Party City Holdco (PRTYQ) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Jul. 25, 2018
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
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	Accelerated Filer
Entity Common Stock, Shares Outstanding		96,477,447

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 51,461	$ 54,291
Accounts receivable, net	130,067	140,980
Inventories, net	673,676	604,066
Prepaid expenses and other current assets	86,043	77,816
Total current assets	941,247	877,153
Property, plant and equipment, net	311,572	301,141
Goodwill	1,627,851	1,619,253
Trade names	568,422	568,681
Other intangible assets, net	71,587	75,704
Other assets, net	11,705	12,824
Total assets	3,532,384	3,454,756
Current liabilities:
Loans and notes payable	379,519	286,291
Accounts payable	175,449	160,994
Accrued expenses	164,043	176,609
Income taxes payable	6,541	45,568
Current portion of long-term obligations	13,049	13,059
Total current liabilities	738,601	682,521
Long-term obligations, excluding current portion	1,528,263	1,532,090
Deferred income tax liabilities	177,891	175,836
Deferred rent and other long-term liabilities	89,742	91,929
Total liabilities	2,534,497	2,482,376
Redeemable securities	3,219	3,590
Commitments and contingencies
Stockholders' equity:
Common stock (96,474,228 and 96,380,102 shares outstanding and 119,853,795 and 119,759,669 shares issued at June 30, 2018 and December 31, 2017, respectively)	1,199	1,198
Additional paid-in capital	919,845	917,192
Retained earnings	399,872	372,596
Accumulated other comprehensive loss	(39,797)	(35,818)
Total Party City Holdco Inc. stockholders' equity before common stock held in treasury	1,281,119	1,255,168
Less: Common stock held in treasury, at cost (23,379,567 shares at June 30, 2018 and December 31, 2017)	(286,733)	(286,733)
Total Party City Holdco Inc. stockholders' equity	994,386	968,435
Noncontrolling interests	282	355
Total stockholders' equity	994,668	968,790
Total liabilities, redeemable securities and stockholders' equity	$ 3,532,384	$ 3,454,756

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Common stock, shares outstanding	96,474,228	96,380,102
Common stock, shares issued	119,853,795	119,759,669
Treasury stock, shares	23,379,567	23,379,567

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Total revenues	$ 561,011	$ 544,878	$ 1,068,835	$ 1,021,877
Expenses:
Cost of sales	329,477	321,900	646,443	620,619
Wholesale selling expenses	17,256	16,045	36,043	31,672
Retail operating expenses	92,094	90,512	181,186	181,242
Franchise expenses	3,980	3,713	7,762	7,030
General and administrative expenses	45,326	39,655	93,991	87,792
Art and development costs	5,732	5,942	11,705	11,740
Development stage expenses	1,695	6,412	3,998	6,412
Total expenses	495,560	484,179	981,128	946,507
Income from operations	65,451	60,699	87,707	75,370
Interest expense, net	25,501	21,294	48,776	41,986
Other expense (income), net	2,532	(895)	3,380	267
Income before income taxes	37,418	40,300	35,551	33,117
Income tax expense	9,370	15,318	8,666	12,818
Net income	28,048	24,982	26,885	20,299
Add: Net income attributable to redeemable securities holder	410		410
Less: Net loss attributable to noncontrolling interests	(29)		(59)
Net income attributable to common shareholders of Party City Holdco Inc.	$ 28,487	$ 24,982	$ 27,354	$ 20,299
Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic	$ 0.30	$ 0.21	$ 0.28	$ 0.17
Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted	$ 0.29	$ 0.21	$ 0.28	$ 0.17
Weighted-average number of common shares-Basic	96,453,884	119,528,147	96,426,235	119,526,007
Weighted-average number of common shares-Diluted	97,688,233	120,943,745	97,669,309	120,903,032
Dividends declared per share	$ 0	$ 0	$ 0	$ 0
Comprehensive income	$ 18,825	$ 31,985	$ 22,892	$ 30,510
Add: Comprehensive income attributable to redeemable securities holder	410		410
Less: Comprehensive loss attributable to noncontrolling interests	(55)		(73)
Comprehensive income attributable to common shareholders of Party City Holdco Inc.	19,290	31,985	23,375	30,510
Net Sales [Member]
Revenues:
Revenues	558,101	541,653	1,063,209	1,015,616
Royalties and Franchise Fees [Member]
Revenues:
Revenues	$ 2,910	$ 3,225	$ 5,626	$ 6,261

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 30, 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 income	26,885			26,944		26,944		26,944	(59)
Net income attributable to redeemable securities holder	410			410		410		410
Stock option expense	942		942			942		942
Restricted stock units - time-based	252		252			252		252
Restricted stock units - performance-based	593		593			593		593
Director - non-cash compensation	59		59			59		59
Warrant expense	326		326			326		326
Exercise of stock options	482	1	481			482		482
Foreign currency adjustments	(5,321)				(5,307)	(5,307)		(5,307)	(14)
Impact of foreign exchange contracts, net	1,328				1,328	1,328		1,328
Balance at Jun. 30, 2018	$ 994,668	$ 1,199	$ 919,845	$ 399,872	$ (39,797)	$ 1,281,119	$ (286,733)	$ 994,386	$ 282

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows (used in) provided by operating activities:
Net income	$ 26,885	$ 20,299
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization expense	40,812	41,825
Amortization of deferred financing costs and original issuance discounts	2,766	2,459
Provision for doubtful accounts	304	419
Deferred income tax expense	1,443	1,713
Deferred rent	1,155	2,915
Undistributed income in unconsolidated joint ventures	(301)	(226)
Loss on disposal of assets	24	528
Non-employee equity based compensation	365	3,265
Stock option expense	942	3,222
Restricted stock units - time-based	252
Restricted stock units - performance-based	593
Director - non-cash compensation	59
Changes in operating assets and liabilities, net of effects of acquired businesses:
Decrease in accounts receivable	8,791	20,823
Increase in inventories	(68,741)	(5,328)
(Increase) decrease in prepaid expenses and other current assets	(9,137)	866
Decrease in accounts payable, accrued expenses and income taxes payable	(29,220)	(40,462)
Net cash (used in) provided by operating activities	(23,008)	52,318
Cash flows used in investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(21,325)	(70,547)
Capital expenditures	(44,406)	(30,854)
Proceeds from disposal of property and equipment	21	5
Net cash used in investing activities	(65,710)	(101,396)
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(26,062)	(76,978)
Proceeds from loans, notes payable and long-term obligations	112,293	128,140
Exercise of stock options	482	67
Debt issuance costs	(56)
Net cash provided by financing activities	86,657	51,229
Effect of exchange rate changes on cash and cash equivalents	(780)	2,208
Net (decrease) increase in cash and cash equivalents and restricted cash	(2,841)	4,359
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	51,567	69,124
Cash paid during the period
Interest	49,489	34,770
Income taxes, net of refunds	$ 46,617	$ 49,588

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 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 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	6 Months Ended
	Jun. 30, 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 53-week 13-week 53-week 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 10-K Recently Issued Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, non-employee In August 2017, the FASB issued ASU 2017-12, In November 2016, the FASB issued ASU 2016-18, In August 2016, the FASB issued ASU 2016-15, In February 2016, the FASB issued ASU 2016-02, In January 2016, the FASB issued ASU 2016-01, In May 2014, the FASB issued ASU 2014-09,

Inventories

Inventories	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Note 3 – Inventories Inventories consisted of the following: June 30, 2018 December 31, 2017 Finished goods $ 628,823 $ 562,809 Raw materials 32,315 30,346 Work in process 12,538 10,911 $ 673,676 $ 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

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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 non-U.S. 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 The effective income tax rate for the six months ended June 30, 2018, 24.4%, is different from the statutory rate primarily due to state and foreign taxes.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 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 June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Other comprehensive (loss) income before reclassifications (10,713 ) 1,398 (9,315 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income — 118 118 Net current-period other comprehensive (loss) income (10,713 ) 1,516 (9,197 ) Balance at June 30, 2018 $ (40,917 ) $ 1,120 $ (39,797 ) Three Months Ended June 30, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at March 31, 2017 $ (49,352 ) $ 321 $ (49,031 ) Other comprehensive income (loss) before reclassifications 7,702 (509 ) 7,193 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income 0 (190 ) (190 ) Net current-period other comprehensive income (loss) 7,702 (699 ) 7,003 Balance at June 30, 2017 $ (41,650 ) $ (378 ) $ (42,028 ) Six Months Ended June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at December 31, 2017 $ (35,610 ) $ (208 ) $ (35,818 ) Other comprehensive (loss) income before reclassifications, net of income tax (5,307 ) 971 (4,336 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — 357 357 Net current-period other comprehensive (loss) income (5,307 ) 1,328 (3,979 ) Balance at June 30, 2018 $ (40,917 ) $ 1,120 $ (39,797 ) Six Months Ended June 30, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at December 31, 2016 $ (53,171 ) $ 932 $ (52,239 ) Other comprehensive income (loss) before reclassifications, net of income tax 11,521 (796 ) 10,725 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax 0 (514 ) (514 ) Net current-period other comprehensive income (loss) 11,521 (1,310 ) 10,211 Balance at June 30, 2017 $ (41,650 ) $ (378 ) $ (42,028 )

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2018
Federal Home Loan Banks [Abstract]
Capital Stock	Note 6 – Capital Stock At June 30, 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 six months ended June 30, 2018, 90,420 shares of common stock were issued due to stock option exercises and 3,706 shares were issued to directors of the Company.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 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 decorated 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, Halloween City and Toy City, and it operates e-commerce Wholesale Retail Consolidated Three Months Ended June 30, 2018 Revenues: Net sales $ 285,733 $ 411,353 $ 697,086 Royalties and franchise fees — 2,910 2,910 Total revenues 285,733 414,263 699,996 Eliminations (138,985 ) — (138,985 ) Net revenues $ 146,748 $ 414,263 $ 561,011 Income from operations $ 11,148 $ 54,303 $ 65,451 Interest expense, net 25,501 Other expense, net 2,532 Income before income taxes $ 37,418 Wholesale Retail Consolidated Three Months Ended June 30, 2017 Revenues: Net sales $ 276,705 $ 399,801 $ 676,506 Royalties and franchise fees 0 3,225 3,225 Total revenues 276,705 403,026 679,731 Eliminations (134,853 ) 0 (134,853 ) Net revenues $ 141,852 $ 403,026 $ 544,878 Income from operations $ 16,034 $ 44,665 $ 60,699 Interest expense, net 21,294 Other income, net (895 ) Income before income taxes $ 40,300 The Company’s industry segment data for the six months ended June 30, 2018 and June 30, 2017 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2018 Revenues: Net sales $ 563,560 $ 774,929 $ 1,338,489 Royalties and franchise fees — 5,626 5,626 Total revenues 563,560 780,555 1,344,115 Eliminations (275,280 ) — (275,280 ) Net revenues $ 288,280 $ 780,555 $ 1,068,835 Income from operations $ 16,496 $ 71,211 $ 87,707 Interest expense, net 48,776 Other expense, net 3,380 Income before income taxes $ 35,551 Wholesale Retail Consolidated Six Months Ended June 30, 2017 Revenues: Net sales $ 547,397 $ 739,070 $ 1,286,467 Royalties and franchise fees 0 6,261 6,261 Total revenues 547,397 745,331 1,292,728 Eliminations (270,851 ) 0 (270,851 ) Net revenues $ 276,546 $ 745,331 $ 1,021,877 Income from operations $ 26,450 $ 48,920 $ 75,370 Interest expense, net 41,986 Other expense, net 267 Income before income taxes $ 33,117

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2018 and the six months ended June 30, 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 June 30, 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 June 30, 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 June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Foreign Exchange Contracts (a ) PP $ 1,233 (a ) PP $ 95 (b ) AE $ — (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 June 30, 2018 and December 31, 2017: Derivative Instrument June 30, 2018 December 31, 2017 Foreign Exchange Contracts $ 23,586 $ 21,672

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 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 an ownership interest in Kazzam. The 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 June 30, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of Derivative assets $ — $ 1,233 $ — $ 1,233 Derivative liabilities — 0 — 0 Kazzam liability — — 3,219 3,219 Punchbowl put liability — — 268 268 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, a non-financial instrument the non-financial instrument the non-financial instrument The carrying amounts and fair values of borrowings under the Term Loan Credit Agreement and the Senior Notes as of June 30, 2018 are as follows: June 30, 2018 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,192,253 $ 1,203,242 Senior Notes 345,780 351,750 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, 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	6 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Note 11 – Earnings Per Share Basic earnings per share are computed by dividing net income attributable to common shareholders of Party City Holdco Inc. by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated based on the weighted average number of outstanding common shares plus the dilutive effect of stock options and warrants, as if they were exercised, and restricted stock units, as if they vested. A reconciliation between basic and diluted income per share is as follows: Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Net income attributable to common shareholders of Party City Holdco Inc. $ 28,487 $ 24,982 $ 27,354 $ 20,299 Weighted average shares - Basic 96,453,884 119,528,147 96,426,235 119,526,007 Effect of dilutive securities: Warrants — — — — Restricted stock units — — — — Stock options 1,234,350 1,415,598 1,243,074 1,377,025 Weighted average shares - Diluted 97,688,233 120,943,745 97,669,309 120,903,032 Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 0.30 $ 0.21 $ 0.28 $ 0.17 Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 0.29 $ 0.21 $ 0.28 $ 0.17 During the three months ended June 30, 2018 and June 30, 2017, 2,494,428 stock options and 2,417,613 stock options, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive. Additionally, during the three months ended June 30, 2018 and June 30, 2017, 596,000 warrants and 596,000 warrants, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive. Further, during the three months ended June 30, 2018 and June 30, 2017, 201,270 restricted stock units and 0 restricted stock units, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive. During the six months ended June 30, 2018 and June 30, 2017, 2,494,428 stock options and 2,417,613 stock options, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive. Additionally, during the six months ended June 30, 2018 and June 30, 2017, 596,000 warrants and 596,000 warrants, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive. Further, during the six months ended June 30, 2018 and June 30, 2017, 201,270 restricted stock units and 0 restricted stock units, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive.

Long-Term Obligations

Long-Term Obligations	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Long-Term Obligations	Note 12 – Long-Term Obligations Long-term obligations at June 30, 2018 and December 31, 2017 consisted of the following: June 30, 2018 December 31, 2017 Term Loan Credit Agreement $ 1,192,253 $ 1,196,505 Capital lease obligations 3,279 3,276 Senior Notes 345,780 345,368 Total long-term obligations 1,541,312 1,545,149 Less: current portion (13,049 ) (13,059 ) Long-term obligations, excluding current portion $ 1,528,263 $ 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. As the Term Loan Credit Agreement is a loan syndication, the Company assessed, on a creditor-by-creditor wrote-off

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 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, $2,840 at June 30, 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 $3,021 at June 30, 2018.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 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 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 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 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 one-time 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 and six months ended June 30, 2018 and June 30, 2017, impairment losses recognized on receivables and contract assets arising from the Company’s contracts with customers were immaterial. As a significant portion of the Company’s revenue is either: 1) part of a contract with an original expected duration of one year or less or 2) related to sales-based royalties promised in exchange for licenses of intellectual property, the Company has elected to apply the optional exemptions in paragraphs ASC 606-10-50-14 606-10-50-14A. 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 June 30, 2018 and June 30, 2017 and the six months ended June 30, 2018 and June 30, 2017: Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Retail Net Sales: Party City Stores $ 376,222 $ 363,872 $ 707,067 $ 668,886 Global E-commerce 35,131 35,929 67,862 70,184 Total Retail Net Sales $ 411,353 $ 399,801 $ 774,929 $ 739,070 Royalties and Franchise Fees 2,910 3,225 5,626 6,261 Total Retail Revenue $ 414,263 $ 403,026 $ 780,555 $ 745,331 Wholesale Net Sales: Domestic $ 79,397 $ 81,354 $ 158,956 $ 165,695 International 67,351 60,498 129,324 110,851 Total Wholesale Net Sales $ 146,748 $ 141,852 $ 288,280 $ 276,546 Total Consolidated Revenue $ 561,011 $ 544,878 $ 1,068,835 $ 1,021,877 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 and six months ended June 30, 2018 as it increased pre-tax pre-tax

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 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, As a result, the Company’s statement of cash flows for the six months ended June 30, 2017 has been adjusted to include $155 of restricted cash at December 31, 2016 and $106 of restricted cash at June 30, 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 six months ended June 30, 2017, the change in “prepaid expenses and other current assets” has been adjusted from a cash inflow of $915 to a cash inflow of $866. The Company’s June 30, 2018 consolidated balance sheet included $51,461 of cash and cash equivalents and $106 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	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Note 16 - Related Party Transactions 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	Note 17 – Subsequent Events During July 2018, the Company acquired an additional 16 franchise stores, which are located in Pennsylvania, for total consideration of approximately $18,800. During August 2018, the Company executed a refinancing of its debt portfolio and issued $500,000 of new senior notes at an interest rate of 6.625%. The notes will mature in August 2026. The Company used the proceeds from the notes to: (i) reduce the outstanding balance under its existing ABL Facility by $90,000 and (ii) voluntarily prepay $400,000 of the outstanding balance under its existing Term Loan Credit Agreement. Additionally, as part of the refinancing, the Company extended the maturity of the ABL Facility to August 2023.

Basis of Presentation and Rec24

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, non-employee In August 2017, the FASB issued ASU 2017-12, In November 2016, the FASB issued ASU 2016-18, In August 2016, the FASB issued ASU 2016-15, In February 2016, the FASB issued ASU 2016-02, In January 2016, the FASB issued ASU 2016-01, In May 2014, the FASB issued ASU 2014-09,
Industry Segments	Industry Segments The Company has two identifiable business segments. The Wholesale segment designs, manufactures, sources and distributes decorated 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, Halloween City and Toy City, and it operates e-commerce
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)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, 2018 December 31, 2017 Finished goods $ 628,823 $ 562,809 Raw materials 32,315 30,346 Work in process 12,538 10,911 $ 673,676 $ 604,066

Changes in Accumulated Other 26

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2018
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Other comprehensive (loss) income before reclassifications (10,713 ) 1,398 (9,315 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income — 118 118 Net current-period other comprehensive (loss) income (10,713 ) 1,516 (9,197 ) Balance at June 30, 2018 $ (40,917 ) $ 1,120 $ (39,797 ) Three Months Ended June 30, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at March 31, 2017 $ (49,352 ) $ 321 $ (49,031 ) Other comprehensive income (loss) before reclassifications 7,702 (509 ) 7,193 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income 0 (190 ) (190 ) Net current-period other comprehensive income (loss) 7,702 (699 ) 7,003 Balance at June 30, 2017 $ (41,650 ) $ (378 ) $ (42,028 ) Six Months Ended June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at December 31, 2017 $ (35,610 ) $ (208 ) $ (35,818 ) Other comprehensive (loss) income before reclassifications, net of income tax (5,307 ) 971 (4,336 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — 357 357 Net current-period other comprehensive (loss) income (5,307 ) 1,328 (3,979 ) Balance at June 30, 2018 $ (40,917 ) $ 1,120 $ (39,797 ) Six Months Ended June 30, 2017 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net Balance at December 31, 2016 $ (53,171 ) $ 932 $ (52,239 ) Other comprehensive income (loss) before reclassifications, net of income tax 11,521 (796 ) 10,725 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax 0 (514 ) (514 ) Net current-period other comprehensive income (loss) 11,521 (1,310 ) 10,211 Balance at June 30, 2017 $ (41,650 ) $ (378 ) $ (42,028 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended June 30, 2018 and June 30, 2017 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2018 Revenues: Net sales $ 285,733 $ 411,353 $ 697,086 Royalties and franchise fees — 2,910 2,910 Total revenues 285,733 414,263 699,996 Eliminations (138,985 ) — (138,985 ) Net revenues $ 146,748 $ 414,263 $ 561,011 Income from operations $ 11,148 $ 54,303 $ 65,451 Interest expense, net 25,501 Other expense, net 2,532 Income before income taxes $ 37,418 Wholesale Retail Consolidated Three Months Ended June 30, 2017 Revenues: Net sales $ 276,705 $ 399,801 $ 676,506 Royalties and franchise fees 0 3,225 3,225 Total revenues 276,705 403,026 679,731 Eliminations (134,853 ) 0 (134,853 ) Net revenues $ 141,852 $ 403,026 $ 544,878 Income from operations $ 16,034 $ 44,665 $ 60,699 Interest expense, net 21,294 Other income, net (895 ) Income before income taxes $ 40,300 The Company’s industry segment data for the six months ended June 30, 2018 and June 30, 2017 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2018 Revenues: Net sales $ 563,560 $ 774,929 $ 1,338,489 Royalties and franchise fees — 5,626 5,626 Total revenues 563,560 780,555 1,344,115 Eliminations (275,280 ) — (275,280 ) Net revenues $ 288,280 $ 780,555 $ 1,068,835 Income from operations $ 16,496 $ 71,211 $ 87,707 Interest expense, net 48,776 Other expense, net 3,380 Income before income taxes $ 35,551 Wholesale Retail Consolidated Six Months Ended June 30, 2017 Revenues: Net sales $ 547,397 $ 739,070 $ 1,286,467 Royalties and franchise fees 0 6,261 6,261 Total revenues 547,397 745,331 1,292,728 Eliminations (270,851 ) 0 (270,851 ) Net revenues $ 276,546 $ 745,331 $ 1,021,877 Income from operations $ 26,450 $ 48,920 $ 75,370 Interest expense, net 41,986 Other expense, net 267 Income before income taxes $ 33,117

Derivative Financial Instrume28

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Foreign Exchange Contracts (a ) PP $ 1,233 (a ) PP $ 95 (b ) AE $ — (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 June 30, 2018 and December 31, 2017: Derivative Instrument June 30, 2018 December 31, 2017 Foreign Exchange Contracts $ 23,586 $ 21,672

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of Derivative assets $ — $ 1,233 $ — $ 1,233 Derivative liabilities — 0 — 0 Kazzam liability — — 3,219 3,219 Punchbowl put liability — — 268 268 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 June 30, 2018 are as follows: June 30, 2018 Carrying Amount Fair Value Term Loan Credit Agreement $ 1,192,253 $ 1,203,242 Senior Notes 345,780 351,750

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 Three Months Ended June 30, 2017 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Net income attributable to common shareholders of Party City Holdco Inc. $ 28,487 $ 24,982 $ 27,354 $ 20,299 Weighted average shares - Basic 96,453,884 119,528,147 96,426,235 119,526,007 Effect of dilutive securities: Warrants — — — — Restricted stock units — — — — Stock options 1,234,350 1,415,598 1,243,074 1,377,025 Weighted average shares - Diluted 97,688,233 120,943,745 97,669,309 120,903,032 Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 0.30 $ 0.21 $ 0.28 $ 0.17 Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 0.29 $ 0.21 $ 0.28 $ 0.17

Long-Term Obligations (Tables)

Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at June 30, 2018 and December 31, 2017 consisted of the following: June 30, 2018 December 31, 2017 Term Loan Credit Agreement $ 1,192,253 $ 1,196,505 Capital lease obligations 3,279 3,276 Senior Notes 345,780 345,368 Total long-term obligations 1,541,312 1,545,149 Less: current portion (13,049 ) (13,059 ) Long-term obligations, excluding current portion $ 1,528,263 $ 1,532,090

Revenue from Contracts with C32

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 and June 30, 2017 and the six months ended June 30, 2018 and June 30, 2017: Three Months Ended June 30, 2018 Three Months Ended June 30, 2017 Six Months Ended June 30, 2018 Six Months Ended June 30, 2017 Retail Net Sales: Party City Stores $ 376,222 $ 363,872 $ 707,067 $ 668,886 Global E-commerce 35,131 35,929 67,862 70,184 Total Retail Net Sales $ 411,353 $ 399,801 $ 774,929 $ 739,070 Royalties and Franchise Fees 2,910 3,225 5,626 6,261 Total Retail Revenue $ 414,263 $ 403,026 $ 780,555 $ 745,331 Wholesale Net Sales: Domestic $ 79,397 $ 81,354 $ 158,956 $ 165,695 International 67,351 60,498 129,324 110,851 Total Wholesale Net Sales $ 146,748 $ 141,852 $ 288,280 $ 276,546 Total Consolidated Revenue $ 561,011 $ 544,878 $ 1,068,835 $ 1,021,877

Description of Business - Addit

Description of Business - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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 Rec34

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2018	Jun. 30, 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	Jun. 30, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Finished goods	$ 628,823	$ 562,809
Raw materials	32,315	30,346
Work in process	12,538	10,911
Inventories, net	$ 673,676	$ 604,066

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	24.40%
Scenario, Forecast [Member]
Income Taxes [Line Items]
U.S. corporate income tax rate		21.00%

Changes in Accumulated Other 37

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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 968,435
Ending balance	$ 994,386		994,386
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(30,204)	$ (49,352)	(35,610)	$ (53,171)
Other comprehensive (loss) income before reclassifications, net of income tax	(10,713)	7,702	(5,307)	11,521
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax		0		0
Net current-period other comprehensive (loss) income	(10,713)	7,702	(5,307)	11,521
Ending balance	(40,917)	(41,650)	(40,917)	(41,650)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(396)	321	(208)	932
Other comprehensive (loss) income before reclassifications, net of income tax	1,398	(509)	971	(796)
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax	118	(190)	357	(514)
Net current-period other comprehensive (loss) income	1,516	(699)	1,328	(1,310)
Ending balance	1,120	(378)	1,120	(378)
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(30,600)	(49,031)	(35,818)	(52,239)
Other comprehensive (loss) income before reclassifications, net of income tax	(9,315)	7,193	(4,336)	10,725
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax	118	(190)	357	(514)
Net current-period other comprehensive (loss) income	(9,197)	7,003	(3,979)	10,211
Ending balance	$ (39,797)	$ (42,028)	$ (39,797)	$ (42,028)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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
Directors [Member]
Class of Stock [Line Items]
Common stock issued due to stock option exercises	3,706
Common Stock [Member]
Class of Stock [Line Items]
Common stock issued due to stock option exercises	90,420

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Total revenues	$ 561,011	$ 544,878	$ 1,068,835	$ 1,021,877
Income from operations	65,451	60,699	87,707	75,370
Interest expense, net	25,501	21,294	48,776	41,986
Other income (expense), net	2,532	(895)	3,380	267
Income (loss) before income taxes	37,418	40,300	35,551	33,117
Net Sales [Member]
Revenues:
Revenues	558,101	541,653	1,063,209	1,015,616
Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,910	3,225	5,626	6,261
Wholesale [Member]
Revenues:
Total revenues	146,748	141,852	288,280	276,546
Income from operations	11,148	16,034	16,496	26,450
Retail [Member]
Revenues:
Total revenues	414,263	403,026	780,555	745,331
Income from operations	54,303	44,665	71,211	48,920
Operating Segments [Member]
Revenues:
Total revenues	699,996	679,731	1,344,115	1,292,728
Operating Segments [Member] | Net Sales [Member]
Revenues:
Revenues	697,086	676,506	1,338,489	1,286,467
Operating Segments [Member] | Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,910	3,225	5,626	6,261
Operating Segments [Member] | Wholesale [Member]
Revenues:
Total revenues	285,733	276,705	563,560	547,397
Operating Segments [Member] | Wholesale [Member] | Net Sales [Member]
Revenues:
Revenues	285,733	276,705	563,560	547,397
Operating Segments [Member] | Wholesale [Member] | Royalties and Franchise Fees [Member]
Revenues:
Revenues		0		0
Operating Segments [Member] | Retail [Member]
Revenues:
Total revenues	414,263	403,026	780,555	745,331
Operating Segments [Member] | Retail [Member] | Net Sales [Member]
Revenues:
Revenues	411,353	399,801	774,929	739,070
Operating Segments [Member] | Retail [Member] | Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,910	3,225	5,626	6,261
Eliminations [Member]
Revenues:
Total revenues	(138,985)	(134,853)	(275,280)	(270,851)
Eliminations [Member] | Wholesale [Member]
Revenues:
Total revenues	$ (138,985)	(134,853)	$ (275,280)	(270,851)
Eliminations [Member] | Retail [Member]
Revenues:
Total revenues		$ 0		$ 0

Derivative Financial Instrume41

Derivative Financial Instruments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 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 Instrume42

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) - Foreign Exchange Contracts [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 1,233	$ 95
Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities		$ 99

Derivative Financial Instrume43

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Notional amounts	$ 23,586,000	$ 21,672,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	Dec. 31, 2017
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	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 1,233	$ 95
Derivative liabilities	0	99
Punchbowl Inc [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	268	2,122
Kazzam LLC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	3,219	3,590
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	1,233	95
Derivative liabilities	0	99
Level 3 [Member] | Punchbowl Inc [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	268	2,122
Level 3 [Member] | Kazzam LLC [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 3,219	$ 3,590

Fair Value Measurements - Sum46

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Jun. 30, 2018USD ($)
Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 345,780
Debt Instrument Fair Value	351,750
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	1,192,253
Debt Instrument Fair Value	$ 1,203,242

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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Net income attributable to common shareholders of Party City Holdco Inc.	$ 28,487	$ 24,982	$ 27,354	$ 20,299
Weighted average shares - Basic	96,453,884	119,528,147	96,426,235	119,526,007
Effect of dilutive securities:
Warrants	0	0	0	0
Restricted stock units	0	0	0	0
Stock options	1,234,350	1,415,598	1,243,074	1,377,025
Weighted average shares - Diluted	97,688,233	120,943,745	97,669,309	120,903,032
Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic	$ 0.30	$ 0.21	$ 0.28	$ 0.17
Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted	$ 0.29	$ 0.21	$ 0.28	$ 0.17

Earnings Per share - Additional

Earnings Per share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	2,494,428	2,417,613	2,494,428	2,417,613
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	596,000	596,000	596,000	596,000
Restricted Stock Units (RSUs) [Member]
Earnings Per Share Basic And Diluted [Line Items]
Antidilutive securities excluded from calculation of earnings per share	201,270	0	201,270	0

Long-Term Obligations - Summary

Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Total long-term obligations	$ 1,541,312	$ 1,545,149
Less: current portion	(13,049)	(13,059)
Long-term obligations, excluding current portion	1,528,263	1,532,090
Senior Notes [Member]
Debt Instrument [Line Items]
Total long-term obligations	345,780	345,368
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations	3,279	3,276
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 1,192,253	$ 1,196,505

Long-Term Obligations - Additio

Long-Term Obligations - Additional Information (Detail) - Term Loan Credit Agreement [Member] - Secured Debt [Member] $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Feb. 28, 2018	Mar. 31, 2018USD ($)	Dec. 31, 2017
Debt Instrument [Line Items]
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	6 Months Ended
	Mar. 31, 2018USD ($)Franchised_StoresStores	Jun. 30, 2018USD ($)	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		$ 2,840,000
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		$ 3,021,000
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 C52

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jan. 01, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Increase (decrease) in retained earnings	$ 399,872		$ 399,872			$ 372,596
Increase (decrease) in accounts receivables	130,067		130,067			140,980
Increase (decrease) in inventory	673,676		673,676			604,066
Increase (decrease) in accrued expense	164,043		164,043			176,609
Increase (decrease) in income tax payable	6,541		6,541			$ 45,568
Increase (decrease) in pre-tax income	37,418	$ 40,300	$ 35,551	$ 33,117
Short-term Contract with Customer [Member]
Disaggregation of Revenue [Line Items]
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	$ 26		$ 39
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		30 days
Wholesale Segment [Member] | Maximum [Member]
Disaggregation of Revenue [Line Items]
Revenue recognition period	120 days		120 days

Revenue from Contracts with C53

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 561,011	$ 544,878	$ 1,068,835	$ 1,021,877
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	414,263	403,026	780,555	745,331
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	146,748	141,852	288,280	276,546
Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	376,222	363,872	707,067	668,886
Global E-commerce [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	35,131	35,929	67,862	70,184
Domestic [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	79,397	81,354	158,956	165,695
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	67,351	60,498	129,324	110,851
Net Sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	558,101	541,653	1,063,209	1,015,616
Net Sales [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	411,353	399,801	774,929	739,070
Royalties and Franchise Fees [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,910	3,225	5,626	6,261
Royalties and Franchise Fees [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 2,910	$ 3,225	$ 5,626	$ 6,261

Cash, Cash Equivalents and Re54

Cash, Cash Equivalents and Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2016
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 51,567	$ 69,124	$ 54,408	$ 64,765
Net cash inflow	9,137	(866)
Cash and cash equivalents	51,461		54,291
Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Net cash inflow		866
Previously Reported [Member] | Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Net cash inflow		915
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 106		$ 117
Cash [Member] | Accounting Standards Update 2016-18 [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash		$ 106		$ 155

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] $ in Thousands	Aug. 09, 2018USD ($)	Jul. 31, 2018USD ($)Franchised_Stores
Subsequent Event [Line Items]
Senior notes issued	$ 500,000
ABL Facility [Member]
Subsequent Event [Line Items]
Debt instrument maturity date	Aug. 31, 2023
Outstanding balance under credit facility	$ 90,000
Term Loan Credit Agreement [Member]
Subsequent Event [Line Items]
Outstanding balance under credit facility	$ 400,000
Senior Notes [Member]
Subsequent Event [Line Items]
Notes issued rate	6.625%
Debt instrument maturity date	Aug. 31, 2026
Pennsylvania [Member]
Subsequent Event [Line Items]
Number of franchise stores acquired | Franchised_Stores		16
Total consideration amount		$ 18,800