to 100%
				Timing of change-in-control assumptions	Range: 1 to 10 years
				Discount Rate	Range: 8% to 10%
				Market yield*	6.3%*

	Fair Value As of December 31, 2022		Valuation Technique	Unobservable Inputs	Range (Weighted Average)
	(In thousands)
Preferred Stock Derivative Liability	$	21,918	Discounted Cash Flow	Change-in-control probability assumptions	Range: 0% to 100%
				Timing of change-in-control assumptions	Range: 1 to 10 years
				Discount Rate	Range: 17% to 19%
				Implied yield**	11.23%**

*Represents the hypothetical market yield

**Represents the implied yield of the 2021 BSP Term Loan

Prepaid Expenses and Other Assets

12 Months Ended

Dec. 31, 2023

Disclosure Text Block Supplement [Abstract]

Other Current Assets [Text Block]

Note 5—Prepaid Expenses and Other Assets

Prepaid expenses and other assets for the year ended December 31, 2023 and 2022 consist of the following (in thousands):

	December 31,
	2023		2022
Income tax receivable	$	2,672	$	2,217
Prepaid expenses		1,724		994
Royalty advances		1,450		1,822
Employee retention credit		285		1,179
Other assets		243		119
	$	6,374	$	6,331

Accrued Expenses (Details) - Schedule of Accrued Liabilities - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Schedule Of Accrued Liabilities Abstract
Royalties	$ 23,594	$ 17,980
Salaries and employee benefits	6,707	4,697
Inventory liabilities	2,611	3,619
Bonuses	1,604	1,698
Professional fees	1,556	2,949
Goods in transit	1,154	1,519
Third-party warehouse	1,033	936
Unearned revenue	701	922
Sales commissions	506	558
Interest expense	63	68
Other	5,573	3,052
Accrued expenses	$ 45,102	$ 37,998

Subsequent Events

12 Months Ended

Dec. 31, 2023

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Note 20—Subsequent Events

On March 11, 2024, the Company redeemed all of the shares of Series A Senior Preferred Stock for an aggregate price of $20.0 million cash and 571,295 of its common shares, representing a value of $15.0 million based on a share price of $26.26, settling the preferred stock derivative liability of $29.9 million and the preferred stock accrued dividends of $6.0 million as of December 31, 2023. The redemption removes the restrictions the preemptive rights of the Series A Senior Preferred Stock placed upon the Company (see Note 14 – Common Stock and Preferred Stock and Note 15- Fair Value Measurements).

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income (loss)	$ 38,113	$ 91,083	$ (5,888)
Provision for (recovery of) doubtful accounts	726	233	(1,397)
Depreciation and amortization	8,585	10,578	10,251
Payment-in-kind interest	0	0	1,519
Write-off and amortization of debt discount	714	845	1,419
Write-off and amortization of debt issuance costs	647	708	1,304
Share-based compensation expense	8,027	5,082	2,093
Gain on disposal of property and equipment	(40)	(46)	(67)
Intangibles impairment	0	300	0
Gain on loan forgiveness	0	0	(6,206)
Loss on debt extinguishment	1,023	0	7,351
Deferred income taxes	(10,339)	(57,855)	(72)
Change in fair value of convertible senior notes	0	0	16,419
Change in fair value of preferred stock derivative liability	8,029	636	13,220
Changes in operating assets and liabilities:
Accounts receivable	(21,752)	44,390	(43,743)
Inventory	27,972	3,335	(45,312)
Prepaid expenses and other assets	(12)	4,753	7,330
Account payable	9,595	(18,056)	19,752
Account payable - Meisheng (related party)	1,918	(5,411)	5,265
Accrued expenses	7,104	(9,073)	7,767
Reserve for sales returns and allowances	(13,346)	5,592	4,177
Income taxes payable	(4,064)	9,875	(212)
Other liabilities	3,504	(870)	(849)
Total adjustments	28,291	(4,984)	9
Net cash provided by (used in) operating activities	66,404	86,099	(5,879)
Cash flows from investing activities
Purchases of property and equipment	(8,906)	(10,389)	(8,221)
Investments in employee deferred compensation trusts	(41)	0	0
Proceeds from sale of property and equipment	40	2	32
Net cash used in investing activities	(8,907)	(10,387)	(8,189)
Cash flows from financing activities
Repurchase of common stock for employee tax withholding	(3,070)	(1,420)	(164)
Repayment of credit facility borrowings	(10,000)	(13,000)	(16,000)
Proceeds from credit facility borrowings	10,000	13,000	16,000
Repayment of 2021 BSP Term Loan	(69,218)	(29,604)	(495)
Net proceeds from issuance of long-term debt	0	0	96,306
Deferred issuance costs	0	0	(2,629)
Repayment of 2019 Recap Term Loan	0	0	(125,805)
Net cash used in financing activities	(72,288)	(31,024)	(32,787)
Net increase (decrease) in cash, cash equivalents and restricted cash	(14,791)	44,688	(46,855)
Effect of foreign currency translation	1,855	(4,530)	(506)
Cash, cash equivalents and restricted cash, beginning of year	85,490	45,332	92,693
Cash, cash equivalents and restricted cash, end of year	72,554	85,490	45,332
Supplemental disclosures of non-cash activities:
Forgiveness of Paycheck Protection Program Loan	0	0	6,206
Right-of-use assets exchanged for lease liabilities	1,648	5,789	4,757
Supplemental disclosures of cash flow information:
Cash paid for interest	4,718	9,040	13,355
Cash paid for income taxes, net	$ 21,635	$ 7,669	$ 1,615

Joint Ventures

12 Months Ended

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Note 4—Joint Ventures

In November 2014, the Company entered into a joint venture with Meisheng Culture & Creative Corp. Ltd., (“MC&C”), 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. On May 10, 2023, the Company dissolved the joint venture with MC&C. Prior to the dissolution, the Company owned fifty-one percent of the 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 (loss) from the joint venture for the years ended December 31, 2023, 2022 and 2021 was ($293,000), ($330,000) and $120,000, 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. On December 1, 2023, the Company dissolved the joint venture with Meisheng. Prior to the dissolution, JAKKS and Meisheng each owned fifty percent of the 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 (loss) from the joint venture for the years ended December 31, 2023, 2022 and 2021 was nil.

Litigation and Contingencies

12 Months Ended

Dec. 31, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Note 19—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 to the Company's licensors, no liabilities have been recorded for indemnifications and/or other commitments.

Fair Value Measurements (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - 3.25% Convertible Senior Notes Due 2023 [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at January 1,	$ 21,918	$ 21,282	$ 8,062
Change in fair value	8,029	636	13,220
Balance at December 31,	$ 29,947	$ 21,918	$ 21,282

Income Taxes (Details) - Schedule of Income before Income Tax, Domestic and Foreign - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Income Before Income Tax Domestic And Foreign Abstract
Domestic	$ 28,552	$ 31,588	$ (7,881)
Foreign	16,394	18,487	2,219
Income (loss) before provision for income taxes	$ 44,946	$ 50,075	$ (5,662)

Business Segments, Geographic Data, and Sales by Major Customers (Details) - Schedule of Segment Reporting Information, by Segment - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net Sales	$ 711,557	$ 796,187	$ 621,116
Loss from Operations	59,107	60,970	38,767
Depreciation and Amortization Expense	8,585	10,578	10,251
Assets	398,951	405,342
Toys/Consumer Products [Member]
Segment Reporting Information [Line Items]
Net Sales	580,686	647,317	513,517
Loss from Operations	60,927	62,698	39,046
Depreciation and Amortization Expense	8,409	10,182	9,585
Assets	383,812	377,605
Halloween [Member]
Segment Reporting Information [Line Items]
Net Sales	130,871	148,870	107,599
Loss from Operations	(1,820)	(1,728)	(279)
Depreciation and Amortization Expense	176	396	$ 666
Assets	$ 15,139	$ 27,737

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

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-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
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Reference 25: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
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-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

+ Details

Accounting Policies, by Policy (Policies)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of consolidation and basis of preparation

These consolidated financial statements include the accounts of the Company, its wholly-owned subsidiaries, and its majority owned joint venture. All intercompany transactions have been eliminated.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and cash equivalents

Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]

Restricted cash

Restricted cash consists of a cash collateral account to cover a guarantee bond.

Accounts Receivable [Policy Text Block]

Accounts Receivable and Allowance for Current Expected Credit Losses

	2023		2022
Allowance, beginning balance	$	2,865	$	2,626
Net additions		726		233
Write-offs and other		152		6
Allowance, ending balance	$	3,743	$	2,865

Bad debt expense was $0.7 million, $0.2 million and $(1.4) million for the years ended December 31, 2023, 2022 and 2021, respectively

Use of Estimates, Policy [Policy Text Block]

Use of estimates

Revenue [Policy Text Block]

Revenue recognition

The Company’s reserve for sales returns and allowances amounted to $38.5 million and $51.9 million as of December 31, 2023 and 2022.

The Company’s net accounts receivable as of December 31, 2023, and 2022 were $123.8 million and $102.8 million, respectively.

Fair Value Measurement, Policy [Policy Text Block]

Fair Value Measurements

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.

Inventory, Policy [Policy Text Block]

Inventory

	December 31,
	2023		2022
Raw materials	$	122	$	69
Finished goods		52,525		80,550
	$	52,647	$	80,619

As of December 31, 2023 and 2022, the inventory obsolescence reserve was $7.7 million and $9.0 million, respectively.

Cost of Goods and Service [Policy Text Block]

Royalties

Lessee, Leases [Policy Text Block]

Leases

The Company excludes right-of-use (”ROU") assets and lease liabilities for leases with an initial term of 12 months or less from the balance sheet.

Deferred Charges, Policy [Policy Text Block]

Deferred Financing Charges

Deferred financing charges consist of credit facility loan origination fees. These charges are capitalized and amortized over the life of the line of credit agreement.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and equipment

Property and equipment are stated at cost and are being depreciated using the straight-line method over their estimated useful lives as follows:

Office equipment	5 years
Automobiles	5 years
Furniture and fixtures	5 - 7 years
Leasehold improvements	Shorter of length of lease or 10 years

For the years ended December 31, 2023, 2022 and 2021, the Company’s aggregate depreciation expense related to property and equipment was $8.6 million, $9.6 million and $9.2 million, respectively.

Comprehensive Income, Policy [Policy Text Block]

Other Comprehensive Income (Loss)

Advertising Cost [Policy Text Block]

Advertising

Income Tax, Policy [Policy Text Block]

Income taxes

Revision of Previously Disclosed Amounts

Foreign Currency Transactions and Translations Policy [Policy Text Block]

Foreign Currency Translation Exposure

Foreign Currency Transaction Exposure

Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy [Policy Text Block]

Accounting for the impairment of finite-lived tangible and intangible assets

Goodwill and Intangible Assets, Policy [Policy Text Block]

Goodwill and other indefinite-lived intangible assets

Share-Based Payment Arrangement [Policy Text Block]

Share-based Compensation

Earnings Per Share, Policy [Policy Text Block]

Earnings (Loss) per share

A reconciliation of the amounts used to calculate basic and diluted income (loss) per share for the years ended December 31, 2023, 2022, and 2021 follows (in thousands, except per share data):

	Year Ended December 31,
	2023			2022			2021
Net income (loss)	$	38,113		$	91,083		$	(5,888	)
Net income (loss) attributable to non-controlling interests		(293	)		(330	)		120
Net income (loss) attributable to JAKKS Pacific, Inc.		38,406			91,413			(6,008	)
Preferred stock dividend*		(1,502	)		(1,416	)		(1,334	)
Net income (loss) attributable to common stockholders**	$	36,904		$	89,997		$	(7,342	)
Weighted average common shares outstanding - basic		9,962			9,651			7,498
Earnings (loss) per share available to common stockholders - basic	$	3.70		$	9.33		$	(0.98	)
Weighted average common shares outstanding - diluted		10,590			10,155			7,498
Earnings (loss) per share available to common stockholders - diluted	$	3.48		$	8.86		$	(0.98	)

* The 200,000 shares issued and outstanding are non-participating.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Income Taxes

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Note 12—Income Taxes

The Company does not file a consolidated return with its foreign subsidiaries. The Company files federal and state returns and its foreign subsidiaries file returns in their respective jurisdiction.

For the years ended 2023, 2022 and 2021, the provision for income taxes, which included federal, state and foreign income taxes, was an expense of $6.8 million, a benefit of $41.0 million, and an expense of $0.2 million, respectively, reflecting effective tax provision rates of 15.2%, (81.9)% and (4.0)%, respectively.

The 2023 tax expense of $6.8 million included a discrete tax benefit of $2.7 million primarily comprised of valuation allowance adjustments. Absent these discrete tax benefits, our effective tax rate for 2023 was 21.3%, primarily due to taxes on federal, state and foreign income.

For the years ended 2022 and 2021, provision for income taxes includes federal, state and foreign income taxes at effective tax rates of (81.9)% and (4.0)%, respectively. Exclusive of discrete items, the effective tax provision rate would be 17.6% in 2022 and (10.7)% in 2021.

As of December 31, 2023 and 2022, the Company had net deferred tax assets of $68.1 million and $57.8 million, respectively, related to U.S. and foreign jurisdictions.

Provision for income taxes reflected in the accompanying consolidated statements of operations are comprised of the following (in thousands):

	Year ended December 31,
	2023			2022			2021
Current income tax expense (benefit):
Federal	$	11,935		$	11,293		$	1
State and local		2,167			2,031			43
Foreign		3,070			3,523			254
Total current income tax expense (benefit)		17,172			16,847			298
Deferred income tax expense (benefit):
Federal		(8,989	)		(51,579	)		—
State and Local		(1,358	)		(6,071	)		—
Foreign		8			(205	)		(72	)
Total deferred income tax expense (benefit)		(10,339	)		(57,855	)		(72	)

Total income tax expense (benefit)	$	6,833		$	(41,008	)	$	226

The components of deferred tax assets/(liabilities) are as follows (in thousands):

	Year ended December 31,
Deferred Income Tax Assets:	2023			2022
Reserve for sales allowances and possible losses	$	654		$	469
Accrued expenses		3,467			3,884
Prepaid royalties		676			599
Accrued royalties		1,693			465
Inventory		12,444			9,574
State income taxes		477			420
Property and equipment		1,789			1,701
Goodwill and intangibles		1,192			2,412
Share based compensation		1,025			738
Interest limitation		2,243			2,256
Operating lease liabilities		4,991			4,120
Federal and state net operating loss carryforwards		34,458			31,263
Credit carryforwards		110			110
Research and development capitalization		7,962			3,792
Other		1,097			1,195
Total Deferred Income Tax Assets		74,278			62,998

Deferred Income Tax Liabilities:
Undistributed foreign earnings		(503	)		(479	)
Operating lease right-of-use assets		(4,908	)		(3,989	)
Total Deferred Income Tax Liabilities		(5,411	)		(4,468	)
Valuation allowance		(724	)		(726	)
Total Net Deferred Income Tax Assets/(Liabilities)	$	68,143		$	57,804

Provision for income taxes varies from the U.S. federal statutory rate. The following reconciliation shows the significant differences in the tax at statutory and effective rates:

	Year ended December 31,
	2023			2022			2021
Federal income tax expense		21.0	%		21.0	%		21.0	%
State income tax expense, net of federal tax effect		2.0			1.9			3.3
Effect of differences in U.S. and foreign statutory rates		(1.1	)		(1.3	)		(0.5	)
Uncertain tax positions		0.6			5.5			7.0
Provision to return		(0.1	)		(0.2	)		5.0
Other deferred adjustments		(5.7	)		21.4			1.3
Change in tax rate		0.1			6.9			6.5
Foreign derived intangible income		(9.8	)		(10.6	)		0.0
Non-deductible expenses		(0.7	)		4.7			(38.5	)
PPP Loan		0.0			0.0			29.1
Unrealized loss		4.2			0.3			(138.9	)
Section 162(m)		6.4			4.2			(30.2	)
R&D credit		(1.5	)		(0.5	)		0.0
Foreign tax credit		0.0			(3.6	)		0.0
Undistributed foreign earnings		0.1			(1.4	)		(8.7	)
Valuation allowance		0.0			(130.2	)		139.6
Other		(0.3	)		0.0			0.0
		15.2	%		(81.9	)%		(4.0	)%

Deferred taxes result from temporary differences between tax basis of assets and liabilities and their reported amounts in the consolidated financial statements. The temporary differences result from costs required to be capitalized for tax purposes by the U.S. Internal Revenue Code (“IRC”), and certain items accrued for financial reporting purposes in the year incurred but not deductible for tax purposes until paid.

The components of income (loss) before provision for income taxes are as follows (in thousands):

	Year ended December 31,
	2023		2022		2021
Domestic	$	28,552	$	31,588	$	(7,881	)
Foreign		16,394		18,487		2,219
	$	44,946	$	50,075	$	(5,662	)

The Company uses a recognition threshold and measurement process for recording in the consolidated financial statements uncertain tax positions (“UTP”) taken or expected to be taken in a tax return.

The following table provides further information of UTPs that would affect the effective tax rate, if recognized, as of December 31, 2023 (in millions):

Balance, December 31, 2020	$	1.0
Settlements		(0.8	)
Balance, December 31, 2021		0.2
Additions based on tax positions related to the current year		0.1
Additions for tax positions of prior years		2.8
Settlements		(0.2	)
Balance, December 31, 2022		2.9
Additions based on tax positions related to the current year		0.3
Additions for tax positions of prior years		0.8
Settlements		(0.9	)
Balance, December 31, 2023	$	3.1

Current interest on uncertain income tax liabilities is recognized as a component of the income tax provision recognized in the consolidated statements of operations. During 2023 and 2022, the Company recognized $41 thousand and $0.2 million of interest expense related to UTPs, respectively.

The Company does not expect its gross unrecognized tax benefits to significantly change within the next 12 months.

Tax years 2020 through 2022 remains subject to examination in the United States. The tax years 2019 through 2022 are generally still subject to examination in the various states. Furthermore, all net operating losses and tax credit carryforwards are still subject to review given that the statute of limitation for these items would begin in the year of utilization. The tax years 2017 through 2022 are still subject to examination in Hong Kong. In the normal course of business, the Company is audited by federal, state and foreign tax authorities.

Management assesses the available positive and negative evidence to estimate if sufficient future taxable income will be generated to use the existing deferred tax assets by jurisdiction. The Company is required to establish a valuation allowance for the U.S. deferred tax assets and record a charge to income if Management determines, based upon available evidence at the time the determination is made, that it is more likely than not that some portion or all of the deferred tax assets may not be realized.

Based on the Company’s evaluation of all positive and negative evidence, as of December 31, 2023, a valuation allowance of $0.7 million has been recorded against the deferred tax assets that more likely than not will not be realized. For the year ended December 31, 2023, the valuation allowance remained approximately the same as the $0.7 million recorded at December 31, 2022. The 2023 and 2022 net deferred tax assets of $68.1 million and $57.8 million, respectively, consist of the net deferred tax assets in the US and foreign jurisdictions, where the Company is in a cumulative income position.

Pursuant to the Internal Revenue Code of 1986, as amended (the “Code”) Sections 382 and 383, annual use of a company’s NOL and tax credit carryforwards may be limited if there is a cumulative change in ownership of greater than 50% within a three-year period. The amount of the annual limitation is determined based on the value of the company immediately prior to the ownership change. Subsequent ownership changes may further affect the limitation in future years. If limited, the related tax asset would be removed from the deferred tax asset schedule with a corresponding reduction in the valuation allowance. The Company had established a valuation allowance as the realization of such deferred tax assets had not met the more likely than not threshold requirement.

During 2023, the Company finalized the assessment of available net operating loss and tax credit carryforwards under Section 382 and 383. This resulted in an increase of available tax-effected federal and state net operating loss carryforwards of approximately $1.4 million and $1.3 million, respectively. During 2022, the Company completed an initial assessment of the available net operating loss and tax credit carryforwards under Section 382 and 383 and determined that the Company underwent two ownership changes during the period from 2019 to 2021. This resulted in a net reduction of available federal and state net operating loss carryforwards of $16.8 million and federal tax credit carryforwards of approximately $0.6 million, with a corresponding reduction to the valuation allowance of $17.4 million.

At December 31, 2023, the Company has U.S. federal net NOLs, of approximately $148.0 million, which will begin to expire in 2033. At December 31, 2023, the Company has state NOLs of approximately $49.0 million, which will begin to expire in 2024.

The Company maintained undistributed earnings overseas as of December 31, 2023. As of December 31, 2023, the Company believed the funds held by all non-U.S. subsidiaries will be permanently reinvested outside of the U.S., with the exception of Hong Kong. As a result of tax reform, the Company’s unrepatriated earnings are no longer subject to federal income tax in the U.S. when distributed.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
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-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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-Section S99
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

+ Details

Business Segments, Geographic Data, and Sales by Major Customers (Details) - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net Sales by Customer Area
Net Sales	$ 711,557	$ 796,187	$ 621,116
Long-lived Assets
Long-lived Assets	38,191	34,775
UNITED STATES
Net Sales by Customer Area
Net Sales	557,865	644,295	512,193
Long-lived Assets
Long-lived Assets	21,206	17,383
Europe [Member]
Net Sales by Customer Area
Net Sales	76,464	85,348	60,425
Latin America [Member]
Net Sales by Customer Area
Net Sales	32,024	18,338	12,606
CANADA
Net Sales by Customer Area
Net Sales	26,992	26,515	17,999
Long-lived Assets
Long-lived Assets	23	69
Asia [Member]
Net Sales by Customer Area
Net Sales	8,543	10,431	9,232
Australia and New Zealand [Member]
Net Sales by Customer Area
Net Sales	7,542	8,836	6,423
Middle East and Africa [Member]
Net Sales by Customer Area
Net Sales	2,127	2,424	$ 2,238
CHINA
Long-lived Assets
Long-lived Assets	13,794	14,161
HONG KONG
Long-lived Assets
Long-lived Assets	1,410	2,142
UNITED KINGDOM
Long-lived Assets
Long-lived Assets	892	974
ITALY
Long-lived Assets
Long-lived Assets	811
MEXICO
Long-lived Assets
Long-lived Assets	$ 55	$ 46

Joint Ventures (Details) - USD ($) $ in Thousands	12 Months Ended
Joint Ventures (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Oct. 31, 2016	Nov. 30, 2014
Joint Ventures (Details) [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interest	$ (293)	$ (330)	$ 120
Hong Kong Meisheng Cultural Co [Member]
Joint Ventures (Details) [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interest
Joint Venture With Meisheng Cultural & Creative Corp. [Member]
Joint Ventures (Details) [Line Items]
Equity Method Investment, Ownership Percentage					51.00%
Net Income (Loss) Attributable to Noncontrolling Interest		$ (330)	$ 120
Hong Kong Meisheng Cultural Co [Member]
Joint Ventures (Details) [Line Items]
Equity Method Investment, Ownership Percentage				50.00%

- Definition

Amount of Net Income (Loss) attributable to noncontrolling interest.

+ References + Details

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Policies [Abstract]

Accounts Receivable, Allowance for Credit Loss [Table Text Block]

	2023		2022
Allowance, beginning balance	$	2,865	$	2,626
Net additions		726		233
Write-offs and other		152		6
Allowance, ending balance	$	3,743	$	2,865

Schedule of Inventory, Current [Table Text Block]

	December 31,
	2023		2022
Raw materials	$	122	$	69
Finished goods		52,525		80,550
	$	52,647	$	80,619

Property, Plant and Equipment [Table Text Block]

Property and equipment are stated at cost and are being depreciated using the straight-line method over their estimated useful lives as follows:

Office equipment	5 years
Automobiles	5 years
Furniture and fixtures	5 - 7 years
Leasehold improvements	Shorter of length of lease or 10 years

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

A reconciliation of the amounts used to calculate basic and diluted income (loss) per share for the years ended December 31, 2023, 2022, and 2021 follows (in thousands, except per share data):

	Year Ended December 31,
	2023			2022			2021
Net income (loss)	$	38,113		$	91,083		$	(5,888	)
Net income (loss) attributable to non-controlling interests		(293	)		(330	)		120
Net income (loss) attributable to JAKKS Pacific, Inc.		38,406			91,413			(6,008	)
Preferred stock dividend*		(1,502	)		(1,416	)		(1,334	)
Net income (loss) attributable to common stockholders**	$	36,904		$	89,997		$	(7,342	)
Weighted average common shares outstanding - basic		9,962			9,651			7,498
Earnings (loss) per share available to common stockholders - basic	$	3.70		$	9.33		$	(0.98	)
Weighted average common shares outstanding - diluted		10,590			10,155			7,498
Earnings (loss) per share available to common stockholders - diluted	$	3.48		$	8.86		$	(0.98	)

* The 200,000 shares issued and outstanding are non-participating.

Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Purchase of property and equipment incurred	$ 3.0	$ 3.6	$ 2.8
Proceeds from Income Tax Refunds		$ 0.3	$ 0.3

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

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Year Ended December 31,
	2023		2022		2021
Net Sales
Toys/Consumer Products	$	580,686	$	647,317	$	513,517
Costumes		130,871		148,870		107,599
	$	711,557	$	796,187	$	621,116

	Year Ended December 31,
	2023			2022			2021
Income (Loss) from Operations
Toys/Consumer Products	$	60,927		$	62,698		$	39,046
Costumes		(1,820	)		(1,728	)		(279	)
	$	59,107		$	60,970		$	38,767

	Year Ended December 31,
	2023		2022		2021
Depreciation and Amortization Expense
Toys/Consumer Products	$	8,409	$	10,182	$	9,585
Costumes		176		396		666
	$	8,585	$	10,578	$	10,251

	December 31,
	2023		2022
Assets
Toys/Consumer Products	$	383,812	$	377,605
Costumes		15,139		27,737
	$	398,951	$	405,342

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

	Year Ended December 31,
	2023		2022		2021
Net Sales by Customer Area
United States	$	557,865	$	644,295	$	512,193
Europe		76,464		85,348		60,425
Latin America		32,024		18,338		12,606
Canada		26,992		26,515		17,999
Asia		8,543		10,431		9,232
Australia and New Zealand		7,542		8,836		6,423
Middle East and Africa		2,127		2,424		2,238
	$	711,557	$	796,187	$	621,116

	December 31,
	2023		2022
Long-lived Assets
United States	$	21,206	$	17,383
China		13,794		14,161
Hong Kong		1,410		2,142
United Kingdom		892		974
Italy		811		—
Mexico		55		46
Canada		23		69
	$	38,191	$	34,775

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Net sales to major customers were as follows (in thousands, except for percentages):

	2023					2022					2021
			Percentage of					Percentage of					Percentage of
	Amount		Net Sales			Amount		Net Sales			Amount		Net Sales
Target	$	215,211		30.3	%	$	203,200		25.5	%	$	176,561		28.4	%
Walmart		148,354		20.8			226,318		28.4			167,260		26.9
Amazon		74,878		10.5			66,393		8.3			59,973		9.7
	$	438,443		61.6	%	$	495,911		62.2	%	$	403,794		65.0	%

Business Segments, Geographic Data, and Sales by Major Customers (Details) - Schedule of Revenue by Major Customers by Reporting Segments - Revenue Benchmark [Member] - Customer Concentration Risk [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Target [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 215,211	$ 203,200	$ 176,561
Percentage of Net Sales from Major Customer	30.30%	25.50%	28.40%
Wal Mart [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 148,354	$ 226,318	$ 167,260
Percentage of Net Sales from Major Customer	20.80%	28.40%	26.90%
Amazon [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 74,878	$ 66,393	$ 59,973
Percentage of Net Sales from Major Customer	10.50%	8.30%	9.70%
Major Customers [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 438,443	$ 495,911	$ 403,794
Percentage of Net Sales from Major Customer	61.60%	62.20%	65.00%

- Definition

+ References

+ Details

Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Nonvested Restricted Stock Shares Activity [Table Text Block]

The following table summarizes the restricted stock award activity, annually, for the year ended December 31, 2023, 2022 and 2021:

	2023				2022				2021
			Weighted				Weighted					Weighted
	Number of		Average Grant Date		Number of		Average Grant Date		Number of			Average Grant Date
	Shares		Fair Value		Shares		Fair Value		Shares			Fair Value
Outstanding, January 1		—	$	—		—	$	—		507,867		$	12.73
Granted		—		—		—		—		113,896			4.98
Vested		—		—		—		—		(97,645	)		20.87
Forfeited		—		—		—		—		(93,352	)		12.67
Converted to RSU		—		—		—		—		(430,766	)		8.85
Outstanding, December 31		—		—		—		—		—			—

Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]

The following table summarizes the RSU award activity, annually for the year ended December 31, 2023, 2022 and 2021:

	2023					2022					2021
				Weighted					Weighted					Weighted
	Number of			Average Grant Date		Number of			Average Grant Date		Number of			Average Grant Date
	Shares			Fair Value		Shares			Fair Value		Shares			Fair Value
Outstanding, January 1		1,408,586		$	12.82		1,073,902		$	8.62		131,517		$	6.32
Granted		436,792			21.11		827,349			16.75		540,154			8.72
Vested		(504,384	)		11.75		(343,427	)		8.37		(23,089	)		17.28
Forfeited		(34,588	)		16.70		(149,238	)		14.70		(5,446	)		9.66
Converted from RSA		—			—		—			—		430,766			8.85
Outstanding, December 31		1,306,406			16.47		1,408,586			12.82		1,073,902			8.62

Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

The following table summarizes the total share-based compensation expense (in thousands) which is recognized in General and administrative expenses in the Consolidated Statement of Operations:

	Year Ended December 31,
	2023		2022		2021
Share-based compensation expense	$	8,027	$	5,082	$	2,093

Leases (Details) - USD ($) $ in Millions	12 Months Ended
Leases (Details) - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Leases (Details) [Line Items]
Lessee, Operating Lease, Renewal Term	10 years
Lessee, Operating Lease, Termination Period	1 year
Operating Lease, Weighted Average Remaining Lease Term	4 years	2 years
Operating Lease, Weighted Average Discount Rate, Percent	7.31%	5.22%
Operating Lease, Expense	$ 12.4	$ 19.1	$ 10.3
Short-Term Lease And Variable Lease, Cost	3.3	10.7	2.0
Sublease Income	1.5	2.2	2.2
Operating Lease, Payments	10.7	11.5	$ 11.4
Lessor, Operating Lease, Lease Not yet Commenced, Assumption and Judgment, Value of Underlying Asset, Amount
Minimum [Member]
Leases (Details) [Line Items]
Lessee, Operating Lease, Remaining Lease Term	1 year
Maximum [Member]
Leases (Details) [Line Items]
Lessee, Operating Lease, Remaining Lease Term	6 years

Share-Based Payments (Details) - Nonvested Restricted Stock Shares Activity - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payments (Details) - Nonvested Restricted Stock Shares Activity [Line Items]
Outstanding, Number of Shares	0	0	507,867
Outstanding, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 12.73
Awarded, Number of Shares	0	0	113,896
Awarded, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 4.98
Vested, Number of Shares	0	0	(97,645)
Vested, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 20.87
Forfeited, Number of Shares	0	0	(93,352)
Forfeited, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 12.67
Converted to RSU, Number of Shares	0	0	(430,766)
Converted to RSU, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 8.85
Outstanding, Number of Shares	0	0	0
Outstanding, Weighted Average Grant Date Fair Value	$ 0	$ 0	$ 0