JAKKS Pacific (JAKK) 10-Q8 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2024	May 08, 2024
Document Information Line Items
Entity Registrant Name	JAKKS Pacific, Inc.
Trading Symbol	JAKK
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,800,892
Amendment Flag	false
Entity Central Index Key	0001009829
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	0-28104
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4527222
Entity Address, Address Line One	2951 28th Street
Entity Address, City or Town	Santa Monica
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90405
City Area Code	424
Local Phone Number	268-9444
Entity Interactive Data Current	Yes
Title of 12(g) Security	Common Stock $.001 Par Value
Security Exchange Name	NASDAQ

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets
Cash and cash equivalents	$ 35,290	$ 72,350
Restricted cash	202	204
Accounts receivable, net of allowance for credit losses of $4,880 and $3,743 at March 31, 2024 and December 31, 2023, respectively	79,875	123,797
Inventory	46,341	52,647
Prepaid expenses and other assets	19,087	6,374
Total current assets	180,795	255,372
Property and equipment
Office furniture and equipment	9,165	8,852
Molds and tooling	122,153	120,396
Leasehold improvements	6,748	6,708
Total	138,066	135,956
Less accumulated depreciation and amortization	122,694	121,357
Property and equipment, net	15,372	14,599
Operating lease right-of-use assets, net	22,965	23,592
Other long-term assets	2,063	2,162
Deferred income tax assets, net	68,142	68,143
Goodwill	34,997	35,083
Total assets	324,334	398,951
Current liabilities
Accounts payable	31,683	42,177
Accounts payable - Meisheng (related party)	8,689	12,259
Accrued expenses	37,201	45,102
Reserve for sales returns and allowances	27,859	38,531
Income taxes payable	0	3,785
Short-term operating lease liabilities	8,237	7,380
Total current liabilities	113,669	149,234
Long-term operating lease liabilities	15,961	16,666
Accrued expenses – long term	3,183	3,746
Preferred stock derivative liability	0	29,947
Income taxes payable	3,295	3,245
Total liabilities	136,108	202,838
Preferred stock accrued dividends, $0.001 par value; 5,000,000 shares authorized; nil and 200,000 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	0	5,992
Stockholders' Equity
Common stock, $0.001 par value; 100,000,000 shares authorized; 10,800,892 and 10,096,197 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	11	10
Additional paid-in capital	292,024	278,642
Accumulated deficit	(88,117)	(73,612)
Accumulated other comprehensive loss	(16,192)	(15,627)
Total JAKKS Pacific, Inc. stockholders' equity	187,726	189,413
Non-controlling interests	500	708
Total stockholders' equity	188,226	190,121
Total liabilities, preferred stock and stockholders' equity	$ 324,334	$ 398,951

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit losses (in Dollars)	$ 4,880	$ 3,743
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued		200,000
Preferred stock, shares outstanding		200,000
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	10,800,892	10,096,197
Common stock, shares outstanding	10,800,892	10,096,197
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Net sales		$ 90,076	$ 107,484
Cost of sales:
Cost of goods		69,024	76,047
Gross profit		21,052	31,437
Direct selling expenses		8,097	7,741
General and administrative expenses		34,192	27,994
Depreciation and amortization		87	102
Selling, general and administrative expenses		42,376	35,837
Loss from operations		(21,324)	(4,400)
Other income (expense), net		138	438
Change in fair value of preferred stock derivative liability		0	147
Interest income		376	117
Interest expense		(143)	(3,003)
Loss before benefit from income taxes		(20,953)	(6,701)
Benefit from income taxes		(6,728)	(1,383)
Net loss		(14,225)	(5,318)
Net income (loss) attributable to non-controlling interests		280	(5)
Net loss attributable to Jakks Pacific, Inc.		(14,505)	(5,313)
Net loss attributable to common stockholders	[1]	$ (13,175)	$ (5,680)
Loss per share - basic and diluted (in Dollars per share)		$ (1.27)	$ (0.58)
Shares used in loss per share - basic and diluted (in Shares)		10,354	9,871
Comprehensive loss		$ (14,790)	$ (4,986)
Comprehensive loss attributable to JAKKS Pacific, Inc.		(15,070)	(4,981)
Cost of Sales [Member]
Cost of sales:
Cost of goods		53,821	58,304
Royalty [Member]
Cost of sales:
Cost of goods		13,776	16,654
Amortization Of Tools And Mold [Member]
Cost of sales:
Cost of goods		$ 1,427	$ 1,089

[1]Net loss attributable to common stockholders was computed by deducting the difference between the fair value of the consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock and fair value of the related derivative liability of $1.3 million for the three months ended March 31, 2024 and the preferred stock dividend of $0.4 million for the three months ended March 31, 2023.

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Including Portion Attributable to Noncontrolling Interest [Member]	Noncontrolling Interest [Member]	Parent [Member]	Total
Balance at Dec. 31, 2022	$ 10	$ 275,187	$ (112,018)	$ (17,482)	$ 1,001	$ 146,698	$ 145,697
Share-based compensation expense		2,089				2,089	2,089
Repurchase of common stock for employee tax withholding		(1,214)				(1,214)	(1,214)
Preferred stock accrued dividends		(367)				(367)	(367)
Net income (loss)			(5,313)		(5)	(5,318)	(5,313)
Foreign currency translation adjustment				332		332	332
Balance at Mar. 31, 2023	10	275,695	(117,331)	(17,150)	996	142,220	141,224
Balance at Dec. 31, 2023	10	278,642	(73,612)	(15,627)	708	190,121	189,413
New stock issuance	1					1	1
Share-based compensation expense		2,575				2,575	2,575
Non-controlling interests – capital reduction					(488)	(488)
Repurchase of common stock for employee tax withholding		(5,132)				(5,132)	(5,132)
Preferred stock accrued dividends		(390)				(390)	(390)
Preferred stock redemption		16,329				16,329	16,329
Net income (loss)			(14,505)		280	(14,225)	(14,505)
Foreign currency translation adjustment				(565)		(565)	(565)
Balance at Mar. 31, 2024	$ 11	$ 292,024	$ (88,117)	$ (16,192)	$ 500	$ 188,226	$ 187,726

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities
Net loss	$ (14,225)	$ (5,318)
Provision for credit losses	1,126	380
Depreciation and amortization	1,514	1,191
Write-off and amortization of debt discount	0	692
Write-off and amortization of debt issuance costs	79	399
Share-based compensation expense	2,575	2,089
Gain on disposal of property and equipment	2	(18)
Deferred income taxes	1	0
Change in fair value of preferred stock derivative liability	0	(147)
Changes in operating assets and liabilities:
Accounts receivable	42,796	17,220
Inventory	6,306	16,631
Prepaid expenses and other assets	(11,199)	(6,515)
Accounts payable	(10,489)	(4,704)
Accounts payable - Meisheng (related party)	(3,637)	(2,073)
Accrued expenses	(13,521)	(10,992)
Reserve for sales returns and allowances	(10,672)	(10,813)
Income taxes payable	(3,735)	(1,912)
Other liabilities	216	(226)
Total adjustments	1,362	1,202
Net cash used in operating activities	(12,863)	(4,116)
Cash flows from investing activities
Purchases of property and equipment	(2,228)	(3,490)
Investments in employee deferred compensation trusts	(1,407)	0
Proceeds from sale of property and equipment	1	18
Net cash used in investing activities	(3,634)	(3,472)
Cash flows from financing activities
Repurchase of common stock for employee tax withholding	0	(1,214)
Redemption of preferred stock	(20,000)	0
Repayment of 2021 BSP Term Loan	0	(38,719)
Net cash used in financing activities	(20,000)	(39,933)
Net decrease in cash, cash equivalents and restricted cash	(36,497)	(47,521)
Effect of foreign currency translation	(565)	332
Cash, cash equivalents and restricted cash, beginning of period	72,554	85,490
Cash, cash equivalents and restricted cash, end of period	35,492	38,301
Supplemental disclosures of non-cash activities:
Right-of-use assets exchanged for lease liabilities	3,532	0
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net	1,312	550
Cash paid for interest	$ 36	$ 1,906

Cash Flow, Supplemental Disclos

Cash Flow, Supplemental Disclosures	3 Months Ended
Cash Flow, Supplemental Disclosures	Mar. 31, 2024
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures [Text Block]	As of March 31, 2024 and 2023, there was $3.1 million and $2.6 million, respectively, of property and equipment purchases included in accounts payable. As of March 31, 2024 and 2023, the Company had accrued $5.1 million and nil See Notes 5, 6 and 9 for additional supplemental information to the condensed consolidated statements of cash flows.

Basis of Presentation

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2024
Accounting Policies [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	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 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, 2023. 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 JAKKS Pacific Trading 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. In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” In January 2021, the FASB issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” The ASUs provide temporary optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions, for a limited period of time, to ease the potential burden of recognizing the effects of reference rate reform on financial reporting. The amendments in ASU 2020-04 apply to contracts, hedging relationships and other transactions that reference the London Inter-Bank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued due to the global transition away from LIBOR and certain other interbank offered rates. In December 2022, the FASB issued ASU 2022-06 which extended the effective date of the new standard to fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. In Q1 2023, the Company entered into amendments to its 2021 BSP Term Loan Agreement and its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its term loan and revolving line of credit from LIBOR to the Secured Overnight Financing Rate (“SOFR”) (See Note 5 – Debt and Note 6 – Credit Facilities). The adoption of this new accounting standard did not have a material impact on the Company’s condensed consolidated financial statements. In August 2020, the FASB issued ASU 2020-06, “Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity.” The new guidance eliminates two of the three models in ASC 470-20, which required entities to account for beneficial conversion features and cash conversion features in equity, separately from the host convertible debt or preferred stock. As a result, only conversion features accounted for under the substantial premium model in ASC 470-20 and those that require bifurcation in accordance with ASC 815-15 will be accounted for separately. In addition, the amendments in ASU 2020-06 eliminate some of the requirements in ASC 815-40 related to equity classification. The amendments in ASU 2020-06 further revised the guidance in ASC 260, Earnings Per Share (“EPS”), to address how convertible instruments are accounted for in calculating diluted EPS and require enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. The new standard is effective for the Company for fiscal years beginning after December 15, 2023, including interim periods within these fiscal years, with early adoption permitted. The Company adopted ASU 2020-06 on January 1, 2024. The adoption of this new accounting standard did not have a material impact on the Company’s condensed consolidated financial statements. In November 2023, the FASB issued ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” The amendments in this Update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The new standard is effective for the Company for fiscal years beginning after December 15, 2023, and interim periods beginning after December 15, 2024. The Company will adopt ASU 2023-07 in its fourth quarter of 2024. The Company is currently evaluating the impact that the updated disclosure will have on its condensed consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU provides standardization of tax disclosures, primarily related to the rate reconciliation and income taxes paid information. The new standard is effective for the Company for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact that the updated disclosure will have on its condensed consolidated financial statements. No new additional accounting pronouncements were issued or adopted for the three months ended March 31, 2024 that materially impacted the Company.

Business Segments, Geographic D

Business Segments, Geographic Data and Sales by Major Customers	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	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’s segments are (i) Toys/Consumer Products and (ii) Costumes. The Toys/Consumer Products segment includes action figures, vehicles, play sets, plush products, dolls, electronic products, construction toys, infant and pre-school toys, child-sized and hand-held role play toys and everyday costume play, foot-to-floor ride-on vehicles, wagons, novelty toys, seasonal and outdoor products, kids’ indoor and outdoor furniture, and related products. The Costumes segment, under its Disguise branding, designs, develops, markets and sells a wide range of every-day and special occasion dress-up costumes and related accessories in support of Halloween, Carnival, Children’s Day, Book Day/Week, and every-day/any-day costume play. Segment performance is measured at the operating income (loss) level. All sales are made to external customers and general corporate expenses have been attributed to the segments based upon relative sales volumes. Segment assets are primarily comprised of accounts receivable and inventories, net of applicable reserves and allowances, goodwill and other assets. Certain assets which are not tracked by operating segment and/or that benefit multiple operating segments have been allocated on the same basis. Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2024 and 2023 and as of March 31, 2024 and December 31, 2023 are as follows (in thousands): Three Months Ended March 31, 2024 2023 Net Sales Toys/Consumer Products $ 82,910 $ 97,893 Costumes 7,166 9,591 $ 90,076 $ 107,484 Three Months Ended March 31, 2024 2023 Loss from Operations Toys/Consumer Products $ (17,210 ) $ (1,161 ) Costumes (4,114 ) (3,239 ) $ (21,324 ) $ (4,400 ) Three Months Ended March 31, 2024 2023 Depreciation and Amortization Expense Toys/Consumer Products $ 1,499 $ 1,160 Costumes 15 31 $ 1,514 $ 1,191 March 31, December 31, 2024 2023 Assets Toys/Consumer Products $ 298,792 $ 383,812 Costumes 25,542 15,139 $ 324,334 $ 398,951 Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of March 31, 2024 and December 31, 2023 and for the three months ended March 31, 2024 and 2023 (in thousands): March 31, December 31, 2024 2023 Long-lived Assets United States $ 20,916 $ 21,206 China 14,250 13,794 Hong Kong 1,198 1,410 United Kingdom 1,092 892 Italy 813 811 Mexico 52 55 Canada 16 23 $ 38,337 $ 38,191 Three Months Ended March 31, 2024 2023 Net Sales by Customer Area United States $ 70,430 $ 80,443 Latin America 7,996 9,204 Europe 5,735 10,162 Canada 3,370 4,054 Australia & New Zealand 1,346 1,608 Asia 965 1,380 Middle East & Africa 234 633 $ 90,076 $ 107,484 Major Customers Net sales to major customers for the three months ended March 31, 2024 and 2023 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2024 2023 Percentage Percentage Amount of Net Sales Amount of Net Sales Target $ 26,667 29.6 % $ 29,404 27.4 % Walmart 21,294 23.6 23,283 21.7 $ 47,961 53.2 % $ 52,687 49.1 % No other customer accounted for more than 10% of the Company's total net sales. The concentration of the Company’s business with a relatively small number of customers may expose the Company to material adverse effects if one or more of its large customers were to experience financial difficulty. The Company performs ongoing credit evaluations of its top customers and maintains an allowance for potential credit losses.

Inventory

Inventory	3 Months Ended
Inventory	Mar. 31, 2024
Inventory Disclosure [Abstract]
Inventory Disclosure [Text Block]	Note 3 Inventory Inventory, which includes the ex-factory cost of goods, capitalized warehouse costs, and in-bound freight and duty, is valued at the lower of cost or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): March 31, December 31, 2024 2023 Raw materials $ 112 $ 122 Finished goods 46,229 52,525 $ 46,341 $ 52,647 The inventory obsolescence reserve was $10.1 million and $7.7 million as of March 31, 2024 and December 31, 2023, respectively.

Revenue Recognition and Reserve

Revenue Recognition and Reserve for Sales Returns and Allowances	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	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: Toys/Consumer Products and Costumes. The Company further disaggregates revenues by major geographic regions (See Note 2 - Business Segments, Geographic Data and Sales by Major Customers, for further information). The Company offers various discounts, pricing concessions, and other allowances to customers, all of which are considered in determining the transaction price. Certain discounts and allowances are fixed and determinable at the time of sale and are recorded at the time of sale as a reduction to revenue. Other discounts and allowances can vary and are determined at management’s discretion (variable consideration). Specifically, the Company occasionally grants discretionary credits to facilitate markdowns and sales of slow-moving merchandise, and consequently accrues an allowance based on historic credits and management estimates. The Company also participates in cooperative advertising arrangements with some customers, whereby it allows a discount from invoiced product amounts in exchange for customer purchased advertising that features the Company’s products. Generally, these allowances range from 1% to 20% of gross sales, and are generally based upon product purchases or specific advertising campaigns. Such allowances are accrued when the related revenue is recognized. To the extent these cooperative advertising arrangements provide a distinct benefit at fair value, they are accounted for as direct selling expenses, otherwise they are recorded as a reduction to revenue. Further, while the Company generally does not allow product returns, the Company does make occasional exceptions to this policy and consequently records a sales return allowance based upon historic return amounts and management estimates. These allowances (variable consideration) are estimated using the expected value method and are recorded at the time of sale as a reduction to revenue. The Company adjusts its estimate of variable consideration at least quarterly or when facts and circumstances used in the estimation process may change. The variable consideration is not constrained as the Company has sufficient history on the related estimates and does not believe there is a risk of significant revenue reversal. Sales commissions are expensed when incurred as the related revenue is recognized at a point in time and therefore the amortization period is less than one year. As a result, these costs are recorded as direct selling expenses, as incurred. For the three months ended March 31, 2024 and 2023, sales commissions were $0.3 million and $0.6 million, respectively. Shipping and handling activities are considered part of the Company’s obligation to transfer the products and therefore are recorded as direct selling expenses, as incurred. For the three months ended March 31, 2024 and 2023, shipping and handling costs were $1.6 million and $1.9 million, respectively. The Company’s reserve for sales returns and allowances amounted to $27.9 million as of March 31, 2024, compared to $38.5 million as of December 31, 2023. The Company’s net accounts receivable as of March 31, 2024, December 31, 2023 and December 31, 2022 were $79.9 million, $123.8 million and $102.8 million, respectively.

Debt

Debt	3 Months Ended
Debt	Mar. 31, 2024
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	Note 5 Debt Term Loan The Company and certain of its subsidiaries, as borrowers, had entered into a First Lien Term Loan Facility Credit Agreement on June 2, 2021, (the “2021 BSP Term Loan Agreement”) with Benefit Street Partners L.L.C., as Sole Lead Arranger, and BSP Agency, LLC, as agent, for a $99.0 million first-lien secured term loan (the “Initial Term Loan”) and a $19.0 million delayed draw term loan (the “Delayed Draw Term Loan” and collectively, the “2021 BSP Term Loan”). Net proceeds from the issuance of the 2021 BSP Term Loan, after deduction of $2.2 million in closing fees and $0.5 million of other administrative fees paid directly to the lenders, totaled $96.3 million. These fees are amortized over the life of the 2021 BSP Term Loan on a straight-line basis which approximates the effective interest method. Proceeds from the Initial Term Loan, together with available cash from the Company, were used to repay the Company’s former term loan (the “2019 Recap Term Loan” formerly known as the “New Term Loan” in prior filings) under the agreement dated as of August 9, 2019 with Cortland Capital Market Services LLC, as agent for certain investor parties. The Delayed Draw Term Loan provision was designed to provide necessary capital to redeem any of the Company’s outstanding 3.25% convertible senior notes due 2023, upon their maturity, which, upon repayment of the 2019 Recap Term Loan, accelerated to no later than 91 days from the repayment of the 2019 Recap Term Loan, or September 1, 2021. On July 29, 2021, the Company terminated its Delayed Draw Term Loan option as it determined it had sufficient liquidity to fund any outstanding convertible senior notes that remained upon maturity. On June 5, 2023, the Company paid in full the 2021 BSP Term Loan and terminated the 2021 BSP Term Loan Agreement by making a $30.2 million prepayment towards the outstanding principal amount. Additionally, the Company made a $0.4 million payment towards the outstanding accrued interest, and a $0.3 million payment for the prepayment penalty and other related fees. In connection with this transaction, the Company recognized a loss on debt extinguishment of $1.0 million on its condensed consolidated statements of operations. On January 3, 2023, as permitted by the terms within the 2021 BSP Term Loan Agreement, the Company had made a voluntary $15.0 million prepayment towards the outstanding principal amount of the 2021 BSP Term Loan and incurred a $0.2 million prepayment penalty and on March 3, 2023, as required by the terms within the 2021 BSP Term Loan Agreement under the Excess Cash Flow (“ECF”) Sweep provision, the Company had made a mandatory $23.1 million payment towards the outstanding principal amount of the 2021 BSP Term Loan. Amounts outstanding under the 2021 BSP Term Loan bore interest at either (i) LIBOR plus 6.50% - 7.00% (determined by reference to a net leverage pricing grid), subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor. The 2021 BSP Term Loan was termed to mature in June 2027. In January 2023, the Company entered into a second amendment for its 2021 BSP Term Loan Agreement, which transitioned the interest reference rate on its 2021 BSP Term Loan from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the 2021 BSP Term Loan was effective on April 1, 2023. In addition to the transition to SOFR, the amendment also included a constant 0.10% spread adjustment until the maturity of the 2021 BSP Term Loan. The 2021 BSP Term Loan Agreement contained negative covenants that, subject to certain exceptions, limited the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge its assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Commencing with the fiscal quarter ending June 30, 2021, the Company was required to maintain a Net Leverage Ratio of 4:00x, with step-downs occurring each fiscal year starting with the quarter ending March 31, 2022 through the quarter ending September 30, 2024 in which the Company was required to maintain a Net Leverage Ratio of 3:00x. On April 26, 2022, the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause was to be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount was to be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount was in no event to be reduced below $15.0 million. The 2021 BSP Term Loan Agreement contained events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, nonpayment of interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults and a change of control as specified in the 2021 BSP Term Loan Agreement. If an event of default occurred, the maturity of the amounts owed under the 2021 BSP Term Loan Agreement might have been accelerated. The obligations under the 2021 BSP Term Loan Agreement were guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and were secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens and subject to the priority lien granted under the JPMorgan ABL Credit Agreement (see Note 10 – Credit Facility). The agent and Sole Lead Arranger under the 2021 BSP Term Loan were affiliates of an affiliate of the Company, which affiliate, at the time of refinancing, owned common stock, and the 3.25% convertible senior notes due 2023 of the Company as well as the Company’s outstanding Series A Preferred Stock (see Note 16 – Related Party Transactions). The fair value of the Company’s 2021 BSP Term Loan was considered Level 3 fair value (see Note 15 – Fair Value Measurements for further discussion of the fair value hierarchy) and was measured using the discounted future cash flow method. In addition to the debt terms, the valuation methodology included an assumption of a discount rate that approximated the current yield on a debt security with comparable risk. This assumption was considered an unobservable input in that it reflected the Company’s own assumptions about the inputs that market participants would use in pricing the asset or liability. The Company believed that this was the best information available for use in the fair value measurement.

Credit Facilities

Credit Facilities	3 Months Ended
Credit Facilities	Mar. 31, 2024
Credit Facilities Abstract
Credit Facilities [Text Block]	Note 6 Credit Facilities JPMorgan Chase On June 2, 2021, the Company and certain of its subsidiaries, as borrowers, entered into a Credit Agreement (the “JPMorgan ABL Credit Agreement”), with JPMorgan Chase Bank, N.A., as agent and lender for a $67,500,000 senior secured revolving credit facility (the “JPMorgan ABL Facility”). The JPMorgan ABL Credit Agreement replaced the Company’s existing asset-based revolving credit agreement, dated as of March 27, 2014 (the “Wells Fargo ABL Facility,” formerly known as the “Amended ABL Facility” in prior filings), with General Electric Capital Corporation, since assigned to Wells Fargo Bank, National Association. The Company pays a commitment fee (0.25% - 0.375%) based on the unused portion of the revolving credit facility. Any amounts borrowed under the JPMorgan ABL Facility bore interest at either (i) LIBOR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor). The JPMorgan ABL Facility matures in June 2026. of March 31, 2024 the weighted average interest rate on the credit facility with JPMorgan Chase Bank was nil In March 2023, the Company entered into a first amendment for its JPMorgan ABL Credit Agreement, which transitioned the interest reference rate on its JPMorgan ABL Facility from LIBOR to the Secured Overnight Financing Rate (“SOFR”). The new interest reference rate for the ABL Facility became effective on March 16, 2023. Any amounts borrowed under the JPMorgan ABL Facility will bear interest at either (i) SOFR plus 1.50% - 2.00% (determined by reference to an excess availability pricing grid) plus a constant 0.10% spread adjustment or (ii) Alternate Base Rate plus 0.50% - 1.00% (determined by reference to an excess availability pricing grid and base rate subject to a 1.00% floor). The JPMorgan ABL Credit Agreement contains negative covenants that, subject to certain exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. Under certain circumstances the Company is also subject to a springing fixed charge coverage ratio covenant of not less than 1.1 to 1.0, as described in more detail in the JPMorgan ABL Credit Agreement. The JPMorgan ABL Credit Agreement contains events of default that are customary for a facility of this nature, including (subject in certain cases to grace periods and thresholds) nonpayment of principal, interest, fees or other amounts, material inaccuracy of representations and warranties, violation of covenants, cross-default to certain other existing indebtedness, bankruptcy or insolvency events, certain judgment defaults, loss of liens or guarantees and a change of control as specified in the JPMorgan ABL Credit Agreement. If an event of default occurs, the commitments of the lenders to lend under the JPMorgan ABL Credit Agreement may be terminated and the maturity of the amounts owed may be accelerated. The obligations under the JPMorgan ABL Credit Agreement are guaranteed by the Company, the subsidiary borrowers thereunder and certain of the other existing and future direct and indirect subsidiaries of the Company and are secured by substantially all of the assets of the Company, the subsidiary borrowers thereunder and such other subsidiary guarantors, in each case, subject to certain exceptions and permitted liens. As of March 31, 2024, the amount of outstanding borrowings was nil As of March 31, 2024, off-balance sheet arrangements include letters of credit issued by JPMorgan of $9.4 million. Amortization expense classified as interest expense related to the $1.6 million of debt issuance costs associated with the transaction that closed on June 2, 2021 (i.e., JPMorgan ABL Credit Agreement) was $0.1 million for the three months ended March 31, 2024 and March 31, 2023. As of March 31, 2024, the Company was in compliance with the financial covenants under the JPMorgan ABL Credit Agreement.

Income Taxes

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Note 7 Income Taxes The Company’s income tax benefit of $6.7 million for the three months ended March 31, 2024, reflects an effective tax (benefit) rate of 32.1%. The Company’s income tax benefit of $1.4 million for the three months ended March 31, 2023, reflects an effective tax (benefit) rate of 20.6%. The tax benefit for the three months ended March 31, 2024 and 2023 primarily relates to discrete items and the tax benefit related to the overall worldwide loss (i.e. federal, state, and foreign).

Loss Per Share

Loss Per Share	3 Months Ended
Loss Per Share	Mar. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	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 Loss per share - basic and diluted 2024 2023 Net loss $ (14,225 ) $ (5,318 ) Net income (loss) attributable to non-controlling interests 280 (5 ) Net loss attributable to JAKKS Pacific, Inc. (14,505 ) (5,313 ) Preferred stock dividend * — 367 Redemption of preferred stock 1,330 — Net loss attributable to common stockholders ** $ (13,175 ) $ (5,680 ) Weighted average common shares outstanding - basic and diluted 10,354 9,871 Loss per share available to common stockholder - basic and diluted $ (1.27 ) $ (0.58 ) * The 200,000 shares issued and outstanding as of March 31, 2023 are non-participating. A preferred dividend of $0.4m was accrued for Q1 2024 and included in the preferred stock redemption. ** Net loss attributable to common stockholders was computed by deducting the difference between the fair value of the consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock and fair value of the related derivative liability of $1.3 million for the three months ended March 31, 2024 and the preferred stock dividend of $0.4 million for the three months ended March 31, 2023. Basic loss per share is calculated using the weighted average number of common shares outstanding during the period. Diluted loss per share is calculated using the weighted average number of common shares and common share equivalents outstanding during the period (which consist of restricted stock units to the extent they are dilutive). Potentially dilutive restricted stock units of 545,145 and 494,106 for the three months ended March 31, 2024 and 2023, respectively, were excluded from the computation of diluted loss per share since they would have been anti-dilutive.

Common Stock and Preferred Stoc

Common Stock and Preferred Stock	3 Months Ended
Common Stock and Preferred Stock	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Equity [Text Block]	Note 9 Common Stock and Preferred Stock Common Stock All issuances of common stock, including those issued pursuant to restricted stock or unit grants, are issued from the Company’s authorized but not issued and outstanding shares. During 2023, certain employees, including three executive officers, surrendered an aggregate of 157,019 shares of restricted stock units for $3.1 million to cover income taxes due for the vesting of restricted shares. Additionally, an aggregate of 34,588 shares of restricted stock granted in 2021 and 2022 with a value of approximately $0.6 million was forfeited during 2023. During 2024, certain employees, including three executive officers, surrendered an aggregate of 147,612 shares of restricted stock units for $5.1 million to cover income taxes due for the vesting of restricted shares. Additionally, an aggregate of 13,714 shares of restricted stock granted in 2022 and 2023 with a value of approximately $0.2 million was forfeited during 2024. No dividend was declared or paid in 2024 and 2023. At the Market Offering On July 1, 2022, the Company entered into an At the Market Issuance Sales Agreement (“ATM Agreement”) with B. Riley, as agent pursuant to which the Company may, from time to time, sell shares of its common stock, up to $75 million of common stock, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering. As of March 31, 2024, the Company did not sell any shares of common stock under the ATM Agreement. The Company has on file with the SEC an effective registration statement pursuant to which it may issue, from time to time, up to $150 million of securities (which will be reduced by any amount of securities sold pursuant to the ATM Agreement) consisting of, or any combination of, common stock, preferred stock, debt securities, warrants, rights and/or units, in one or more offerings in amounts, prices and at terms that the Company will determine at the time of the offering. As of March 31, 2024, the Company has not sold any securities pursuant to its shelf registration statement. Redeemable Preferred Stock On August 9, 2019, the Company entered into and consummated multiple, binding definitive agreements (collectively, the “Recapitalization Transaction”) among various investor parties to recapitalize the Company’s balance sheet. In connection with the Recapitalization Transaction, the Company issued 200,000 shares of Series A Senior Preferred Stock (the “Series A Preferred Stock”), $0.001 par value per share, to the Investor Parties (the “New Preferred Equity”). On March 11, 2024, the Company redeemed all of the outstanding shares of Series A Senior Preferred Stock for an aggregate price of $20.0 million cash and 571,295 of its common shares, representing a value of $15.0 million based on a share price of $26.26, settling the preferred stock derivative liability of $29.9 million and the preferred stock accrued dividends of $6.0 million as of December 31, 2023. Each share of Series A Preferred Stock has an initial value of $100 per share, which is automatically increased for any accrued and unpaid dividends (the “Accreted Value”). The Series A Preferred Stock has the right to receive dividends on a quarterly basis equal to 6.0% per annum, payable in cash or, if not paid in cash, by an automatic accretion of the Series A Preferred Stock. No cash dividends had been declared or paid. Prior to the redemption, for the three months ended March 31, 2024 and 2023, the Company recorded $0.4 million and $1.1 million, respectively, of preferred stock dividends as an increase in the value of the Series A Preferred Stock. The Series A Preferred Stock has no stated maturity, however, the Company has the right to redeem all or a portion of the Series A Preferred Stock at its Liquidation Preference (as defined below) at any time after payment in full of the 2019 Recap Term Loan. In addition, upon the occurrence of certain change of control type events, holders of the Series A Preferred Stock are entitled to receive an amount (the “Liquidation Preference”), in preference to holders of Common Stock or other junior stock, equal to (i) 20% of the Accreted Value in the case of a certain specified transaction, or (ii) otherwise, 150% of the Accreted value, plus any accrued and unpaid dividends. The Company has the right, but is not required, to repurchase all or a portion of the Series A Preferred Stock at its Liquidation Preference at any time after payment in full of the 2019 Recap Term Loan. The Series A Preferred Stock does not have any voting rights, except to the extent required by the Delaware General Corporation Law, except for the exclusive right to elect the Series A Preferred Directors (as described below) and except for certain approval rights over certain transactions (as described below). These approval rights require the prior consent of specified percentages of holders (or in certain cases, all holders) of the Series A Preferred Stock in order for the Company to take certain actions, including the issuance of additional shares of Series A Preferred Stock or parity stock, the issuance of senior stock, certain amendments to the Amended and Restated Certificate of Incorporation, the Certificate of Designations of the Series A Preferred Stock (the “Certificate of Designations”), the Second Amended and Restated By-laws or the Amended and Restated Nominating and Corporate Governance Committee Charter, material changes in the Company’s line of business and certain change of control type transactions. In addition, the Certificate of Designations provides that the approval of at least six directors is required for any related person transaction within the meaning of Item 404 of Regulation S-K under the Securities Act of 1933, as amended, including, without limitation, the adoption of, or any amendment, modification or waiver of, any agreement or arrangement related to any such transaction. The Certificate of Designations also includes restrictions on the ability of the Company to pay dividends on or make distributions with respect to, or redeem or repurchase, shares of Common Stock or other junior stock. In addition, holders of the Series A Preferred Stock have preemptive rights regarding future issuance of Series A Preferred Stock or parity stock. In 2022, an agreement was reached with the preferred shareholders to eliminate their ability to elect members to the Company’s Board of Directors on a going-forward basis. The Series A Preferred Stock redemption amount is contingent upon certain events with no stated redemption date as of the reporting date, although may become redeemable in the future. In accordance with the SEC guidance within ASC Topic 480, Distinguishing Liabilities from Equity: Classification and Measurement of Redeemable Securities Under ASC 815, Derivatives and Hedging The embedded redemption upon a change of control must be accounted for separately from the Series A Preferred Stock. The redemption provision specifies if certain events that constitute a change of control occur, the Company may be required to settle the Series A Preferred Stock at 150% of its accreted amount. Accordingly, the redemption provision meets the definition of a derivative, and its economic characteristics are not considered clearly and closely related to the economic characteristics of the Series A Preferred Stock, and is more akin to a debt instrument than equity. The Company considers the repurchase option to have no value as the likelihood is remote that this event, within the Company’s control, would ever occur. The liability is accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations (see Note 15 – Fair Value Measurement). The value of the redemption provision explicitly considered the present value of the potential premium that would be paid related to, and the probability of, an event that would trigger its payment. The probability of a triggering event was based on management’s estimates of the probability of a change of control event occurring. Accordingly, these two embedded derivatives are accounted for separately from the Series A Preferred Stock at fair value. As of March 31, 2024, the Company had redeemed all of the outstanding shares of the Series A Preferred Stock. As of December 31, 2023, the Series A Preferred Stock was recorded in temporary equity at the amount of accrued, but unpaid dividends of $6.0 million, and the redemption provision, as a bifurcated derivative, was recorded as a long-term liability with an estimated value of $29.9 million. As of December 31, 2023, the Series A Preferred Stock had a carrying value of $26.0 million and a liquidation value of $39.0 million. The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity: 2024 2023 Balance, January 1, $ 5,992 $ 4,490 Preferred stock accrued dividends 390 367 Preferred stock redemption (6,382 ) — Balance, March 31, $ — $ 4,857

Joint Ventures

Joint Ventures	3 Months Ended
Joint Ventures	Mar. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	Note 10 Joint Ventures In November 2014, the Company entered into a joint venture with Meisheng Culture & Creative Corp. Ltd., (“MC&C”), for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China. On May 10, 2023, the Company dissolved the joint venture with MC&C. Prior to the dissolution, the Company owned fifty-one percent of the joint venture. The results of operations of the joint venture are consolidated with the Company's results. The non-controlling interests incurred a gain of $280,000 and a loss $5,000 for the three months ended March 31, 2024 and 2023, respectively.

Goodwill

Goodwill	3 Months Ended
Goodwill	Mar. 31, 2024
Disclosure Text Block Supplement [Abstract]
Goodwill Disclosure [Text Block]	Note 11 Goodwill The Company applies a fair value-based impairment test to the carrying value of goodwill and indefinite-lived intangible assets on an annual basis and, on an interim basis, if certain events or circumstances indicate that an impairment loss may have been incurred. Goodwill impairment exists when the estimated fair value of goodwill is less than its carrying value. For the three months ended March 31, 2024, there were no events or circumstances that indicated that an impairment loss may have been incurred.

Comprehensive Loss

Comprehensive Loss	3 Months Ended
Comprehensive Loss	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) Note [Text Block]	Note 12 Comprehensive Loss The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2024 and 2023 (in thousands): Three Months Ended March 31, 2024 2023 Net loss $ (14,225 ) $ (5,318 ) Other comprehensive income (loss): Foreign currency translation adjustment (565 ) 332 Comprehensive loss (14,790 ) (4,986 ) Less: Comprehensive loss attributable to non-controlling interests 280 (5 ) Comprehensive loss attributable to JAKKS Pacific, Inc. $ (15,070 ) $ (4,981 )

Litigation and Contingencies

Litigation and Contingencies	3 Months Ended
Litigation and Contingencies	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 13 Litigation and Contingencies The Company is a party to, and certain of its property is the subject of, various pending claims and legal proceedings that routinely arise in the ordinary course of its business. The Company accrues for losses when the loss is deemed probable and the liability can reasonably be estimated. Where a liability is probable and there is a range of estimated loss with no best estimate in the range, the Company records the minimum estimated liability related to the claim. As additional information becomes available, the Company assesses the potential liability related to its pending litigation and revises its estimates. In the normal course of business, the Company may provide certain indemnifications and/or other commitments of varying scope to a) its licensors, customers and certain other parties, including against third-party claims of intellectual property infringement, and b) its officers, directors and employees, including against third-party claims regarding the periods in which they serve in such capacities with the Company. The duration and amount of such obligations is, in certain cases, indefinite. The Company's director’s and officer’s liability insurance policy may, however, enable it to recover a portion of any future payments related to its officer, director or employee indemnifications. For the past five years, costs related to director and officer indemnifications have not been significant. Other than certain liabilities recorded in the normal course of business related to royalty payments due to the Company's licensors, no liabilities have been recorded for indemnifications and/or other commitments.

Share-Based Payments

Share-Based Payments	3 Months Ended
Share-Based Payments	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement [Text Block]	Note 14 Share-Based Payments The Company’s 2002 Stock Award and Incentive Plan (the “Plan”), as amended, provides for the awarding of stock options, restricted stock and restricted stock units to certain key employees, executive officers and non-employee directors. Current awards under the Plan include grants to executive officers and certain key employees of restricted stock units, with vesting contingent upon the completion of specified service periods ranging from one to four years and/or (b) meeting certain financial performance and/or market-based metrics. Shares for the restricted stock units are not issued until they vest. The following table summarizes the total share-based compensation expense recognized for the three months ended March 31, 2024 and 2023 (in thousands) Three Months Ended March 31, 2024 2023 Share-based compensation expense $ 2,575 $ 2,089 Restricted Stock Units Restricted stock unit activity (including those with performance-based vesting criteria) for the three months ended March 31, 2024 is summarized as follows: Restricted Stock Units Number of Shares Weighted Average Grant Date Fair Value Outstanding, December 31, 2023 1,306,406 $ 16.47 Granted 123,134 35.55 Vested (280,996 ) 11.78 Forfeited (13,714 ) 14.02 Outstanding, March 31, 2024 1,134,830 19.86 As of March 31, 2024, there was $17.1 million of total unrecognized compensation cost related to non-vested restricted stock units, which is expected to be recognized over a weighted-average period of 2.2 years. As of March 31, 2024, the fair market value of non-vested restricted stock units was $28.0 million.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
Fair Value Measurements	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 15 Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Company uses various methods including market, income and cost approaches. Based upon these approaches, the Company often utilizes certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and/or the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market-corroborated, or unobservable inputs. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based upon observable inputs used in the valuation techniques, the Company is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values into three broad levels as follows: Level 1: Valuations for assets and liabilities traded in active markets from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2: Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third-party pricing services for identical or similar assets or liabilities. Level 3: Valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. In instances where the determination of the fair value measurement is based upon inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based upon the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. The following tables summarize the Company's financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 (in thousands): Fair Value Measurements Carrying Amount as of As of December 31, 2023 March 31, 2024 Level 1 Level 2 Level 3 Money market funds $ 7,101 $ 7,101 $ — $ — Investments in employee deferred compensation trusts 1,407 1,407 — — Fair Value Measurements Carrying Amount as of As of December 31, 2023 December 31, 2023 Level 1 Level 2 Level 3 Money market funds $ 45,130 $ 45,130 $ — $ — Investments in employee deferred compensation trusts 41 41 — — Preferred stock derivative liability 29,947 — — 29,947 The following tables provide a reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): Preferred stock derivative liability 2024 2023 Balance, January 1, $ 29,947 $ 21,918 Change in fair value — (147 ) Extinguishment through redemption of preferred stock (29,947 ) — Balance, March 31, $ — $ 21,771 The Company’s Series A Preferred derivative liability was classified within Level 3 of the fair value hierarchy because unobservable inputs were used in estimating the fair value. The fair value of the redemption provision embedded in the Series A Preferred Stock is estimated based on a discounted cash flow model and probability assumptions based on management’s estimates of a change of control event occurring. The value of the redemption provision explicitly considered the present value of the potential premium that would be paid related to, and the probability of, an event that would trigger its payment. In subsequent periods, the derivative liability was accounted for at fair value, with changes in fair value recognized as other income (expense) on the Company's condensed consolidated statements of operations. The following table provides quantitative information of liabilities measured at fair value and the significant unobservable inputs (Level 3), the range of the significant unobservable inputs, and the valuation techniques. The preferred stock derivative liability was extinguished on March 11, 2024. Fair Value As of December 31, 2023 Valuation Technique Unobservable Inputs Range (Weighted Average) (In thousands) Preferred Stock Derivative Liability $ 29,947 Discounted Cash Flow Change-in-control probability assumptions Range: 0% to 100% Timing of change-in-control assumptions Range: 1 to 10 years Discount Rate Range: 8% to 10% Market yield* 6.3%* *Represents the hypothetical market yield The Company’s cash and cash equivalents including restricted cash, accounts receivable, accounts payable, and accrued expenses represent financial instruments. The carrying value of these financial instruments is a reasonable approximation of fair value due to the short-term nature of the instruments.

Related Party Transactions

Related Party Transactions	3 Months Ended
Related Party Transactions	Mar. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 16 Related Party Transactions In November 2014, the Company entered into a joint venture with MC&C for the purpose of providing certain JAKKS licensed and non-licensed toys and consumer products to agreed-upon territories of the People’s Republic of China (see Note 10 – Joint Ventures). In October 2016, the Company entered into a joint venture with Hong Kong Meisheng Cultural Company Limited, a Hong Kong-based subsidiary of Meisheng Culture & Creative Corp, for the purpose of creating and developing original, multiplatform content for children including new short-form series and original shows. On December 1, 2023, the Company dissolved the joint venture with Meisheng. Prior to the dissolution, JAKKS and Meisheng each owned fifty percent of the joint venture. In March 2017, the Company entered into an equity purchase agreement with Meisheng which provided, among other things, that as long as Meisheng and its affiliates hold 10% or more of the issued and outstanding shares of common stock of the Company, Meisheng shall have the right from time to time to designate a nominee (who currently is Mr. Xiaoqiang Zhao) for election to the Company’s board of directors. Meisheng also serves as a significant manufacturer of the Company. For the three months ended March 31, 2024 and 2023, the Company made inventory-related payments to Meisheng of approximately $14.9 million and $9.3 million, respectively. As of March 31, 2024 and December 31, 2023, amounts due to Meisheng for inventory received by the Company, but not paid totaled $8.7 million and $12.3 million, respectively.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	3 Months Ended
Prepaid Expenses and Other Assets	Mar. 31, 2024
Disclosure Text Block Supplement [Abstract]
Other Current Assets [Text Block]	Note 17 Prepaid Expenses and Other Assets Prepaid expenses and other assets as of March 31 ,2024 and December 31, 2023 consist of the following (in thousands): March 31, December 31, Royalty advances $ 6,964 $ 1,450 Income tax receivable 6,533 2,672 Prepaid expenses 3,844 1,724 Other assets 1,461 243 Employee retention credit 285 285 Prepaid expenses and other assets $ 19,087 $ 6,374

Business Segments, Geographic_2

Business Segments, Geographic Data and Sales by Major Customers (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	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, 2024 and 2023 and as of March 31, 2024 and December 31, 2023 are as follows (in thousands): Three Months Ended March 31, 2024 2023 Net Sales Toys/Consumer Products $ 82,910 $ 97,893 Costumes 7,166 9,591 $ 90,076 $ 107,484 Three Months Ended March 31, 2024 2023 Loss from Operations Toys/Consumer Products $ (17,210 ) $ (1,161 ) Costumes (4,114 ) (3,239 ) $ (21,324 ) $ (4,400 ) Three Months Ended March 31, 2024 2023 Depreciation and Amortization Expense Toys/Consumer Products $ 1,499 $ 1,160 Costumes 15 31 $ 1,514 $ 1,191 March 31, December 31, 2024 2023 Assets Toys/Consumer Products $ 298,792 $ 383,812 Costumes 25,542 15,139 $ 324,334 $ 398,951
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of March 31, 2024 and December 31, 2023 and for the three months ended March 31, 2024 and 2023 (in thousands): March 31, December 31, 2024 2023 Long-lived Assets United States $ 20,916 $ 21,206 China 14,250 13,794 Hong Kong 1,198 1,410 United Kingdom 1,092 892 Italy 813 811 Mexico 52 55 Canada 16 23 $ 38,337 $ 38,191 Three Months Ended March 31, 2024 2023 Net Sales by Customer Area United States $ 70,430 $ 80,443 Latin America 7,996 9,204 Europe 5,735 10,162 Canada 3,370 4,054 Australia & New Zealand 1,346 1,608 Asia 965 1,380 Middle East & Africa 234 633 $ 90,076 $ 107,484
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]	Net sales to major customers for the three months ended March 31, 2024 and 2023 were as follows (in thousands, except for percentages): Three Months Ended March 31, 2024 2023 Percentage Percentage Amount of Net Sales Amount of Net Sales Target $ 26,667 29.6 % $ 29,404 27.4 % Walmart 21,294 23.6 23,283 21.7 $ 47,961 53.2 % $ 52,687 49.1 %

Inventory (Tables)

Inventory (Tables)	3 Months Ended
Inventory (Tables)	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory, Current [Table Text Block]	Inventory, which includes the ex-factory cost of goods, capitalized warehouse costs, and in-bound freight and duty, is valued at the lower of cost or net realizable value, net of inventory obsolescence reserve, and consists of the following (in thousands): March 31, December 31, 2024 2023 Raw materials $ 112 $ 122 Finished goods 46,229 52,525 $ 46,341 $ 52,647

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
Loss Per Share (Tables)	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	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 Loss per share - basic and diluted 2024 2023 Net loss $ (14,225 ) $ (5,318 ) Net income (loss) attributable to non-controlling interests 280 (5 ) Net loss attributable to JAKKS Pacific, Inc. (14,505 ) (5,313 ) Preferred stock dividend * — 367 Redemption of preferred stock 1,330 — Net loss attributable to common stockholders ** $ (13,175 ) $ (5,680 ) Weighted average common shares outstanding - basic and diluted 10,354 9,871 Loss per share available to common stockholder - basic and diluted $ (1.27 ) $ (0.58 ) * The 200,000 shares issued and outstanding as of March 31, 2023 are non-participating. A preferred dividend of $0.4m was accrued for Q1 2024 and included in the preferred stock redemption. ** Net loss attributable to common stockholders was computed by deducting the difference between the fair value of the consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock and fair value of the related derivative liability of $1.3 million for the three months ended March 31, 2024 and the preferred stock dividend of $0.4 million for the three months ended March 31, 2023.

Common Stock and Preferred St_2

Common Stock and Preferred Stock (Tables)	3 Months Ended
Common Stock and Preferred Stock (Tables)	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Temporary Equity [Table Text Block]	The following table provides a reconciliation of the beginning and ending balances of the Series A Preferred Stock, which is recorded in temporary equity: 2024 2023 Balance, January 1, $ 5,992 $ 4,490 Preferred stock accrued dividends 390 367 Preferred stock redemption (6,382 ) — Balance, March 31, $ — $ 4,857

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	3 Months Ended
Comprehensive Loss (Tables)	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
Comprehensive Income (Loss) [Table Text Block]	The table below presents the components of the Company’s comprehensive loss for the three months ended March 31, 2024 and 2023 (in thousands): Three Months Ended March 31, 2024 2023 Net loss $ (14,225 ) $ (5,318 ) Other comprehensive income (loss): Foreign currency translation adjustment (565 ) 332 Comprehensive loss (14,790 ) (4,986 ) Less: Comprehensive loss attributable to non-controlling interests 280 (5 ) Comprehensive loss attributable to JAKKS Pacific, Inc. $ (15,070 ) $ (4,981 )

Share-Based Payments (Tables)

Share-Based Payments (Tables)	3 Months Ended
Share-Based Payments (Tables)	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	The following table summarizes the total share-based compensation expense recognized for the three months ended March 31, 2024 and 2023 (in thousands) Three Months Ended March 31, 2024 2023 Share-based compensation expense $ 2,575 $ 2,089
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	Restricted stock unit activity (including those with performance-based vesting criteria) for the three months ended March 31, 2024 is summarized as follows: Restricted Stock Units Number of Shares Weighted Average Grant Date Fair Value Outstanding, December 31, 2023 1,306,406 $ 16.47 Granted 123,134 35.55 Vested (280,996 ) 11.78 Forfeited (13,714 ) 14.02 Outstanding, March 31, 2024 1,134,830 19.86

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following tables summarize the Company's financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 and December 31, 2023 (in thousands): Fair Value Measurements Carrying Amount as of As of December 31, 2023 March 31, 2024 Level 1 Level 2 Level 3 Money market funds $ 7,101 $ 7,101 $ — $ — Investments in employee deferred compensation trusts 1,407 1,407 — — Fair Value Measurements Carrying Amount as of As of December 31, 2023 December 31, 2023 Level 1 Level 2 Level 3 Money market funds $ 45,130 $ 45,130 $ — $ — Investments in employee deferred compensation trusts 41 41 — — Preferred stock derivative liability 29,947 — — 29,947
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following tables provide a reconciliation of the beginning and ending balances of liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands): Preferred stock derivative liability 2024 2023 Balance, January 1, $ 29,947 $ 21,918 Change in fair value — (147 ) Extinguishment through redemption of preferred stock (29,947 ) — Balance, March 31, $ — $ 21,771
Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Table Text Block]	The following table provides quantitative information of liabilities measured at fair value and the significant unobservable inputs (Level 3), the range of the significant unobservable inputs, and the valuation techniques. Fair Value As of December 31, 2023 Valuation Technique Unobservable Inputs Range (Weighted Average) (In thousands) Preferred Stock Derivative Liability $ 29,947 Discounted Cash Flow Change-in-control probability assumptions Range: 0% to 100% Timing of change-in-control assumptions Range: 1 to 10 years Discount Rate Range: 8% to 10% Market yield* 6.3%* *Represents the hypothetical market yield

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	3 Months Ended
Prepaid Expenses and Other Assets (Tables)	Mar. 31, 2024
Disclosure Text Block Supplement [Abstract]
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]	Prepaid expenses and other assets as of March 31 ,2024 and December 31, 2023 consist of the following (in thousands): March 31, December 31, Royalty advances $ 6,964 $ 1,450 Income tax receivable 6,533 2,672 Prepaid expenses 3,844 1,724 Other assets 1,461 243 Employee retention credit 285 285 Prepaid expenses and other assets $ 19,087 $ 6,374

Cash Flow, Supplemental Discl_2

Cash Flow, Supplemental Disclosures (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Supplemental Cash Flow Elements [Abstract]
Purchase of property and equipment incurred	$ 3.1	$ 2.6
Other Employee-related Liabilities, Current	$ 5.1

Business Segments, Geographic_3

Business Segments, Geographic Data and Sales by Major Customers (Details) - Schedule of Segment Reporting Information, by Segment - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Net Sales	$ 90,076	$ 107,484
Income (loss) from Operations	(21,324)	(4,400)
Depreciation and Amortization Expense	1,514	1,191
Assets	324,334		$ 398,951
Toys/Consumer Products [Member]
Segment Reporting Information [Line Items]
Net Sales	82,910	97,893
Income (loss) from Operations	(17,210)	(1,161)
Depreciation and Amortization Expense	1,499	1,160
Assets	298,792		383,812
Costumes [Member]
Segment Reporting Information [Line Items]
Net Sales	7,166	9,591
Income (loss) from Operations	(4,114)	(3,239)
Depreciation and Amortization Expense	15	$ 31
Assets	$ 25,542		$ 15,139

Business Segments, Geographic_4

Business Segments, Geographic Data and Sales by Major Customers (Details) - Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Long-lived Assets
Long-lived Assets	$ 38,337		$ 38,191
Net Sales by Customer Area
Net Sales	90,076	$ 107,484
UNITED STATES
Long-lived Assets
Long-lived Assets	20,916		21,206
Net Sales by Customer Area
Net Sales	70,430	80,443
CHINA
Long-lived Assets
Long-lived Assets	14,250		13,794
HONG KONG
Long-lived Assets
Long-lived Assets	1,198		1,410
UNITED KINGDOM
Long-lived Assets
Long-lived Assets	1,092		892
ITALY
Long-lived Assets
Long-lived Assets	813		811
MEXICO
Long-lived Assets
Long-lived Assets	52		55
CANADA
Long-lived Assets
Long-lived Assets	16		$ 23
Net Sales by Customer Area
Net Sales	3,370	4,054
Latin America [Member]
Net Sales by Customer Area
Net Sales	7,996	9,204
Europe [Member]
Net Sales by Customer Area
Net Sales	5,735	10,162
Australia and New Zealand [Member]
Net Sales by Customer Area
Net Sales	1,346	1,608
Asia [Member]
Net Sales by Customer Area
Net Sales	965	1,380
Middle East and Africa [Member]
Net Sales by Customer Area
Net Sales	$ 234	$ 633

Business Segments, Geographic_5

Business Segments, Geographic Data and Sales by Major Customers (Details) - Schedule of Revenue by Major Customers by Reporting Segments - Revenue Benchmark [Member] - Customer Concentration Risk [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Target [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 26,667	$ 29,404
Percentage of Net Sales from Major Customer	29.60%	27.40%
Wal Mart [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 21,294	$ 23,283
Percentage of Net Sales from Major Customer	23.60%	21.70%
Major Customers [Member]
Revenue, Major Customer [Line Items]
Net Sales	$ 47,961	$ 52,687
Percentage of Net Sales from Major Customer	53.20%	49.10%

Inventory (Details)

Inventory (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory Valuation Reserves	$ 10.1	$ 7.7

Inventory (Details) - Schedule

Inventory (Details) - Schedule of Inventory, Current - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Schedule Of Inventory Current Abstract
Raw materials	$ 112	$ 122
Finished goods	46,229	52,525
Inventory, net	$ 46,341	$ 52,647

Revenue Recognition and Reser_2

Revenue Recognition and Reserve for Sales Returns and Allowances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Revenue Recognition and Reserve for Sales Returns and Allowances (Details) [Line Items]
Sales Commissions and Fees	$ 300	$ 600
Selling Expense	8,097	7,741
Sales reserves and allowances	27,900		$ 38,500
Accounts Receivable, after Allowance for Credit Loss	79,900		$ 123,800	$ 102,800
Shipping and Handling [Member]
Revenue Recognition and Reserve for Sales Returns and Allowances (Details) [Line Items]
Selling Expense	$ 1,600	$ 1,900
Minimum [Member]
Revenue Recognition and Reserve for Sales Returns and Allowances (Details) [Line Items]
Discount on invoiced amount of products	1%
Maximum [Member]
Revenue Recognition and Reserve for Sales Returns and Allowances (Details) [Line Items]
Discount on invoiced amount of products	20%

Debt (Details)

Debt (Details) - USD ($) $ in Millions					1 Months Ended
Debt (Details) - USD ($) $ in Millions	Jun. 05, 2023	Mar. 03, 2023	Apr. 26, 2022	Jun. 02, 2021	Jan. 31, 2023	Jan. 03, 2023	Dec. 03, 2022
Initial Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount				$ 99
Proceeds from Issuance of Long-Term Debt				$ 96.3
Debt Instrument, Interest Rate, Stated Percentage				3.25%
Debt Instrument, Covenant Description			On April 26, 2022, the Company entered into a First Amendment to the 2021 BSP Term Loan Agreement, to provide, among other things, that the Company must maintain Qualified Cash of at least: (a) at all times after the Closing Date and prior to the First Amendment Effective Date, April 26, 2022, $20.0 million; (b) at all times during the period commencing on the First Amendment Effective Date through and including June 30, 2022, $15.0 million; and (c) at all times on and after July 1, 2022, through September 30, 2022, $17.5 million; provided, however, that if the Total Net Leverage Ratio exceeded 1.75:1.00 as of the last day of the most recently ended month for which financial statements were required to have been delivered, then the amount set forth in this clause was to be increased to $20.0 million. Notwithstanding the foregoing, the Applicable Minimum Cash Amount was to be reduced by $1.0 million for every $5.0 million principal prepayment or repayment of the Term Loans following the First Amendment Effective Date; provided however, that, the Applicable Minimum Cash Amount was in no event to be reduced below $15.0 million.
Initial Term Loan [Member] \| London Interbank Offered Rate LIBOR [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate, Constant Spread Adjustment					0.10%
Initial Term Loan [Member] \| Minimum [Member] \| London Interbank Offered Rate LIBOR [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				6.50%
Debt Instrument, Description of Variable Rate Basis				subject to a 1.00% LIBOR floor, or (ii) base rate plus 5.50% - 6.00% (determined by reference to a net leverage pricing grid), subject to a 2.00% base rate floor
Initial Term Loan [Member] \| Maximum [Member] \| London Interbank Offered Rate LIBOR [Member]
Debt (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate				7%
Delayed Draw Term Loan [Member]
Debt (Details) [Line Items]
Debt Instrument, Face Amount				$ 19
Benefit Street Partners [Member]
Debt (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			3.25%
Repayments of Debt	$ 30.2	$ 23.1
Payment for Debt Extinguishment or Debt Prepayment Cost	0.3
Gain (Loss) on Extinguishment of Debt	1
Accrued Interest [Member] \| Benefit Street Partners [Member]
Debt (Details) [Line Items]
Repayments of Debt	$ 0.4
Closing Fees [Member]
Debt (Details) [Line Items]
Debt Instrument, Unamortized Discount (Premium), Net				2.2
Other Administrative Fees [Member]
Debt (Details) [Line Items]
Debt Issuance Costs, Gross				$ 0.5
Secured Debt [Member] \| Benefit Street Partners [Member]
Debt (Details) [Line Items]
Long-Term Debt, Fair Value						$ 15
Secured Debt [Member] \| Reported Value Measurement [Member] \| New Term Loan Agreement [Member]
Debt (Details) [Line Items]
Value of debt outstanding							$ 0.2

Credit Facilities (Details)

Credit Facilities (Details) - USD ($)		1 Months Ended	3 Months Ended
Credit Facilities (Details) - USD ($)	Jun. 02, 2021	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Credit Facilities (Details) [Line Items]
Letters of Credit Outstanding, Amount (in Dollars)			$ 9,400,000
JPMorgan ABL Credit Agreement [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity (in Dollars)	$ 67,500,000
Line of Credit, Current (in Dollars)
Letters of Credit Outstanding, Amount (in Dollars)			57,800,000
Debt Issuance Costs, Gross (in Dollars)			$ 1,600,000
Amortization of Debt Issuance Costs (in Dollars)				$ 100,000
JPMorgan ABL Credit Agreement [Member] \| Minimum [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.25%
Fixed Charge Coverage Ratio	1.1
JPMorgan ABL Credit Agreement [Member] \| Minimum [Member] \| London Interbank Offered Rate LIBOR [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
JPMorgan ABL Credit Agreement [Member] \| Minimum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.50%	0.50%
JPMorgan ABL Credit Agreement [Member] \| Minimum [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
JPMorgan ABL Credit Agreement [Member] \| Maximum [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.375%
Fixed Charge Coverage Ratio	1
JPMorgan ABL Credit Agreement [Member] \| Maximum [Member] \| London Interbank Offered Rate LIBOR [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2%
JPMorgan ABL Credit Agreement [Member] \| Maximum [Member] \| Base Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1%	1%
JPMorgan ABL Credit Agreement [Member] \| Maximum [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Credit Facilities (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2%
Debt Instrument, Basis Spread on Variable Rate, Constant Spread Adjustment		0.10%
General Electric Capital Corporation Loan Agreement [Member]
Credit Facilities (Details) [Line Items]
Line of Credit Facility, Interest Rate During Period

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Expense (Benefit)	$ (6,728)	$ (1,383)
Effective Income Tax Rate Reconciliation, Percent	(32.10%)	(20.60%)

Loss Per Share (Details)

Loss Per Share (Details) - USD ($) $ in Thousands		3 Months Ended
Loss Per Share (Details) - USD ($) $ in Thousands		Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Loss Per Share (Details) [Line Items]
Preferred Stock, Shares Outstanding		200,000
Preferred Stock, Shares Issued		200,000
Temporary Equity, Dividends, Adjustment (in Dollars)	[1]	$ 0	$ 367
Derivative Liability (in Dollars)		0		$ 29,947
Preferred stock redemption [Member]
Loss Per Share (Details) [Line Items]
Temporary Equity, Dividends, Adjustment (in Dollars)		400
Convertible Debt Securities [Member]
Loss Per Share (Details) [Line Items]
Temporary Equity, Dividends, Adjustment (in Dollars)			$ 400
Derivative Liability (in Dollars)		$ 1,300
Restricted Stock Units (RSUs) [Member]
Loss Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		545,145	494,106

[1]The 200,000 shares issued and outstanding as of March 31, 2023 are non-participating. A preferred dividend of $0.4m was accrued for Q1 2024 and included in the preferred stock redemption.

Loss Per Share (Details) - Sche

Loss Per Share (Details) - Schedule of Earnings Per Share, Basic and Diluted - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Schedule Of Earnings Per Share Basic And Diluted Abstract
Net loss		$ (14,225)	$ (5,318)
Net income (loss) attributable to non-controlling interests		280	(5)
Net loss attributable to JAKKS Pacific, Inc.		(14,505)	(5,313)
Preferred stock dividend *	[1]	0	367
Redemption of preferred stock		1,330	0
Net loss attributable to common stockholders **	[2]	$ (13,175)	$ (5,680)
Weighted average common shares outstanding - basic and diluted (in Shares)		10,354	9,871
Loss per share available to common stockholder - basic and diluted (in Dollars per share)		$ (1.27)	$ (0.58)

[1]The 200,000 shares issued and outstanding as of March 31, 2023 are non-participating. A preferred dividend of $0.4m was accrued for Q1 2024 and included in the preferred stock redemption.[2]Net loss attributable to common stockholders was computed by deducting the difference between the fair value of the consideration transferred to the holders of the preferred stock and the carrying amount of the preferred stock and fair value of the related derivative liability of $1.3 million for the three months ended March 31, 2024 and the preferred stock dividend of $0.4 million for the three months ended March 31, 2023.

Common Stock and Preferred St_3

Common Stock and Preferred Stock (Details) $ / shares in Units, $ in Thousands				3 Months Ended
	Mar. 11, 2024 USD ($) $ / shares shares	Jul. 01, 2022 USD ($)	Aug. 09, 2019 $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2023 USD ($) shares	Dec. 31, 2023 USD ($) $ / shares shares
Common Stock and Preferred Stock (Details) [Line Items]
At Market Issuance Sales Agreement, Offering, Maximum		$ 75,000
Additional Securities Available		$ 150,000
Temporary Equity, Shares Issued (in Shares) \| shares			200,000			200,000
Temporary Equity, Par or Stated Value Per Share (in Dollars per share) \| $ / shares			$ 0.001	$ 0.001		$ 0.001
Payments for Repurchase of Redeemable Preferred Stock	$ 20,000			$ 20,000	$ 0
Stock Issued During Period, Shares, New Issues (in Shares) \| shares	571,295
Stock Issued During Period, Value, New Issues	$ 15,000			1
Shares Issued, Price Per Share (in Dollars per share) \| $ / shares	$ 26.26
Derivative Liability				$ 0		$ 29,947
Temporary Equity, Redemption Price Per Share (in Dollars per share) \| $ / shares	$ 100
Temporary Equity, Quarterly Dividend Rate				6%
Mandatorily Redeemable Preferred Stock, Fair Value Disclosure						26,000
Preferred Stock, Liquidation Preference, Value						39,000
Minimum [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Temporary Equity, Liquidation Preference Percent Of Accreted Amount			20%
Maximum [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Temporary Equity, Liquidation Preference Percent Of Accreted Amount			150%
Series A Preferred Stock [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Dividends Payable, Current						6,000
Redeemable Preferred Stock [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Dividends				$ 400	$ 1,100
Dividends Payable						6,000
Redeemable Preferred Stock [Member] \| Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value						$ 29,900
Executive Officer [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Number Of Executive Officers				3	3
Restricted Stock [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Restricted Stock Award, Forfeitures				$ 200	$ 600
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures (in Shares) \| shares				13,714	34,588
Restricted Stock [Member] \| Executive Officer [Member]
Common Stock and Preferred Stock (Details) [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited (in Shares) \| shares				147,612	157,019
Restricted Stock Award, Forfeitures				$ 5,100	$ 3,100

Common Stock and Preferred St_4

Common Stock and Preferred Stock (Details) - Schedule of Series A Preferred Stock - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule Of Series APreferred Stock Abstract
Balance	$ 5,992	$ 4,490
Preferred stock accrued dividends	390	367
Preferred stock redemption	(6,382)	0
Balance	$ 0	$ 4,857

Joint Ventures (Details)

Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended
Joint Ventures (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Dec. 01, 2023	May 10, 2023
Joint Ventures (Details) [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interest	$ 280	$ (5)
Joint Venture With Meisheng Cultural & Creative Corp. [Member]
Joint Ventures (Details) [Line Items]
Equity Method Investment, Ownership Percentage			50%	51%

Comprehensive Loss (Details) -

Comprehensive Loss (Details) - Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Comprehensive Loss Abstract
Net loss	$ (14,225)	$ (5,318)
Other comprehensive income (loss):
Foreign currency translation adjustment	(565)	332
Comprehensive loss	(14,790)	(4,986)
Less: Comprehensive loss attributable to non-controlling interests	280	(5)
Comprehensive loss attributable to JAKKS Pacific, Inc.	$ (15,070)	$ (4,981)

Share-Based Payments (Details)

Share-Based Payments (Details) $ in Millions	3 Months Ended
Share-Based Payments (Details) $ in Millions	Mar. 31, 2024 USD ($)
Restricted Stock [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount (in Dollars)	$ 28
Restricted Stock [Member] \| Minimum [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	1 year
Restricted Stock [Member] \| Maximum [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period	4 years
Restricted Stock Units (RSUs) [Member]
Share-Based Payments (Details) [Line Items]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount (in Dollars)	$ 17.1
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 2 months 12 days

Share-Based Payments (Details)

Share-Based Payments (Details) - Share-based Payment Arrangement, Expensed and Capitalized, Amount - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Abstract]
Share-based compensation expense	$ 2,575	$ 2,089

Share-Based Payments (Details_2

Share-Based Payments (Details) - Schedule of Nonvested Restricted Stock Units Activity - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-Based Payments (Details) - Schedule of Nonvested Restricted Stock Units Activity [Line Items]
Outstanding, Number of Shares \| shares	1,306,406
Outstanding, Weighted Average Grant Date Fair Value \| $ / shares	$ 16.47
Awarded, Number of Shares \| shares	123,134
Awarded, Weighted Average Grant Date Fair Value \| $ / shares	$ 35.55
Vested, Number of Shares \| shares	(280,996)
Vested, Weighted Average Grant Date Fair Value \| $ / shares	$ 11.78
Forfeited, Number of Shares \| shares	(13,714)
Forfeited, Weighted Average Grant Date Fair Value \| $ / shares	$ 14.02
Outstanding, Number of Shares \| shares	1,134,830
Outstanding, Weighted Average Grant Date Fair Value \| $ / shares	$ 19.86

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Money Market Funds [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets fair value	$ 7,101	$ 45,130
Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Deferred compensation	1,407	41
Reported Value Measurement [Member] \| Preferred stock derivative liability [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liability		29,947
Fair Value, Inputs, Level 1 [Member] \| Money Market Funds [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets fair value	7,101	45,130
Fair Value, Inputs, Level 1 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Deferred compensation	1,407	41
Fair Value, Inputs, Level 1 [Member] \| Reported Value Measurement [Member] \| Preferred stock derivative liability [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liability		0
Fair Value, Inputs, Level 2 [Member] \| Money Market Funds [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets fair value	0	0
Fair Value, Inputs, Level 2 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Deferred compensation	0	0
Fair Value, Inputs, Level 2 [Member] \| Reported Value Measurement [Member] \| Preferred stock derivative liability [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liability		0
Fair Value, Inputs, Level 3 [Member] \| Money Market Funds [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Assets fair value	0	0
Fair Value, Inputs, Level 3 [Member] \| Reported Value Measurement [Member] \| Redeemable Preferred Stock [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Deferred compensation	$ 0	0
Fair Value, Inputs, Level 3 [Member] \| Reported Value Measurement [Member] \| Preferred stock derivative liability [Member]
Fair Value Measurements (Details) - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Line Items]
Derivative liability		$ 29,947

Fair Value Measurements (Deta_2

Fair Value Measurements (Details) - Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation - Fair Value, Inputs, Level 3 [Member] - 3.25% Convertible Senior Notes Due 2023 [Member] - Fair Value, Recurring [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance	$ 29,947	$ 21,918
Change in fair value	0	(147)
Extinguishment through redemption of preferred stock	(29,947)	0
Balance	$ 0	$ 21,771

Fair Value Measurements (Deta_3

Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Measurement Input Change-in-control Probability [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Fair Value (in Dollars)	$ 29,947
Valuation Technique	Discounted Cash Flow
Unobservable Inputs	Change-in-control probability assumptions
Measurement Input Timing Of Change-in-control Assumptions [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Inputs	Timing of change-in-control assumptions
Measurement Input, Discount Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Inputs	Discount Rate
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Unobservable Inputs	Market yield*	[1]
Minimum [Member] \| Measurement Input Change-in-control Probability [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	0
Minimum [Member] \| Measurement Input Timing Of Change-in-control Assumptions [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	1
Minimum [Member] \| Measurement Input, Discount Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	8
Minimum [Member] \| Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	6.3	[1]
Maximum [Member] \| Measurement Input Change-in-control Probability [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	100
Maximum [Member] \| Measurement Input Timing Of Change-in-control Assumptions [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	10
Maximum [Member] \| Measurement Input, Discount Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	10
Maximum [Member] \| Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurements (Details) - Fair Value, Assets and Liabilities Measured on Nonrecurring Basis, Valuation Techniques [Line Items]
Range (Weighted Average)	6.3	[1]

[1]Represents the hypothetical market yield

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 01, 2023	May 10, 2023
Related Party Transactions (Details) [Line Items]
Due To Related Parties Current And Noncurrent	$ 8,689		$ 12,259
Joint Venture With Meisheng Cultural & Creative Corp. [Member]
Related Party Transactions (Details) [Line Items]
Equity Method Investment, Ownership Percentage				50%	51%
Inventory Related Payments [Member] \| Hong Kong Meisheng Cultural Company Limited [Member]
Related Party Transactions (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	14,900	$ 9,300
Due To Related Parties Current And Noncurrent	$ 8,700		$ 12,300

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Details) - Deferred Costs, Capitalized, Prepaid, and Other Assets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deferred Costs Capitalized Prepaid And Other Assets Abstract
Royalty advances	$ 6,964	$ 1,450
Income tax receivable	6,533	2,672
Prepaid expenses	3,844	1,724
Other assets	1,461	243
Employee retention credit	285	285
Prepaid expenses and other assets	$ 19,087	$ 6,374