Party City Holdco (PRTYQ) 10-K 28 Feb 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Feb. 17, 2022	Jun. 30, 2021
Cover [Abstract]
Entity Registrant Name	Party City Holdco Inc.
Document Type	10-K
Trading Symbol	PRTY
Current Fiscal Year End Date	--12-31
Entity Public Float			$ 1,036,696,578
Entity Common Stock, Shares Outstanding		112,451,912
Amendment Flag	false
Entity Central Index Key	0001592058
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Security Exchange Name	NYSE
Entity File Number	001-37344
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0539758
Entity Address, Address Line One	80 Grasslands Road
Entity Address, City or Town	Elmsford
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10523
City Area Code	914
Local Phone Number	345-2020
Document Annual Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement relating to its 2022 annual meeting of stockholders are incorporated by reference in Part III of this Annual Report on Form 10-K.
Auditor Name	ERNST & YOUNG LLP
Auditor Location	New York, New York
Auditor Firm Id	42

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 47,914	$ 119,532
Accounts receivable, net	93,301	90,879
Inventories, net	443,295	412,285
Prepaid expenses and other current assets	57,656	45,905
Income tax receivable	56,317	57,549
Assets held for sale, net	0	83,110
Total current assets	698,483	809,260
Property, plant and equipment, net	221,870	209,412
Operating lease asset	693,875	700,087
Goodwill	664,296	661,251
Trade names	383,737	384,428
Other intangible assets, net	23,687	32,134
Other assets, net	25,952	9,883
Total assets	2,711,900	2,806,455
Current liabilities:
Loans and notes payable	84,181	175,707
Accounts payable	161,736	118,928
Accrued expenses	195,531	160,605
Liabilities held for sale	0	68,492
Current portion of operating lease liability	116,437	176,045
Income taxes payable	10,801	524
Current portion of long-term obligations	1,373	13,576
Total current liabilities	570,059	713,877
Long-term obligations, excluding current portion	1,351,189	1,329,808
Long-term portion of operating lease liability	655,875	654,729
Deferred income tax liabilities	29,195	34,705
Other long-term liabilities	22,868	22,815
Total liabilities	2,629,186	2,755,934
Redeemable securities		0
Commitments and contingencies
Stockholders’ equity:
Common stock (112,170,944 and 110,781,613 shares outstanding and 124,157,500 and 121,662,540 shares issued at December 31, 2021 and December 31, 2020, respectively)	1,384	1,373
Additional paid-in capital	982,307	971,972
Retained (deficit) earnings	(571,985)	(565,457)
Accumulated other comprehensive income (loss)	3,541	(29,916)
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury	415,247	377,972
Less: Common stock held in treasury, at cost (11,986,556 and 11,280,098 shares at December 31, 2021 and December 31, 2020, respectively)	(332,533)	(327,182)
Total Party City Holdco Inc. stockholders’ equity	82,714	50,790
Noncontrolling interests	0	(269)
Total stockholders’ equity	$ 82,714	50,521
Total liabilities, redeemable securities and stockholders’ equity		$ 2,806,455

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, shares outstanding	112,170,944	110,781,613	94,461,576	93,622,934
Common stock, shares issued	124,157,500	121,662,540
Treasury stock, shares	11,986,556	11,280,098

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Expenses:
Net sales	$ 2,171,060	$ 1,850,690	$ 2,348,789
Cost of sales	1,403,004	1,369,935	1,500,633
Gross Profit	768,056	480,755	848,156
Wholesale selling expenses	30,762	50,121	67,103
Retail operating expenses	432,531	387,398	440,395
General and administrative expenses	186,698	225,322	201,560
Art and development costs	21,174	17,638	23,203
Gain on sale/leaseback transaction	0	0	(58,381)
Store impairment and restructuring charges	0	22,449	29,038
Loss on disposal of assets in international operations	3,211	73,948	0
Goodwill, intangibles and long-lived assets impairment	9,048	581,380	562,631
Income (Loss) from operations	84,632	(877,501)	(417,393)
Interest expense, net	87,226	77,043	114,899
Other (income) expense, net	(614)	3,715	1,871
Gain on debt repayment/refinancing	(1,106)	(273,149)	0
Loss before income taxes	(874)	(685,110)	(534,163)
Income tax expense (benefit)	5,708	(156,653)	(1,305)
Net loss	(6,582)	(528,457)	(532,858)
Less: Net loss attributable to noncontrolling interests	(54)	(219)	(363)
Net (loss) income attributable to common shareholders of Party City Holdco Inc	$ (6,528)	$ (528,238)	$ (532,495)
Net loss per share attributable to common shareholders of Party City Holdco Inc-Basic	$ (0.06)	$ (5.24)	$ (5.71)
Net loss per share attributable to common shareholders of Party City Holdco Inc-Diluted	$ (0.06)	$ (5.24)	$ (5.71)
Weighted-average number of common shares—Basic	110,980,934	100,804,944	93,295,692
Weighted-average number of common shares—Diluted	110,980,934	100,804,944	93,295,692
Other comprehensive income (loss), net of tax:
Foreign currency adjustments	$ 35,128	$ 6,143	$ 12,599
Cash flow hedges	(1,348)	(352)	845
Other comprehensive income, net	33,780	5,791	13,444
Comprehensive income (loss)	27,198	(522,666)	(519,414)
Less: Comprehensive income (loss) attributable to noncontrolling interests	269	(246)	(386)
Comprehensive income (loss) attributable to common shareholders of Party City Holdco Inc.	$ 26,929	$ (522,420)	$ (519,028)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect of Change in Accounting Principle, Net [Member]	Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Time-Based Units [Member]	Performance-Based Units [Member]	Common Stock [Member]	Common Stock [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Additional Paid-in Capital [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Additional Paid-in Capital [Member]Time-Based Units [Member]	Additional Paid-in Capital [Member]Performance-Based Units [Member]	Retained Earnings (Deficit) [Member]	Retained Earnings (Deficit) [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Retained Earnings (Deficit) [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Time-Based Units [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Performance-Based Units [Member]	Common Stock Held In Treasury [Member]	Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Time-Based Units [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Performance-Based Units [Member]	Non-Controlling Interests [Member]	Non-Controlling Interests [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]
Balance at Dec. 31, 2018	$ 1,043,621	$ 159	$ 1,043,780			$ 1,208	$ 1,208	$ 922,476	$ 662	$ 923,138			$ 495,777	$ (503)	$ 495,274	$ (49,201)	$ (49,201)	$ 1,370,260	$ 159	$ 1,370,419			$ (326,930)	$ (326,930)	$ 1,043,330	$ 159	$ 1,043,489			$ 291	$ 291
Accounting Standards Update [Extensible List]	ASU 2018-07 [Member]
Net income (loss)	$ (532,858)												(532,495)					(532,495)							(532,495)					(363)
Stock option expense	1,319							1,319										1,319							1,319
Restricted stock units				$ 2,033							$ 2,033										$ 2,033							$ 2,033
Directors — non-cash compensation	313							313										313							313
Warrant	515							515										515							515
Exercise of stock options	1,148					3		1,145										1,148							1,148
Acquired non-controlling interest	181							110										110							110					71
Foreign currency adjustments	12,599															12,622		12,622							12,622					(23)
Treasury stock purchases	(156)																						156		156
Impact of foreign exchange contracts	847												2			845		847							847
Balance at Dec. 31, 2019	529,721					1,211		928,573					(37,219)			(35,734)		856,831					(327,086)		529,745					(24)
Net income (loss)	(528,457)												(528,238)					(528,238)							(528,238)					(219)
Stock option expense				796	$ 7,847						796	$ 7,847									796	$ 7,847						796	$ 7,847
Restricted stock units				2,071	1,272						2,071	1,272									2,071	1,272						2,071	1,272
Directors — non-cash compensation	337							337										337							337
Warrant	1,033							1,033										1,033							1,033
Exercise of stock options	148					2		146										148							148
Acquired non-controlling interest	2,317							2,316										2,316							2,316					1
Issuance of Stock for Debt exchange including costs	27,741					160		27,581										27,741							27,741
Foreign currency adjustments	6,143															6,170		6,170							6,170					(27)
Treasury stock purchases	(96)																						(96)		(96)
Impact of foreign exchange contracts	(352)															(352)		(352)							(352)
Balance at Dec. 31, 2020	50,521					1,373		971,972					(565,457)			(29,916)		377,972					(327,182)		50,790					(269)
Net income (loss)	(6,582)												(6,528)					(6,528)							(6,528)					(54)
Stock option expense				396							396										396							396
Restricted stock units				$ 2,557	$ 3,504						$ 2,557	$ 3,504									$ 2,557	$ 3,504						$ 2,557	$ 3,504
Directors — non-cash compensation	228							228										228							228
Warrant						4		(4)
Exercise of stock options	3,680					7		3,673										3,680							3,680
Foreign currency adjustments	35,128															34,805		34,805							34,805					$ (323)
Treasury stock purchases	(5,351)																						(5,351)		(5,351)
Impact of foreign exchange contracts	(1,367)							(19)								(1,348)		(1,367)							(1,367)
Balance at Dec. 31, 2021	$ 82,714					$ 1,384		$ 982,307					$ (571,985)			$ 3,541		$ 415,247					$ (332,533)		$ 82,714

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows provided by operating activities:
Net (loss) income	$ (6,582)	$ (528,457)	$ (532,858)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization expense	65,610	76,506	81,116
Amortization of deferred financing costs and original issuance discounts	4,516	4,198	4,722
Provision for doubtful accounts	2,569	6,321	2,323
Deferred income tax (benefit) expense	(5,155)	(95,085)	(47,366)
Undistributed (income) loss in equity method investments	(220)	333	(472)
Change in operating lease liability/asset	(51,326)	30,981	(9,942)
Loss (gain) on disposal of assets	2,781	70	(59,786)
Loss on disposal of assets in international operations	3,211	73,948	0
Non-cash adjustment for store impairment and restructuring	0	17,585	20,236
Goodwill, intangibles and long-lived assets impairment	11,974	581,380	562,631
Non-employee equity based compensation (see Note 25 – Kazzam, LLC)	0	1,033	515
Stock option expense – time – based	396	796	1,319
Stock option expense – performance – based	0	7,847	0
Restricted stock unit - performance-based	3,504	1,329	0
Restricted stock units expense—time-based	2,557	2,071	2,033
Directors—non-cash compensation	228	337	313
Gain on debt repayment/refinancing	(1,106)	(273,149)	0
Changes in operating assets and liabilities, net of effects of acquired businesses:
(Increase) decrease in accounts receivable	(10,673)	22,396	(2,600)
(Increase) decrease in inventories	(34,236)	184,924	72,385
(Increase) decrease in prepaid expenses and other current assets, net	(21,419)	(66,166)	14,741
Increase (decrease) in accounts payable, accrued expenses and income taxes payable	85,306	28,002	(65,617)
Net cash provided by operating activities	51,935	77,200	43,693
Cash flows provided by (used in) provided by investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(6,954)	(3,305)	(20,878)
Capital expenditures	(79,222)	(51,128)	(61,733)
Proceeds from disposal of property and equipment	225	162	246,286
Proceeds from sale of international operations, net of cash disposed	20,556	0	0
Net cash (used in) provided by investing activities	(65,395)	(54,271)	163,675
Cash flows (used in) provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(949,907)	(254,438)	(441,632)
Proceeds from loans, notes payable and long-term obligations	883,890	368,439	203,344
Exercise of stock options	3,680	147	1,148
Treasury stock purchases	(5,351)	(96)	(156)
Debt issuance and modification costs	(21,437)	(20,348)	(414)
Net cash (used in) provided by financing activities	(89,125)	93,704	(237,710)
Effect of exchange rate changes on cash and cash equivalents	190	(500)	6,299
Net (decrease) increase in cash and cash equivalents and restricted cash	(102,395)	116,133	(24,043)
Less: net increase/decrease in cash classified within current assets held for sale	31,628	(31,628)	0
Cash and cash equivalents and restricted cash at beginning of period	119,681	35,176	59,219
Cash and cash equivalents and restricted cash at end of period	48,914	119,681	35,176
Cash paid during the period:
Interest	57,971	68,396	108,561
Income taxes, net of refunds	$ 5,413	$ 26,867	$ 36,093

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Restricted cash	$ 1,000	$ 149	$ 259

Organization, Description of Bu

Organization, Description of Business and Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Description of Business and Basis of Presentation	Note 1 — Organization, Description of Business and Basis of Presentation Party City Holdco Inc. (the “Company” or “Party City Holdco”) is a leading party goods company by revenue in North America and, we believe, the largest vertically integrated supplier of decorated party goods globally by revenue. With hundreds of retail stores filled with thousands of products across the United States, we make it easy for our customers to find the perfect party solution through our assortment of party products, balloons, and costumes for their celebration aided by the support of our party experts both in-store and online. Our retail operations include approximately 830 specialty retail party supply stores (including franchise stores) throughout North America operating under the names Party City and Halloween City, and e-commerce websites which offer rapid, contactless, and same day shipping options (including in-store and at curbside), principally through the domain name PartyCity.com. In addition to our retail operations, we are also a global designer, manufacturer and distributor of decorated consumer party products, with items found in retail outlets worldwide, including independent party supply stores, mass merchants, grocery retailers, e-commerce merchandisers and dollar stores. Party City Holdco is a holding company with no operating assets or operations. The Company owns 100 % of PC Nextco Holdings, LLC (“PC Nextco”), which owns 100 % of PC Intermediate Holdings, Inc. (“PC Intermediate”). PC Intermediate owns 100 % of Party City Holdings Inc. (“PCHI”), which owns most of the Company’s operating subsidiaries.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Consolidated Financial Statements The consolidated financial statements of the Company include the accounts of all majority-owned subsidiaries and controlled entities. All intercompany balances and transactions have been eliminated. The Company’s retail operations define a fiscal year (“Fiscal Year”) as the 52-week period or 53-week period ended on the Saturday nearest December 31st of each year and define their fiscal quarters (“Fiscal Quarter”) as the four interim 13-week periods following the end of the previous Fiscal Year, except in the case of a 53-week Fiscal Year when the fourth Fiscal Quarter is extended to 14 weeks. Fiscal 2021 was a 52-week year for our retail operations. The consolidated financial statements of the Company combine the Fiscal Year and Fiscal Quarters of the Company’s retail operations with the calendar year and calendar quarters of the Company’s wholesale operations, as the differences are not significant. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the consolidated financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospectively based on such periodic evaluations. Cash Equivalents Highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents. All credit card transactions that process in less than seven days are classified as cash and cash equivalents. Inventories Inventories are valued at the lower of cost and net realizable value. In assessing the ultimate realization of inventories, the Company makes judgments regarding, among other things, future demand and market conditions, current inventory levels and the impact of the possible discontinuation of product designs. The Company principally determines the cost of inventory using the weighted average method. The Company estimates retail inventory shrinkage for the period between physical inventory dates on a store-by-store basis. Inventory shrinkage estimates can be affected by changes in merchandise mix and changes in actual shortage trends. The shrinkage rate from the most recent physical inventory, in combination with historical experience, is the basis for estimating shrinkage. Allowance for Doubtful Accounts Refer to Note 24 — Revenue from Contracts with Customers for detail. Long-Lived and Intangible Assets (including Goodwill) Property, plant and equipment are stated at cost. The Company reviews the recoverability of its finite long-lived assets, including finite-lived intangible assets, whenever facts and circumstances indicate that the carrying amount may not be fully recoverable. For purposes of recognizing and measuring impairment, the Company evaluates long-lived assets/asset groups, other than goodwill, based upon the lowest level of independent cash flows ascertainable to evaluate impairment. If an impairment indicator exists, we compare the undiscounted future cash flows of the asset/asset group to the carrying value of the asset/asset group. If the sum of the undiscounted future cash flows is less than the carrying value of the asset/asset group, we would calculate discounted future cash flows based on market participant assumptions. If the sum of discounted cash flows is less than the carrying value of the asset/asset group, we would recognize an impairment loss. The impairment related to long-lived assets is measured as the amount by which the carrying amount of the asset(s) exceeds the fair value of the asset(s). In the evaluation of the fair value and future benefits of finite long-lived assets attached to retail stores, the Company performs its cash flow analysis generally on a store-by-store basis. Various factors including future sales growth and profit margins are included in this analysis. The Company evaluates the goodwill associated with its acquisitions, and other intangibles with indefinite lives, for impairment on October 1 based on current and projected performance, or more frequently if circumstances indicate a possible impairment. For purposes of testing goodwill for impairment, reporting units are determined by identifying operating segments within the Company’s organization which constitute a business for which discrete financial information is available and is reviewed by management. Components within an operating segment are aggregated to the extent that they have similar economic characteristics. Based on this evaluation, the Company has determined that its operating segments, wholesale and retail, represent reporting units for the purposes of its goodwill impairment test. If it is concluded that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company estimates the fair value of the reporting unit using a combination of a market approach and an income approach. If such carrying value exceeds the fair value an impairment loss will be recognized in an amount equal to such excess. The fair value of a reporting unit refers to the amount at which the unit as a whole could be sold in a current transaction between willing parties. Our Trade names are treated as indefinite-lived intangible assets and, therefore are not amortized, but rather are tested for impairment annually in the fourth fiscal quarter, unless there are events requiring an earlier assessment or changes in circumstances during an interim period providing impairment indicators are present. When performing a quantitative impairment assessment of our Trade name indefinite-lived intangible assets, the fair value of the Trade names is estimated using a discounted cash flow analysis based on the "relief from royalty" method, assuming that a third party would be willing to pay a royalty in lieu of ownership for this intangible asset. This approach is dependent on many factors, including estimates of future growth, royalty rates, and discount rates. Actual future results may differ from these estimates. Impairment loss is recognized when the estimated fair value of the indefinite-lived intangible asset is less than its carrying amount. Deferred Financing Costs Deferred financing costs are netted against amounts outstanding under the related debt instruments. They are amortized to interest expense over the terms of the instruments using the effective interest method. Equity Method Investments The Company has an investment in Convergram Mexico, S. De R.L. De C.V., a joint venture distributing metallic balloons, principally in Mexico and Latin America. The Company accounts for its 49.9 % investment in the joint venture using the equity method of accounting. The Company also has an investment in a joint venture partnership for its costume sourcing and manufacturing business in Asia which is accounted for using the equity method of accounting. See Variable Interest Entities section below for additional information. The Company’s investments are included in Other assets, net on the consolidated balance sheet and its portion of the results of the investees’ operations are included in Other expense, net in the consolidated statement of operations and comprehensive (loss) income (see Note 14, Other Expense, net). Insurance Accruals The Company maintains certain self-insured workers’ compensation and general liability insurance plans. The Company estimates the required liability for claims under such plans based upon various assumptions, which include, but are not limited to, historical loss experience, projected loss development factors, actual payroll and other data. The required liability is also subject to adjustment in the future based upon changes in claims experience, including changes in the number of incidents (frequency) and changes in the ultimate cost per incident (severity). Revenue Recognition Retail Revenue from retail store operations is recognized at the point of sale as control of the product is transferred to the customer at such time. Retail e-commerce sales are recognized when the consumer receives the product as control transfers upon delivery. Due to its extensive history operating as a party goods retailer in North America, the Company has sufficient history with which to estimate future retail sales returns and it uses the expected value method to estimate such activity. The transaction price for the majority of the Company’s retail sales is based on either: 1) the item’s stated price or 2) the stated price adjusted for the impact of a coupon which can only be applied to such transaction. To the extent that the Company charges customers for freight costs on e-commerce sales, the Company records such amounts in revenue. The Company excludes all sales taxes and value-added taxes from revenue. Under the terms of its agreements with its franchisees, the Company provides both: 1) brand value (via significant advertising spend) and 2) support with respect to planograms, in exchange for a royalty fee that ranges from 4 % to 6 % of the franchisees’ sales. The Company records the royalty fees at the time that the franchisees’ sales are recorded. Additionally, although the Company anticipates that future franchise store openings will be limited, when a franchisee opens a new store, the Company receives and records a one-time fee which is earned by the Company for its assistance with site selection and development of the new location. Both the sales-based royalty fee and the one-time fee are recorded in Net sales in the Company’s consolidated statement of operations and comprehensive (loss) income. Wholesale For most of the Company’s wholesale sales, control transfers upon the Company’s shipment of the product. Wholesale sales returns are not significant as the Company generally only accepts the return of goods that were shipped to the customer in error or that were damaged when received by the customer. Additionally, due to its extensive history operating as a party goods wholesaler, the Company has sufficient history with which to estimate future sales returns. In most cases, the determination of the transaction price is fixed based on the contract and/or purchase order. To the extent that the Company charges customers for freight costs, the Company records such amounts in revenue. The Company excludes all sales taxes and value-added taxes from revenue. The majority of the sales for the Company’s wholesale business are due within 30 to 120 days from the transfer of control of the product and substantially all of the sales are collected within a year from such transfer. For all transactions for which the Company expects to collect the transaction price within a year from the transfer of control, the Company does not adjust the consideration for the effects of a significant financing component. Cost of Sales Cost of sales at wholesale reflects the production costs (i.e., raw materials, labor and overhead) of manufactured goods and the direct cost of purchased goods, inventory shrinkage, inventory adjustments, inbound freight to the Company’s manufacturing and distribution facilities, distribution costs and outbound freight to transfer goods to the Company’s wholesale customers. At retail, cost of sales reflects the direct costs of goods purchased from third parties and the production costs/purchase costs of goods acquired from the Company’s wholesale operations. Retail cost of sales also includes inventory shrinkage, inventory adjustments, inbound freight, occupancy costs related to store operations (such as rent, utilities and common area maintenance), depreciation on assets and all logistics costs (i.e., handling and distribution costs) associated with the Company’s e-commerce business. Retail Operating Expenses Retail operating expenses include costs associated with the operation of the Company’s retail stores (with the exception of occupancy costs, which are included in cost of sales). Retail operating expenses principally consist of employee compensation and benefits, advertising, supplies expense and credit card fees. Shipping and Handling Outbound shipping costs billed to customers are included in net sales. The costs of shipping and handling incurred by the Company are included in cost of sales. Product Royalty Agreements The Company enters into product royalty agreements that allow the Company to use licensed designs on certain of its products. These contracts require the Company to pay royalties, generally based on the sales of such product, and may require guaranteed minimum royalties, a portion of which may be paid in advance. The Company matches royalty expense with revenue by recording royalties at the time of sale, at the greater of the contractual rate or an effective rate calculated based on the guaranteed minimum royalty and the Company’s estimate of sales during the contract period. If a portion of the guaranteed minimum royalty is determined to be unrecoverable, the unrecoverable portion is charged to expense at that time. Guaranteed minimum royalties paid in advance are recorded in the consolidated balance sheets in either prepaid expenses and other current assets or other assets, net, depending on the nature of the royalties. Catalog Costs The Company expenses costs associated with the production of catalogs when incurred. Advertising Advertising costs are expensed as incurred. Retail advertising expenses for the years ended December 31, 2021, December 31, 2020, and December 31, 2019 were $ 55,339 , $ 61,036 and $ 72,518 respectively. Variable Interest Entities When determining whether a legal entity should be consolidated, the Company first determines whether it has a variable interest in the legal entity. If a variable interest exists, the Company determines whether the legal entity is a variable interest entity due to either: 1) a lack of sufficient equity to finance its activities, 2) the equity holders lacking the characteristics of a controlling financial interest, or 3) the legal entity being structured with non-substantive voting rights. If the Company concludes that the legal entity is a variable interest entity, the Company next determines whether it is the primary beneficiary due to it possessing both: 1) the power to direct the activities of a variable interest entity that most significantly impact the variable interest entity’s economic performance, and 2) the obligation to absorb losses of the variable interest entity that potentially could be significant to the variable interest entity or the right to receive benefits from the variable interest entity which could be significant to the variable interest entity. If the Company concludes that it is the primary beneficiary, it consolidates the legal entity. In January 2021, in connection with the sale of a substantial portion of its international operations, the Company formed a joint venture partnership for its costume sourcing and manufacturing business in Asia. The Company concluded that it is not the joint venture's primary beneficiary and will account for its investment under the equity method. See Equity Method Investments section above. There were no variable interest entities as of December 31, 2020. Refer to Note 25 – Kazzam, LLC for additional information. Art and Development Costs Art and development costs are primarily internal costs that are not easily associated with specific designs, some of which may not reach commercial production. Accordingly, the Company expenses these costs as incurred. Derivative Financial Instruments ASC Topic 815, “Accounting for Derivative Instruments and Hedging Activities”, requires that all derivative financial instruments be recognized on the balance sheet at fair value and establishes criteria for both the designation and effectiveness of hedging activities. The Company uses derivatives in the management of interest rate and foreign currency exposure. ASC Topic 815 requires the Company to formally document the assets, liabilities or other transactions the Company designates as hedged items, the risk being hedged and the relationship between the hedged items and the hedging instruments. The Company must measure the effectiveness of the hedging relationship at the inception of the hedge and on an on-going basis. If derivative financial instruments qualify as fair value hedges, the gain or loss on the instrument and the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in net income during the period of the change in fair values. For derivative financial instruments that qualify as cash flow hedges ( i.e ., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive (loss) income and reclassified into net income in the same period or periods during which the hedged transaction affects earnings. The ineffective portion of a cash flow hedge, if any, is determined based on the dollar-offset method ( i.e ., the gain or loss on the derivative financial instrument in excess of the cumulative change in the present value of future cash flows of the hedged item) and is recognized in net income during the period of change. As long as hedge effectiveness is maintained, foreign currency exchange agreements qualify for hedge accounting as cash flow hedges. Se e Note 22– Derivative Financial Instruments. Income Taxes Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities (and operating loss and tax credit carryforwards) applying enacted statutory tax rates in effect for the years in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the judgment of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. Stock-Based Compensation Accounting for stock-based compensation requires measurement of compensation cost for all stock-based awards at fair value on the date of grant and recognition of compensation expense over the service period for awards expected to vest. The Company also granted performance-based restricted stock units ("PRSUs") and Restricted Cash awards to certain executive officers and other employees. The performance period is three years from the grant date. The PRSUs and Restricted Cash awards become earned in a given period if the volume weighted average of the fair market value per share of the Common Stock meets or exceeds $ 2.50 , $ 5.00 , $ 7.50 , and $ 10.00 , respectively, for a period of not less than 90 consecutive trading days on the New York Stock Exchange and are subject to up to 2 years service-vesting after the achievement of these thresholds. The PRSUs and Restricted Cash awards are measured at fair value based on Monte Carlo simulation models. The PRSUs will be settled in Party City common stock and are accounted for as equity awards and the Restricted Cash will be settled in cash and are accounted for as liability awards. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) consists of the Company’s foreign currency adjustments and the impact of foreign exchange contracts that qualify as hedges. Se e Note 22 – Derivative Financial Instruments and Note 23 – Changes in Accumulated Other Comprehensive Income (Loss). Foreign Currency Transactions and Translation The functional currencies of the Company’s foreign operations are the local currencies in which they operate. Foreign currency exchange gains or losses resulting from receivables or payables in currencies other than the functional currencies generally are recognized in the Company’s statement of operations and comprehensive (loss) income. The balance sheets of foreign subsidiaries are translated into U.S. dollars at the exchange rates in effect on the balance sheet date. The results of operations of foreign subsidiaries are translated into U.S. dollars at the average exchange rates effective for the periods presented. The differences from historical exchange rates are recorded as comprehensive (loss) income and are included as a component of accumulated other comprehensive income (loss). Earnings Per Share Basic earnings per share are computed by dividing net income attributable to common shareholders of Party City Holdco Inc. by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated based on the weighted average number of outstanding common shares plus the dilutive effect of stock options and warrants, as if they were exercised, and restricted stock units, as if they vested. A reconciliation between basic and diluted income per share is as follows: Twelve Months Ended December 31, 2021 2020 2019 Net (loss) income attributable to common shareholders of $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Weighted average shares — Basic: 110,980,934 100,804,944 93,295,692 Effect of dilutive restricted stock units: — — — Effect of dilutive stock options: — — — Weighted average shares — Diluted: 110,980,934 100,804,944 93,295,692 Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 ) Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 ) During the year ended December 31, 2021 , 1,514,010 restricted stock units, 4,653,373 performance restricted stock units and 1,032,219 stock options were excluded from the calculation of diluted net loss per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. During the years ended December 31, 2020, and December 31, 2019, 3,240,461 stock options and 3,510,317 stock options, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Additionally, during the years ended December 31, 2020, and December 31, 2019, 1,000,000 and 596,000 warrants, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Further, during the years ended December 31, 2020, and December 31, 2019, 787,313 restricted stock units and 413,968 restricted stock units, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Also, during the year ended December 31, 2020, 1,206,723 performance restricted stock units were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Recently Issued Accountin g Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which provides guidance providing optional expedients and exceptions for applying U.S. generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. Additionally, in January 2021, the FASB issued ASU 2021-01, which allows entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates. The Company does not expect an impact on our consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the Corporation on January 1, 2022 and only impacts annual financial statement footnote disclosures. The adoption will not have a material effect on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions for intra-period allocations and interim tax calculations and adds guidance to simplify accounting for income taxes. The guidance is effective for interim and annual periods beginning after December 15, 2020. The adoption of this guidance did not have a material impact on our consolidated financial statements.

Store Impairment and Restructur

Store Impairment and Restructuring Charges	12 Months Ended
	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Store Impairment and Restructuring Charges	Note 3 — Store Impairment and Restructuring charges During the years ended December 31, 2020 and 2019, the Company performed a comprehensive review of its store locations aimed at improving the overall productivity of such locations (“store optimization program”) and, after careful consideration and evaluation of the store locations, the Company made the decision to accelerate the optimization of its store portfolio. In 2019, 55 stores were identified for closure, out of which 35 stores were closed in 2019 and 20 stores were closed in January 2020. In 2020, 21 stores were identified for closure in the first quarter of 2020 and were closed in the third quarter. These closings provided the Company with capital flexibility to expand into underserved markets. In addition, the Company evaluated the recoverability of long lived assets at the open stores and recorded an impairment charge associated with the operating lease asset and property, plant and equipment for open stores where sales were affected due to the outbreak of, and local, state and federal governmental responses to, COVID-19. In conjunction with the store optimization program and store impairment, there were no charges for 2021 and during the years ended December 31, 2020 and 2019, the Company recorded the following: December 31, 2020 2019 Inventory reserves $ 12,880 $ 21,284 Operating lease asset impairment 15,520 14,943 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 4,864 8,754 Severance — 661 Total $ 35,329 $ 50,322 As the Company closes stores, it records charges for common area maintenance, insurance and taxes to be paid subsequent to such closures in accordance with the stores’ lease agreements. However, such amounts are immaterial. The fair values of the operating lease assets and property, plant and equipment were determined based on estimated future discounted cash flows for such assets using market participant assumptions, including data on the ability to sub-lease the stores. The charge for inventory reserves represents inventory that is disposed of following the closures of the stores and inventory that is sold below cost prior to such closures. The charge for inventory reserves was recorded in cost of sales in the Company’s statement of operations and comprehensive loss. The other charges were recorded in Store impairment and restructuring charges in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Asset Impairment [Abstract]
Goodwill	Note 4 – Goodwill Fiscal Year Ended December 31, 2021 2020 Wholesale segment: Beginning balance $ 333,184 $ 493,432 Goodwill impairment — ( 148,326 ) Foreign currency translation ( 414 ) 1,483 Goodwill related to divested international business* ( 1,042 ) ( 13,405 ) Ending balance 331,728 333,184 Retail segment: Beginning balance 328,067 578,898 Store acquisitions 4,501 1,512 Goodwill impairment — ( 253,110 ) Foreign currency translation — 767 Ending balance 332,568 328,067 Total ending balance, both segments $ 664,296 $ 661,251 * December 31, 2020 amount was classified within assets held for sale. The Company reviews goodwill and other intangibles that have indefinite lives for impairment annually as of October 1 or when events or changes in circumstances indicate the carrying value of these assets might exceed their current fair values. Impairment testing is based upon the best information available including estimates of fair value which incorporate assumptions marketplace participants would use in making their estimates of fair value. Significant assumptions and estimates are required, including, but not limited to, projecting future cash flows, determining appropriate discount rates and terminal growth rates, and other assumptions, to estimate the fair value of goodwill and indefinite lived intangible assets. Although the Company believes the assumptions and estimates made are reasonable and appropriate, different assumptions and estimates could materially impact its reported financial results. During the three months ended March 31, 2020, the Company identified intangible assets’ impairment indicators associated with its market capitalization and significantly reduced customer demand for its products due to COVID-19. As a result, the Company performed interim impairment tests on the goodwill at its retail and wholesale reporting units and its other indefinite lived intangible assets as of March 31, 2020. The interim impairment tests were performed using an income approach. The Company recognized non-cash pre-tax goodwill impairment charges at March 31, 2020 of $ 253,110 and $ 148,326 against the goodwill associated with its retail and wholesale reporting units, respectively. In addition, during the three months ended March 31, 2020, the Company recorded an impairment charge of $ 131,287 and $ 3,925 on its Party City and Halloween City tradenames, respectively. During the three months ended September 30, 2020 the Company determined that the fair value of certain indefinite-lived intangible assets is lower than the related book values. Additionally, for certain long-lived assets, the Company determined it was more likely than not that those long-lived assets would be disposed significantly before the end of their previously estimated useful lives. As a result, impairment charges of $ 11,032 , $ 2,423 and $ 31,277 were recorded in the third quarter on its business indefinite-lived trade name intangibles, finite-lived intangibles and tangible assets, respectively. During the three months ended December 31, 2020 and the twelve months ended December 31, 2021, there was no goodwill or intangibles impairment. During the three months ended September 30, 2019, and the three months ended December 31, 2019, the Company identified an impairment indicator associated with its market capitalization and performed impairment tests on the goodwill at its wholesale and retail reporting units and its other indefinite lived intangible assets as of September 30, 2019 and December 31, 2019. The Company recognized non-cash pre-tax goodwill impairment charges at September 30, 2019 of $ 224,100 and $ 35,000 and at December 31, 2019, of $ 271,500 and $ 25,400 , against the goodwill associated with its retail and wholesale reporting units, respectively. During 2019, there was no impairment on the Party City trade name and the Company recorded a Halloween City trade name impairment charge of $ 6,575 .

Sale_Leaseback Transaction

Sale/Leaseback Transaction	12 Months Ended
	Dec. 31, 2021
Sales Leaseback Transaction Disclosure [Abstract]
Sale/Leaseback Transaction	Note 5 – Sale/Leaseback Transaction In June 2019, the Company sold its main distribution center in Chester, New York, its metallic balloons manufacturing facility in Eden Prairie, Minnesota and its injection molded plastics manufacturing facility in Los Lunas, New Mexico. Simultaneously, the Company entered into twenty-year leases for each of the facilities. The aggregate sale price was $ 128,000 and, during the year ended December 31, 2019, the Company recorded a $ 58,381 gain on the sale, net of transaction costs, in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income. Under the terms of the lease agreements, the Company will pay total rent of $ 8,320 during the first year and the annual rent will increase by 2 % thereafter. The Chester and Eden Prairie leases are being accounted for as operating leases and the sale of such properties is included in the gain above. However, for the Los Lunas property, the present value of the lease payments is greater than substantially all of the fair value of the assets. Therefore, the lease is a finance lease and sale accounting treatment is prohibited. As such, the Company accounted for the proceeds as a financing lease. See Note 6 - Disposition of Assets and Assets and Liabilities Held for Sale regarding the Company's announcement of the closure of this facility. In conjunction with the sale/leaseback transaction, the Company amended its Term Loan Credit Agreement. The amendment required the Company to use half of the proceeds from the transaction, net of costs, to paydown part of the outstanding balance under such debt agreement. Additionally, the amendment required the Company to pay an immaterial “consent fee” to the lenders. As the Term Loan Credit Agreement is a loan syndication, the Company assessed, on a creditor-by-creditor basis, whether the amendment should be accounted for as an extinguishment or a modification. The Company concluded that, for each creditor, the amendment should be accounted for as a modification. Therefore, no capitalized deferred financing costs or original issuance discounts were written off in conjunction with the amendment. During June 2019, the Company used proceeds from the sale (net of costs) of $ 125,864 to paydown outstanding Term Loan debt of $ 62,770 with the balance used to paydown the ABL. See Note 12 — Long-Term Obligations.

Disposition of Assets and Asset

Disposition of Assets and Assets and Liabilities Held for Sale	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Disposition of Assets and Assets and Liabilities Held for Sale	Note 6 – Disposition of Assets and Assets and Liabilities Held for Sale In December 2021, the Company announced the closure of a manufacturing facility in New Mexico. The facility ceased operations in February 2022. In December 2021, the Company recorded charges of $ 11,545 consisting primarily of equipment and inventory impairments of $ 8,650 and $ 2,425 , respectively, and severance and other costs of $ 470 . The equipment impairment is reflected within Goodwill, intangibles and long-lived assets impairment, the inventory impairment charge is reflected within Cost of sales and the remaining charges are reflected within General and administrative expenses in the Consolidated Statement of Operations and Comprehensive (Loss) Income and are included in the Wholesale segment. In January 2021, the Company closed the previously disclosed sale of a substantial portion of its international operations. The announced sale had a total transaction value of approximately $ 50.7 million. The Company used the net proceeds to paydown debt. As of December 31, 2020, the Company reported the assets and liabilities of the international operations as held for sale in its consolidated balance sheet and include the following: Fiscal Year Ended December 31, 2020 Wholesale Retail Total Cash $ 25,989 $ 5,639 $ 31,628 Accounts receivable, net 31,932 460 32,392 Inventories, net 55,574 10,526 66,100 Prepaid expense 4,375 4,419 8,794 Goodwill 13,405 - 13,405 Other assets, net 1,891 2,848 4,739 Total assets held for sale $ 133,166 $ 23,892 157,058 Held for sale reserve ( 73,948 ) Assets held for sale, net $ 83,110 Fiscal Year Ended December 31, 2020 Wholesale Retail Total Loans and notes payable $ 1,311 $ — $ 1,311 Accounts payable 23,364 2,107 25,471 Current operating lease liability 4,174 384 4,558 Accrued expenses 16,527 6,998 23,525 Income taxes payable and Deferred income tax liabilities 258 1,976 2,234 Long term obligations excluding current portion 40 - 40 Other long-term liabilities - 3,354 3,354 Long term operating lease liability 6,167 1,832 7,999 Total, net $ 51,841 $ 16,651 $ 68,492 Additionally, the company recorded a loss reserve of $ 73,948 against the net assets. On October 1, 2019, the Company sold its Canadian-based Party City stores to a Canadian-based retailer for $ 131,711 and entered into a 10 -year supply agreement under which the acquirer agreed to purchase product from the Company for such Party City stores, as well as the acquirer’s other stores. The Company used the net proceeds to paydown debt. For the years ended December 31, 2019, 2018, and 2017, the Canadian-based Party City stores had pre-tax income of $ 2,631 , $ 10,737 , and $ 8,947 respectively. The Company recorded a $ 2,873 gain on sale of assets, which is reported in Other expense, net on the Consolidated Statement of Operations and Comprehensive (Loss) Income.

Inventories, Net

Inventories, Net	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventories, Net	Note 7 — Inventories, Net Inventories consisted of the following: December 31, 2021 2020 Finished goods $ 393,609 $ 367,275 Raw materials 25,624 27,111 Work in process 24,062 17,899 $ 443,295 $ 412,285 Inventories, net are valued at the lower of cost or net realizable value. The Company principally determines the cost of inventory using the weighted average method. The Company estimates retail inventory shrinkage for the period between physical inventory dates on a store-by-store basis. Inventory shrinkage estimates can be affected by changes in merchandise mix and changes in actual shortage trends. The shrinkage rate from the most recent physical inventory, in combination with historical experience, is the basis for estimating shrinkage. Consistent with the strategy of rationalizing in-store SKU count and improving working capital velocity, the Company has updated its seasonal assortment strategy to target higher in-season sell-through of merchandise and reduce annual inventory carry-over. The more edited and curated assortments are expected to improve the customer experience by making stores easier to shop and product selections more relevant to consumers, while also improving the efficiency of inventory management and reducing working capital needs. As a result, for inventory not required for future seasons, the Company recorded a reserve for future disposals of a total $ 68,707 in 2021 and disposed of and recorded a reserve for future disposals of a total of $ 88,358 in 2020. See Note 2 — Summary of Significant Accounting Policies, for a discussion of the Company’s accounting policies for inventories.

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Note 8 — Property, Plant and Equipment, Net Property, plant and equipment, net consisted of the following: December 31, 2021 2020 Useful lives Machinery and equipment $ 245,983 $ 247,255 3 - 15 years Buildings 6,277 9,982 40 years Data processing equipment 131,989 129,988 3 - 5 years Leasehold improvements 203,503 176,389 1 - 10 years Furniture and fixtures 228,818 218,452 5 - 10 years Land 180 8,359 816,750 790,425 Less: accumulated depreciation ( 594,880 ) ( 581,013 ) $ 221,870 $ 209,412 Depreciation expense related to property, plant and equipment, including assets under finance leases, was $ 56,189 , $ 65,144 , and $ 67,016 , for the years ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively. Assets under finance leases are principally included in buildings and machinery and equipment in the table above. See Note 3 and Note 6 for details regarding property, plant and equipment impairments.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Acquisitions	Note 9 — Acquisitions The allocation of the purchase price for the business combinations was based on the Company’s estimate of the fair value of the assets acquired and liabilities assumed. Goodwill, which is tax-deductible, arose due to numerous factors, including the wholesale profit generated via the sale of product from the Company’s wholesale operations through the acquired stores. Goodwill also arose due to: the value to the Company of customers knowing that there are party stores in the locations (when the Company opens a new store, sales are initially lower than those of mature stores and increase over time), the Company’s ability to run the stores more efficiently than the franchisee based on the Company’s experience with its corporate-owned stores and the assembled workforce at the acquired stores. In November 2019 the Company acquired all of the stock of two European-based online retailers, Livario GmbH and Webdots GmbH, for total cash consideration of approximately $ 9 million. Pro forma financial information has not been presented because the impact of the acquisitions individually, and in the aggregate, is not material to the Company’s consolidated financial results.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Note 10 — Intangible Assets The Company had the following other identifiable finite-lived intangible assets: December 31, 2021 Cost Accumulated Net Useful lives Franchise-related intangible assets $ 73,225 $ 59,311 $ 13,914 4 - 19 years Customer lists and relationships 58,911 49,154 9,757 2 - 20 years Copyrights and designs 29,030 29,014 16 5 - 7 years Total $ 161,166 $ 137,479 $ 23,687 December 31, 2020 Cost Accumulated Net Useful lives Franchise-related intangible assets $ 77,377 $ 57,524 $ 19,853 4 - 19 years Customer lists and relationships 62,002 49,739 12,263 2 - 20 years Copyrights and designs 29,030 29,012 18 5 - 7 years Total $ 168,409 $ 136,275 $ 32,134 The Company is amortizing the majority of its intangible assets utilizing accelerated patterns based on the discounted cash flows that were used to value such assets. The amortization expense for finite-lived intangible assets for the years ended December 31, 2021, December 31, 2020, and December 31, 2019 was $ 9,075 , $ 11,362 , and $ 14,100 , respectively. Estimated amortization expense for each of the next five years will be approximately $ 5,565 , $ 3,988 , $ 3,380 , $ 2,847 , and $ 2,468 , respectively. In addition to the Company’s finite-lived intangible assets, the Company has recorded indefinite-lived intangible assets for the Party City trade name, the Amscan trade name, the Halloween City trade name, the Christys trade name, the Granmark trade name, the partycity.com domain name. During the three months ended March 31, 2020, the Company recorded an impairment charges of $ 131,287 and $ 3,925 on its Party City and Halloween City tradenames, respectively. During 2019, the Company recorded a Halloween City tradename impairment charge of $ 6,575 . During the three months ended September 30, 2020 the Company has determined that the fair value of certain indefinite-lived intangible assets is lower than the related book values. Additionally, for certain long-lived assets it is more likely than not that those long-lived assets will be disposed significantly before the end of their previously estimated useful lives. As a result, impairment charges of $ 11,032 , $ 2,423 and $ 31,277 were recorded in the third quarter on its business indefinite-lived trade name intangibles, finite-lived intangibles and tangible assets, respectively.

Loans and Notes Payable

Loans and Notes Payable	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Loans and Notes Payable	Note 11 — Loans and Notes Payable ABL Facility Prior to April 2019, the Company had a $ 540,000 asset-based revolving credit facility (with a seasonal increase to $ 640,000 during a certain period of each calendar year) (“ABL Facility”), which matures during August 2023 (subject to a springing maturity at an earlier date if the maturity date of certain of the Company’s other debt has not been extended or refinanced). It provides for (a) revolving loans, subject to a borrowing base described below, and (b) letters of credit, in an aggregate face amount at any time outstanding not to exceed $ 50,000 . During April 2019, the Company amended the ABL Facility. Such amendment removed the seasonal component and made the ABL Facility a $ 640,000 facility with no seasonal modification component. In February 2021 in conjunction with the issuance of 8.75 % Senior Secured First Lien Notes – due 2026 as discussed on Note 12 - Long-Term Obligations, the Company amended the ABL Facility by reducing the commitments to $ 475,000 and extending the maturity to February 2026, or earlier as provided for in the agreement. In conjunction with the amendment, the Company wrote-off a portion of existing deferred financing costs. Such amount was recorded in Other expense, net in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income and included in Gain on debt repayment in the Company’s Consolidated Statement of Cash Flows. The remaining capitalized costs, and $ 2,400 of new third-party costs incurred in conjunction with the amendment, will be amortized over the revised term of the ABL Facility. Under the ABL Facility, the borrowing base at any time equals (a) a percentage of eligible trade receivables, plus (b) a percentage of eligible inventory, plus (c) a percentage of eligible credit card receivables, less (d) certain reserves. The ABL Facility generally provides for two pricing options: (i) an alternate base interest rate (“ABR”) equal to the greater of (a) the prime rate, (b) the federal funds rate plus 0.5 % or (c) the LIBOR rate plus 1 %, in each case, on the date of such borrowing or (ii) a LIBOR based interest rate, in each case plus an applicable margin. The applicable margin ranges from 0.25 % to 0.50 % with respect to ABR borrowings and from 1.25 % to 1.50 % with respect to LIBOR borrowings. In addition to paying interest on outstanding principal, the Company is required to pay a commitment fee of 0.25 % per annum in respect of unutilized commitments. The Company must also pay customary letter of credit fees. All obligations under the ABL Facility are jointly and severally guaranteed by PC Intermediate, PCHI and each existing and future domestic subsidiary of PCHI. PCHI and each guarantor has secured its obligations, subject to certain exceptions and limitations, including obligations under its guaranty, as applicable, by a first-priority lien on its accounts receivable, inventory, cash and certain related assets and a second-priority lien on substantially all of its other assets. The facility contains negative covenants that, among other things and subject to certain exceptions, restrict the ability of PCHI to: • incur additional indebtedness; • pay dividends on capital stock or redeem, repurchase or retire capital stock; • make certain investments, loans, advances and acquisitions; • engage in transactions with affiliates; • create liens; and • transfer or sell certain assets. In addition, PCHI must comply with a fixed charge coverage ratio if excess availability under the ABL Facility on any day is less than the greater of: (a) 10 % of the lesser of the aggregate commitments and the then borrowing base under the ABL Facility and (b) $ 40,000 . The fixed charge coverage ratio is the ratio of (i) Adjusted EBITDA (as defined in the facility) minus maintenance-related capital expenditures (as defined in the facility) to (ii) fixed charges (as defined in the facility). The ABL Facility also contains certain customary affirmative covenants and events of default. In connection with entering into and amending the ABL Facility, the Company incurred and capitalized third-party costs. All capitalized costs are being amortized over the life of the ABL Facility and are included in loans and notes payable in the Company’s consolidated balance sheet. The balance of related unamortized financing costs at December 31, 2021 and December 31, 2020 was $ 2,889 and $ 1,419 , respectively. Borrowings under the ABL Facility totaled $ 87,070 at December 31, 2021 and $177,125 at December 31, 2020. The weighted average interest rate for such borrowings was 2.64 % at December 31, 2021 and 2.34 % at December 31, 2020. Outstanding standby letters of credit totaled $ 24,940 at December 31, 2021 and $ 24,452 at December 31, 2020. After considering borrowing base restrictions, at December 31, 2021 PCHI had $ 192,410 of available borrowing capacity under the terms of the facility and $ 176,522 at December 31, 2020. Availability as of December 31, 2021 is based upon the borrowing base then in effect of $ 304,420 , less $ 24,940 of outstanding undrawn letters of credit and $ 87,070 then drawn. In connection with the issuance of the First Lien Party City Notes, First Lien Anagram Notes, Second Lien Anagram Notes, referenced in Note 12 – Long Term Obligations, PCHI (1) reduced the ABL revolving commitments and prepaid the outstanding ABL revolving loans, in each case, in an aggregate principal amount equal to $ 44,000 in accordance with the ABL Facility credit agreement, and (2) designated Anagram Holdings and each of its subsidiaries as an unrestricted subsidiary under the ABL Facility and the Term Loan Credit Agreement. Anagram ABL Facility On May 7, 2021, Anagram Holdings, LLC (“Anagram”), a wholly owned subsidiary of the Company, entered into a $ 15 million asset based revolving credit facility (“Anagram ABL Facility”), which matures during May 2024 . It provides for (a) revolving loans, subject to a borrowing base described below, and (b) under the Anagram ABL Facility, Borrowers would be entitled to request letters of credit (“Letters of Credit”). The aggregate amount of outstanding Letters of Credit would be reserved against the credit availability and subject to a $ 3 million cap. Under the Anagram ABL Facility, the borrowing base at any time equals (a) a percentage of eligible trade receivables, plus (b) a percentage of eligible inventory, plus (c) a percentage of eligible credit card receivables, less (d) certain reserves. The Anagram ABL Facility generally provides for the following pricing options: All revolving loans will bear interest, at the Anagram's election, at a per annum rate equal to either (a) a base rate, which represents for any day a rate equal to the greater of (i) the prime rate on such day subject to a 0 % floor, (ii) the 0.5 % and (iii) one-half of one percent per annum, in each case, plus a margin of 1.5 % or (b) the Daily One Month LIBOR subject to a 0.5 % floor, plus a margin of 2.5 %. In addition to paying interest on outstanding principal, Anagram is required to pay a commitment fee of 0.5 % to 1 % per annum in respect of unutilized commitments. Anagram must also pay customary letter of credit fees. All obligations under the Anagram ABL Facility are jointly and severally guaranteed by Anagram and its subsidiaries. The Anagram ABL facility contains covenants and events of default customary for such credit facilities. There were no amounts outstanding under the Anagram ABL Facility at December 31, 2021.

Long-Term Obligations

Long-Term Obligations	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Long-Term Obligations	Note 12 — Long-Te rm Obligations Long-term obligations consisted of the following: December 31, 2021 December 31, 2020 Principal Amount Gross Carrying Amount Deferred Financing Costs* Net Carrying Amount Net Carrying Senior secured term loan facility (“Term Loan Credit Agreement”) $ — $ — $ — $ — $ 690,165 8.75 % Senior Secured First Lien Notes – due 2026 750,000 750,000 ( 17,043 ) 732,957 — 6.125 % Senior Notes — due 2023 22,924 22,924 ( 90 ) 22,834 22,779 6.625 % Senior Notes — due 2026 92,254 92,254 ( 663 ) 91,591 106,315 First Lien Party City Notes – due 2025 161,669 198,004 — 198,004 206,775 First Lien Anagram Notes – due 2025 115,804 150,326 ( 757 ) 149,569 151,335 Second Lien Anagram Notes – due 2026 89,155 144,619 — 144,619 152,032 Finance lease obligations 12,988 12,988 — 12,988 13,983 Total long-term obligations 1,244,794 1,371,115 ( 18,553 ) 1,352,562 1,343,384 Less: current portion (1,373 ) (1,373 ) — ( 1,373 ) ( 13,576 ) Long-term obligations, excluding current portion $ 1,243,421 $ 1,369,742 $ ( 18,553 ) $ 1,351,189 $ 1,329,808 * The Company incurred and capitalized third-party costs as deferred financing, which is being amortized over the life of the debt. Senior secured term loan facility (“Term Loan Credit Agreement”) As discussed below in 8.750 % Senior Secured First Lien Notes – due 2026, the Company used the proceeds from the 8.750 % Senior Notes to prepay the outstanding balance of $ 694,220 under the Term Loan Credit Agreement. The prepayment of the Term Loan Credit Agreement was in accordance with the terms of such agreement. Before being prepaid, the Term Loan Credit Agreement, as amended, provides for two pricing options for outstanding loans: (i) an ABR for any day, a rate per annum equal to the greater of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5 %, (c) the adjusted LIBOR rate plus 1 % and (d) 1.75 % or (ii) the LIBOR rate, with a LIBOR floor of 0.75 %, in each case plus an applicable margin . The applicable margin for ABR and LIBOR borrowings are 1.75 % and 2.75 %, respectively, and will drop to 1.50 % and 2.50 %, respectively, if PCHI’s Senior Secured Leverage Ratio, as defined by the agreement, falls below 3.2 to 1.0 . The term loans under the Term Loan Credit Agreement mature on August 19, 2022 . The Company is required to repay installments on the loans in quarterly principal amounts of 0.25 %, with the remaining amount payable on the maturity date. Additionally, outstanding term loans are subject to mandatory prepayment, subject to certain exceptions, with (i) 100 % of net proceeds above a threshold amount of certain asset sales/insurance proceeds, subject to reinvestment rights and certain other exceptions, (ii) 100 % of the net cash proceeds of any incurrence of debt other than debt permitted under the Term Loan Credit Agreement, and (iii) 50 % of Excess Cash Flow, as defined in the agreement, if any (reduced to 25 % if PCHI’s first lien leverage ratio (as defined in the agreement) is less than 3.50 to 1.00 , but greater than 2.50 to 1.00 , and 0 % if PCHI’s first lien leverage ratio is less than 2.50 to 1.00 ). As indicated in Note 5, the Company paid down Term Loan debt of $ 62,770 . Additionally, in connection with the 2019 sale leaseback transaction and the sale of its Canadian retail operations, the Company used the net proceeds that remained uninvested on the anniversary date of each transaction to pay its term loan principal. The term loans may be voluntarily prepaid at any time without premium or penalty, other than customary breakage costs with respect to loans based on the LIBOR rate. The Term Loan Credit Agreement contains certain customary affirmative covenants and events of default. Additionally, it contains negative covenants which, among other things and subject to certain exceptions, restrict the ability of PCHI to: • incur additional indebtedness; • pay dividends on capital stock or redeem, repurchase or retire capital stock; • make certain investments, loans, advances and acquisitions; • engage in transactions with affiliates; • create liens; and • transfer or sell certain assets. At December 31, 2020 all outstanding borrowings were based on LIBOR and were at weighted average interest rate of 3.25 %. 8.75% Senior Secured First Lien Notes – due 2026 During February 2021, PCHI issued $ 750,000 of senior secured first lien notes at an interest rate of 8.750 % (“ 8.750 % Senior Notes”). The 8.750% Senior Notes will mature in February 2026 . The Company used the proceeds from the 8.750% Senior Notes to prepay the outstanding balance of $ 694,220 under its existing Term Loan Credit Agreement. The prepayment of the Term Loan Credit Agreement was in accordance with the terms of such agreement. In connection with the transaction, the Company wrote-off a portion of the existing capitalized deferred financing costs and original issuance discounts. Additionally, the Company incurred $ 18,976 of third-party fees, principally banker fees. The amounts expensed were recorded in Other expense, net in the Company’s Consolidated Statement of Operations and Comprehensive (Loss) Income and included in Gain on debt repayment in the Company’s Consolidated Statement of Cash Flows. Interest on the 8.750% Senior Notes is payable semi-annually in arrears on February 15th and August 15th of each year. The 8.750% Senior Notes are guaranteed, jointly and severally, on a senior secured basis by each of PCHI’s existing and future domestic subsidiaries. The 8.750% Senior Notes and related guarantees are secured by a first priority lien on substantially all assets of PCHI and the guarantors, except for the collateral that secures the senior credit facilities on a first lien basis, with respect to which the 8.750% Senior Notes and related guarantees will be secured by a second priority lien, in each case subject to permitted liens and certain exclusions and release provisions. The indenture governing the 8.750% Senior Notes contains covenants that, among other things, limit the PCHI’s ability and the ability of its restricted subsidiaries to: • incur additional indebtedness or issue certain disqualified stock or preferred stock; • create liens; • pay dividends or distributions, redeem or repurchase equity; • prepay junior lien indebtedness, unsecured pari passu indebtedness or subordinated indebtedness or make certain investments; • transfer or sell assets; • engage in consolidation, amalgamation or merger, or sell, transfer or otherwise dispose of all or substantially all of their assets; and • enter into certain transactions with affiliates. The indenture governing the notes also contains certain customary affirmative covenants and events of default. On or after August 15, 2023, 2024, and 2025, respectively, PCHI may redeem some or all of the 8.750 % Senior Notes at the redemption price of 104.375 %, 102.188 % and 100.000 %, respectively, plus accrued and unpaid interest, if any. In addition, PCHI may redeem up to 40 % of the aggregate principal amount outstanding on or before August 15, 2023 with the cash proceeds from certain equity offerings at a redemption price of 108.750 % of the principal amount, plus accrued and unpaid interest. PCHI may also redeem some or all of the notes before August 15, 2023 at a redemption price of 100 % of the principal amount plus a premium that is defined in the indenture. At any time prior to August 15, 2023, PCHI may also at its option redeem during each 12-month period commencing with the issue date up to 10 % of the aggregate principal amount of the 8.750 % Senior Notes at a redemption price of 103 % of the aggregate principal amount, plus accrued and unpaid interest, if any. Also, if PCHI experiences certain types of change in control, as defined, it may be required to offer to repurchase the 8.750% Senior Notes at 101 % of their principal amount. 6.125% Senior Notes — Due 2023 (“6.125% Senior Notes”) The 6.125 % Senior Notes mature on August 15, 2023 . Interest on the notes is payable semi-annually in arrears on February 15 and August 15 of each year. The notes are guaranteed, jointly and severally, on a senior basis by each of PCHI’s existing and future wholly-owned domestic subsidiaries. The notes and the guarantees are general unsecured senior obligations and are effectively subordinated to all other secured debt to the extent of the assets securing such secured debt. The indenture governing the notes contains certain covenants limiting, among other things and subject to certain exceptions, PCHI’s ability to: • incur additional indebtedness or issue certain disqualified stock and preferred stock; • pay dividends or distributions, redeem or repurchase equity; • prepay subordinated debt or make certain investments; • engage in transactions with affiliates; • consolidate, merge or transfer all or substantially all of PCHI’s assets; • create liens; and • transfer or sell certain assets. The indenture governing the notes also contains certain customary affirmative covenants and events of default. The Company may redeem the notes, in whole or in part, at par. Also, if the Company experiences certain types of change in control, as defined, the Company may be required to offer to repurchase the Senior Notes at 101 % of their principal amount. In connection with issuing the notes, the Company incurred and capitalized third-party costs. Capitalized costs are being amortized over the life of the debt and are included in long-term obligations, excluding current portion, in the Company’s consolidated balance sheet. 6.625% Senior Notes — Due 2026 (“6.625% Senior Notes”) The 6.625 % Senior Notes mature on August 1, 2026 . Interest on the notes is payable semi-annually in arrears on February 1st and August 1st of each year. The notes are guaranteed, jointly and severally, on a senior basis by each of PCHI’s existing and future wholly-owned domestic subsidiaries. The notes and the guarantees are general unsecured senior obligations and are effectively subordinated to all other secured debt to the extent of the assets securing such secured debt. The indenture governing the notes contains certain covenants limiting, among other things and subject to certain exceptions, PCHI’s ability to: • incur additional indebtedness or issue certain disqualified stock and preferred stock; • pay dividends or distributions, redeem or repurchase equity; • prepay subordinated debt or make certain investments; • engage in transactions with affiliates; • consolidate, merge or transfer all or substantially all of PCHI’s assets; • create liens; and • transfer or sell certain assets. The indenture governing the notes also contains certain customary affirmative covenants and events of default. On or after August 1, 2021, the Company may redeem the notes, in whole or in part, at the following (expressed as a percentage of the principal amount to be redeemed): Twelve-month period beginning on August 1, Percentage 2021 103.313 % 2022 101.656 % 2023 and thereafter 100.000 % In addition, the Company may redeem up to 40 % of the aggregate principal amount outstanding on or before August 1, 2021 with the cash proceeds from certain equity offerings at a redemption price of 106.625 % of the principal amount. The Company may also redeem some or all of the notes before August 1, 2021 at a redemption price of 100 % of the principal amount plus a premium that is defined in the indenture. Also, if the Company experiences certain types of change in control, as defined, the Company may be required to offer to repurchase the notes at 101 % of their principal amount. First Lien Party City Notes, First Lien Anagram Notes, Second Lien Anagram Notes On July 30, 2020 (the “Settlement Date”), the Company and certain of its direct or indirect subsidiaries, including PCHI, Anagram Holdings, LLC, a Delaware limited liability company and wholly owned direct subsidiary of PCHI (“Anagram Holdings”), and Anagram International, Inc., a Minnesota corporation and wholly owned direct subsidiary of Anagram Holdings, completed certain refinancing transactions, including, among other things: (i) the exchange of $ 327,076 of 6.125 % Senior Notes due 2023 (the “2023 Notes”) and $ 392,746 of 6.625 % Senior Notes due 2026 (the “2026 Notes” and, together with the 2023 Notes, the “Existing Notes”) issued by PCHI, in each case tendered in the Company’s offers to exchange pursuant to the terms described in a confidential offering memorandum, for (A) $ 156,669 of Senior Secured First Lien Floating Rate Notes due 2025 (the “First Lien Party City Notes”) issued by PCHI; (B) $ 84,687 of 10.00 % PIK/Cash Senior Secured Second Lien Notes due 2026 (the “Second Lien Anagram Notes”) issued by Anagram Holdings and Anagram International (together, the “Anagram Issuers”); and (C) 15,942,551 shares of the Company’s common stock, $ 0.01 par value per share (the “Common Stock”); (ii) the issuance of $ 110,000 in the aggregate of 15.00 % PIK/Cash Senior Secured First Lien Notes due 2025 (the “First Lien Anagram Notes”) by the Anagram Issuers and an additional $ 5,000 of First Lien Party City Notes in connection with a rights offering and a private placement, as applicable; and (iii) the solicitations of certain consents with respect to the indentures governing Existing Notes. The First Lien Party City Notes were issued pursuant to an indenture, dated as of the Settlement Date, among PCHI, as issuer, certain guarantors party thereto (the “Party City Guarantors”) and Ankura Trust Company, LLC (“Ankura”), as trustee and collateral trustee. The First Lien Party City Notes were issued in an aggregate amount of $ 161,669 and will mature on July 15, 2025 . Interest on the First Lien Party City Notes accrues from the Settlement Date at a floating rate equal to the 6-month London Inter-Bank Offered Rate plus 500 basis points (with a floor of 75 basis points) per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2021. The First Lien Party City Notes are senior secured obligations of PCHI and the Party City Guarantors. The First Lien Party City Notes are pari passu in right of payment with all of PCHI’s other senior indebtedness, including the existing senior secured term loan facility and the ABL Facility, and are structurally subordinated to the First Lien Anagram Notes and the Second Lien Anagram Notes, to the extent of the value of the Anagram Collateral (as defined below). The First Lien Party City Notes are secured by a first priority lien on collateral that includes liens on substantially all assets (other than certain accounts, inventory, deposit accounts, securities accounts, related assets and general intangibles) of the Party City Guarantors, in each case subject to certain exceptions and permitted liens. The First Lien Anagram Notes were issued pursuant to an indenture, dated as of the Settlement Date, among Anagram Holdings, as issuer, Anagram International, as co-issuer, certain guarantors party thereto (the “Anagram Guarantors”) and Ankura, as trustee and collateral trustee. The First Lien Anagram Notes were issued in an aggregate amount of $ 110,000 and will mature on August 15, 2025 . Interest on the First Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 10.00 % per annum, payable in cash; and (ii) a rate of 5.00 % per annum payable by increasing the principal amount of the outstanding First Lien Anagram Notes or issuing additional First Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021. The First Lien Anagram Notes are senior secured obligations of the Anagram Issuers and are pari passu in right of payment with all of the Anagram Issuers’ other senior indebtedness. The First Lien Anagram Notes are secured by a first priority lien on collateral that consists of substantially all assets and properties of the Anagram Issuers and the Anagram Guarantors, subject to certain exceptions and permitted liens (the “Anagram Collateral”). Such security interests are senior in priority to the security interests in such assets that secure the Second Lien Anagram Notes. The Second Lien Anagram Notes were issued pursuant to an indenture, dated as of the Settlement Date, among Anagram Holdings, as issuer, Anagram International, as co-issuer, the Anagram Guarantors and Ankura, as trustee and collateral trustee. The Second Lien Anagram Notes were issued in an aggregate amount of $ 84,687 and will mature on August 15, 2026 . Interest on the Second Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 5.00 % per annum, payable, at the Anagram Issuers’ option, entirely in cash or entirely by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be; and (ii) a rate of 5.00 % per annum payable by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021 ; provided, however, that on August 15, 2025, interest will be required to be paid by increasing the principal amount of the Second Lien Anagram Notes or issuing the principal amount of the Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes. On February 15, 2026, the Anagram Issuers will prepay in cash a portion of the Second Lien Anagram Notes then outstanding in an amount necessary such that the Second Lien Anagram Notes are not treated as “applicable high yield discount obligations” within the meaning of Section 163(i) of the Internal Revenue Code of 1986, as amended. The Second Lien Anagram Notes are senior secured obligations of the Anagram Issuers and are pari passu in right of payment with all of the Anagram Issuers’ other senior indebtedness. The Second Lien Anagram Notes are secured by a second priority lien on the Anagram Collateral. Such security interests are junior to the security interests in such assets that secure the First Lien Anagram Notes. The Company evaluated the refinancing transaction in accordance with ASC 470-60 Troubled Debt Restructuring. The exchange of the 2023 Notes and 2026 Notes for the First Lien Party City Notes, Second Lien Anagram Notes and shares of Company Common Stock, as well as the concurrent purchase by the participants in the exchange of First Lien Anagram Notes represents a troubled debt restructuring (“TDR”). As the future undiscounted cash flows of the restructured debt were less than the net carrying value of the Existing Notes (including accrued interest and unamortized discount) adjusted for Common Stock issued to the participants in the exchange and such participants’ purchase of and lenders’ participation in the First Lien Anagram Notes, the Company recognized a gain of $ 273,149 which reflects $ 18,902 of third-party fees incurred, and $ 27,007 of Common Stock issued in the exchange. The Company received $ 39,544 of cash from the participants in the exchange related to $ 44,500 of principal amount of First Lien Anagram Notes with an undiscounted value of $ 82,160 , which includes interest expense. Interest expense is not currently recognized for this portion of the restructured debt. Another portion of the restructured debt related to one holder of Existing Notes did not result in gain recognition as the undiscounted cash flows of the restructured debt was higher than the carrying value of the existing debt. The carrying amount of this portion of the restructured debt is $ 32,328 and the interest expense will be recognized prospectively at a 3.5 % effective interest rate. Amounts attributed to purchasers of the First Lien Anagram Notes who were not participants in the exchange (principal balance of $ 50,500 ) are recognized at consideration received less allocated transaction costs (netting to $ 45,678 ) and the effective interest method will be used to recognize interest expense prospectively. Finance Lease Obligations Additionally, the Company has entered into various finance leases for building, machinery and equipment. At December 31, 2021 and December 31, 2020 the balances of such leases were $ 12,988 and $ 13,983 , respectively. Other Subject to certain exceptions, PCHI may not make certain payments, including the payment of dividends to its shareholders (“restricted payments”), unless certain conditions are met under the terms of the indentures governing the senior notes, the ABL Facility and the Term Loan Credit Agreement. As of December 31, 2020, the most restrictive of these conditions existed in the Term Loan Credit Agreement, which limited restricted payments based on PCHI’s consolidated net income and leverage ratios. PCHI’s parent companies, PC Intermediate, PC Nextco and Party City Holdco, have no assets or operations other than their investments in their subsidiaries and income from those subsidiaries. At December 3 1, 2021, maturities of long-term obligations consisted of the following: Long-Term Finance Lease Totals 2022 $ — $ 1,373 $ 1,373 2023 22,924 521 23,445 2024 — 401 401 2025 348,330 365 348,695 2026 986,873 407 987,280 Thereafter — 9,921 9,921 Long-term obligations $ 1,358,127 $ 12,988 $ 1,371,115

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Capital Stock	Note 13 — Capital Stock At December 31, 2021, the Company’s authorized capital stock consisted of 300,000,000 shares of $ 0.01 par value common stock and 15,000,000 shares of $ 0.01 par value preferred stock. The changes in common shares outstanding during the three years ended December 31, 2019, December 31, 2020, and December 31, 2021 were as follows: Common Shares Outstanding at December 31, 2018 93,622,934 Issuance of restricted stock and restricted stock units 564,729 Treasury stock purchases ( 15,679 ) Vesting of restricted stock and restricted stock units 74,292 Exercise of stock options 215,300 Common Shares Outstanding at December 31, 2019 94,461,576 Issuance of stock as part of debt refinancing 15,942,551 Issuance of shares to directors 81,843 Treasury stock purchases ( 21,685 ) Vesting of restricted stock and restricted stock units 203,328 Exercise of stock options 114,000 Common Shares Outstanding at December 31, 2020 110,781,613 Issuance of shares to directors 353,911 Treasury stock purchases ( 706,458 ) Vesting of restricted stock and restricted stock units 1,670,995 Exercise of warrants 366,503 Cancellation of restricted stock awards ( 986,420 ) Exercise of stock options 690,800 Common Shares Outstanding at December 31, 2021 112,170,944 During the year ended December 31, 2021 , the Company purchased 706,458 treasury shares for $ 5,351 from its employees to cover federal and state and other tax withholdings associated with the vesting of restricted stock and restricted stock units. During the year ended December 31, 2020 , the Company purchased 21,685 treasury shares for $ 96 from its employees to cover federal and state and other tax withholdings associated with the vesting of restricted stock and restricted stock units. Additionally, during the year ended December 31, 2019, the Company purchased 15,679 treasury shares for $ 156 from its employees to cover federal and state and other tax withholdings associated with the vesting of restricted stock and restricted stock units. The shares are included in “common stock held in treasury” in the Company’s consolidated balance sheet.

Other (Income) Expense, net

Other (Income) Expense, net	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
Other (Income) Expense, net	Note 14 — Other (Income) Expense, net Fiscal Year Ended December 31, 2021 2020 2019 Other (income) expense, net consists of the following: Undistributed loss (income) in equity method investments $ ( 220 ) $ 333 $ ( 472 ) Foreign currency (gain) losses ( 953 ) ( 1,058 ) 421 Debt refinancings (see Note 12) — — 36 Corporate development expenses 561 2,185 2,472 (Gain) on sale of Canada retail assets — — ( 2,873 ) Sale of ownership interest in Punchbowl (see Note 21) — — 2,169 Loss on sale of assets 143 95 — Other, net ( 145 ) 2,160 * 118 Other (income) expense, net $ ( 614 ) $ 3,715 $ 1,871 *2020 balance consists of expense related to Kazzam (see Note 25) and fees from international operations owned in 2020 (see Note 6)

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Postemployment Benefits [Abstract]
Employee Benefit Plans	Note 15 — Employee Benefit Plans Certain subsidiaries of the Company maintain defined contribution plans for eligible employees. The plans require the subsidiaries to match from approximately 11 % to 100 % of voluntary employee contributions to the plans, not to exceed a maximum amount of the employee’s annual salary, ranging from 5 % to 6 %. Expense for the plans for the years ended December 31, 2021, December 31, 2020, and December 31, 2019 totaled $ 9,460 , $ 8,615 , and $ 7,944 , respectively.

Equity Incentive Plans

Equity Incentive Plans	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Equity Incentive Plans	Note 16 — Equity Incentive Plans Party City Holdco has adopted the Amended and Restated 2012 Omnibus Equity Incentive Plan (the “2012 Plan”) under which it can grant incentive awards in the form of stock appreciation rights, restricted stock, restricted stock units and common stock options to certain directors, officers, employees and consultants of Party City Holdco and its affiliates. The maximum number of shares reserved under the 2012 Plan is 15,316,000 shares. Time-based options Party City Holdco grants time-based options to key eligible employees and outside directors. In conjunction with the options, the Company recorded compensation expense of $ 396 , $ 796 , and $ 1,319 du ring the years ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively. There were no time-based options granted during the year ended December 31, 2021. The fair value of time-based options granted during the year ended December 31, 2020 was estimated on the grant date using a Black-Scholes option valuation model based on the assumptions in the following table: Expected dividend rate — % Risk-free interest rate 0.2 % to 2.44 % Volatility 29.06 % to 135.74 % Expected option term 1.8 years — 5 years The Company determined volatility based on the average historical volatility of guideline companies. The Company estimated such expected terms based on the assumption that options will be exercised at the mid-point of the vesting of the options and the completion of the contractual lives of such options. The Company has based its estimated forfeiture rate on historical forfeitures for time-based options as the number of options given to each of the various levels of management is principally consistent with historical grants and forfeitures are expected to be materially consistent with past experience. The Company’s time-based options principally vest 20 % on each anniversary date. The Company records compensation expense for such options on a straight-lin e basis. As of December 31, 2021, there was $ 387 of unrecognized compensation cost, which will be recognized over a weighted-average period of approximately 13 months. Performance-based options During 2013, Party City Holdco granted performance-based stock options to key employees and independent directors. For those performance-based options, vesting was contingent on Thomas H. Lee Partners, L.P. (“THL”) achieving specified investment returns when it sold its entire ownership stake in Party City Holdco. In June 2020, THL distributed its remaining shares. At the time of the THL distribution, there were 2,539,600 performance options outstanding with an average grant date fair value of $ 3.09 . No ne of the performance-based options vested as the specified investment returns were not attained. The Company recorded compensation expense of $ 7,847 for the year ended December 31, 2020. As Party City Holdco’s stock was not publicly traded when the performance-based options were granted, the Company determined volatility based on the average historical volatility of guideline companies. The following table summarizes the changes in outstanding stock options for the years ended December 31, 2019, December 31, 2020, and December 31, 2021. Options Average Average Fair Aggregate Weighted Outstanding at December 31, 2018 6,927,174 $ 9.39 $ 4,089 5.2 Granted 337,000 $ 6.43 $ 2.16 Exercised ( 215,300 ) $ 5.33 Forfeited ( 730,157 ) $ 13.00 Outstanding at December 31, 2019 6,318,717 $ 8.95 $ 41,784 4.4 Granted 300,000 $ 3.67 $ 5.04 Exercised ( 114,000 ) $ 5.04 Forfeited ( 3,213,542 ) $ 5.99 Outstanding at December 31, 2020 3,291,175 $ 7.63 $ ( 41,545 ) 3.3 Granted — $ - Exercised ( 690,800 ) $ 5.33 Forfeited ( 1,568,156 ) $ 15.12 Outstanding at December 31, 2021 1,032,219 $ 10.18 $ ( 4,754 ) 4.5 Exercisable at December 31, 2021 862,719 $ 10.42 $ ( 4,182 ) 4.0 Expected to vest at December 31, 2021 (excluding performance-based options) 169,500 $ 8.95 $ ( 572,315 ) 7.2 The intrinsic value of options exercised was $ 1,277 , $ 332 and $ 1,254 for the years ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively. The fair value of options vested was $ 410 , $ 254 , and $ 2,118 , during the years ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively. Restricted stock and Restricted Stock Units The Company granted restricted stock and restricted stock units to certain executives, senior leaders and the Company’s independent directors. To the extent that the awards vest, the participants receive shares of the Company’s stock. The Company awarded restricted stock units based solely on service conditions. To the extent that such awards vest, one share of stock is issued for each award. These awards vest 1/3 per year over a 3-year period. In 2018, 2019, 2020 and 2021, 358,506 , 143,457 , 614,939 and 1,361,289 units were awarded, respectively. During the years ended December 31, 2021 , 2020 and 2019, the Company recorded $ 2,557 and $ 2,071 and $ 2,033 of compensation expense related to the service-based awards, respectively. Additionally, in 2018 and 2019 the Company granted performance-based awards that vest if certain cash flow and earnings per share targets are met for the three-year periods from January 1, 2018 to December 31, 2020 and January 1, 2019 to December 31,2021. Based on the Company’s results for the periods above the Company concluded that the performance conditions were not met and, therefore, the Company did no t record any compensation expense for the awards. The Company has based its estimated forfeiture rate for the restricted stock units and restricted stock on historical forfeitures for the Company’s time-based stock options as the number of awards given to each of the various levels of management is principally consistent with historical stock option grants and forfeitures are expected to be materially consistent with past experience. As of December 31, 2021 and December 31, 2020, there were $ 8,095 and $ 1,491 of unrecognized compensation cost for the service-based awards, respectively. Performance-based restricted stock units (PRSUs) On July 18, 2020, 6,448,276 performance-based restricted stock units ("PRSUs") and Restricted Cash awards were granted to certain executive officers and other employees. The performance period is three years from the grant date. The PRSUs and Restricted Cash become earned in a given period if the volume weighted average of the fair market value per share of the Common Stock meets or exceeds $ 2.50 , $ 5.00 , $ 7.50 , and $ 10.00 , respectively, for a period of not less than 90 consecutive days on the N e w Yo rk Stock Exchange and are subject to up to 2 years service-vesting after the achievement of these thresholds. The PRSUs and Restricted Cash awards are measured at fair value based on Monte Carlo simulation models, based on the assumptions in the table below . The PRSUs will be settled in Party City common stock and are accounted for as equity awards and the Restricted Cash will be settled in cash and are accounted for as liability awards. Expected dividend rate — % Risk-free interest rate 0.30 % to 0.32 % Volatility 106.31 % to 140.02 % Weighted average grant date fair value $ 1.02 At December 31, 2021, there was $ 2,061 o f total unrecognized compensation cost related to unvested PRSUs and Restricted Cash awards, which is expected to be recognized over 2.8 years. During the years ended December 31, 2021 and 2020, the Company recorded $ 3,773 and $ 1,460 of compensation expense related to these awards, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 17 — Income Taxes As outlined in Note 12 — Long-Term Obligations, on July 30, 2020, the Company and certain of its direct or indirect subsidiaries, completed certain refinancing transactions and as a result a substantial amount of the Company’s debt was extinguished. Absent an exception, a debtor recognizes cancellation of indebtedness income (CODI) upon discharge of its outstanding indebtedness for an amount of consideration that is less than its adjusted issue price. Since the Company was considered insolvent for tax purposes immediately before the exchange, CODI can be excluded from taxable income to the extent that the Company’s liabilities exceeded the fair market value of its gross assets at the date of the exchange. However, the Company must reduce certain of its tax attributes by the amount of any CODI excluded from taxable income, as limited by Section 1017(b)(2) of the Internal Revenue Code of 1986, as amended. The actual reduction in tax attributes occurs after the determination of tax for the year of the debt discharge and takes effect on the first day of the Company's tax year subsequent to the date of the refinancing transactions, or January 1, 2021. As a result of the refinancing transactions, the Company realized CODI of $ 552,671 , of which $ 500,989 was excluded from taxable income because of the insolvency exception. After application of the Section 1017(b)(2) limitation, the Company reduced its tax attributes and related deferred taxes by $ 217,532 ($ 47,663 , tax effected), with the balance of $ 283,457 ($ 59,526 , tax effected), treated as a permanent difference. The Company also has reduced its net operating loss carryforward by $ 525 , and its foreign tax credit carryforward by $ 4,101 . A summary of domestic and foreign income before income taxes follows: Fiscal Year Ended December 31, 2021 2020 2019 Domestic $ 193 $ ( 542,046 ) $ ( 572,287 ) Foreign ( 1,067 ) ( 143,064 ) 38,124 Total $ ( 874 ) $ ( 685,110 ) $ ( 534,163 ) The income tax expense (benefit) consisted of the following: Fiscal Year Ended December 31, 2021 2020 2019 Current: Federal $ 9,491 $ ( 61,528 ) $ 28,908 State 911 ( 1,639 ) 4,613 Foreign 461 1,599 12,540 Total current expense 10,863 ( 61,568 ) 46,061 Deferred: Federal ( 6,707 ) ( 70,440 ) ( 37,166 ) State 1,356 ( 19,252 ) ( 11,207 ) Foreign 196 ( 5,393 ) 1,007 Total deferred (benefit) expense ( 5,155 ) ( 95,085 ) ( 47,366 ) Income tax (benefit) expense $ 5,708 $ ( 156,653 ) $ ( 1,305 ) Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Deferred income tax assets and liabilities consisted of the following: December 31, 2021 2020 Deferred income tax assets: Inventory reserves and capitalization $ 20,007 $ 9,199 Allowance for doubtful accounts 1,884 2,020 Accrued liabilities 9,624 16,798 Equity based compensation 4,316 4,437 State tax loss carryforwards 8,433 9,610 Foreign tax loss carryforwards 2,586 2,839 Debt Exchange basis difference 47,853 58,270 Section 163(j) Interest Limitation 18,126 — Lease Liabilities 198,332 199,585 Outside basis differences in foreign subsidiaries (APB 23) 1,113 12,800 Capitalized refinancing and other costs 4,692 4,216 Other 2,016 3,922 Deferred income tax assets before valuation 318,982 323,696 Less: valuation allowances ( 12,608 ) ( 13,731 ) Deferred income tax assets, net $ 306,374 $ 309,965 Deferred income tax liabilities: Depreciation $ 42,548 $ 45,984 Trade Name 99,039 98,817 Amortization of goodwill and other assets 13,065 11,654 Loss Recapture and other differences — 10,962 Foreign earnings expected to be repatriated 969 1,072 Lease Right of Use Assets 175,942 166,617 Other 4,006 9,281 Deferred income tax liabilities $ 335,569 $ 344,387 The Company nets all of its deferred income tax assets and liabilities on a jurisdictional basis and classifies them as noncurrent on the balance sheet. In the Company’s December 31, 2021 consolidated balance sheet, $ 29,195 was included in deferred income tax liabilities. In the Company’s December 31, 2020 consolidated balance sheet, $ 283 was included in “other assets, net” and $ 34,705 was included in deferred income tax liabilities, while $ 2,628 of net deferred income tax assets were included in “Assets held for sale”. Management assesses the available positive and negative evidence to estimate if sufficient taxable income will be generated to realize existing deferred tax assets. On the basis of this evaluation, a valuation allowance was recorded to reduce the total deferred tax assets to an amount that will, more-likely-than-not, be realized in the future. The change in the valuation allowance primarily relates to state net operating losses. As of December 31, 2021, the Company had foreign tax-effected net operating loss carryforwards in Mexico of $ 2,586 , which begin to expire in 2024. In addition, the U.S. state net operating loss carryforwards begin to expire in 2022 , with the majority expiring in 15 to 20 years , or having no expiration date. The difference between the Company’s effective income tax rate and the U.S. statutory income tax rate is as follows: Fiscal Year Ended December 31, 2021 2020 2019 Tax provision at U.S. statutory income tax rate 21.0 % 21.0 % 21.0 % State income tax, net of federal income tax ( 205.0 ) 2.4 1.0 Valuation allowances 23.1 ( 2.7 ) ( 0.4 ) GILTI and Foreign-Derived Intangible Income 83.8 — ( 0.6 ) Foreign earnings ( 37.5 ) 1.3 ( 1.5 ) U.S. — foreign rate differential ( 35.3 ) 0.4 ( 0.6 ) CARES Act: 5-year NOL carryback — 2.9 — Debt exchange – cancellation of debt — 8.7 — Goodwill Impairment — ( 10.3 ) ( 17.9 ) Uncertain tax positions ( 560.2 ) ( 1.4 ) ( 0.7 ) Other 57.0 0.6 ( 0.1 ) Effective income tax rate ( 653.1 ) % 22.9 % 0.2 % 2021 Tax Rate : The effective income tax rate is significantly influenced by the relative impact of permanent differences and tax accruals on lower pretax earnings. CARES Act : On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“the CARES Act”) was signed into law. The CARES Act was a $2 trillion legislative package intended to provide economic relief to companies impacted by the COVID-19 pandemic, and it included: 5-year net operating loss carryback, temporary relaxation of the limitations on interest deductions, qualified improvement property eligible for bonus depreciation, employee retention tax credits, and deferral of payment of payroll tax. The carry back of the 2020 net operating loss to prior years when the federal statutory rate was 35 % resulted in the 2.9 % effective rate benefit above. Cancellation of Debt : As mentioned above, in July 2020, the Company and certain of its direct or indirect subsidiaries, completed certain refinancing transactions and as a result a substantial amount of the Company’s debt was extinguished. $ 59,526 of the cancellation of debt income was excluded from income, which resulted in a tax benefit of 8.7 % on the effective tax rate. Goodwill Impairment: During the third and fourth quarters of 2019, and the first quarter of 2020, the Company recognized non-cash goodwill impairment charges totaling $ 556,056 and $ 401,436 , respectively. No tax benefit was recognized on $ 455,689 of the 2019 charge and $ 336,238 of the 2020 charge, resulting in unfavorable impacts to the income tax rate of 17.9 % and 10.3 %, respectively. Other : In 2021, the Other line includes reconciling items above 5 % of the U.S. statutory income tax rate, and their impact to the effective income tax rate is significantly influenced by the small pretax loss. These items are not individually significant, with the largest item less than $ 1 M in tax. These Other differences between the effective income tax rate and the U.S. statutory income tax rate are composed primarily of compensation related items and the Work Opportunity Tax Credit. Transition Tax on Unremitted Foreign Earnings : The Tax Cuts and Jobs Act of 2017 (the “Act”) significantly changed U.S. tax law, including lowering the U.S. corporate income tax rate from 35 % to 21 %, effective January 1, 2018, and implementing a one-time “deemed repatriation” tax on unremitted earnings accumulated in non-U.S. jurisdictions since 1986 (the “Transition Tax”). At December 31, 2021, $ 4,205 of the Transition Tax remains unpaid and is recorded in “Other long-term liabilities” in the Company’s consolidated balance sheet. The Company has elected to pay the Transition Tax over eight annual installments without interest. The following table summarizes the activity related to the Company’s gross unrecognized tax benefits: Fiscal Year Ended December 31, 2021 2020 2019 Balance at beginning of year $ 13,890 $ 4,891 $ 1,320 Increases related to current period tax positions 3,759 8,186 652 Increases related to prior period tax positions 3,885 1,061 3,030 Decreases related to settlements ( 6,245 ) — — Decreases related to lapsing of statutes of ( 268 ) ( 248 ) ( 111 ) Balance at end of year $ 15,021 $ 13,890 $ 4,891 The Company’s total unrecognized tax benefits that, if recognized, would impact the Company’s effective tax rate were $ 11,568 and $ 13,890 at December 31, 2021 and 2020, respectively. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. The Company has accrued $ 450 and $ 949 for the potential payment of interest and penalties at December 31, 2021 and 2020, respectively. Such amounts are not included in the table above. The Company and the IRS recently settled the examination of the year ended December 31, 2015, resulting in an impact to the effective income tax rate. For U.S. state income tax purposes, tax years 2017-2021 generally remain open; for non-U.S. income tax purposes, tax years 2017-2021 generally remain open.

Commitments, Contingencies and

Commitments, Contingencies and Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments, Contingencies and Related Party Transactions	Note 18 — Commitments, Contingencies and Related Party Transactions Litigation The Company is a party to certain claims and litigation in the ordinary course of business. The Company does not believe that any of these proceedings will result, individually or in the aggregate, in a material adverse effect upon its financial condition or future results of operations. Product Royalty Agreements The Company has entered into product royalty agreements, with various licensors of copyrighted and trademarked characters and designs, which are used on the Company’s products, which require royalty payments based on sales of the Company’s products, and, in some cases, include annual minimum royalties. At December 31, 2021, the Company’s commitment to pay future minimum product royalties was as follows: Future Minimum 2022 $ 14,937 2023 8,114 2024 1,600 Thereafter — $ 24,651 Product royalty expense for the years ended December 31, 2021, December 31, 2020, and December 31, 2019 was $ 33,136 , $ 33,331 , and $ 48,170 , respectively. Related Party Transactions In the ordinary course of business the Company is involved in transactions with certain of its equity-method investees, primarily for the purchase of finished goods inventory. For the year ended December 31, 2021, the Company purchased $ 59.5 million. Approximately $ 30.4 million of these purchases are reflected in finished goods inventory as of December 31, 2021. As of December 31, 2021, the Company had accounts payable of $ 18.3 million related to such transactions.

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segment Information	Note 19 — Segment Information Industry Segments The Company has two identifiable business segments. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States, principally under the names Party City and Halloween City, and it operates e-commerce websites, principally through the domain name PartyCity.com. The Company’s industry segment data for the years ended Decem ber 31, 2021, December 31, 2020, and December 31, 2019 are as follows: Wholesale Retail Consolidated Year Ended December 31, 2021 Net sales before eliminations $ 990,636 $ 1,769,986 $ 2,760,622 Eliminations ( 589,562 ) — ( 589,562 ) Total revenues 401,074 1,769,986 2,171,060 (Loss) from operations $ ( 28,492 ) $ 113,124 $ 84,632 Interest expense, net 87,226 Other expense, net ( 614 ) Gain on debt refinancing ( 1,106 ) Loss before income taxes ( 874 ) Depreciation and amortization 21,778 43,832 65,610 Capital expenditures ( 22,572 ) ( 56,650 ) ( 79,222 ) Total assets $ 1,355,010 $ 1,356,890 $ 2,711,900 Wholesale Retail Consolidated Year Ended December 31, 2020 Net sales before eliminations $ 940,228 $ 1,382,325 $ 2,322,553 Eliminations ( 471,863 ) — ( 471,863 ) Total revenues $ 468,365 $ 1,382,325 $ 1,850,690 (Loss) from operations $ ( 303,663 ) $ ( 573,838 ) $ ( 877,501 ) Interest expense, net 77,043 Other expense, net 3,715 Gain on debt refinancing ( 273,149 ) Income before income taxes $ ( 685,110 ) Depreciation and amortization $ 25,813 $ 50,693 $ 76,506 Capital expenditures $ ( 22,206 ) $ ( 28,922 ) $ ( 51,128 ) Total assets $ 1,123,322 $ 1,683,133 $ 2,806,455 Wholesale Retail Consolidated Year Ended December 31, 2019 Net sales before eliminations $ 1,240,026 $ 1,751,415 $ 2,991,441 Eliminations ( 642,652 ) — ( 642,652 ) Total revenues $ 597,374 $ 1,751,415 $ 2,348,789 Income from operations $ 4,152 $ ( 421,545 ) $ ( 417,393 ) Interest expense, net 114,899 Other income, net 1,871 Income before income taxes $ ( 534,163 ) Depreciation and amortization $ 27,845 $ 53,271 $ 81,116 Capital expenditures $ 29,480 $ 32,253 $ 61,733 Total assets $ 1,912,522 $ 1,682,797 $ 3,595,319 Geographic Regions Export sales of metallic balloons of $ 55,756 , $ 19,847 , and $ 22,728 during the years ended December 31, 2021, December 31, 2020, and December 31, 2019, respectively, are included in domestic sales to unaffiliated customers below. Intercompany sales between geographic areas primarily consist of sales of finished goods and are generally made at cost plus a share of operating profit. Th e Company’s geographic area data follows: Domestic Foreign Eliminations Consolidated Year Ended December 31, 2021 Revenues: Net sales to unaffiliated customers $ 2,095,849 $ 75,211 $ — $ 2,171,060 Net sales between geographic areas 17,798 10,067 ( 27,865 ) — Total revenues $ 2,113,647 $ 85,278 $ ( 27,865 ) $ 2,171,060 (Loss) from operations $ 86,095 $ ( 1,463 ) $ — $ 84,632 Interest expense, net 87,226 Other expense, net ( 1,720 ) (Loss) before income taxes $ ( 874 ) Depreciation and amortization $ 63,755 $ 1,855 $ 65,610 Total long-lived assets (excluding goodwill, trade $ 242,396 $ 5,425 $ 247,821 Total assets $ 2,657,333 $ 54,567 $ — $ 2,711,900 Domestic Foreign Eliminations Consolidated Year Ended December 31, 2020 Revenues: Net sales to unaffiliated customers $ 1,581,294 $ 269,396 $ — $ 1,850,690 Net sales between geographic areas 167,945 113,828 ( 281,773 ) — Total revenues $ 1,749,239 $ 383,224 $ ( 281,773 ) $ 1,850,690 Income from operations $ ( 644,338 ) $ 14,189 $ ( 247,352 ) $ ( 877,501 ) Interest expense, net 77,043 Other expense, net ( 269,434 ) Income before income taxes $ ( 685,110 ) Depreciation and amortization $ 70,586 $ 5,920 $ 76,506 Total long-lived assets (excluding goodwill, trade $ 103,885 $ 24,746 $ 128,631 Total assets $ 2,518,490 $ 287,965 $ — $ 2,806,455 Domestic Foreign Eliminations Consolidated Year Ended December 31, 2019 Revenues: Net sales to unaffiliated customers $ 1,977,598 $ 371,191 $ — $ 2,348,789 Net sales between geographic areas 57,117 86,811 ( 143,928 ) — Total revenues $ 2,034,715 $ 458,002 $ ( 143,928 ) $ 2,348,789 Income from operations $ ( 412,225 ) $ ( 5,168 ) $ — $ ( 417,393 ) Interest expense, net 114,899 Other income, net 1,871 Income before income taxes $ ( 534,163 ) Depreciation and amortization $ 72,701 $ 8,415 $ 81,116 Total long-lived assets (excluding goodwill, trade $ 224,692 $ 26,156 $ 250,848 Total assets $ 3,317,305 $ 278,014 $ — $ 3,595,319

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Note 20 — Leases In February 2016, the FASB issued ASU 2016-02, “Leases”. The ASU requires that companies recognize assets and liabilities for the rights and obligations created by the companies’ leases. The update was effective for the Company during the first quarter of 2019. The FASB has provided companies with a transition option under which they can opt to continue to apply the legacy guidance, including its disclosure requirements, in the comparative periods presented in the year during which they adopt the new lease standard. Entities that elect the option only make annual disclosures for the comparative periods as legacy guidance does not require interim disclosures. The Company has elected this transition option. Practical Expedients/Policy Elections Under the new standard, companies may elect the following practical expedients, which must be elected as a package and applied consistently to all leases: 1. An entity need not reassess whether any expired or existing contracts are or contain leases. 2. An entity need not reassess the lease classification for any expired or existing leases. 3. An entity need not reassess initial direct costs for any existing leases. The Company elected this package of practical expedients. Under the new standard, an entity may also elect a practical expedient to use hindsight in determining the lease term and in assessing impairment of the entity’s right-of-use assets. The Company did not elect this practical expedient. Additionally, under the new standard, lessees can make an accounting policy election (by class of underlying asset to which the right of use relates) to apply accounting similar to legacy accounting to leases that meet the new standard’s definition of a “short-term lease” (a lease that, at the commencement date, has a lease term of twelve months or less and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). The Company has made this election for all classes of underlying assets. Further, the new standard provides a practical expedient that permits lessees to make an accounting policy election (by class of underlying asset) to account for each separate lease component of a contract and its associated non-lease components as a single lease component. The Company has elected this expedient for all asset classes, with the exception of its real estate. Lease Population The Company’s lease portfolio is primarily comprised of real estate leases for its permanent Party City stores. The Company also leases manufacturing facilities, distribution facilities, warehouse space and office space. Additionally, the Company enters into short leases (generally less than four months) in order to operate its temporary stores. Further, the Company enters into leases of equipment, copiers, printers and automobiles. Substantially all of the Company’s leases are operating leases. The Company’s finance leases are immaterial. The right-of-use asset for the Company’s finance leases is included in Property, plant and equipment, net on the Company’s consolidated balance sheet. The liabilities for the Company’s finance leases are included in Current portion of long-term obligations and Long-term obligations, excluding current portion, on the Company’s consolidated balance sheet. The Company’s sub-leases are also immaterial. Additionally, for most store leases, the Company pays variable taxes and insurance. Renewal Options Many of the Company’s store leases, and certain of the Company’s other leases, contain renewal options. However, the renewal periods are generally not included in the right-of-use assets and lease liabilities for such leases as exercise of the options is not reasonably certain. Discount Rates The Company is unable to determine the discount rates that are implicit in its operating leases. Therefore, for such leases, the Company is utilizing its incremental borrowing rate. For leases that existed as of January 1, 2019, the Company determined the applicable incremental borrowing rates for such leases based on the remaining lease terms for the leases as of such date. Quantitative Disclosures During the years ended December 31, 2021 and 2020, the Company’s operating lease cost was $ 181,637 and $ 189,924 , respectively. Such amount excludes impairment charges recorded in conjunction with the Company’s store optimization program (see Note 3 - Store Impairment and Restructuring Charges). The Company’s variable lease cost during the years ended December 31, 2021 and 2020 were $ 27,100 and $ 27,443 respectively. During the years ended December 31, 2021 and 2020, cash paid for amounts included in the measurement of operating lease liabilities was $ 223,905 and $ 140,699 , respectively. During the years ended December 31, 2021 and 2020, right-of-use assets obtained in exchange for new operating lease liabilities were $ 101,742 and $ 70,460 , respectively. As of December 31, 2021 and 2020, the weighted-average remaining lease term for operating leases was 5 years and 6 years, respectively, and the weighted-average discount rate for operating leases was 8.6 % and 8.6 %, respectively. Future Minimum 2022 $ 190,126 2023 175,276 2024 150,537 2025 135,788 2026 104,138 Thereafter 313,162 Total undiscounted cash flows 1,069,027 Less: Interest ( 296,715 ) Total operating lease liability 772,312 Less: Current portion of operating lease liability ( 116,437 ) Long-term portion of operating lease liability $ 655,875 Additionally, the Company had approximately $ 110 mi llion of future payment obligations related to an executed lease agreement for which the related lease has not commenced as of December 31, 2021.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 21 — Fair Value Measurements The provisions of ASC Topic 820, “Fair Value Measurement”, define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. During 2017, the Company acquired a 28 % ownership interest in Punchbowl, Inc. (“Punchbowl”), a provider of digital greeting cards and digital invitations. At such time, the Company provided Punchbowl’s other investors with the ability to “put” their interest in Punchbowl to the Company at a future date. Additionally, at such time, the Company received the ability to “call” the interest of the other investors. During the twelve months ended December 31, 2019, the option was terminated, and the Company wrote off its asset related to the call option and reversed its liability related to the put option. Prior to such time, the Company had been adjusting the put liability to fair value on a recurring basis. The liability represented a Level 3 fair value measurement as it was based on unobservable inputs. In November 2019, the Company sold its ownership interest in Punchbowl. The Company recorded a net charge of $ 2,169 in other expenses, net for the option termination and the sale of its ownership interest. During 2017, the Company and Ampology, a subsidiary of Trivergence, reached an agreement to form a new legal entity, Kazzam, LLC (“Kazzam”), for the purpose of designing, developing and launching an online exchange platform for party-related services. As part of Ampology’s compensation for designing, developing and launching the exchange platform, Ampology received an ownership interest in Kazzam. The interest had been recorded as redeemable securities in the mezzanine of the Company’s consolidated balance sheet as Ampology had the right to cause the Company to purchase the interest. The liability was adjusted to the greater of the current fair value or the original fair value at the time at which the ownership interest was issued (adjusted for any subsequent changes in the ownership interest percentage). On March 23, 2020, the Company agreed to purchase all of Ampology’s interest in Kazzam. Refer to Note 25 – Kazzam, LLC for further detail. As of December 31, 2019 and December 31, 2018 the original value was greater than the fair value, thus a table is not provided for December 31, 2019. In addition, the company has no material derivative assets and liabilities as of December 31, 2019 and no derivative assets and liabilities as of December 31, 2020. The majority of the Company’s non-financial instruments, which include goodwill, intangible assets, inventories and property, plant and equipment, are not required to be carried at fair value on a recurring basis. However, if certain triggering events occur (or at least annually for goodwill and indefinite-lived intangible assets), a non-financial instrument is required to be evaluated for impairment. If the Company determines that the non-financial instrument is impaired, the Company would be required to write down the non-financial instrument to its fair value. See Note 3 — Store Impairment and Restructuring charges and Note 4 – Goodwill for further detail. The carrying amounts for cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, accounts payable, accrued expenses and other current liabilities approximated fair value at December 31, 2021 because of the short-term maturities of the instruments and/or their variable rates of interest. The carrying amounts and fair values of borrowings under the Term Loan Credit Agreement and the senior notes as of December 31, 2021 are as follows: Carrying Amount Fair Value 8.75% Senior Secured First Lien Notes – due 2026 $ 750,000 $ 772,500 6.125% Senior Notes — due 2023 22,924 20,536 6.625% Senior Notes — due 2026 92,254 79,048 First Lien Party City Notes – due 2025 198,004 185,411 First Lien Anagram Notes – due 2025 150,326 167,804 Second Lien Anagram Notes – due 2026 144,619 150,653 The fair values of the Term Loan Credit Agreement and the senior notes represent Level 2 fair value measurements as the debt instruments trade in inactive markets. The carrying amounts for other long-term debt approximated fair value at December 31, 2021 based on the discounted future cash flows of each instrument at rates currently offered for similar debt instruments of comparable maturity.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 22 — Derivative Financial Instruments The Company is directly and indirectly affected by changes in certain market conditions. These changes in market conditions may adversely impact the Company’s financial performance and are referred to as market risks. The Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks. The primary market risks managed through the use of derivative financial instruments are interest rate risk and foreign currency exchange rate risk. Foreign Exchange Risk Management A portion of the Company’s cash flows is derived from transactions denominated in foreign currencies. In order to reduce the uncertainty of foreign exchange rate movements on transactions denominated in foreign currencies, including the British Pound Sterling, the Canadian Dollar, the Euro, the Malaysian Ringgit, the Australian Dollar, and the Mexican Peso, the Company enters into foreign exchange contracts with major international financial institutions. These forward contracts, which typically mature within one year , are designed to hedge anticipated foreign currency transactions, primarily inventory purchases and sales. For contracts that qualify for hedge accounting, the terms of the foreign exchange contracts are such that cash flows from the contracts should be highly effective in offsetting the expected cash flows from the underlying forecasted transactions. The foreign currency exchange contracts are reflected in the consolidated balance sheets at fair value. At December 31, 2020 and 2019, the Company had foreign currency exchange contracts that qualified for hedge accounting. No components of these agreements were excluded in the measurement of hedge effectiveness. As these hedges are 100 % effective, there is no current impact on earnings due to hedge ineffectiveness. The Company did no t have any foreign currency exchange contracts at December 31, 2021. The following table displays the fair values of the Company’s derivatives at December 31, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 Balance Fair Balance Fair Balance Fair Balance Fair Foreign Exchange Contracts (a) PP $ — (a) PP $ — (b) AE $ 303 (b) AE $ — (a) PP = Prepaid expenses and other current assets (b) AE = Accrued expenses The following table displays the notional amounts of the Company’s derivatives at December 31, 2020 and December 31, 2019: Derivative Instrument December 31, December 31, Foreign Exchange Contracts $ 3,850 $ 300

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Changes in Accumulated Other Comprehensive Income (Loss)	Note 23 — Changes in Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) consisted of the following: Year Ended December 31, 2021 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2020 $ ( 31,264 ) $ 1,348 $ ( 29,916 ) Other comprehensive (loss) income before ( 1,784 ) 77 ( 1,707 ) Release of cumulative foreign currency translation adjustment to net income (loss) as a result of disposition of international operations 36,589 ( 1,422 ) 35,167 Amounts reclassified from accumulated other — ( 3 ) ( 3 ) Net current-period other comprehensive income (loss) 34,805 ( 1,348 ) 33,457 Balance at December 31, 2021 $ 3,541 $ — $ 3,541 Year Ended December 31, 2020 Foreign Impact of Total, Net Balance at December 31, 2019 $ ( 37,434 ) $ 1,700 $ ( 35,734 ) Other comprehensive income before 6,170 ( 495 ) 5,675 Amounts reclassified from accumulated other — 143 143 Net current-period other comprehensive (loss) income 6,170 ( 352 ) 5,818 Balance at December 31, 2020 $ ( 31,264 ) $ 1,348 $ ( 29,916 ) Year Ended December 31, 2019 Foreign Impact of Total, Net Balance at December 31, 2018 $ ( 50,056 ) $ 855 $ ( 49,201 ) Other comprehensive income (loss) before 5,725 106 5,831 Amounts reclassified from accumulated other 6,897 739 7,636 Net current-period other comprehensive income (loss) 12,622 845 13,467 Balance at December 31, 2019 $ ( 37,434 ) $ 1,700 $ ( 35,734 )

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 24 — Revenue from Contracts with Customers In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”. The pronouncement contains a five-step model which replaces most existing revenue recognition guidance. The Company adopted the standard on January 1, 2018 via a modified retrospective approach and recognized the cumulative effect of the adoption as an adjustment to January 1, 2018 retained earnings. Revenue Transactions — Retail Revenue from retail store operations is recognized at the point of sale as control of the product is transferred to the customer at such time. Retail e-commerce sales are recognized when the consumer receives the product as control transfers upon delivery. Due to its extensive history operating as the largest party goods retailer in North America, the Company has sufficient history with which to estimate future retail sales returns and it uses the expected value method to estimate such activity. The transaction price for the majority of the Company’s retail sales is based on either: 1) the item’s stated price or 2) the stated price adjusted for the impact of a coupon which can only be applied to such transaction. To the extent that the Company charges customers for freight costs on e-commerce sales, the Company records such amounts in revenue. The Company has chosen the pronouncement’s policy election which allows it to exclude all sales taxes and value-added taxes from revenue. Under the terms of its agreements with its franchisees, the Company provides both: 1) brand value (via significant advertising spend) and 2) support with respect to planograms, in exchange for a royalty fee that ranges from 4 % to 6 % of the franchisees’ sales. The Company records the royalty fees at the time that the franchisees’ sales are recorded. Additionally, although the Company anticipates that future franchise store openings will be limited, when a franchisee opens a new store, the Company receives and records a one-time fee which is earned by the Company for its assistance with site selection and development of the new location. Both the sales-based royalty fee and the one-time fee are recorded in royalties and franchise fees in the Company’s consolidated statement of operations and comprehensive (loss) income. Revenue Transactions — Wholesale For most of the Company’s wholesale sales, control transfers upon the Company’s shipment of the product. Wholesale sales returns are not significant as the Company generally only accepts the return of goods that were shipped to the customer in error or that were damaged when received by the customer. Additionally, due to its extensive history operating as a leading party goods wholesaler, the Company has sufficient history with which to estimate future sales returns. In most cases, the determination of the transaction price is fixed based on the contract and/or purchase order. To the extent that the Company charges customers for freight costs, the Company records such amounts in revenue. The Company has chosen the pronouncement’s policy election which allows it to exclude all sales taxes and value-added taxes from revenue. The majority of the sales for the Company’s wholesale business are due within 30 to 120 days from the transfer of control of the product and substantially all of the sales are collected within a year from such transfer. For all transactions for which the Company expects to collect the transaction price within a year from the transfer of control, the Company applies one of the pronouncement’s practical expedients and does not adjust the consideration for the effects of a significant financing component. Judgments Although most of the Company’s revenue transactions consist of fixed transaction prices and the transfer of control at either the point of sale (for retail) or when the product is shipped (for wholesale), certain transactions involve a limited number of judgments. For transactions for which control transfers to the customer when the freight carrier delivers the product to the customer, the Company estimates the date of such receipt based on historical shipping times. Additionally, the Company utilizes historical data to estimate sales returns. Due to its extensive history operating as a leading party goods retailer, the Company has sufficient history with which to estimate such amounts. Other Revenue Topics During the years ended December 31, 2021, December 31, 2020, and December 31, 2019, impairment losses recognized on receivables and contract assets arising from the Company’s contracts with customers were immaterial. As a significant portion of the Company’s revenue is either: 1) part of a contract with an original expected duration of one year or less, or 2) related to sales-based royalties promised in exchange for licenses of intellectual property, the Company has elected to apply the optional exemptions in paragraphs ASC 606-10-50-14 through ASC 606-10-50-14A. Additionally, the Company has elected to apply the practical expedient which allows companies to recognize the incremental costs of obtaining a contract as an expense if the amortization period of the asset that the entity otherwise would have recognized would have been one year or less . Disaggregation of Revenue The following table summarizes revenue from contracts with customers for the years ended December 31, 2021, December 31, 2020, and December 31, 2019: Fiscal Year Ended December 31, 2021 2020 2019 Retail Net Sales: Party City Stores* $ 1,734,261 $ 1,374,680 $ 1,700,812 Temporary Stores 35,726 7,645 50,603 Total Retail Revenues $ 1,769,987 $ 1,382,325 $ 1,751,415 Wholesale Net Sales: Domestic $ 263,661 $ 238,936 $ 310,042 International 137,412 229,429 287,332 Total Wholesale Net Sales $ 401,073 $ 468,365 $ 597,374 Total Consolidated Revenue $ 2,171,060 $ 1,850,690 $ 2,348,789 * 2021 sales represent in person and online sales of product in stores The Company maintains allowances for credit losses resulting from the inability of the Company’s customers to make required payments. Judgment is required in assessing the ultimate realization of these receivables, including consideration of the Company’s history of receivable write-offs, the level of past due accounts and the economic status of the Company’s customers. In an effort to identify adverse trends relative to customer economic status, the Company assesses the financial health of the markets it operates in and performs periodic credit evaluations of its customers and ongoing reviews of account balances and aging of receivables. Amounts are considered past due when payment has not been received within the time frame of the credit terms extended. Write-offs are charged directly against the allowance for credit losses and occur only after all collection efforts have been exhausted. The Company will continue to actively monitor the impact of the COVID-19 pandemic on expected losses. At December 31, 2021 and December 31,2020, the allowance for credit losses was $ 8,057 and $ 7,232 , respectively.

Kazzam, LLC

Kazzam, LLC	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Kazzam, LLC	Note 25 — Kazzam, LLC During the first quarter of 2017, the Company and Ampology, a subsidiary of Trivergence, reached an agreement to form a new legal entity, Kazzam, LLC (“Kazzam”), for the purpose of designing, developing and launching an online exchange platform for party-related services. At December 31, 2019, although the Company owned 26 % of Kazzam’s equity, Kazzam was a variable interest entity and the Company consolidated Kazzam into the Company’s financial statements. Further, the Company was funding all of Kazzam’s start-up activities via a loan to Kazzam and recorded its operating results in “development stage expenses” in the Company’s consolidated statement of operations and comprehensive (loss) income. Ampology’s ownership interest in Kazzam had been recorded in redeemable securities in the mezzanine of the Company’s consolidated balance sheet. In January 2020, the Company and Ampology terminated certain services agreements and warrants that Ampology had in the Company stock. The parties concurrently entered into an interim transition agreement for which expenses are recorded as development stage expenses. On March 23, 2020, the Company agreed to purchase Ampology’s interest in Kazzam in exchange for a three-year royalty on net service revenue and a warrant to purchase up to 1,000,000 shares of the Company’s common stock. The acquisition of Ampology’s interest in Kazzam is an equity transaction and the difference between the fair value of the consideration transferred and the carrying value of Ampology’s interest in Kazzam is recorded within the consolidated statement of stockholders’ equity.

Schedule I - Condensed Financia

Schedule I - Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule I - Condensed Financial Information of Registrant	SCHEDULE I—CONDENSED FINANCI AL INFORMATION OF REGISTRANT PARTY CITY HOLDCO INC. (Parent company only) CONDENSED BALANCE SHEETS (Dollars in thousands) December 31, December 31, ASSETS Other assets (principally investment in and amounts due from wholly- $ 82,714 $ 50,790 Total assets $ 82,714 $ 50,790 LIABILITIES, REDEEMABLE SECURITIES AND Total liabilities $ — $ — Redeemable securities — — Stockholders’ equity: Common stock ( 112,170,944 and 110,781,613 shares outstanding and 124,157,500 and 121,662,540 shares issued at December 31, 2021 and December 31, 2020, respectively) 1,384 1,373 Additional paid-in capital 982,307 971,972 Retained (deficit) earnings ( 571,985 ) ( 565,457 ) Accumulated other comprehensive income (loss) 3,541 ( 29,916 ) Total stockholders’ equity before common stock held in treasury 415,247 377,972 Less: Common stock held in treasury, at cost ( 11,986,556 and 11,280,098 shares at ( 332,533 ) ( 327,182 ) Total stockholders’ equity 82,714 50,790 Total liabilities, redeemable securities and stockholders’ equity $ 82,714 $ 50,790 See accompanying notes to these condensed financial statements. PARTY CITY HOLDCO INC. (Parent company only) CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (Dollars in thousands) Fiscal Year Ended December 31, 2021 2020 2019 Equity in net income of subsidiaries $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Net income $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Add: Net income attributable to redeemable securities holder — — — Net income attributable to common shareholders of Party $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Other comprehensive (loss) income, net 33,457 5,818 13,467 Comprehensive income 26,929 ( 522,420 ) ( 519,028 ) Comprehensive income attributable to redeemable securities — — — Comprehensive income attributable to common shareholders $ 26,929 $ ( 522,420 ) $ ( 519,028 ) See accompanying notes to these condensed financial statements. PARTY CITY HOLDCO INC. (Parent company only) CONDENSED STATEMENTS OF CASH FLOWS (Dollars in thousands) Fiscal Year Ended December 31, 2021 2020 2019 Cash flows provided by (used in) operating activities: Net income $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Adjustments to reconcile net income to net cash provided Equity in net income of subsidiaries 6,528 528,238 532,495 Change in due to/from affiliates 1,678 ( 49 ) ( 989 ) Net cash (used in) provided by operating activities 1,678 ( 49 ) ( 989 ) Cash flows (used in) provided by financing activities: Treasury stock purchases ( 5,351 ) ( 96 ) ( 156 ) Exercise of stock options 3,673 145 1,145 Net cash provided by (used in) financing activities ( 1,678 ) 49 989 Net change in cash and cash equivalents — — — Cash and cash equivalents at beginning of period — — — Cash and cash equivalents at end of period $ — $ — $ —

Basis of presentation and descr

Basis of presentation and description of registrant	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of presentation and description of registrant	Note 1 — Basis of presentation and description of registrant Party City Holdco Inc. Schedule I, Condensed Financial Information of Registrant, provides all parent company information that is required to be presented in accordance with the SEC rules and regulations for financial statement schedules. The consolidated financial statements of Party City Holdco are included elsewhere. The parent-company financial statements should be read in conjunction with the consolidated financial statements and the notes thereto. Party City Holdco does not conduct any separate operations and acts only as a holding company. Its share of the net income of its unconsolidated subsidiaries is included in its statements of income using the equity method. Since all material stock requirements, dividends and guarantees of the registrant have been disclosed in the consolidated financial statements, the information is not required to be repeated in this schedule.

Dividends from subsidiaries

Dividends from subsidiaries	12 Months Ended
	Dec. 31, 2021
Text Block [Abstract]
Dividends From Subsidiaries	Note 2 — Dividends from subsidiaries No cash dividends were paid to Party City Holdco by its subsidiaries during the years included in these financial statements.

Schedule II- Valuation and Qual

Schedule II- Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II- Valuation and Qualifying Accounts	SCHEDU LE II PARTY CITY HOLDCO INC. VALUATION AND QUALIFYING ACCOUNTS The Years Ended December 31, 2019, December 31, 2020, and December 31, 2021 (Dollars in thousands) Beginning Write-Offs Additions Ending Allowance for Doubtful Accounts: For the year ended December 31, 2019 $ 2,933 $ 470 $ 2,323 $ 4,786 For the year ended December 31, 2020 4,786 3,875 6,321 7,232 For the year ended December 31, 2021 7,232 1,744 2,569 8,057 Sales Returns and Allowances: For the year ended December 31, 2019 $ 741 $ 83,474 $ 83,409 $ 676 For the year ended December 31, 2020 676 61,935 61,935 676 For the year ended December 31, 2021 676 72,151 72,091 616

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Consolidated Financial Statements	Consolidated Financial Statements The consolidated financial statements of the Company include the accounts of all majority-owned subsidiaries and controlled entities. All intercompany balances and transactions have been eliminated. The Company’s retail operations define a fiscal year (“Fiscal Year”) as the 52-week period or 53-week period ended on the Saturday nearest December 31st of each year and define their fiscal quarters (“Fiscal Quarter”) as the four interim 13-week periods following the end of the previous Fiscal Year, except in the case of a 53-week Fiscal Year when the fourth Fiscal Quarter is extended to 14 weeks. Fiscal 2021 was a 52-week year for our retail operations. The consolidated financial statements of the Company combine the Fiscal Year and Fiscal Quarters of the Company’s retail operations with the calendar year and calendar quarters of the Company’s wholesale operations, as the differences are not significant.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Management periodically evaluates estimates used in the preparation of the consolidated financial statements for continued reasonableness. Appropriate adjustments, if any, to the estimates used are made prospectively based on such periodic evaluations.
Cash Equivalents	Cash Equivalents Highly liquid investments with a maturity of three months or less when purchased are considered to be cash equivalents. All credit card transactions that process in less than seven days are classified as cash and cash equivalents.
Inventories	Inventories Inventories are valued at the lower of cost and net realizable value. In assessing the ultimate realization of inventories, the Company makes judgments regarding, among other things, future demand and market conditions, current inventory levels and the impact of the possible discontinuation of product designs. The Company principally determines the cost of inventory using the weighted average method. The Company estimates retail inventory shrinkage for the period between physical inventory dates on a store-by-store basis. Inventory shrinkage estimates can be affected by changes in merchandise mix and changes in actual shortage trends. The shrinkage rate from the most recent physical inventory, in combination with historical experience, is the basis for estimating shrinkage.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Refer to Note 24 — Revenue from Contracts with Customers for detail.
Long-Lived and Intangible Assets (including Goodwill)	Long-Lived and Intangible Assets (including Goodwill) Property, plant and equipment are stated at cost. The Company reviews the recoverability of its finite long-lived assets, including finite-lived intangible assets, whenever facts and circumstances indicate that the carrying amount may not be fully recoverable. For purposes of recognizing and measuring impairment, the Company evaluates long-lived assets/asset groups, other than goodwill, based upon the lowest level of independent cash flows ascertainable to evaluate impairment. If an impairment indicator exists, we compare the undiscounted future cash flows of the asset/asset group to the carrying value of the asset/asset group. If the sum of the undiscounted future cash flows is less than the carrying value of the asset/asset group, we would calculate discounted future cash flows based on market participant assumptions. If the sum of discounted cash flows is less than the carrying value of the asset/asset group, we would recognize an impairment loss. The impairment related to long-lived assets is measured as the amount by which the carrying amount of the asset(s) exceeds the fair value of the asset(s). In the evaluation of the fair value and future benefits of finite long-lived assets attached to retail stores, the Company performs its cash flow analysis generally on a store-by-store basis. Various factors including future sales growth and profit margins are included in this analysis. The Company evaluates the goodwill associated with its acquisitions, and other intangibles with indefinite lives, for impairment on October 1 based on current and projected performance, or more frequently if circumstances indicate a possible impairment. For purposes of testing goodwill for impairment, reporting units are determined by identifying operating segments within the Company’s organization which constitute a business for which discrete financial information is available and is reviewed by management. Components within an operating segment are aggregated to the extent that they have similar economic characteristics. Based on this evaluation, the Company has determined that its operating segments, wholesale and retail, represent reporting units for the purposes of its goodwill impairment test. If it is concluded that it is more likely than not that the fair value of a reporting unit is less than its carrying value, the Company estimates the fair value of the reporting unit using a combination of a market approach and an income approach. If such carrying value exceeds the fair value an impairment loss will be recognized in an amount equal to such excess. The fair value of a reporting unit refers to the amount at which the unit as a whole could be sold in a current transaction between willing parties. Our Trade names are treated as indefinite-lived intangible assets and, therefore are not amortized, but rather are tested for impairment annually in the fourth fiscal quarter, unless there are events requiring an earlier assessment or changes in circumstances during an interim period providing impairment indicators are present. When performing a quantitative impairment assessment of our Trade name indefinite-lived intangible assets, the fair value of the Trade names is estimated using a discounted cash flow analysis based on the "relief from royalty" method, assuming that a third party would be willing to pay a royalty in lieu of ownership for this intangible asset. This approach is dependent on many factors, including estimates of future growth, royalty rates, and discount rates. Actual future results may differ from these estimates. Impairment loss is recognized when the estimated fair value of the indefinite-lived intangible asset is less than its carrying amount.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are netted against amounts outstanding under the related debt instruments. They are amortized to interest expense over the terms of the instruments using the effective interest method.
Equity Method Investments	Equity Method Investments The Company has an investment in Convergram Mexico, S. De R.L. De C.V., a joint venture distributing metallic balloons, principally in Mexico and Latin America. The Company accounts for its 49.9 % investment in the joint venture using the equity method of accounting. The Company also has an investment in a joint venture partnership for its costume sourcing and manufacturing business in Asia which is accounted for using the equity method of accounting. See Variable Interest Entities section below for additional information. The Company’s investments are included in Other assets, net on the consolidated balance sheet and its portion of the results of the investees’ operations are included in Other expense, net in the consolidated statement of operations and comprehensive (loss) income (see Note 14, Other Expense, net).
Insurance Accruals	Insurance Accruals The Company maintains certain self-insured workers’ compensation and general liability insurance plans. The Company estimates the required liability for claims under such plans based upon various assumptions, which include, but are not limited to, historical loss experience, projected loss development factors, actual payroll and other data. The required liability is also subject to adjustment in the future based upon changes in claims experience, including changes in the number of incidents (frequency) and changes in the ultimate cost per incident (severity).
Revenue Recognition	Revenue Recognition Retail Revenue from retail store operations is recognized at the point of sale as control of the product is transferred to the customer at such time. Retail e-commerce sales are recognized when the consumer receives the product as control transfers upon delivery. Due to its extensive history operating as a party goods retailer in North America, the Company has sufficient history with which to estimate future retail sales returns and it uses the expected value method to estimate such activity. The transaction price for the majority of the Company’s retail sales is based on either: 1) the item’s stated price or 2) the stated price adjusted for the impact of a coupon which can only be applied to such transaction. To the extent that the Company charges customers for freight costs on e-commerce sales, the Company records such amounts in revenue. The Company excludes all sales taxes and value-added taxes from revenue. Under the terms of its agreements with its franchisees, the Company provides both: 1) brand value (via significant advertising spend) and 2) support with respect to planograms, in exchange for a royalty fee that ranges from 4 % to 6 % of the franchisees’ sales. The Company records the royalty fees at the time that the franchisees’ sales are recorded. Additionally, although the Company anticipates that future franchise store openings will be limited, when a franchisee opens a new store, the Company receives and records a one-time fee which is earned by the Company for its assistance with site selection and development of the new location. Both the sales-based royalty fee and the one-time fee are recorded in Net sales in the Company’s consolidated statement of operations and comprehensive (loss) income. Wholesale For most of the Company’s wholesale sales, control transfers upon the Company’s shipment of the product. Wholesale sales returns are not significant as the Company generally only accepts the return of goods that were shipped to the customer in error or that were damaged when received by the customer. Additionally, due to its extensive history operating as a party goods wholesaler, the Company has sufficient history with which to estimate future sales returns. In most cases, the determination of the transaction price is fixed based on the contract and/or purchase order. To the extent that the Company charges customers for freight costs, the Company records such amounts in revenue. The Company excludes all sales taxes and value-added taxes from revenue. The majority of the sales for the Company’s wholesale business are due within 30 to 120 days from the transfer of control of the product and substantially all of the sales are collected within a year from such transfer. For all transactions for which the Company expects to collect the transaction price within a year from the transfer of control, the Company does not adjust the consideration for the effects of a significant financing component.
Cost of Sales/Shipping and Handling	Cost of Sales Cost of sales at wholesale reflects the production costs (i.e., raw materials, labor and overhead) of manufactured goods and the direct cost of purchased goods, inventory shrinkage, inventory adjustments, inbound freight to the Company’s manufacturing and distribution facilities, distribution costs and outbound freight to transfer goods to the Company’s wholesale customers. At retail, cost of sales reflects the direct costs of goods purchased from third parties and the production costs/purchase costs of goods acquired from the Company’s wholesale operations. Retail cost of sales also includes inventory shrinkage, inventory adjustments, inbound freight, occupancy costs related to store operations (such as rent, utilities and common area maintenance), depreciation on assets and all logistics costs (i.e., handling and distribution costs) associated with the Company’s e-commerce business.
Retail Operating Expenses	Retail Operating Expenses Retail operating expenses include costs associated with the operation of the Company’s retail stores (with the exception of occupancy costs, which are included in cost of sales). Retail operating expenses principally consist of employee compensation and benefits, advertising, supplies expense and credit card fees.
Product Royalty Agreements	Product Royalty Agreements The Company enters into product royalty agreements that allow the Company to use licensed designs on certain of its products. These contracts require the Company to pay royalties, generally based on the sales of such product, and may require guaranteed minimum royalties, a portion of which may be paid in advance. The Company matches royalty expense with revenue by recording royalties at the time of sale, at the greater of the contractual rate or an effective rate calculated based on the guaranteed minimum royalty and the Company’s estimate of sales during the contract period. If a portion of the guaranteed minimum royalty is determined to be unrecoverable, the unrecoverable portion is charged to expense at that time. Guaranteed minimum royalties paid in advance are recorded in the consolidated balance sheets in either prepaid expenses and other current assets or other assets, net, depending on the nature of the royalties.
Catalog Costs	Catalog Costs The Company expenses costs associated with the production of catalogs when incurred.
Advertising	Advertising Advertising costs are expensed as incurred. Retail advertising expenses for the years ended December 31, 2021, December 31, 2020, and December 31, 2019 were $ 55,339 , $ 61,036 and $ 72,518 respectively.
Variable Interest Entities	Variable Interest Entities When determining whether a legal entity should be consolidated, the Company first determines whether it has a variable interest in the legal entity. If a variable interest exists, the Company determines whether the legal entity is a variable interest entity due to either: 1) a lack of sufficient equity to finance its activities, 2) the equity holders lacking the characteristics of a controlling financial interest, or 3) the legal entity being structured with non-substantive voting rights. If the Company concludes that the legal entity is a variable interest entity, the Company next determines whether it is the primary beneficiary due to it possessing both: 1) the power to direct the activities of a variable interest entity that most significantly impact the variable interest entity’s economic performance, and 2) the obligation to absorb losses of the variable interest entity that potentially could be significant to the variable interest entity or the right to receive benefits from the variable interest entity which could be significant to the variable interest entity. If the Company concludes that it is the primary beneficiary, it consolidates the legal entity. In January 2021, in connection with the sale of a substantial portion of its international operations, the Company formed a joint venture partnership for its costume sourcing and manufacturing business in Asia. The Company concluded that it is not the joint venture's primary beneficiary and will account for its investment under the equity method. See Equity Method Investments section above. There were no variable interest entities as of December 31, 2020. Refer to Note 25 – Kazzam, LLC for additional information.
Art and Development Costs	Art and Development Costs Art and development costs are primarily internal costs that are not easily associated with specific designs, some of which may not reach commercial production. Accordingly, the Company expenses these costs as incurred.
Derivative Financial Instruments	Derivative Financial Instruments ASC Topic 815, “Accounting for Derivative Instruments and Hedging Activities”, requires that all derivative financial instruments be recognized on the balance sheet at fair value and establishes criteria for both the designation and effectiveness of hedging activities. The Company uses derivatives in the management of interest rate and foreign currency exposure. ASC Topic 815 requires the Company to formally document the assets, liabilities or other transactions the Company designates as hedged items, the risk being hedged and the relationship between the hedged items and the hedging instruments. The Company must measure the effectiveness of the hedging relationship at the inception of the hedge and on an on-going basis. If derivative financial instruments qualify as fair value hedges, the gain or loss on the instrument and the offsetting loss or gain on the hedged item attributable to the hedged risk are recognized in net income during the period of the change in fair values. For derivative financial instruments that qualify as cash flow hedges ( i.e ., hedging the exposure to variability in expected future cash flows that is attributable to a particular risk), the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive (loss) income and reclassified into net income in the same period or periods during which the hedged transaction affects earnings. The ineffective portion of a cash flow hedge, if any, is determined based on the dollar-offset method ( i.e ., the gain or loss on the derivative financial instrument in excess of the cumulative change in the present value of future cash flows of the hedged item) and is recognized in net income during the period of change. As long as hedge effectiveness is maintained, foreign currency exchange agreements qualify for hedge accounting as cash flow hedges. Se e Note 22– Derivative Financial Instruments.
Income Taxes	Income Taxes Deferred tax assets and liabilities are determined based on the difference between the financial statement and tax bases of assets and liabilities (and operating loss and tax credit carryforwards) applying enacted statutory tax rates in effect for the years in which the differences are expected to reverse. Deferred tax assets are reduced by a valuation allowance when, in the judgment of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
Stock-Based Compensation	Stock-Based Compensation Accounting for stock-based compensation requires measurement of compensation cost for all stock-based awards at fair value on the date of grant and recognition of compensation expense over the service period for awards expected to vest. The Company also granted performance-based restricted stock units ("PRSUs") and Restricted Cash awards to certain executive officers and other employees. The performance period is three years from the grant date. The PRSUs and Restricted Cash awards become earned in a given period if the volume weighted average of the fair market value per share of the Common Stock meets or exceeds $ 2.50 , $ 5.00 , $ 7.50 , and $ 10.00 , respectively, for a period of not less than 90 consecutive trading days on the New York Stock Exchange and are subject to up to 2 years service-vesting after the achievement of these thresholds. The PRSUs and Restricted Cash awards are measured at fair value based on Monte Carlo simulation models. The PRSUs will be settled in Party City common stock and are accounted for as equity awards and the Restricted Cash will be settled in cash and are accounted for as liability awards.
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) consists of the Company’s foreign currency adjustments and the impact of foreign exchange contracts that qualify as hedges. Se e Note 22 – Derivative Financial Instruments and Note 23 – Changes in Accumulated Other Comprehensive Income (Loss).
Foreign Currency Transactions and Translation	Foreign Currency Transactions and Translation The functional currencies of the Company’s foreign operations are the local currencies in which they operate. Foreign currency exchange gains or losses resulting from receivables or payables in currencies other than the functional currencies generally are recognized in the Company’s statement of operations and comprehensive (loss) income. The balance sheets of foreign subsidiaries are translated into U.S. dollars at the exchange rates in effect on the balance sheet date. The results of operations of foreign subsidiaries are translated into U.S. dollars at the average exchange rates effective for the periods presented. The differences from historical exchange rates are recorded as comprehensive (loss) income and are included as a component of accumulated other comprehensive income (loss).
Earnings Per Share	Earnings Per Share Basic earnings per share are computed by dividing net income attributable to common shareholders of Party City Holdco Inc. by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated based on the weighted average number of outstanding common shares plus the dilutive effect of stock options and warrants, as if they were exercised, and restricted stock units, as if they vested. A reconciliation between basic and diluted income per share is as follows: Twelve Months Ended December 31, 2021 2020 2019 Net (loss) income attributable to common shareholders of $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Weighted average shares — Basic: 110,980,934 100,804,944 93,295,692 Effect of dilutive restricted stock units: — — — Effect of dilutive stock options: — — — Weighted average shares — Diluted: 110,980,934 100,804,944 93,295,692 Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 ) Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 ) During the year ended December 31, 2021 , 1,514,010 restricted stock units, 4,653,373 performance restricted stock units and 1,032,219 stock options were excluded from the calculation of diluted net loss per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. During the years ended December 31, 2020, and December 31, 2019, 3,240,461 stock options and 3,510,317 stock options, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Additionally, during the years ended December 31, 2020, and December 31, 2019, 1,000,000 and 596,000 warrants, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Further, during the years ended December 31, 2020, and December 31, 2019, 787,313 restricted stock units and 413,968 restricted stock units, respectively, were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. Also, during the year ended December 31, 2020, 1,206,723 performance restricted stock units were excluded from the calculations of net income per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive.
Recently Issued Accounting Pronouncements	Recently Issued Accountin g Pronouncements In March 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2020-04, which provides guidance providing optional expedients and exceptions for applying U.S. generally accepted accounting principles to contracts, hedging relationships, and other transactions affected by the discontinuation of the London Interbank Offered Rate (“LIBOR”) or by another reference rate expected to be discontinued. Additionally, in January 2021, the FASB issued ASU 2021-01, which allows entities to elect certain optional expedients and exceptions when accounting for derivative contracts and certain hedging relationships affected by changes in the interest rates. The Company does not expect an impact on our consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832), Disclosures by Business Entities About Government Assistance, which requires entities to provide disclosures on material government assistance transactions for annual reporting periods. The disclosures include information around the nature of the assistance, the related accounting policies used to account for government assistance, the effect of government assistance on the entity’s financial statements, and any significant terms and conditions of the agreements, including commitments and contingencies. The new standard is effective for the Corporation on January 1, 2022 and only impacts annual financial statement footnote disclosures. The adoption will not have a material effect on our consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which removes certain exceptions for intra-period allocations and interim tax calculations and adds guidance to simplify accounting for income taxes. The guidance is effective for interim and annual periods beginning after December 15, 2020. The adoption of this guidance did not have a material impact on our consolidated financial statements.
Shipping and Handling [Member]
Cost of Sales/Shipping and Handling	Shipping and Handling Outbound shipping costs billed to customers are included in net sales. The costs of shipping and handling incurred by the Company are included in cost of sales.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Reconciliation Between Basic and Diluted Income Per Share	A reconciliation between basic and diluted income per share is as follows: Twelve Months Ended December 31, 2021 2020 2019 Net (loss) income attributable to common shareholders of $ ( 6,528 ) $ ( 528,238 ) $ ( 532,495 ) Weighted average shares — Basic: 110,980,934 100,804,944 93,295,692 Effect of dilutive restricted stock units: — — — Effect of dilutive stock options: — — — Weighted average shares — Diluted: 110,980,934 100,804,944 93,295,692 Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 ) Net (loss) income per share attributable to common $ ( 0.06 ) $ ( 5.24 ) $ ( 5.71 )

Store Impairment and Restruct_2

Store Impairment and Restructuring Charges (Tables)	12 Months Ended
	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Store Impairment and Restructuring Charges	In conjunction with the store optimization program and store impairment, there were no charges for 2021 and during the years ended December 31, 2020 and 2019, the Company recorded the following: December 31, 2020 2019 Inventory reserves $ 12,880 $ 21,284 Operating lease asset impairment 15,520 14,943 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 4,864 8,754 Severance — 661 Total $ 35,329 $ 50,322

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Asset Impairment [Abstract]
Schedule of Changes in Goodwill by Reporting Segment	Fiscal Year Ended December 31, 2021 2020 Wholesale segment: Beginning balance $ 333,184 $ 493,432 Goodwill impairment — ( 148,326 ) Foreign currency translation ( 414 ) 1,483 Goodwill related to divested international business* ( 1,042 ) ( 13,405 ) Ending balance 331,728 333,184 Retail segment: Beginning balance 328,067 578,898 Store acquisitions 4,501 1,512 Goodwill impairment — ( 253,110 ) Foreign currency translation — 767 Ending balance 332,568 328,067 Total ending balance, both segments $ 664,296 $ 661,251 * December 31, 2020 amount was classified within assets held for sale.

Disposition of Assets and Ass_2

Disposition of Assets and Assets and Liabilities Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2021
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Assets and Liabilities of International Operations as Held for Sale	As of December 31, 2020, the Company reported the assets and liabilities of the international operations as held for sale in its consolidated balance sheet and include the following: Fiscal Year Ended December 31, 2020 Wholesale Retail Total Cash $ 25,989 $ 5,639 $ 31,628 Accounts receivable, net 31,932 460 32,392 Inventories, net 55,574 10,526 66,100 Prepaid expense 4,375 4,419 8,794 Goodwill 13,405 - 13,405 Other assets, net 1,891 2,848 4,739 Total assets held for sale $ 133,166 $ 23,892 157,058 Held for sale reserve ( 73,948 ) Assets held for sale, net $ 83,110 Fiscal Year Ended December 31, 2020 Wholesale Retail Total Loans and notes payable $ 1,311 $ — $ 1,311 Accounts payable 23,364 2,107 25,471 Current operating lease liability 4,174 384 4,558 Accrued expenses 16,527 6,998 23,525 Income taxes payable and Deferred income tax liabilities 258 1,976 2,234 Long term obligations excluding current portion 40 - 40 Other long-term liabilities - 3,354 3,354 Long term operating lease liability 6,167 1,832 7,999 Total, net $ 51,841 $ 16,651 $ 68,492

Inventories, Net (Tables)

Inventories, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following: December 31, 2021 2020 Finished goods $ 393,609 $ 367,275 Raw materials 25,624 27,111 Work in process 24,062 17,899 $ 443,295 $ 412,285

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, plant and equipment, net consisted of the following: December 31, 2021 2020 Useful lives Machinery and equipment $ 245,983 $ 247,255 3 - 15 years Buildings 6,277 9,982 40 years Data processing equipment 131,989 129,988 3 - 5 years Leasehold improvements 203,503 176,389 1 - 10 years Furniture and fixtures 228,818 218,452 5 - 10 years Land 180 8,359 816,750 790,425 Less: accumulated depreciation ( 594,880 ) ( 581,013 ) $ 221,870 $ 209,412

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Identifiable Intangible Assets	The Company had the following other identifiable finite-lived intangible assets: December 31, 2021 Cost Accumulated Net Useful lives Franchise-related intangible assets $ 73,225 $ 59,311 $ 13,914 4 - 19 years Customer lists and relationships 58,911 49,154 9,757 2 - 20 years Copyrights and designs 29,030 29,014 16 5 - 7 years Total $ 161,166 $ 137,479 $ 23,687 December 31, 2020 Cost Accumulated Net Useful lives Franchise-related intangible assets $ 77,377 $ 57,524 $ 19,853 4 - 19 years Customer lists and relationships 62,002 49,739 12,263 2 - 20 years Copyrights and designs 29,030 29,012 18 5 - 7 years Total $ 168,409 $ 136,275 $ 32,134

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations consisted of the following: December 31, 2021 December 31, 2020 Principal Amount Gross Carrying Amount Deferred Financing Costs* Net Carrying Amount Net Carrying Senior secured term loan facility (“Term Loan Credit Agreement”) $ — $ — $ — $ — $ 690,165 8.75 % Senior Secured First Lien Notes – due 2026 750,000 750,000 ( 17,043 ) 732,957 — 6.125 % Senior Notes — due 2023 22,924 22,924 ( 90 ) 22,834 22,779 6.625 % Senior Notes — due 2026 92,254 92,254 ( 663 ) 91,591 106,315 First Lien Party City Notes – due 2025 161,669 198,004 — 198,004 206,775 First Lien Anagram Notes – due 2025 115,804 150,326 ( 757 ) 149,569 151,335 Second Lien Anagram Notes – due 2026 89,155 144,619 — 144,619 152,032 Finance lease obligations 12,988 12,988 — 12,988 13,983 Total long-term obligations 1,244,794 1,371,115 ( 18,553 ) 1,352,562 1,343,384 Less: current portion (1,373 ) (1,373 ) — ( 1,373 ) ( 13,576 ) Long-term obligations, excluding current portion $ 1,243,421 $ 1,369,742 $ ( 18,553 ) $ 1,351,189 $ 1,329,808 * The Company incurred and capitalized third-party costs as deferred financing, which is being amortized over the life of the debt.
Summary of Debt Instrument Redemption	The Company may redeem the notes, in whole or in part, at par. On or after August 1, 2021, the Company may redeem the notes, in whole or in part, at the following (expressed as a percentage of the principal amount to be redeemed): Twelve-month period beginning on August 1, Percentage 2021 103.313 % 2022 101.656 % 2023 and thereafter 100.000 %
Maturities of Long-Term Obligations	At December 3 1, 2021, maturities of long-term obligations consisted of the following: Long-Term Finance Lease Totals 2022 $ — $ 1,373 $ 1,373 2023 22,924 521 23,445 2024 — 401 401 2025 348,330 365 348,695 2026 986,873 407 987,280 Thereafter — 9,921 9,921 Long-term obligations $ 1,358,127 $ 12,988 $ 1,371,115

Capital Stock (Tables)

Capital Stock (Tables)	12 Months Ended
	Dec. 31, 2021
Federal Home Loan Banks [Abstract]
Summary Changes in Common Shares Outstanding	The changes in common shares outstanding during the three years ended December 31, 2019, December 31, 2020, and December 31, 2021 were as follows: Common Shares Outstanding at December 31, 2018 93,622,934 Issuance of restricted stock and restricted stock units 564,729 Treasury stock purchases ( 15,679 ) Vesting of restricted stock and restricted stock units 74,292 Exercise of stock options 215,300 Common Shares Outstanding at December 31, 2019 94,461,576 Issuance of stock as part of debt refinancing 15,942,551 Issuance of shares to directors 81,843 Treasury stock purchases ( 21,685 ) Vesting of restricted stock and restricted stock units 203,328 Exercise of stock options 114,000 Common Shares Outstanding at December 31, 2020 110,781,613 Issuance of shares to directors 353,911 Treasury stock purchases ( 706,458 ) Vesting of restricted stock and restricted stock units 1,670,995 Exercise of warrants 366,503 Cancellation of restricted stock awards ( 986,420 ) Exercise of stock options 690,800 Common Shares Outstanding at December 31, 2021 112,170,944

Other (Income) Expense, net (Ta

Other (Income) Expense, net (Tables)	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
Summary of Other Expense, Net	Fiscal Year Ended December 31, 2021 2020 2019 Other (income) expense, net consists of the following: Undistributed loss (income) in equity method investments $ ( 220 ) $ 333 $ ( 472 ) Foreign currency (gain) losses ( 953 ) ( 1,058 ) 421 Debt refinancings (see Note 12) — — 36 Corporate development expenses 561 2,185 2,472 (Gain) on sale of Canada retail assets — — ( 2,873 ) Sale of ownership interest in Punchbowl (see Note 21) — — 2,169 Loss on sale of assets 143 95 — Other, net ( 145 ) 2,160 * 118 Other (income) expense, net $ ( 614 ) $ 3,715 $ 1,871 *2020 balance consists of expense related to Kazzam (see Note 25) and fees from international operations owned in 2020 (see Note 6)

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Summary of Changes in Outstanding Options	The following table summarizes the changes in outstanding stock options for the years ended December 31, 2019, December 31, 2020, and December 31, 2021. Options Average Average Fair Aggregate Weighted Outstanding at December 31, 2018 6,927,174 $ 9.39 $ 4,089 5.2 Granted 337,000 $ 6.43 $ 2.16 Exercised ( 215,300 ) $ 5.33 Forfeited ( 730,157 ) $ 13.00 Outstanding at December 31, 2019 6,318,717 $ 8.95 $ 41,784 4.4 Granted 300,000 $ 3.67 $ 5.04 Exercised ( 114,000 ) $ 5.04 Forfeited ( 3,213,542 ) $ 5.99 Outstanding at December 31, 2020 3,291,175 $ 7.63 $ ( 41,545 ) 3.3 Granted — $ - Exercised ( 690,800 ) $ 5.33 Forfeited ( 1,568,156 ) $ 15.12 Outstanding at December 31, 2021 1,032,219 $ 10.18 $ ( 4,754 ) 4.5 Exercisable at December 31, 2021 862,719 $ 10.42 $ ( 4,182 ) 4.0 Expected to vest at December 31, 2021 (excluding performance-based options) 169,500 $ 8.95 $ ( 572,315 ) 7.2
Time Based Stock Options [Member]
Fair Value of Options Granted	The fair value of time-based options granted during the year ended December 31, 2020 was estimated on the grant date using a Black-Scholes option valuation model based on the assumptions in the following table: Expected dividend rate — % Risk-free interest rate 0.2 % to 2.44 % Volatility 29.06 % to 135.74 % Expected option term 1.8 years — 5 years
Performance-based Restricted Stock Units [Member]
Fair Value of Options Granted	The PRSUs and Restricted Cash awards are measured at fair value based on Monte Carlo simulation models, based on the assumptions in the table below Expected dividend rate — % Risk-free interest rate 0.30 % to 0.32 % Volatility 106.31 % to 140.02 % Weighted average grant date fair value $ 1.02

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Summary of Domestic and Foreign Income Before Income Taxes	A summary of domestic and foreign income before income taxes follows: Fiscal Year Ended December 31, 2021 2020 2019 Domestic $ 193 $ ( 542,046 ) $ ( 572,287 ) Foreign ( 1,067 ) ( 143,064 ) 38,124 Total $ ( 874 ) $ ( 685,110 ) $ ( 534,163 )
Summary of Income Tax Expense (Benefit)	The income tax expense (benefit) consisted of the following: Fiscal Year Ended December 31, 2021 2020 2019 Current: Federal $ 9,491 $ ( 61,528 ) $ 28,908 State 911 ( 1,639 ) 4,613 Foreign 461 1,599 12,540 Total current expense 10,863 ( 61,568 ) 46,061 Deferred: Federal ( 6,707 ) ( 70,440 ) ( 37,166 ) State 1,356 ( 19,252 ) ( 11,207 ) Foreign 196 ( 5,393 ) 1,007 Total deferred (benefit) expense ( 5,155 ) ( 95,085 ) ( 47,366 ) Income tax (benefit) expense $ 5,708 $ ( 156,653 ) $ ( 1,305 )
Summary of Deferred Income Tax Assets and Liabilities	Deferred income tax assets and liabilities consisted of the following: December 31, 2021 2020 Deferred income tax assets: Inventory reserves and capitalization $ 20,007 $ 9,199 Allowance for doubtful accounts 1,884 2,020 Accrued liabilities 9,624 16,798 Equity based compensation 4,316 4,437 State tax loss carryforwards 8,433 9,610 Foreign tax loss carryforwards 2,586 2,839 Debt Exchange basis difference 47,853 58,270 Section 163(j) Interest Limitation 18,126 — Lease Liabilities 198,332 199,585 Outside basis differences in foreign subsidiaries (APB 23) 1,113 12,800 Capitalized refinancing and other costs 4,692 4,216 Other 2,016 3,922 Deferred income tax assets before valuation 318,982 323,696 Less: valuation allowances ( 12,608 ) ( 13,731 ) Deferred income tax assets, net $ 306,374 $ 309,965 Deferred income tax liabilities: Depreciation $ 42,548 $ 45,984 Trade Name 99,039 98,817 Amortization of goodwill and other assets 13,065 11,654 Loss Recapture and other differences — 10,962 Foreign earnings expected to be repatriated 969 1,072 Lease Right of Use Assets 175,942 166,617 Other 4,006 9,281 Deferred income tax liabilities $ 335,569 $ 344,387
Summary of Difference Between the Effective Income Tax Rate and the U.S. Statutory Income Tax Rate	The difference between the Company’s effective income tax rate and the U.S. statutory income tax rate is as follows: Fiscal Year Ended December 31, 2021 2020 2019 Tax provision at U.S. statutory income tax rate 21.0 % 21.0 % 21.0 % State income tax, net of federal income tax ( 205.0 ) 2.4 1.0 Valuation allowances 23.1 ( 2.7 ) ( 0.4 ) GILTI and Foreign-Derived Intangible Income 83.8 — ( 0.6 ) Foreign earnings ( 37.5 ) 1.3 ( 1.5 ) U.S. — foreign rate differential ( 35.3 ) 0.4 ( 0.6 ) CARES Act: 5-year NOL carryback — 2.9 — Debt exchange – cancellation of debt — 8.7 — Goodwill Impairment — ( 10.3 ) ( 17.9 ) Uncertain tax positions ( 560.2 ) ( 1.4 ) ( 0.7 ) Other 57.0 0.6 ( 0.1 ) Effective income tax rate ( 653.1 ) % 22.9 % 0.2 %
Summary of Activity of Company's Gross Unrecognized Tax Benefits	The following table summarizes the activity related to the Company’s gross unrecognized tax benefits: Fiscal Year Ended December 31, 2021 2020 2019 Balance at beginning of year $ 13,890 $ 4,891 $ 1,320 Increases related to current period tax positions 3,759 8,186 652 Increases related to prior period tax positions 3,885 1,061 3,030 Decreases related to settlements ( 6,245 ) — — Decreases related to lapsing of statutes of ( 268 ) ( 248 ) ( 111 ) Balance at end of year $ 15,021 $ 13,890 $ 4,891

Commitments, Contingencies an_2

Commitments, Contingencies and Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Summary of Future Minimum Product Royalties	At December 31, 2021, the Company’s commitment to pay future minimum product royalties was as follows: Future Minimum 2022 $ 14,937 2023 8,114 2024 1,600 Thereafter — $ 24,651

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the years ended Decem ber 31, 2021, December 31, 2020, and December 31, 2019 are as follows: Wholesale Retail Consolidated Year Ended December 31, 2021 Net sales before eliminations $ 990,636 $ 1,769,986 $ 2,760,622 Eliminations ( 589,562 ) — ( 589,562 ) Total revenues 401,074 1,769,986 2,171,060 (Loss) from operations $ ( 28,492 ) $ 113,124 $ 84,632 Interest expense, net 87,226 Other expense, net ( 614 ) Gain on debt refinancing ( 1,106 ) Loss before income taxes ( 874 ) Depreciation and amortization 21,778 43,832 65,610 Capital expenditures ( 22,572 ) ( 56,650 ) ( 79,222 ) Total assets $ 1,355,010 $ 1,356,890 $ 2,711,900 Wholesale Retail Consolidated Year Ended December 31, 2020 Net sales before eliminations $ 940,228 $ 1,382,325 $ 2,322,553 Eliminations ( 471,863 ) — ( 471,863 ) Total revenues $ 468,365 $ 1,382,325 $ 1,850,690 (Loss) from operations $ ( 303,663 ) $ ( 573,838 ) $ ( 877,501 ) Interest expense, net 77,043 Other expense, net 3,715 Gain on debt refinancing ( 273,149 ) Income before income taxes $ ( 685,110 ) Depreciation and amortization $ 25,813 $ 50,693 $ 76,506 Capital expenditures $ ( 22,206 ) $ ( 28,922 ) $ ( 51,128 ) Total assets $ 1,123,322 $ 1,683,133 $ 2,806,455 Wholesale Retail Consolidated Year Ended December 31, 2019 Net sales before eliminations $ 1,240,026 $ 1,751,415 $ 2,991,441 Eliminations ( 642,652 ) — ( 642,652 ) Total revenues $ 597,374 $ 1,751,415 $ 2,348,789 Income from operations $ 4,152 $ ( 421,545 ) $ ( 417,393 ) Interest expense, net 114,899 Other income, net 1,871 Income before income taxes $ ( 534,163 ) Depreciation and amortization $ 27,845 $ 53,271 $ 81,116 Capital expenditures $ 29,480 $ 32,253 $ 61,733 Total assets $ 1,912,522 $ 1,682,797 $ 3,595,319
Schedule of Company's Industry Geographic Segments	Th e Company’s geographic area data follows: Domestic Foreign Eliminations Consolidated Year Ended December 31, 2021 Revenues: Net sales to unaffiliated customers $ 2,095,849 $ 75,211 $ — $ 2,171,060 Net sales between geographic areas 17,798 10,067 ( 27,865 ) — Total revenues $ 2,113,647 $ 85,278 $ ( 27,865 ) $ 2,171,060 (Loss) from operations $ 86,095 $ ( 1,463 ) $ — $ 84,632 Interest expense, net 87,226 Other expense, net ( 1,720 ) (Loss) before income taxes $ ( 874 ) Depreciation and amortization $ 63,755 $ 1,855 $ 65,610 Total long-lived assets (excluding goodwill, trade $ 242,396 $ 5,425 $ 247,821 Total assets $ 2,657,333 $ 54,567 $ — $ 2,711,900 Domestic Foreign Eliminations Consolidated Year Ended December 31, 2020 Revenues: Net sales to unaffiliated customers $ 1,581,294 $ 269,396 $ — $ 1,850,690 Net sales between geographic areas 167,945 113,828 ( 281,773 ) — Total revenues $ 1,749,239 $ 383,224 $ ( 281,773 ) $ 1,850,690 Income from operations $ ( 644,338 ) $ 14,189 $ ( 247,352 ) $ ( 877,501 ) Interest expense, net 77,043 Other expense, net ( 269,434 ) Income before income taxes $ ( 685,110 ) Depreciation and amortization $ 70,586 $ 5,920 $ 76,506 Total long-lived assets (excluding goodwill, trade $ 103,885 $ 24,746 $ 128,631 Total assets $ 2,518,490 $ 287,965 $ — $ 2,806,455 Domestic Foreign Eliminations Consolidated Year Ended December 31, 2019 Revenues: Net sales to unaffiliated customers $ 1,977,598 $ 371,191 $ — $ 2,348,789 Net sales between geographic areas 57,117 86,811 ( 143,928 ) — Total revenues $ 2,034,715 $ 458,002 $ ( 143,928 ) $ 2,348,789 Income from operations $ ( 412,225 ) $ ( 5,168 ) $ — $ ( 417,393 ) Interest expense, net 114,899 Other income, net 1,871 Income before income taxes $ ( 534,163 ) Depreciation and amortization $ 72,701 $ 8,415 $ 81,116 Total long-lived assets (excluding goodwill, trade $ 224,692 $ 26,156 $ 250,848 Total assets $ 3,317,305 $ 278,014 $ — $ 3,595,319

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
The Future Cash flows for The Company's Operating Leases	As of December 31, 2021 and 2020, the weighted-average remaining lease term for operating leases was 5 years and 6 years, respectively, and the weighted-average discount rate for operating leases was 8.6 % and 8.6 %, respectively. Future Minimum 2022 $ 190,126 2023 175,276 2024 150,537 2025 135,788 2026 104,138 Thereafter 313,162 Total undiscounted cash flows 1,069,027 Less: Interest ( 296,715 ) Total operating lease liability 772,312 Less: Current portion of operating lease liability ( 116,437 ) Long-term portion of operating lease liability $ 655,875

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Summary of Carrying Amount and Fair Value	The carrying amounts and fair values of borrowings under the Term Loan Credit Agreement and the senior notes as of December 31, 2021 are as follows: Carrying Amount Fair Value 8.75% Senior Secured First Lien Notes – due 2026 $ 750,000 $ 772,500 6.125% Senior Notes — due 2023 22,924 20,536 6.625% Senior Notes — due 2026 92,254 79,048 First Lien Party City Notes – due 2025 198,004 185,411 First Lien Anagram Notes – due 2025 150,326 167,804 Second Lien Anagram Notes – due 2026 144,619 150,653

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Derivatives	The following table displays the fair values of the Company’s derivatives at December 31, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities December 31, 2020 December 31, 2019 December 31, 2020 December 31, 2019 Balance Fair Balance Fair Balance Fair Balance Fair Foreign Exchange Contracts (a) PP $ — (a) PP $ — (b) AE $ 303 (b) AE $ — (a) PP = Prepaid expenses and other current assets (b) AE = Accrued expenses
Schedule of Notional Amounts of Derivatives	The following table displays the notional amounts of the Company’s derivatives at December 31, 2020 and December 31, 2019: Derivative Instrument December 31, December 31, Foreign Exchange Contracts $ 3,850 $ 300

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive income (loss) consisted of the following: Year Ended December 31, 2021 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2020 $ ( 31,264 ) $ 1,348 $ ( 29,916 ) Other comprehensive (loss) income before ( 1,784 ) 77 ( 1,707 ) Release of cumulative foreign currency translation adjustment to net income (loss) as a result of disposition of international operations 36,589 ( 1,422 ) 35,167 Amounts reclassified from accumulated other — ( 3 ) ( 3 ) Net current-period other comprehensive income (loss) 34,805 ( 1,348 ) 33,457 Balance at December 31, 2021 $ 3,541 $ — $ 3,541 Year Ended December 31, 2020 Foreign Impact of Total, Net Balance at December 31, 2019 $ ( 37,434 ) $ 1,700 $ ( 35,734 ) Other comprehensive income before 6,170 ( 495 ) 5,675 Amounts reclassified from accumulated other — 143 143 Net current-period other comprehensive (loss) income 6,170 ( 352 ) 5,818 Balance at December 31, 2020 $ ( 31,264 ) $ 1,348 $ ( 29,916 ) Year Ended December 31, 2019 Foreign Impact of Total, Net Balance at December 31, 2018 $ ( 50,056 ) $ 855 $ ( 49,201 ) Other comprehensive income (loss) before 5,725 106 5,831 Amounts reclassified from accumulated other 6,897 739 7,636 Net current-period other comprehensive income (loss) 12,622 845 13,467 Balance at December 31, 2019 $ ( 37,434 ) $ 1,700 $ ( 35,734 )

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Summary of Revenue from Contracts with Customers	The following table summarizes revenue from contracts with customers for the years ended December 31, 2021, December 31, 2020, and December 31, 2019: Fiscal Year Ended December 31, 2021 2020 2019 Retail Net Sales: Party City Stores* $ 1,734,261 $ 1,374,680 $ 1,700,812 Temporary Stores 35,726 7,645 50,603 Total Retail Revenues $ 1,769,987 $ 1,382,325 $ 1,751,415 Wholesale Net Sales: Domestic $ 263,661 $ 238,936 $ 310,042 International 137,412 229,429 287,332 Total Wholesale Net Sales $ 401,073 $ 468,365 $ 597,374 Total Consolidated Revenue $ 2,171,060 $ 1,850,690 $ 2,348,789 * 2021 sales represent in person and online sales of product in stores

Organization, Description of _2

Organization, Description of Business and Basis of Presentation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021Store
PC Nextco [Member]
Basis Of Presentation [Line Items]
Ownership percentage	100.00%
PC Intermediate [Member]
Basis Of Presentation [Line Items]
Ownership percentage	100.00%
Party City Holdings Inc [Member]
Basis Of Presentation [Line Items]
Ownership percentage	100.00%
United States and Canada [Member]
Basis Of Presentation [Line Items]
Number of stores	830

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jul. 18, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Significant Accounting Policies [Line Items]
Retail advertising expenses		$ 55,339	$ 61,036	$ 72,518
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]			true		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]			true
Increase (decrease) in retained earnings		82,714	$ 50,521	529,721	$ 1,043,621
Retained (deficit) earnings		(571,985)	(565,457)
Retained Earnings (Deficit) [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings		$ (571,985)	$ (565,457)	$ (37,219)	495,777
Cumulative Effect of Change in Accounting Principle, Net [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings					159
Cumulative Effect of Change in Accounting Principle, Net [Member] | Retained Earnings (Deficit) [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings					$ (503)
Restricted Stock Units (RSUs) [Member]
Significant Accounting Policies [Line Items]
Antidilutive securities excluded from calculation of earnings per share		1,514,010	787,313	413,968
Performance Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Antidilutive securities excluded from calculation of earnings per share		4,653,373	1,206,723
Employee Stock Option [Member]
Significant Accounting Policies [Line Items]
Antidilutive securities excluded from calculation of earnings per share		1,032,219	3,240,461	3,510,317
Warrant [Member]
Significant Accounting Policies [Line Items]
Antidilutive securities excluded from calculation of earnings per share			1,000,000	596,000
Performance-based Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Share based stock awards vesting period	3 years
Share-based compensation arrangement service vesting period of thresholds	2 years
Vesting Period 1 [Member] | Performance-based Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	$ 2.50
Vesting Period 2 [Member] | Performance-based Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	5
Vesting Period 3 [Member] | Performance-based Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	7.50
Share Based Compensation Award Tranche Four | Performance-based Restricted Stock Units [Member]
Significant Accounting Policies [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	$ 10
Retail Segment [Member]
Significant Accounting Policies [Line Items]
Revenue, information used to determine transaction price		The transaction price for the majority of the Company’s retail sales is based on either: 1) the item’s stated price or 2) the stated price adjusted for the impact of a coupon which can only be applied to such transaction. To the extent that the Company charges customers for freight costs on e-commerce sales, the Company records such amounts in revenue. The Company excludes all sales taxes and value-added taxes from revenue.
Retail Segment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Royalty fee percentage		4.00%
Retail Segment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Royalty fee percentage		6.00%
Wholesale Segment [Member]
Significant Accounting Policies [Line Items]
Revenue, information used to allocate transaction price		the determination of the transaction price is fixed based on the contract and/or purchase order.
Wholesale Segment [Member] | Minimum [Member]
Significant Accounting Policies [Line Items]
Receivables collection period		30 days
Wholesale Segment [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Receivables collection period		120 days
Convergram Mexico, S. De R.L. De C.V. [Member]
Significant Accounting Policies [Line Items]
Equity method investment percentage in joint venture		49.90%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Schedule of Reconciliation Between Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net (loss) income attributable to common shareholders of Party City Holdco Inc.:	$ (6,528)	$ (528,238)	$ (532,495)
Weighted-average number of common shares—Basic	110,980,934	100,804,944	93,295,692
Effect of dilutive restricted stock units:	0	0	0
Effect of dilutive stock options:	0	0	0
Weighted average shares — Diluted:	110,980,934	100,804,944	93,295,692
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. — Basic:	$ (0.06)	$ (5.24)	$ (5.71)
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. — Diluted:	$ (0.06)	$ (5.24)	$ (5.71)

Store Impairment and Restruct_3

Store Impairment and Restructuring Charges - Additional Information (Detail) - Store	1 Months Ended	3 Months Ended		12 Months Ended
	Jan. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Number of stores identified for closure			21	55
Number of stores closed	20	21		35

Store Impairment and Restruct_4

Store Impairment and Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, plant and equipment impairment	$ 31,277	$ 0
Total			$ 35,329	$ 50,322
Cost of Sales [Member]
Inventory reserves			12,880	21,284
Restructuring Charges [Member]
Operating lease asset impairment			15,520	14,943
Property, plant and equipment impairment			2,065	4,680
Labor and other costs incurred closing stores			$ 4,864	8,754
Severance				$ 661

Goodwill - Schedule of Changes

Goodwill - Schedule of Changes in Goodwill by Reporting Segment (Detail) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Goodwill By Segment [Line Items]
Beginning balance					$ 661,251
Goodwill impairment	$ 0	$ (401,436)	$ (556,056)	$ (556,056)
Ending balance	661,251				664,296	$ 661,251
Wholesale Segment [Member]
Schedule Of Goodwill By Segment [Line Items]
Beginning balance		493,432			333,184	493,432
Goodwill impairment					0	(148,326)
Foreign currency translation					(414)	1,483
Goodwill related to divested international business					(1,042)	(13,405)
Ending balance	333,184		493,432		331,728	333,184
Retail Segment [Member]
Schedule Of Goodwill By Segment [Line Items]
Beginning balance		$ 578,898			328,067	578,898
Goodwill impairment					0	(253,110)
Foreign currency translation					0	767
Ending balance	$ 328,067		$ 578,898		332,568	328,067
Retail Segment [Member] | Store Acquisitions [Member]
Schedule Of Goodwill By Segment [Line Items]
Business acquisition					$ 4,501	$ 1,512

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	3 Months Ended					12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Goodwill, impairment loss	$ 0		$ 401,436,000	$ 556,056,000	$ 556,056,000
Impairment charge on intangible asset		$ 2,423,000
Tangible asset impairment charges		31,277,000				$ 0
Trade Names [Member]
Goodwill [Line Items]
Impairment of indefinite-lived intangibles		$ 11,032,000
Party City Holdings Inc [Member]
Goodwill [Line Items]
Impairment charge on intangible asset			131,287,000					$ 0
Halloween City Trade Name [Member]
Goodwill [Line Items]
Impairment charge on intangible asset			3,925,000					$ 6,575,000
Retail Segment [Member]
Goodwill [Line Items]
Goodwill, impairment loss						$ 0	$ 253,110,000
Operating Segments [Member] | Wholesale Segment [Member]
Goodwill [Line Items]
Goodwill, impairment loss			148,326,000	25,400,000	35,000,000
Operating Segments [Member] | Retail Segment [Member]
Goodwill [Line Items]
Goodwill, impairment loss			$ 253,110,000	$ 271,500,000	$ 224,100,000

Sale_Leaseback Transaction - Ad

Sale/Leaseback Transaction - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2021	Jun. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Aggregate sale price		$ 128,000
Gain on the sale net			$ 0	$ 0	$ 58,381
Lease agreement term			Under the terms of the lease agreements, the Company will pay total rent of $8,320 during the first year and the annual rent will increase by 2% thereafter.
Annual rent increase rate			2.00%
Total rent payment			$ 8,320
Term Loan Credit Agreement [Member]
Proceeds from the sale (net of costs)		125,864
Repayment of Term debt Loan	$ 694,220	$ 62,770

Disposition of Assets and Ass_3

Disposition of Assets and Assets and Liabilities Held for Sale - Additional Information (Detail) - USD ($) $ in Thousands	Oct. 01, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2021
Total impairment charges				$ 11,545
Equipment impairment charges				8,650
Impairments of inventories		$ 68,707	$ 88,358	2,425
Severance and other costs				470
Transaction value									$ 50,700
Loss reserve on net assets				73,948
Income before income taxes				(874)	$ (685,110)	$ (534,163)
Canadian Based Retailer [Member]
Sale of stores	$ 131,711
Supply agreement term	10 years
CANADA [Member]
Income before income taxes						$ 2,631	$ 10,737	$ 8,947
Gain on sale of assets				$ 2,873

Disposition of Assets and Ass_4

Disposition of Assets and Assets and Liabilities Held for Sale - Schedule of Assets and Liabilities of International Operations as Held for Sale (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets held for sale, net	$ 0	$ 83,110
Discontinued Operations, Held-for-sale [Member]
Cash		31,628
Accounts receivable, net		32,392
Inventories, net		66,100
Prepaid expense		8,794
Goodwill		13,405
Other assets, net		4,739
Total assets held for sale		157,058
Held for sale reserve		73,948
Loans and notes payable		1,311
Accounts payable		25,471
Current operating lease liability		4,558
Accrued expenses		23,525
Income taxes payable and Deferred income tax liabilities		2,234
Long term obligations excluding current portion		40
Other long-term liabilities		3,354
Long term operating lease liability		7,999
Total, net		68,492
Discontinued Operations, Held-for-sale [Member] | Wholesale Segment [Member]
Cash		25,989
Accounts receivable, net		31,932
Inventories, net		55,574
Prepaid expense		4,375
Goodwill		13,405
Other assets, net		1,891
Total assets held for sale		133,166
Loans and notes payable		1,311
Accounts payable		23,364
Current operating lease liability		4,174
Accrued expenses		16,527
Income taxes payable and Deferred income tax liabilities		258
Long term obligations excluding current portion		40
Long term operating lease liability		6,167
Total, net		51,841
Discontinued Operations, Held-for-sale [Member] | Retail Segment [Member]
Cash		5,639
Accounts receivable, net		460
Inventories, net		10,526
Prepaid expense		4,419
Other assets, net		2,848
Total assets held for sale		23,892
Accounts payable		2,107
Current operating lease liability		384
Accrued expenses		6,998
Income taxes payable and Deferred income tax liabilities		1,976
Other long-term liabilities		3,354
Long term operating lease liability		1,832
Total, net		$ 16,651

Inventories, Net - Summary of I

Inventories, Net - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Finished goods	$ 393,609	$ 367,275
Raw materials	25,624	27,111
Work in process	24,062	17,899
Inventories, net	$ 443,295	$ 412,285

Inventories, Net - Additional I

Inventories, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2021
Inventory Disclosure [Abstract]
Disposal of inventory	$ 68,707	$ 88,358	$ 2,425

Property, Plant and Equipment_3

Property, Plant and Equipment, Net - Property, Plant and Equipment, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 816,750	$ 790,425
Less: accumulated depreciation	(594,880)	(581,013)
Property plant and equipment, net	221,870	209,412
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 245,983	247,255
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	15 years
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 6,277	9,982
Useful lives	40 years
Data Processing Equipment [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 131,989	129,988
Data Processing Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	3 years
Data Processing Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 203,503	176,389
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	1 year
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	10 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 228,818	218,452
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	5 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful lives	10 years
Land [Member]
Property, Plant and Equipment [Line Items]
Property plant and equipment gross	$ 180	$ 8,359

Property, Plant and Equipment_4

Property, Plant and Equipment, Net - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property Plant And Equipment Useful Life And Values [Abstract]
Depreciation expense related to property, plant and equipment, including assets under finance leases	$ 56,189	$ 65,144	$ 67,016

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) $ in Millions	1 Months Ended
	Nov. 30, 2019USD ($)
Livario Gmbh and Weboth Gmbh [Member]
Business Acquisition [Line Items]
Total consideration amount	$ 9

Intangible Assets - Schedule of

Intangible Assets - Schedule of Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Cost	$ 161,166	$ 168,409
Accumulated Amortization	137,479	136,275
Net Carrying Value	23,687	32,134
Franchise-related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	73,225	77,377
Accumulated Amortization	59,311	57,524
Net Carrying Value	13,914	19,853
Customer Lists and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	58,911	62,002
Accumulated Amortization	49,154	49,739
Net Carrying Value	9,757	12,263
Copyrights and Designs [Member]
Finite-Lived Intangible Assets [Line Items]
Cost	29,030	29,030
Accumulated Amortization	29,014	29,012
Net Carrying Value	$ 16	$ 18
Minimum [Member] | Franchise-related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	4 years	4 years
Minimum [Member] | Customer Lists and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	2 years	2 years
Minimum [Member] | Copyrights and Designs [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	5 years	5 years
Maximum [Member] | Franchise-related Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	19 years	19 years
Maximum [Member] | Customer Lists and Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	20 years	20 years
Maximum [Member] | Copyrights and Designs [Member]
Finite-Lived Intangible Assets [Line Items]
Useful lives	7 years	7 years

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Amortization expense for finite-lived intangible assets			$ 9,075,000	$ 11,362,000	$ 14,100,000
Amortization expense for next twelve months			5,565,000
Amortization expense for two year			3,988,000
Amortization expense for three year			3,380,000
Amortization expense for four year			2,847,000
Amortization expense for five year			2,468,000
Impairment charge on intangible asset	$ 2,423,000
Tangible asset impairment charges	31,277,000		$ 0
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment of indefinite-lived intangibles	$ 11,032,000
Party City Holdings Inc [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment charge on intangible asset		$ 131,287,000			0
Halloween City Trade Name [Member]
Finite-Lived Intangible Assets [Line Items]
Impairment charge on intangible asset		$ 3,925,000			$ 6,575,000

Loans and Notes Payable - ABI F

Loans and Notes Payable - ABI Facility - Additional Information (Detail) $ in Thousands	May 07, 2021USD ($)	Feb. 28, 2021USD ($)	Aug. 31, 2018	Dec. 31, 2021USD ($)OptionPlan	Feb. 01, 2021USD ($)	Dec. 31, 2020USD ($)	Apr. 30, 2019USD ($)
Debt Instrument [Line Items]
Debt instrument maturity date			Aug. 31, 2026
Line of credit facility, amount outstanding				$ 84,181		$ 175,707
Minimum [Member]
Debt Instrument [Line Items]
Commitment fee percentage		0.50%
Maximum [Member]
Debt Instrument [Line Items]
Commitment fee percentage		1.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility current borrowing capacity				304,420
Credit facility borrowing maximum capacity				640,000
Line of credit facility, amount outstanding				$ 87,070
Interest rates				2.64%		2.34%
Outstanding letter of credit				$ 24,940		$ 24,452
Line of credit facility, remaining borrowing capacity				192,410		176,522
Letter Of Credit [Member]
Debt Instrument [Line Items]
Outstanding letter of credit				24,940
ABL Facility [Member]
Debt Instrument [Line Items]
Notes issued rate					8.75%
Unamortized financing costs				2,889		$ 1,419
Outstanding aggregate principal amount, prepaid				44,000
ABL Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility current borrowing capacity	$ 15,000			$ 540,000
Debt instrument maturity, year and month	2024-05
Credit facility borrowing maximum capacity							$ 640,000
Reduction in line of credit facility		$ 475,000
Third-party fees					$ 2,400
Debt instrument maturity date				Aug. 31, 2023
Letters of credit outstanding maximum under our ABL facility				$ 50,000
Number of pricing options | OptionPlan				2
Interest rate description				All revolving loans will bear interest, at the Anagram's election, at a per annum rate equal to either (a) a base rate, which represents for any day a rate equal to the greater of (i) the prime rate on such day subject to a 0% floor, (ii) thefederal funds rate plus 0.5% and (iii) one-half of one percent per annum, in each case, plus a margin of 1.5% or (b) the Daily One Month LIBOR subject to a 0.5% floor, plus a margin of 2.5%.
Basis spread on variable rate		0.50%
Commitment fee percentage				0.25%
Percentage applied to aggregate commitments and borrowing base				10.00%
Applicability of fixed charge coverage ratio, description				PCHI must comply with a fixed charge coverage ratio if excess availability under the ABL Facility on any day is less than the greater of: (a) 10% of the lesser of the aggregate commitments and the then borrowing base under the ABL Facility and (b) $40,000.
Line of credit facility, excess availability				$ 40,000
ABL Facility [Member] | Revolving Credit Facility [Member] | Alternate Base Interest Rate Loans [Member]
Debt Instrument [Line Items]
Interest rate description				(i) an alternate base interest rate (“ABR”) equal to the greater of (a) the prime rate, (b) the federal funds rate plus 0.5% or (c) the LIBOR rate plus 1%, in each case, on the date of such borrowing
Basis spread on variable rate		2.50%
ABL Facility [Member] | Revolving Credit Facility [Member] | Alternate Base Interest Rate Loans [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.25%
ABL Facility [Member] | Revolving Credit Facility [Member] | Alternate Base Interest Rate Loans [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
ABL Facility [Member] | Revolving Credit Facility [Member] | Federal Fund Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
ABL Facility [Member] | Revolving Credit Facility [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		0.50%		1.00%
ABL Facility [Member] | Revolving Credit Facility [Member] | LIBOR Based Loans [Member]
Debt Instrument [Line Items]
Interest rate description				(ii) a LIBOR based interest rate, in each case plus an applicable margin.
ABL Facility [Member] | Revolving Credit Facility [Member] | LIBOR Based Loans [Member] | Minimum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.25%
ABL Facility [Member] | Revolving Credit Facility [Member] | LIBOR Based Loans [Member] | Maximum [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.50%
ABL Facility [Member] | Revolving Credit Facility [Member] | Prime Rate Member
Debt Instrument [Line Items]
Basis spread on variable rate		0.00%
ABL Facility [Member] | Revolving Credit Facility [Member] | One-half of One Percent Margin [Member]
Debt Instrument [Line Items]
Basis spread on variable rate		1.50%
ABL Facility [Member] | Letter Of Credit [Member]
Debt Instrument [Line Items]
Credit facility borrowing maximum capacity	$ 3,000

Loans and Notes Payable - Other

Loans and Notes Payable - Other Credit Agreements - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 84,181	$ 175,707

Long-Term Obligations - Summary

Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	$ 1,244,794
Total long-term obligations, Gross Carrying Amount	1,371,115
Total long term obligations, Deferred Financing Costs	18,553
Total long-term obligations, Net Carrying Amount	1,352,562	$ 1,343,384
Current portion, Net Carrying Amount	(1,373)	(13,576)
Long-term obligations excluding current portion, Principal Amount	1,243,421
Long-term obligations excluding current portion, Gross Carrying Amount	1,369,742
Long-term obligations excluding current portion, Deferred Financing	(18,553)
Long-term obligations excluding current portion, Net Carrying Amount	1,351,189	1,329,808
Senior Secured Term Loan Facility [Member] | Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	0
Total long-term obligations, Gross Carrying Amount	0
Total long term obligations, Deferred Financing Costs	0
Total long-term obligations, Net Carrying Amount	0	690,165
8.75% Senior Secured First Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	750,000
Total long-term obligations, Gross Carrying Amount	750,000
Total long term obligations, Deferred Financing Costs	17,043
Total long-term obligations, Net Carrying Amount	732,957	0
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	22,924
Total long-term obligations, Gross Carrying Amount	22,924
Total long term obligations, Deferred Financing Costs	90
Total long-term obligations, Net Carrying Amount	22,834	22,779
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	92,254
Total long-term obligations, Gross Carrying Amount	92,254
Total long term obligations, Deferred Financing Costs	663
Total long-term obligations, Net Carrying Amount	91,591	106,315
First Lien Party City Notes - due 2025 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	161,669
Total long-term obligations, Gross Carrying Amount	198,004
Total long term obligations, Deferred Financing Costs	0
Total long-term obligations, Net Carrying Amount	198,004	206,775
First Lien Anagram Notes - due 2025 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	115,804
Total long-term obligations, Gross Carrying Amount	150,326
Total long term obligations, Deferred Financing Costs	757
Total long-term obligations, Net Carrying Amount	149,569	151,335
Second Lien Anagram Notes - due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	89,155
Total long-term obligations, Gross Carrying Amount	144,619
Total long term obligations, Deferred Financing Costs	0
Total long-term obligations, Net Carrying Amount	144,619	152,032
Finance lease obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations, Principal Amount	12,988
Total long-term obligations, Gross Carrying Amount	12,988
Total long term obligations, Deferred Financing Costs	0
Total long-term obligations, Net Carrying Amount	$ 12,988	$ 13,983

Long-Term Obligations - Summa_2

Long-Term Obligations - Summary of Long-Term Obligations (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
8.75% Senior Secured First Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Notes issued rate	8.75%	8.75%
Debt instrument maturity period	2026	2026
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Notes issued rate	6.125%	6.125%
Debt instrument maturity period	2023	2023
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Notes issued rate	6.625%	6.625%
Debt instrument maturity period	2026	2026
First Lien Party City Notes due 2025 [Member]
Debt Instrument [Line Items]
Debt instrument maturity period	2025	2025
First Lien Party Anagram Notes Due2025 [Member]
Debt Instrument [Line Items]
Debt instrument maturity period	2025	2025
Second Lien Party Anagram Notes Due2026 [Member]
Debt Instrument [Line Items]
Debt instrument maturity period	2026	2026

Long-Term Obligations - Term Lo

Long-Term Obligations - Term Loan Credit Agreement - Additional Information (Detail) $ in Thousands	1 Months Ended			12 Months Ended
	Feb. 28, 2021USD ($)	Jun. 30, 2019USD ($)	Aug. 31, 2018	Dec. 31, 2021USD ($)OptionPlan	Dec. 31, 2020
Debt Instrument [Line Items]
Aggregate principal amount				$ 1,244,794
Debt instrument maturity date			Aug. 31, 2026
LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument interest rate increase decrease				2.50%
Debt instrument weighted average interest rate					3.25%
Alternate Base Interest Rate Loans [Member]
Debt Instrument [Line Items]
Debt instrument interest rate increase decrease				1.50%
Maximum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio				3.2
Minimum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio				1
8.75% Senior Secured First Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount				$ 750,000
Notes issued rate				8.75%	8.75%
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Notes issued rate				6.625%
Debt instrument maturity date				Aug. 1, 2026
6.125% Senior Notes due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Notes issued rate				6.125%
Debt instrument maturity date				Aug. 15, 2023
Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Percentage of net cash proceeds above sale of assets subject to debt mandatory prepayment				100.00%
Percentage of net cash proceeds of incurrence of debt subject to debt mandatory prepayment				100.00%
Percentage excess cash flow debt mandatory prepayment subject to leverage ratio				50.00%
Reduction in percentage of excess cash flow debt mandatory prepayment subject to leverage ratio				25.00%
Leverage ratio below that zero percentage of Excess Cash Flow as defined in the New Term Loan Credit Agreement				2.50
Repayment of Term debt Loan	$ 694,220	$ 62,770
Term Loan Credit Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio				3.50
Term Loan Credit Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Reduction in percentage of excess cash flow debt mandatory prepayment subject to leverage ratio				0.00%
Senior secured leverage ratio				1
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Credit facility maturity date				Aug. 19, 2022
Term loans repayment, quarterly installment percentage				0.25%
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Alternate Base Interest Rate Loans [Member]
Debt Instrument [Line Items]
Interest rate description				(i) an ABR for any day, a rate per annum equal to the greater of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5%, (c) the adjusted LIBOR rate plus 1% and (d) 1.75% or (ii) the LIBOR rate, with a LIBOR floor of 0.75%, in each case plus an applicable margin.
Debt Instrument Interest Rate Terms				(i) an ABR for any day, a rate per annum equal to the greater of (a) the prime rate in effect on such day, (b) the federal funds effective rate in effect on such day plus 0.5%, (c) the adjusted LIBOR rate plus 1% and (d) 1.75% or (ii) the LIBOR rate, with a LIBOR floor of 0.75%, in each case plus an applicable margin.
Term Loan Credit Agreement [Member] | Secured Debt [Member] | LIBOR Based Loans [Member]
Debt Instrument [Line Items]
Interest rate description				(ii) the LIBOR rate, with a LIBOR floor of 0.75%, in each case plus an applicable margin
Debt Instrument Interest Rate Terms				(ii) the LIBOR rate, with a LIBOR floor of 0.75%, in each case plus an applicable margin
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Maximum [Member] | Alternate Base Interest Rate Loans [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.75%
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Maximum [Member] | LIBOR Based Loans [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				2.75%
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Minimum [Member]
Debt Instrument [Line Items]
Number of pricing options | OptionPlan				2
Minimum adjustment rate of LIBOR				1.75%
Decreased LIBOR floor rate				0.75%
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Minimum [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				0.50%
Term Loan Credit Agreement [Member] | Secured Debt [Member] | Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate				1.00%
Term Loan Credit Agreement [Member] | 8.75% Senior Secured First Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Repayment of Term debt Loan				$ 694,220
Debt Instrument Redemption on or after August 15, 2023 [Member] | 6.625% Senior Notes due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed				103.313%
Debt Instrument Redemption on or after August 15, 2024 [Member] | 6.625% Senior Notes due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed				101.656%
Debt Instrument Redemption on or after August 15, 2025 [Member] | 6.625% Senior Notes due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed				100.00%

Long-Term Obligations - Senior

Long-Term Obligations - Senior Notes - Due 2023 - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Aug. 31, 2018	Dec. 31, 2021
Debt Instrument [Line Items]
Debt instrument maturity date	Aug. 31, 2026
6.125% Senior Notes due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Notes issued rate		6.125%
Debt instrument maturity date		Aug. 15, 2023
Debt instrument, frequency of periodic payment		semi-annually
Repurchase of senior notes of principal amount		101.00%

Long-Term Obligations - Senio_2

Long-Term Obligations - Senior Notes - Due 2026 - Additional Information (Detail) - USD ($) $ in Thousands	May 07, 2021	Feb. 28, 2021	Jun. 30, 2019	Aug. 31, 2018	Dec. 31, 2021	Feb. 01, 2021	Dec. 31, 2020	Apr. 30, 2019
Debt Instrument [Line Items]
Aggregate principal amount					$ 1,244,794
Debt instrument maturity date				Aug. 31, 2026
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding letter of credit					24,940		$ 24,452
Credit facility current borrowing capacity					304,420
Credit facility borrowing maximum capacity					640,000
Letter of Credit [Member]
Debt Instrument [Line Items]
Outstanding letter of credit					$ 24,940
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Notes issued rate					6.625%
Debt instrument maturity date					Aug. 1, 2026
Debt instrument, frequency of periodic payment					semi-annually
Repurchase of senior notes of principal amount					101.00%
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption By Equity Offering Before August 1, 2021 [Member]
Debt Instrument [Line Items]
Percentage of principal amount redeemed					40.00%
Percentage price of principal amount redeemed					106.625%
Equity offering for senior notes description					cash proceeds from certain equity offerings
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption By Equity Offering Before August 1, 2021 [Member]
Debt Instrument [Line Items]
Percentage of principal amount redeemed					100.00%
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption on or after August 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed					103.313%
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption on or after August 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed					101.656%
6.625% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption on or after August 15, 2025 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed					100.00%
8.750% Senior Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption By Equity Offering Before August 1, 2021 [Member]
Debt Instrument [Line Items]
Notes issued rate					8.75%
Debt Instrument, Interest Rate Terms		8.750
8.75% Senior Secured First Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 750,000
Notes issued rate		8.75%
Debt instrument maturity date		Feb. 28, 2026
Deferred Finance Costs Net		$ 18,976
Debt Instrument, Payment Terms		Interest on the 8.750% Senior Notes is payable semi-annually in arrears on February 15th and August 15th of each year. The 8.750% Senior Notes are guaranteed, jointly and severally, on a senior secured basis by each of PCHI’s existing and future domestic subsidiaries.
Debt instrument, frequency of periodic payment		semi-annually
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption on or after August 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed		104.375%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption on or after August 15, 2024 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed		102.188%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption on or after August 15, 2025 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed		100.00%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption Before August 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage price of principal amount redeemed		100.00%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption at Any Time Prior to August 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage of principal amount redeemed		10.00%
Percentage price of principal amount redeemed		103.00%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Debt Instrument Redemption By Equity Offering Before August 15, 2023 [Member]
Debt Instrument [Line Items]
Percentage of principal amount redeemed		40.00%
Percentage price of principal amount redeemed		108.75%
8.75% Senior Secured First Lien Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption By Equity Offering Before August 1, 2021 [Member]
Debt Instrument [Line Items]
Equity offering for senior notes description		cash proceeds from certain equity offerings
8.75% Senior Secured First Lien Notes due 2026 [Member] | Senior Notes [Member] | Debt Instrument Redemption By Equity Offering Before August 1, 2021 [Member]
Debt Instrument [Line Items]
Notes issued rate					8.75%
Repurchase of senior notes of principal amount		101.00%
Term Loan Credit Agreement [Member]
Debt Instrument [Line Items]
Repayments Of Long Term Debt		$ 694,220	$ 62,770
ABL Facility [Member]
Debt Instrument [Line Items]
Notes issued rate						8.75%
Unamortized Debt Issuance Expense					$ 2,889		$ 1,419
ABL Facility [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt instrument maturity, year and month	2024-05
Debt instrument maturity date					Aug. 31, 2023
Deferred Finance Costs Net						$ 2,400
Debt Instrument, Basis Spread on Variable Rate		0.50%
Credit facility current borrowing capacity	$ 15,000				$ 540,000
Credit facility borrowing maximum capacity								$ 640,000
Debt Instrument, Interest Rate Terms					All revolving loans will bear interest, at the Anagram's election, at a per annum rate equal to either (a) a base rate, which represents for any day a rate equal to the greater of (i) the prime rate on such day subject to a 0% floor, (ii) thefederal funds rate plus 0.5% and (iii) one-half of one percent per annum, in each case, plus a margin of 1.5% or (b) the Daily One Month LIBOR subject to a 0.5% floor, plus a margin of 2.5%.
Percentage Applied To Aggregate Commitments And Borrowing Base					10.00%
ABL Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Credit facility borrowing maximum capacity	$ 3,000
ABL Facility [Member] | Prime Rate [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.00%
ABL Facility [Member] | One Half Of One Percent Margin [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		1.50%
ABL Facility [Member] | Alternate Base Interest Rate Loans [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		2.50%
Debt Instrument, Interest Rate Terms					(i) an alternate base interest rate (“ABR”) equal to the greater of (a) the prime rate, (b) the federal funds rate plus 0.5% or (c) the LIBOR rate plus 1%, in each case, on the date of such borrowing
ABL Facility [Member] | Alternate Base Interest Rate Loans [Member] | Maximum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.50%
ABL Facility [Member] | Alternate Base Interest Rate Loans [Member] | Minimum [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate					0.25%

Long-Term Obligations - Summa_3

Long-Term Obligations - Summary of Debt Instrument Redemption (Detail) - 6.625% Senior Notes due 2026 [Member] - Senior Notes [Member]	12 Months Ended
	Dec. 31, 2021
Twelve-Month Period Beginning on August 1, 2021 [Member]
Debt Instrument Redemption [Line Items]
Percentage of principal amount to be redeemed	103.313%
Twelve-Month Period Beginning on August 1, 2022 [Member]
Debt Instrument Redemption [Line Items]
Percentage of principal amount to be redeemed	101.656%
Twelve-Month Period Beginning on August 1, 2023 and Thereafter [Member]
Debt Instrument Redemption [Line Items]
Percentage of principal amount to be redeemed	100.00%

Long-Term Obligations - First L

Long-Term Obligations - First Lien Party City Notes, First Lien Anagram Notes, Second Lien Anagram Notes - Additional Information (Detail) $ / shares in Units, $ in Thousands	Jul. 30, 2020USD ($)BasisPoint$ / sharesshares	Aug. 31, 2018	Dec. 31, 2021USD ($)$ / shares	Dec. 31, 2020
Debt Instrument [Line Items]
Aggregate principal amount			$ 1,244,794
Common stock, par value | $ / shares			$ 0.01
Debt instrument maturity date		Aug. 31, 2026
Refinancing Transactions [Member]
Debt Instrument [Line Items]
Common stock issued | shares	15,942,551
Common stock, par value | $ / shares	$ 0.01
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 22,924
Notes issued rate			6.125%	6.125%
Debt instrument maturity period			2023	2023
6.125% Senior Notes due 2023 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 327,076
Notes issued rate	6.125%
Debt instrument maturity period	2023
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 92,254
Notes issued rate			6.625%	6.625%
Debt instrument maturity period			2026	2026
6.625% Senior Notes due 2026 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 392,746
Notes issued rate	6.625%
Debt instrument maturity period	2026
Senior Secured First Lien Floating Rate Notes Due Two Thousand Twenty Five | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 156,669
Debt instrument maturity period	2025
10.00% PIK/Cash Senior Secured Second Lien Notes due 2026 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 84,687
Notes issued rate	10.00%
Debt instrument maturity period	2026
15.00% PIK/Cash Senior Secured First Lien Notes due 2025 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 110,000
Notes issued rate	15.00%
Debt instrument maturity period	2025
First Lien Party City Notes | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 5,000
First Lien Party City Notes - due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 161,669
First Lien Party City Notes - due 2025 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 161,669
Debt instrument maturity date	Jul. 15, 2025
First Lien Party City Notes - due 2025 [Member] | Refinancing Transactions [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	Interest on the First Lien Party City Notes accrues from the Settlement Date at a floating rate equal to the 6-month London Inter-Bank Offered Rate plus 500 basis points (with a floor of 75 basis points) per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2021.
Debt instrument, offered rate plus basis points | BasisPoint	500
Debt instrument, floor basis points | BasisPoint	75
Debt instrument, frequency of periodic payment	semi-annually
First Lien Anagram Notes - due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			115,804
Gain on restructuring of debt			273,149
Third-party fees incurred			18,902
Common stock issued in exchange			27,007
Cash received from participants in the exchange			39,544
Debt instrument, principal amount notes exchanged			44,500
Debt instrument undiscounted value including interest expense			82,160
Carrying amount of restructured debt			$ 32,328
Effective interest rate			3.50%
Principal balance of notes not participants in exchange			$ 50,500
Principal balance of notes after netting			45,678
First Lien Anagram Notes - due 2025 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 110,000
Debt instrument maturity date	Aug. 15, 2025
Debt instrument, description of variable rate basis	Interest on the First Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 10.00% per annum, payable in cash; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding First Lien Anagram Notes or issuing additional First Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021.
Debt instrument, frequency of periodic payment	semi-annually
Debt instrument, interest rate payable in cash	10.00%
Debt instrument, interest rate payable on incremental principal	5.00%
Second Lien Anagram Notes - due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount			$ 89,155
Second Lien Anagram Notes - due 2026 [Member] | Refinancing Transactions [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 84,687
Debt instrument maturity date	Aug. 15, 2026
Debt instrument, description of variable rate basis	Interest on the Second Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 5.00% per annum, payable, at the Anagram Issuers’ option, entirely in cash or entirely by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021
Debt instrument, frequency of periodic payment	semi-annually
Debt instrument, interest rate payable in cash	5.00%
Debt instrument, interest rate payable on incremental principal	5.00%

Long-Term Obligations - Finance

Long-Term Obligations - Finance Lease Obligations and Other - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Finance lease obligations	$ 12,988	$ 13,983
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent

Long-Term Obligations - Maturit

Long-Term Obligations - Maturities of Long- Term Obligations (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Long-Term Debt Obligations
2022	$ 0
2023	22,924
2024	0
2025	348,330
2026	986,873
Thereafter	0
Long-term obligations	1,358,127
Finance Lease Obligations
2022	1,373
2023	521
2024	401
2025	365
2026	407
Thereafter	9,921
Total finance lease obligations	12,988
Totals
2022	1,373
2023	23,445
2024	401
2025	348,695
2026	987,280
Thereafter	9,921
Total long-term obligations and finance lease obligations	$ 1,371,115

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Authorized capital stock	300,000,000
Common stock, par value	$ 0.01
Preferred stock, par value	$ 0.01
Authorized preferred stock	15,000,000
Number of acquired treasury shares	706,458	21,685	15,679
Value of acquired treasury shares	$ 5,351	$ 96	$ 156

Capital Stock - Summary Changes

Capital Stock - Summary Changes in Common Shares Outstanding (Detail) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Common Shares Outstanding, Beginning Balance	110,781,613	94,461,576	93,622,934
Issuance of restricted stock and restricted stock units		15,942,551	564,729
Treasury stock purchases	(706,458)	(21,685)	(15,679)
Issuance of shares to directors	353,911	81,843
Vesting of restricted stock and restricted stock units	1,670,995	203,328	74,292
Exercise of warrants	366,503
Cancellation of restricted stock awards	(986,420)
Exercise of stock options	690,800	114,000	215,300
Common Shares Outstanding, Ending Balance	112,170,944	110,781,613	94,461,576

Other (Income) Expense, net - S

Other (Income) Expense, net - Summary of Other Expense (Income), Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Income and Expenses [Abstract]
Undistributed loss (income) in equity method investments	$ (220)	$ 333	$ (472)
Foreign currency (gain) losses	(953)	(1,058)	421
Debt refinancings	0	0	36
Corporate development expenses	561	2,185	2,472
(Gain) on sale of Canada retail assets	0	0	(2,873)
Sale of ownership interest in Punchbowl	0	0	2,169
Loss on sale of assets	143	95	0
Other, net	(145)	2,160	118
Other (income) expense, net	$ (614)	$ 3,715	$ 1,871

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - Subsidiary Issuer [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, expenses recognized	$ 9,460	$ 8,615	$ 7,944
Minimum [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution of employees contribution	11.00%
Employer matching contribution of employees gross pay	5.00%
Maximum [Member]
Defined Contribution Plan Disclosure [Line Items]
Employer matching contribution of employees contribution	100.00%
Employer matching contribution of employees gross pay	6.00%

Equity Incentive Plans - Additi

Equity Incentive Plans - Additional Information (Detail) - USD ($)	Jul. 18, 2020	Jun. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Performance-based options vested		0
Intrinsic value of options exercised			$ 1,277,000	$ 332,000	$ 1,254,000
Fair value of options vested			410,000	254,000	2,118,000
Time Based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense			$ 396,000	$ 796,000	1,319,000
Options granted			0
Options vested granted percentage			20.00%
Unrecognized compensation cost			$ 387,000
Unrecognized compensation cost weighted-average recognition period			13 months
Options vesting description			The Company’s time-based options principally vest 20% on each anniversary date.
Performance Shares [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense			$ 7,847		$ 0	$ 0
Options outstanding		2,539,600
Options, Average grant date fair value		$ 3.09
Share based stock awards vesting period						3 years
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options vested granted percentage			0.00333%
Award expect to vest based on service condition			1,361,289	614,939	143,457	358,506
Number of share of stock issued for each award						1
Share based stock awards vesting period			3 years
Service Based Awards [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense			$ 2,557,000	$ 2,071,000	$ 2,033,000
Unrecognized compensation cost			8,095,000	1,491,000
Performance-based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost			$ 2,061,000
Unrecognized compensation cost weighted-average recognition period			2 years 9 months 18 days
Compensation expense			$ 3,773,000	$ 1,460,000
Options, Average grant date fair value			$ 1.02
Share based stock awards vesting period	3 years
Share-based Compensation, shares granted	6,448,276
Performance-based Restricted Stock Units [Member] | Vesting Period 1 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	$ 2.50
Performance-based Restricted Stock Units [Member] | Vesting Period 2 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	5
Performance-based Restricted Stock Units [Member] | Vesting Period 3 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	7.50
Performance-based Restricted Stock Units [Member] | Vesting Period 4 [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based Compensation weighted average of the fair market value per share of the common Stock	$ 10
2012 Omnibus Equity Incentive Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares reserved			15,316,000

Equity Incentive Plans - Fair V

Equity Incentive Plans - Fair Value of Options Granted (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Time Based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend rate		0.00%
Risk-free interest rate, minimum		0.20%
Risk-free interest rate, maximum		2.44%
Volatility, minimum		29.06%
Volatility, maximum		135.74%
Performance-based Restricted Stock Units [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend rate	0.00%
Risk-free interest rate, minimum	0.30%
Risk-free interest rate, maximum	0.32%
Volatility, minimum	106.31%
Volatility, maximum	140.02%
Weighted average grant date fair value	$ 1.02
Minimum [Member] | Time Based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected option term		1 year 9 months 18 days
Maximum [Member] | Time Based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected option term		5 years

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Changes in Outstanding Options (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options exercised	(690,800)	(114,000)	(215,300)
Performance Based Stock Options [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options outstanding beginning balance	3,291,175	6,318,717	6,927,174
Options granted	0	300,000	337,000
Options exercised	(690,800)	(114,000)	(215,300)
Options forfeited	(1,568,156)	(3,213,542)	(730,157)
Options outstanding ending balance	1,032,219	3,291,175	6,318,717	6,927,174
Options exercisable	862,719
Expected to vest (excluding performance-based options)	169,500
Average exercise price outstanding beginning balance	$ 7.63	$ 8.95	$ 9.39
Average exercise price granted	0	3.67	6.43
Average exercise price exercised	5.33	5.04	5.33
Average exercise price forfeited	15.12	5.99	13
Average exercise price outstanding ending balance	10.18	7.63	8.95	$ 9.39
Average exercise price expected to vest	10.42
Average exercise price expected to vest	$ 8.95
Options, Average grant date fair value		$ 5.04	$ 2.16
Aggregate intrinsic value outstanding beginning balance	$ 41,545	$ 41,784	$ 4,089
Aggregate intrinsic value outstanding ending balance	4,754	$ 41,545	$ 41,784	$ 4,089
Aggregate intrinsic value exercisable	(4,182)
Aggregate intrinsic value expected to vest	$ 572,315
Weighted average remaining contractual term outstanding	4 years 6 months	3 years 3 months 18 days	4 years 4 months 24 days	5 years 2 months 12 days
Weighted average remaining contractual term exercisable	4 years
Weighted average remaining contractual term expected to vest	7 years 2 months 12 days

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Income Tax [Line Items]
Cancellation of indebtedness income					$ 552,671
Cancellation of indebtedness income excluded from income ax					500,989
Reduction in tax due to discharge of indebtedness					217,532
Tax effect due to discharge of indebtedness					47,663
Reduction in tax with permanent differences					283,457
Tax effect with permanent differences					59,526
Net operating loss carryforwards					525
Foreign tax credit carryforwards					4,101
Other assets, net	$ 309,965				$ 306,374	$ 309,965
Deferred income tax liabilities	34,705					34,705
Net deferred income tax assets included in assets held for sale	2,628					$ 2,628
State tax credit carryforwards expiration year					2022
Federal statutory rate					21.00%	21.00%	21.00%	35.00%
Effective rate benefit						2.90%
Income tax reconciliation cancellation of debt						$ 59,526
Debt exchange – cancellation of debt					0.00%	8.70%
Goodwill, Impairment Loss	0	$ 401,436	$ 556,056	$ 556,056
Goodwill Impairment Charge Tax Benefit Not Recognised						$ 336,238	$ 455,689
Goodwill impairment impact on income tax rate					0.00%	10.30%	17.90%
Transition tax	4,205					$ 4,205
Unrecognized tax benefits that would impact effective tax rate	13,890				$ 11,568	13,890
Accrued interest and penalties	949				$ 450	949
Minimum [Member]
Income Tax [Line Items]
Deferred tax assets operating loss carryforwards state and local expiration					15 years
Federal statutory rate					5.00%
Maximum [Member]
Income Tax [Line Items]
Deferred tax assets operating loss carryforwards state and local expiration					20 years
Tax adjustments					$ (1,000)
Mexico
Income Tax [Line Items]
Net operating loss carryforwards					2,586
Other Assets, Net [Member]
Income Tax [Line Items]
Other assets, net	$ 283					$ 283
Other Liabilities, Net [Member]
Income Tax [Line Items]
Deferred income tax liabilities					$ 29,195

Income Taxes - Summary of Domes

Income Taxes - Summary of Domestic and Foreign Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Domestic	$ 193	$ (542,046)	$ (572,287)
Foreign	(1,067)	(143,064)	38,124
Total	$ (874)	$ (685,110)	$ (534,163)

Income Taxes - Summary of Incom

Income Taxes - Summary of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
Federal	$ 9,491	$ (61,528)	$ 28,908
State	911	(1,639)	4,613
Foreign	461	1,599	12,540
Total current expense	10,863	(61,568)	46,061
Deferred:
Federal	(6,707)	(70,440)	(37,166)
State	1,356	(19,252)	(11,207)
Foreign	196	(5,393)	1,007
Total deferred (benefit) expense	(5,155)	(95,085)	(47,366)
Income tax (benefit) expense	$ 5,708	$ (156,653)	$ (1,305)

Income Taxes - Summary of Defer

Income Taxes - Summary of Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred income tax assets:
Inventory reserves and capitalization	$ 20,007	$ 9,199
Allowance for doubtful accounts	1,884	2,020
Accrued liabilities	9,624	16,798
Equity based compensation	4,316	4,437
State tax loss carryforwards	8,433	9,610
Foreign tax loss carryforwards	2,586	2,839
Debt Exchange basis difference	47,853	58,270
Section 163(j) Interest Limitation	18,126
Lease Liabilities	198,332	199,585
Outside basis differences in foreign subsidiaries (APB 23)	1,113	12,800
Capitalized refinancing and other costs	4,692	4,216
Other	2,016	3,922
Deferred income tax assets before valuation allowances	318,982	323,696
Less: valuation allowances	(12,608)	(13,731)
Deferred income tax assets, net	306,374	309,965
Deferred income tax liabilities:
Depreciation	42,548	45,984
Trade Name	99,039	98,817
Amortization of goodwill and other assets	13,065	11,654
Loss Recapture and other differences	0	10,962
Foreign earnings expected to be repatriated	969	1,072
Lease Right of Use Assets	175,942	166,617
Other	4,006	9,281
Deferred income tax liabilities	$ 335,569	$ 344,387

Income Taxes - Summary of Diffe

Income Taxes - Summary of Difference Between the Effective Income Tax Rate and the U.S. Statutory Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Tax provision at U.S. statutory income tax rate	21.00%	21.00%	21.00%	35.00%
State income tax, net of federal income tax	(205.00%)	2.40%	1.00%
Valuation allowances	23.10%	(2.70%)	(0.40%)
GILTI and Foreign-Derived Intangible Income	83.80%	0.00%	(0.60%)
Foreign earnings	(37.50%)	1.30%	(1.50%)
U.S. — foreign rate differential	(35.30%)	0.40%	(0.60%)
CARES Act: 5-year NOL carryback	0.00%	2.90%
Debt exchange – cancellation of debt	0.00%	8.70%
Goodwill Impairment	(0.00%)	(10.30%)	(17.90%)
Uncertain tax positions	(560.20%)	(1.40%)	(0.70%)
Other	57.00%	0.60%	(0.10%)
Effective income tax rate	(653.10%)	22.90%	0.20%

Income Taxes - Summary of Activ

Income Taxes - Summary of Activity of Company's Gross Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 13,890	$ 4,891	$ 1,320
Increases related to current period tax positions	3,759	8,186	652
Increases related to prior period tax positions	3,885	1,061	3,030
Decreases related to settlements	(6,245)	0
Decreases related to lapsing of statutes of limitations	(268)	(248)	(111)
Balance at end of year	$ 15,021	$ 13,890	$ 4,891

Commitments, Contingencies an_3

Commitments, Contingencies and Related Party Transactions - Summary of Future Minimum Product Royalties (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 14,937
2023	8,114
2024	1,600
Thereafter	0
Total Future Minimum Royalty Payments	$ 24,651

Commitments, Contingencies an_4

Commitments, Contingencies and Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Product royalty expense	$ 33,136	$ 33,331	$ 48,170
Finished goods purchased	59,500
Purchases reflected in finished goods inventory	30,400
Finished goods inventory	$ 18,300

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)Segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Segment Reporting [Abstract]
Number of business segments | Segment	2
Export sales | $	$ 55,756	$ 19,847	$ 22,728

Segment Information - Schedule

Segment Information - Schedule of Company's Industry Segment Data (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Net revenues	$ 2,171,060	$ 1,850,690	$ 2,348,789
Total revenues	2,171,060	1,850,690	2,348,789
Income (loss) from operations	84,632	(877,501)	(417,393)
Interest expense, net	87,226	77,043	114,899
Other (income) expense, net	(614)	3,715	1,871
Gain on debt refinancing	(1,106)	(273,149)	0
Loss before income taxes	(874)	(685,110)	(534,163)
Depreciation and amortization	65,610	76,506	81,116
Capital expenditures	(79,222)	(51,128)	(61,733)
Total assets	2,711,900	2,806,455	3,595,319
Eliminations [Member]
Revenues:
Net revenues	(589,562)	(471,863)	(642,652)
Net Sales [Member] | Operating Segments [Member]
Revenues:
Net revenues	2,760,622	2,322,553	2,991,441
Wholesale [Member]
Revenues:
Net revenues	401,074	468,365	597,374
Income (loss) from operations	(28,492)	(303,663)	4,152
Depreciation and amortization	21,778	25,813	27,845
Capital expenditures	(22,572)	(22,206)	(29,480)
Total assets	1,355,010	1,123,322	1,912,522
Wholesale [Member] | Eliminations [Member]
Revenues:
Net revenues	(589,562)	(471,863)	(642,652)
Wholesale [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Net revenues	990,636	940,228	1,240,026
Retail Segment [Member]
Revenues:
Net revenues	1,769,986	1,382,325	1,751,415
Income (loss) from operations	113,124	(573,838)	(421,545)
Depreciation and amortization	43,832	50,693	53,271
Capital expenditures	(56,650)	(28,922)	(32,253)
Total assets	1,356,890	1,683,133	1,682,797
Retail Segment [Member] | Net Sales [Member]
Revenues:
Net revenues	1,769,987	1,382,325	1,751,415
Retail Segment [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Net revenues	$ 1,769,986	$ 1,382,325	$ 1,751,415

Segment Information - Schedul_2

Segment Information - Schedule of Company's Geographic Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues:
Net sales to unaffiliated customers	$ 2,171,060	$ 1,850,690	$ 2,348,789
Revenues		1,850,690
Total revenues	2,171,060	1,850,690	2,348,789
Income (loss) from operations	84,632	(877,501)	(417,393)
Interest expense, net	87,226	77,043	114,899
Other expense, net	1,720	269,434
Other (income) expense, net	(614)	3,715	1,871
Income before income taxes	(874)	(685,110)	(534,163)
Depreciation and amortization	65,610	76,506	81,116
Total long-lived assets (excluding goodwill, trade names and other intangible assets, net)	247,821	128,631	250,848
Total assets	2,711,900	2,806,455	3,595,319
Reportable Geographical Components [Member]
Revenues:
Net sales to unaffiliated customers	75,211
Reportable Geographical Components [Member] | Domestic [Member]
Revenues:
Net sales to unaffiliated customers	2,095,849	1,581,294	1,977,598
Net sales between geographic areas	17,798	167,945	57,117
Revenues		1,749,239
Total revenues	2,113,647		2,034,715
Income (loss) from operations	86,095	(644,338)	(412,225)
Depreciation and amortization	63,755	70,586	72,701
Total long-lived assets (excluding goodwill, trade names and other intangible assets, net)	242,396	103,885	224,692
Total assets	2,657,333	2,518,490	3,317,305
Reportable Geographical Components [Member] | Foreign [Member]
Revenues:
Net sales to unaffiliated customers		269,396	371,191
Net sales between geographic areas	10,067	113,828	86,811
Revenues		383,224
Total revenues	85,278		458,002
Income (loss) from operations	(1,463)	14,189	(5,168)
Depreciation and amortization	1,855	5,920	8,415
Total long-lived assets (excluding goodwill, trade names and other intangible assets, net)	5,425	24,746	26,156
Total assets	54,567	287,965	278,014
Eliminations [Member]
Revenues:
Net sales between geographic areas	(27,865)	(281,773)	(143,928)
Revenues		(281,773)
Total revenues	(27,865)		$ (143,928)
Income (loss) from operations	$ 0	$ (247,352)

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 181,637	$ 189,924
Variable lease cost	27,100	27,443
Operating lease liabilities	223,905	140,699
Right of use assets in exchange for operating lease liabilities	$ 101,742	$ 70,460
Weighted average remaining lease term	5 years	6 years
Weighted average discount rate	8.60%	8.60%
Future payment obligations	$ 1,069,027
Operating Lease Not Yet Commenced Contract One [Member]
Lessee, Lease, Description [Line Items]
Future payment obligations	$ 110,000

Leases - Future Cash flows for

Leases - Future Cash flows for the Company's operating leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
2022	$ 190,126
2023	175,276
2024	150,537
2025	135,788
2026	104,138
Thereafter	313,162
Total undiscounted cash flows	1,069,027
Less: Interest	(296,715)
Total operating lease liability	772,312
Less: Current portion of operating lease liability	(116,437)	$ (176,045)
Long-term portion of operating lease liability	$ 655,875	$ 654,729

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	1 Months Ended
	Nov. 30, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2017
Debt Instrument [Line Items]
Derivatives asset and liabilities outstanding		$ 0	$ 0
Option on Securities [Member]
Debt Instrument [Line Items]
Derivative assets wrote off cost	$ 2,169
Punchbowl Inc [Member]
Debt Instrument [Line Items]
Equity method investment, ownership percentage				28.00%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 1,371,115
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	0
8.75% Senior Secured First Lien Notes - due 2026 [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	750,000
Debt Instrument Fair Value	772,500
6.125% Senior Notes - due 2023 [Member] | Senior Secured First Lien Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	22,924
Debt Instrument Fair Value	20,536
6.625% Senior Notes - due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	92,254
Debt Instrument Fair Value	79,048
First Lien Party City Notes - due 2025 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	198,004
Debt Instrument Fair Value	185,411
First Lien Anagram Notes - due 2025 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	150,326
Debt Instrument Fair Value	167,804
Second Lien Anagram Notes - due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	144,619
Debt Instrument Fair Value	$ 150,653

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional amounts		$ 3,850,000	$ 300,000
Foreign Exchange Risk Management [Member]
Derivative [Line Items]
Hedging effectiveness	100.00%
Foreign Exchange Risk Management [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Notional amounts	$ 0
Foreign Exchange Risk Management [Member] | Maximum [Member]
Derivative [Line Items]
Foreign exchange forward contracts maturity	1 year

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Foreign Exchange Contracts [Member] | Accrued Expenses [Member]
Derivatives Fair Value [Line Items]
Derivative Liabilities	$ 303

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Foreign Exchange Contracts [Member]
Derivatives Fair Value [Line Items]
Notional amounts	$ 3,850,000	$ 300,000

Changes in Accumulated Other _3

Changes in Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated and Other Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 50,790
Ending balance	82,714	$ 50,790
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(31,264)	(37,434)	$ (50,056)
Other comprehensive income (loss) before reclassifications, net of income tax	(1,784)	6,170	5,725
Release of cumulative foreign currency translation adjustment to net income (loss) as a result of disposition of international operations	36,589
Amounts reclassified from accumulated other comprehensive loss(income) to the consolidated statement of operations and comprehensive income, net of income tax			6,897
Net current-period other comprehensive income (loss)	34,805	6,170	12,622
Ending balance	3,541	(31,264)	(37,434)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,348	1,700	855
Other comprehensive income (loss) before reclassifications, net of income tax	77	(495)	106
Release of cumulative foreign currency translation adjustment to net income (loss) as a result of disposition of international operations	(1,422)
Amounts reclassified from accumulated other comprehensive loss(income) to the consolidated statement of operations and comprehensive income, net of income tax	(3)	143	739
Net current-period other comprehensive income (loss)	(1,348)	(352)	845
Ending balance		1,348	1,700
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(29,916)	(35,734)	(49,201)
Other comprehensive income (loss) before reclassifications, net of income tax	(1,707)	5,675	5,831
Release of cumulative foreign currency translation adjustment to net income (loss) as a result of disposition of international operations	35,167
Amounts reclassified from accumulated other comprehensive loss(income) to the consolidated statement of operations and comprehensive income, net of income tax	(3)	143	7,636
Net current-period other comprehensive income (loss)	33,457	5,818	13,467
Ending balance	$ 3,541	$ (29,916)	$ (35,734)

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Allowance for credit losses	$ 8,057	$ 7,232
Increase (decrease) in retained earnings	(571,985)	(565,457)
Increase (decrease) in accounts receivables	93,301	90,879
Increase (decrease) in inventory	443,295	412,285
Increase (decrease) in accrued expense	195,531	160,605
Increase (decrease) in deferred tax asset	306,374	309,965
Increase (decrease) in income tax payable	10,801	524
Increase (decrease) in pre-tax income	$ (874)	$ (685,110)	$ (534,163)
Short-term Contract with Customer [Member]
Disaggregation of Revenue [Line Items]
Contract with an original expected duration	one year or less
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue, information used to allocate transaction price	the determination of the transaction price is fixed based on the contract and/or purchase order.
Minimum [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Royalty fee percentage	4.00%
Minimum [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Receivables collection period	30 days
Maximum [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Royalty fee percentage	6.00%
Maximum [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Receivables collection period	120 days

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 2,171,060	$ 1,850,690	$ 2,348,789
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,769,986	1,382,325	1,751,415
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	401,073	468,365	597,374
Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,734,261	1,374,680	1,700,812
Temporary Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	35,726	7,645	50,603
Net Sales [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	1,769,987	1,382,325	1,751,415
Domestic | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	263,661	238,936	310,042
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 137,412	$ 229,429	$ 287,332

Kazzam, LLC - Additional Inform

Kazzam, LLC - Additional Information (Detail) - Kazzam LLC [Member] - shares	Mar. 23, 2020	Dec. 31, 2019
Schedule Of Equity Method Investments [Line Items]
Equity method investment, ownership percentage		26.00%
Number of years for royalty on net service revenue	3 years
Maximum [Member]
Schedule Of Equity Method Investments [Line Items]
Warrant to purchase common stock	1,000,000

Schedule I - Condensed Financ_2

Schedule I - Condensed Financial Information of Registrant - Condensed Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Other assets (principally investment in and amounts due from wholly- owned subsidiaries)	$ 25,952	$ 9,883
Total assets	2,711,900	2,806,455	$ 3,595,319
LIABILITIES, REDEEMABLE SECURITIES AND STOCKHOLDERS’ EQUITY
Total liabilities	2,629,186	2,755,934
Redeemable securities		0
Stockholders’ equity:
Common stock (112,170,944 and 110,781,613 shares outstanding and 124,157,500 and 121,662,540 shares issued at December 31, 2021 and December 31, 2020, respectively)	1,384	1,373
Additional paid-in capital	982,307	971,972
Retained (deficit) earnings	(571,985)	(565,457)
Accumulated other comprehensive income (loss)	3,541	(29,916)
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury	415,247	377,972
Less: Common stock held in treasury, at cost (11,986,556 and 11,280,098 shares at December 31, 2021 and December 31, 2020, respectively)	(332,533)	(327,182)
Total Party City Holdco Inc. stockholders’ equity	82,714	50,790
Total liabilities, redeemable securities and stockholders’ equity		2,806,455
Party City Holdco Inc. [Member]
ASSETS
Other assets (principally investment in and amounts due from wholly- owned subsidiaries)	82,714	50,790
Total assets	82,714	50,790
LIABILITIES, REDEEMABLE SECURITIES AND STOCKHOLDERS’ EQUITY
Total liabilities	0	0
Redeemable securities		0
Stockholders’ equity:
Common stock (112,170,944 and 110,781,613 shares outstanding and 124,157,500 and 121,662,540 shares issued at December 31, 2021 and December 31, 2020, respectively)	1,384	1,373
Additional paid-in capital	982,307	971,972
Retained (deficit) earnings	(571,985)	(565,457)
Accumulated other comprehensive income (loss)	(3,541)	(29,916)
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury	415,247	377,972
Less: Common stock held in treasury, at cost (11,986,556 and 11,280,098 shares at December 31, 2021 and December 31, 2020, respectively)	(332,533)	(327,182)
Total Party City Holdco Inc. stockholders’ equity	$ 82,714	50,790
Total liabilities, redeemable securities and stockholders’ equity		$ 50,790

Schedule I - Condensed Financ_3

Schedule I - Condensed Financial Information of Registrant - Condensed Balance Sheets (Parenthetical) (Detail) - shares	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Common stock, shares issued	124,157,500	121,662,540
Common stock, shares outstanding	112,170,944	110,781,613	94,461,576	93,622,934
Common stock held in treasury, shares at cost	11,986,556	11,280,098
Party City Holdco Inc. [Member]
Condensed Financial Statements, Captions [Line Items]
Common stock, shares issued	124,157,500	121,662,540
Common stock, shares outstanding	112,170,944	110,781,613
Common stock held in treasury, shares at cost	11,986,556	11,280,098

Schedule I - Condensed Financ_4

Schedule I - Condensed Financial Information of Registrant - Condensed Statements of Operations and Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Condensed Income Statements Captions [Line Items]
Net (loss) income	$ (6,582)	$ (528,457)	$ (532,858)
Net (loss) income attributable to common shareholders of Party City Holdco Inc	(6,528)	(528,238)	(532,495)
Other comprehensive (loss) income, net	33,780	5,791	13,444
Comprehensive income	27,198	(522,666)	(519,414)
Comprehensive income (loss) attributable to common shareholders of Party City Holdco Inc.	26,929	(522,420)	(519,028)
Party City Holdco Inc. [Member]
Condensed Income Statements Captions [Line Items]
Equity in net income of subsidiaries	(6,528)	(528,238)	(532,495)
Net (loss) income	(6,528)	(528,238)	(532,495)
Add: Net income attributable to redeemable securities holder	0	0	0
Net (loss) income attributable to common shareholders of Party City Holdco Inc	(6,528)	(528,238)	(532,495)
Other comprehensive (loss) income, net	33,457	5,818	13,467
Comprehensive income	26,929	(522,420)	(519,028)
Comprehensive income attributable to redeemable securities holder	0	0	0
Comprehensive income (loss) attributable to common shareholders of Party City Holdco Inc.	$ 26,929	$ (522,420)	$ (519,028)

Schedule I - Condensed Financ_5

Schedule I - Condensed Financial Information of Registrant - Condensed Statements of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows provided by (used in) operating activities:
Net (loss) income	$ (6,582)	$ (528,457)	$ (532,858)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Change in due to/from affiliates	85,306	28,002	(65,617)
Net cash provided by operating activities	51,935	77,200	43,693
Cash flows (used in) provided by financing activities:
Treasury stock purchases	(5,351)	(96)	(156)
Exercise of stock options	3,680	147	1,148
Net cash (used in) provided by financing activities	(89,125)	93,704	(237,710)
Cash and cash equivalents at beginning of period	119,532
Cash and cash equivalents at end of period	47,914	119,532
Party City Holdco Inc. [Member]
Cash flows provided by (used in) operating activities:
Net (loss) income	(6,528)	(528,238)	(532,495)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Equity in net income of subsidiaries	(6,528)	(528,238)	(532,495)
Change in due to/from affiliates	1,678	(49)	(989)
Net cash provided by operating activities	1,678	(49)	(989)
Cash flows (used in) provided by financing activities:
Treasury stock purchases	(5,351)	(96)	(156)
Exercise of stock options	3,673	145	1,145
Net cash (used in) provided by financing activities	(1,678)	49	989
Net change in cash and cash equivalents	$ 0	$ 0	$ 0

Dividends from Subsidiaries - A

Dividends from Subsidiaries - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Party City Holdco Inc. [Member]
Dividends [Line Items]
Dividends received	$ 0	$ 0	$ 0

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance for Doubtful Accounts [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	$ 7,232	$ 4,786	$ 2,933
Write-Offs	1,744	3,875	470
Additions	2,569	6,321	2,323
Ending Balance	8,057	7,232	4,786
Sales Returns and Allowances [Member]
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]
Beginning Balance	676	676	741
Write-Offs	72,151	61,935	83,474
Additions	72,091	61,935	83,409
Ending Balance	$ 616	$ 676	$ 676