Party City Holdco (PRTYQ) 10-Q 9 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 25, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Year Focus	2019
Document Period End Date	Jun. 30, 2019
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Registrant Name	Party City Holdco Inc.
Entity Central Index Key	0001592058
Trading Symbol	PRTY
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		94,437,133
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-37344
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0539758
Entity Address, Address Line One	80 Grasslands Road
Entity Address, State or Province	NY
City Area Code	914
Local Phone Number	345-2020
Entity Address, Postal Zip Code	10523
Entity Address, City or Town	Elmsford
Entity Shell Company	false
Security Exchange Name	NYSE
Title of 12(b) Security	Common Stock

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 47,131	$ 58,909
Accounts receivable, net	140,070	146,983
Inventories, net	788,097	756,038
Prepaid expenses and other current assets	66,707	61,905
Total current assets	1,042,005	1,023,835
Property, plant and equipment, net	257,395	321,044
Operating lease asset	869,345
Goodwill	1,659,653	1,656,950
Trade names	568,014	568,031
Other intangible assets, net	49,663	60,164
Other assets, net	12,894	12,323
Total assets	4,458,969	3,642,347
Current liabilities:
Loans and notes payable	307,379	302,751
Accounts payable	159,515	208,149
Accrued expenses	151,459	161,228
Current portion of operating lease liability	145,472
Income taxes payable	10,279	25,993
Current portion of long-term obligations	76,251	13,316
Total current liabilities	850,355	711,437
Long-term obligations, excluding current portion	1,565,315	1,621,963
Long-term portion of operating lease liability	793,976
Deferred income tax liabilities, net	163,657	174,427
Other long-term liabilities	13,228	87,548
Total liabilities	3,386,531	2,595,375
Redeemable securities	3,351	3,351
Commitments and contingencies
Stockholders' equity:
Common stock (94,501,055 and 93,622,934 shares outstanding and 121,681,959 and 120,788,159 shares issued at June 30, 2019 and December 31, 2018, respectively)	1,210	1,208
Additional paid-in capital	926,838	922,476
Retained earnings	513,130	495,777
Accumulated other comprehensive loss	(45,216)	(49,201)
Total Party City Holdco Inc. stockholders' equity before common stock held in treasury	1,395,962	1,370,260
Less: Common stock held in treasury, at cost (27,180,904 and 27,165,225 shares at June 30, 2019 and December 31, 2018)	(327,086)	(326,930)
Total Party City Holdco Inc. stockholders' equity	1,068,876	1,043,330
Noncontrolling interests	211	291
Total stockholders' equity	1,069,087	1,043,621
Total liabilities, redeemable securities and stockholders' equity	$ 4,458,969	$ 3,642,347

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Common stock, shares outstanding	94,501,055	93,622,934
Common stock, shares issued	121,681,959	120,788,159
Treasury stock, shares	27,180,904	27,165,225

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenues	$ 563,891	$ 561,011	$ 1,077,007	$ 1,068,835
Cost of sales	353,056	329,477	692,098	646,443
Wholesale selling expenses	16,884	17,256	34,845	36,043
Retail operating expenses	96,143	92,094	191,161	181,186
Franchise expenses	3,236	3,980	6,539	7,762
General and administrative expenses	41,510	45,326	83,435	93,991
Art and development costs	5,712	5,732	11,641	11,705
Development stage expenses	3,012	1,695	5,238	3,998
Gain on sale/leaseback transaction	(58,381)		(58,381)
Store impairment and restructuring charges	5,234		23,243
Total expenses	466,406	495,560	989,819	981,128
Income from operations	97,485	65,451	87,188	87,707
Interest expense, net	30,176	25,501	59,433	48,776
Other expense, net	3,342	2,532	4,596	3,380
Income before income taxes	63,967	37,418	23,159	35,551
Income tax expense	15,962	9,370	5,443	8,666
Net income	48,005	28,048	17,716	26,885
Add: Net income attributable to redeemable securities holder		410		410
Less: Net loss attributable to noncontrolling interests	(69)	(29)	(140)	(59)
Net income attributable to common shareholders of Party City Holdco Inc.	$ 48,074	$ 28,487	$ 17,856	$ 27,354
Net income per share attributable to common shareholders of Party City Holdco Inc.–Basic	$ 0.52	$ 0.30	$ 0.19	$ 0.28
Net income per share attributable to common shareholders of Party City Holdco Inc.–Diluted	$ 0.51	$ 0.29	$ 0.19	$ 0.28
Weighted-average number of common shares-Basic	93,293,176	96,453,884	93,233,865	96,426,235
Weighted-average number of common shares-Diluted	93,703,546	97,688,233	93,791,763	97,669,309
Dividends declared per share	$ 0	$ 0	$ 0	$ 0
Comprehensive income	$ 48,327	$ 18,825	$ 21,690	$ 22,892
Add: Comprehensive income attributable to redeemable securities holder		410		410
Less: Comprehensive loss attributable to noncontrolling interests	(89)	(55)	(151)	(73)
Comprehensive income attributable to common shareholders of Party City Holdco Inc.	48,416	19,290	21,841	23,375
Net Sales [Member]
Revenues:
Revenues	561,702	558,101	1,072,804	1,063,209
Royalties and Franchise Fees [Member]
Revenues:
Revenues	$ 2,189	$ 2,910	$ 4,203	$ 5,626

Condensed Consolidated Statemen

Condensed Consolidated Statements of Stockholders' Equity - 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, 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 (loss)	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
Balance at Mar. 31, 2018	973,792	1,198	918,205	371,385	(30,600)	1,260,188	(286,733)	973,455	337
Net income (loss)	28,048			28,077		28,077		28,077	(29)
Net income attributable to redeemable securities holder	410			410		410		410
Stock option expense	482		482			482		482
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	65		65			65		65
Exercise of stock options	190	1	189			190		190
Foreign currency adjustments	(10,739)				(10,713)	(10,713)		(10,713)	(26)
Impact of foreign exchange contracts, net	1,516				1,516	1,516		1,516
Balance at Jun. 30, 2018	994,668	1,199	919,845	399,872	(39,797)	1,281,119	(286,733)	994,386	282
Balance at Dec. 31, 2018	1,043,621	1,208	922,476	495,777	(49,201)	1,370,260	(326,930)	1,043,330	291
Cumulative effect of change in accounting principle, net (see Note 2)	159		662	(503)		159		159
Balance, adjusted at Dec. 31, 2018	1,043,780	1,208	923,138	495,274	(49,201)	1,370,419	(326,930)	1,043,489	291
Net income (loss)	17,716			17,856		17,856		17,856	(140)
Stock option expense	741		741			741		741
Restricted stock units – time-based	933		933			933		933
Restricted stock units – performance-based	476		476			476		476
Director – non-cash compensation	165		165			165		165
Warrant expense	258		258			258		258
Exercise of stock options	1,088	2	1,086			1,088		1,088
Acquired non-controlling interest	112		41			41		41	71
Treasury stock purchases	(156)						(156)	(156)
Foreign currency adjustments	4,701				4,712	4,712		4,712	(11)
Impact of foreign exchange contracts, net	(727)				(727)	(727)		(727)
Balance at Jun. 30, 2019	1,069,087	1,210	926,838	513,130	(45,216)	1,395,962	(327,086)	1,068,876	211
Balance at Mar. 31, 2019	1,019,155	1,210	925,233	465,056	(45,558)	1,345,941	(327,086)	1,018,855	300
Net income (loss)	48,005		0	48,074		48,074		48,074	(69)
Stock option expense	371		371			371		371
Restricted stock units – time-based	541		541			541		541
Restricted stock units – performance-based	476		476			476		476
Director – non-cash compensation	88		88			88		88
Warrant expense	129		129			129		129
Foreign currency adjustments	536				556	556		556	(20)
Impact of foreign exchange contracts, net	(214)				(214)	(214)		(214)
Balance at Jun. 30, 2019	$ 1,069,087	$ 1,210	$ 926,838	$ 513,130	$ (45,216)	$ 1,395,962	$ (327,086)	$ 1,068,876	$ 211

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows used in operating activities:
Net income	$ 17,716	$ 26,885
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expense	43,225	40,812
Amortization of deferred financing costs and original issuance discounts	2,289	2,766
Provision for doubtful accounts	596	304
Deferred income tax (benefit) expense	(10,779)	1,443
Deferred rent		1,155
Change in operating lease liability/asset	(21,406)
Undistributed income in equity method investments	(202)	(301)
(Gain) loss on disposal of assets	(59,087)	24
Store impairment and restructuring charges	23,243
Non-employee equity based compensation	258	365
Stock option expense	741	942
Restricted stock units expense – time-based	933	252
Restricted stock units expense – performance-based	476	593
Directors – non-cash compensation	165	59
Changes in operating assets and liabilities, net of effects of acquired businesses:
Decrease in accounts receivable	6,588	8,791
Increase in inventories	(31,145)	(68,741)
Increase in prepaid expenses and other current assets	(4,333)	(9,137)
Decrease in accounts payable, accrued expenses and income taxes payable	(71,438)	(29,220)
Net cash used in operating activities	(105,913)	(23,008)
Cash flows provided by (used in) investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(545)	(21,325)
Capital expenditures	(31,098)	(44,406)
Proceeds from disposal of property and equipment	113,799	21
Net cash provided by (used in) investing activities	82,156	(65,710)
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(148,526)	(26,062)
Proceeds from loans, notes payable and long-term obligations	157,440	112,293
Stock repurchases	(156)
Exercise of stock options	1,088	482
Debt issuance costs	(343)	(56)
Net cash provided by financing activities	9,503	86,657
Effect of exchange rate changes on cash and cash equivalents	2,166	(780)
Net decrease in cash and cash equivalents and restricted cash	(12,088)	(2,841)
Cash and cash equivalents and restricted cash at beginning of period	59,219	54,408
Cash and cash equivalents and restricted cash at end of period	47,131	51,567
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	57,503	49,489
Cash paid during the period for income taxes, net of refunds	$ 31,924	$ 46,617

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2019
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, e-commerce 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 most of the Company’s operating subsidiaries.

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Pronouncements	6 Months Ended
	Jun. 30, 2019
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 53 31 st of each year and define fiscal quarters (“Fiscal Quarter”) as the four interim 13 53-week 14 Operating results for interim periods are not necessarily indicative of the results to be expected for the year ending December 31, 2019. 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 Recently Issued Accounting Pronouncements In June 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-07, non-employee paid-in In August 2017, the FASB issued ASU 2017-12, In June 2016, the FASB issued ASU 2016-13, In February 2016, the FASB issued ASU 2016-02, The Company adopted the new lease standard during the first quarter of 2019 and, to the extent required by the pronouncement, recognized a right of use asset and liability for all of its operating lease arrangements with terms of greater than twelve months. See the Company’s June 30, 2019 consolidated balance sheet for the impact of such adoption. The pronouncement provided companies with a transition option under which they could opt to continue to apply legacy lease guidance in comparative periods. The Company elected such option. The Company’s December 31, 2018 consolidated balance sheet includes a $74,464 deferred rent liability in other long-term liabilities and a $7,170 deferred rent liability in accrued expenses. In the Company’s June 30, 2019 consolidated balance sheet, such accounts reduce the operating lease asset. Additionally, in the Company’s December 31, 2018 consolidated balance sheet, other intangible assets, net, includes a $3,904 intangible asset related to favorable leases and prepaid expenses and other current assets includes a $2,552 asset related to capitalized broker costs. In the Company’s June 30, 2019 consolidated balance sheet, such assets are included in the operating lease asset. The pronouncement had no impact on the Company’s consolidated statement of operations and comprehensive income (loss) and it did not impact the Company’s compliance with its debt covenants. Additionally, the standard requires companies to make certain disclosures. See Note 17.

Store Impairment and Restructur

Store Impairment and Restructuring Charges	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Store Impairment and Restructuring Charges	Note 3 – Store Impairment and Restructuring Charges Each year, the Company typically closes approximately 10 Party City stores as part of its typical network rationalization process and in response to ongoing consumer, market and economic changes that naturally arise in the business. During the six months ended June 30, 2019, after careful consideration and evaluation of the store locations, the Company made the decision to accelerate the optimization of its store portfolio with the closure of approximately 55 stores which are primarily located in close proximity to other Party City stores. These closings should provide the Company with capital flexibility to expand into underserved markets. In conjunction with the store optimization program, during the three and six months ended June 30, 2019, the Company recorded the following charges: Three Months 2019 Six Months 2019 Inventory reserves $ 3,656 $ 21,285 Operating lease asset impairment 940 14,149 Property, plant and equipment impairment 541 4,680 Labor and other costs incurred closing stores 3,753 3,753 Severance — 661 Total $ 8,890 $ 44,528 Such amounts represent the Company’s best estimate of the total charges that are expected to be recorded for such items. When the Company closes the stores, it will record charges for common area maintenance, insurance and taxes to be paid subsequent to such closures in accordance with the stores’ lease agreements. However, such amounts are expected to be immaterial. Additionally, the Company will continue to incur costs while moving inventory, cleaning the stores and returning them to their original condition. Such costs are also expected to be immaterial. The fair values of the operating lease assets and property, plant and equipment were determined based on estimated future discounted cash flows for such assets using market participant assumptions, including data on the ability to sub-lease The charge for inventory reserves related to both an estimate of the inventory that will be disposed following the closures of the stores and an estimate of inventory that will be sold below cost prior to such closures. The charge for inventory reserves was recorded in cost of sales in the Company’s statement of operations and comprehensive income (loss). The other charges were recorded in Store impairment and restructuring charges in the Company’s statement of operations and comprehensive income (loss).

Sale_Leaseback Transaction

Sale/Leaseback Transaction	6 Months Ended
	Jun. 30, 2019
Sales Leaseback Transaction Disclosure [Abstract]
Sale/Leaseback Transaction	Note 4 – Sale/Leaseback Transaction In June 2019, the Company sold its main distribution center in Chester, New York, its metallic balloons manufacturing facility in Eden Prairie, Minnesota and its injection molded plastics manufacturing facility in Los Lunas, New Mexico. Simultaneously, the Company entered into twenty year leases for each of the facilities. The aggregate sale price was $128,000 and, during the three months ended June 30, 2019, the Company recorded a $58,381 gain on the sale, net of transaction costs, in the Company’s condensed consolidated statement of operations and comprehensive income. Under the terms of the lease agreements, the Company will pay total rent of $8,320 during the first year and the annual rent will increase by 2% thereafter. The Chester and Eden Prairie leases are being accounted for as operating leases and the sale of such properties is included in the gain above. However, for the Los Lunas property, the present value of the lease payments is greater than substantially all of the fair value of the assets. Therefore, the lease is a finance lease and sale accounting treatment is prohibited. As such, the Company is accounting for the $12,080 of proceeds as a finance lease and has recorded such amount in long-term obligations in its June 30, 2019 condensed consolidated balance sheet. In conjunction with the sale/leaseback transaction, during June 2019, the Company amended its Term Loan Credit Agreement. The amendment required the Company to use half of the proceeds from the transaction, net of costs, to paydown part of the outstanding balance under such debt agreement. Additionally, the amendment requires the Company to pay an immaterial “consent fee” to the lenders. As the Term Loan Credit Agreement is a loan syndication, the Company assessed, on a creditor-by-creditor basis, whether the amendment should be accounted for as an extinguishment or a modification. The Company concluded that, for each creditor, the amendment should be accounted for as a modification. Therefore, no capitalized deferred financing costs or original issuance discounts were written off in conjunction with the amendment. During June 2019, the Company used proceeds from the sale (net of costs) of $125,864 to paydown outstanding debt.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Note 5 – Inventories Inventories consisted of the following: June 30, 2019 December 31, 2018 Finished goods $ 738,404 $ 706,327 Raw materials 33,030 33,423 Work in process 16,663 16,288 $ 788,097 $ 756,038 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, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Note 6 – Income Taxes The effective income tax rate for the six months ended June 30, 2019, 23.5%, is higher than the statutory rate of 21.0% primarily due to impact of state taxes on the Company’s estimated effective income tax rate for full-year 2019.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	Note 7 – Changes in Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2019 $ (45,900 ) $ 342 $ (45,558 ) Other comprehensive income (loss) before reclassifications, net of tax 556 (3 ) 553 Gains reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (211 ) (211 ) Net current-period other comprehensive income (loss) 556 (214 ) 342 Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Three Months Ended June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Other comprehensive (loss) income before reclassifications (10,713 ) 1,398 (9,315 ) Loss 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 ) Six Months Ended June 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2018 $ (50,056 ) $ 855 $ (49,201 ) Other comprehensive income before reclassifications, net of tax 4,712 60 4,772 Gains reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (787 ) (787 ) Net current-period other comprehensive income (loss) 4,712 (727 ) 3,985 Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Six Months Ended June 30, 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 (loss) income before reclassifications, net of income tax (5,307 ) 971 (4,336 ) Loss 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 )

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Capital Stock	Note 8 – Capital Stock At June 30, 2019, 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.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Information	Note 9 – 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 and Halloween City, and it operates e-commerce websites, principally through the domain name Partycity.com. The Retail segment also franchises both individual stores and franchise areas throughout the United States, Mexico and Puerto Rico, principally under the name Party City. The Company’s industry segment data for the three months ended June 30, 2019 and June 30, 2018 was as follows: During June 2019, the Company’s Wholesale segment sold its main distribution center in Chester, New York, its metallic balloons manufacturing facility in Eden Prairie, Minnesota and its injection molded plastics manufacturing facility in Los Lunas, New Mexico. The aggregate sale price was $ 128,000 During the three and six months ended June 30, 2019, the Company executed a store optimization program under which the Company plans to close approximately 55 Party City stores during the course of 2019. In conjunction with the program, during the three months and six months ended June 30, 2019, the Company’s Retail segment recorded charges of $8,890 and $44,528, respectively. See Note 3 for further detail. Wholesale Retail Consolidated Three Months Ended June 30, 2019 Revenues: Net sales $ 289,067 $ 423,157 $ 712,224 Royalties and franchise fees — 2,189 2,189 Total revenues 289,067 425,346 714,413 Eliminations (150,522 ) — (150,522 ) Net revenues $ 138,545 $ 425,346 $ 563,891 Income from operations $ 60,297 $ 37,188 $ 97,485 Interest expense, net 30,176 Other expense, net 3,342 Income before income taxes $ 63,967 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 The Company’s industry segment data for the six months ended June 30, 2019 and June 30, 2018 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2019 Revenues: Net sales $ 579,368 $ 801,310 $ 1,380,678 Royalties and franchise fees — 4,203 4,203 Total revenues 579,368 805,513 1,384,881 Eliminations (307,874 ) — (307,874 ) Net revenues $ 271,494 $ 805,513 $ 1,077,007 Income from operations $ 62,520 $ 24,668 $ 87,188 Interest expense, net 59,433 Other expense, net 4,596 Income before income taxes $ 23,159 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 During the three months ended March 31, 2019, the Company adopted ASU 2016-02,

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 10 – 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.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 11 – 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, 2019 and the six months ended June 30, 2018. 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 The foreign currency exchange contracts are reflected in the condensed consolidated balance sheets at fair value. At June 30, 2019 and December 31, 2018, 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 2020. The following table displays the fair values of the Company’s derivatives at June 30, 2019 and December 31, 2018: 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, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Foreign Exchange Contracts (a ) PP $ 58 (a ) PP $ 115 (b ) AE $ 7 (b ) AE $ — (a) PP = Prepaid expenses and other current assets (b) AE = Accrued expenses The following table displays the notional amounts of the Company’s derivatives at June 30, 2019 and December 31, 2018: Derivative Instrument June 30, 2019 December 31, 2018 Foreign Exchange Contracts $ 6,200 $ 10,942

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12 – 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% 1,890 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. On a recurring basis, the liability is adjusted to the greater of the current fair value or the original fair value at the time at which the ownership interest was issued (adjusted for any subsequent changes in the ownership interest percentage). As of both June 30, 2019 and December 31, 2018, the original value was greater and, therefore, the liabilities are not included in the table below. The following table shows assets and liabilities as of June 30, 2019 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of June 30, 2019 Derivative assets $ — $ 58 $ — $ 58 Derivative liabilities — 7 — 7 The following table shows assets and liabilities as of December 31, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of December 31, 2018 Derivative assets $ — $ 115 $ — $ 115 Derivative liabilities — — — — Punchbowl put liability — — 316 316 The majority of the Company’s non-financial instruments, which include goodwill, intangible assets, lease 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. During the six months ended June 30, 2019, the Company initiated a store optimization program under which it plans to close approximately 55 Party City stores during the course of 2019. In conjunction with the program, during the six months ended June 30, 2019, the Company recorded impairment charges for its property, plant and equipment and operating lease assets. See Note 3 for further detail. The carrying amounts for cash and cash equivalents, accounts receivable, prepaid expenses and other current assets, accounts payable, accrued expenses and other current liabilities approximated fair value at June 30, 2019 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 Company’s senior notes as of June 30, 2019 are as follows: June 30, 2019 Carrying Amount Fair Value Term Loan Credit Agreement $ 784,994 $ 787,913 6.125% Senior Notes – due 2023 346,603 352,625 6.625% Senior Notes – due 2026 494,524 485,000 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, 2019 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, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 13 – 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 (loss) per share is as follows: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Net income attributable to common shareholders of Party City Holdco Inc. $ 48,074 $ 28,487 $ 17,856 $ 27,354 Weighted average shares - Basic 93,293,176 96,453,884 93,233,865 96,426,235 Effect of dilutive securities: Warrants — — — — Restricted stock units 19,228 — 23,628 — Stock options 391,142 1,234,350 534,270 1,243,074 Weighted average shares - Diluted 93,703,546 97,688,233 93,791,763 97,669,309 Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 0.52 $ 0.30 $ 0.19 $ 0.28 Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 0.51 $ 0.29 $ 0.19 $ 0.28 During the three months ended June 30, 2019 and June 30, 2018, 2,118,443 stock options and 2,494,428 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, 2019 and June 30, 2018, 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, 2019 and June 30, 2018, 199,978 restricted stock units and 201,270 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, 2019 and June 30, 2018, 2,118,443 stock options and 2,494,428 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, 2019 and June 30, 2018, 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, 2019 and June 30, 2018, 199,978 restricted stock units and 201,270 restricted stock units, respectively, were excluded from the calculation of diluted earnings per share as they were anti-dilutive.

Current and Long-Term Obligatio

Current and Long-Term Obligations	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Current and Long-Term Obligations	Note 14 – Current and Long-Term Obligations Long-term obligations at June 30, 2019 and December 31, 2018 consisted of the following: June 30, 2019 December 31, 2018 Term Loan Credit Agreement $ 784,994 $ 791,135 6.125% Senior Notes – due 2023 346,603 346,191 6.625% Senior Notes – due 2026 494,524 494,138 Finance lease obligations 15,445 3,815 Total long-term obligations 1,641,566 1,635,279 Less: current portion (76,251 ) (13,316 ) Long-term obligations, excluding current portion $ 1,565,315 $ 1,621,963 Prior to April 2019, the Company had a $540,000 asset-based revolving credit facility (with a seasonal increase to $640,000 during a certain period of each calendar year) (“ABL Facility”), which matures during August 2023 During April 2019, the Company amended the ABL Facility. Such amendment removed the seasonal component and made the facility a $640,000 facility on a year-round basis. During June 2019, in conjunction with a sale/leaseback transaction, the Company amended its Term Loan Credit Agreement and financed its Los Lunas, New Mexico facility via a finance lease, which is included in the table above. See Note 4 for further detail.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2019
Revenue from Contract with Customer [Abstract]
Revenue from Contracts with Customers	Note 15 – Revenue from Contracts with Customers The following table summarizes revenue from contracts with customers for the three and six months ended June 30, 2019 and June 30, 2018: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Retail Net Sales: North American Party City Stores $ 387,308 $ 376,222 $ 733,448 $ 707,067 Global E-commerce 35,364 35,131 67,172 67,862 Other 485 — 690 — Total Retail Net Sales $ 423,157 $ 411,353 $ 801,310 $ 774,929 Royalties and Franchise Fees 2,189 2,910 4,203 5,626 Total Retail Revenue $ 425,346 $ 414,263 $ 805,513 $ 780,555 Wholesale Net Sales: Domestic $ 74,766 $ 79,397 $ 148,587 $ 158,956 International 63,779 67,351 122,907 129,324 Total Wholesale Net Sales $ 138,545 $ 146,748 $ 271,494 $ 288,280 Total Consolidated Revenue $ 563,891 $ 561,011 $ 1,077,007 $ 1,068,835

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2019
Text Block [Abstract]
Cash, Cash Equivalents and Restricted Cash	Note 16 – Cash, Cash Equivalents and Restricted Cash The Company’s June 30, 2019 consolidated balance sheet included $47,131 of cash and cash equivalents and $0 of restricted cash and the Company’s December 31, 2018 consolidated balance sheet included $58,909 of cash and cash equivalents and $310 of restricted cash. 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.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Note 17 – Leases In February 2016, the FASB issued ASU 2016-02, The FASB has provided companies with a transition option under which they can opt to continue to apply the legacy guidance, including its disclosure requirements, in the comparative periods presented in the year during which they adopt the new lease standard. Entities that elect the option only make annual disclosures for the comparative periods as legacy guidance does not require interim disclosures. The Company has elected this transition option. Practical Expedients/Policy Elections Under the new standard, companies may elect the following practical expedients, which must be elected as a package and applied consistently to all leases: 1. An entity need not reassess whether any expired or existing contracts are or contain leases. 2. An entity need not reassess the lease classification for any expired or existing leases. 3. An entity need not reassess initial direct costs for any existing leases. The Company elected this package of practical expedients. Under the new standard, an entity may also elect a practical expedient to use hindsight in determining the lease term and in assessing impairment of the entity’s right-of-use Additionally, under the new standard, lessees can make an accounting policy election (by class of underlying asset to which the right of use relates) to apply accounting similar to legacy accounting to leases that meet the new standard’s definition of a “short-term lease” (a lease that, at the commencement date, has a lease term of twelve months or less and does not include an option to purchase the underlying asset that the lessee is reasonably certain to exercise). The Company has made this election for all classes of underlying assets. Further, the new standard provides a practical expedient that permits lessees to make an accounting policy election (by class of underlying asset) to account for each separate lease component of a contract and its associated non-lease Lease Population The Company’s lease portfolio is primarily comprised of real estate leases for its permanent Party City stores. The Company also leases manufacturing facilities, distribution facilities, warehouse space and office space. Additionally, the Company enters into short leases (generally less than four months) in order to operate its temporary stores. Further, the Company enters into leases of equipment, copiers, printers and automobiles. Substantially all of the Company’s leases are operating leases. The Company’s finance leases are immaterial. The right-of-use The Company’s sub-leases Variable Lease Payments A limited number of the Company’s store leases require rent to be paid based on sales levels. The Company’s cost for such leases is immaterial. Variable lease consideration is not included in lease payments until the contingency is resolved. Additionally, for most store leases, the Company pays variable taxes and insurance. Many of the Company’s store leases, and certain of the Company’s other leases, contain renewal options. However, the renewal periods are generally not included in the right-of-use Discount Rates The Company is unable to determine the discount rates that are implicit in its operating leases. Therefore, for such leases, the Company is utilizing its incremental borrowing rate. For leases that existed as of January 1, 2019, the Company determined the applicable incremental borrowing rates for such leases based on the remaining lease terms for the leases as of such date. Quantitative Disclosures During the three months and six months ended June 30, 2019, the Company’s operating lease cost was $49,152 and $97,447, respectively. Such amount excludes impairment charges recorded in conjunction with the Company’s store optimization program (see Note 3). The Company’s variable lease cost during the three and six months ended June 30, 2019 was $8,645 and $17,186, respectively. During the three and six months ended June 30, 2019, cash paid for amounts included in the measurement of operating lease liabilities was $48,937 and $115,451, respectively. During the three and six months ended June 30, 2019, right-of-use As of June 30, 2019, the weighted-average remaining lease term for operating leases was 7 years and the weighted-average discount rate for operating leases was 6.8%. As of June 30, 2019, the future cash flows for the Company’s operating leases were: Six months ended December 31, 2019 $ 89,895 2020 201,578 2021 185,305 2022 165,815 2023 137,724 Thereafter 477,022 Total Undiscounted Cash Flows $ 1,257,339 Less: Interest (317,891 ) Total Operating Lease Liability 939,448 Less: Current Portion of Operating Lease Liability (145,472 ) Long-Term Portion of Operating Lease Liability $ 793,976

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2019
Subsequent Events [Abstract]
Subsequent Event	Note 18 – Subsequent Event During August 2019, the Company reached an agreement with a Canadian-based retailer under which the retailer will acquire the Company’s Canadian-based Party City stores for 174,000 10

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [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 paid-in In August 2017, the FASB issued ASU 2017-12, In June 2016, the FASB issued ASU 2016-13, In February 2016, the FASB issued ASU 2016-02, The Company adopted the new lease standard during the first quarter of 2019 and, to the extent required by the pronouncement, recognized a right of use asset and liability for all of its operating lease arrangements with terms of greater than twelve months. See the Company’s June 30, 2019 consolidated balance sheet for the impact of such adoption. The pronouncement provided companies with a transition option under which they could opt to continue to apply legacy lease guidance in comparative periods. The Company elected such option. The Company’s December 31, 2018 consolidated balance sheet includes a $74,464 deferred rent liability in other long-term liabilities and a $7,170 deferred rent liability in accrued expenses. In the Company’s June 30, 2019 consolidated balance sheet, such accounts reduce the operating lease asset. Additionally, in the Company’s December 31, 2018 consolidated balance sheet, other intangible assets, net, includes a $3,904 intangible asset related to favorable leases and prepaid expenses and other current assets includes a $2,552 asset related to capitalized broker costs. In the Company’s June 30, 2019 consolidated balance sheet, such assets are included in the operating lease asset. The pronouncement had no impact on the Company’s consolidated statement of operations and comprehensive income (loss) and it did not impact the Company’s compliance with its debt covenants. Additionally, the standard requires companies to make certain disclosures. See Note 17.

Store Impairment and Restruct_2

Store Impairment and Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs [Table Text Block]	In conjunction with the store optimization program, during the three and six months ended June 30, 2019, the Company recorded the following charges: Three Months 2019 Six Months 2019 Inventory reserves $ 3,656 $ 21,285 Operating lease asset impairment 940 14,149 Property, plant and equipment impairment 541 4,680 Labor and other costs incurred closing stores 3,753 3,753 Severance — 661 Total $ 8,890 $ 44,528

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2019
Inventory Disclosure [Abstract]
Inventories	Inventories consisted of the following: June 30, 2019 December 31, 2018 Finished goods $ 738,404 $ 706,327 Raw materials 33,030 33,423 Work in process 16,663 16,288 $ 788,097 $ 756,038

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	Note 7 – Changes in Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2019 $ (45,900 ) $ 342 $ (45,558 ) Other comprehensive income (loss) before reclassifications, net of tax 556 (3 ) 553 Gains reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (211 ) (211 ) Net current-period other comprehensive income (loss) 556 (214 ) 342 Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Three Months Ended June 30, 2018 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2018 $ (30,204 ) $ (396 ) $ (30,600 ) Other comprehensive (loss) income before reclassifications (10,713 ) 1,398 (9,315 ) Loss 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 ) Six Months Ended June 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2018 $ (50,056 ) $ 855 $ (49,201 ) Other comprehensive income before reclassifications, net of tax 4,712 60 4,772 Gains reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (787 ) (787 ) Net current-period other comprehensive income (loss) 4,712 (727 ) 3,985 Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Six Months Ended June 30, 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 (loss) income before reclassifications, net of income tax (5,307 ) 971 (4,336 ) Loss 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 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended June 30, 2019 and June 30, 2018 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2019 Revenues: Net sales $ 289,067 $ 423,157 $ 712,224 Royalties and franchise fees — 2,189 2,189 Total revenues 289,067 425,346 714,413 Eliminations (150,522 ) — (150,522 ) Net revenues $ 138,545 $ 425,346 $ 563,891 Income from operations $ 60,297 $ 37,188 $ 97,485 Interest expense, net 30,176 Other expense, net 3,342 Income before income taxes $ 63,967 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 The Company’s industry segment data for the six months ended June 30, 2019 and June 30, 2018 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2019 Revenues: Net sales $ 579,368 $ 801,310 $ 1,380,678 Royalties and franchise fees — 4,203 4,203 Total revenues 579,368 805,513 1,384,881 Eliminations (307,874 ) — (307,874 ) Net revenues $ 271,494 $ 805,513 $ 1,077,007 Income from operations $ 62,520 $ 24,668 $ 87,188 Interest expense, net 59,433 Other expense, net 4,596 Income before income taxes $ 23,159 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

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 and December 31, 2018: 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, 2019 December 31, 2018 June 30, 2019 December 31, 2018 Foreign Exchange Contracts (a ) PP $ 58 (a ) PP $ 115 (b ) AE $ 7 (b ) AE $ — (a) PP = Prepaid expenses and other current assets (b) AE = Accrued expenses
Schedule of Notional Amounts of Derivatives	The following table displays the notional amounts of the Company’s derivatives at June 30, 2019 and December 31, 2018: Derivative Instrument June 30, 2019 December 31, 2018 Foreign Exchange Contracts $ 6,200 $ 10,942

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
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, 2019 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of June 30, 2019 Derivative assets $ — $ 58 $ — $ 58 Derivative liabilities — 7 — 7 The following table shows assets and liabilities as of December 31, 2018 that are measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total as of December 31, 2018 Derivative assets $ — $ 115 $ — $ 115 Derivative liabilities — — — — Punchbowl put liability — — 316 316
Summary of Carrying Amount and Fair Value	The carrying amounts and fair values of borrowings under the Term Loan Credit Agreement and the Company’s senior notes as of June 30, 2019 are as follows: June 30, 2019 Carrying Amount Fair Value Term Loan Credit Agreement $ 784,994 $ 787,913 6.125% Senior Notes – due 2023 346,603 352,625 6.625% Senior Notes – due 2026 494,524 485,000

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Reconciliation Between Basic and Diluted Income Per Share	A reconciliation between basic and diluted income (loss) per share is as follows: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Net income attributable to common shareholders of Party City Holdco Inc. $ 48,074 $ 28,487 $ 17,856 $ 27,354 Weighted average shares - Basic 93,293,176 96,453,884 93,233,865 96,426,235 Effect of dilutive securities: Warrants — — — — Restricted stock units 19,228 — 23,628 — Stock options 391,142 1,234,350 534,270 1,243,074 Weighted average shares - Diluted 93,703,546 97,688,233 93,791,763 97,669,309 Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 0.52 $ 0.30 $ 0.19 $ 0.28 Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 0.51 $ 0.29 $ 0.19 $ 0.28

Current and Long-Term Obligat_2

Current and Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at June 30, 2019 and December 31, 2018 consisted of the following: June 30, 2019 December 31, 2018 Term Loan Credit Agreement $ 784,994 $ 791,135 6.125% Senior Notes – due 2023 346,603 346,191 6.625% Senior Notes – due 2026 494,524 494,138 Finance lease obligations 15,445 3,815 Total long-term obligations 1,641,566 1,635,279 Less: current portion (76,251 ) (13,316 ) Long-term obligations, excluding current portion $ 1,565,315 $ 1,621,963

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2019
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 and six months ended June 30, 2019 and June 30, 2018: Three Months Ended June 30, 2019 Three Months Ended June 30, 2018 Six Months Ended June 30, 2019 Six Months Ended June 30, 2018 Retail Net Sales: North American Party City Stores $ 387,308 $ 376,222 $ 733,448 $ 707,067 Global E-commerce 35,364 35,131 67,172 67,862 Other 485 — 690 — Total Retail Net Sales $ 423,157 $ 411,353 $ 801,310 $ 774,929 Royalties and Franchise Fees 2,189 2,910 4,203 5,626 Total Retail Revenue $ 425,346 $ 414,263 $ 805,513 $ 780,555 Wholesale Net Sales: Domestic $ 74,766 $ 79,397 $ 148,587 $ 158,956 International 63,779 67,351 122,907 129,324 Total Wholesale Net Sales $ 138,545 $ 146,748 $ 271,494 $ 288,280 Total Consolidated Revenue $ 563,891 $ 561,011 $ 1,077,007 $ 1,068,835

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
The Future Cash flows for The Company's Operating Leases	As of June 30, 2019, the future cash flows for the Company’s operating leases were: Six months ended December 31, 2019 $ 89,895 2020 201,578 2021 185,305 2022 165,815 2023 137,724 Thereafter 477,022 Total Undiscounted Cash Flows $ 1,257,339 Less: Interest (317,891 ) Total Operating Lease Liability 939,448 Less: Current Portion of Operating Lease Liability (145,472 ) Long-Term Portion of Operating Lease Liability $ 793,976

Description of Business- Additi

Description of Business- Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019StoreoutletCountry
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	900
United States and Canada [Member] | Minimum [Member] | Halloween City Stores [Member]
Basis Of Presentation [Line Items]
Number stores	250
United States and Canada [Member] | Maximum [Member] | Halloween City Stores [Member]
Basis Of Presentation [Line Items]
Number stores	300

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 02, 2019	Jun. 30, 2019	Dec. 31, 2018
Significant Accounting Policies [Line Items]
Amount of the cumulative effect on retained earnings net of related income tax effect.	$ 503
Increased Additional Paid In Capital	662
Increased Deferred Income Tax Asset	$ 159
Lease Agreements [Member]
Significant Accounting Policies [Line Items]
Decrease infinite lived intangible assets net			$ 3,904
Accounts Payable and Accrued Liabilities [Member]
Significant Accounting Policies [Line Items]
Decrease in current deferred rent credit			7,170
Other Noncurrent Liabilities [Member]
Significant Accounting Policies [Line Items]
Decrease in long term deferred rent credit			74,464
Other Current Assets [Member]
Significant Accounting Policies [Line Items]
Prepaid expenses and other current assets			$ 2,552
Maximum [Member]
Significant Accounting Policies [Line Items]
Retail operations period of fiscal year		371 days
Retail operations period of fiscal quarter		98 days
Minimum [Member]
Significant Accounting Policies [Line Items]
Retail operations period of fiscal year		364 days
Retail operations period of fiscal quarter		91 days

Store Impairment and Restruct_3

Store Impairment and Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Total	$ 8,890	$ 44,528
Cost of Sales [Member]
Inventory reserves	3,656	21,285
Restructuring Charges [Member]
Operating lease asset impairment	940	14,149
Property, plant and equipment impairment	541	4,680
Labor and other costs incurred closing stores	$ 3,753	3,753
Severance		$ 661

Sale_Leaseback Transaction - Ad

Sale/Leaseback Transaction - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Aggregate sale price	$ 128,000	$ 128,000
Gain on the sale net	$ 58,381	$ 58,381
Lease agreement term		Under the terms of the lease agreements, the Company will pay total rent of $8,320 during the first year and the annual rent will increase by 2% thereafter.
Total rent payment		$ 8,320
Los Lunas New Mexico facility financing [Member]
Financing from long-term obligations		12,080
Term Loan Credit Agreement [Member] | Scenario, Plan [Member]
Proceeds from the sale (net of costs)		$ 125,864

Inventories- Inventories (Detai

Inventories- Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Inventory Disclosure [Abstract]
Finished goods	$ 738,404	$ 706,327
Raw materials	33,030	33,423
Work in process	16,663	16,288
Inventories, net	$ 788,097	$ 756,038

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019
Income Taxes [Line Items]
U.S. corporate statutory income tax rate	21.00%
U.S. corporate income tax rate	23.50%

Changes in Accumulated Other _3

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 1,043,330
Ending balance	$ 1,068,876		1,068,876
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(45,900)	$ (30,204)	(50,056)	$ (35,610)
Other comprehensive income (loss) before reclassifications, net of income tax	556	(10,713)	4,712	(5,307)
Net current-period other comprehensive income (loss)	556	(10,713)	4,712	(5,307)
Ending balance	(45,344)	(40,917)	(45,344)	(40,917)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	342	(396)	855	(208)
Other comprehensive income (loss) before reclassifications, net of income tax	(3)	1,398	60	971
(Gains) Loss reclassified from accumulated other comprehensive income (loss) to the condensed consolidated statement of operations and comprehensive income (loss), net of income (loss) tax	(211)	118	(787)	357
Net current-period other comprehensive income (loss)	(214)	1,516	(727)	1,328
Ending balance	128	1,120	128	1,120
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(45,558)	(30,600)	(49,201)	(35,818)
Other comprehensive income (loss) before reclassifications, net of income tax	553	(9,315)	4,772	(4,336)
(Gains) Loss reclassified from accumulated other comprehensive income (loss) to the condensed consolidated statement of operations and comprehensive income (loss), net of income (loss) tax	(211)	118	(787)	357
Net current-period other comprehensive income (loss)	342	(9,197)	3,985	(3,979)
Ending balance	$ (45,216)	$ (39,797)	$ (45,216)	$ (39,797)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	Jun. 30, 2019$ / sharesshares
Equity [Abstract]
Authorized capital stock | shares	300,000,000
Common stock, par value | $ / shares	$ 0.01
Preferred stock, par value | $ / shares	$ 0.01
Authorized preferred stock | shares	15,000,000

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)Store	Jun. 30, 2019USD ($)Store
Operating lease asset	$ 869,345	$ 869,345
Store Optimization Program Charges	8,890	44,528
Gain on the sale net	58,381	58,381
Aggregate sale price	128,000	128,000
Retail Segment [Member] | Accounting Standards Update 2016-02 [Member]
Operating lease asset	722,090	722,090
Wholesale Segment [Member]
Gain on the sale net		58,381
Wholesale Segment [Member] | Accounting Standards Update 2016-02 [Member]
Operating lease asset	$ 147,256	$ 147,256
Discontinued Operations [Member]
Number of Stores | Store	55	55

Segment Information - Schedule

Segment Information - Schedule of Company's Industry Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Total revenues	$ 563,891	$ 561,011	$ 1,077,007	$ 1,068,835
Income (loss) from operations	97,485	65,451	87,188	87,707
Interest expense, net	30,176	25,501	59,433	48,776
Other income (expense), net	3,342	2,532	4,596	3,380
Income before income taxes	63,967	37,418	23,159	35,551
Net Sales [Member]
Revenues:
Revenues	561,702	558,101	1,072,804	1,063,209
Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,189	2,910	4,203	5,626
Wholesale [Member]
Revenues:
Total revenues	138,545	146,748	271,494	288,280
Income (loss) from operations	60,297	11,148	62,520	16,496
Retail [Member]
Revenues:
Total revenues	425,346	414,263	805,513	780,555
Income (loss) from operations	37,188	54,303	24,668	71,211
Operating Segments [Member]
Revenues:
Total revenues	714,413	699,996	1,384,881	1,344,115
Operating Segments [Member] | Net Sales [Member]
Revenues:
Revenues	712,224	697,086	1,380,678	1,338,489
Operating Segments [Member] | Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,189	2,910	4,203	5,626
Operating Segments [Member] | Wholesale [Member]
Revenues:
Total revenues	289,067	285,733	579,368	563,560
Operating Segments [Member] | Wholesale [Member] | Net Sales [Member]
Revenues:
Revenues	289,067	285,733	579,368	563,560
Operating Segments [Member] | Retail [Member]
Revenues:
Total revenues	425,346	414,263	805,513	780,555
Operating Segments [Member] | Retail [Member] | Net Sales [Member]
Revenues:
Revenues	423,157	411,353	801,310	774,929
Operating Segments [Member] | Retail [Member] | Royalties and Franchise Fees [Member]
Revenues:
Revenues	2,189	2,910	4,203	5,626
Eliminations [Member]
Revenues:
Total revenues	(150,522)	(138,985)	(307,874)	(275,280)
Eliminations [Member] | Wholesale [Member]
Revenues:
Total revenues	$ (150,522)	$ (138,985)	$ (307,874)	$ (275,280)

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2019
Derivative [Line Items]
Foreign currency exchange contracts reclassified date	2020-06
Foreign Exchange Risk Management [Member]
Derivative [Line Items]
Foreign exchange forward contracts maturity	1 year
Hedging effectiveness	100.00%

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) - Foreign Exchange Contracts [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 58	$ 115
Accrued Expenses [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 7	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Foreign Exchange Contracts [Member]
Derivatives, Fair Value [Line Items]
Notional amounts	$ 6,200,000	$ 10,942,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	3 Months Ended
	Jun. 30, 2019USD ($)Store
Option on Securities [Member]
Debt Instrument [Line Items]
Derivative assets wrote off cost | $	$ 1,890
Discontinued Operations [Member]
Debt Instrument [Line Items]
Number of Stores | Store	55
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, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	$ 58	$ 115
Derivative liabilities	7	0
Punchbowl Inc [Member] | Put Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		316
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	58	115
Derivative liabilities	$ 7	0
Level 3 [Member] | Punchbowl Inc [Member] | Put Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities		$ 316

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 784,994
Debt Instrument Fair Value	787,913
6.125% Senior Notes - due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	346,603
Debt Instrument Fair Value	352,625
6.625% Senior Notes - due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	494,524
Debt Instrument Fair Value	$ 485,000

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disclosure Of Earnings Per Share [Line Items]
Net income attributable to common shareholders of Party City Holdco Inc.	$ 48,074	$ 28,487	$ 17,856	$ 27,354
Weighted average shares – Basic	93,293,176	96,453,884	93,233,865	96,426,235
Effect of dilutive securities:
Warrants	0	0	0	0
Restricted stock units	19,228		23,628
Stock options	391,142	1,234,350	534,270	1,243,074
Weighted average shares - Diluted	93,703,546	97,688,233	93,791,763	97,669,309
Net income per share attributable to common shareholders of Party City Holdco Inc. - Basic	$ 0.52	$ 0.30	$ 0.19	$ 0.28
Net income per share attributable to common shareholders of Party City Holdco Inc. - Diluted	$ 0.51	$ 0.29	$ 0.19	$ 0.28

Earnings Per share - Additional

Earnings Per share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Employee Stock Option [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,118,443	2,494,428	2,118,443	2,494,428
Warrant [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	596,000	596,000	596,000	596,000
Restricted Stock Units (RSUs) [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	199,978	201,270	199,978	201,270

Current and Long-Term Obligat_3

Current and Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Total long-term obligations	$ 1,641,566	$ 1,635,279
Less: current portion	(76,251)	(13,316)
Long-term obligations, excluding current portion	1,565,315	1,621,963
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Total long-term obligations	346,603	346,191
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations	494,524	494,138
Finance lease obligation [Member]
Debt Instrument [Line Items]
Total long-term obligations	15,445	3,815
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 784,994	$ 791,135

Current and Long-Term Obligat_4

Current and Long-Term Obligations - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Apr. 25, 2019
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 640,000
Asset Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 540,000	$ 640,000
Debt Instrument, Maturity Date	Aug. 31, 2023
Letters Of Credit Outstanding Maximum	$ 50,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Revenue from Contracts with Customers (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenues	$ 563,891	$ 561,011	$ 1,077,007	$ 1,068,835
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	425,346	414,263	805,513	780,555
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	138,545	146,748	271,494	288,280
Global E-commerce [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	35,364	35,131	67,172	67,862
Other retail Segment Store [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	485		690
Domestic [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	74,766	79,397	148,587	158,956
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	63,779	67,351	122,907	129,324
North America [Member] | Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	387,308	376,222	733,448	707,067
Net Sales [Member]
Disaggregation of Revenue [Line Items]
Net sales	561,702	558,101	1,072,804	1,063,209
Net Sales [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	423,157	411,353	801,310	774,929
Royalties and Franchise Fees [Member]
Disaggregation of Revenue [Line Items]
Net sales	2,189	2,910	4,203	5,626
Royalties and Franchise Fees [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net sales	$ 2,189	$ 2,910	$ 4,203	$ 5,626

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 47,131	$ 58,909	$ 51,461	$ 54,291
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 0	$ 310	$ 106	$ 117

Leases - Future Cash flows for

Leases - Future Cash flows for the Company's operating leases (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
Nine months ended December 31, 2019	$ 89,895
2020	201,578
2021	185,305
2022	165,815
2023	137,724
Thereafter	477,022
Total Undiscounted Cash Flows	1,257,339
Less: Interest	(317,891)
Total Operating Lease Liability	939,448
Less: Current Portion of Operating Lease Liability	(145,472)
Long-Term Portion of Operating Lease Liability	$ 793,976

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating lease cost	$ 49,152	$ 97,447
Variable lease cost	8,645	17,186
Operating lease liabilities	48,937	115,451
Right of use assets in exchange for operating lease liabilities	$ 125,645	$ 156,867
Weighted average remaining lease term	7 years	7 years
Weighted average discount rate	6.80%	6.80%

Subsequent Event - Additional i

Subsequent Event - Additional information (Detail) - USD ($)	Aug. 01, 2019	Jun. 30, 2019
Aggregate sale price		$ 128,000,000
Subsequent Event [Member] | CANADA | Canadian Based Retailer [Member]
Aggregate sale price	$ 174,000
No of years of supply agreement	10 years