JAKKS Pacific (JAKK) 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 10, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
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		26,875,030

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets
Cash and cash equivalents	$ 57,456	$ 86,064
Restricted cash	10,576
Accounts receivable, net of allowance for uncollectible accounts of $2,574 and $2,864 in 2017 and 2016, respectively	98,491	173,599
Inventory, net	67,466	75,435
Income taxes receivable	1,745	1,204
Prepaid expenses and other assets	31,832	17,077
Total current assets	267,566	353,379
Property and equipment
Office furniture and equipment	14,474	14,345
Molds and tooling	104,670	103,128
Leasehold improvements	10,896	10,927
Total	130,040	128,400
Less accumulated depreciation and amortization	107,423	105,559
Property and equipment, net	22,617	22,841
Intangible assets, net	30,976	33,111
Other long term assets	2,306	2,156
Investment in DreamPlay LLC	7,000	7,000
Goodwill, net	43,268	43,208
Trademarks, net	2,608	2,608
Total assets	376,341	464,303
Current liabilities
Accounts payable	30,135	51,741
Accrued expenses	18,644	38,645
Reserve for sales returns and allowances	10,551	16,424
Short term debt	10,000	10,000
Total current liabilities	69,330	116,810
Convertible senior notes, net of debt issuance costs of $3,173 and $3,858 in 2017 and 2016, respectively	164,554	203,007
Other liabilities	4,909	5,004
Income taxes payable	2,248	2,248
Deferred income taxes, net	2,034	2,034
Total liabilities	243,075	329,103
Commitments and contingencies
Stockholders' equity
Preferred stock, $.001 par value; 5,000,000 shares authorized; nil outstanding
Common stock, $.001 par value; 100,000,000 shares authorized; 23,208,535 and 19,376,773 shares issued and outstanding in 2017 and 2016, respectively	23	19
Treasury stock, at cost; 3,112,840 and 3,112,840 shares in 2017 and 2016, respectively	(24,000)	(24,000)
Additional paid-in capital	193,440	177,624
Accumulated deficit	(20,464)	(2,148)
Accumulated other comprehensive loss	(16,676)	(17,207)
Total JAKKS Pacific, Inc. stockholders' equity	132,323	134,288
Non-controlling interests	943	912
Total stockholders' equity	133,266	135,200
Total liabilities and stockholders' equity	$ 376,341	$ 464,303

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Accounts receivable, allowance for uncollectible accounts	$ 2,574	$ 2,864
Debt issuance costs	$ 3,173	$ 3,858
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	23,208,535	19,376,773
Common stock, shares outstanding	23,208,535	19,376,773
Treasury stock, shares	3,112,840	3,112,840

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Net Sales	$ 94,505	$ 95,809
Cost of sales	64,484	64,626
Gross profit	30,021	31,183
Selling, general and administrative expenses	45,745	44,999
Loss from operations	(15,724)	(13,816)
Other income	23	75
Interest income	4	16
Interest expense	(2,932)	(3,226)
Loss before provision for (benefit from) income taxes	(18,629)	(16,951)
Provision for (benefit from) income taxes	(344)	432
Net loss	(18,285)	(17,383)
Net income attributable to non-controlling interests	31	32
Net loss attributable to JAKKS Pacific, Inc.	$ (18,316)	$ (17,415)
Loss per share - basic and diluted	$ (1.01)	$ (1.01)
Shares used in loss per share	18,104	17,218
Comprehensive loss	$ (17,754)	$ (18,107)
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (17,785)	$ (18,139)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities
Net loss	$ (18,285)	$ (17,383)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,380	4,037
Write-off and amortization of debt issuance costs	837	783
Share-based compensation expense	748	623
(Gain) loss on disposal of property and equipment	(2)	1
Gain on extinguishment of convertible senior notes		(60)
Deferred income taxes		(94)
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	75,108	77,916
Inventory	7,969	7,074
Income taxes receivable	(541)
Prepaid expenses and other assets	(15,056)	(868)
Accounts payable	(19,258)	(8,756)
Accrued expenses	(20,001)	(26,556)
Reserve for sales returns and allowances	(5,873)	(4,163)
Income taxes payable		674
Other liabilities	(95)	148
Total adjustments	28,216	50,759
Net cash provided by operating activities	9,931	33,376
Cash flows from investing activities
Purchases of property and equipment	(4,367)	(3,816)
Net cash used in investing activities	(4,367)	(3,816)
Cash flows from financing activities
Repurchase of common stock		(9,841)
Repurchase of common stock for employee tax withholding	(12)	(844)
Restricted cash	(10,576)
Repurchase of convertible senior notes	(24,052)	(1,940)
Net cash used in financing activities	(34,640)	(12,625)
Net increase (decrease) in cash and cash equivalents	(29,076)	16,935
Effect of foreign currency translation	468	(549)
Cash and equivalents, beginning of period	86,064	102,528
Cash and equivalents, end of period	57,456	118,914
Cash paid during the period for:
Income taxes	221	311
Interest	$ 2,039	$ 2,139

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Basis of Presentation	Note 1 — Basis of Presentation The accompanying unaudited interim 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, 2016. The information provided in this report reflects all adjustments (consisting solely of normal recurring items) that are, in the opinion of management, necessary to present fairly the financial position and the results of operations for the periods presented. Interim results are not necessarily, especially given seasonality, indicative of results to be expected for a full year. The consolidated financial statements include the accounts of JAKKS Pacific, Inc. and its wholly-owned subsidiaries (collectively, “the Company”). The consolidated financial statements also include the accounts of DreamPlay Toys, LLC, a joint venture between JAKKS Pacific, Inc. and NantWorks LLC, JAKKS Meisheng Trading (Shanghai) Limited, a joint venture between JAKKS Pacific, Inc. and Meisheng Cultural & Creative Corp., Ltd., and JAKKS Meisheng Animation (HK) Limited, a joint venture between JAKKS Pacific, Inc. and Hong Kong Meisheng Cultural Company Limited. Certain prior period amounts have been reclassified for consistency with the current period presentation. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers”, 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 the pending adoption of ASU 2014-09 on its consolidated financial statements and has not yet determined the method by which it will adopt the standard in 2018. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The new guidance is intended to improve the recognition and measurement of financial instruments. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2017. The Company is currently assessing the potential impact of this ASU on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact of the pending adoption of this new standard on its consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” The new guidance is intended to reduce diversity in practice in how transactions are classified in the statement of cash flows. This ASU is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory.” The amendments in this ASU reduces the complexity in the accounting standards by allowing the recognition of current and deferred income taxes for an intra-entity asset transfer, other than inventory, when the transfer occurs. Historically, recognition of the income tax consequence was not recognized until the asset was sold to an outside party. This ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact of this ASU on its consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. The update requires that amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The new standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and early adoption is permitted. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU 2017-04, “Simplifying the Test for Goodwill Impairment”, which removes Step 2 from the goodwill impairment test. ASU 2017-04 will be effective for interim and annual reporting periods beginning after December 15, 2019. Early application is permitted after January 1, 2017. The Company is currently evaluating the impact of the adoption of ASU 2017-04 on its consolidated financial statements.

Business Segments, Geographic D

Business Segments, Geographic Data, and Sales by Major Customers	3 Months Ended
	Mar. 31, 2017
Business Segments, Geographic Data, and Sales by Major Customers	Note 2 — Business Segments, Geographic Data, and Sales by Major Customers The Company is a worldwide producer and marketer of children’s toys and other consumer products, principally engaged in the design, development, production, marketing and distribution of its diverse portfolio of products. The Company has aligned its operating segments into three segments that reflect the management and operation of the business. The Company’s segments are (i) U.S. and Canada, (ii) International, and (iii) Halloween. The U.S. and Canada segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and 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, 2017 and 2016 and as of March 31, 2017 and December 31, 2016 are as follows (in thousands): Three Months Ended 2017 2016 Net Sales U.S. and Canada $ 70,912 $ 72,202 International 19,942 20,168 Halloween 3,651 3,439 $ 94,505 $ 95,809 Three Months Ended 2017 2016 Loss from Operations U.S. and Canada $ (7,876 ) $ (8,553 ) International (1,772 ) (2,161 ) Halloween (6,076 ) (3,102 ) $ (15,724 ) $ (13,816 ) Three Months Ended 2017 2016 Depreciation and Amortization Expense U.S. and Canada $ 3,374 $ 3,070 International 898 852 Halloween 108 114 $ 4,380 $ 4,036 March 31, December 31, Assets U.S. and Canada $ 246,206 $ 306,895 International 99,464 119,560 Halloween 30,671 37,848 $ 376,341 $ 464,303 The following tables present information about the Company by geographic area as of March 31, 2017 and December 31, 2016 and for the three months ended March 31, 2017 and 2016 (in thousands): March 31, December 31, Long-lived Assets China $ 15,764 $ 15,710 United States 6,347 6,587 Hong Kong 506 544 $ 22,617 $ 22,841 Three Months Ended 2017 2016 Net Sales by Customer Area United States $ 69,560 $ 70,968 Europe 12,560 12,755 Canada 4,444 4,650 Hong Kong 219 339 Other 7,722 7,097 $ 94,505 $ 95,809 Major Customers Net sales to major customers for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2017 2016 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 23,252 24.6 % $ 27,747 28.9 % Target 12,659 13.4 8,334 8.7 Toys 'R' Us 7,711 8.2 8,122 8.5 $ 43,622 46.2 % $ 44,203 46.1 % At March 31, 2017 and December 31, 2016, the Company’s three largest customers accounted for approximately 46.3% and 35.8%, 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, 2017
Inventory	Note 3 — Inventory Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): March 31, December 31, Raw materials $ 2,155 $ 5,204 Finished goods 65,311 70,231 $ 67,466 $ 75,435 During the first quarter of 2017, the Company adopted ASU 2015-11, “Simplifying the Measurement of Inventory (Topic 330)”. The amendments, which apply to inventory that is measured using any method other than the last-in, first-out (LIFO) or retail inventory method, require that entities measure inventory at the lower of cost or net realizable value. ASU 2015-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and should be applied on a prospective basis. The adoption of ASU 2015-11 did not have a material impact to the Company’s consolidated financial statements.

Revenue Recognition and Reserve

Revenue Recognition and Reserve for Sales Returns and Allowances	3 Months Ended
	Mar. 31, 2017
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 $10.6 million as of March 31, 2017, compared to $16.4 million as of December 31, 2016. This decrease is primarily due to certain customers taking their annual allowances related to 2016 sales as well as allowances related to 2017 during 2017.

Credit Facility

Credit Facility	3 Months Ended
	Mar. 31, 2017
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 March 31, 2017, outstanding borrowings and outstanding stand-by letters of credit exceeded the borrowing base availability under the credit line by $10.6 million which was funded by the Company resulting in restricted cash of $10.6 million. Such funds will become unrestricted when and as the excess borrowing capacity under the credit line becomes positive. As of December 31, 2016, the amount of outstanding borrowings was $10.0 million and outstanding stand-by letters of credit totaled $28.2 million; the total excess borrowing capacity was $12.1 million. 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. As of March 31, 2017 and December 31, 2016, the Company was in compliance with the financial covenants under the WF Loan Agreement. 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 a stand-by letter of credit fee of 225 basis points and an unused credit line fee, which ranges from 25 to 50 basis points. As of March 31, 2017 and December 31, 2016, the interest rate on the credit facility was approximately 3.06% and 3.01%, respectively. 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.

Convertible Senior Notes

Convertible Senior Notes	3 Months Ended
	Mar. 31, 2017
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 and still current 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). In 2016, the Company repurchased and retired an aggregate of approximately $6.1 million principal amount of the 2018 Notes. In addition, approximately $0.1 million of the unamortized debt issuance costs were written off and a nominal gain was recognized in conjunction with the retirement of the 2018 Notes. During January and February 2017, the Company exchanged and retired $39.1 million principal amount of the 2018 Notes at par for $24.1 million in cash and approximately 2.9 million shares of its common stock. In June 2014, the Company sold an aggregate of $115.0 million principal amount of 4.875% Convertible Senior Notes due 2020 (the “2020 Notes”). The 2020 Notes are senior unsecured obligations of the Company paying interest semi-annually in arrears on June 1 and December 1 of each year at a rate of 4.875% per annum and will mature on June 1, 2020. The initial and still current conversion rate for the 2020 Notes is 103.7613 shares of the Company’s common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $9.64 per share of common stock, subject to adjustment in certain events. Upon conversion, the 2020 Notes will be settled in shares of the Company’s common stock. Holders of the 2020 Notes may require that the Company repurchase for cash all or some of their notes upon the occurrence of a fundamental change (as defined in the 2020 Notes). In January 2016, the Company repurchased and retired an aggregate of $2.0 million principal amount of the 2020 Notes. In addition, approximately $0.1 million of the unamortized debt issuance costs were written off and a $0.1 million gain was recognized in conjunction with the retirement of the 2020 Notes. The fair value of the 2018 Notes as of March 31, 2017 and December 31, 2016 was approximately $55.5 million and $83.7 million, respectively, based upon the most recent quoted market price. The fair value of the 2020 Notes as of March 31, 2017 and December 31, 2016 was approximately $112.5 million and $89.3 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. Convertible senior notes consist of the following (in thousands): March 31, 2017 December 31, 2016 Principal Amount Debt Issuance Costs Net Principal Amount Debt Issuance Costs Net 4.25% convertible senior notes (due 2018) $ 54,727 $ 610 $ 54,117 $ 93,865 $ 1,098 $ 92,767 4.875% convertible senior notes (due 2020) 113,000 2,563 110,437 113,000 2,760 110,240 Total $ 167,727 $ 3,173 $ 164,554 $ 206,865 $ 3,858 $ 203,007 Amortization expense classified as interest expense related to debt issuance costs was $0.3 million and $0.4 million for the three months ended March 31, 2017 and 2016, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Taxes	Note 7 — Income Taxes The Company’s income tax benefit of $0.3 million for the three months ended March 31, 2017 reflects an effective tax rate of 1.8%. 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 majority of the tax benefit for the three months ended March 31, 2017 relates to foreign income taxes partially offset by the U.S. alternative minimum tax. The majority of the tax expense for the three months ended March 31, 2016 relates to foreign taxes. During the first quarter of 2017, the Company adopted ASU 2016-09, “Improvement to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payments, including . 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. Discrete tax expense of $51,000 was recognized in the income statement, but was fully offset by the valuation allowance. .

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2017
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, 2017 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 $ (18,316 ) 18,104 $ (1.01 ) $ (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, restricted stock awards, restricted stock units and convertible debt to the extent they are dilutive). The weighted average number of common shares outstanding excludes shares repurchased pursuant to a prepaid forward share repurchase agreement (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 22,969,239 and 25,081,819 for the three months ended March 31, 2017 and 2016, respectively.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	3 Months Ended
	Mar. 31, 2017
Common Stock and Preferred Stock	Note 9 — Common Stock and Preferred Stock In June 2014, the Company effectively repurchased 3,112,840 shares of its common stock 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 earnings per share purposes although they remain legally outstanding. The Company reflects the aggregate purchase price as a reduction to stockholders’ equity classified as Treasury Stock. No shares have been delivered to the Company by ML as of March 31, 2017. In June 2015, and as subsequently increased, the Board of Directors authorized the repurchase of an aggregate of $35.0 million of the Company’s outstanding common stock and/or convertible senior notes (collectively, “securities”). During 2015, the Company repurchased and retired 1,547,361 shares of its common stock at an aggregate value of $13.2 million. During 2016, the Company repurchased and retired 1,766,284 shares of its common stock at an aggregate value of $13.5 million, and also repurchased and retired $2.0 million principal amount of its 2020 Notes at a cost of $1.9 million and $6.1 million principal amount of its 2018 Notes at a cost of $6.1 million. As of December 31, 2016, the Company completed the repurchase authorization. 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, all of which were forfeited because certain company financial performance criteria and market conditions were not met. In addition, an aggregate of 62,710 shares of restricted stock at an aggregate value of approximately $0.5 million were issued to its five non-employee directors, which vested in January 2017. 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, all of which were forfeited because certain company financial performance criteria and market conditions were not met. In October 2016, the Company issued an aggregate of 2,463 shares of restricted stock at a nominal value to a non-employee director, which vested on January 1, 2017. In January and February 2017, the Company issued an aggregate of 873,787 shares of restricted stock at a value of approximately $4.5 million to two executive officers, which vest, subject to certain company financial performance criteria and market conditions, over a three year period. In addition, an aggregate of 94,102 shares of restricted stock at an aggregate value of approximately $0.5 million were issued to its five non-employee directors, which vest in January 2018. In January and February 2017, the Company issued an aggregate of 2,865,000 shares of its common stock at a value of $15.1 million to holders of its 2018 convertible senior notes as partial consideration for the exchange at par of $39.1 million principal amount of such notes. In March 2017, the Company entered into an agreement to issue 3,660,891 shares of its common stock at an aggregate price of $19.3 million to a Hong Kong affiliate of its China joint venture partner. After their shareholder and China regulatory approval, the transaction closed on April 27, 2017. 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.

Joint Ventures

Joint Ventures	3 Months Ended
	Mar. 31, 2017
Joint Ventures	Note 10 — Joint Ventures The Company owns a fifty percent interest in a joint venture (“Pacific Animation Partners”) with the U.S. entertainment subsidiary of a leading Japanese advertising and animation production company. The joint venture was created to develop and produce a boys’ animated television show, which it licensed worldwide for television broadcast as well as consumer products. The Company produced toys based upon the television program under a license from the joint venture which also licensed certain other merchandising rights to third parties. The Company is responsible for fifty percent of the operating expenses of the joint venture. The Company’s investment is being accounted for using the equity method. The joint venture completed and delivered 65 episodes of the show, which began airing in February 2012, and has since ceased production of the television show. For the three months ended March 31, 2017 and 2016, the Company did not recognize income from the joint venture. As of March 31, 2017 and December 31, 2016, the balance of the investment in the Pacific Animation Partners joint venture is nil. In September 2012, the Company entered into a joint venture (“DreamPlay Toys”) with NantWorks LLC (“NantWorks”) in which it owns a fifty percent interest. Pursuant to the operating agreement of DreamPlay Toys, the Company paid to NantWorks cash in the amount of $8.0 million and issued NantWorks a warrant to purchase 1.5 million shares of the Company’s common stock at a value of $7.0 million in exchange for the exclusive right to arrange for the provision of the NantWorks recognition technology platform for toy products. The Company has classified these rights as an intangible asset, which is being amortized over the anticipated revenue stream from the exploitation of these rights. The joint venture entered into a Toy Services Agreement, as amended, with a current expiration date of October 1, 2018, to develop and produce toys utilizing recognition technologies owned by NantWorks. Pursuant to the terms of the amended Toy Services Agreement, NantWorks is entitled to receive a renewal fee of $0.4 million per year and a preferred return based upon net sales of DreamPlay Toys product sales and third-party license fees. The Company retains the financial risk of the joint venture and is responsible for the day-to-day operations, including development, sales and distribution, 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. Sales of DreamPlay Toys products commenced in the third quarter of 2013. The owner of NantWorks beneficially owns more than 10% of the Company’s outstanding common stock, which includes 1.5 million shares underlying out-of-the-money stock warrants. In addition, in 2012, the Company invested $7.0 million in cash in exchange for a five percent economic interest in a related entity, DreamPlay LLC, which will exploit the recognition technologies in non-toy consumer product categories. NantWorks has the right to repurchase the Company’s interest for $7.0 million. The Company has classified this investment as a long term asset on its balance sheet. The Company’s investment is being accounted for using the cost method. As of March 31, 2017, the Company determined the value of this investment will be realized and that no impairment has occurred. In November 2014, the Company entered into a joint venture with Meisheng Cultural & Creative Corp., Ltd., for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China. The joint venture includes a subsidiary in the Shanghai Free Trade Zone that sells, distributes and markets these products, which include dolls, plush, role play products, action figures, costumes, seasonal items, technology and app-enhanced toys, based on top entertainment licenses and JAKKS’ own proprietary brands. The Company owns fifty-one percent of the joint venture and consolidates the joint venture since control rests with the Company. The non-controlling interest’s share of the income from the joint venture for the three months ended March 31, 2017 and 2016 was income of $31,000 and $32,000, respectively. In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited, a Hong Kong-based subsidiary of Meisheng (“HK Meisheng”), for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows. JAKKS and HK Meisheng each own fifty percent of the joint venture and will jointly own the content. JAKKS will retain merchandising rights for kids’ consumer products in all markets except China, which Meisheng will oversee through the Company’s existing distribution joint venture. Minimal expenses were incurred during the three months ended March 31, 2017 and the non-controlling interest’s share of the losses from the joint venture for the three months ended March 31, 2017 was immaterial. As of April 27, 2017, Hong Kong Meisheng Cultural Company Limited beneficially owns more than 10% of the Company’s outstanding common stock (see Note 16).

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2017
Goodwill	Note 11 — Goodwill The changes to the carrying amount of goodwill as of March 31, 2017 are summarized as follows (in thousands): Total Balance, December 31, 2016 $ 43,208 Adjustments to goodwill for foreign currency translation 60 Balance, March 31, 2017 $ 43,268 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 the first step indicates that a potential impairment 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, 2017 and 2016.

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill	3 Months Ended
	Mar. 31, 2017
Intangible Assets Other Than Goodwill	Note 12 — Intangible Assets Other Than Goodwill Intangible assets other than goodwill consist primarily of licenses, product lines, customer relationships and trademarks. Amortized intangible assets are included in intangibles in the accompanying balance sheets. Trademarks are disclosed separately in the accompanying balance sheets. Intangible assets as of March 31, 2017 and December 31, 2016 include the following (in thousands, except for weighted useful lives): March 31, 2017 December 31, 2016 Weighted Useful Lives Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount (Years) Amortized Intangible Assets: Licenses 5.81 $ 20,130 $ (17,535 ) $ 2,595 $ 20,130 $ (17,248 ) $ 2,882 Product lines 7.50 50,093 (22,236 ) 27,857 50,093 (20,634 ) 29,459 Customer relationships 4.90 3,152 (2,841 ) 311 3,152 (2,755 ) 397 Trade names 5.00 3,000 (2,800 ) 200 3,000 (2,650 ) 350 Non-compete agreements 5.00 200 (187 ) 13 200 (177 ) 23 Total amortized intangible assets $ 76,575 $ (45,599 ) $ 30,976 $ 76,575 $ (43,464 ) $ 33,111 Unamortized Intangible Assets: Trademarks $ 2,608 $ — $ 2,608 $ 2,608 $ — $ 2,608

Comprehensive Loss

Comprehensive Loss	3 Months Ended
	Mar. 31, 2017
Comprehensive Loss	Note 13 — Comprehensive Loss The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Net Loss $ (18,285 ) $ (17,383 ) Other comprehensive income (loss): Foreign currency translation adjustment 531 (724 ) Comprehensive loss (17,754 ) (18,107 ) Less: Comprehensive income attributable to non-controlling interests 31 32 Comprehensive loss attributable to JAKKS Pacific, Inc. $ (17,785 ) $ (18,139 )

Litigation

Litigation	3 Months Ended
	Mar. 31, 2017
Litigation	Note 14 — Litigation The Company is a party to, and certain of its property is the subject of, various pending claims and legal proceedings that routinely arise in the ordinary course of its business, but the Company does not believe that any of these claims or proceedings will have a material effect on its business, financial condition or results of operations.

Share-Based Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2017
Share-Based Payments	Note 15 — 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, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Restricted stock compensation expense $ 748 $ 623 Tax benefit related to restricted stock compensation — — No stock options were outstanding as of December 31, 2016 and there has been no stock option activity pursuant to the Plan . Restricted stock award activity pursuant to the Plan for the three months ended March 31, 2017 is summarized as follows: Restricted Stock Awards Number of Shares Weight Average Grant Fair Value Outstanding, December 31, 2016 196,453 $ 7.01 Awarded 967,889 5.15 Released (67,544 ) 8.34 Forfeited — — Outstanding, March 31, 2017 1,096,798 5.29 As of March 31, 2017, there was $4.2 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 5.05 years. The Company granted Restricted Stock Units (“RSUs”) to certain non-executive personnel during the first quarter of 2017. RSUs are not treated in the same manner as Restricted Stock Awards (“RSAs”) as the Company does not issue the shares until the vest timing. Vesting of RSUs is predicated upon meeting certain criteria related to service, performance and/or market based conditions. Restricted stock unit activity pursuant to the Plan for the three months ended March 31, 2017 is summarized as follows: Restricted Stock Units Number of Shares Weight Average Grant Fair Value Outstanding, December 31, 2016 — $ — Awarded (January 1, 2017) 1,001,206 5.15 Released — — Forfeited — — Outstanding, March 31, 2017 1,001,206 5.15 As of March 31, 2017, there was $4.2 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 6.59 years.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events	Note 16 — Subsequent Events In March 2017, the Company entered into an agreement to issue 3,660,891 shares of its common stock to Hong Kong Meisheng Cultural Company Limited, a Hong Kong affiliate of the Company’s China joint venture partner (collectively, “Meisheng”), at an aggregate price of $19.3 million. The use of proceeds will be for general corporate purposes. Pursuant to the stock purchase agreement, Meisheng was granted certain piggyback and demand registration rights. After Meisheng’s shareholder and China regulatory approvals, the transaction closed on April 27, 2017.

Business Segments, Geographic22

Business Segments, Geographic Data, and Sales by Major Customers (Tables)	3 Months Ended
	Mar. 31, 2017
Information by Segment and Reconciliation to Reported Amounts	Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2017 and 2016 and as of March 31, 2017 and December 31, 2016 are as follows (in thousands): Three Months Ended 2017 2016 Net Sales U.S. and Canada $ 70,912 $ 72,202 International 19,942 20,168 Halloween 3,651 3,439 $ 94,505 $ 95,809 Three Months Ended 2017 2016 Loss from Operations U.S. and Canada $ (7,876 ) $ (8,553 ) International (1,772 ) (2,161 ) Halloween (6,076 ) (3,102 ) $ (15,724 ) $ (13,816 ) Three Months Ended 2017 2016 Depreciation and Amortization Expense U.S. and Canada $ 3,374 $ 3,070 International 898 852 Halloween 108 114 $ 4,380 $ 4,036 March 31, December 31, Assets U.S. and Canada $ 246,206 $ 306,895 International 99,464 119,560 Halloween 30,671 37,848 $ 376,341 $ 464,303
Information by Geographic Area	The following tables present information about the Company by geographic area as of March 31, 2017 and December 31, 2016 and for the three months ended March 31, 2017 and 2016 (in thousands): March 31, December 31, Long-lived Assets China $ 15,764 $ 15,710 United States 6,347 6,587 Hong Kong 506 544 $ 22,617 $ 22,841 Three Months Ended 2017 2016 Net Sales by Customer Area United States $ 69,560 $ 70,968 Europe 12,560 12,755 Canada 4,444 4,650 Hong Kong 219 339 Other 7,722 7,097 $ 94,505 $ 95,809
Net Sales to Major Customers	Net sales to major customers for the three months ended March 31, 2017 and 2016 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2017 2016 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 23,252 24.6 % $ 27,747 28.9 % Target 12,659 13.4 8,334 8.7 Toys 'R' Us 7,711 8.2 8,122 8.5 $ 43,622 46.2 % $ 44,203 46.1 %

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2017
Net of Inventory Obsolescence Reserve	Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): March 31, December 31, Raw materials $ 2,155 $ 5,204 Finished goods 65,311 70,231 $ 67,466 $ 75,435

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	Mar. 31, 2017
Convertible Senior Notes	Convertible senior notes consist of the following (in thousands): March 31, 2017 December 31, 2016 Principal Amount Debt Issuance Costs Net Principal Amount Debt Issuance Costs Net 4.25% convertible senior notes (due 2018) $ 54,727 $ 610 $ 54,117 $ 93,865 $ 1,098 $ 92,767 4.875% convertible senior notes (due 2020) 113,000 2,563 110,437 113,000 2,760 110,240 Total $ 167,727 $ 3,173 $ 164,554 $ 206,865 $ 3,858 $ 203,007

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 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 $ (18,316 ) 18,104 $ (1.01 ) $ (17,415 ) 17,218 $ (1.01 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2017
Changes to Carrying Amount of Goodwill	The changes to the carrying amount of goodwill as of March 31, 2017 are summarized as follows (in thousands): Total Balance, December 31, 2016 $ 43,208 Adjustments to goodwill for foreign currency translation 60 Balance, March 31, 2017 $ 43,268

Intangible Assets Other Than 27

Intangible Assets Other Than Goodwill (Tables)	3 Months Ended
	Mar. 31, 2017
Intangible Assets	Intangible assets as of March 31, 2017 and December 31, 2016 include the following (in thousands, except for weighted useful lives): March 31, 2017 December 31, 2016 Weighted Useful Lives Gross Carrying Amount Accumulated Amortization Net Amount Gross Carrying Amount Accumulated Amortization Net Amount (Years) Amortized Intangible Assets: Licenses 5.81 $ 20,130 $ (17,535 ) $ 2,595 $ 20,130 $ (17,248 ) $ 2,882 Product lines 7.50 50,093 (22,236 ) 27,857 50,093 (20,634 ) 29,459 Customer relationships 4.90 3,152 (2,841 ) 311 3,152 (2,755 ) 397 Trade names 5.00 3,000 (2,800 ) 200 3,000 (2,650 ) 350 Non-compete agreements 5.00 200 (187 ) 13 200 (177 ) 23 Total amortized intangible assets $ 76,575 $ (45,599 ) $ 30,976 $ 76,575 $ (43,464 ) $ 33,111 Unamortized Intangible Assets: Trademarks $ 2,608 $ — $ 2,608 $ 2,608 $ — $ 2,608

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2017
Components of Comprehensive Income	The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Net Loss $ (18,285 ) $ (17,383 ) Other comprehensive income (loss): Foreign currency translation adjustment 531 (724 ) Comprehensive loss (17,754 ) (18,107 ) Less: Comprehensive income attributable to non-controlling interests 31 32 Comprehensive loss attributable to JAKKS Pacific, Inc. $ (17,785 ) $ (18,139 )

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2017
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, 2017 and 2016 (in thousands): Three Months Ended 2017 2016 Restricted stock compensation expense $ 748 $ 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, 2017 is summarized as follows: Restricted Stock Awards Number of Shares Weight Average Grant Fair Value Outstanding, December 31, 2016 196,453 $ 7.01 Awarded 967,889 5.15 Released (67,544 ) 8.34 Forfeited — — Outstanding, March 31, 2017 1,096,798 5.29
Restricted Stock Unit Activity	Restricted stock unit activity pursuant to the Plan for the three months ended March 31, 2017 is summarized as follows: Restricted Stock Units Number of Shares Weight Average Grant Fair Value Outstanding, December 31, 2016 — $ — Awarded (January 1, 2017) 1,001,206 5.15 Released — — Forfeited — — Outstanding, March 31, 2017 1,001,206 5.15

Business Segments, Geographic30

Business Segments, Geographic Data, and Sales by Major Customers - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2017SegmentCustomer	Dec. 31, 2016SegmentCustomer
Segment Reporting Information [Line Items]
Number of reporting segments | Segment	3	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	46.30%	35.80%

Information by Segment and Reco

Information by Segment and Reconciliation to Reported Amounts (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net Sales	$ 94,505	$ 95,809
Loss from Operations	(15,724)	(13,816)
Depreciation and Amortization Expense	4,380	4,036
Assets	376,341		$ 464,303
U.S. and Canada
Segment Reporting Information [Line Items]
Net Sales	70,912	72,202
Loss from Operations	(7,876)	(8,553)
Depreciation and Amortization Expense	3,374	3,070
Assets	246,206		306,895
International
Segment Reporting Information [Line Items]
Net Sales	19,942	20,168
Loss from Operations	(1,772)	(2,161)
Depreciation and Amortization Expense	898	852
Assets	99,464		119,560
Halloween
Segment Reporting Information [Line Items]
Net Sales	3,651	3,439
Loss from Operations	(6,076)	(3,102)
Depreciation and Amortization Expense	108	$ 114
Assets	$ 30,671		$ 37,848

Information by Geographic Area

Information by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 22,617		$ 22,841
Net Sales	94,505	$ 95,809
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	15,764		15,710
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	6,347		6,587
Net Sales	69,560	70,968
Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	506		$ 544
Net Sales	219	339
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	12,560	12,755
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	4,444	4,650
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 7,722	$ 7,097

Net Sales to Major Customers (D

Net Sales to Major Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenue, Major Customer [Line Items]
Net Sales	$ 94,505	$ 95,809
Wal-Mart
Revenue, Major Customer [Line Items]
Net Sales	23,252	27,747
Target
Revenue, Major Customer [Line Items]
Net Sales	12,659	8,334
Toys 'R' Us
Revenue, Major Customer [Line Items]
Net Sales	7,711	8,122
Major Customer
Revenue, Major Customer [Line Items]
Net Sales	$ 43,622	$ 44,203
Net Sales | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	46.20%	46.10%
Net Sales | Wal-Mart | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	24.60%	28.90%
Net Sales | Target | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	13.40%	8.70%
Net Sales | Toys 'R' Us | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	8.20%	8.50%

Inventory Valued at Lower of Co

Inventory Valued at Lower of Cost (First-in, First-out) or Net Realizable Value, Net of Inventory Obsolescence Reserve (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Inventory [Line Items]
Raw materials	$ 2,155	$ 5,204
Finished goods	65,311	70,231
Inventory, net	$ 67,466	$ 75,435

Revenue Recognition and Reser35

Revenue Recognition and Reserve for Sales Returns and Allowances - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Reserve for sales returns and allowances	$ 10,551	$ 16,424
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%

Credit Facility - Additional In

Credit Facility - Additional Information (Detail) - USD ($)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2017	Dec. 31, 2016
Line of Credit Facility [Line Items]
Restricted funds on deposit		$ 10,576,000
GECC
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000		$ 12,100,000
Line of credit facility, maturity date		Mar. 27, 2019
Amount of credit facility outstanding			10,000,000
Stand by letters of credit outstanding amount			$ 28,200,000
Outstanding borrowings and outstanding stand-by letters of credit exceeded the borrowing base availability		$ 10,600,000
Restricted funds on deposit		$ 10,600,000
Rate of credit facility		3.06%	3.01%
Stand-by letter of credit fee percentage	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 unused credit line fee		0.25%
GECC | Maximum
Line of Credit Facility [Line Items]
Percentage of unused credit line fee		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			2 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Jun. 30, 2014	Jul. 31, 2013	Feb. 28, 2017	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Debt Instrument [Line Items]
Long term debt, face amount					$ 167,727		$ 206,865
Payment for repurchase of convertible notes					24,052	$ 1,940
Gain recognized on retirement of debt						60
Amortization of debt issuance costs recognized as interest expense					300	$ 400
4.875% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Long term debt, face amount		$ 115,000			$ 113,000		$ 113,000
Debt instrument, interest rate		4.875%			4.875%		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
Debt instrument repurchase amount	$ 2,000
Write-off of debt issuance costs	100
Gain recognized on retirement of debt	$ 100
Convertible senior note payable, fair value					$ 112,500		$ 89,300
Debt instrument, maturity year					2,020		2,020
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Long term debt, face amount			$ 100,000		$ 54,727		$ 93,865
Debt instrument, interest rate			4.25%		4.25%		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
Debt instrument repurchase amount			$ 39,100		$ 6,100
Write-off of debt issuance costs					100
Payment for repurchase of convertible notes			$ 24,100
Convertible senior note payable, fair value					$ 55,500		$ 83,700
Debt instrument, maturity year					2,018		2,018
4.25% Convertible Senior Notes (due 2018) | Common Stock
Debt Instrument [Line Items]
Debt instrument repurchase amount				$ 39,100
Debt instrument shares common stock issued upon conversion			2,865,000	2,865,000

Convertible Senior Notes (Detai

Convertible Senior Notes (Detail) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2014	Jul. 31, 2013
Debt Instrument [Line Items]
Convertible senior notes, principal amount	$ 167,727	$ 206,865
Convertible senior notes, debt issuance costs	3,173	3,858
Convertible senior notes, net of debt issuance costs	164,554	203,007
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Convertible senior notes, principal amount	54,727	93,865		$ 100,000
Convertible senior notes, debt issuance costs	610	1,098
Convertible senior notes, net of debt issuance costs	54,117	92,767
4.875% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Convertible senior notes, principal amount	113,000	113,000	$ 115,000
Convertible senior notes, debt issuance costs	2,563	2,760
Convertible senior notes, net of debt issuance costs	$ 110,437	$ 110,240

Convertible Senior Notes (Paren

Convertible Senior Notes (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2014	Jul. 31, 2013
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Debt instrument, maturity year	2,018	2,018
Debt instrument, interest rate	4.25%	4.25%		4.25%
4.875% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Debt instrument, maturity year	2,020	2,020
Debt instrument, interest rate	4.875%	4.875%	4.875%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Taxes [Line Items]
Provision for (benefit from) income taxes	$ (344,000)	$ 432,000
Effective income tax rate	1.80%	2.50%
Discrete tax benefit (expenses)	$ (51,000)
Unrecognized tax benefits related to share-based payment awards	$ 0

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, 2017	Mar. 31, 2016
Earnings Per Share Disclosure [Line Items]
Net loss available to common stockholders	$ (18,316)	$ (17,415)
Shares used in loss per share	18,104	17,218
Loss per share	$ (1.01)	$ (1.01)

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
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	22,969,239	25,081,819

Common Stock and Preferred St43

Common Stock and Preferred Stock - Additional Information (Detail)

Apr. 27, 2017USD ($)shares

Oct. 31, 2016shares

Mar. 31, 2016USD ($)shares

Jan. 31, 2016USD ($)ExecutiveOfficersDirectorshares

Jun. 30, 2014USD ($)shares

Jul. 31, 2013USD ($)shares

Feb. 28, 2017USD ($)shares

Jan. 31, 2017USD ($)ExecutiveOfficersDirectorshares

Mar. 31, 2017USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2016USD ($)shares

Dec. 31, 2015USD ($)shares

Jun. 30, 2015USD ($)

Class of Stock [Line Items]

Repurchase of common stock, shares | shares

3,112,840

Repurchase of common stock, value

$ 24,000,000

Repurchase of convertible senior notes

$ 24,052,000

$ 1,940,000

4.875% Convertible Senior Notes (due 2020)

Class of Stock [Line Items]

Amount of convertible notes repurchased and retired

$ 2,000,000

4.25% Convertible Senior Notes (due 2018)

Class of Stock [Line Items]

Amount of convertible notes repurchased and retired

$ 39,100,000

$ 6,100,000

Repurchase of convertible senior notes

$ 24,100,000

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

Class of Stock [Line Items]

Amount of convertible notes repurchased and retired

$ 39,100,000

Common stock shares issued upon conversion of debt instrument | shares

2,865,000

2,865,000

Common stock shares issued upon conversion of debt instrument, value

$ 15,100,000

Securities

Class of Stock [Line Items]

Retirement of common stock (share) | shares

1,766,284

1,547,361

Retirement of common stock

$ 13,500,000

$ 13,200,000

Securities | 4.875% Convertible Senior Notes (due 2020)

Class of Stock [Line Items]

Amount of convertible notes repurchased and retired

2,000,000

Repurchase of convertible senior notes

1,900,000

Securities | 4.25% Convertible Senior Notes (due 2018)

Class of Stock [Line Items]

Amount of convertible notes repurchased and retired

6,100,000

Repurchase of convertible senior notes

$ 6,100,000

Subsequent Event | Common Stock | Hong Kong Meisheng Cultural Co

Class of Stock [Line Items]

Common stock issued, shares | shares

3,660,891

Common stock issued, value

$ 19,300,000

Maximum | Restricted Stock

Class of Stock [Line Items]

Vesting period

5 years

Maximum | Securities

Class of Stock [Line Items]

Stock repurchase, authorized amount

$ 35,000,000

Executive officer

Class of Stock [Line Items]

Restricted stock issued, shares | shares

134,058

449,120

873,787

Restricted stock issued, value

$ 900,000

$ 3,600,000

$ 4,500,000

Number of executive officers | ExecutiveOfficers

2

2

Executive officer | Restricted Stock

Class of Stock [Line Items]

Vesting period

3 years

Non-employee directors

Class of Stock [Line Items]

Restricted stock issued, shares | shares

2,463

62,710

94,102

Restricted stock issued, value

$ 500,000

$ 500,000

Number of non-employee directors | Director

5

5

Non-employee directors | Restricted Stock

Class of Stock [Line Items]

Shares of restricted stock, vesting date

2017-01

2017-01

2018-01

Joint Ventures - Additional Inf

Joint Ventures - Additional Information (Detail) shares in Millions	1 Months Ended	3 Months Ended		12 Months Ended
	Sep. 30, 2012USD ($)shares	Mar. 31, 2017USD ($)Projectshares	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Apr. 27, 2017	Oct. 31, 2016	Dec. 31, 2012USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in net income/(loss) of joint venture		$ 0	$ 0
Investment in DreamPlay LLC		7,000,000		$ 7,000,000
Non-controlling interest's share of losses		$ 31,000	32,000
Pacific Animation Partners Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture		50.00%
Investment in joint venture, percentage share of operating expenses		50.00%
Number of episodes for which production completed | Project		65
Episode show airing beginning date		2012-02
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	$ 400,000
Issue of warrants (in shares) | shares	1.5
Issue of warrants	$ 7,000,000
Joint venture toy service agreement expiration date	Oct. 1, 2018
Investment in DreamPlay LLC							$ 7,000,000
Percentage of ownership interest in joint venture							5.00%
Impairment charges				$ 0
NantWorks
Schedule of Equity Method Investments [Line Items]
Issue of warrants (in shares) | shares		1.5
NantWorks | Minimum
Schedule of Equity Method Investments [Line Items]
Ownership percentage		10.00%
China Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture		51.00%
Non-controlling interest's share of losses		$ 31,000	$ 32,000
Hong Kong Meisheng Cultural Co
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture						50.00%
Hong Kong Meisheng Cultural Co | Minimum | Subsequent Event
Schedule of Equity Method Investments [Line Items]
Ownership percentage					10.00%

Changes to Carrying Amount of G

Changes to Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Goodwill [Line Items]
Balance at beginning of the period	$ 43,208
Adjustments to goodwill for foreign currency translation	60
Goodwill Ending Balance	$ 43,268

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Goodwill [Line Items]
Goodwill impairment	$ 0	$ 0

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Acquired Intangible Assets by Major Class [Line Items]
Trademarks, net	$ 2,608	$ 2,608
Amortized Intangible Assets, Gross Carrying Amount	76,575	76,575
Amortized Intangible Assets, Accumulated Amortization	(45,599)	(43,464)
Amortized Intangible Assets, Net Amount	$ 30,976	33,111
Licenses
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	5 years 9 months 22 days
Amortized Intangible Assets, Gross Carrying Amount	$ 20,130	20,130
Amortized Intangible Assets, Accumulated Amortization	(17,535)	(17,248)
Amortized Intangible Assets, Net Amount	$ 2,595	2,882
Product Lines
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	7 years 6 months
Amortized Intangible Assets, Gross Carrying Amount	$ 50,093	50,093
Amortized Intangible Assets, Accumulated Amortization	(22,236)	(20,634)
Amortized Intangible Assets, Net Amount	$ 27,857	29,459
Customer relationships
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	4 years 10 months 24 days
Amortized Intangible Assets, Gross Carrying Amount	$ 3,152	3,152
Amortized Intangible Assets, Accumulated Amortization	(2,841)	(2,755)
Amortized Intangible Assets, Net Amount	$ 311	397
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	(2,800)	(2,650)
Amortized Intangible Assets, Net Amount	$ 200	350
Non-compete agreements
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	5 years
Amortized Intangible Assets, Gross Carrying Amount	$ 200	200
Amortized Intangible Assets, Accumulated Amortization	(187)	(177)
Amortized Intangible Assets, Net Amount	$ 13	$ 23

Components of Comprehensive Los

Components of Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Condensed Statement of Income Captions [Line Items]
Net loss	$ (18,285)	$ (17,383)
Other comprehensive income (loss):
Foreign currency translation adjustment	531	(724)
Comprehensive loss	(17,754)	(18,107)
Less: Comprehensive income attributable to non-controlling interests	31	32
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (17,785)	$ (18,139)

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding	0	0
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation, non-vested restricted stock awards	$ 4.2
Unrecognized compensation, non-vested restricted stock awards expected recognized period	5 years 18 days
Restricted Stock | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Restricted Stock | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation, non-vested restricted stock awards	$ 4.2
Unrecognized compensation, non-vested restricted stock awards expected recognized period	6 years 7 months 2 days

Total Share-Based Compensation

Total Share-Based Compensation Expense and Related Tax Benefits Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock compensation expense	$ 748	$ 623
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) - Restricted Stock	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Number of Shares
Outstanding at beginning of period | shares	196,453
Awarded | shares	967,889
Released | shares	(67,544)
Forfeited | shares	0
Outstanding at end of period | shares	1,096,798
Weighted Average Grant Fair Value
Outstanding at beginning of period | $ / shares	$ 7.01
Awarded | $ / shares	5.15
Released | $ / shares	8.34
Forfeited | $ / shares	0
Outstanding at end of period | $ / shares	$ 5.29

Summary of Restricted Stock Uni

Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs)	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Number of Shares
Awarded | shares	1,001,206
Released | shares	0
Forfeited | shares	0
Outstanding at end of period | shares	1,001,206
Weighted Average Fair Value
Awarded | $ / shares	$ 5.15
Released | $ / shares	0
Forfeited | $ / shares	0
Outstanding at end of period | $ / shares	$ 5.15

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event - Common Stock - Hong Kong Meisheng Cultural Co $ in Millions	Apr. 27, 2017USD ($)shares
Subsequent Event [Line Items]
Common stock issued, shares | shares	3,660,891
Common stock issued, value | $	$ 19.3