Party City Holdco (PRTYQ) 10-Q 9 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	PRTY
Entity Registrant Name	Party City Holdco Inc.
Entity Central Index Key	1,592,058
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		119,329,354

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 42,024	$ 42,919
Accounts receivable, net	113,919	132,287
Inventories, net	624,934	564,259
Prepaid expenses and other current assets	60,387	50,450
Total current assets	841,264	789,915
Property, plant and equipment, net	277,749	272,420
Goodwill	1,580,181	1,562,515
Trade names	567,503	568,712
Other intangible assets, net	80,990	89,157
Other assets, net	5,685	9,684
Total assets	3,353,372	3,292,403
Current liabilities:
Loans and notes payable	138,911	126,136
Accounts payable	149,423	111,616
Accrued expenses	137,895	146,319
Income taxes payable	9,547	8,504
Current portion of long-term obligations	14,438	14,552
Total current liabilities	450,214	407,127
Long-term obligations, excluding current portion	1,641,262	1,646,121
Deferred income tax liabilities	276,033	276,667
Deferred rent and other long-term liabilities	54,310	49,471
Total liabilities	2,421,819	2,379,386
Commitments and contingencies
Stockholders' equity:
Common stock (119,329,354 and 119,258,374 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively)	1,193	1,193
Additional paid-in capital	906,634	904,425
Retained earnings	62,310	40,189
Accumulated other comprehensive loss	(38,584)	(32,790)
Total stockholders' equity	931,553	913,017
Total liabilities and stockholders' equity	$ 3,353,372	$ 3,292,403

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Common stock, shares issued	119,329,354	119,258,374
Common stock, shares outstanding	119,329,354	119,258,374

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Net sales	$ 515,426	$ 491,206	$ 969,712	$ 949,401
Royalties and franchise fees	3,987	4,314	7,441	8,224
Total revenues	519,413	495,520	977,153	957,625
Expenses:
Cost of sales	307,865	302,863	595,632	597,137
Wholesale selling expenses	15,273	16,235	31,115	33,360
Retail operating expenses	90,615	85,229	177,324	165,543
Franchise expenses	3,574	3,530	7,137	6,989
General and administrative expenses	37,930	36,417	76,856	74,069
Art and development costs	5,676	5,179	11,053	10,456
Total expenses	460,933	449,453	899,117	887,554
Income from operations	58,480	46,067	78,036	70,071
Interest expense, net	22,781	33,397	45,433	71,876
Other (income) expense, net	(224)	48,810	(3,202)	47,389
Income (loss) before income taxes	35,923	(36,140)	35,805	(49,194)
Income tax expense (benefit)	13,408	(13,090)	13,684	(17,619)
Net income (loss)	22,515	(23,050)	22,121	(31,575)
Comprehensive income (loss)	$ 14,788	$ (16,331)	$ 16,327	$ (37,183)
Net income (loss) per common share-Basic	$ 0.19	$ (0.20)	$ 0.19	$ (0.30)
Net income (loss) per common share-Diluted	$ 0.19	$ (0.20)	$ 0.18	$ (0.30)
Weighted-average number of common shares-Basic	119,323,104	115,060,066	119,307,539	104,578,295
Weighted-average number of common shares-Diluted	120,323,581	115,060,066	120,232,590	104,578,295
Dividends declared per share	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]
Balance at Dec. 31, 2015	$ 913,017	$ 1,193	$ 904,425	$ 40,189	$ (32,790)
Balance, Shares at Dec. 31, 2015	119,258,374	119,258,374
Net income	$ 22,121			22,121
Equity based compensation	1,881		1,881
Impact of foreign exchange contracts, net of taxes	305				305
Exercise of stock options	378		378
Exercise of stock options,Shares		70,980
Foreign currency adjustments	(6,099)				(6,099)
Other	(50)		(50)
Balance at Jun. 30, 2016	$ 931,553	$ 1,193	$ 906,634	$ 62,310	$ (38,584)
Balance, Shares at Jun. 30, 2016	119,329,354	119,329,354

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows provided by (used in) operating activities:
Net income (loss)	$ 22,121	$ (31,575)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	41,171	39,801
Amortization of deferred financing costs and original issuance discounts	2,544	14,451
Provision for doubtful accounts	290	24
Deferred income tax benefit	(480)	(2,660)
Deferred rent	5,145	4,101
Undistributed loss in unconsolidated joint venture	267	35
Loss (gain) on sale of assets	17	(2,589)
Equity based compensation	1,881	1,124
Changes in operating assets and liabilities, net of effects of acquired businesses:
Decrease in accounts receivable	18,726	25,088
Increase in inventories	(48,442)	(44,090)
Increase in prepaid expenses and other current assets	(6,522)	(5,601)
Increase (decrease) in accounts payable, accrued expenses and income taxes payable	25,750	(57,951)
Net cash provided by (used in) operating activities	62,468	(59,842)
Cash flows used in investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(31,820)	(8,258)
Capital expenditures	(35,734)	(31,889)
Proceeds from disposal of property and equipment	9	601
Net cash used in investing activities	(67,545)	(39,546)
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(70,858)	(431,263)
Proceeds from loans, notes payable and long-term obligations	75,285	133,100
Cash held in escrow in connection with acquisitions	0	(3,832)
Issuance of common stock	0	397,255
Excess tax benefit from stock options	67	0
Exercise of stock options	378	0
Debt issuance costs	(44)	0
Net cash provided by financing activities	4,828	95,260
Effect of exchange rate changes on cash and cash equivalents	(646)	(275)
Net decrease in cash and cash equivalents	(895)	(4,403)
Cash and cash equivalents at beginning of period	42,919	47,214
Cash and cash equivalents at end of period	42,024	42,811
Cash paid during the period
Interest	42,867	77,753
Income taxes, net of refunds	$ 13,066	$ 33,759

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Note 1 – Description of Business Party City Holdco Inc. (the “Company” or “Party City Holdco”) is a vertically integrated supplier of decorated party goods. The Company designs, manufactures, sources and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. The Company’s retail operations include over 900 specialty retail party supply stores (including approximately 180 franchise stores) in the United States and Canada operating under the names Party City and Halloween City, and e-commerce websites, principally through the domain name PartyCity.com. Party City Holdco franchises both individual stores and franchise areas throughout the United States, Mexico and Puerto Rico, principally under the name Party City. 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 the Company’s operating subsidiaries. During January 2016, the Company acquired 19 franchise stores located in Arizona and New Mexico in one transaction for total consideration of approximately $26,500. Additionally, during March 2016, the Company acquired Festival S.A. (“Festival”), a manufacturer of costumes and accessories, for approximately $5,000.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Recently Issued Accounting Pronouncements	Note 2 – Basis of Presentation and Recently Issued Accounting Pronouncements The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its majority-owned and controlled entities. All significant intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included in the unaudited condensed consolidated financial statements. The majority of our 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 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. The condensed consolidated financial statements of the Company combine the Fiscal Quarters of our retail operations with the calendar quarters of our wholesale operations. The Company has determined the differences between the retail operation’s Fiscal Year and Fiscal Quarters and the calendar year and calendar quarters to be insignificant. Operating results for interim periods are not necessarily indicative of the results to be expected for the year ending December 31, 2016. Our business is subject to substantial seasonal variations as our retail segment has realized a significant portion of its net sales, cash flows and net income in the fourth quarter of each year, principally due to its Halloween season sales in October and, to a lesser extent, other year-end holiday sales. We expect that this general pattern will continue. Our results of operations may also be affected by industry factors that may be specific to a particular period such as movement in and the general level of raw material costs. For further information see the consolidated financial statements, and notes thereto, included in the Company’s Form 10-K for the fiscal year ended December 31, 2015, as filed with the Securities and Exchange Commission on March 11, 2016. Recently Issued Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. The pronouncement simplifies several aspects of the accounting for share-based payment transactions. The update is effective for the Company during the first quarter of 2017. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. The ASU requires that companies recognize on their balance sheets assets and liabilities for the rights and obligations created by the companies’ leases. The update is effective for the Company during the first quarter of 2019. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The update impacts the accounting for equity investments and the recognition of changes in fair value of financial liabilities when the fair value option is elected. The pronouncement will be effective for the Company during the first quarter of 2018. Although the Company continues to evaluate this pronouncement, it does not believe that it will have a material impact on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments”. The update requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have a material impact on the Company’s consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory”. The update changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. The pronouncement will be effective for the Company during the first quarter of 2017. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, “Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement”. The update amended the guidance on internal use software to clarify how customers in cloud computing arrangements should determine whether the arrangements include software licenses. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have a material impact on the Company’s consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, “Compensation – Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The update clarifies that a performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have any impact on the Company’s consolidated financial statements. 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 update is effective for the Company during the first quarter of 2018; however, early adoption is permitted. The pronouncement can be applied retrospectively to prior reporting periods or through a cumulative-effect adjustment as of the date of adoption. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements and its method of adoption.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventories consisted of the following: June 30, 2016 December 31, 2015 Finished goods $ 587,988 $ 532,606 Raw materials 26,630 21,278 Work in process 10,316 10,375 $ 624,934 $ 564,259 Inventories are valued at the lower of cost or market. The Company estimates retail inventory shortage for the periods 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.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 4 – Income Taxes The income tax expense for the six months ended June 30, 2016 was determined based upon the Company’s estimated consolidated effective income tax rate for the year ending December 31, 2016. The difference between the estimated consolidated effective income tax rate for the year ending December 31, 2016 and the U.S. federal statutory rate is primarily attributable to unrecognized foreign tax credits and state income taxes, partially offset by a foreign rate differential and available domestic manufacturing deductions.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	Note 5 – Changes in Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2016 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2016 $ (30,751 ) $ (106 ) $ (30,857 ) Other comprehensive (loss) income before reclassifications, net (8,749 ) 1,167 (7,582 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net 0 (145 ) (145 ) Net current-period other comprehensive (loss) income, net (8,749 ) 1,022 (7,727 ) Balance at June 30, 2016 $ (39,500 ) $ 916 $ (38,584 ) Three Months Ended June 30, 2015 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2015 $ (26,328 ) $ 1,266 $ (25,062 ) Other comprehensive income (loss) before reclassifications, net 7,739 (933 ) 6,806 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net 0 (87 ) (87 ) Net current-period other comprehensive income (loss), net 7,739 (1,020 ) 6,719 Balance at June 30, 2015 $ (18,589 ) $ 246 $ (18,343 ) Six Months Ended June 30, 2016 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2015 $ (33,401 ) $ 611 $ (32,790 ) Other comprehensive (loss) income before reclassifications, net (6,099 ) 653 (5,446 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net 0 (348 ) (348 ) Net current-period other comprehensive (loss) income, net (6,099 ) 305 (5,794 ) Balance at June 30, 2016 $ (39,500 ) $ 916 $ (38,584 ) Six Months Ended June 30, 2015 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2014 $ (12,969 ) $ 234 $ (12,735 ) Other comprehensive (loss) income before reclassifications, net (5,620 ) 265 (5,355 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net 0 (253 ) (253 ) Net current-period other comprehensive (loss) income, net (5,620 ) 12 (5,608 ) Balance at June 30, 2015 $ (18,589 ) $ 246 $ (18,343 )

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Capital Stock	Note 6 – Capital Stock At June 30, 2016, the Company’s authorized capital stock consisted of 300,000,000 shares of $0.01 par value common stock.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	Note 7 – 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, gifts and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States and Canada, principally under the names Party City and Halloween City, and it operates e-commerce websites, principally through the domain name Partycity.com. The Retail segment also franchises both individual stores and franchise areas throughout the United States, Mexico and Puerto Rico, principally under the name Party City. The Company’s industry segment data for the three months ended June 30, 2016 and June 30, 2015 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2016 Revenues: Net sales $ 268,863 $ 376,099 $ 644,962 Royalties and franchise fees 0 3,987 3,987 Total revenues 268,863 380,086 648,949 Eliminations (129,536 ) 0 (129,536 ) Net revenues $ 139,327 $ 380,086 $ 519,413 Income from operations $ 16,630 $ 41,850 $ 58,480 Interest expense, net 22,781 Other income, net (224 ) Income before income taxes $ 35,923 Wholesale Retail Consolidated Three Months Ended June 30, 2015 Revenues: Net sales $ 254,554 $ 350,459 $ 605,013 Royalties and franchise fees 0 4,314 4,314 Total revenues 254,554 354,773 609,327 Eliminations (113,807 ) 0 (113,807 ) Net revenues $ 140,747 $ 354,773 $ 495,520 Income from operations $ 11,353 $ 34,714 $ 46,067 Interest expense, net 33,397 Other expense, net 48,810 Loss before income taxes $ (36,140 ) The Company’s industry segment data for the six months ended June 30, 2016 and June 30, 2015 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2016 Revenues: Net sales $ 528,684 $ 695,655 $ 1,224,339 Royalties and franchise fees 0 7,441 7,441 Total revenues 528,684 703,096 1,231,780 Eliminations (254,627 ) 0 (254,627 ) Net revenues $ 274,057 $ 703,096 $ 977,153 Income from operations $ 30,137 $ 47,899 $ 78,036 Interest expense, net 45,433 Other income, net (3,202 ) Income before income taxes $ 35,805 Wholesale Retail Consolidated Six Months Ended June 30, 2015 Revenues: Net sales $ 505,270 $ 663,731 $ 1,169,001 Royalties and franchise fees 0 8,224 8,224 Total revenues 505,270 671,955 1,177,225 Eliminations (219,600 ) 0 (219,600 ) Net revenues $ 285,670 $ 671,955 $ 957,625 Income from operations $ 24,022 $ 46,049 $ 70,071 Interest expense, net 71,876 Other expense, net 47,389 Loss before income taxes $ (49,194 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8 – Commitments and Contingencies The Company is a party to certain claims and litigation in the ordinary course of business. The Company does not believe these proceedings will result, individually or in the aggregate, in a material adverse effect on its financial condition or future results of operations. On November 18, 2015, a putative class action complaint was filed in the U.S. District Court for the Southern District of New York, naming Party City Holdco Inc. and certain executives as defendants. An Amended Complaint was filed on April 25, 2016, which named additional defendants. The Amended Complaint alleges violations of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 in connection with public filings related to the Company’s April 2015 initial public offering (“IPO”). The plaintiff seeks to represent a class of shareholders who purchased stock in the initial public offering or who can trace their shares to that offering. The complaint seeks unspecified damages and costs. The Company intends to vigorously defend itself against this action. The Company is unable, at this time, to determine whether the outcome of the litigation would have a material impact on its results of operations, financial condition or cash flows. On April 5, 2016, a derivative complaint was filed in the Supreme Court for the State of New York, naming certain directors and executives as defendants, and naming the Company as a nominal defendant. The complaint seeks unspecified damages and costs, and corporate governance reforms, for alleged injury to the Company in connection with public filings related to the Company’s April 2015 IPO, compensation paid to executives, and the termination of the management agreement disclosed in the IPO-related public filings. On June 15, 2016, by agreement of the parties, the court entered a temporary stay of the proceedings pending (among other things) resolution of the motion to dismiss in connection with the November 18, 2015 filed class action. The Company intends to vigorously defend itself against this action. The Company is unable, at this time, to determine whether the outcome of the litigation would have a material impact on its results of operations, financial condition or cash flows.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 9 – 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 risk managed through the use of derivative financial instruments is 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 and the Australian Dollar, 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 condensed consolidated balance sheets at fair value. The fair value of the foreign currency exchange contracts is the estimated amount that the counterparties would receive or pay to terminate the foreign currency exchange contracts at the reporting date, taking into account current foreign exchange spot rates. At June 30, 2016 and December 31, 2015, the Company had certain 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 were 100% effective, there was no impact on earnings due to hedge ineffectiveness. The Company anticipates that substantially all unrealized gains and losses in accumulated other comprehensive loss related to these foreign currency exchange contracts will be reclassified into earnings by March 2018. The following table displays the fair values of the Company’s derivatives at June 30, 2016 and December 31, 2015: Derivative Assets Derivative Liabilities Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Derivative Instrument June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 Foreign Exchange Contracts (a) PP $ 1,112 (a) PP $ 773 (b) AE $ 254 (b) AE $ 391 (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 June 30, 2016 and December 31, 2015: Derivative Instrument June 30, 2016 December 31, 2015 Foreign Exchange Contracts $ 30,594 $ 23,028

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 – Fair Value Measurements The provisions of FASB 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. The following table shows assets and liabilities as of June 30, 2016 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total Derivative assets $ 0 $ 1,112 $ 0 $ 1,112 Derivative liabilities 0 254 0 254 The following table shows assets and liabilities as of December 31, 2015 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total Derivative assets $ 0 $ 773 $ 0 $ 773 Derivative liabilities 0 391 0 391 In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company is required to record other assets and liabilities at fair value on a nonrecurring basis, generally as a result of impairment charges. 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 June 30, 2016 because of the short-term maturities of the instruments and/or their variable rates of interest. The carrying amount and fair value of the Company’s borrowings under its $1,340,000 senior secured term loan facility (“Term Loan Credit Agreement”) and its $350,000 of 6.125% senior notes (“Senior Notes”) are as follows: June 30, 2016 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,309,514 $ 1,314,988 Senior Notes 344,133 361,375 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 June 30, 2016 based on the discounted future cash flows of each instrument at rates currently offered for similar debt instruments of comparable maturity. During August 2015, the Company acquired 75% of the operations of Accurate Custom Injection Molding Inc. (“ACIM”). Based on the terms of the acquisition agreement, the Company will acquire the remaining 25% interest in ACIM over the next eight years and the Company’s liability for the estimated purchase price of such interest was $775 at June 30, 2016. The liability represents a Level 3 fair value measurement as it is based on unobservable inputs. During March 2015, the Company acquired all of the stock of Travis Designs Limited (“Travis”), a United Kingdom-based entity with costume design and sourcing capabilities. The purchase price includes contingent consideration, based on the sales of the business acquired through the end of 2016. As of June 30, 2016, the liability was $1,138. The liability represents a Level 3 fair value measurement as it is based on unobservable inputs.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 11 – Earnings Per Share Basic earnings per share are computed by dividing net income available for common stockholders 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 as if they were exercised. A reconciliation between basic and diluted income (loss) per share is as follows: Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Net income (loss) $ 22,515 $ (23,050 ) $ 22,121 $ (31,575 ) Weighted average shares - Basic 119,323,104 115,060,066 119,307,539 104,578,295 Effect of dilutive securities: Stock options 1,000,477 0 925,051 0 Weighted average shares - Diluted 120,323,581 115,060,066 120,232,590 104,578,295 Net income (loss) per common share - Basic $ 0.19 $ (0.20 ) $ 0.19 $ (0.30 ) Net income (loss) per common share - Diluted $ 0.19 $ (0.20 ) $ 0.18 $ (0.30 ) During the three months ended June 30, 2016 and June 30, 2015, 1,948,745 stock options and 4,567,364 stock options, respectively, were excluded from the calculation of net loss per common share – diluted as they were anti-dilutive. Additionally, during the six months ended June 30, 2016 and 2015, 1,948,745 stock options and 4,567,364 stock options, respectively, were excluded from the calculation of net loss per common share – diluted as they were anti-dilutive.

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-Term Obligations	Note 12 – Long-Term Obligations Long-term obligations at June 30, 2016 and December 31, 2015 consisted of the following: June 30, 2016 December 31, 2015 Term Loan Credit Agreement $ 1,309,514 $ 1,314,538 Capital lease obligations 2,053 2,414 Senior Notes 344,133 343,721 Total long-term obligations 1,655,700 1,660,673 Less: current portion (14,438 ) (14,552 ) Long-term obligations, excluding current portion $ 1,641,262 $ 1,646,121

Basis of Presentation and Rec19

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-09, “Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting”. The pronouncement simplifies several aspects of the accounting for share-based payment transactions. The update is effective for the Company during the first quarter of 2017. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases”. The ASU requires that companies recognize on their balance sheets assets and liabilities for the rights and obligations created by the companies’ leases. The update is effective for the Company during the first quarter of 2019. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In January 2016, the FASB issued ASU 2016-01, “Financial Instruments – Overall: Recognition and Measurement of Financial Assets and Financial Liabilities”. The update impacts the accounting for equity investments and the recognition of changes in fair value of financial liabilities when the fair value option is elected. The pronouncement will be effective for the Company during the first quarter of 2018. Although the Company continues to evaluate this pronouncement, it does not believe that it will have a material impact on the Company’s consolidated financial statements. In September 2015, the FASB issued ASU 2015-16, “Business Combinations: Simplifying the Accounting for Measurement-Period Adjustments”. The update requires that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have a material impact on the Company’s consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory”. The update changes the measurement principle for inventory from the lower of cost or market to lower of cost and net realizable value. The pronouncement will be effective for the Company during the first quarter of 2017. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements. In April 2015, the FASB issued ASU 2015-05, “Intangibles – Goodwill and Other – Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement”. The update amended the guidance on internal use software to clarify how customers in cloud computing arrangements should determine whether the arrangements include software licenses. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have a material impact on the Company’s consolidated financial statements. In June 2014, the FASB issued ASU 2014-12, “Compensation – Stock Compensation: Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The update clarifies that a performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition. The Company adopted the update during the three months ended March 31, 2016 and such adoption did not have any impact on the Company’s consolidated financial statements. 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 update is effective for the Company during the first quarter of 2018; however, early adoption is permitted. The pronouncement can be applied retrospectively to prior reporting periods or through a cumulative-effect adjustment as of the date of adoption. The Company is in the process of evaluating the impact of the pronouncement on the Company’s consolidated financial statements and its method of adoption.
Inventories	Inventories are valued at the lower of cost or market.
Industry Segments	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, gifts and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States and Canada, principally under the names Party City and Halloween City, and it operates e-commerce websites, principally through the domain name Partycity.com. The Retail segment also franchises both individual stores and franchise areas throughout the United States, Mexico and Puerto Rico, principally under the name Party City.
Derivatives	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 risk managed through the use of derivative financial instruments is 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 and the Australian Dollar, 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 condensed consolidated balance sheets at fair value. The fair value of the foreign currency exchange contracts is the estimated amount that the counterparties would receive or pay to terminate the foreign currency exchange contracts at the reporting date, taking into account current foreign exchange spot rates. At June 30, 2016 and December 31, 2015, the Company had certain 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 were 100% effective, there was no impact on earnings due to hedge ineffectiveness. The Company anticipates that substantially all unrealized gains and losses in accumulated other comprehensive loss related to these foreign currency exchange contracts will be reclassified into earnings by March 2018.
Fair Value Measurement	The provisions of FASB 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.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, 2016 December 31, 2015 Finished goods $ 587,988 $ 532,606 Raw materials 26,630 21,278 Work in process 10,316 10,375 $ 624,934 $ 564,259

Changes in Accumulated Other 21

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2016 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2016 $ (30,751 ) $ (106 ) $ (30,857 ) Other comprehensive (loss) income before reclassifications, net (8,749 ) 1,167 (7,582 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net 0 (145 ) (145 ) Net current-period other comprehensive (loss) income, net (8,749 ) 1,022 (7,727 ) Balance at June 30, 2016 $ (39,500 ) $ 916 $ (38,584 ) Three Months Ended June 30, 2015 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2015 $ (26,328 ) $ 1,266 $ (25,062 ) Other comprehensive income (loss) before reclassifications, net 7,739 (933 ) 6,806 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net 0 (87 ) (87 ) Net current-period other comprehensive income (loss), net 7,739 (1,020 ) 6,719 Balance at June 30, 2015 $ (18,589 ) $ 246 $ (18,343 ) Six Months Ended June 30, 2016 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2015 $ (33,401 ) $ 611 $ (32,790 ) Other comprehensive (loss) income before reclassifications, net (6,099 ) 653 (5,446 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net 0 (348 ) (348 ) Net current-period other comprehensive (loss) income, net (6,099 ) 305 (5,794 ) Balance at June 30, 2016 $ (39,500 ) $ 916 $ (38,584 ) Six Months Ended June 30, 2015 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2014 $ (12,969 ) $ 234 $ (12,735 ) Other comprehensive (loss) income before reclassifications, net (5,620 ) 265 (5,355 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net 0 (253 ) (253 ) Net current-period other comprehensive (loss) income, net (5,620 ) 12 (5,608 ) Balance at June 30, 2015 $ (18,589 ) $ 246 $ (18,343 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended June 30, 2016 and June 30, 2015 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2016 Revenues: Net sales $ 268,863 $ 376,099 $ 644,962 Royalties and franchise fees 0 3,987 3,987 Total revenues 268,863 380,086 648,949 Eliminations (129,536 ) 0 (129,536 ) Net revenues $ 139,327 $ 380,086 $ 519,413 Income from operations $ 16,630 $ 41,850 $ 58,480 Interest expense, net 22,781 Other income, net (224 ) Income before income taxes $ 35,923 Wholesale Retail Consolidated Three Months Ended June 30, 2015 Revenues: Net sales $ 254,554 $ 350,459 $ 605,013 Royalties and franchise fees 0 4,314 4,314 Total revenues 254,554 354,773 609,327 Eliminations (113,807 ) 0 (113,807 ) Net revenues $ 140,747 $ 354,773 $ 495,520 Income from operations $ 11,353 $ 34,714 $ 46,067 Interest expense, net 33,397 Other expense, net 48,810 Loss before income taxes $ (36,140 ) The Company’s industry segment data for the six months ended June 30, 2016 and June 30, 2015 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2016 Revenues: Net sales $ 528,684 $ 695,655 $ 1,224,339 Royalties and franchise fees 0 7,441 7,441 Total revenues 528,684 703,096 1,231,780 Eliminations (254,627 ) 0 (254,627 ) Net revenues $ 274,057 $ 703,096 $ 977,153 Income from operations $ 30,137 $ 47,899 $ 78,036 Interest expense, net 45,433 Other income, net (3,202 ) Income before income taxes $ 35,805 Wholesale Retail Consolidated Six Months Ended June 30, 2015 Revenues: Net sales $ 505,270 $ 663,731 $ 1,169,001 Royalties and franchise fees 0 8,224 8,224 Total revenues 505,270 671,955 1,177,225 Eliminations (219,600 ) 0 (219,600 ) Net revenues $ 285,670 $ 671,955 $ 957,625 Income from operations $ 24,022 $ 46,049 $ 70,071 Interest expense, net 71,876 Other expense, net 47,389 Loss before income taxes $ (49,194 )

Derivative Financial Instrume23

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2016
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 June 30, 2016 and December 31, 2015: Derivative Assets Derivative Liabilities Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Derivative Instrument June 30, 2016 December 31, 2015 June 30, 2016 December 31, 2015 Foreign Exchange Contracts (a) PP $ 1,112 (a) PP $ 773 (b) AE $ 254 (b) AE $ 391 (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 June 30, 2016 and December 31, 2015: Derivative Instrument June 30, 2016 December 31, 2015 Foreign Exchange Contracts $ 30,594 $ 23,028

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis	The following table shows assets and liabilities as of June 30, 2016 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total Derivative assets $ 0 $ 1,112 $ 0 $ 1,112 Derivative liabilities 0 254 0 254 The following table shows assets and liabilities as of December 31, 2015 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total Derivative assets $ 0 $ 773 $ 0 $ 773 Derivative liabilities 0 391 0 391
Summary of Carrying Amount and Fair Value	The carrying amount and fair value of the Company’s borrowings under its $1,340,000 senior secured term loan facility (“Term Loan Credit Agreement”) and its $350,000 of 6.125% senior notes (“Senior Notes”) are as follows: June 30, 2016 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,309,514 $ 1,314,988 Senior Notes 344,133 361,375

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of Reconciliation Between Basic and Diluted Income (Loss) Per Share	A reconciliation between basic and diluted income (loss) per share is as follows: Three Months Ended June 30, 2016 Three Months Ended June 30, 2015 Six Months Ended June 30, 2016 Six Months Ended June 30, 2015 Net income (loss) $ 22,515 $ (23,050 ) $ 22,121 $ (31,575 ) Weighted average shares - Basic 119,323,104 115,060,066 119,307,539 104,578,295 Effect of dilutive securities: Stock options 1,000,477 0 925,051 0 Weighted average shares - Diluted 120,323,581 115,060,066 120,232,590 104,578,295 Net income (loss) per common share - Basic $ 0.19 $ (0.20 ) $ 0.19 $ (0.30 ) Net income (loss) per common share - Diluted $ 0.19 $ (0.20 ) $ 0.18 $ (0.30 )

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at June 30, 2016 and December 31, 2015 consisted of the following: June 30, 2016 December 31, 2015 Term Loan Credit Agreement $ 1,309,514 $ 1,314,538 Capital lease obligations 2,053 2,414 Senior Notes 344,133 343,721 Total long-term obligations 1,655,700 1,660,673 Less: current portion (14,438 ) (14,552 ) Long-term obligations, excluding current portion $ 1,641,262 $ 1,646,121

Description of Business - Addit

Description of Business - Additional Information (Detail) $ in Thousands	1 Months Ended		6 Months Ended
	Mar. 31, 2016USD ($)	Jan. 31, 2016USD ($)Franchised_Stores	Jun. 30, 2016Store
Festival S A [Member]
Basis Of Presentation [Line Items]
Total consideration amount | $	$ 5,000
PC Nextco [Member]
Basis Of Presentation [Line Items]
Ownership percentage			100.00%
Subsidiaries [Member] | Reportable Legal Entity Pc Intermediate Holdings Inc [Member]
Basis Of Presentation [Line Items]
Ownership percentage			100.00%
Indirect Subsidiaries [Member] | 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 specialty retail party supply stores | Store			900
Number of franchise stores included in retail operation | Store			180
Arizona and New Mexico [Member]
Basis Of Presentation [Line Items]
Number of franchise stores acquired | Franchised_Stores		19
Total consideration amount | $		$ 26,500

Basis of Presentation and Rec28

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016
Minimum [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Retail operations period of fiscal year	52 Weeks
Retail operations period of fiscal quarter	13 Weeks
Maximum [Member]
Basis Of Presentation And Significant Accounting Policies [Line Items]
Retail operations period of fiscal year	53 Weeks
Retail operations period of fiscal quarter	14 Weeks

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Finished goods	$ 587,988	$ 532,606
Raw materials	26,630	21,278
Work in process	10,316	10,375
Inventories, net	$ 624,934	$ 564,259

Changes in Accumulated Other 30

Changes in Accumulated Other Comprehensive Loss - Changes in Accumulated and Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (30,857)	$ (25,062)	$ (32,790)	$ (12,735)
Other comprehensive (loss) income before reclassifications, net	(7,582)	6,806	(5,446)	(5,355)
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income (loss), net	(145)	(87)	(348)	(253)
Net current-period other comprehensive (loss) income, net	(7,727)	6,719	(5,794)	(5,608)
Ending balance	(38,584)	(18,343)	(38,584)	(18,343)
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(30,751)	(26,328)	(33,401)	(12,969)
Other comprehensive (loss) income before reclassifications, net	(8,749)	7,739	(6,099)	(5,620)
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income (loss), net	0	0	0	0
Net current-period other comprehensive (loss) income, net	(8,749)	7,739	(6,099)	(5,620)
Ending balance	(39,500)	(18,589)	(39,500)	(18,589)
Impact of Foreign Exchange Contracts, Net of Taxes [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(106)	1,266	611	234
Other comprehensive (loss) income before reclassifications, net	1,167	(933)	653	265
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income (loss), net	(145)	(87)	(348)	(253)
Net current-period other comprehensive (loss) income, net	1,022	(1,020)	305	12
Ending balance	$ 916	$ 246	$ 916	$ 246

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	Jun. 30, 2016$ / sharesshares
Equity [Abstract]
Authorized capital stock | shares	300,000,000
Common stock, par value | $ / shares	$ 0.01

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016Segment
Segment Reporting [Abstract]
Number of business segments	2

Segment Information - Schedule

Segment Information - Schedule of Company's Industry Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Net sales	$ 515,426	$ 491,206	$ 969,712	$ 949,401
Royalties and franchise fees	3,987	4,314	7,441	8,224
Total revenues	519,413	495,520	977,153	957,625
Income from operations	58,480	46,067	78,036	70,071
Interest expense, net	22,781	33,397	45,433	71,876
Other expense (income), net	(224)	48,810	(3,202)	47,389
Income (loss) before income taxes	35,923	(36,140)	35,805	(49,194)
Wholesale [Member]
Revenues:
Total revenues	139,327	140,747	274,057	285,670
Income from operations	16,630	11,353	30,137	24,022
Retail [Member]
Revenues:
Total revenues	380,086	354,773	703,096	671,955
Income from operations	41,850	34,714	47,899	46,049
Operating Segments [Member]
Revenues:
Net sales	644,962	605,013	1,224,339	1,169,001
Royalties and franchise fees	3,987	4,314	7,441	8,224
Total revenues	648,949	609,327	1,231,780	1,177,225
Operating Segments [Member] | Wholesale [Member]
Revenues:
Net sales	268,863	254,554	528,684	505,270
Royalties and franchise fees	0	0	0	0
Total revenues	268,863	254,554	528,684	505,270
Operating Segments [Member] | Retail [Member]
Revenues:
Net sales	376,099	350,459	695,655	663,731
Royalties and franchise fees	3,987	4,314	7,441	8,224
Total revenues	380,086	354,773	703,096	671,955
Eliminations [Member]
Revenues:
Total revenues	(129,536)	(113,807)	(254,627)	(219,600)
Eliminations [Member] | Wholesale [Member]
Revenues:
Total revenues	(129,536)	(113,807)	(254,627)	(219,600)
Eliminations [Member] | Retail [Member]
Revenues:
Total revenues	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume34

Derivative Financial Instruments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2016
Derivative [Line Items]
Foreign currency exchange contracts reclassified date	2018-03
Foreign Exchange Risk Management [Member]
Derivative [Line Items]
Hedging effectiveness	100.00%
Foreign Exchange Risk Management [Member] | Maximum [Member]
Derivative [Line Items]
Foreign exchange forward contracts maturity	1 year

Derivative Financial Instrume35

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) - Foreign Exchange Contracts [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 1,112	$ 773
Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 254	$ 391

Derivative Financial Instrume36

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Notional amounts	$ 30,594,000	$ 23,028,000

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 1,112	$ 773
Derivative liabilities	254	391
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,112	773
Derivative liabilities	254	391
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	0	0
Derivative liabilities	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Aug. 31, 2015	Jun. 30, 2016
Accurate Custom Injection Molding Inc [Member]
Debt Instrument [Line Items]
Business combination, acquisition percentage	75.00%
Business combination, percentage of remaining interest	25.00%
Business combination, period to acquire remaining interest	8 years
Estimated contingent consideration		$ 775
Travis Designs Limited [Member]
Debt Instrument [Line Items]
Estimated contingent consideration		1,138
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount		$ 350,000
Notes issued rate		6.125%
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Senior secured term loan facility		$ 1,340,000

Fair Value Measurements - Sum39

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Jun. 30, 2016USD ($)
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 344,133
Debt Instrument Fair Value	361,375
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	1,309,514
Debt Instrument Fair Value	$ 1,314,988

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation Between Basic and Diluted Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Net income (loss)	$ 22,515	$ (23,050)	$ 22,121	$ (31,575)
Weighted average shares - Basic	119,323,104	115,060,066	119,307,539	104,578,295
Effect of dilutive securities:
Stock options	1,000,477	0	925,051	0
Weighted average shares - Diluted	120,323,581	115,060,066	120,232,590	104,578,295
Net income (loss) per common share - Basic	$ 0.19	$ (0.20)	$ 0.19	$ (0.30)
Net income (loss) per common share - Diluted	$ 0.19	$ (0.20)	$ 0.18	$ (0.30)

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	1,948,745	4,567,364	1,948,745	4,567,364

Long-Term Obligations - Summary

Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Total long-term obligations	$ 1,655,700	$ 1,660,673
Less: current portion	(14,438)	(14,552)
Long-term obligations, excluding current portion	1,641,262	1,646,121
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations	2,053	2,414
Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term obligations	344,133	343,721
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 1,309,514	$ 1,314,538