JAKKS Pacific (JAKK) 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 10, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
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		29,169,913

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets
Cash and cash equivalents	$ 46,779	$ 64,977
Accounts receivable, net of allowance for doubtful accounts of $24,730 and $10,940 at March 31, 2018 and December 31, 2017, respectively	93,928	142,457
Inventory	53,997	58,432
Prepaid expenses and other assets	20,812	16,803
Total current assets	215,516	282,669
Property and equipment
Office furniture and equipment	15,171	15,043
Molds and tooling	116,920	115,378
Leasehold improvements	10,945	10,936
Total	143,036	141,357
Less accumulated depreciation and amortization	120,080	118,130
Property and equipment, net	22,956	23,227
Intangible assets, net	21,023	22,190
Other long term assets	18,504	6,579
Goodwill	35,592	35,384
Trademarks	300	300
Total assets	313,891	370,349
Current liabilities
Accounts payable	39,072	49,916
Accrued expenses	37,145	42,145
Reserve for sales returns and allowances	15,343	17,622
Short term debt		5,000
Convertible senior notes, net	21,119	21,075
Total current liabilities	112,679	135,758
Convertible senior notes, net	134,716	133,497
Other liabilities	4,426	4,537
Income taxes payable	1,327	1,261
Deferred income taxes, net	781	783
Total liabilities	253,929	275,836
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; 29,169,913 and 26,957,354 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	30	27
Treasury stock, at cost; 3,112,840 shares	(24,000)	(24,000)
Additional paid-in capital	216,398	215,809
Accumulated deficit	(121,477)	(85,233)
Accumulated other comprehensive loss	(12,009)	(13,059)
Total JAKKS Pacific, Inc. stockholders' equity	58,942	93,544
Non-controlling interests	1,020	969
Total stockholders' equity	59,962	94,513
Total liabilities and stockholders' equity	$ 313,891	$ 370,349

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Accounts receivable, allowance for doubtful accounts	$ 24,730	$ 10,940
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	29,169,913	26,957,354
Common stock, shares outstanding	29,169,913	26,957,354
Treasury stock, shares	3,112,840	3,112,840

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net Sales	$ 93,004	$ 94,505
Cost of sales	70,045	64,484
Gross profit	22,959	30,021
Selling, general and administrative expenses	58,617	45,745
Loss from operations	(35,658)	(15,724)
Income from joint ventures	22
Other income	50	23
Change in fair value of convertible senior notes	(1,021)
Interest income	14	4
Interest expense	(1,936)	(2,932)
Loss before benefit from income taxes	(38,529)	(18,629)
Benefit from income taxes	(2,336)	(344)
Net loss	(36,193)	(18,285)
Net income attributable to non-controlling interests	51	31
Net loss attributable to JAKKS Pacific, Inc.	$ (36,244)	$ (18,316)
Loss per share - basic and diluted	$ (1.57)	$ (1.01)
Shares used in loss per share - basic and diluted	23,100	18,104
Comprehensive loss	$ (35,143)	$ (17,754)
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (35,194)	$ (17,785)

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net loss	$ (36,193)	$ (18,285)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	3,096	4,380
Write-off and amortization of debt issuance costs	242	837
Share-based compensation expense	676	748
Provision for doubtful accounts	13,794	(2)
Change in fair value of convertible senior notes	1,021
Changes in operating assets and liabilities:
Accounts receivable	34,735	75,108
Inventory	4,435	7,969
Prepaid expenses and other assets	(15,936)	(15,597)
Accounts payable	(9,934)	(19,258)
Accrued expenses	(5,000)	(20,001)
Reserve for sales returns and allowances	(2,279)	(5,873)
Income taxes payable	66
Other liabilities	(111)	(95)
Total adjustments	24,805	28,216
Net cash provided by (used in) operating activities	(11,388)	9,931
Cash flows from investing activities
Purchases of property and equipment	(2,568)	(4,367)
Net cash used in investing activities	(2,568)	(4,367)
Cash flows from financing activities
Repurchase of convertible senior notes		(24,052)
Repayment of credit facility borrowings	(5,000)
Repurchase of common stock for employee tax withholding	(85)	(12)
Net cash used in financing activities	(5,085)	(24,064)
Net decrease in cash and cash equivalents	(19,041)	(18,500)
Effect of foreign currency translation	843	468
Cash and cash equivalents, beginning of period	64,977	86,064
Cash and cash equivalents, end of period	46,779	68,032
Cash paid during the period for:
Income taxes	331	221
Interest	$ 485	$ 2,039

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Accounts Payable
Purchase of property and equipment incurred	$ 4.3	$ 5.2

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2018
Basis of Presentation	Note 1 — Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. However, the Company believes that the disclosures are adequate to prevent the information presented from being misleading. These financial statements should be read in conjunction with Management’s Discussion and Analysis of Financial Condition and Results of Operations and the financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K, which contains audited financial information for the three years in the period ended December 31, 2017. The information provided in this report reflects all adjustments (consisting solely of normal recurring items) that are, in the opinion of management, necessary to present fairly the financial position and the results of operations for the periods presented. Interim results are not necessarily, especially given seasonality, indicative of results to be expected for a full year. The condensed consolidated financial statements include the accounts of JAKKS Pacific, Inc. and its wholly-owned subsidiaries (collectively, “the Company”). The condensed consolidated financial statements also include the accounts of DreamPlay Toys, LLC, a joint venture with NantWorks LLC, JAKKS Meisheng Trading (Shanghai) Limited, a joint venture with Meisheng Cultural & Creative Corp., Ltd., and JAKKS Meisheng Animation (HK) Limited, a joint venture with Hong Kong Meisheng Cultural Company Limited. Certain prior period amounts have been reclassified for consistency with the current period presentation. In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which supersedes the revenue recognition requirements in ASC 605, (Topic 605), and most industry-specific guidance. Under the new model, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new standard requires that reporting companies disclose the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers – Deferral of the Effective Date”, which defers the effective date of ASU 2014-09 to annual reporting periods beginning after December 15, 2017, and interim periods therein. In 2016, the FASB issued ASU 2016-08, “Principal versus Agent Considerations (Reporting Revenue Gross versus Net)”, ASU 2016-10, “Identifying Performance Obligations and Licensing”, and ASU 2016-12, “Revenue from Contracts with Customers - Narrow-Scope Improvements and Practical Expedients”. Entities have the choice to adopt these updates using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a modified retrospective approach with the cumulative effect of these standards recognized at the date of the adoption. On January 1, 2018, the Company adopted the new accounting standard ASC 606, (Topic 606), Revenue from Contracts with Customers and all the related amendments (“new revenue standard”) using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company’s historic accounting under ASC 605, (Topic 605). There is no impact to the Company’s condensed consolidated financial statements resulting from the adoption of Topic 606 as the timing and measurement of revenue remained consistent with Topic 605, although our approach to revenue recognition is now based on the transfer of control. Further, there is no difference in the amounts of the revenue and cost of sales reported in the Company’s condensed consolidated statements of operations and comprehensive loss for the quarter ended March 31, 2018 that were recognized pursuant to Topic 606 and those that would have been reported pursuant to Topic 605. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities” (“ASU 2016-01”). The new guidance is intended to improve the recognition and measurement of financial instruments. The ASU is effective for fiscal years and interim periods within those years beginning after December 15, 2017. The adoption of this standard does not have an impact on the Company’s condensed consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. ASU 2016-02 establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements, with certain practical expedients available. The Company is currently evaluating the impact of the pending adoption of this new standard on its condensed consolidated financial statements. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments.” The new guidance is intended to reduce diversity in practice in how transactions are classified in the statement of cash flows. This ASU is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2017. The adoption of this standard does not have an impact on the Company’s condensed consolidated financial statements. In October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other than Inventory.” The amendments in this ASU 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. The adoption of this standard does not have an impact on the Company’s condensed consolidated financial statements. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash”. The update requires that amounts generally described as restricted cash or restricted cash equivalents be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The new standard will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years, and early adoption is permitted. The Company early adopted this standard during the second quarter of 2017. The adoption of this standard had a reclassification impact for the three month period ended March 31, 2017. The restricted cash as of March 31, 2017, in the amount of $10.6 million, was previously classified as a financing activity related to borrowings exceeding the Company’s borrowing base availability under the Wells Fargo credit facility. The increase to cash and cash equivalents was $10.6 million. In May 2017, the FASB issued ASU 2017-09, “Compensation - Stock Compensation (Topic 718): Scope of Modification Accounting”, which clarifies when to account for a change to the terms or conditions of a share-based payment award as a modification. Under the new guidance, modification accounting is required only if the fair value, vesting conditions, or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. ASU 2017-09 is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The adoption of this standard does not have an impact on the Company’s condensed consolidated financial statements. In January 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which gives entities the option to reclassify to retained earnings the tax effects resulting from the Act related to items in Accumulated Other Comprehensive Income (“AOCI”) that the FASB refers to as having been stranded in AOCI. The new guidance may be applied retrospectively to each period in which the effect of the Act is recognized in the period of adoption. The Company could adopt this guidance for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early adoption is permitted for periods for which financial statements have not yet been issued or made available for issuance, including the period the Act was enacted. The guidance, when adopted, will require new disclosures regarding a company’s accounting policy for releasing the tax effects in AOCI and permit the company the option to reclassify to retained earnings the tax effects resulting from the Act that are stranded in AOCI. The Company is not early adopting at this time and does not have plans to adopt this new guidance.

Business Segments, Geographic D

Business Segments, Geographic Data, and Sales by Major Customers	3 Months Ended
	Mar. 31, 2018
Business Segments, Geographic Data, and Sales by Major Customers	Note 2 — Business Segments, Geographic Data, and Sales by Major Customers The Company is a worldwide producer and marketer of children’s toys and other consumer products, principally engaged in the design, development, production, marketing and distribution of its diverse portfolio of products. The Company has aligned its operating segments into three reporting segments that reflect the management and operation of the business. The Company’s segments are (i) U.S. and Canada, (ii) International, and (iii) Halloween. The U.S. and Canada segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, role play and everyday costume play, foot to floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and related products. Within the International segment, the Company markets and sells its toy products in markets outside of the U.S. and Canada, primarily in the European, Asia Pacific, and Latin American regions. Within the Halloween segment, the Company markets and sells Halloween costumes and accessories and everyday costume play products, primarily in the U.S. and Canada. Segment performance is measured at the operating income (loss) level. All sales are made to external customers and general corporate expenses have been attributed to the various segments based upon relative sales volumes. Segment assets are primarily comprised of accounts receivable and inventories, net of applicable reserves and allowances, goodwill and other assets. Certain assets which are not tracked by operating segment and/or that benefit multiple operating segments have been allocated on the same basis. Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2018 and 2017 and as of March 31, 2018 and December 31, 2017 are as follows (in thousands): Three Months Ended 2018 2017 Net Sales U.S. and Canada $ 70,535 $ 70,912 International 17,299 19,942 Halloween 5,170 3,651 $ 93,004 $ 94,505 Three Months Ended 2018 2017 Loss from Operations U.S. and Canada $ (22,979 ) $ (7,876 ) International (6,939 ) (1,772 ) Halloween (5,740 ) (6,076 ) $ (35,658 ) $ (15,724 ) Three Months Ended 2018 2017 Depreciation and Amortization Expense U.S. and Canada $ 2,416 $ 3,374 International 581 898 Halloween 99 108 $ 3,096 $ 4,380 March 31, December 31, Assets U.S. and Canada $ 199,711 $ 229,505 International 91,764 106,255 Halloween 22,416 34,589 $ 313,891 $ 370,349 The following tables present information about the Company by geographic area as of March 31, 2018 and December 31, 2017 and for the three months ended March 31, 2018 and 2017 (in thousands): March 31, December 31, Long-lived Assets China $ 17,229 $ 17,194 United States 5,504 5,755 Hong Kong 223 278 $ 22,956 $ 23,227 Three Months Ended 2018 2017 Net Sales by Customer Area United States $ 71,373 $ 69,560 Europe 8,629 12,560 Canada 3,761 4,444 Hong Kong 227 219 Other 9,014 7,722 $ 93,004 $ 94,505 Major Customers Net sales to major customers for the three months ended March 31, 2018 and 2017 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2018 2017 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 24,758 26.6 % $ 26,370 27.9 % Target 15,312 16.5 12,671 13.4 Toys "R" Us 10,625 11.4 13,260 14.0 $ 50,695 54.5 % $ 52,301 55.3 % At March 31, 2018 and December 31, 2017, the Company’s three largest customers accounted for approximately 58.4% and 60.6%, respectively, of the Company’s gross accounts receivable. The concentration of the Company’s business with a relatively small number of customers may expose the Company to material adverse effects if one or more of its large customers were to experience financial difficulty. The Company performs ongoing credit evaluations of its top customers and maintains an allowance for potential credit losses. On March 15, 2018, Toys “R” Us (“TRU”) filed a motion to conduct an orderly wind down of its operations in the U.S. and commence store closing sales at all 735 U.S. stores. The total worldwide pre and post-petition gross accounts receivable balance as of March 31, 2018 is $35.1 million. In April 2018, the Company collected $12.0 million from its insurance carrier and $0.6 million from TRU, resulting in a net receivable from TRU of $22.5 million. The $22.5 million net receivable balance has been fully reserved by the Company as of March 31, 2018. At March 31, 2018 and December 31, 2017, the Company's TRU consolidated accounts receivable balance represented 29.4% and 26.4%, respectively, of the Company’s gross accounts receivable.

Inventory

Inventory	3 Months Ended
	Mar. 31, 2018
Inventory	Note 3 — Inventory Inventory, which includes the ex-factory cost of goods, in-bound freight, duty and capitalized warehouse costs, is valued at the lower of cost (first-in, first-out) or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): March 31, December 31, Raw materials $ 1,594 $ 1,596 Finished goods 52,403 56,836 $ 53,997 $ 58,432 During the first quarter of 2017, the Company adopted ASU 2015-11, “Simplifying the Measurement of Inventory (Topic 330)”. The amendments, which apply to inventory that is measured using any method other than the last-in, first-out (LIFO) or retail inventory method, require that entities measure inventory at the lower of cost or net realizable value. ASU 2015-11 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016 and should be applied on a prospective basis. The adoption of ASU 2015-11 did not have an impact to the Company’s condensed consolidated financial statements.

Revenue Recognition and Reserve

Revenue Recognition and Reserve for Sales Returns and Allowances	3 Months Ended
	Mar. 31, 2018
Revenue Recognition and Reserve for Sales Returns and Allowances	Note 4 — Revenue Recognition and Reserve for Sales Returns and Allowances The Company’s contracts with customers only include one performance obligation (i.e., sale of the Company’s products). Revenue is recognized in the gross amount at a point in time when delivery is completed and control of the promised goods is transferred to the customers. Revenue is measured as the amount of consideration the Company expects to be entitled to in exchange for those goods. The Company’s contracts do not involve financing elements as payment terms with customers are less than one year. Further, because revenue is recognized at the point in time goods are sold to customers, there are no contract assets or contract liability balances. The Company disaggregates its revenues from contracts with customers by reporting segment: U.S. and Canada, International, and Halloween. The Company further disaggregates revenues by major geographic region. See Note 2, Business Segments, Geographic Data, and Sales by Major Customers The Company offers various discounts, pricing concessions, and other allowances to customers, all of which are considered in determining the transaction price. Certain discounts and allowances are fixed and determinable at the time of sale and are recorded at the time of sale as a reduction to revenue. Other discounts and allowances can vary and are determined at management’s discretion (variable consideration). Specifically, the Company occasionally grants discretionary credits to facilitate markdowns and sales of slow moving merchandise, and consequently accrues an allowance based on historic credits and management estimates. Further, while the Company generally does not allow product returns, the Company does make occasional exceptions to this policy, and consequently records a sales return allowance based upon historic return amounts and management estimates. These allowances (variable consideration) are estimated using the expected value method and are recorded at the time of sale as a reduction to revenue. The Company adjusts its estimate of variable consideration at least quarterly or when facts and circumstances used in the estimation process may change. The variable consideration is not constrained as the Company has sufficient history on the related estimates and does not believe there is a risk of significant revenue reversal. The Company also participates in cooperative advertising arrangements with some customers, whereby it allows a discount from invoiced product amounts in exchange for customer purchased advertising that features the Company’s products. Generally, these allowances range from 2% to 10% of gross sales, and are generally based upon product purchases or specific advertising campaigns. Such allowances are accrued when the related revenue is recognized. These cooperative advertising arrangements provide a distinct benefit and fair value, and are accounted for as direct selling expenses. Sales commissions are expensed when incurred as the related revenue is recognized at a point in time and therefore the amortization period is less than one year. As a result these costs are recorded as direct selling expenses, as incurred. Shipping and handling activities are considered part of the Company’s obligation to transfer the products and therefore are recorded as direct selling expenses, as incurred. The Company’s reserve for sales returns and allowances amounted to $15.3 million as of March 31, 2018, compared to $17.6 million as of December 31, 2017. This decrease was primarily due to certain customers taking their annual allowances related to 2017 sales.

Credit Facility

Credit Facility	3 Months Ended
	Mar. 31, 2018
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 domestic accounts receivable and inventory (the “WF Loan Agreement”). The amounts outstanding under the credit facility, as amended, are payable in full upon maturity of the facility on March 27, 2019, except that the credit facility will mature on June 15, 2018 if we do not refinance or extend the maturity of the Convertible Senior Notes that mature in 2018, provided that any such refinancing or extension shall have a maturity date that is no sooner than six months after the stated maturity of the facility (i.e., on or about September 27, 2019). 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, 2018, there were no outstanding borrowings and the amount of outstanding stand-by letters of credit totaled $13.7 million; the total excess availability under the facility was $10.0 million. As of December 31, 2017, the amount of outstanding borrowings was $5.0 million and outstanding stand-by letters of credit totaled $20.0 million; the total excess availability under the facility was $14.1 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 1.25:1.0 based on the trailing four fiscal quarters in the event minimum excess availability of $10.0 million under the facility is not maintained. As of March 31, 2018 and December 31, 2017, 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. The Base Rate is the highest of (i) the Federal Funds Rate plus a margin of 0.50%, (ii) the rate last quoted by The Wall Street Journal as the “Prime Rate,” or (iii) the sum of a LIBOR rate plus 1.00%. In addition to standard fees, the facility has an unused credit line fee, which ranges from 25 to 50 basis points. As of March 31, 2018 and December 31, 2017, the weighted average interest rate on the credit facility was approximately 3.79%. 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, 2018
Convertible Senior Notes	Note 6 — Convertible Senior Notes Convertible senior notes consist of the following (in thousands): March 31, 2018 December 31, 2017 Principal/ Debt Principal/ Debt Fair Value Issuance Net Fair Value Issuance Net Amount Costs Amount Amount Costs Amount 3.25% convertible senior notes (due 2020) * $ 23,490 $ ― $ 23,490 $ 22,469 $ ― $ 22,469 4.25% convertible senior notes (due 2018) 21,178 59 21,119 21,178 103 21,075 4.875% convertible senior notes (due 2020) 113,000 1,774 111,226 113,000 1,972 111,028 Total convertible senior notes, net of debt issuance costs $ 157,668 $ 1,833 $ 155,835 $ 156,647 $ 2,075 $ 154,572 * The amount presented for the 3.25% 2020 convertible senior notes within the table represents the fair value as of March 31, 2018. The principal amount of these notes is $21.5 million. Amortization expense classified as interest expense related to debt issuance costs was $0.2 million and $0.3 million for the three months ended March 31, 2018 and 2017, respectively. In July 2013, the Company sold an aggregate of $100.0 million principal amount of 4.25% Convertible Senior Notes due 2018 (the “2018 Notes”). The 2018 Notes 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 the Company’s common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $8.74 per share of common stock, subject to adjustment in certain events. 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 the first quarter of 2017, the Company exchanged and retired $39.1 million principal amount of the 2018 Notes at par for $24.1 million in cash and approximately 2.9 million shares of its common stock. During the second quarter of 2017, the Company exchanged and retired $12.0 million principal amount of the 2018 Notes at par for $11.6 million in cash and 112,400 shares of its common stock, and approximately $0.1 million of the unamortized debt issuance costs were written off and a $0.1 million gain was recognized in conjunction with the exchange and retirement of the 2018 Notes. In August 2017, the Company agreed with Oasis Management and Oasis Investments II Master Fund Ltd., the holder of approximately $21.5 million face amount of its 4.25% Convertible Senior Notes due in 2018, to extend the maturity date of these notes to November 1, 2020. In addition, the interest rate was reduced to 3.25% per annum and the conversion rate was increased to 328.0302 shares of the Company’s common stock per $1,000 principal amount of notes, among other things. After execution of a definitive agreement for the modification and final approval by the other members of the Company’s Board of Directors and Oasis’ Investment Committee the transaction closed on November 7, 2017. In connection with this transaction, the Company recognized a loss on extinguishment of the debt of approximately $0.6 million. Further, the Company elected to measure and present the new debt held by Oasis at fair value using Level 3 inputs and as a result, recognized a loss of $1.0 million for the three months ended March 31, 2018 related to changes in the fair value of the 3.25% 2020 Notes. At March 31, 2018 and December 31, 2017, the 3.25% 2020 Notes had a fair value of approximately $23.5 million and $22.5 million, respectively. The Company evaluated its credit risk as of March 31, 2018, and determined that there was no change from December 31, 2017. In June 2014, the Company sold an aggregate of $115.0 million principal amount of 4.875% Convertible Senior Notes due 2020 (the “2020 Notes”). The 2020 Notes are senior unsecured obligations of the Company paying interest semi-annually in arrears on June 1 and December 1 of each year at a rate of 4.875% per annum and will mature on June 1, 2020. The initial and still current conversion rate for the 2020 Notes is 103.7613 shares of the Company’s common stock per $1,000 principal amount of notes, equivalent to an initial conversion price of approximately $9.64 per share of common stock, subject to adjustment in certain events. Upon conversion, the 2020 Notes will be settled in shares of the Company’s common stock. Holders of the 2020 Notes may require that the Company repurchase for cash all or some of their notes upon the occurrence of a fundamental change (as defined in the 2020 Notes). In January 2016, the Company repurchased and retired an aggregate of $2.0 million principal amount of the 2020 Notes. In addition, approximately $0.1 million of the unamortized debt issuance costs were written off and a $0.1 million gain was recognized in conjunction with the retirement of the 2020 Notes.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Taxes	Note 7 — Income Taxes The Company’s income tax benefit of $2.3 million for the three months ended March 31, 2018 reflects an effective tax rate of 6.1%. 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 majority of the tax benefit for the three months ended March 31, 2018 relates to foreign income taxes partially offset by discrete items. 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 Tax Cuts and Jobs Act was enacted on December 22, 2017. The Act reduces the U.S. federal corporate income tax rate from 35% to 21%, and requires companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred and creates new taxes on certain foreign sourced earnings. Due to the timing of the enactment and the complexity involved in applying the provisions of the Act, we made reasonable estimates of the effects and recorded provisional amounts in our financial statements as of December 31, 2017. As we collect and prepare necessary data, and interpret the Act and any additional guidance issued by the U.S. Treasury Department, the Internal Revenue Service (IRS), and other standard-setting bodies, we may make adjustments to the provisional amounts. Those adjustments may materially affect our provision for income taxes and effective tax rate in the period in which the adjustments are made. No adjustments were made in the first quarter of 2018 as the provisional amounts as of December 31, 2017 remain reasonable. We will continue to make and refine our calculations as additional analysis is completed in 2018. The Act subjects a U.S. shareholder to tax on Global intangible low-taxed income (GILTI) earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or provide for the tax expense related to GILTI in the year the tax is incurred as a period expense only. Given the complexity of the GILTI provisions, we are still evaluating the effects of the GILTI provisions and have not yet determined our accounting policy. At March 31, 2018, because we are still evaluating the GILTI provisions and our analysis of future taxable income that is subject to GILTI, we have included GILTI related to current-year operations only. The GILTI provision does not impact the 2018 first quarter tax expense due to the fully valued tax attributes carryforward.

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Loss Weighted Average Shares Per-Share Loss Weighted Average Shares Per-Share Loss per share — basic and diluted Net loss available to common stockholders $ (36,244 ) 23,100 $ (1.57 ) $ (18,316 ) 18,104 $ (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 associated with the issuance of the Convertible Senior Notes due 2020. Common share equivalents that could potentially dilute basic earnings per share in the future, which were excluded from the computation of diluted earnings per share due to being anti-dilutive, totaled approximately 24,917,528 and 22,969,239 for the three months ended March 31, 2018 and 2017, respectively.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	3 Months Ended
	Mar. 31, 2018
Common Stock and Preferred Stock	Note 9 — Common Stock and Preferred Stock In January and February 2017, the Company issued an aggregate of 873,787 shares of restricted stock at a value of approximately $4.5 million to two executive officers, which vest, subject to certain company financial performance criteria and market conditions, over a three year period. In addition, an aggregate of 94,102 shares of restricted stock at an aggregate value of approximately $0.5 million were issued to its five non-employee directors, which vested in January 2018. In January and February 2017, the Company issued an aggregate of 2,865,000 shares of its common stock at a value of $15.1 million to holders of its 2018 convertible senior notes as partial consideration for the exchange at par of $39.1 million principal amount of such notes. In March 2017, the Company entered into an agreement to issue 3,660,891 shares of its common stock at an aggregate price of $19.3 million to a Hong Kong affiliate of its China joint venture partner. After their shareholder and China regulatory approval, the transaction closed on April 27, 2017. Upon the closing, the Company added a representative of Meisheng as a non-employee director and issued 13,319 shares of restricted stock at a value of $0.1 million, which vested in January 2018. In June 2017, the Company issued an aggregate of 112,400 shares of its common stock at a value of approximately $0.4 million to holders of its 2018 convertible senior notes as partial consideration for the exchange at par of $11.6 million principal amount of such notes. In January 2018, the Company issued an aggregate of 1,914,894 shares of restricted stock at a value of approximately $4.5 million to two executive officers, which vest, subject to certain company financial performance criteria and market conditions, over a three year period. In addition, an aggregate of 249,480 shares of restricted stock at an aggregate value of approximately $0.6 million were issued to its six non-employee directors, which vest in January 2019. All issuances of common stock, including those issued pursuant to stock option and warrant exercises, restricted stock grants and acquisitions, are issued from the Company’s authorized but not issued and outstanding shares. No dividend was declared or paid in the first quarter of 2018 and in 2017.

Joint Ventures

Joint Ventures	3 Months Ended
	Mar. 31, 2018
Joint Ventures	Note 10 — Joint Ventures The Company owns a fifty percent interest in a joint venture (“Pacific Animation Partners”) with the U.S. entertainment subsidiary of a leading Japanese advertising and animation production company. The joint venture was created to develop and produce a boys’ animated television show, which it licensed worldwide for television broadcast as well as consumer products. The Company produced toys based upon the television program under a license from the joint venture which also licensed certain other merchandising rights to third parties. The joint venture completed and delivered 65 episodes of the show, which began airing in February 2012, and has since ceased production of the television show. For the three months ended March 31, 2018 and 2017, the Company recognized income from the joint venture of $22,000 and nil, respectively. As of March 31, 2018 and December 31, 2017, the balance of the investment in the Pacific Animation Partners joint venture is nil. In September 2012, the Company entered into a joint venture (“DreamPlay Toys”) with NantWorks LLC (“NantWorks”) in which it owns a fifty percent interest. Pursuant to the operating agreement of DreamPlay Toys, the Company paid to NantWorks cash in the amount of $8.0 million and issued NantWorks a warrant to purchase 1.5 million shares of the Company’s common stock at a value of $7.0 million in exchange for the exclusive right to arrange for the provision of the NantWorks recognition technology platform for toy products. The Company had classified these rights as an intangible asset, which was being amortized over the anticipated revenue stream from the exploitation of these rights. However, the Company has abandoned the use of the technology in connection with its toy products and no future sales are anticipated, and the Company recorded an impairment charge to income of $2.9 million to write off the remaining unamortized technology rights during the third quarter of 2017. The Company retains the financial risk of the joint venture and is responsible for the day-to-day operations, which are expected to be nominal in future periods. The results of operations of the joint venture are consolidated with the Company’s results. In addition, in 2012, the Company invested $7.0 million in cash in exchange for a five percent economic interest in a related entity, DreamPlay, LLC, that was expected to monetize the exploitation of the recognition technologies in non-toy consumer product categories. Adoption of the technology has been inadequate to establish a commercially viable market for the technology. NantWorks has the right to repurchase the Company’s interest for $7.0 million, but the Company does not anticipate that NantWorks will do so. As of September 30, 2017, the Company determined the value of this investment will not be realized and that full impairment of the value had occurred. Accordingly, the Company recorded an impairment charge of $7.0 million during the quarter ended September 30, 2017. In November 2014, the Company entered into a joint venture with Meisheng Culture & Creative Corp., for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China. The joint venture includes a subsidiary in the Shanghai Free Trade Zone that sells, distributes and markets these products, which include dolls, plush, role play products, action figures, costumes, seasonal items, technology and app-enhanced toys, based on entertainment licenses and JAKKS’ own proprietary brands. The Company owns fifty-one percent of the joint venture and consolidates the joint venture since control rests with the Company. The non-controlling interest’s share of the income from the joint venture for the three months ended March 31, 2018 and 2017 was income of $51,000 and $31,000, 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. The non-controlling interest’s share of the loss from the joint venture for three months ended March 31, 2018 and 2017 was nil. As of April 27, 2017, Hong Kong Meisheng Cultural Company Limited beneficially owns more than 10% of the Company’s outstanding common stock.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2018
Goodwill	Note 11 — Goodwill The changes to the carrying amount of goodwill as of March 31, 2018 are summarized as follows (in thousands): Total Balance, December 31, 2017 $ 35,384 Adjustments to goodwill for foreign currency translation 208 Balance, March 31, 2018 $ 35,592 The Company applies a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis and, on an interim basis, if certain events or circumstances indicate that an impairment loss may have been incurred. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. Based on several factors that occurred during the quarter ended March 31, 2018, the Company determined the fair value of its reporting units should be retested for potential impairment. As a result of the retesting performed, no goodwill impairment was determined to have occurred for the three months ended March 31, 2018.

Intangible Assets Other Than Go

Intangible Assets Other Than Goodwill	3 Months Ended
	Mar. 31, 2018
Intangible Assets Other Than Goodwill	Note 12 — Intangible Assets Other Than Goodwill Intangible assets other than goodwill consist primarily of licenses, product lines, customer relationships and trademarks. Amortized intangible assets are included in intangibles in the accompanying condensed consolidated balance sheets. Trademarks are disclosed separately in the accompanying condensed consolidated balance sheets. Intangible assets as of March 31, 2018 and December 31, 2017 include the following (in thousands, except for weighted useful lives): March 31, 2018 December 31, 2017 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 $ (18,900 ) $ 1,230 $ 20,130 $ (18,620 ) $ 1,510 Product lines 10.36 33,858 (14,065 ) 19,793 33,858 (13,178 ) 20,680 Customer relationships 4.90 3,152 (3,152 ) — 3,152 (3,152 ) — Trade names 5.00 3,000 (3,000 ) — 3,000 (3,000 ) — Non-compete agreements 5.00 200 (200 ) — 200 (200 ) — Total amortized intangible assets $ 60,340 $ (39,317 ) $ 21,023 $ 60,340 $ (38,150 ) $ 22,190 Unamortized Intangible Assets: Trademarks $ 300 $ — $ 300 $ 300 $ — $ 300

Comprehensive Loss

Comprehensive Loss	3 Months Ended
	Mar. 31, 2018
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, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Net Loss $ (36,193 ) $ (18,285 ) Other comprehensive income: Foreign currency translation adjustment 1,050 531 Comprehensive loss (35,143 ) (17,754 ) Less: Comprehensive income attributable to non-controlling interests 51 31 Comprehensive loss attributable to JAKKS Pacific, Inc. $ (35,194 ) $ (17,785 )

Litigation

Litigation	3 Months Ended
	Mar. 31, 2018
Litigation	Note 14 — Litigation The Company is a party to, and certain of its property is the subject of, various pending claims and legal proceedings that routinely arise in the ordinary course of its business, but the Company does not believe that any of these claims or proceedings will have a material effect on its business, financial condition or results of operations.

Share-Based Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2018
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 the related tax benefits recognized for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Restricted stock compensation expense $ 676 $ 748 Tax benefit related to restricted stock compensation — — Restricted Stock Awards Restricted stock award activity (including those with performance-based vesting criteria) for the three months ended March 31, 2018 is summarized as follows: Restricted Stock Awards Number of Shares Weighted Average Grant Fair Value Outstanding, December 31, 2017 981,208 $ 5.15 Awarded 2,164,374 2.35 Released (194,800 ) 5.14 Forfeited — — Outstanding, March 31, 2018 2,950,782 3.10 As of March 31, 2018, there was $4.4 million of total unrecognized compensation cost related to non-vested restricted stock awards, which is expected to be recognized over a weighted-average period of 2.73 years. Restricted Stock Units Restricted stock unit activity (including those with performance-based vesting criteria) for the three months ended March 31, 2018 is summarized as follows: Restricted Stock Units Number of Shares Weighted Average Grant Fair Value Outstanding, December 31, 2017 959,192 $ 5.15 Awarded — — Released (125,290 ) 5.15 Forfeited (79,831 ) 5.15 Outstanding, March 31, 2018 754,071 5.15 As of March 31, 2018, there was $1.8 million of total unrecognized compensation cost related to non-vested restricted stock units, which is expected to be recognized over a weighted-average period of 2.3 years. Stock Options There has been no stock option activity pursuant to the Plan .

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Measurements	Note 16 — Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various methods including market, income and cost approaches. Based upon these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based upon observable inputs used in the valuation techniques, the Company is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values into three broad levels as follows: Level 1: Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. In instances where the determination of the fair value measurement is based upon inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based upon the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following table summarizes our financial assets measured at fair value on a recurring basis as of March 31, 2018 (in thousands): Fair Value Measurements Carrying Amount as of As of March 31, 2018 March 31, 2018 Level 1 Level 2 Level 3 Cash equivalents $ 8,169 $ 8,169 $ — $ — 3.25% Convertible senior notes due in 2020 23,490 — — 23,490 Fair Value Measurements Carrying Amount as of As of December 31, 2017 December 31, 2017 Level 1 Level 2 Level 3 Cash equivalents $ 13,718 $ 13,718 $ — $ — 3.25% Convertible senior notes due in 2020 22,469 — — 22,469 The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): 2018 Balance at January 1, 2018 $ 22,469 Change in fair value 1,021 Balance at March 31, 2018 $ 23,490

Liquidity

Liquidity	3 Months Ended
	Mar. 31, 2018
Liquidity	Note 17 — Liquidity As of March 31, 2018 and December 31, 2017, the Company held cash and cash equivalents of $46.8 million and $65.0 million, respectively. Cash and cash equivalents held outside of the United States in various foreign subsidiaries totaled $39.7 million and $52.8 million as of March 31, 2018 and December 31, 2017, respectively. The cash and cash equivalent balances in foreign subsidiaries have been fully taxed in the U.S. in connection with the Tax Cuts and Jobs Act, and would not be subject to additional U.S. tax should such amounts be repatriated in the form of dividends or deemed distributions. Any such repatriation may result in foreign withholding taxes, which would not be significant as of March 31, 2018. The Company’s primary sources of working capital are cash flows from operations and borrowings under its credit facility (see Note 5). Typically, cash flows from operations are impacted by the effect on sales of (1) the appeal of the Company’s products, (2) the success of its licensed brands, (3) the highly competitive conditions existing in the toy industry, (4) dependency on a limited set of large customers, and (5) general economic conditions. A downturn in any single factor or a combination of factors could have a material adverse impact upon the Company’s ability to generate sufficient cash flows to operate the business. In addition, the Company’s business and liquidity are dependent to a significant degree on its vendors and their financial health, as well as the ability to accurately forecast the demand for products. The loss of a key vendor, or material changes in support by them, or a significant variance in actual demand compared to the forecast, can have a material adverse impact on the Company’s cash flows and business. Given the conditions in the toy industry environment in general, vendors, including licensors, may seek further assurances or take actions to protect against non-payment of amounts due them. Changes in this area could have a material adverse impact on the Company’s liquidity. Cash and cash equivalents, projected cash flow from operations and borrowings under the Company’s credit facility should be sufficient to meet working capital and capital expenditure requirements, and allow the repayment of the Company’s indebtedness in 2018, for the next 12 months with certain mitigating plans described herein. The Company is currently in the process of negotiating to amend its credit facility to allow for certain foreign accounts receivable to be included in the borrowing base calculation to improve the liquidity position. The Company is also in the process of negotiating a term loan with another bank under which the amount advanced would be based on certain types of inventory. These two transactions would provide the Company with additional working capital after the 2018 convertible notes of $21.2 million are effectively repaid on or about June 15, 2018 as a result of the springing maturity provision included in its credit facility. The Company cannot make assurances that it will be able to close the aforementioned two transactions or that it will have the financial resources required to obtain, or that the conditions of the capital markets will support, any future debt or equity financings. In addition, the Company’s ability to fund operations and retire or refinance the 2018 convertible notes is dependent on a number of factors, some of which are beyond its control, including the Company’s future operating performance and the factors mentioned above and included in “Risk Factors” in Item 1A of this Form 10-Q. If the Company is unable to amend its credit facility to increase the borrowing base, close the contemplated term loan, refinance the 2018 convertible notes or secure another source of capital on commercially reasonable terms, it may be required to take additional measures, such as reorganizing its cost structure and adjusting inventory purchases and/or payment terms with suppliers, which could have a material adverse impact on its revenues and business.

Business Segments, Geographic24

Business Segments, Geographic Data, and Sales by Major Customers (Tables)	3 Months Ended
	Mar. 31, 2018
Information by Segment and Reconciliation to Reported Amounts	Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2018 and 2017 and as of March 31, 2018 and December 31, 2017 are as follows (in thousands): Three Months Ended 2018 2017 Net Sales U.S. and Canada $ 70,535 $ 70,912 International 17,299 19,942 Halloween 5,170 3,651 $ 93,004 $ 94,505 Three Months Ended 2018 2017 Loss from Operations U.S. and Canada $ (22,979 ) $ (7,876 ) International (6,939 ) (1,772 ) Halloween (5,740 ) (6,076 ) $ (35,658 ) $ (15,724 ) Three Months Ended 2018 2017 Depreciation and Amortization Expense U.S. and Canada $ 2,416 $ 3,374 International 581 898 Halloween 99 108 $ 3,096 $ 4,380 March 31, December 31, Assets U.S. and Canada $ 199,711 $ 229,505 International 91,764 106,255 Halloween 22,416 34,589 $ 313,891 $ 370,349
Information by Geographic Area	The following tables present information about the Company by geographic area as of March 31, 2018 and December 31, 2017 and for the three months ended March 31, 2018 and 2017 (in thousands): March 31, December 31, Long-lived Assets China $ 17,229 $ 17,194 United States 5,504 5,755 Hong Kong 223 278 $ 22,956 $ 23,227 Three Months Ended 2018 2017 Net Sales by Customer Area United States $ 71,373 $ 69,560 Europe 8,629 12,560 Canada 3,761 4,444 Hong Kong 227 219 Other 9,014 7,722 $ 93,004 $ 94,505
Net Sales to Major Customers	Net sales to major customers for the three months ended March 31, 2018 and 2017 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2018 2017 Amount Percentage of Net Sales Amount Percentage of Net Sales Wal-Mart $ 24,758 26.6 % $ 26,370 27.9 % Target 15,312 16.5 12,671 13.4 Toys "R" Us 10,625 11.4 13,260 14.0 $ 50,695 54.5 % $ 52,301 55.3 %

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Mar. 31, 2018
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 $ 1,594 $ 1,596 Finished goods 52,403 56,836 $ 53,997 $ 58,432

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	3 Months Ended
	Mar. 31, 2018
Convertible Senior Notes	Convertible senior notes consist of the following (in thousands): March 31, 2018 December 31, 2017 Principal/ Debt Principal/ Debt Fair Value Issuance Net Fair Value Issuance Net Amount Costs Amount Amount Costs Amount 3.25% convertible senior notes (due 2020) * $ 23,490 $ ― $ 23,490 $ 22,469 $ ― $ 22,469 4.25% convertible senior notes (due 2018) 21,178 59 21,119 21,178 103 21,075 4.875% convertible senior notes (due 2020) 113,000 1,774 111,226 113,000 1,972 111,028 Total convertible senior notes, net of debt issuance costs $ 157,668 $ 1,833 $ 155,835 $ 156,647 $ 2,075 $ 154,572 * The amount presented for the 3.25% 2020 convertible senior notes within the table represents the fair value as of March 31, 2018. The principal amount of these notes is $21.5 million.

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
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, 2018 2017 Loss Weighted Average Shares Per-Share Loss Weighted Average Shares Per-Share Loss per share — basic and diluted Net loss available to common stockholders $ (36,244 ) 23,100 $ (1.57 ) $ (18,316 ) 18,104 $ (1.01 )

Goodwill (Tables)

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2018
Changes to Carrying Amount of Goodwill	The changes to the carrying amount of goodwill as of March 31, 2018 are summarized as follows (in thousands): Total Balance, December 31, 2017 $ 35,384 Adjustments to goodwill for foreign currency translation 208 Balance, March 31, 2018 $ 35,592

Intangible Assets Other Than 29

Intangible Assets Other Than Goodwill (Tables)	3 Months Ended
	Mar. 31, 2018
Intangible Assets	Intangible assets as of March 31, 2018 and December 31, 2017 include the following (in thousands, except for weighted useful lives): March 31, 2018 December 31, 2017 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 $ (18,900 ) $ 1,230 $ 20,130 $ (18,620 ) $ 1,510 Product lines 10.36 33,858 (14,065 ) 19,793 33,858 (13,178 ) 20,680 Customer relationships 4.90 3,152 (3,152 ) — 3,152 (3,152 ) — Trade names 5.00 3,000 (3,000 ) — 3,000 (3,000 ) — Non-compete agreements 5.00 200 (200 ) — 200 (200 ) — Total amortized intangible assets $ 60,340 $ (39,317 ) $ 21,023 $ 60,340 $ (38,150 ) $ 22,190 Unamortized Intangible Assets: Trademarks $ 300 $ — $ 300 $ 300 $ — $ 300

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2018
Components of Comprehensive Income (Loss)	The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Net Loss $ (36,193 ) $ (18,285 ) Other comprehensive income: Foreign currency translation adjustment 1,050 531 Comprehensive loss (35,143 ) (17,754 ) Less: Comprehensive income attributable to non-controlling interests 51 31 Comprehensive loss attributable to JAKKS Pacific, Inc. $ (35,194 ) $ (17,785 )

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2018
Total Share-Based Compensation Expense and Related Tax Benefits Recognized	The following table summarizes the total share-based compensation expense and the related tax benefits recognized for the three months ended March 31, 2018 and 2017 (in thousands): Three Months Ended 2018 2017 Restricted stock compensation expense $ 676 $ 748 Tax benefit related to restricted stock compensation — —
Restricted Stock Award Activity	Restricted stock award activity (including those with performance-based vesting criteria) for the three months ended March 31, 2018 is summarized as follows: Restricted Stock Awards Number of Shares Weighted Average Grant Fair Value Outstanding, December 31, 2017 981,208 $ 5.15 Awarded 2,164,374 2.35 Released (194,800 ) 5.14 Forfeited — — Outstanding, March 31, 2018 2,950,782 3.10
Restricted Stock Unit Activity	Restricted stock unit activity (including those with performance-based vesting criteria) for the three months ended March 31, 2018 is summarized as follows: Restricted Stock Units Number of Shares Weighted Average Grant Fair Value Outstanding, December 31, 2017 959,192 $ 5.15 Awarded — — Released (125,290 ) 5.15 Forfeited (79,831 ) 5.15 Outstanding, March 31, 2018 754,071 5.15

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Financial Assets Measured at Fair Value on Recurring Basis	The following table summarizes our financial assets measured at fair value on a recurring basis as of March 31, 2018 (in thousands): Fair Value Measurements Carrying Amount as of As of March 31, 2018 March 31, 2018 Level 1 Level 2 Level 3 Cash equivalents $ 8,169 $ 8,169 $ — $ — 3.25% Convertible senior notes due in 2020 23,490 — — 23,490 Fair Value Measurements Carrying Amount as of As of December 31, 2017 December 31, 2017 Level 1 Level 2 Level 3 Cash equivalents $ 13,718 $ 13,718 $ — $ — 3.25% Convertible senior notes due in 2020 22,469 — — 22,469
Reconciliation of Beginning and Ending Balances of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)	The following table provides a reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): 2018 Balance at January 1, 2018 $ 22,469 Change in fair value 1,021 Balance at March 31, 2018 $ 23,490

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Basis of Presentation [Line Items]
Net cash used in financing activities	$ (5,085)	$ (24,064)
Increase to cash and cash equivalents	$ (19,041)	(18,500)
Accounting Standards Update 2016-18
Basis of Presentation [Line Items]
Net cash used in financing activities		(10,600)
Increase to cash and cash equivalents		$ 10,600

Business Segments, Geographic34

Business Segments, Geographic Data, and Sales by Major Customers - Additional Information (Detail) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2018USD ($)	Mar. 31, 2018USD ($)SegmentCustomer	Dec. 31, 2017SegmentCustomer	Mar. 15, 2018Store
Segment Reporting Information [Line Items]
Number of reporting segments | Segment		3	3
Toys "R" Us
Segment Reporting Information [Line Items]
Pre and post-petition gross accounts receivable		$ 35.1
Pre-petition consolidated accounts receivable, reserved		$ 22.5
Toys "R" Us | United States
Segment Reporting Information [Line Items]
Number of stores | Store				735
Subsequent Event | Toys "R" Us
Segment Reporting Information [Line Items]
Claim filed with insurance carrier	$ 12
Proceeds from post-petition consolidated accounts receivable	0.6
Post and pre-petition consolidated accounts receivable, net	$ 22.5
Net Accounts Receivable | Customer Concentration Risk
Segment Reporting Information [Line Items]
Number of major customers | Customer		3	3
Net Accounts Receivable | Toys "R" Us | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage		29.40%	26.40%
Net Accounts Receivable | Three Largest Customers | Customer Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage		58.40%	60.60%

Information by Segment and Reco

Information by Segment and Reconciliation to Reported Amounts (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Segment Reporting Information [Line Items]
Net Sales	$ 93,004	$ 94,505
Loss from Operations	(35,658)	(15,724)
Depreciation and Amortization Expense	3,096	4,380
Assets	313,891		$ 370,349
U.S. and Canada
Segment Reporting Information [Line Items]
Net Sales	70,535	70,912
Loss from Operations	(22,979)	(7,876)
Depreciation and Amortization Expense	2,416	3,374
Assets	199,711		229,505
International
Segment Reporting Information [Line Items]
Net Sales	17,299	19,942
Loss from Operations	(6,939)	(1,772)
Depreciation and Amortization Expense	581	898
Assets	91,764		106,255
Halloween
Segment Reporting Information [Line Items]
Net Sales	5,170	3,651
Loss from Operations	(5,740)	(6,076)
Depreciation and Amortization Expense	99	$ 108
Assets	$ 22,416		$ 34,589

Information by Geographic Area

Information by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	$ 22,956		$ 23,227
Net Sales	93,004	$ 94,505
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	17,229		17,194
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	5,504		5,755
Net Sales	71,373	69,560
Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived Assets	223		$ 278
Net Sales	227	219
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	8,629	12,560
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	3,761	4,444
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Net Sales	$ 9,014	$ 7,722

Net Sales to Major Customers (D

Net Sales to Major Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenue, Major Customer [Line Items]
Net Sales	$ 93,004	$ 94,505
Wal-Mart
Revenue, Major Customer [Line Items]
Net Sales	24,758	26,370
Target
Revenue, Major Customer [Line Items]
Net Sales	15,312	12,671
Toys "R" Us
Revenue, Major Customer [Line Items]
Net Sales	10,625	13,260
Major Customer
Revenue, Major Customer [Line Items]
Net Sales	$ 50,695	$ 52,301
Net Sales | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	54.50%	55.30%
Net Sales | Wal-Mart | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	26.60%	27.90%
Net Sales | Target | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	16.50%	13.40%
Net Sales | Toys "R" Us | Customer Concentration Risk
Revenue, Major Customer [Line Items]
Percentage of Net Sales from major customer	11.40%	14.00%

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, 2018	Dec. 31, 2017
Inventory [Line Items]
Raw materials	$ 1,594	$ 1,596
Finished goods	52,403	56,836
Inventory, net	$ 53,997	$ 58,432

Revenue Recognition and Reser39

Revenue Recognition and Reserve for Sales Returns and Allowances - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Significant Accounting Policies [Line Items]
Reserve for sales returns and allowances	$ 15,343	$ 17,622
Minimum
Significant Accounting Policies [Line Items]
Discount on invoiced amount of products	2.00%
Maximum
Significant Accounting Policies [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	Jul. 31, 2013	Mar. 31, 2018	Dec. 31, 2017
GECC
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing capacity	$ 75,000,000
Line of credit facility, maturity date			Jun. 15, 2018	Mar. 27, 2019
Amount of credit facility outstanding				$ 5,000,000
Stand by letters of credit outstanding amount			$ 13,700,000	$ 20,000,000
Line of credit facility, maturity date description			The amounts outstanding under the credit facility, as amended, are payable in full upon maturity of the facility on March 27, 2019, except that the credit facility will mature on June 15, 2018 if we do not refinance or extend the maturity of the Convertible Senior Notes that mature in 2018, provided that any such refinancing or extension shall have a maturity date that is no sooner than six months after the stated maturity of the facility (i.e., on or about September 27, 2019).
Rate of credit facility			3.79%	3.79%
GECC | London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Applicable margin spread over base rate	2.25%
Additional basis spread			1.00%
GECC | Base Rate
Line of Credit Facility [Line Items]
Applicable margin spread over base rate	1.25%
GECC | Federal Funds Rate
Line of Credit Facility [Line Items]
Applicable margin spread over base rate			0.50%
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]
Line of credit facility, total excess availability			$ 10,000,000
Fixed charge coverage ratio			125.00%
4.25% Convertible Senior Notes (due 2018)
Line of Credit Facility [Line Items]
Line of credit facility, maturity date		Aug. 1, 2018	Jun. 15, 2018
4.25% Convertible Senior Notes (due 2018) | GECC
Line of Credit Facility [Line Items]
Line of credit facility, maturity date			Aug. 1, 2018
Line of credit facility, total excess availability			$ 10,000,000	$ 14,100,000

Convertible Senior Notes (Detai

Convertible Senior Notes (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2014	Jul. 31, 2013
Debt Instrument [Line Items]
Convertible senior notes, principal\ fair value amount	$ 157,668	$ 156,647
Convertible senior notes, debt issuance costs	1,833	2,075
Convertible senior notes, net of debt issuance costs	155,835	154,572
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Convertible senior notes, principal\ fair value amount	21,178	21,178		$ 100,000
Convertible senior notes, debt issuance costs	59	103
Convertible senior notes, net of debt issuance costs	21,119	21,075
3.25% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Convertible senior notes, principal\ fair value amount	23,490	22,469
Convertible senior notes, net of debt issuance costs	23,490	22,469
4.875% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Convertible senior notes, principal\ fair value amount	113,000	113,000	$ 115,000
Convertible senior notes, debt issuance costs	1,774	1,972
Convertible senior notes, net of debt issuance costs	$ 111,226	$ 111,028

Convertible Senior Notes (Paren

Convertible Senior Notes (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2014	Jul. 31, 2013
Debt Instrument [Line Items]
Long term debt, principal amount	$ 157,668	$ 156,647
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%
Long term debt, principal amount	$ 21,178	$ 21,178		$ 100,000
3.25% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Debt instrument, maturity year	2,020	2,020
Debt instrument, interest rate	3.25%	3.25%
Long term debt, principal amount	$ 23,490	$ 22,469
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%
Long term debt, principal amount	$ 113,000	$ 113,000	$ 115,000

Convertible Senior Notes - Addi

Convertible Senior Notes - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended					3 Months Ended			12 Months Ended
	Aug. 31, 2017	Jun. 30, 2017	Jan. 31, 2016	Jun. 30, 2014	Jul. 31, 2013	Mar. 31, 2018	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Dec. 31, 2017
Debt Instrument [Line Items]
Amortization of debt issuance costs recognized as interest expense						$ 200		$ 300
Long term debt, face amount						157,668				$ 156,647
Payment for repurchase of convertible notes								24,052
Unrealized loss related to a fair market value adjustment						(1,021)
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
4.25% Convertible Senior Notes (due 2018)
Debt Instrument [Line Items]
Long term debt, face amount					$ 100,000	$ 21,178				$ 21,178
Debt instrument, interest rate					4.25%	4.25%				4.25%
Debt instrument, maturity date					Aug. 1, 2018	Jun. 15, 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		$ 12,000					$ 12,000	39,100	$ 6,100
Write-off of debt issuance costs							100		$ 100
Gain recognized on retirement of debt							100
Payment for repurchase of convertible notes							11,600	24,100
4.25% Convertible Senior Notes (due 2018) | Common Stock
Debt Instrument [Line Items]
Debt instrument repurchase amount		$ 11,600					$ 11,600	$ 39,100
Debt instrument shares common stock issued upon conversion		112,400					112,400	2,865,000
3.25% Convertible Senior Notes (due 2020)
Debt Instrument [Line Items]
Long term debt, face amount						$ 23,490				$ 22,469
Debt instrument, interest rate						3.25%				3.25%
3.25% Convertible Senior Notes (due 2020) | Oasis Management and Oasis Investments ll Master Fund Ltd.
Debt Instrument [Line Items]
Long term debt, face amount	$ 21,500
Debt instrument, interest rate	3.25%
Debt instrument, maturity date	Nov. 1, 2020
Conversion rate in share per $1000 principal amount of notes	328.0302
Gain recognized on retirement of debt						$ 600
Unrealized loss related to a fair market value adjustment						(1,000)
Convertible senior note payable, fair value						$ 23,500				$ 22,500

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Income Taxes [Line Items]
Provision for (benefit from) income taxes	$ (2,336)	$ (344)
Effective income tax rate	6.10%	1.80%
U.S. statutory tax rate	21.00%		35.00%

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, 2018	Mar. 31, 2017
Earnings Per Share Disclosure [Line Items]
Net loss available to common stockholders	$ (36,244)	$ (18,316)
Shares used in loss per share	23,100	18,104
Loss per share	$ (1.57)	$ (1.01)

Loss Per Share - Additional Inf

Loss Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Common Stock Equivalents
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially dilutive securities excluded from computation of diluted earnings per common share	24,917,528	22,969,239

Common Stock and Preferred St47

Common Stock and Preferred Stock - Additional Information (Detail)	Apr. 27, 2017USD ($)shares	Jan. 31, 2018USD ($)ExecutiveOfficersDirectorshares	Jun. 30, 2017USD ($)shares	Mar. 31, 2018USD ($)	Jun. 30, 2017USD ($)shares	Mar. 31, 2017USD ($)ExecutiveOfficersDirectorshares	Dec. 31, 2016USD ($)
Class of Stock [Line Items]
Cash dividend paid				$ 0		$ 0
4.25% Convertible Senior Notes (due 2018)
Class of Stock [Line Items]
Amount of convertible notes repurchased and retired			$ 12,000,000		$ 12,000,000	$ 39,100,000	$ 6,100,000
Common Stock | 4.25% Convertible Senior Notes (due 2018)
Class of Stock [Line Items]
Common stock shares issued upon conversion of debt instrument | shares			112,400		112,400	2,865,000
Common stock shares issued upon conversion of debt instrument, value			$ 400,000			$ 15,100,000
Amount of convertible notes repurchased and retired			$ 11,600,000		$ 11,600,000	$ 39,100,000
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
Executive officer
Class of Stock [Line Items]
Restricted stock issued, shares | shares		1,914,894				873,787
Restricted stock issued, value		$ 4,500,000				$ 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		249,480				94,102
Restricted stock issued, value		$ 600,000				$ 500,000
Number of non-employee directors | Director		6				5
Non-employee directors | Hong Kong Meisheng Cultural Co
Class of Stock [Line Items]
Restricted stock issued, shares | shares	13,319
Restricted stock issued, value	$ 100,000
Non-employee directors | Restricted Stock
Class of Stock [Line Items]
Shares of restricted stock, vesting date		2019-01				2018-01
Non-employee directors | Restricted Stock | Hong Kong Meisheng Cultural Co
Class of Stock [Line Items]
Shares of restricted stock, vesting date	2018-01

Joint Ventures - Additional Inf

Joint Ventures - Additional Information (Detail) shares in Millions	1 Months Ended	3 Months Ended			9 Months Ended
	Sep. 30, 2012USD ($)shares	Mar. 31, 2018USD ($)Project	Sep. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Apr. 27, 2017	Oct. 31, 2016	Dec. 31, 2012USD ($)
Schedule of Equity Method Investments [Line Items]
Equity in net income/(loss) of joint venture		$ 22,000		$ 0
Net income (loss) attributable to non-controlling interests		$ 51,000		31,000
Pacific Animation Partners Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture		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
Impairment charge					$ 7,000,000
Issue of warrants (in shares) | shares	1.5
Issue of warrants	$ 7,000,000
Investment in DreamPlay LLC								$ 7,000,000
Percentage of ownership interest in joint venture								5.00%
DreamPlay Toys | Technology Rights
Schedule of Equity Method Investments [Line Items]
Impairment charge			$ 2,900,000
China Joint Venture
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture		51.00%
Net income (loss) attributable to non-controlling interests		$ 51,000,000		31,000,000
Hong Kong Meisheng Cultural Co
Schedule of Equity Method Investments [Line Items]
Percentage of ownership interest in joint venture							50.00%
Net income (loss) attributable to non-controlling interests		$ 0		$ 0
Hong Kong Meisheng Cultural Co | Minimum
Schedule of Equity Method Investments [Line Items]
Ownership percentage						10.00%

Changes in Carrying Amount of G

Changes in Carrying Amount of Goodwill (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Line Items]
Balance at beginning of the period	$ 35,384
Adjustments to goodwill for foreign currency translation	208
Goodwill Ending Balance	$ 35,592

Goodwill - Additional Informati

Goodwill - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)
Goodwill [Line Items]
Goodwill impairment	$ 0

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Acquired Intangible Assets by Major Class [Line Items]
Trademarks, net	$ 300	$ 300
Amortized Intangible Assets, Gross Carrying Amount	60,340	60,340
Amortized Intangible Assets, Accumulated Amortization	(39,317)	(38,150)
Amortized Intangible Assets, Net Amount	$ 21,023	22,190
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	(18,900)	(18,620)
Amortized Intangible Assets, Net Amount	$ 1,230	1,510
Product Lines
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	10 years 4 months 9 days
Amortized Intangible Assets, Gross Carrying Amount	$ 33,858	33,858
Amortized Intangible Assets, Accumulated Amortization	(14,065)	(13,178)
Amortized Intangible Assets, Net Amount	$ 19,793	20,680
Customer relationships
Acquired Intangible Assets by Major Class [Line Items]
Weighted Useful Lives (Years)	4 years 10 months 25 days
Amortized Intangible Assets, Gross Carrying Amount	$ 3,152	3,152
Amortized Intangible Assets, Accumulated Amortization	$ (3,152)	(3,152)
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	$ (3,000)	(3,000)
Non-compete/Employment contracts
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	$ (200)	$ (200)

Components of Comprehensive Inc

Components of Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Condensed Statement of Income Captions [Line Items]
Net loss	$ (36,193)	$ (18,285)
Other comprehensive income:
Foreign currency translation adjustment	1,050	531
Comprehensive loss	(35,143)	(17,754)
Less: Comprehensive income attributable to non-controlling interests	51	31
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (35,194)	$ (17,785)

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2018USD ($)
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation, non-vested restricted stock awards	$ 4.4
Unrecognized compensation, non-vested restricted stock awards expected recognized period	2 years 8 months 23 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	$ 1.8
Unrecognized compensation, non-vested restricted stock awards expected recognized period	2 years 3 months 19 days

Total Share-Based Compensation

Total Share-Based Compensation Expense and Related Tax Benefits Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock compensation expense	$ 676	$ 748
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, 2018$ / sharesshares
Number of Shares
Outstanding at beginning of period | shares	981,208
Awarded | shares	2,164,374
Released | shares	(194,800)
Forfeited | shares	0
Outstanding at end of period | shares	2,950,782
Weighted Average Grant Fair Value
Outstanding at beginning of period | $ / shares	$ 5.15
Awarded | $ / shares	2.35
Released | $ / shares	5.14
Forfeited | $ / shares	0
Outstanding at end of period | $ / shares	$ 3.10

Summary of Restricted Stock Uni

Summary of Restricted Stock Unit Activity (Detail) - Restricted Stock Units (RSUs)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Shares
Outstanding at beginning of period | shares	959,192
Awarded | shares	0
Released | shares	(125,290)
Forfeited | shares	(79,831)
Outstanding at end of period | shares	754,071
Weighted Average Fair Value
Outstanding at beginning of period | $ / shares	$ 5.15
Awarded | $ / shares	0
Released | $ / shares	5.15
Forfeited | $ / shares	5.15
Outstanding at end of period | $ / shares	$ 5.15

Financial Assets Measured at Fa

Financial Assets Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value Measurements, Level 3 | 3.25% Convertible Senior Notes (due 2020)
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Convertible senior notes	$ 23,490	$ 22,469
Cash Equivalents | Fair Value Measurements, Level 1
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Assets measured at fair value on recurring basis	8,169	13,718
Carrying Amount | 3.25% Convertible Senior Notes (due 2020)
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Convertible senior notes	23,490	22,469
Carrying Amount | Cash Equivalents
Schedule Of Servicing Assets At Fair Value And Amortized Value [Line Items]
Assets measured at fair value on recurring basis	$ 8,169	$ 13,718

Reconciliation of Beginning and

Reconciliation of Beginning and Ending Balances of Assets Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Detail) - Fair Value Measurements, Level 3 - Fair Value Measurements, Recurring $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning Balance	$ 22,469
Change in fair value	1,021
Ending Balance	$ 23,490

Liquidity - Additional Informat

Liquidity - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jul. 31, 2013	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents		$ 46,779	$ 64,977	$ 68,032	$ 86,064
Convertible senior notes, principal\ fair value amount		157,668	156,647
4.25% Convertible Senior Notes (due 2018)
Cash and Cash Equivalents [Line Items]
Convertible senior notes, principal\ fair value amount	$ 100,000	$ 21,178	21,178
Line of credit facility, maturity date	Aug. 1, 2018	Jun. 15, 2018
Foreign Subsidiaries
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents		$ 39,700	$ 52,800