Party City Holdco (PRTYQ) 10-Q 9 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 25, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Trading Symbol	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	Accelerated Filer
Entity Common Stock, Shares Outstanding		96,449,002

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 54,831	$ 54,291
Accounts receivable, net	130,946	140,980
Inventories, net	620,703	604,066
Prepaid expenses and other current assets	78,298	77,816
Total current assets	884,778	877,153
Property, plant and equipment, net	302,435	301,141
Goodwill	1,628,928	1,619,253
Trade names	569,196	568,681
Other intangible assets, net	75,680	75,704
Other assets, net	11,879	12,824
Total assets	3,472,896	3,454,756
Current liabilities:
Loans and notes payable	349,601	286,291
Accounts payable	129,681	160,994
Accrued expenses	167,078	176,609
Income taxes payable	39,163	45,568
Current portion of long-term obligations	12,931	13,059
Total current liabilities	698,454	682,521
Long-term obligations, excluding current portion	1,530,219	1,532,090
Deferred income tax liabilities	176,752	175,836
Deferred rent and other long-term liabilities	90,089	91,929
Total liabilities	2,495,514	2,482,376
Redeemable securities	3,590	3,590
Commitments and contingencies
Stockholders' equity:
Common stock (96,435,002 and 96,380,102 shares outstanding and 119,814,569 and 119,759,669 shares issued at March 31, 2018 and December 31, 2017, respectively)	1,198	1,198
Additional paid-in capital	918,205	917,192
Retained earnings	371,385	372,596
Accumulated other comprehensive loss	(30,600)	(35,818)
Total Party City Holdco Inc. stockholders' equity before common stock held in treasury	1,260,188	1,255,168
Less: Common stock held in treasury, at cost (23,379,567 shares at March 31, 2018 and December 31, 2017)	(286,733)	(286,733)
Total Party City Holdco Inc. stockholders' equity	973,455	968,435
Noncontrolling interests	337	355
Total stockholders' equity	973,792	968,790
Total liabilities, redeemable securities and stockholders' equity	$ 3,472,896	$ 3,454,756

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, shares outstanding	96,435,002	96,380,102
Common stock, shares issued	119,814,569	119,759,669
Treasury stock, shares	23,379,567	23,379,567

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income(Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Net sales	$ 505,108	$ 473,963
Royalties and franchise fees	2,716	3,036
Total revenues	507,824	476,999
Expenses:
Cost of sales	316,966	298,719
Wholesale selling expenses	18,787	15,627
Retail operating expenses	89,092	90,730
Franchise expenses	3,782	3,317
General and administrative expenses	48,665	48,137
Art and development costs	5,973	5,798
Development stage expenses	2,303
Total expenses	485,568	462,328
Income from operations	22,256	14,671
Interest expense, net	23,275	20,692
Other expense, net	848	1,162
Loss before income taxes	(1,867)	(7,183)
Income tax benefit	(704)	(2,500)
Net loss	(1,163)	(4,683)
Less: Net loss attributable to noncontrolling interests	(30)
Net loss attributable to Party City Holdco Inc.	$ (1,133)	$ (4,683)
Net loss per common share-Basic	$ (0.01)	$ (0.04)
Net loss per common share-Diluted	$ (0.01)	$ (0.04)
Weighted-average number of common shares-Basic	96,398,585	119,523,867
Weighted-average number of common shares-Diluted	96,398,585	119,523,867
Dividends declared per share	$ 0	$ 0
Comprehensive income (loss)	$ 4,067	$ (1,475)
Less: comprehensive loss attributable to noncontrolling interests	(18)
Comprehensive income (loss) attributable to Party City Holdco Inc.	$ 4,085	$ (1,475)

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]	Common Stock Held In Treasury [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]	Non-Controlling Interests [Member]
Balance at Dec. 31, 2017	$ 968,790	$ 1,198	$ 917,192	$ 372,596	$ (35,818)	$ 1,255,168	$ (286,733)	$ 968,435	$ 355
Cumulative effect of change in accounting principle, net (see Note 2)	(78)			(78)		(78)		(78)
Balance, as adjusted at Dec. 31, 2017	968,712	1,198	917,192	372,518	(35,818)	1,255,090	(286,733)	968,357	355
Net loss	(1,163)			(1,133)		(1,133)		(1,133)	(30)
Employee equity based compensation	460		460			460		460
Warrant	261		261			261		261
Exercise of stock options	292		292			292		292
Foreign currency adjustments	5,418				5,406	5,406		5,406	12
Impact of foreign exchange contracts, net of tax	(188)				(188)	(188)		(188)
Balance at Mar. 31, 2018	$ 973,792	$ 1,198	$ 918,205	$ 371,385	$ (30,600)	$ 1,260,188	$ (286,733)	$ 973,455	$ 337

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows used in operating activities:
Net loss	$ (1,163)	$ (4,683)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	20,557	20,701
Amortization of deferred financing costs and original issuance discounts	1,556	1,233
Provision for doubtful accounts	350	230
Deferred income tax expense	178	873
Deferred rent	368	363
Undistributed (income) loss in unconsolidated joint ventures	(211)	716
Loss (gain) on disposal of assets	22	(3)
Non-employee equity based compensation	261
Employee equity based compensation	460	2,398
Changes in operating assets and liabilities, net of effects of acquired businesses:
Decrease in accounts receivable	11,243	20,225
(Increase) decrease in inventories	(11,696)	13,151
(Increase) decrease in prepaid expenses and other current assets	(923)	555
Decrease in accounts payable, accrued expenses and income taxes payable	(46,192)	(75,302)
Net cash used in operating activities	(25,190)	(19,543)
Cash flows used in investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(17,021)	(62,171)
Capital expenditures	(17,906)	(11,424)
Proceeds from disposal of property and equipment	21	5
Net cash used in investing activities	(34,906)	(73,590)
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(27,609)	(19,272)
Proceeds from loans, notes payable and long-term obligations	87,370	87,216
Exercise of stock options	292	64
Debt issuance costs	(56)
Net cash provided by financing activities	59,997	68,008
Effect of exchange rate changes on cash and cash equivalents	671	872
Net increase (decrease) in cash and cash equivalents and restricted cash	572	(24,253)
Cash and cash equivalents and restricted cash at beginning of period	54,408	64,765
Cash and cash equivalents and restricted cash at end of period	54,980	40,512
Cash paid during the period
Interest	28,780	25,232
Income taxes, net of refunds	$ 5,342	$ 6,749

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2018
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. The Company’s retail operations include over 900 specialty retail party supply stores (including franchise stores) in the United States and Canada, operating under the name Party City, and e-commerce websites, principally operating under the domain name PartyCity.com. In addition to the Company’s retail operations, it is also a global designer, manufacturer and distributor of decorated party supplies, with products found in over 40,000 retail outlets, including independent party supply stores, mass merchants, grocery retailers and dollar stores. The Company’s products are available in over 100 countries with the United Kingdom, Germany, Mexico and Australia among the largest end markets outside of the United States. 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.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
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 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, 2018. Our business is subject to substantial seasonal variations as our retail segment has historically 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, 2017, as filed with the Securities and Exchange Commission on March 14, 2018. Recently Issued Accounting Pronouncements In August 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities”. The pronouncement amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. The update is effective for the Company during the first quarter of 2019. 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 November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash”. The pronouncement requires companies to show changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The Company adopted the pronouncement, which requires retrospective application, during the first quarter of 2018. The impact of such adoption was immaterial to the Company’s consolidated financial statements. See Note 15 for further discussion. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”. The pronouncement clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. The Company adopted the pronouncement during the first quarter of 2018 and such adoption did not have a material impact 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 Company adopted the pronouncement during the first quarter of 2018 and such adoption did not have a material 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 new standard was effective for the Company during the first quarter of 2018. The pronouncement can be applied retrospectively to prior reporting periods or on a modified retrospective basis through a cumulative-effect adjustment as of the date of adoption. The Company decided to adopt the pronouncement using the modified retrospective approach. Therefore, on January 1, 2018, the Company adjusted its accounting for certain discounts which are tied to the timing of payments by customers of its wholesale business and the Company recorded a cumulative-effect adjustment which reduced retained earnings by $46. Additionally, as of such date, the Company modified its accounting for certain metallic balloon sales of its wholesale segment and started to defer the recognition of revenue on such sales, and the related costs, until the balloons have been filled with helium. As a result, the Company recorded a cumulative-effect adjustment which increased retained earnings by $8. Finally, as of such date, the Company adjusted its accounting for certain discounts on wholesale sales of seasonal product and the Company recorded a cumulative-effect adjustment which reduced retained earnings by $40. See Note 14 for further discussion of the adoption of the pronouncement and the Company’s revenue recognition policy.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventories consisted of the following: March 31, 2018 December 31, 2017 Finished goods $ 576,244 $ 562,809 Raw materials 31,504 30,346 Work in process 12,955 10,911 $ 620,703 $ 604,066 Inventories 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.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 4 – Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act of 2017 (“the Act”) was signed into law. 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”). Due to the complexities of accounting for the Act, the SEC issued Staff Accounting Bulletin (“SAB”) No. 118 which allows entities to include a provisional estimate of the impact of the Act in its financial statements. Therefore, based on currently available information, during the fourth quarter of 2017, the Company recorded a provisional estimate of the impact of the Act, which included an income tax benefit of $90,965 related to the remeasurement of its domestic net deferred tax liabilities and deferred tax assets due to the lower U.S. corporate tax rate. Additionally, during the fourth quarter of 2017, the Company recorded a net income tax expense of $1,132 as its provisional estimate of the Transition Tax related to the deemed repatriation of unremitted earnings of foreign subsidiaries. The Company did not adjust these estimates during the first quarter of 2018. While these amounts represent the Company’s best estimates of the impacts of the reduction in the federal corporate income tax rate and the deemed repatriation Transition Tax, the final impacts of the Act may differ from the Company’s estimates due to, among other things, changes in the Company’s interpretations and assumptions, additional guidance to be issued by the IRS, and actions the Company may take. As provided in SAB 118, any adjustments to these provisional amounts will be recorded as they are identified during the measurement period, which ends no later than December 22, 2018. Additionally, the Act subjects a U.S. shareholder to current tax on “global intangible low-taxed income” (“GILTI”) of its controlled foreign corporations. GILTI is based on the excess of the aggregate of a U.S. shareholder’s pro rata share of net income of its controlled foreign corporations over a specified return. Given the complexity of the GILTI provisions, the Company is still evaluating the effects of the provisions and has not yet determined its accounting policy. Therefore, during the three months ended March 31, 2018, the Company has included an estimate of the tax on GILTI as a period cost in its full-year estimated effective income tax rate and it has not accounted for any tax on GILTI in its deferred balances. The effective income tax rate for the three months ended March 31, 2018, 37.7%, is higher than the statutory rate primarily due to discrete items related to stock option exercises and state tax rate changes.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2017 $ (35,610 ) $ (208 ) $ (35,818 ) Other comprehensive income (loss) before reclassifications, net of income tax 5,406 (428 ) 4,978 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — 240 240 Net current-period other comprehensive income (loss) 5,406 (188 ) 5,218 Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Three Months Ended March 31, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2016 $ (53,171 ) $ 932 $ (52,239 ) Other comprehensive income (loss) before reclassifications, net of income tax 3,819 (287 ) 3,532 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — (324 ) (324 ) Net current-period other comprehensive income (loss) 3,819 (611 ) 3,208 Balance at March 31, 2017 $ (49,352 ) $ 321 $ (49,031 )

Capital Stock

Capital Stock	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Capital Stock	Note 6 – Capital Stock At March 31, 2018, 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. During the three months ended March 31, 2018, 54,900 shares of common stock were issued due to stock option exercises.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Note 7 – Segment Information Industry Segments The Company has two identifiable business segments. The Wholesale segment 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 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 March 31, 2018 and March 31, 2017 was as follows: Wholesale Retail Consolidated Three Months Ended March 31, 2018 Revenues: Net sales $ 277,827 $ 363,576 $ 641,403 Royalties and franchise fees — 2,716 2,716 Total revenues 277,827 366,292 644,119 Eliminations (136,295 ) — (136,295 ) Net revenues $ 141,532 $ 366,292 $ 507,824 Income from operations $ 5,348 $ 16,908 $ 22,256 Interest expense, net 23,275 Other expense, net 848 Loss before income taxes $ (1,867 ) Wholesale Retail Consolidated Three Months Ended March 31, 2017 Revenues: Net sales $ 270,692 $ 339,269 $ 609,961 Royalties and franchise fees — 3,036 3,036 Total revenues 270,692 342,305 612,997 Eliminations (135,998 ) — (135,998 ) Net revenues $ 134,694 $ 342,305 $ 476,999 Income from operations $ 10,416 $ 4,255 $ 14,671 Interest expense, net 20,692 Other expense, net 1,162 Loss before income taxes $ (7,183 )

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
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 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 initial public offering-related public filings. 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	3 Months Ended
	Mar. 31, 2018
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 risks managed through the use of derivative financial instruments are interest rate risk and foreign currency exchange rate risk. Interest Rate Risk Management As part of the Company’s risk management strategy, the Company periodically uses interest rate swap agreements to hedge the variability of cash flows on floating rate debt obligations. Accordingly, interest rate swap agreements are reflected in the consolidated balance sheets at fair value and the related gains and losses on these contracts are deferred in equity and recognized in interest expense over the same period in which the related interest payments being hedged are recognized in income. The Company did not utilize interest rate swap agreements during the three months ended March 31, 2018 and the three months ended March 31, 2017. Foreign Exchange Risk Management A portion of the Company’s cash flows are 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 condensed consolidated balance sheets at fair value. At March 31, 2018 and December 31, 2017, 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 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 June 2019. The following table displays the fair values of the Company’s derivatives at March 31, 2018 and December 31, 2017: 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 March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Foreign Exchange Contracts (a) PP $ 80 (a) PP $ 95 (b) AE $ 407 (b) AE $ 99 (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 March 31, 2018 and December 31, 2017: Derivative Instrument March 31, 2018 December 31, 2017 Foreign Exchange Contracts $ 35,129 $ 21,672

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 – 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. The Company is adjusting such put liability to fair value on a recurring basis. The liability represents a Level 3 fair value measurement as it is based on unobservable inputs. 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 a 70% ownership interest in Kazzam. The 70% interest has been recorded as redeemable securities in the mezzanine of the Company’s consolidated balance sheet as, in the future, Ampology has the right to cause the Company to purchase the interest. The mezzanine liability is adjusted to fair value on a recurring basis. The liability represents a Level 3 fair value measurement as it is based on unobservable inputs. The following table shows assets and liabilities as of March 31, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of March 31, 2018 Derivative assets $ — $ 80 $ — $ 80 Derivative liabilities — 407 — 407 Kazzam liability — — 3,590 3,590 Punchbowl put liability — — 171 171 The following table shows assets and liabilities as of December 31, 2017 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of December 31, 2017 Derivative assets $ — $ 95 $ — $ 95 Derivative liabilities — 99 — 99 Kazzam liability — — 3,590 3,590 Punchbowl put liability — — 2,122 2,122 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. 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 March 31, 2018 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 March 31, 2018 are as follows: March 31, 2018 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,194,526 $ 1,212,732 Senior Notes 345,574 356,500 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 March 31, 2018 based on the discounted future cash flows of each instrument at rates currently offered for similar debt instruments of comparable maturity.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
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 and warrants as if they were exercised. A reconciliation between basic and diluted income per share is as follows: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Net loss attributable to Party City Holdco Inc. $ (1,133 ) $ (4,683 ) Weighted average shares - Basic 96,398,585 119,523,867 Effect of dilutive securities: Warrants — — Stock options — — Weighted average shares - Diluted 96,398,585 119,523,867 Net loss per common share - Basic $ (0.01 ) $ (0.04 ) Net loss per common share - Diluted $ (0.01 ) $ (0.04 ) During the three months ended March 31, 2018 and March 31, 2017, 4,275,789 stock options and 4,640,205 stock options, respectively, were excluded from the calculation of net income per common share – diluted as they were anti-dilutive. Additionally, during the three months ended March 31, 2018 and March 31, 2017, 596,000 warrants and 0 warrants, respectively, were excluded from the calculation of net income per common share – diluted as they were anti-dilutive.

Long-Term Obligations

Long-Term Obligations	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Long-Term Obligations	Note 12 – Long-Term Obligations Long-term obligations at March 31, 2018 and December 31, 2017 consisted of the following: March 31, 2018 December 31, 2017 Term Loan Credit Agreement $ 1,194,526 $ 1,196,505 Capital lease obligations 3,050 3,276 Senior Notes 345,574 345,368 Total long-term obligations 1,543,150 1,545,149 Less: current portion (12,931 ) (13,059 ) Long-term obligations, excluding current portion $ 1,530,219 $ 1,532,090 Term Loan Credit Agreement During February 2018, the Company amended its Term Loan Credit Agreement. At the time of the amendment, all outstanding term loans were replaced with new term loans for the same principal amount. The applicable margin for ABR borrowings was lowered from 2.00% to 1.75% and the applicable margin for LIBOR borrowings was lowered from 3.00% to 2.75%. Additionally, based on the terms of the amendment, the ABR and LIBOR margins will drop to 1.50% and 2.50%, respectively, if the Company’s Senior Secured Leverage Ratio, as defined by the agreement, falls below 3.2 to 1.0. The amendment provides that the term loans are subject to a 1.00% prepayment premium if voluntarily repaid within six months from the date of the amendment. Otherwise, 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. As the Term Loan Credit Agreement is a loan syndication, the Company assessed, on a creditor-by-creditor basis, whether the refinancing should be accounted for as an extinguishment for each creditor and the Company wrote-off $186 of existing deferred financing costs, a $102 capitalized original issue discount and $58 of capitalized call premium. The write-offs were recorded in other expense in the Company’s consolidated statement of income and comprehensive income. The remaining deferred financing costs, original issue discount and capitalized call premium will continue to be amortized over the life of the Term Loan Credit Agreement, using the effective interest method. Additionally, in conjunction with the amendment, the Company incurred $856 of banker and legal fees, $800 of which were recorded in other expense. The rest of the costs are being amortized over the life of the debt. The write-offs of the deferred financing costs, original issuance discount and call premium were included in amortization of deferred financing costs and original issuance discount in the Company’s consolidated statement of cash flows.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2018
Business Combinations [Abstract]
Acquisitions	Note 13 – Acquisitions During March 2018, the Company acquired 11 franchise stores, which are located in Maryland, for total consideration of approximately $14,000. The Company is in the process of finalizing purchase accounting. Additionally, during March 2018, the Company entered into an agreement to acquire 11 independent stores, which are located in Texas, for total consideration of approximately $6,000. The Company will take control of the stores one at a time over a period of approximately one year. The Company is in the process of finalizing purchase accounting for the stores for which it has already taken control. During 2017, the Company acquired 85% of the common stock of Granmark, S.A. de C.V., a Mexican manufacturer and wholesaler of party goods. Based on the terms of the acquisition agreement, the Company is required to acquire the remaining 15% interest over the next five years and it has recorded a liability for the estimated purchase price of such interest, $3,106 at March 31, 2018. During 2017, the Company acquired 60% of Print Appeal, Inc. Based on the terms of the acquisition agreement, the Company will acquire the remaining 40% interest in Print Appeal over the next five years and the Company’s liability for the estimated purchase price of such interest was $2,679 at March 31, 2018.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 14 – 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 during the first quarter of 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 overwhelming 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 income. Revenue Transactions—Wholesale For most of the Company’s wholesale sales, control transfers upon the Company’s shipment of the product as: 1) legal title transfers on such date and 2) the Company has a present right to payment at such time. 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 and it uses the expected value method to estimate such activity. In most cases, the determination of the transaction price is straight-forward as it is fixed based on the contract and/or purchase order. However, a limited number of customers receive volume-based rebates. Additionally, certain customers receive small discounts for early payment (generally 1% of the transaction price). Based on the business’ long history as a leading party goods wholesaler, the Company has sufficient history with which to estimate variable consideration for such volume-based rebates and early payment discounts. 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, volume-based rebates and discounts for early payments by customers. Due to its extensive history operating as a leading party goods retailer and wholesaler, the Company has sufficient history with which to estimate such amounts. Other Revenue Topics During the three months ended March 31, 2018 and March 31, 2017, impairment losses recognized on receivables and contract assets arising from the Company’s contracts with customers were $350 and $230, respectively. 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 three months ended March 31, 2018 and March 31, 2017: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Retail Net Sales: Party City Stores $ 330,845 $ 305,014 Global E-commerce 32,731 34,255 Halloween City Stores — — Total Retail Net Sales $ 363,576 $ 339,269 Royalties and Franchise Fees 2,716 3,036 Total Retail Revenue $ 366,292 $ 342,305 Wholesale Net Sales: Domestic $ 79,559 $ 84,341 International 61,973 50,353 Total Wholesale Net Sales $ 141,532 $ 134,694 Total Consolidated Revenue $ 507,824 $ 476,999 Financial Statement Impact of Adopting the Pronouncement All of the Company’s revenue is recognized from contracts with customers and, therefore, is subject to the pronouncement. The Company adopted the pronouncement using a modified retrospective approach and applied the guidance to all contracts as of January 1, 2018. On such date, the Company reduced its retained earnings by $78, reduced its accounts receivable by $141, increased its inventory by $11, reduced its accrued expenses by $26, increased its deferred tax asset by $28 and increased its income taxes payable by $2. The cumulative adjustment principally related to certain discounts within the Company’s wholesale business. Additionally, the adoption of the pronouncement impacted the Company’s financial statements for the three months ended March 31, 2018 as it increased pre-tax income by $13.

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2018
Text Block [Abstract]
Cash, Cash Equivalents and Restricted Cash	Note 15 – Cash, Cash Equivalents and Restricted Cash In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash”. The pronouncement requires companies to show changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in their statement of cash flows. The Company adopted the pronouncement, which requires retrospective application, during the first quarter of 2018. As a result, the Company’s statement of cash flows for the three months ended March 31, 2017 has been adjusted to include $155 of restricted cash at December 31, 2016 and $145 of restricted cash at March 31, 2017. The restricted cash, which principally relates to funds that are required to be spent on advertising, is included in “prepaid expenses and other current assets” in the Company’s consolidated balance sheet. Therefore, in the Company’s adjusted consolidated statement of cash flows for the three months ended March 31, 2017, the change in “prepaid expenses and other current assets” has been adjusted from a cash inflow of $565 to a cash inflow of $555. The Company’s March 31, 2018 consolidated balance sheet included $54,831 of cash and cash equivalents and $149 of restricted cash and the Company’s December 31, 2017 consolidated balance sheet included $54,291 of cash and cash equivalents and $117 of restricted cash. Restricted cash is recorded in “prepaid expenses and other current assets”.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 16 – Related Party Transactions Morry Weiss became a member of the Company’s Board of Directors in June 2015. He is the Chairman of the Board of American Greetings Corporation (“American Greetings”). During the three months ended March 31, 2018 and March 31, 2017, the Company had $3,807 and $4,759, respectively, of sales to American Greetings in the ordinary course of business. Additionally, during such periods, the Company purchased $870 and $929, respectively, of product from American Greetings, also in the ordinary course. Additionally, in the normal course of business, the Company buys and sells party goods from/to certain equity method investees. Such activity is immaterial to the Company’s consolidated financial statements.

Basis of Presentation and Rec23

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In August 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities”. The pronouncement amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. The update is effective for the Company during the first quarter of 2019. 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 November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash”. The pronouncement requires companies to show changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. The Company adopted the pronouncement, which requires retrospective application, during the first quarter of 2018. The impact of such adoption was immaterial to the Company’s consolidated financial statements. See Note 15 for further discussion. In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments”. The pronouncement clarifies how entities should classify certain cash receipts and cash payments on the statement of cash flows. The Company adopted the pronouncement during the first quarter of 2018 and such adoption did not have a material impact 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 Company adopted the pronouncement during the first quarter of 2018 and such adoption did not have a material 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 new standard was effective for the Company during the first quarter of 2018. The pronouncement can be applied retrospectively to prior reporting periods or on a modified retrospective basis through a cumulative-effect adjustment as of the date of adoption. The Company decided to adopt the pronouncement using the modified retrospective approach. Therefore, on January 1, 2018, the Company adjusted its accounting for certain discounts which are tied to the timing of payments by customers of its wholesale business and the Company recorded a cumulative-effect adjustment which reduced retained earnings by $46. Additionally, as of such date, the Company modified its accounting for certain metallic balloon sales of its wholesale segment and started to defer the recognition of revenue on such sales, and the related costs, until the balloons have been filled with helium. As a result, the Company recorded a cumulative-effect adjustment which increased retained earnings by $8. Finally, as of such date, the Company adjusted its accounting for certain discounts on wholesale sales of seasonal product and the Company recorded a cumulative-effect adjustment which reduced retained earnings by $40. See Note 14 for further discussion of the adoption of the pronouncement and the Company’s revenue recognition policy.
Industry Segments	Industry Segments The Company has two identifiable business segments. The Wholesale segment 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 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.
Fair Value Measurement	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.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: March 31, 2018 December 31, 2017 Finished goods $ 576,244 $ 562,809 Raw materials 31,504 30,346 Work in process 12,955 10,911 $ 620,703 $ 604,066

Changes in Accumulated Other 25

Changes in Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2018
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended March 31, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2017 $ (35,610 ) $ (208 ) $ (35,818 ) Other comprehensive income (loss) before reclassifications, net of income tax 5,406 (428 ) 4,978 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — 240 240 Net current-period other comprehensive income (loss) 5,406 (188 ) 5,218 Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Three Months Ended March 31, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2016 $ (53,171 ) $ 932 $ (52,239 ) Other comprehensive income (loss) before reclassifications, net of income tax 3,819 (287 ) 3,532 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — (324 ) (324 ) Net current-period other comprehensive income (loss) 3,819 (611 ) 3,208 Balance at March 31, 2017 $ (49,352 ) $ 321 $ (49,031 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended March 31, 2018 and March 31, 2017 was as follows: Wholesale Retail Consolidated Three Months Ended March 31, 2018 Revenues: Net sales $ 277,827 $ 363,576 $ 641,403 Royalties and franchise fees — 2,716 2,716 Total revenues 277,827 366,292 644,119 Eliminations (136,295 ) — (136,295 ) Net revenues $ 141,532 $ 366,292 $ 507,824 Income from operations $ 5,348 $ 16,908 $ 22,256 Interest expense, net 23,275 Other expense, net 848 Loss before income taxes $ (1,867 ) Wholesale Retail Consolidated Three Months Ended March 31, 2017 Revenues: Net sales $ 270,692 $ 339,269 $ 609,961 Royalties and franchise fees — 3,036 3,036 Total revenues 270,692 342,305 612,997 Eliminations (135,998 ) — (135,998 ) Net revenues $ 134,694 $ 342,305 $ 476,999 Income from operations $ 10,416 $ 4,255 $ 14,671 Interest expense, net 20,692 Other expense, net 1,162 Loss before income taxes $ (7,183 )

Derivative Financial Instrume27

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017: 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 March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 Foreign Exchange Contracts (a) PP $ 80 (a) PP $ 95 (b) AE $ 407 (b) AE $ 99 (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 March 31, 2018 and December 31, 2017: Derivative Instrument March 31, 2018 December 31, 2017 Foreign Exchange Contracts $ 35,129 $ 21,672

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of March 31, 2018 Derivative assets $ — $ 80 $ — $ 80 Derivative liabilities — 407 — 407 Kazzam liability — — 3,590 3,590 Punchbowl put liability — — 171 171 The following table shows assets and liabilities as of December 31, 2017 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of December 31, 2017 Derivative assets $ — $ 95 $ — $ 95 Derivative liabilities — 99 — 99 Kazzam liability — — 3,590 3,590 Punchbowl put liability — — 2,122 2,122
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 March 31, 2018 are as follows: March 31, 2018 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,194,526 $ 1,212,732 Senior Notes 345,574 356,500

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Reconciliation Between Basic and Diluted Income Per Share	A reconciliation between basic and diluted income per share is as follows: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Net loss attributable to Party City Holdco Inc. $ (1,133 ) $ (4,683 ) Weighted average shares - Basic 96,398,585 119,523,867 Effect of dilutive securities: Warrants — — Stock options — — Weighted average shares - Diluted 96,398,585 119,523,867 Net loss per common share - Basic $ (0.01 ) $ (0.04 ) Net loss per common share - Diluted $ (0.01 ) $ (0.04 )

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at March 31, 2018 and December 31, 2017 consisted of the following: March 31, 2018 December 31, 2017 Term Loan Credit Agreement $ 1,194,526 $ 1,196,505 Capital lease obligations 3,050 3,276 Senior Notes 345,574 345,368 Total long-term obligations 1,543,150 1,545,149 Less: current portion (12,931 ) (13,059 ) Long-term obligations, excluding current portion $ 1,530,219 $ 1,532,090

Revenue from Contracts with C31

Revenue from Contracts with Customers (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Summary of Revenue from Contracts with Customers	The following table summarizes revenue from contracts with customers for the three months ended March 31, 2018 and March 31, 2017: Three Months Ended March 31, 2018 Three Months Ended March 31, 2017 Retail Net Sales: Party City Stores $ 330,845 $ 305,014 Global E-commerce 32,731 34,255 Halloween City Stores — — Total Retail Net Sales $ 363,576 $ 339,269 Royalties and Franchise Fees 2,716 3,036 Total Retail Revenue $ 366,292 $ 342,305 Wholesale Net Sales: Domestic $ 79,559 $ 84,341 International 61,973 50,353 Total Wholesale Net Sales $ 141,532 $ 134,694 Total Consolidated Revenue $ 507,824 $ 476,999

Description of Business - Addit

Description of Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018outletCountryStore
Minimum [Member]
Basis Of Presentation [Line Items]
Number stores | outlet	40,000
Number of countries in which products available | Country	100
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 stores | Store	900

Basis of Presentation and Rec33

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2018	Mar. 31, 2018
Minimum [Member]
Significant Accounting Policies [Line Items]
Retail operations period of fiscal year		364 days
Retail operations period of fiscal quarter		91 days
Maximum [Member]
Significant Accounting Policies [Line Items]
Retail operations period of fiscal year		371 days
Retail operations period of fiscal quarter		98 days
Customer Payments [Member] | Accounting Standards Update 2014-09 [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings	$ (46)
Metallic Balloon Sales [Member] | Accounting Standards Update 2014-09 [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings	8
Discount Sale [Member] | Accounting Standards Update 2014-09 [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings	$ (40)

Inventories - Inventories (Deta

Inventories - Inventories (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Finished goods	$ 576,244	$ 562,809
Raw materials	31,504	30,346
Work in process	12,955	10,911
Inventories, net	$ 620,703	$ 604,066

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Taxes [Line Items]
U.S. corporate income tax rate			35.00%
Provisional income tax benefit related to remeasurement of domestic net deferred tax liabilities and deferred tax assets			$ 90,965
Net provisional income tax expense related to deemed repatriation of unremitted earnings of foreign subsidiaries			$ 1,132
Effective income tax rate	37.70%
Scenario, Forecast [Member]
Income Taxes [Line Items]
U.S. corporate income tax rate		21.00%

Changes in Accumulated Other 36

Changes in Accumulated Other Comprehensive Loss - Changes in Accumulated and Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 968,435
Ending balance	973,455
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(35,610)	$ (53,171)
Other comprehensive income (loss) before reclassifications, net of income tax	5,406	3,819
Net current-period other comprehensive income (loss)	5,406	3,819
Ending balance	(30,204)	(49,352)
Impact of Foreign Exchange Contracts, Net of Taxes [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(208)	932
Other comprehensive income (loss) before reclassifications, net of income tax	(428)	(287)
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax	240	(324)
Net current-period other comprehensive income (loss)	(188)	(611)
Ending balance	(396)	321
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(35,818)	(52,239)
Other comprehensive income (loss) before reclassifications, net of income tax	4,978	3,532
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax	240	(324)
Net current-period other comprehensive income (loss)	5,218	3,208
Ending balance	$ (30,600)	$ (49,031)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Class of Stock [Line Items]
Authorized capital stock	300,000,000
Common stock, par value | $ / shares	$ 0.01
Preferred stock, par value | $ / shares	$ 0.01
Authorized preferred stock	15,000,000
Common Stock [Member]
Class of Stock [Line Items]
Common stock issued due to stock option exercises	54,900

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018Segment
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
	Mar. 31, 2018	Mar. 31, 2017
Revenues:
Net sales	$ 505,108	$ 473,963
Royalties and franchise fees	2,716	3,036
Total revenues	507,824	476,999
Income from operations	22,256	14,671
Interest expense, net	23,275	20,692
Other expense, net	848	1,162
Loss before income taxes	(1,867)	(7,183)
Wholesale [Member]
Revenues:
Total revenues	141,532	134,694
Income from operations	5,348	10,416
Retail [Member]
Revenues:
Total revenues	366,292	342,305
Income from operations	16,908	4,255
Operating Segments [Member]
Revenues:
Net sales	641,403	609,961
Royalties and franchise fees	2,716	3,036
Total revenues	644,119	612,997
Operating Segments [Member] | Wholesale [Member]
Revenues:
Net sales	277,827	270,692
Total revenues	277,827	270,692
Operating Segments [Member] | Retail [Member]
Revenues:
Net sales	363,576	339,269
Royalties and franchise fees	2,716	3,036
Total revenues	366,292	342,305
Eliminations [Member]
Revenues:
Total revenues	(136,295)	(135,998)
Eliminations [Member] | Wholesale [Member]
Revenues:
Total revenues	$ (136,295)	$ (135,998)

Derivative Financial Instrume40

Derivative Financial Instruments - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018
Derivative [Line Items]
Foreign currency exchange contracts reclassified date	2019-06
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 Instrume41

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) - Foreign Exchange Contracts [Member] - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 80	$ 95
Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 407	$ 99

Derivative Financial Instrume42

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Notional amounts	$ 35,129,000	$ 21,672,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2017
Variable Interest Entity, Not Primary Beneficiary [Member] | Ampology [Member] | Kazzam LLC [Member]
Debt Instrument [Line Items]
Variable interest entity ownership percentage	70.00%
Punchbowl Inc [Member]
Debt Instrument [Line Items]
Equity method investment, ownership percentage	28.00%

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	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 80	$ 95
Derivative liabilities	407	99
Punchbowl Inc [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	171	2,122
Kazzam LLC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	3,590	3,590
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	80	95
Derivative liabilities	407	99
Level 3 [Member] | Punchbowl Inc [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	171	2,122
Level 3 [Member] | Kazzam LLC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 3,590	$ 3,590

Fair Value Measurements - Sum45

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 345,574
Debt Instrument Fair Value	356,500
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	1,194,526
Debt Instrument Fair Value	$ 1,212,732

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Reconciliation Between Basic and Diluted Income Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net loss attributable to Party City Holdco Inc.	$ (1,133)	$ (4,683)
Weighted average shares - Basic	96,398,585	119,523,867
Effect of dilutive securities:
Warrants	0	0
Stock options	0	0
Weighted average shares - Diluted	96,398,585	119,523,867
Net loss per common share - Basic	$ (0.01)	$ (0.04)
Net loss per common share - Diluted	$ (0.01)	$ (0.04)

Earnings Per share - Additional

Earnings Per share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	4,275,789	4,640,205
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	596,000	0

Long-Term Obligations - Summary

Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total long-term obligations	$ 1,543,150	$ 1,545,149
Less: current portion	(12,931)	(13,059)
Long-term obligations, excluding current portion	1,530,219	1,532,090
Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term obligations	345,574	345,368
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations	3,050	3,276
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 1,194,526	$ 1,196,505

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Detail) - Term Loan Credit Agreement [Member] - Secured Debt [Member] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 28, 2018	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Percentage of voluntary prepayments	1.00%
Banker and legal fees		$ 856
Other Expense [Member]
Debt Instrument [Line Items]
Wrote-off of deferred financing costs		186
Wrote-off of capitalized original issue discount		102
Wrote-off of capitalized call premium		58
Banker and legal fees		$ 800
Maximum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio	3.2
Minimum [Member]
Debt Instrument [Line Items]
Senior secured leverage ratio	1
Alternate Base Interest Rate Loans [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%		2.00%
Debt instrument interest rate increase decrease	1.50%
LIBOR [Member]
Debt Instrument [Line Items]
Basis spread on variable rate	2.75%		3.00%
Debt instrument interest rate increase decrease	2.50%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2018USD ($)Franchised_StoresStores	Dec. 31, 2017
Granmark [Member]
Business Acquisition [Line Items]
Business combination, acquisition percentage		85.00%
Business combination, percentage of remaining interest	15.00%
Business combination, period to acquire remaining interest	5 years
Liability recorded for the estimated purchase price of remaining interest to be acquired	$ 3,106,000
Print Appeal Inc [Member]
Business Acquisition [Line Items]
Business combination, acquisition percentage		60.00%
Business combination, percentage of remaining interest	40.00%
Business combination, period to acquire remaining interest	5 years
Estimated purchase price interest	$ 2,679,000
Maryland [Member]
Business Acquisition [Line Items]
Number of franchise stores acquired | Franchised_Stores	11
Total consideration amount	$ 14,000,000
TEXAS [Member]
Business Acquisition [Line Items]
Total consideration amount	$ 6,000,000
Number of independent stores to be acquired | Stores	11
Period which control over acquired stores	1 year

Revenue from Contracts with C51

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Jan. 01, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Increase (decrease) in retained earnings	$ 371,385			$ 372,596
Increase (decrease) in accounts receivables	130,946			140,980
Increase (decrease) in inventory	620,703			604,066
Increase (decrease) in accrued expense	167,078			176,609
Increase (decrease) in income tax payable	39,163			$ 45,568
Increase (decrease) in pre-tax income	(1,867)	$ (7,183)
Short-term Contract with Customer [Member]
Disaggregation of Revenue [Line Items]
Impairment losses recognized on receivables and contract assets	$ 350	$ 230
Contract with an original expected duration	One year or less
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
Disaggregation of Revenue [Line Items]
Increase (decrease) in retained earnings			$ (78)
Increase (decrease) in accounts receivables			(141)
Increase (decrease) in inventory			11
Increase (decrease) in accrued expense			(26)
Increase (decrease) in deferred tax asset			28
Increase (decrease) in income tax payable			$ 2
Increase (decrease) in pre-tax income	$ 13
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue, information used to determine transaction price	The transaction price for the overwhelming 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.
Retail Segment [Member] | Minimum [Member]
Disaggregation of Revenue [Line Items]
Royalty fee percentage	4.00%
Retail Segment [Member] | Maximum [Member]
Disaggregation of Revenue [Line Items]
Royalty fee percentage	6.00%
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Revenue, information used to allocate transaction price	The determination of the transaction price is straight-forward as it is fixed based on the contract and/or purchase order. However, a limited number of customers receive volume-based rebates. Additionally, certain customers receive small discounts for early payment (generally 1% of the transaction price).
Percentage of discount of transaction price on early payment	1.00%
Wholesale Segment [Member] | Minimum [Member]
Disaggregation of Revenue [Line Items]
Revenue recognition period	30 days
Wholesale Segment [Member] | Maximum [Member]
Disaggregation of Revenue [Line Items]
Revenue recognition period	120 days

Revenue from Contracts with C52

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 505,108	$ 473,963
Royalties and franchise fees	2,716	3,036
Total revenues	507,824	476,999
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	363,576	339,269
Royalties and franchise fees	2,716	3,036
Total revenues	366,292	342,305
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	141,532	134,694
Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	330,845	305,014
Global E-commerce [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	32,731	34,255
Domestic [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	79,559	84,341
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 61,973	$ 50,353

Cash, Cash Equivalents and Re53

Cash, Cash Equivalents and Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 54,980	$ 40,512	$ 54,408	$ 64,765
Net cash inflow	923	(555)
Cash and cash equivalents	54,831		54,291
Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Net cash inflow		555
Scenario, Previously Reported [Member] | Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Net cash inflow		565
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 149		$ 117
Cash [Member] | Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash		$ 145		$ 155

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - American Greetings Corporation [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Other Related Party Transactions [Line Items]
Sales to related party	$ 3,807	$ 4,759
Purchases from related party	$ 870	$ 929