JAKKS Pacific (JAKK) 10-Q 10 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 10, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	JAKK
Entity Registrant Name	JAKKS PACIFIC INC
Entity Central Index Key	1,009,829
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		20,474,446

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	[1]
Current assets
Cash and cash equivalents	$ 118,914	$ 102,528
Accounts receivable, net of allowance for uncollectible accounts of $2,714 and $2,233 in 2015 and 2016, respectively	85,471	163,387
Inventory, net	53,470	60,544
Income taxes receivable	24,008	24,008
Prepaid expenses and other	32,912	31,901
Total current assets	314,775	382,368
Property and equipment
Office furniture and equipment	15,349	15,141
Molds and tooling	89,012	86,307
Leasehold improvements	10,755	10,640
Total	115,116	112,088
Less accumulated depreciation and amortization	95,256	93,653
Property and equipment, net	19,860	18,435
Intangibles, net	39,773	42,185
Other long term assets	2,831	3,125
Investment in DreamPlay, LLC	7,000	7,000
Goodwill, net	44,024	44,199
Trademarks, net	2,308	2,308
Total assets	430,571	499,620
Current liabilities
Accounts payable	28,132	34,986
Accrued expenses	24,856	54,081
Reserve for sales returns and allowances	13,104	17,267
Income taxes payable	21,741	21,067
Total current liabilities	87,833	127,401
Convertible senior notes, net of net debt issuance costs of $5,834 and $5,203 in 2015 and 2016, respectively	207,797	209,166
Other liabilities	5,303	5,155
Income taxes payable	2,199	2,199
Deferred income taxes, net	2,199	2,293
Total liabilities	$ 305,331	$ 346,214
Commitments and contingencies
Stockholders' equity
Preferred shares, $.001 par value; 5,000,000 shares authorized; nil outstanding
Common stock, $.001 par value; 100,000,000 shares authorized; 21,701,239 and 20,474,446 shares issued and outstanding in 2015 and 2016, respectively	$ 20	$ 21
Treasury stock, at cost; 3,660,201 and 3,112,840 shares in 2015 and 2016, respectively	(24,000)	(28,322)
Additional paid-in capital	180,363	194,743
Accumulated deficit	(20,806)	(3,391)
Accumulated other comprehensive loss	(10,775)	(10,051)
Total JAKKS Pacific, Inc. stockholders' equity	124,802	153,000
Non-controlling interests	438	406
Total stockholders' equity	125,240	153,406
Total liabilities and stockholders' equity	$ 430,571	$ 499,620
[1]	Derived from audited financial statements

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	[1]
Accounts receivable, allowance for uncollectible accounts	$ 2,233	$ 2,714
Net debt issuance costs	$ 5,203	$ 5,834
Preferred shares, par value	$ 0.001	$ 0.001
Preferred shares, shares authorized	5,000,000	5,000,000
Preferred shares, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	20,474,446	21,701,239
Common stock, shares outstanding	20,474,446	21,701,239
Treasury stock, shares	3,112,840	3,660,201
[1]	Derived from audited financial statements

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Net Sales	$ 95,809	$ 114,201
Cost of sales	64,626	78,823
Gross profit	31,183	35,378
Selling, general and administrative expenses	44,999	39,577
Loss from operations	(13,816)	(4,199)
Other income	75
Interest income	16	19
Interest expense	(3,226)	(2,974)
Loss before provision for income taxes	(16,951)	(7,154)
Provision for income taxes	432	427
Net loss	(17,383)	(7,581)
Net Income attributable to non-controlling interests	32
Net loss attributable to JAKKS Pacific, Inc.	$ (17,415)	$ (7,581)
Loss per share - basic and diluted	$ (1.01)	$ (0.40)
Shares used in loss per share	17,218	19,090
Comprehensive loss	$ (18,107)	$ (9,966)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016		Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (17,383)		$ (7,581)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,784		3,313
Share-based compensation expense	623		504
Loss on disposal of property and equipment	1
Write-off of debt issuance costs	36
Gain on extinguishment of convertible notes	(60)
Deferred income taxes	(94)
Changes in operating assets and liabilities:
Accounts receivable	77,916		130,198
Inventory	7,074		(647)
Prepaid expenses and other assets	(868)		(5,030)
Accounts payable	(6,854)		(31,878)
Accrued expenses	(29,225)		(42,447)
Income taxes payable	674		204
Reserve for sales returns and allowances	(4,163)		(6,887)
Other liabilities	148		(961)
Total adjustments	49,992		46,369
Net cash provided by operating activities	32,609		38,788
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment	(3,049)		(3,084)
Change in other assets			(2,396)
Net cash used in investing activities	(3,049)		(5,480)
CASH FLOWS FROM FINANCING ACTIVITIES
Repurchase of common stock for employee withholding taxes	(844)		(15)
Repurchase of convertible senior notes	(1,940)
Repurchase of common stock	(9,841)
Net cash used in financing activities	(12,625)		(15)
Effect of foreign currency translation	(549)		280
Net change in cash and cash equivalents	16,386		33,573
Cash and cash equivalents, beginning of period	102,528	[1]	71,525
Cash and cash equivalents, end of period	118,914		105,098
Cash paid during the period for:
Income taxes	311		242
Interest	$ 2,139		$ 2,265
[1]	Derived from audited financial statements

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Basis of Presentation	Note 1 — Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to prevent the information presented from being misleading. These financial statements should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K, which contains audited financial information for the three years in the period ended December 31, 2015. The information provided in this report reflects all adjustments (consisting solely of normal recurring items) that are, in the opinion of management, necessary to present fairly the financial position and the results of operations for the periods presented. Interim results are not necessarily indicative of results to be expected for a full year. The condensed consolidated financial statements include the accounts of JAKKS Pacific, Inc. and its wholly-owned subsidiaries (collectively, “the Company”). The condensed consolidated financial statements also include the accounts of DreamPlay Toys, LLC, a joint venture between JAKKS Pacific, Inc. and NantWorks LLC, and JAKKS Meisheng Trading (Shanghai) Limited, a joint venture between JAKKS Pacific, Inc. and Meisheng Culture & Creative Corp. Certain prior period amounts have been reclassified for consistency with the current period presentation. In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. The core principle of ASU 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing U.S. GAAP. The standard is effective for annual periods beginning after December 15, 2017, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). The Company is currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and has not yet determined the method by which we will adopt the standard in 2018. In August 2014, the FASB amended the FASB Accounting Standards Codification and amended Subtopic 205-40, “Presentation of Financial Statements — Going Concern.” This amendment prescribes that an entity’s management should evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. The amendments will become effective for the Company’s annual and interim reporting periods beginning January 1, 2017. Upon adoption the Company will use this guidance to evaluate going concern. In July 2015, the FASB issued Accounting Standards Update 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory” (“ASU 2015-11”). ASU 2015-11 requires inventory accounted for under the FIFO or average cost method to be measured using the lower of cost and net realizable value. The amendments are effective prospectively for fiscal years and for interim periods beginning after December 15, 2016. The Company is currently evaluating the impact of the pending adoption of ASU 2015-11 on the consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases” (“ASU 2016-02”). ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact of the pending adoption of this new standard on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Improvements to Employee Share-Based Payment Accounting,” (“ASU 2016-09”) which simplifies several aspects of the accounting for share-based payments, including income tax consequences and classification on the statement of cash flows. Under the new standard, all excess tax benefits and tax deficiencies will be recognized as income tax expense or benefit in the income statement as discrete items in the reporting period in which they occur. Additionally, excess tax benefits will be classified as an operating activity on the statement of cash flows. In regards to forfeitures, the entity can make an accounting policy election to either recognize forfeitures as they occur or estimate the number of awards expected to be forfeited. The guidance in ASU 2016-09 is effective for the fiscal year, and interim periods within that fiscal year, beginning after December 15, 2016. The Company is currently evaluating the impact of the adoption of this standard on its consolidated financial statements.

Business Segments, Geographic D

Business Segments, Geographic Data, Sales by Product Group and Major Customers	3 Months Ended
	Mar. 31, 2016
Business Segments, Geographic Data, Sales by Product Group and Major Customers	Note 2 — Business Segments, Geographic Data, Sales by Product Group and 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 recently re-aligned its products into three new segments to better reflect the management and operation of the business. The Company’s segments are (i) U.S. and Canada, (ii) International, and (iii) Halloween. Prior year’s segment reporting units have been restated to reflect this change. The U.S. and Canada segment includes action figures, vehicles, playsets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and pet treats and related products, primarily within the United States and Canada. Within the International segment, the Company markets and sells its toy products in markets outside of the U.S. and Canada, primarily in the European, Asia Pacific, and Latin and South American regions. Within the Halloween segment, the Company markets and sells Halloween costumes and accessories and everyday costume play products, primarily in the U.S. and Canada. Segment performance is measured at the operating income level. All sales are made to external customers and general corporate expenses have been attributed to the various segments based upon relative sales volumes. Segment assets are primarily comprised of accounts receivable and inventories, net of applicable reserves and allowances, goodwill and other assets. Certain assets which are not tracked by operating segment and/or that benefit multiple operating segments have been allocated on the same basis. Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2015 and 2016 and as of December 31, 2015 and March 31, 2016 are as follows (in thousands): Three Months Ended March 31, 2015 2016 Net Sales U.S. and Canada $ 76,844 $ 72,202 International 36,306 20,168 Halloween 1,051 3,439 $ 114,201 $ 95,809 Three Months Ended March 31, 2015 2016 Income (Loss) from Operations U.S. and Canada $ (3,071 ) $ (8,553 ) International 1,946 (2,161 ) Halloween (3,074 ) (3,102 ) $ (4,199 ) $ (13,816 ) Three Months Ended March 31, 2015 2016 Depreciation and Amortization Expense U.S. and Canada $ 1,866 $ 3,070 International 865 852 Halloween 32 114 $ 2,763 $ 4,036 December 31, March 31, 2015 2016 Assets U.S. and Canada $ 320,528 $ 287,626 International 157,493 123,701 Halloween 21,599 19,244 $ 499,620 $ 430,571 The following tables present information about the Company by geographic area as of December 31, 2015 and March 31, 2016 and for the three months ended March 31, 2015 and 2016 (in thousands): December 31, 2015 March 31, 2016 Long-lived Assets China $ 10,172 $ 10,250 United States 7,702 9,076 Hong Kong 561 534 $ 18,435 $ 19,860 Three Months Ended March 31, 2015 2016 Net Sales by Customer Area United States $ 71,822 $ 70,968 Europe 25,098 12,755 Canada 6,224 4,650 Hong Kong 438 339 Other 10,619 7,097 $ 114,201 $ 95,809 Product Group Net sales by product group for the three months ended March 31, 2015 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2015 2016 Traditional Toys and Electronics $ 65,045 $ 42,030 Role Play, Novelty and Seasonal Toys 49,156 53,779 $ 114,201 $ 95,809 Major Customers Net sales to major customers for the three months ended March 31, 2015 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2015 2016 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 29,806 26.1 % $ 27,747 28.9 % Toys ‘R’ Us 9,496 8.3 8,334 8.7 Target 12,132 10.6 8,122 8.5 $ 51,434 45.0 % $ 44,203 46.1 % At December 31, 2015 and March 31, 2016, the Company’s three largest customers accounted for approximately 56.2% and 47.2% respectively, of net accounts receivable. The concentration of the Company’s business with a relatively small number of customers may expose the Company to material adverse effects if one or more of its large customers were to experience financial difficulty. The Company performs ongoing credit evaluations of its top customers and maintains an allowance for potential credit losses.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2016
Inventory	Note 3 — Inventory Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or market, net of inventory obsolescence reserve, and consists of the following (in thousands): December 31, 2015 March 31, 2016 Raw materials $ 3,717 $ 2,719 Finished goods 56,827 50,751 $ 60,544 $ 53,470

Revenue Recognition and Reserve

Revenue Recognition and Reserve for Sales Returns and Allowances	3 Months Ended
	Mar. 31, 2016
Revenue Recognition and Reserve for Sales Returns and Allowances	Note 4 — Revenue Recognition and Reserve for Sales Returns and Allowances Revenue is recognized upon the shipment of goods to customers or their agents, depending upon terms, provided there are no uncertainties regarding customer acceptance, the sales price is fixed or determinable and collectability is reasonably assured and not contingent upon resale. Generally, the Company does not allow product returns. It provides its customers a negotiated allowance for breakage or defects, which is recorded when the related revenue is recognized. However, the Company does make occasional exceptions to this policy and consequently accrues a return allowance based upon historic return amounts and management estimates. The Company occasionally grants credits to facilitate markdowns and sales of slow moving merchandise. These credits are recorded as a reduction of gross sales at the time of occurrence. 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 discounts range from 1% to 10% of gross sales, and are generally based upon product purchases or specific advertising campaigns. Such amounts are accrued when the related revenue is recognized or when the advertising campaign is initiated. These cooperative advertising arrangements are accounted for as direct selling expenses. The Company’s reserve for sales returns and allowances amounted to $13.1 million as of March 31, 2016, compared to $17.3 million as of December 31, 2015. This decrease is primarily due to certain customers taking their year-end allowances related to 2015 sales during 2016.

Credit Facility

Credit Facility	3 Months Ended
	Mar. 31, 2016
Credit Facility	Note 5 — Credit Facility In March 2014, the Company and its domestic subsidiaries entered into a secured credit facility with General Electric Capital Corporation (“GECC”). The loan agreement, as amended and subsequently assigned to Wells Fargo Bank, N.A. pursuant to its acquisition of GECC, provides for a $75.0 million revolving credit facility subject to availability based on prescribed advance rates on certain accounts receivable and inventory (the “WF Loan Agreement”). The amounts outstanding under the credit facility are payable in full upon maturity of the facility on March 27, 2019, and the credit facility is secured by a security interest in favor of the lender covering a substantial amount of the assets of the Company. As of December 31, 2015, the amount of outstanding borrowings was nil and outstanding stand-by letters of credit totaled $23.2 million; the total excess borrowing capacity was $55.5 million. As of March 31, 2016, the amount of outstanding borrowings was nil and outstanding stand-by letters of credit totaled $28.2 million; the total excess borrowing capacity was nil. The Company’s ability to borrow under the WF Loan Agreement is also subject to its ongoing compliance with certain financial covenants, including the maintenance by the Company of a fixed charge coverage ratio of at least 1.2:1.0 based on the trailing four fiscal quarters. The Company may borrow funds at LIBOR or at a base rate, plus applicable margins of 225 basis point spread over LIBOR and 125 basis point spread on base rate loans. In addition to standard fees, the facility has an unused line fee based on the unused amount of the credit facility, ranging from 25 to 50 basis points. As of December 31, 2015 and March 31, 2016, the interest rate on the credit facility was approximately 2.25%. The WF Loan Agreement also contains customary events of default, including a cross default provision and a change of control provision. In the event of a default, all of the obligations of the Company and its subsidiaries under the WF Loan Agreement may be declared immediately due and payable. For certain events of default relating to insolvency and receivership, all outstanding obligations become due and payable. As of December 31, 2015 and March 31, 2016, the Company was in compliance with the financial covenants under the WF Loan Agreement.

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	Mar. 31, 2016
Convertible Senior Notes	Note 6 — Convertible Senior Notes In July 2013, the Company sold an aggregate of $100.0 million principal amount of 4.25% Convertible Senior Notes due 2018 (the “2018 Notes”). The 2018 Notes are senior unsecured obligations of the Company paying interest semi-annually in arrears on August 1 and February 1 of each year at a rate of 4.25% per annum and will mature on August 1, 2018. The initial conversion rate for the 2018 Notes is 114.3674 shares of JAKKS common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $8.74 per share of common stock, subject to adjustment in certain events. Upon conversion, the 2018 Notes will be settled in shares of the Company’s common stock. Holders of the 2018 Notes may require that the Company repurchase for cash all or some of their notes upon the occurrence of a fundamental change (as defined in the 2018 Notes). The Company used $61.0 million of the approximate $96.0 million in net proceeds from the offering to repurchase at par $61.0 million principal amount of then outstanding convertible senior notes. The remainder of the net proceeds has been used for general corporate purposes. In April 2016, the Company repurchased and retired approximately $0.6 million principal amount of the 2018 Notes. In June 2014, the Company sold an aggregate of $115.0 million principal amount of 4.875% Convertible Senior Notes due 2020 (the “2020 Notes”). The 2020 Notes are senior unsecured obligations of the Company paying interest semi-annually in arrears on June 1 and December 1 of each year at a rate of 4.875% per annum and will mature on June 1, 2020. The initial conversion rate for the 2020 Notes is 103.7613 shares of our common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $9.64 per share of common stock, subject to adjustment in certain events. Upon conversion, the 2020 Notes will be settled in shares of the Company’s common stock. Holders of the 2020 Notes may require that the Company repurchase for cash all or some of their notes upon the occurrence of a fundamental change (as defined in the 2020 Notes). The Company received net proceeds of approximately $110.4 million from the offering of which $24.0 million was used to repurchase 3.1 million shares of the Company’s common stock under a prepaid forward purchase contract and $39.0 million was used to redeem the remaining outstanding principal amount of then outstanding convertible senior notes at maturity in November 2014. The remainder of the net proceeds has been used for general corporate purposes. In January 2016, the Company repurchased and retired $2.0 million principal amount of the 2020 Notes. On January 1, 2016, the Company adopted ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs related to a recognized debt liability to be presented on the balance sheet as a direct deduction from the debt liability, similar to the presentation of debt premiums and discounts. ASU 2015-03 applies retrospectively and does not change the recognition and measurement requirements for debt issuance costs. As a result the Company reclassified $5.8 million of debt issuance costs previously included in other long term assets to convertible senior notes, net on its condensed consolidated financial statements as of December 31, 2015. The fair value of the 2018 Notes as of December 31, 2015 and March 31, 2016 was approximately $102.0 million and $97.2 million, respectively, based upon the most recent quoted market price. The fair value of the 2020 Notes as of December 31, 2015 and March 31, 2016 was approximately $112.3 million and $107.1 million, respectively, based upon the most recent quoted market price. The fair value of the convertible senior notes is considered to be a Level 2 measurement on the fair value hierarchy.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes	Note 7 — Income Taxes The Company’s income tax expense of $0.4 million for the three months ended March 31, 2016 reflects an effective tax rate of (2.5%). The Company’s income tax expense of $0.4 million for the three months ended March 31, 2015 reflects an effective tax rate of (6.0%). The majority of the provision relates to foreign taxes. In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes,” which requires all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The guidance in ASU 2015-17 is effective for the fiscal year, and interim periods within that fiscal year, beginning after December 15, 2016, with early adoption permitted. The Company early adopted this standard as of January 1, 2016 and applied the standard retrospectively. As a result of adopting this standard, current deferred tax liabilities of $2.7 million and non-current deferred tax assets of $0.4 million were reclassified to net non-current deferred tax liabilities as of December 31, 2015.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2016
Loss Per Share	Note 8 — Loss Per Share The following table is a reconciliation of the weighted average shares used in the computation of loss per share for the periods presented (in thousands, except per share data): Three Months Ended March 31, 2015 2016 Loss Weighted Average Shares Per-Share Loss Weighted Average Shares Per- Share Loss per share – basic and diluted Net loss available to common stockholders $ (7,581 ) 19,090 $ (0.40 ) $ (17,415 ) 17,218 $ (1.01 ) Basic loss per share is calculated using the weighted average number of common shares outstanding during the period. Diluted earnings per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of warrants, options and convertible debt to the extent they are dilutive). The weighted average number of common shares outstanding excludes shares repurchased pursuant to a prepaid forward share repurchase agreement (See Note 9). Common share equivalents that could potentially dilute basic earnings per share in the future, which were excluded from the computation of diluted earnings per share due to being anti-dilutive, totaled approximately 2,613,433 and 1,887,771 for the three months ended March 31, 2015 and 2016, respectively.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	3 Months Ended
	Mar. 31, 2016
Common Stock and Preferred Stock	Note 9 — Common Stock and Preferred Stock The Company has 105,000,000 authorized shares of stock consisting of 100,000,000 shares of $.001 par value common stock and 5,000,000 shares of $.001 par value preferred stock. In June 2014, the Company effectively repurchased 3,112,840 shares of its common stock at an average cost of $7.71 per share for an aggregate amount of $24.0 million pursuant to a prepaid forward share repurchase agreement entered into with Merrill Lynch International (“ML”). These repurchased shares are treated as retired for basic and diluted EPS purposes although they remain legally outstanding. The Company reflects the aggregate purchase price of its common shares repurchased as a reduction to stockholders’ equity classified as Treasury Stock. No shares have been delivered to the Company by ML as of March 31, 2016. In January 2015, the Company issued an aggregate of 525,734 shares of restricted stock at a value of approximately $3.6 million to two executive officers, of which 38,603 vest, based on the achievement of certain company financial performance criteria and market conditions, over a one to three year period. The remaining 487,131 shares were forfeited based on such criteria. In addition, an aggregate of 73,855 shares of restricted stock were issued to its five non-employee directors, which vested in January 2016, at an aggregate value of approximately $0.5 million. In April 2015, the Company issued an aggregate of 135,234 shares of restricted stock at a value of approximately $0.9 million to an executive officer, of which 10,143 vest, based on the achievement of certain company financial performance criteria and market conditions, over a one to three year period. The remaining 125,091 shares were forfeited based on such criteria. In June 2015, the Board of Directors authorized the repurchase of up to an aggregate of $30.0 million of the Company’s outstanding common stock and/or convertible notes (collectively, “securities”). The Company intends to retire any repurchased securities. As of March 31, 2016, the Company repurchased and retired 2,863,561 shares of its common stock at an aggregate value of $23.0 million and also repurchased and retired $2.0 million principal amount of its 2020 Notes at a value of $1.94 million. During the first quarter of 2016, the Company paid $9.8 million for the repurchase of common stock as treasury stock, and retired an aggregate of $14.2 million of treasury stock. In January 2016, the Company issued an aggregate of 449,120 shares of restricted stock at a value of approximately $3.6 million to two executive officers, which vest, subject to certain company financial performance criteria and market conditions, over a one to three year period. In addition, an aggregate of 62,710 shares of restricted stock were issued to its five non-employee directors, which vest in January 2017, at an aggregate value of approximately $0.5 million. In March 2016, the Company issued an aggregate of 134,058 shares of restricted stock at a value of approximately $0.9 million to an executive officer, which vest, subject to certain company financial performance criteria and market conditions, over a one to three year period. All issuances of common stock, including those issued pursuant to stock option and warrant exercises, restricted stock grants and acquisitions, are issued from the Company’s authorized but not issued and outstanding shares.

Business Combinations

Business Combinations	3 Months Ended
	Mar. 31, 2016
Business Combinations	Note 10 — Business Combinations In July 2012, the Company acquired all of the stock of Maui, Inc. and related entities (collectively, “Maui”). The total initial consideration of $37.6 million consisted of $36.2 million in cash and the assumption of liabilities in the amount of $1.4 million. In addition, the Company agreed to pay an earn-out of up to an aggregate amount of $18.0 million in cash over the three calendar years following the acquisition based on the achievement of certain financial performance criteria. The fair value of the expected earn-out of $16.0 million was accrued and recorded as goodwill as of the acquisition date. Maui did not achieve the prescribed minimum earn-out targets for each of the three years in the period ended December 31, 2015; therefore, changes of $6.0 million, $5.9 million and $5.6 million in the earn-out liability were credited to other income in the fourth quarter of 2013 and third quarters of 2014 and 2015, respectively. Maui is a leading manufacturer and distributor of spring and summer activity toys and impulse toys and was included in the Company’s results of operations from the date of acquisition.

Joint Ventures

Joint Ventures	3 Months Ended
	Mar. 31, 2016
Joint Ventures	Note 11 — Joint Ventures The Company owns a fifty percent interest in a joint venture (“DreamPlay Toys”) with NantWorks LLC (“NantWorks”). Pursuant to the operating agreement of DreamPlay Toys, the Company paid to NantWorks cash in the amount of $8.0 million and issued NantWorks a warrant to purchase 1.5 million shares of the Company’s common stock at a value of $7.0 million in exchange for the exclusive right to utilize NantWorks’ recognition technology platform for toy products. The Company has classified these rights as an intangible asset and is amortizing the asset over the anticipated revenue stream from the exploitation of these rights. The joint venture entered into a Toy Services Agreement (the “TSA”) with NantWorks with an initial term of three years and a three-year renewal period, to develop and produce toys utilizing recognition technologies owned by NantWorks. Under the terms of the TSA, NantWorks is entitled to receive a preferred return based upon net sales of DreamPlay Toys product sales and third-party license fees. Pursuant to an amendment, the TSA was renewed to September 30, 2018 in exchange for cash in the amount of $1.2 million payable to NantWorks over a two-year period, subject to the achievement of certain financial targets. The accrued preferred return for NantWorks was approximately $36,472 and $6,087 for the three months ended March 31, 2015 and 2016, respectively. The Company retains the financial risk of the joint venture and is responsible for the day-to-day operations, including the development, sale and distribution of the toy products, for which it is entitled to receive any remaining profit or is responsible for any losses. The results of operations of the joint venture are consolidated with the Company’s results. In addition, the Company purchased for $7.0 million in cash a five percent economic interest in a related entity, DreamPlay, LLC, that will exploit the proprietary recognition technologies in non-toy consumer product categories. NantWorks has the right to repurchase all of the Company’s interest for $7.0 million. The Company has classified this investment as a long term asset on its balance sheet and is accounting for it using the cost method. As of March 31, 2016 the Company determined that the value of this investment will be realized and that no impairment has occurred. The Company owns a fifty-one percent interest in a joint venture with China-based Meisheng Culture & Creative Corp., which provides certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China. The joint venture includes a subsidiary in the Shanghai Free Trade Zone that sells, distributes and markets these products. The results of operations of the joint venture are consolidated with the Company’s results. The non-controlling interest’s share of the losses for the three months ended March 31, 2015 was immaterial, and the net income attributable to the non-controlling interest for the three months ended March 31, 2016 was $31,932.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2016
Goodwill	Note 12 — Goodwill The changes to the carrying amount of goodwill as of March 31, 2016 are summarized as follows (in thousands): Total Balance, December 31, 2015 $ 44,199 Adjustments to goodwill for foreign currency translation (175 ) Balance, March 31, 2016 $ 44,024 The Company applies a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis and, if certain events or circumstances indicate that an impairment loss may have been incurred, on an interim basis. The analysis of potential impairment of goodwill requires a two-step process. The first step is the estimation of fair value. If step one indicates that an impairment potentially exists, the second step is performed to measure the amount of impairment, if any. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. No goodwill impairment was determined to have occurred during the three months ended March 31, 2015 and 2016.

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill and Other Assets	3 Months Ended
	Mar. 31, 2016
Intangible Assets Other Than Goodwill and Other Assets	Note 13 — Intangible Assets Other Than Goodwill and Other Assets Intangible assets other than goodwill and other assets consist primarily of licenses, product lines, customer relationships and trademarks. Amortized intangible assets are included in Intangibles in the accompanying balance sheets. Trademarks are disclosed separately in the accompanying balance sheets. Intangible assets as of December 31, 2015 and March 31, 2016 include the following (in thousands, except for weighted useful lives): December 31, 2015 March 31, 2016 Weighted Gross Gross Useful Carrying Accumulated Net Carrying Accumulated Net Lives Amount Amortization Amount Amount Amortization Amount (Years) Amortized Intangible Assets: Licenses 4.96 $ 91,488 $ (86,994 ) $ 4,494 $ 91,488 $ (87,407 ) $ 4,081 Product lines 5.74 67,794 (32,077 ) 35,717 67,794 (33,758 ) 34,036 Customer relationships 5.21 9,348 (8,391 ) 957 9,348 (8,546 ) 802 Trade names 5.00 3,000 (2,050 ) 950 3,000 (2,200 ) 800 Non-compete / Employment contracts 3.90 3,333 (3,266 ) 67 3,333 (3,279 ) 54 Total amortized intangible assets 174,963 (132,778 ) 42,185 174,963 (135,190 ) 39,773 Deferred Costs: Debt issuance costs 1.74 2,411 (1,594 ) 817 2,411 (1,746 ) 665 Unamortized Intangible Assets: Trademarks 2,308 — 2,308 2,308 — 2,308 Total Intangible Assets $ 179,682 $ (134,372 ) $ 45,310 $ 179,682 $ (136,936 ) $ 42,746 Amortization expense related to limited life intangible assets and debt issuance costs, pertaining to the Company’s credit facility with GECC, was $1.8 million and $2.6 million for the three months ended March 31, 2015 and 2016, respectively.

Comprehensive Loss

Comprehensive Loss	3 Months Ended
	Mar. 31, 2016
Comprehensive Loss	Note 14 — Comprehensive Loss The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2015 and 2016 (in thousands): Three Months Ended March 31, 2015 2016 Net loss $ (7,581 ) $ (17,383 ) Other comprehensive loss: Foreign currency translation adjustment (2,385 ) (724 ) Comprehensive loss (9,966 ) (18,107 ) Less: Comprehensive income attributable to non-controlling interests — — Comprehensive loss attributable to JAKKS Pacific, Inc. $ (9,966 ) $ (18,107 )

Litigation

Litigation	3 Months Ended
	Mar. 31, 2016
Litigation	Note 15 — Litigation On July 25, 2013, a purported class action lawsuit was filed in the United States District Court for the Central District of California captioned Melot v. JAKKS Pacific, Inc. et al., Case No. CV13-05388 (JAK) against Stephen G. Berman, Joel M. Bennett (collectively the “Individual Defendants”), and the Company (collectively, “Defendants”). On July 30, 2013, a second purported class action lawsuit was filed containing similar allegations against Defendants captioned Dylewicz v. JAKKS Pacific, Inc. et al., Case No. CV13-5487 (OON). The two cases (collectively, the “Class Action”) were consolidated on December 2, 2013 under Case No. CV13-05388 JAK (SSx) and lead plaintiff and lead counsel appointed. On January 17, 2014, Plaintiff filed a consolidated class action complaint (the “First Amended Complaint”) against Defendants which alleged that the Company violated Section 10(b) of the Securities Exchange Act and Rule 10b-5 promulgated thereunder by making false and/or misleading statements concerning Company financial projections and performance as part of its public filings and earnings calls from July 17, 2012 through July 17, 2013. Specifically, the First Amended Complaint alleged that the Company’s forward looking statements, guidance and other public statements were false and misleading for allegedly failing to disclose (i) certain alleged internal forecasts, (ii) the Company's alleged quarterly practice of laying off and rehiring workers, (iii) the Company's alleged entry into license agreements with guaranteed minimums the Company allegedly knew it was unable to meet; and (iv) allegedly poor performance of the Monsuno and Winx lines of products after their launch. The First Amended Complaint also alleged violations of Section 20(a) of the Exchange Act by Messrs. Berman and Bennett. The First Amended Complaint sought compensatory and other damages in an undisclosed amount as well as attorneys’ fees and pre-judgment and post-judgment interest. The Company filed a motion to dismiss the First Amended Complaint on February 17, 2014, and the motion was granted, with leave to replead. A Second Amended Complaint (“SAC”) was filed on July 8, 2014 and it set forth similar allegations to those in the First Amended Complaint about discrepancies between internal projections and public forecasts and the other allegations except that the claim with respect to guaranteed minimums that the Company allegedly knew it was unable to meet was eliminated. The Company filed a motion to dismiss the SAC and that motion was granted with leave to replead. A Third Amended Complaint (“TAC”) was filed on March 23, 2015 with similar allegations. The Company filed a motion to dismiss the TAC and that motion was argued on July 22, 2015; after argument it was taken on submission and a decision has not been issued. The foregoing is a summary of the pleadings and is subject to the text of the pleadings which are on file with the Court. We believe that the claims in the Class Action are without merit, and we intend to defend vigorously against them. However, because the Class Action is in a preliminary stage, we cannot assure you as to its outcome, or that an adverse decision in such action would not have a material adverse effect on our business, financial condition or results of operations. On February 25, 2014, a shareholder derivative action was filed in the Central District of California by Advanced Advisors, G.P. against the Company, nominally, and against Messrs. Berman, Bennett, Miller, Skala, Glick, Ellin, Almagor, Poulsen and Reilly and Ms. Brodsky (Advanced Partners, G.P., v. Berman, et al., CV14-1420 (DSF)). On March 6, 2014, a second shareholder derivative action alleging largely the same claims against the same defendants was filed in the Central District of California by Louisiana Municipal Police Employees Retirement System (Louisiana Municipal Police Employees Retirement System v. Berman et al., CV14-1670 (GHF). On April 17, 2014, the cases were consolidated under Case No. 2:14-01420-JAK (SSx) (the “Derivative Action”). On April 30, 2014, a consolidated amended complaint (“CAC”) was filed, which alleged (i) a claim for contribution under Sections 10(b) and 21(D) of the Securities Exchange Act related to allegations made in the Class Action; (ii) derivative and direct claims for alleged violations of Section 14 of the Exchange Act and Rule 14a-9 promulgated thereunder related to allegedly misleading statements about Mr. Berman’s compensation plan in the Company’s October 25, 2013 proxy statement; (iii) derivative claims for breaches of fiduciary duty related to the Company’s response to an unsolicited indication of interest from Oaktree Capital, stock repurchase, standstill agreement with the Clinton Group, and decisions related to the NantWorks joint venture; and (iv) claims against Messrs. Berman and Bennett for breach of fiduciary duty related to the Class Action. The CAC seeks compensatory damages, pre-judgment and post-judgment interest, and declaratory and equitable relief. The foregoing is a summary of the CAC and is subject to the text of the CAC, which is on file with the Court. A motion to dismiss the CAC or, in the alternative, to stay the CAC, was filed in May 2014. The Court granted the motion in part and denied the motion in part with leave for plaintiff to file an amended pleading. Plaintiff declined to do so. Accordingly, claims i, ii and iv have been dismissed and only the elements of claim iii not relating to the NantWorks joint venture remain. Thus, there are no surviving claims against Messrs. Poulsen, Reilly and Bennett and Ms. Brodsky and the Court approved the parties’ stipulation to strike their names as defendants in the CAC. Pleadings in response to the CAC were filed on October 30, 2014, which are on file with the Court. The matter was referred to mediation by the Court and the parties, at the mediation, reached an agreement in principle to resolve the action. Thereafter the parties entered into a memorandum of such agreement, subject to Court approval. A motion was filed seeking preliminary approval of the settlement and establishment of the procedure for final approval of the settlement; preliminary approval of the settlement was granted and a hearing regarding final approval of the proposed settlement and attorneys’ fees in connection therewith took place on November 2, 2015. At the hearing, the Judge indicated that he would approve the settlement with a formal order, and that he would take the attorneys’ fee issue under advisement. We are a party to, and certain of our property is the subject of, various pending claims and legal proceedings that routinely arise in the ordinary course of our business, but we do not believe that any of these claims or proceedings will have a material effect on our business, financial condition or results of operations.

Share-Based Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2016
Share-Based Payments	Note 16 — Share-Based Payments The Company’s 2002 Stock Award and Incentive Plan The following table summarizes the total share-based compensation expense and related tax benefits recognized for the three months ended March 31, 2015 and 2016 (in thousands): Three Months Ended March 31, 2015 2016 Restricted stock compensation expense $ 504 $ 623 Tax benefit related to restricted stock compensation $ — $ — No stock options were outstanding as of December 31, 2015 and there has been no stock option activity pursuant to the Plan for the three months ended March 31, 2016. Restricted stock award activity pursuant to the Plan for the three months ended March 31, 2016 is summarized as follows: Restricted Stock Awards Weighted Average Number of Grant Shares Price Outstanding, December 31, 2015 411,409 $ 6.61 Awarded 645,888 7.00 Released (125,250 ) 7.05 Forfeited — — Outstanding, March 31, 2016 932,047 $ 6.82 As of March 31, 2016, there was $2.0 million of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a weighted-average period of 1.44 years.

Business Segments, Geographic22

Business Segments, Geographic Data, Sales by Product Group and Major Customers (Tables)	3 Months Ended
	Mar. 31, 2016
Information by Segment and Reconciliation to Reported Amounts	Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2015 and 2016 and as of December 31, 2015 and March 31, 2016 are as follows (in thousands): Three Months Ended March 31, 2015 2016 Net Sales U.S. and Canada $ 76,844 $ 72,202 International 36,306 20,168 Halloween 1,051 3,439 $ 114,201 $ 95,809 Three Months Ended March 31, 2015 2016 Income (Loss) from Operations U.S. and Canada $ (3,071 ) $ (8,553 ) International 1,946 (2,161 ) Halloween (3,074 ) (3,102 ) $ (4,199 ) $ (13,816 ) Three Months Ended March 31, 2015 2016 Depreciation and Amortization Expense U.S. and Canada $ 1,866 $ 3,070 International 865 852 Halloween 32 114 $ 2,763 $ 4,036 December 31, March 31, 2015 2016 Assets U.S. and Canada $ 320,528 $ 287,626 International 157,493 123,701 Halloween 21,599 19,244 $ 499,620 $ 430,571
Information by Geographic Area	The following tables present information about the Company by geographic area as of December 31, 2015 and March 31, 2016 and for the three months ended March 31, 2015 and 2016 (in thousands): December 31, 2015 March 31, 2016 Long-lived Assets China $ 10,172 $ 10,250 United States 7,702 9,076 Hong Kong 561 534 $ 18,435 $ 19,860 Three Months Ended March 31, 2015 2016 Net Sales by Customer Area United States $ 71,822 $ 70,968 Europe 25,098 12,755 Canada 6,224 4,650 Hong Kong 438 339 Other 10,619 7,097 $ 114,201 $ 95,809
Net Sales by Product Group	Net sales by product group for the three months ended March 31, 2015 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2015 2016 Traditional Toys and Electronics $ 65,045 $ 42,030 Role Play, Novelty and Seasonal Toys 49,156 53,779 $ 114,201 $ 95,809
Net Sales to Major Customers	Net sales to major customers for the three months ended March 31, 2015 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2015 2016 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 29,806 26.1 % $ 27,747 28.9 % Toys ‘R’ Us 9,496 8.3 8,334 8.7 Target 12,132 10.6 8,122 8.5 $ 51,434 45.0 % $ 44,203 46.1 %

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Valued at Lower of Cost (First-in, First-out) or Market, Net of Inventory Obsolescence Reserve	Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or market, net of inventory obsolescence reserve, and consists of the following (in thousands): December 31, 2015 March 31, 2016 Raw materials $ 3,717 $ 2,719 Finished goods 56,827 50,751 $ 60,544 $ 53,470

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Reconciliation of Weighted Average Shares Used in Computation of Loss Per Share	The following table is a reconciliation of the weighted average shares used in the computation of loss per share for the periods presented (in thousands, except per share data): Three Months Ended March 31, 2015 2016 Loss Weighted Average Shares Per-Share Loss Weighted Average Shares Per- Share Loss per share – basic and diluted Net loss available to common stockholders $ (7,581 ) 19,090 $ (0.40 ) $ (17,415 ) 17,218 $ (1.01 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2016
Changes in Carrying Amount of Goodwill	The changes to the carrying amount of goodwill as of March 31, 2016 are summarized as follows (in thousands): Total Balance, December 31, 2015 $ 44,199 Adjustments to goodwill for foreign currency translation (175 ) Balance, March 31, 2016 $ 44,024

Intangible Assets Other Than 26

Intangible Assets Other Than Goodwill and Other Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Intangible Assets	Intangible assets as of December 31, 2015 and March 31, 2016 include the following (in thousands, except for weighted useful lives): December 31, 2015 March 31, 2016 Weighted Gross Gross Useful Carrying Accumulated Net Carrying Accumulated Net Lives Amount Amortization Amount Amount Amortization Amount (Years) Amortized Intangible Assets: Licenses 4.96 $ 91,488 $ (86,994 ) $ 4,494 $ 91,488 $ (87,407 ) $ 4,081 Product lines 5.74 67,794 (32,077 ) 35,717 67,794 (33,758 ) 34,036 Customer relationships 5.21 9,348 (8,391 ) 957 9,348 (8,546 ) 802 Trade names 5.00 3,000 (2,050 ) 950 3,000 (2,200 ) 800 Non-compete / Employment contracts 3.90 3,333 (3,266 ) 67 3,333 (3,279 ) 54 Total amortized intangible assets 174,963 (132,778 ) 42,185 174,963 (135,190 ) 39,773 Deferred Costs: Debt issuance costs 1.74 2,411 (1,594 ) 817 2,411 (1,746 ) 665 Unamortized Intangible Assets: Trademarks 2,308 — 2,308 2,308 — 2,308 Total Intangible Assets $ 179,682 $ (134,372 ) $ 45,310 $ 179,682 $ (136,936 ) $ 42,746

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2016
Components of Comprehensive loss	The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2015 and 2016 (in thousands): Three Months Ended March 31, 2015 2016 Net loss $ (7,581 ) $ (17,383 ) Other comprehensive loss: Foreign currency translation adjustment (2,385 ) (724 ) Comprehensive loss (9,966 ) (18,107 ) Less: Comprehensive income attributable to non-controlling interests — — Comprehensive loss attributable to JAKKS Pacific, Inc. $ (9,966 ) $ (18,107 )

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2016
Total Share-Based Compensation Expense and Related Tax Benefits Recognized	The following table summarizes the total share-based compensation expense and related tax benefits recognized for the three months ended March 31, 2015 and 2016 (in thousands): Three Months Ended March 31, 2015 2016 Restricted stock compensation expense $ 504 $ 623 Tax benefit related to restricted stock compensation $ — $ —
Restricted Stock Award Activity	Restricted stock award activity pursuant to the Plan for the three months ended March 31, 2016 is summarized as follows: Restricted Stock Awards Weighted Average Number of Grant Shares Price Outstanding, December 31, 2015 411,409 $ 6.61 Awarded 645,888 7.00 Released (125,250 ) 7.05 Forfeited — — Outstanding, March 31, 2016 932,047 $ 6.82

Business Segments, Geographic29

Business Segments, Geographic Data, Sales by Product Group and Major Customers - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2016CustomerSegment	Dec. 31, 2015Customer
Segment Reporting Information [Line Items]
Number of reporting segments | Segment	3
Number of major customers | Customer	3	3
Net Accounts Receivable | Three Largest Customers | Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of net accounts receivable accounted for by three largest customers	47.20%	56.20%

Information by Segment and Reco

Information by Segment and Reconciliation to Reported Amounts (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net Sales	$ 95,809	$ 114,201
Income (Loss) from Operations	(13,816)	(4,199)
Depreciation and Amortization Expense	4,036	2,763
Assets	430,571		$ 499,620	[1]
U.S. and Canada
Segment Reporting Information [Line Items]
Net Sales	72,202	76,844
Income (Loss) from Operations	(8,553)	(3,071)
Depreciation and Amortization Expense	3,070	1,866
Assets	287,626		320,528
International
Segment Reporting Information [Line Items]
Net Sales	20,168	36,306
Income (Loss) from Operations	(2,161)	1,946
Depreciation and Amortization Expense	852	865
Assets	123,701		157,493
Halloween
Segment Reporting Information [Line Items]
Net Sales	3,439	1,051
Income (Loss) from Operations	(3,102)	(3,074)
Depreciation and Amortization Expense	114	$ 32
Assets	$ 19,244		$ 21,599
[1]	Derived from audited financial statements

Information by Geographic Area

Information by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 19,860		$ 18,435	[1]
Net Sales	95,809	$ 114,201
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	10,250		10,172
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	9,076		7,702
Net Sales	70,968	71,822
Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	534		$ 561
Net Sales	339	438
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	12,755	25,098
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	4,650	6,224
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 7,097	$ 10,619
[1]	Derived from audited financial statements

Net Sales by Product Group (Det

Net Sales by Product Group (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Schedule of Net Sales from External Customers by Product [Line Items]
Net Sales	$ 95,809	$ 114,201
Traditional Toys and Electronics
Schedule of Net Sales from External Customers by Product [Line Items]
Net Sales	42,030	65,045
Role Play, Novelty and Seasonal Toys
Schedule of Net Sales from External Customers by Product [Line Items]
Net Sales	$ 53,779	$ 49,156

Net Sales to Major Customers (D

Net Sales to Major Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue, Major Customer [Line Items]
Net Sales	$ 95,809	$ 114,201
Wal-Mart
Revenue, Major Customer [Line Items]
Net Sales	27,747	29,806
Toys 'R' Us
Revenue, Major Customer [Line Items]
Net Sales	8,334	9,496
Target
Revenue, Major Customer [Line Items]
Net Sales	8,122	12,132
Major Customer
Revenue, Major Customer [Line Items]
Net Sales	$ 44,203	$ 51,434
Net Sales | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	46.10%	45.00%
Net Sales | Wal-Mart | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	28.90%	26.10%
Net Sales | Toys 'R' Us | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	8.70%	8.30%
Net Sales | Target | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	8.50%	10.60%

Inventory Valued at Lower of Co

Inventory Valued at Lower of Cost (First-in, First-out) or Market, Net of Inventory Obsolescence Reserve (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventory [Line Items]
Raw materials	$ 2,719	$ 3,717
Finished goods	50,751	56,827
Inventory, net	$ 53,470	$ 60,544	[1]
[1]	Derived from audited financial statements

Revenue Recognition and Reser35

Revenue Recognition and Reserve for Sales Returns and Allowances - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	[1]
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Reserve for sales returns and allowances	$ 13,104	$ 17,267
Minimum
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Discount on invoiced amount of products	1.00%
Maximum
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Discount on invoiced amount of products	10.00%
[1]	Derived from audited financial statements

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2016	Dec. 31, 2015
GECC
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000	$ 0	$ 55,500,000
Line of credit facility, maturity date		Mar. 27, 2019
Amount of credit facility outstanding		$ 0	0
Stand by letters of credit outstanding amount		$ 28,200,000	$ 23,200,000
Rate of credit facility		2.25%	2.25%
GECC | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Applicable margin spread over base rate	2.25%
GECC | Base Rate
Line of Credit Facility [Line Items]
Applicable margin spread over base rate	1.25%
GECC | Minimum
Line of Credit Facility [Line Items]
Percentage of fee for unused amount of credit facility		0.25%
GECC | Maximum
Line of Credit Facility [Line Items]
Percentage of fee for unused amount of credit facility		0.50%
WF Loan Agreement | Minimum
Line of Credit Facility [Line Items]
Fixed charge coverage ratio		120.00%

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended			3 Months Ended
	Nov. 30, 2014	Jun. 30, 2014	Jul. 31, 2013	Mar. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Payment for repurchase of common stock				$ 9,841
Repurchase of common stock under prepaid forward repurchase agreement, shares		3,112,840
Repayments of debt				1,940
Other long term assets				2,831			$ 3,125	[1]
Convertible senior notes, net				$ 207,797			209,166	[1]
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Long term debt, face amount			$ 100,000
Debt instrument, interest rate			4.25%
Debt instrument, maturity date			Aug. 1, 2018
Frequency of interest payment				Semi-annually
Conversion rate in share per $1000 principal amount of notes			114.3674
Debt instrument, conversion rate			$ 8.74
Net proceeds from debt instrument			$ 96,000
Debt instrument repurchase amount			$ 61,000
Convertible senior note payable, fair value				$ 97,200			102,000
4.875% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Long term debt, face amount		$ 115,000
Debt instrument, interest rate		4.875%
Debt instrument, maturity date		Jun. 1, 2020
Frequency of interest payment				Semi-annually
Conversion rate in share per $1000 principal amount of notes		103.7613
Debt instrument, conversion rate		$ 9.64
Net proceeds from debt instrument		$ 110,400
Debt instrument repurchase amount						$ 2,000
Payment for repurchase of common stock		$ 24,000
Repurchase of common stock under prepaid forward repurchase agreement, shares		3,100,000
Repayments of debt	$ 39,000
Convertible senior note payable, fair value				$ 107,100			112,300
Subsequent Event | 4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Debt instrument repurchase amount					$ 600
ASU 2015-03 | Restatement Adjustment
Debt Instrument [Line Items]
Other long term assets							(5,800)
Convertible senior notes, net							$ 5,800
[1]	Derived from audited financial statements

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Taxes [Line Items]
Provision for income taxes	$ 432	$ 427
Effective income tax rate	(2.50%)	(6.00%)
ASU 2015-17 | Restatement Adjustment
Income Taxes [Line Items]
Current deferred tax liabilities			$ (2,700)
Non-current deferred tax assets			$ (400)

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares Used in Computation of Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share Disclosure [Line Items]
Net loss available to common stockholders	$ (17,415)	$ (7,581)
Shares used in loss per share	17,218	19,090
Loss per share	$ (1.01)	$ (0.40)

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Common Stock Equivalents
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted earnings per common share	1,887,771	2,613,433

Common Stock and Preferred St41

Common Stock and Preferred Stock - Additional Information (Detail)	1 Months Ended						3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares	Jan. 31, 2016USD ($)ExecutiveOfficersDirectorshares	Apr. 30, 2015USD ($)shares	Jan. 31, 2015USD ($)ExecutiveOfficersDirectorshares	Nov. 30, 2014USD ($)	Jun. 30, 2014USD ($)$ / sharesshares	Mar. 31, 2016USD ($)$ / sharesshares	Dec. 31, 2015$ / sharesshares	[1]	Jun. 30, 2015USD ($)
Class of Stock [Line Items]
Common stock, shares authorized | shares	100,000,000						100,000,000	100,000,000
Preferred shares, shares authorized | shares	5,000,000						5,000,000	5,000,000
Total number of shares authorized | shares	105,000,000						105,000,000
Common stock, par value | $ / shares	$ 0.001						$ 0.001	$ 0.001
Preferred shares, par value | $ / shares	$ 0.001						$ 0.001	$ 0.001
Repurchase of common stock, shares | shares						3,112,840
Repurchase of common stock, average price per share | $ / shares						$ 7.71
Repurchase of common stock, value						$ 24,000,000
Number of executive officers | ExecutiveOfficers				2
Number of non-employee directors | Director				5
Shares of restricted stock, vested | shares							125,250
Repurchase of convertible senior notes							$ 1,940,000
Payment for repurchase of common stock							9,841,000
Retirement of treasury stock							$ 14,200,000
4.875% Convertible Senior Notes (due 2020)
Class of Stock [Line Items]
Repurchase of common stock, shares | shares						3,100,000
Amount of convertible notes repurchased and retired		$ 2,000,000
Repurchase of convertible senior notes					$ 39,000,000
Payment for repurchase of common stock						$ 24,000,000
Securities
Class of Stock [Line Items]
Retirement of common stock(share) | shares							2,863,561
Retirement of common stock							$ 23,000,000
Securities | 4.875% Convertible Senior Notes (due 2020)
Class of Stock [Line Items]
Amount of convertible notes repurchased and retired	$ 2,000,000						2,000,000
Repurchase of convertible senior notes							$ 1,940,000
Minimum | Restricted Stock
Class of Stock [Line Items]
Vesting period							1 year
Maximum | Restricted Stock
Class of Stock [Line Items]
Vesting period							5 years
Maximum | Securities
Class of Stock [Line Items]
Stock repurchase, authorized amount										$ 30,000,000
Executive officer
Class of Stock [Line Items]
Restricted stock issued, shares | shares	134,058	449,120	135,234	525,734
Restricted stock issued, value	$ 900,000	$ 3,600,000	$ 900,000	$ 3,600,000
Number of executive officers | ExecutiveOfficers		2
Shares of restricted stock, forfeited | shares			125,091	487,131
Executive officer | Restricted Stock
Class of Stock [Line Items]
Shares of restricted stock, vested | shares			10,143	38,603
Executive officer | Minimum | Restricted Stock
Class of Stock [Line Items]
Vesting period	1 year	1 year	1 year	1 year
Executive officer | Maximum | Restricted Stock
Class of Stock [Line Items]
Vesting period	3 years	3 years	3 years	3 years
Non-employee directors
Class of Stock [Line Items]
Restricted stock issued, shares | shares		62,710		73,855
Restricted stock issued, value		$ 500,000		$ 500,000
Number of non-employee directors | Director		5
Non-employee directors | Restricted Stock
Class of Stock [Line Items]
Shares of restricted stock, vesting date		2016-01		2016-01
[1]	Derived from audited financial statements

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jul. 31, 2012	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Other income		$ 5.6	$ 5.9	$ 6
Maui, Inc.
Business Acquisition [Line Items]
Business acquisition, total initial consideration	$ 37.6
Business acquisition, cash paid	36.2
Business acquisition, liabilities assumed	1.4
Business acquisition maximum additional earn-out payment	$ 18
Additional earn-out payment period	3 years
Fair value of the expected earn-out included in goodwill	$ 16

Joint Ventures - Additional Inf

Joint Ventures - Additional Information (Detail) - USD ($) shares in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015	[1]
Schedule of Equity Method Investments [Line Items]
Investment in DreamPlay LLC	$ 7,000,000		$ 7,000,000
Net Income attributable to non-controlling interests	$ 32,000
DreamPlay Toys
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture	50.00%
Cash paid to Nant Works for joint venture	$ 8,000,000
Cash paid to Nant Works for joint venture	$ 1,200,000
Issue of warrants (in shares)	1.5
Issue of warrants	$ 7,000,000
Joint venture toy service agreement renewal expiration date	Sep. 30, 2018
Equity in net income/(loss) of joint venture	$ 6,087	$ 36,472
Joint venture toy service agreement renewal period	3 years
Investment in DreamPlay LLC	$ 7,000,000
Percentage of ownership interest in joint venture	5.00%
Impairment charges	$ 0
China Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture	51.00%
Net Income attributable to non-controlling interests	$ 31,932
[1]	Derived from audited financial statements

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Goodwill [Line Items]
Balance at beginning of the period	$ 44,199	[1]
Adjustments to goodwill for foreign currency translation	(175)
Goodwill Ending Balance	$ 44,024
[1]	Derived from audited financial statements

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 0

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Acquired Intangible Assets by Major Class [Line Items]
Intangible assets, gross carrying amount	$ 179,682	$ 179,682
Intangible assets, accumulated amortization	(136,936)	(134,372)
Intangible assets, net amount	42,746	45,310
Trademarks, net	2,308	2,308	[1]
Amortized Intangible Assets, Gross Carrying Amount	174,963	174,963
Amortized Intangible Assets, Accumulated Amortization	(135,190)	(132,778)
Amortized Intangible Assets, Net Amount	$ 39,773	42,185	[1]
4.50% Convertible senior notes
Acquired Intangible Assets by Major Class [Line Items]
Deferred Costs, Weighted Useful Lives (Years)	1 year 8 months 27 days
Deferred Costs, Gross Carrying Amount	$ 2,411	2,411
Deferred Costs, Accumulated Amortization	(1,746)	(1,594)
Deferred Costs, Net Amount	$ 665	817
Licenses
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	4 years 11 months 16 days
Amortized Intangible Assets, Gross Carrying Amount	$ 91,488	91,488
Amortized Intangible Assets, Accumulated Amortization	(87,407)	(86,994)
Amortized Intangible Assets, Net Amount	$ 4,081	4,494
Product Lines
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	5 years 8 months 27 days
Amortized Intangible Assets, Gross Carrying Amount	$ 67,794	67,794
Amortized Intangible Assets, Accumulated Amortization	(33,758)	(32,077)
Amortized Intangible Assets, Net Amount	$ 34,036	35,717
Customer relationships
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	5 years 2 months 16 days
Amortized Intangible Assets, Gross Carrying Amount	$ 9,348	9,348
Amortized Intangible Assets, Accumulated Amortization	(8,546)	(8,391)
Amortized Intangible Assets, Net Amount	$ 802	957
Trade Name
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	5 years
Amortized Intangible Assets, Gross Carrying Amount	$ 3,000	3,000
Amortized Intangible Assets, Accumulated Amortization	(2,200)	(2,050)
Amortized Intangible Assets, Net Amount	$ 800	950
Non-compete/Employment contracts
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	3 years 10 months 24 days
Amortized Intangible Assets, Gross Carrying Amount	$ 3,333	3,333
Amortized Intangible Assets, Accumulated Amortization	(3,279)	(3,266)
Amortized Intangible Assets, Net Amount	$ 54	$ 67
[1]	Derived from audited financial statements

Intangible Assets Other Than 47

Intangible Assets Other Than Goodwill - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Finite-Lived and Indefinite-Lived Intangible Assets [Line Items]
Amortization expense	$ 2.6	$ 1.8

Components of Comprehensive los

Components of Comprehensive loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Statement of Income Captions [Line Items]
Net loss	$ (17,383)	$ (7,581)
Other comprehensive loss:
Foreign currency translation adjustment	(724)	(2,385)
Comprehensive loss	(18,107)	(9,966)
Less: Comprehensive income attributable to non-controlling interests	0	0
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (18,107)	$ (9,966)

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding	0	0
Unrecognized compensation, non-vested restricted stock awards	$ 2
Unrecognized compensation, non-vested restricted stock awards expected recognized period	1 year 5 months 9 days
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Total Share-Based Compensation

Total Share-Based Compensation Expense and Related Tax Benefits Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock compensation expense	$ 623	$ 504
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit related to restricted stock compensation	$ 0	$ 0

Summary of Restricted Stock Awa

Summary of Restricted Stock Award Activity (Detail)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Number of Shares
Outstanding at beginning of period | shares	411,409
Awarded | shares	645,888
Released | shares	(125,250)
Forfeited | shares	0
Outstanding, March 31, 2016 | shares	932,047
Weighted Average Fair Value
Outstanding at beginning of period | $ / shares	$ 6.61
Awarded | $ / shares	7
Released | $ / shares	7.05
Forfeited | $ / shares	0
Outstanding at end of period | $ / shares	$ 6.82