Party City Holdco (PRTYQ) 10-Q 7 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 29, 2020
Cover [Abstract]
Entity Registrant Name	Party City Holdco Inc.
Document Type	10-Q
Trading Symbol	PRTY
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		94,602,386
Amendment Flag	false
Entity Central Index Key	0001592058
Entity Filer Category	Accelerated Filer
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Security Exchange Name	NYSE
Entity File Number	001-37344
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-0539758
Entity Address, Address Line One	80 Grasslands Road
Entity Address, City or Town	Elmsford
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10523
City Area Code	914
Local Phone Number	345-2020
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 154,133	$ 34,917
Accounts receivable, net	85,081	149,109
Inventories, net	635,014	658,419
Prepaid expenses and other current assets	94,710	51,685
Total current assets	968,938	894,130
Property, plant and equipment, net	223,433	243,572
Operating lease asset	755,288	802,634
Goodwill	666,084	1,072,330
Trade names	394,203	530,320
Other intangible assets, net	39,402	45,060
Other assets, net	9,435	7,273
Total assets	3,056,783	3,595,319
Current liabilities:
Loans and notes payable	325,754	128,806
Accounts payable	144,849	152,300
Accrued expenses	179,159	150,921
Current portion of operating lease liability	202,971	155,471
Income taxes payable		35,905
Current portion of long-term obligations	13,810	71,524
Total current liabilities	866,543	694,927
Long-term obligations, excluding current portion	1,557,576	1,503,987
Long-term portion of operating lease liability	685,290	720,735
Deferred income tax liabilities, net	67,458	126,081
Other long-term liabilities	16,932	16,517
Total liabilities	3,193,799	3,062,247
Redeemable securities		3,351
Commitments and contingencies
Stockholders’ equity:
Common stock (94,602,386 and 94,461,576 shares outstanding and 121,819,456 and 121,662,540 shares issued at June 30, 2020 and December 31, 2019, respectively)	1,211	1,211
Additional paid-in capital	941,745	928,573
Accumulated deficit	(708,747)	(37,219)
Accumulated other comprehensive loss	(43,849)	(35,734)
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury	190,360	856,831
Less: Common stock held in treasury, at cost (27,217,070 and 27,200,964 shares at June 30, 2020 and December 31, 2019, respectively)	(327,170)	(327,086)
Total Party City Holdco Inc. stockholders’ equity	(136,810)	529,745
Noncontrolling interests	(206)	(24)
Total stockholders’ equity	(137,016)	529,721
Total liabilities, redeemable securities and stockholders’ equity	$ 3,056,783	$ 3,595,319

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, shares outstanding	94,602,386	94,461,576
Common stock, shares issued	121,819,456	121,662,540
Treasury stock, shares	27,217,070	27,200,964

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 254,691,000	$ 563,891,000	$ 668,734,000	$ 1,077,007,000
Cost of sales	237,907,000	353,056,000	534,664,000	692,098,000
Wholesale selling expenses	9,707,000	16,884,000	25,165,000	34,845,000
Retail operating expenses	65,236,000	96,143,000	153,402,000	191,161,000
Franchise expenses	3,121,000	3,236,000	6,430,000	6,539,000
General and administrative expenses	59,931,000	41,510,000	119,927,000	83,435,000
Art and development costs	3,516,000	5,712,000	8,838,000	11,641,000
Development stage expenses	903,000	3,012,000	2,932,000	5,238,000
Gain on sale/leaseback transaction		(58,381,000)		(58,381,000)
Store impairment and restructuring charges	1,164,000	5,234,000	18,892,000	23,243,000
Goodwill and intangibles impairment	0	0	536,648,000	0
Total expenses	381,485,000	466,406,000	1,406,898,000	989,819,000
(Loss) income from operations	(126,794,000)	97,485,000	(738,164,000)	87,188,000
Interest expense, net	25,412,000	30,176,000	50,532,000	59,433,000
Other expense, net	1,484,000	3,342,000	7,160,000	4,596,000
(Loss) income before income taxes	(153,690,000)	63,967,000	(795,856,000)	23,159,000
Income tax (benefit) expense	(23,631,000)	15,962,000	(124,129,000)	5,443,000
Net (loss) income	(130,059,000)	48,005,000	(671,727,000)	17,716,000
Less: Net loss attributable to noncontrolling interests	(44,000)	(69,000)	(199,000)	(140,000)
Net (loss) income attributable to common shareholders of Party City Holdco Inc.	$ (130,015,000)	$ 48,074,000	$ (671,528,000)	$ 17,856,000
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.–Basic	$ (1.39)	$ 0.52	$ (7.19)	$ 0.19
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.–Diluted	$ (1.39)	$ 0.51	$ (7.19)	$ 0.19
Weighted-average number of common shares-Basic	93,419,078	93,293,176	93,407,344	93,233,865
Weighted-average number of common shares-Diluted	93,419,078	93,703,546	93,407,344	93,791,763
Comprehensive (loss) income	$ (125,961,000)	$ 48,327,000	$ (679,842,000)	$ 21,690,000
Less: Comprehensive loss attributable to noncontrolling interests	(44,000)	(89,000)	(199,000)	(151,000)
Comprehensive (loss) income attributable to common shareholders of Party City Holdco Inc.	(125,917,000)	48,416,000	(679,643,000)	21,841,000
Net Sales [Member]
Revenues:
Revenues	253,646,000	561,702,000	666,107,000	1,072,804,000
Royalties and Franchise Fees [Member]
Revenues:
Revenues	$ 1,045,000	$ 2,189,000	$ 2,627,000	$ 4,203,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect of Change in Accounting Principle, Net [Member]	Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Time-Based Units [Member]	Performance-Based Units [Member]	Common Stock [Member]	Common Stock [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Additional Paid-in Capital [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Additional Paid-in Capital [Member]Time-Based Units [Member]	Additional Paid-in Capital [Member]Performance-Based Units [Member]	(Accumulated Deficit) Retained Earnings [Member]	(Accumulated Deficit) Retained Earnings [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	(Accumulated Deficit) Retained Earnings [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Other Comprehensive Loss [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Time-Based Units [Member]	Total Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury [Member]Performance-Based Units [Member]	Common Stock Held In Treasury [Member]	Common Stock Held In Treasury [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Cumulative Effect of Change in Accounting Principle, Net [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Time-Based Units [Member]	Total Party City Holdco Inc. Stockholders' Equity [Member]Performance-Based Units [Member]	Non-Controlling Interests [Member]	Non-Controlling Interests [Member]Cumulative Effect of Change in Accounting Principle, Net Adjusted [Member]
Balance at Dec. 31, 2018	$ 1,043,621	$ 159	$ 1,043,780			$ 1,208	$ 1,208	$ 922,476	$ 662	$ 923,138			$ 495,777	$ (503)	$ 495,274	$ (49,201)	$ (49,201)	$ 1,370,260	$ 159	$ 1,370,419			$ (326,930)	$ (326,930)	$ 1,043,330	$ 159	$ 1,043,489			$ 291	$ 291
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201807Member
Net income (loss)	$ 17,716												17,856					17,856							17,856					(140)
Stock option expense	741							741										741							741
Restricted stock units				$ 933	$ 476						$ 933	$ 476									$ 933	$ 476						$ 933	$ 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												48,074					48,074							48,074					(69)
Stock option expense	371							371										371							371
Restricted stock units				541	476						541	476									541	476						541	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
Balance at Dec. 31, 2019	529,721					1,211		928,573					(37,219)			(35,734)		856,831					(327,086)		529,745					(24)
Net income (loss)	(671,727)												(671,528)					(671,528)							(671,528)					(199)
Stock option expense				560	7,847						560	7,847									560	7,847						560	7,847
Restricted stock units				1,139							1,139										1,139							1,139
Director – non-cash compensation	75							75										75							75
Warrant expense	1,033							1,033										1,033							1,033
Acquired non-controlling interest	2,535							2,518										2,518							2,518					17
Treasury Stock purchases	(84)																						(84)		(84)
Foreign currency adjustments	(8,187)															(8,187)		(8,187)							(8,187)
Impact of foreign exchange contracts, net	72															72		72							72
Balance at Jun. 30, 2020	(137,016)					1,211		941,745					(708,747)			(43,849)		190,360					(327,170)		(136,810)					(206)
Balance at Mar. 31, 2020	(19,626)					1,211		933,174					(578,732)			(47,947)		307,706					(327,170)		(19,464)					(162)
Net income (loss)	(130,059)												(130,015)					(130,015)							(130,015)					(44)
Stock option expense				206	$ 7,847						206	$ 7,847									206	$ 7,847						206	$ 7,847
Restricted stock units				$ 518							$ 518										$ 518							$ 518
Foreign currency adjustments	4,014															4,014		4,014							4,014
Impact of foreign exchange contracts, net	84															84		84							84
Balance at Jun. 30, 2020	$ (137,016)					$ 1,211		$ 941,745					$ (708,747)			$ (43,849)		$ 190,360					$ (327,170)		$ (136,810)					$ (206)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows used in operating activities:
Net (loss) income	$ (671,727,000)	$ 17,716,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expense	40,518,000	43,225,000
Amortization of deferred financing costs and original issuance discounts	2,401,000	2,289,000
Provision for doubtful accounts	4,443,000	596,000
Deferred income tax benefit	(58,440,000)	(10,779,000)
Change in operating lease liability/asset	44,803,000	(21,406,000)
Undistributed income (loss) in equity method investments	415,000	(202,000)
Loss (gain) on disposal of assets	93,000	(59,087,000)
Non-cash adjustment for store impairment and restructuring charges	16,458,000	19,490,000
Goodwill and intangibles impairment	536,648,000	0
Non-employee equity-based compensation (see Note 19 – Kazzam, LLC)	1,033,000	258,000
Stock option expense – time – based	560,000	741,000
Stock option expense – performance – based	7,847,000
Restricted stock unit expense – time-based	1,139,000	933,000
Restricted stock unit expense – performance-based		476,000
Directors – non-cash compensation	75,000	165,000
Changes in operating assets and liabilities, net of effects of acquired businesses:
Decrease in accounts receivable	56,315,000	6,588,000
Decrease (increase) in inventories	20,055,000	(31,145,000)
Increase in prepaid expenses and other current assets	(47,700,000)	(4,333,000)
Decrease (increase) in accounts payable, accrued expenses and income taxes payable	(3,717,000)	(71,438,000)
Net cash used in operating activities	(48,781,000)	(105,913,000)
Cash flows (used in) provided by investing activities:
Cash paid in connection with acquisitions, net of cash acquired		(545,000)
Capital expenditures	(18,332,000)	(31,098,000)
Proceeds from disposal of property and equipment	7,000	113,799,000
Net cash (used in) provided by investing activities	(18,325,000)	82,156,000
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(79,763,000)	(148,526,000)
Proceeds from loans, notes payable and long-term obligations	269,874,000	157,440,000
Stock repurchases	(85,000)	(156,000)
Exercise of stock options		1,088,000
Debt issuance costs		(343,000)
Net cash provided by financing activities	190,026,000	9,503,000
Effect of exchange rate changes on cash and cash equivalents	(3,945,000)	2,166,000
Net increase (decrease) in cash and cash equivalents and restricted cash	118,975,000	(12,088,000)
Cash and cash equivalents and restricted cash at beginning of period	35,176,000	59,219,000
Cash and cash equivalents and restricted cash at end of period	154,151,000	47,131,000
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	43,402,000	57,503,000
Cash paid during the period for income taxes, net of refunds	$ 11,854,000	$ 31,924,000

Description of Business

Description of Business	6 Months Ended
	Jun. 30, 2020
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 the leading party goods company by revenue in North America and, we believe, the largest vertically integrated supplier of decorated party goods globally by revenue. The Company is a popular one-stop shopping destination for party supplies, balloons, and costumes. In addition to being a great retail brand, the Company is a global, world-class organization that combines state-of-the-art manufacturing and sourcing operations, and sophisticated wholesale operations complemented by a multi-channel retailing strategy and e-commerce retail operations. The Company is a leading player in its category and vertically integrated in its breadth and depth. The Company designs, manufactures, sources and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. As of June 30, 2020 the Company’s retail operations include 854 specialty retail party supply stores (including franchise stores) throughout the United States and Mexico operating under the names Party City and Halloween City, and e-commerce websites, including through the domain name PartyCity.com and others. In March 2020, the World Health Organization declared COVID-19 a global pandemic, and governmental authorities around the world have implemented measures to reduce the spread of the virus. The global spread of COVID-19 and the measures to contain it have negatively impacted the global economy, disrupted global supply chains, and created significant volatility and disruption in financial markets. In response to COVID-19, to safeguard the health and safety of its team members and customers, the Company temporarily closed all of its corporate retail stores as of March 18, 2020. During the temporary store closures, the Company offered curbside pickup and the Company’s e-commerce site, www.partycity.com, remained fully operational. 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, 2020
Accounting Policies [Abstract]
Basis of Presentation and Recently Issued Accounting Pronouncements	Note 2 – Basis of Presentation and Recently Issued Accounting Pronouncements The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its majority-owned and controlled entities. All intercompany balances and transactions have been eliminated in consolidation. The unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included in the unaudited condensed consolidated financial statements. The majority of our retail operations define a fiscal year (“Fiscal Year”) as the 52-week period or 53-week period ended on the Saturday nearest December 31st of each year and define fiscal quarters (“Fiscal Quarter”) as the four interim 13-week periods following the end of the previous Fiscal Year, except in the case of a 53-week Fiscal Year when the fourth Fiscal Quarter is extended to 14 weeks. The condensed consolidated financial statements of the Company combine the Fiscal Quarters of our retail operations with the calendar quarters of our wholesale operations. The Company has determined the differences between the retail operation’s Fiscal Year and Fiscal Quarters and the calendar year and calendar quarters to be insignificant. Operating results for interim periods are not necessarily indicative of the results to be expected for the year ending December 31, 2020. Our business is subject to substantial seasonal variations as our retail segment has historically realized a significant portion of its net sales, cash flows and net income in the fourth quarter of each year, principally due to its Halloween season sales in October and, to a lesser extent, other year-end holiday sales. We expect that this general pattern will continue. Our results of operations may also be affected by industry factors that may be specific to a particular period, such as movement in and the general level of raw material costs and the uncertainty surrounding the impact of the COVID-19 pandemic. Recently Issued and Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, “Fair Value Measurement (Topic 820) – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. The new guidance improves and clarifies the fair value measurement disclosure requirements of ASC 820. The new disclosure requirements include the disclosure of the changes in unrealized gains or losses included in other comprehensive (loss) income for recurring Level 3 fair value measurements held at the end of the reporting period and the explicit requirement to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The other provisions of ASU 2018-13 also include eliminated and modified disclosure requirements. The guidance was effective for fiscal years beginning after December 15, 2019. The Company has adopted this guidance effective January 1, 2020, prospectively and the adoption and application of this standard did not have a material impact to the consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, “Compensation — Stock Compensation: Improvements to Nonemployee Share-Based Payment Accounting”. The ASU simplifies the accounting for non-employee share-based payments. The Company adopted the update during the first quarter of 2019. The pronouncement requires companies to record the impact of adoption, if any, as a cumulative-effect adjustment to retained earnings as of the adoption date. Therefore, on January 1, 2019, the Company decreased retained earnings by $503. Additionally, the Company increased additional paid-in capital by $662 and recorded a $159 deferred income tax asset. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities”. The pronouncement amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. The Company adopted the update during the first quarter of 2019 and such adoption had no impact on the Company’s consolidated financial statements. In January 2017 the FASB issued ASU No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to measure a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the amendments in ASU 2017-04, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized will not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity will consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Company adopted ASU No. 2017-04 during the first quarter of 2019 and such adoption had no impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses”. The ASU changes how entities will account for credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The ASU requires that an entity measure and recognize expected credit losses at the time the asset is recorded, while considering a broader range of information to estimate credit losses including macroeconomic conditions that correlate with historical loss experience, delinquency trends and aging behavior of receivables, among others. The Company has adopted this guidance effective January 1, 2020, prospectively, with respect to its receivables, and the adoption and application of this standard did not have a material impact to the consolidated financial statements during the first six months of 2020. The Company maintains allowances for credit losses resulting from the inability of the Company’s customers to make required payments. Judgment is required in assessing the ultimate realization of these receivables, including consideration of the Company’s history of receivable write-offs, the level of past due accounts and the economic status of the Company’s customers. In an effort to identify adverse trends relative to customer economic status, the Company assesses the financial health of the markets it operates in and performs periodic credit evaluations of its customers and ongoing reviews of account balances and aging of receivables. Amounts are considered past due when payment has not been received within the time frame of the credit terms extended. Write-offs are charged directly against the allowance for credit losses and occur only after all collection efforts have been exhausted. The Company will continue to actively monitor the impact of the COVID-19 pandemic on expected losses. At June 30, 2020 and December 31, 2019, the allowance for credit losses was $8,620 and $4,786, respectively. In February 2016, the FASB issued ASU 2016-02, “Leases”. The ASU requires that companies recognize assets and liabilities for the rights and obligations created by companies’ leases. The Company’s lease portfolio is primarily comprised of store leases, manufacturing and distribution facility leases, warehouse leases and office leases. Most of the leases are operating leases. The Company’s finance leases are not material to its consolidated financial statements. 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 its operating lease arrangements with terms of greater than twelve months. The pronouncement had no impact on the Company’s consolidated statement of operations and comprehensive loss and it did not impact the Company’s compliance with its debt covenants. Additionally, the standard requires companies to make certain annual disclosures, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Store Impairment and Restructur

Store Impairment and Restructuring Charges	6 Months Ended
	Jun. 30, 2020
Restructuring And Related Activities [Abstract]
Store Impairment and Restructuring Charges	Note 3 – Store Impairment and Restructuring Charges Each year, the Company typically closes approximately ten 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. The Company performed a comprehensive review of its store locations aimed at improving the overall productivity of such locations (“store optimization program”). 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 stores, which are primarily located in close proximity to other Party City stores. In 2019, 55 stores were identified for closure, out of which 35 stores were closed in 2019 and 20 stores were closed in January 2020. In addition, 21 stores were identified in the first quarter of 2020 for closure at a future date. These closings should provide the Company with capital flexibility to expand into underserved markets. In addition, the Company evaluated the recoverability of long lived assets at the open stores and recorded an impairment charge associated with the operating lease asset and property, plant and equipment for open stores where sales were affected due to the outbreak of, and local, state and federal governmental responses to, COVID-19. In conjunction with the store optimization program and store impairment, during the three and six months ended June 30, 2020 and 2019, the Company recorded the following charges: Three Months Ended June 30, 2020 2019 Inventory reserves $ — $ 3,656 Operating lease asset impairment 181 940 Property, plant and equipment impairment — 541 Labor and other costs incurred closing stores 983 3,753 Total $ 1,164 $ 8,890 Six Months Ended June 30, 2020 2019 Inventory reserves $ 11,696 $ 21,285 Operating lease asset impairment 14,393 14,149 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 2,434 3,753 Severance — 661 Total $ 30,588 $ 44,528 Amounts disclosed above represent the Company’s best estimate of the total charges that are expected to be recorded. As the Company closes the stores, it records charges for common area maintenance, insurance and taxes to be paid subsequent to such closures in accordance with the stores’ lease agreements. However, such amounts are immaterial. Additionally, the Company incurs costs while moving inventory, cleaning the stores and returning them to their original condition. Such costs are also immaterial. The fair values of the operating lease assets and property, plant and equipment were determined based on estimated future discounted cash flows for such assets using market participant assumptions, including data on the ability to sub-lease the stores. The charge for inventory reserves is related to inventory that is disposed of following the closures of the stores and inventory that is sold below cost prior to such closures. The charge for inventory reserves was recorded in cost of sales in the Company’s statement of operations and comprehensive loss. The other charges were recorded in Store impairment and restructuring charges in the Company’s statement of operations and comprehensive loss. The Company cannot guarantee that it will be able to achieve the anticipated benefits from the store optimization program. If the Company is unable to achieve such benefits, its results of operations and financial condition could be affected.

Goodwill and Intangibles Impair

Goodwill and Intangibles Impairment	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Asset Impairment [Abstract]
Goodwill and Intangibles Impairment	Note 4 – Goodwill and Intangibles Impairment The Company reviews goodwill and other intangibles that have indefinite lives for impairment annually as of October 1 or when events or changes in circumstances indicate the carrying value of these assets might exceed their current fair values. Impairment testing is based upon the best information available including estimates of fair value which incorporate assumptions marketplace participants would use in making their estimates of fair value. Significant assumptions and estimates are required, including, but not limited to, projecting future cash flows, determining appropriate discount rates and terminal growth rates, and other assumptions, to estimate the fair value of goodwill and indefinite lived intangible assets. Although the Company believes the assumptions and estimates made are reasonable and appropriate, different assumptions and estimates could materially impact its reported financial results. During the three months ended March 31, 2020, the Company identified intangible assets’ impairment indicators associated with its market capitalization and significantly reduced customer demand for its products due to COVID-19. As a result, the Company performed interim impairment tests on the goodwill at its retail and wholesale reporting units and its other indefinite lived intangible assets as of March 31, 2020. The interim impairment tests were performed using an income approach. The Company recognized non-cash pre-tax goodwill impairment charges at March 31, 2020 of $253,110 and $148,326 against the goodwill associated with its retail and wholesale reporting units, respectively. In addition, during the three months ended March 31, 2020, the Company recorded an impairment charge of $131,287 and $3,925 on its Party City and Halloween City tradenames, respectively. There was no impairment for the three months ended June 30, 2020. During 2019, there was no impairment on the Party City trade name and the Company recorded a Halloween City trade name impairment charge of $6,575. There was no goodwill and other intangible assets impairment charge for the three months ended June 30, 2020 and 2019 and six months ended June 30, 2019.

Sale_Leaseback Transaction

Sale/Leaseback Transaction	6 Months Ended
	Jun. 30, 2020
Sales Leaseback Transaction Disclosure [Abstract]
Sale/Leaseback Transaction	Note 5 – Sale/Leaseback Transaction In June 2019, the Company sold its main distribution center in Chester, New York, its metallic balloons manufacturing facility in Eden Prairie, Minnesota, and its injection molded plastics manufacturing facility in Los Lunas, New Mexico. Simultaneously, the Company entered into twenty-year leases for each of the facilities. The aggregate sale price was $128,000 and, during the year ended December 31, 2019, the Company recorded a $58,381 gain on the sale, net of transaction costs, in the Company’s condensed consolidated statement of operations and comprehensive loss. Under the terms of the lease agreements, the Company pays 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 resulted 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 proceeds as a financing lease. As of June 30, 2020 and December 31, 2019 $11,898 and $11,990 is recorded as a part of a Finance lease, respectively. In conjunction with the sale/leaseback transaction, the Company amended its Term Loan Credit Agreement. The amendment required the Company to use half of the proceeds from the transaction, net of costs, to paydown part of the outstanding balance under such debt agreement. Additionally, the amendment required the Company to pay an immaterial “consent fee” to the lenders. As the Term Loan Credit Agreement is a loan syndication, the Company assessed, on a creditor-by-creditor basis, whether the amendment should be accounted for as an extinguishment or a modification. The Company concluded that, for each creditor, the amendment should be accounted for as a modification. Therefore, no capitalized deferred financing costs or original issuance discounts were written off in conjunction with the amendment. During June 2019, the Company used proceeds from the sale (net of costs) described in this Note 5 – Sale/Leaseback

Disposition of Assets

Disposition of Assets	6 Months Ended
	Jun. 30, 2020
Discontinued Operations And Disposal Groups [Abstract]
Disposition of Assets	Note 6 – Disposition of Assets On October 1, 2019, the Company sold its Canadian-based Party City stores to a Canadian-based retailer for $131,711 and entered into a 10-year supply agreement under which the acquirer agreed to purchase product from the Company for such Party City stores, as well as acquirer’s other stores. The Company has reinvested a significant portion of the cash proceeds (net of costs) received from such sale in assets used or useful in the business of the Company and its subsidiaries and expects to so reinvest the balance of those proceeds in the near future.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Note 7 – Inventories Inventories consisted of the following: June 30, 2020 December 31, 2019 Finished goods $ 587,327 $ 606,036 Raw materials 30,958 34,259 Work in process 16,729 18,124 $ 635,014 $ 658,419 Inventories are valued at the lower of cost or net realizable value. The Company principally determines the cost of inventory using the weighted average method. The Company estimates retail inventory shrinkage for the period between physical inventory dates on a store-by-store basis. Inventory shrinkage estimates can be affected by changes in merchandise mix and changes in actual shortage trends. The shrinkage rate from the most recent physical inventory, in combination with historical experience, is the basis for estimating shrinkage.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 8 – Income Taxes On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act (“the CARES Act”) was signed into law. The CARES Act is a $2 trillion legislative package intended to provide economic relief to companies impacted by the COVID-19 pandemic, and it enacted a number of Internal Revenue Code modifications which are of particular benefit to the Company, including: 5-year net operating loss carryback, temporary relaxation of the limitations on interest deductions, qualified improvement property eligible for bonus depreciation, employee retention tax credits, and deferral of payment of payroll tax. The effective income tax rate for the six months ended June 30, 2020 of 15.6% is different from the statutory rate of 21.0% primarily due to the non-deductible portions of goodwill impairment charges (see Note 4 – Goodwill and Intangibles Impairment above for further discussion), state taxes, and a rate benefit related to the carryback of a net operating loss to years when the statutory income tax rate was 35.0%.

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	Note 9 – Changes in Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2020 $ (49,635 ) $ 1,688 $ (47,947 ) Other comprehensive income before reclassifications, net of tax 4,014 59 4,073 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 25 25 Net current-period other comprehensive income 4,014 84 4,098 Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) 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 556 (3 ) 553 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, 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 ) Six Months Ended June 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2019 $ (37,434 ) $ 1,700 $ (35,734 ) Other comprehensive (loss) income before reclassifications, net of tax (8,187 ) 70 (8,117 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 2 2 Net current-period other comprehensive (loss) income (8,187 ) 72 (8,115 ) Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) 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 income tax 4,712 60 4,772 Amounts 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 )

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Capital Stock	Note 10 – Capital Stock At June 30, 2020, 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 2013, Party City Holdco granted performance-based stock options to key employees and independent directors. For those performance-based options, vesting was contingent on Thomas H. Lee Partners, L.P. (“THL”) achieving specified investment returns when it sold its entire ownership stake in Party City Holdco. In June 2020, THL distributed its remaining shares. At the time of the THL distribution, there were 2,539,600 performance options outstanding with an average grant date fair value of $3.09. None of the performance-based options vested as the specified investment returns were not attained. The Company recorded compensation expense of $7,847.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Note 11 – 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, 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, 2020 and June 30, 2019 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2020 Revenues: Net sales $ 131,296 $ 184,737 $ 316,033 Royalties and franchise fees — 1,045 1,045 Total revenues 131,296 185,782 317,078 Eliminations (62,387 ) — (62,387 ) Net revenues $ 68,909 $ 185,782 $ 254,691 Loss from operations $ (55,892 ) $ (70,902 ) $ (126,794 ) Interest expense, net 25,412 Other expense, net 1,484 Loss before income taxes $ (153,690 ) 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 The Company’s industry segment data for the six months ended June 30, 2020 and 2019 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2020 Revenues: Net sales $ 346,094 $ 486,131 $ 832,225 Royalties and franchise fees — 2,627 2,627 Total revenues 346,094 488,758 834,852 Eliminations (166,118 ) — (166,118 ) Net revenues $ 179,976 $ 488,758 $ 668,734 Loss from operations $ (219,440 ) $ (518,724 ) $ (738,164 ) Interest expense, net 50,532 Other expense, net 7,160 Loss before income taxes $ (795,856 ) 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 In 2019, the Company initiated a store optimization program under which the Company identified approximately 55 Party City stores to be closed. In addition, 21 stores were identified in 2020 for closure at a future date. In conjunction with the program, during three months ended June 30, 2020 and 2019 the Company’s Retail segment recorded $1,164 and $8,890 of store impairment and restructuring charges, respectively. In conjunction with the program, during six months ended June 30, 2020 and 2019 the Company’s Retail segment recorded $30,588 and $44,528 of store impairment and restructuring charges, respectively. See Note 3 – Store Impairment and Restructuring Charges for further detail. 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 and, during the three months ended June 30, 2019, the Company’s Wholesale segment recorded a $58,381 gain on the sale in the Company’s condensed consolidated statement of operations and comprehensive income. See Note 5 – Sale/Leaseback Transaction for further detail. During the three months ended March 31, 2020, the Company identified intangible assets’ impairment indicators associated with its market capitalization and significantly reduced customer demand for its products due to COVID-19. As a result, the Company performed interim impairment tests on the goodwill at its retail and wholesale reporting units and its other indefinite lived intangible assets as of March 31, 2020. As a result, the Company recognized non-cash pre-tax goodwill and trade name impairment charges. See Note 4 – Goodwill and Intangibles Impairment for further detail.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12 – 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, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Note 13 – 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, 2020 and 2019. 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, 2020 and December 31, 2019, the Company had foreign currency exchange contracts that qualified for hedge accounting. No components of these agreements were excluded in the measurement of hedge effectiveness. As these hedges are 100% effective, there is no current impact on earnings due to hedge ineffectiveness. The Company 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 at a later date. The following table displays the fair values of the Company’s derivatives at June 30, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Foreign Exchange Contracts (a) PP $ 70 (a) PP $ — (b) AE $ 35 (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, 2020 and December 31, 2019: Derivative Instrument June 30, 2020 December 31, 2019 Foreign Exchange Contracts $ 10,895 $ 300

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 14 – Fair Value Measurements The provisions of ASC Topic 820, “Fair Value Measurement”, define fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. ASC Topic 820 established a three-level fair value hierarchy that prioritizes the inputs used to measure fair value. This hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. • Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. During 2017, the Company acquired a 28% ownership interest in Punchbowl, Inc. (“Punchbowl”), a provider of digital greeting cards and digital invitations. At such time, the Company provided Punchbowl’s other investors with the ability to “put” their interest in Punchbowl to the Company at a future date. Additionally, at such time, the Company received the ability to “call” the interest of the other investors. During the twelve months ended December 31, 2019, the option was terminated and the Company wrote off its asset related to the call option and reversed its liability related to the put option. Prior to such time, the Company had been adjusting the put liability to fair value on a recurring basis. The liability represented a Level 3 fair value measurement as it was based on unobservable inputs. In November 2019, the Company sold its ownership interest in Punchbowl, and recorded a net charge of $2,169 in other expenses, net for the option termination and the sale of its ownership interest. During 2017, the Company and Ampology, a subsidiary of Trivergence, reached an agreement to form a new legal entity, Kazzam, LLC (“Kazzam”), for the purpose of designing, developing and launching an online exchange platform for party-related services. As part of Ampology’s compensation for designing, developing and launching the exchange platform, Ampology received an ownership interest in Kazzam. The interest had been recorded as redeemable securities in the mezzanine of the Company’s consolidated balance sheet as Ampology had the right to cause the Company to purchase the interest. The liability was adjusted to the greater of the current fair value or the original fair value at the time at which the ownership interest was issued (adjusted for any subsequent changes in the ownership interest percentage). 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. See Note 3 – Store Impairment and Restructuring Charges and Note 4 – Goodwill and Intangibles Impairment 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, 2020 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, 2020 are as follows: June 30, 2020 Carrying Amount Fair Value Term Loan Credit Agreement $ 713,531 $ 334,218 6.125% Senior Notes – due 2023 347,427 73,500 6.625% Senior Notes – due 2026 495,297 102,500 The fair values of the Term Loan Credit Agreement and the Senior Notes represent Level 2 fair value measurements as the debt instruments trade in inactive markets.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 15 – 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. Basic and diluted loss per share is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income attributable to common shareholders of Party City Holdco Inc. $ (130,015 ) $ 48,074 $ (671,528 ) $ 17,856 Weighted average shares - Basic 93,419,078 93,293,176 93,407,344 93,233,865 Effect of dilutive securities: Warrants — — — — Restricted stock units — 19,228 — 23,628 Stock options — 391,142 — 534,270 Weighted average shares - Diluted 93,419,078 93,703,546 93,407,344 93,791,763 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ (1.39 ) $ 0.52 $ (7.19 ) $ 0.19 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ (1.39 ) $ 0.51 $ (7.19 ) $ 0.19 During the three and six months ended June 30, 2020, 3,613,482 stock options, 1,000,000 warrants and 413,968 restricted stock units were excluded from the calculation of net loss per share attributable to common shareholders of Party City Holdco Inc. – diluted as they were anti-dilutive. During the three and six months ended June 30, 2019, 2,118,443 stock options,

Current and Long-Term Obligatio

Current and Long-Term Obligations	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Current and Long-Term Obligations	Note 16 – Current and Long-Term Obligations Long-term obligations at June 30, 2020 and December 31, 2019 consisted of the following: June 30, 2020 December 31, 2019 Term Loan Credit Agreement $ 713,789 $ 718,596 6.125% Senior Notes – due 2023 347,427 347,015 6.625% Senior Notes – due 2026 495,297 494,910 Finance lease obligations 14,873 14,990 Total long-term obligations 1,571,386 1,575,511 Less: current portion (13,810 ) (71,524 ) Long-term obligations, excluding current portion $ 1,557,576 $ 1,503,987 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) (the “ABL Facility”), which matures during August 2023 (subject to a springing maturity at an earlier date if the maturity date of certain of the Company’s other debt has not been extended or refinanced). It provides for (a) revolving loans, subject to a borrowing base, and (b) letters of credit, in an aggregate face amount at any time outstanding not to exceed $50,000. During April 2019, the Company amended the ABL Facility. Such amendment removed the seasonal component and made the ABL Facility a $640,000 facility with no seasonal modification component. In the first half of 2020 the Company drew down $269.9 million under the ABL Facility. At June 30, 2020, $119.6 million was invested in US Treasury funds with maturities of less than three months. The Company had approximately $136.1 million of availability under the ABL Facility as of June 30, 2020. Refer to Note 20 – Subsequent Events for

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	Note 17 – Revenue from Contracts with Customers The following table summarizes revenue from contracts with customers for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Retail Net Sales: North American Party City Stores $ 147,729 $ 387,308 $ 407,607 $ 733,448 Global E-commerce 33,675 35,364 63,428 67,172 Other 3,333 485 15,096 690 Total Retail Net Sales $ 184,737 $ 423,157 $ 486,131 $ 801,310 Royalties and Franchise Fees 1,045 2,189 2,627 4,203 Total Retail Revenue $ 185,782 $ 425,346 $ 488,758 $ 805,513 Wholesale Net Sales: Domestic $ 39,121 $ 74,766 $ 97,875 $ 148,587 International 29,788 63,779 82,101 122,907 Total Wholesale Net Sales $ 68,909 $ 138,545 $ 179,976 $ 271,494 Total Consolidated Revenue $ 254,691 $ 563,891 $ 668,734 $ 1,077,007

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	6 Months Ended
	Jun. 30, 2020
Text Block [Abstract]
Cash, Cash Equivalents and Restricted Cash	Note 18 – Cash, Cash Equivalents and Restricted Cash The Company’s June 30, 2020 consolidated balance sheet included $154,133 of cash and cash equivalents (with maturities of less than three months) and $18 of restricted cash. The Company’s December 31, 2019 consolidated balance sheet included $34,917 of cash and cash equivalents and $259 of restricted cash. Restricted cash is recorded in Prepaid expenses and other current assets.

Kazzam, LLC

Kazzam, LLC	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Kazzam, LLC	Note 19 – Kazzam, LLC During the first quarter of 2017, the Company and Ampology, a subsidiary of Trivergence, reached an agreement to form a new legal entity, Kazzam, LLC (“Kazzam”), for the purpose of designing, developing and launching an online exchange platform for party-related services. At December 31, 2019, although the Company owned 26% of Kazzam’s equity, Kazzam was a variable interest entity and the Company consolidated Kazzam into the Company’s financial statements. Further, the Company was funding all of Kazzam’s start-up activities via a loan to Kazzam and recorded its operating results in “development stage expenses” in the Company’s consolidated statement of operations and comprehensive (loss) income. Ampology’s ownership interest in Kazzam had been recorded in redeemable securities in the mezzanine of the Company’s consolidated balance sheet. In January 2020, the Company and Ampology terminated certain services agreements and warrants that Ampology had in the Company stock. The parties concurrently entered into an interim transition agreement for which expenses are recorded as development stage expenses. On March 23, 2020, the Company agreed to purchase Ampology’s interest in Kazzam in exchange for a three-year

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 20 – Subsequent Events Completion of Refinancing Transactions On July 30, 2020 (the “Settlement Date”), the Company and certain of its direct or indirect subsidiaries, including PCHI, Anagram Holdings, LLC, a Delaware limited liability company and wholly owned direct subsidiary of PCHI (“Anagram Holdings”), and Anagram International, Inc., a Minnesota corporation and wholly owned direct subsidiary of Anagram Holdings, completed certain previously announced refinancing transactions, including, among other things: (i) the exchange of $327,076,000.00 of 6.125% Senior Notes due 2023 (the “2023 Notes”) and $392,746,000.00 of 6.625% Senior Notes due 2026 (the “2026 Notes” and, together with the 2023 Notes, the “Existing Notes”) issued by PCHI, in each case tendered in the Company’s offers to exchange pursuant to the terms described in a confidential offering memorandum, for (A) $156,669,177.00 of Senior Secured First Lien Floating Rate Notes due 2025 (the “First Lien Party City Notes”) issued by PCHI; (B) $84,686,977.00 of 10.00% PIK/Cash Senior Secured Second Lien Notes due 2026 (the “Second Lien Anagram Notes”) issued by Anagram Holdings and Anagram International (together, the “Anagram Issuers”); and (C) 15,942,551 shares of the Company’s common stock, $0.01 par value per share (the “Common Stock”); (ii) the issuance of $110,000,000.00 in the aggregate of 15.00% PIK/Cash Senior Secured First Lien Notes due 2025 (the “First Lien Anagram Notes”) by the Anagram Issuers and an additional $5,000,000 of First Lien Party City Notes in connection with a rights offering and a private placement, as applicable; and (iii) the solicitations of certain consents (the “Consent Solicitations”) with respect to the indentures governing Existing Notes. The First Lien Party City Notes were issued pursuant to an indenture, dated as of the Settlement Date, among PCHI, as issuer, certain guarantors party thereto (the “Party City Guarantors”) and Ankura Trust Company, LLC (“Ankura”), as trustee and collateral trustee. The First Lien Party City Notes were issued in an aggregate amount of $161,669,177.00 and will mature on July 15, 2025. Interest on the First Lien Party City Notes accrues from the Settlement Date at a floating rate equal to the 6-month London Inter-Bank Offered Rate plus 500 basis points (with a floor of 75 basis points) per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2021. The First Lien Party City Notes are senior secured obligations of PCHI and the Party City Guarantors. The First Lien Party City Notes are pari passu in right of payment with all of PCHI’ other senior indebtedness, including the existing senior secured term loan facility and the ABL Facility, and are structurally subordinated to the First Lien Anagram Notes and the Second Lien Anagram Notes, to the extent of the value of the Anagram Collateral (as defined below). The First Lien Party City Notes are secured by a first priority lien on collateral that includes liens on substantially all assets (other than certain accounts, inventory, deposit accounts, securities accounts, related assets and general intangibles) of the Party City Guarantors, in each case subject to certain exceptions and permitted liens. The First Lien Anagram Notes were issued pursuant to an indenture, dated as of the Settlement Date, among Anagram Holdings, as issuer, Anagram International, as co-issuer, certain guarantors party thereto (the “Anagram Guarantors”) and Ankura, as trustee and collateral trustee. The First Lien Anagram Notes were issued in an aggregate amount of $110,000,000.00 and will mature on August 15, 2025. Interest on the First Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 10.00% per annum, payable in cash; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding First Lien Anagram Notes or issuing additional First Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021. The First Lien Anagram Notes are senior secured obligations of the Anagram Issuers and are pari passu in right of payment with all of the Anagram Issuers’ other senior indebtedness. The First Lien Anagram Notes are secured by a first priority lien on collateral that consists of substantially all assets and properties of the Anagram Issuers and the Anagram Guarantors, subject to certain exceptions and permitted liens (the “Anagram Collateral”). Such security interests are senior in priority to the security interests in such assets that secure the Second Lien Anagram Notes. The Second Lien Anagram Notes were issued pursuant to an indenture, dated as of the Settlement Date, among Anagram Holdings, as issuer, Anagram International, as co-issuer, the Anagram Guarantors and Ankura, as trustee and collateral trustee. The Second Lien Anagram Notes were issued in an aggregate amount of $84,686,977.00 and will mature on August 15, 2026. Interest on the Second Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 5.00% per annum, payable, at the Anagram Issuers’ option, entirely in cash or entirely by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021; provided however In connection with the refinancing transactions described above, PCHI (1) reduced the ABL revolving commitments and prepaid the outstanding ABL revolving loans, in each case, in an aggregate principal amount equal to $44,000,000.00, in accordance with the ABL Facility credit agreement, and (2) designated Anagram Holdings and each of its subsidiaries as an unrestricted subsidiary under the ABL Facility and the Term Loan Credit Agreement. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On April 9, 2020, the Company received written notice (the “Notice”) from the New York Stock Exchange (the “NYSE”) that the Company is no longer in compliance with the NYSE continued listing standards set forth in Section 802.01C of the NYSE’s Listed Company Manual, which requires listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. Under NYSE continued listing standards, the Company has a period of six months following the receipt of the Notice to regain compliance with the minimum share price requirement. However, on April 20, 2020, the NYSE made a rule filing with the Securities and Exchange Commission for relief on the $1.00 share closing price standard, which became effective on April 21, 2020. The relief provides issuers additional time to cure noncompliance with the $1.00 share closing price standard. As a result, the Company’s new noncompliance cure expiration date was December 18, 2020. The Company regained compliance after its closing share price on June 30, 2020 and its average closing price for the 30 trading-day period ending June 30, 2020 both exceeded $1.00. Registration of Additional Shares On July 10, 2020, the Company filed a registration statement on Form S-8 to register an additional 1,600,000 shares under its Registrant’s Amended and Restated 2012 Omnibus Equity Incentive Plan.

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Recently Issued and Adopted Accounting Pronouncements	Recently Issued and Adopted Accounting Pronouncements In August 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2018-13, “Fair Value Measurement (Topic 820) – Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement”. The new guidance improves and clarifies the fair value measurement disclosure requirements of ASC 820. The new disclosure requirements include the disclosure of the changes in unrealized gains or losses included in other comprehensive (loss) income for recurring Level 3 fair value measurements held at the end of the reporting period and the explicit requirement to disclose the range and weighted average used to develop significant unobservable inputs for Level 3 fair value measurements. The other provisions of ASU 2018-13 also include eliminated and modified disclosure requirements. The guidance was effective for fiscal years beginning after December 15, 2019. The Company has adopted this guidance effective January 1, 2020, prospectively and the adoption and application of this standard did not have a material impact to the consolidated financial statements. In June 2018, the FASB issued ASU 2018-07, “Compensation — Stock Compensation: Improvements to Nonemployee Share-Based Payment Accounting”. The ASU simplifies the accounting for non-employee share-based payments. The Company adopted the update during the first quarter of 2019. The pronouncement requires companies to record the impact of adoption, if any, as a cumulative-effect adjustment to retained earnings as of the adoption date. Therefore, on January 1, 2019, the Company decreased retained earnings by $503. Additionally, the Company increased additional paid-in capital by $662 and recorded a $159 deferred income tax asset. In August 2017, the FASB issued ASU 2017-12, “Derivatives and Hedging: Targeted Improvements to Accounting for Hedging Activities”. The pronouncement amends the existing hedge accounting model in order to enable entities to better portray the economics of their risk management activities in their financial statements. The Company adopted the update during the first quarter of 2019 and such adoption had no impact on the Company’s consolidated financial statements. In January 2017 the FASB issued ASU No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment”, which eliminates the requirement to measure a goodwill impairment loss by comparing the implied fair value of a reporting unit’s goodwill with the carrying amount of that goodwill. Under the amendments in ASU 2017-04, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity will recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized will not exceed the total amount of goodwill allocated to that reporting unit. Additionally, an entity will consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The Company adopted ASU No. 2017-04 during the first quarter of 2019 and such adoption had no impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016-13, “Financial Instruments – Credit Losses”. The ASU changes how entities will account for credit losses for most financial assets and certain other instruments that are not measured at fair value through net income. The ASU requires that an entity measure and recognize expected credit losses at the time the asset is recorded, while considering a broader range of information to estimate credit losses including macroeconomic conditions that correlate with historical loss experience, delinquency trends and aging behavior of receivables, among others. The Company has adopted this guidance effective January 1, 2020, prospectively, with respect to its receivables, and the adoption and application of this standard did not have a material impact to the consolidated financial statements during the first six months of 2020. The Company maintains allowances for credit losses resulting from the inability of the Company’s customers to make required payments. Judgment is required in assessing the ultimate realization of these receivables, including consideration of the Company’s history of receivable write-offs, the level of past due accounts and the economic status of the Company’s customers. In an effort to identify adverse trends relative to customer economic status, the Company assesses the financial health of the markets it operates in and performs periodic credit evaluations of its customers and ongoing reviews of account balances and aging of receivables. Amounts are considered past due when payment has not been received within the time frame of the credit terms extended. Write-offs are charged directly against the allowance for credit losses and occur only after all collection efforts have been exhausted. The Company will continue to actively monitor the impact of the COVID-19 pandemic on expected losses. At June 30, 2020 and December 31, 2019, the allowance for credit losses was $8,620 and $4,786, respectively. In February 2016, the FASB issued ASU 2016-02, “Leases”. The ASU requires that companies recognize assets and liabilities for the rights and obligations created by companies’ leases. The Company’s lease portfolio is primarily comprised of store leases, manufacturing and distribution facility leases, warehouse leases and office leases. Most of the leases are operating leases. The Company’s finance leases are not material to its consolidated financial statements. 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 its operating lease arrangements with terms of greater than twelve months. The pronouncement had no impact on the Company’s consolidated statement of operations and comprehensive loss and it did not impact the Company’s compliance with its debt covenants. Additionally, the standard requires companies to make certain annual disclosures, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.

Store Impairment and Restruct_2

Store Impairment and Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring And Related Activities [Abstract]
Store Impairment and Restructuring charges	In conjunction with the store optimization program and store impairment, during the three and six months ended June 30, 2020 and 2019, the Company recorded the following charges: Three Months Ended June 30, 2020 2019 Inventory reserves $ — $ 3,656 Operating lease asset impairment 181 940 Property, plant and equipment impairment — 541 Labor and other costs incurred closing stores 983 3,753 Total $ 1,164 $ 8,890 Six Months Ended June 30, 2020 2019 Inventory reserves $ 11,696 $ 21,285 Operating lease asset impairment 14,393 14,149 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 2,434 3,753 Severance — 661 Total $ 30,588 $ 44,528

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following: June 30, 2020 December 31, 2019 Finished goods $ 587,327 $ 606,036 Raw materials 30,958 34,259 Work in process 16,729 18,124 $ 635,014 $ 658,419

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended June 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at March 31, 2020 $ (49,635 ) $ 1,688 $ (47,947 ) Other comprehensive income before reclassifications, net of tax 4,014 59 4,073 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 25 25 Net current-period other comprehensive income 4,014 84 4,098 Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) 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 556 (3 ) 553 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, 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 ) Six Months Ended June 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at December 31, 2019 $ (37,434 ) $ 1,700 $ (35,734 ) Other comprehensive (loss) income before reclassifications, net of tax (8,187 ) 70 (8,117 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 2 2 Net current-period other comprehensive (loss) income (8,187 ) 72 (8,115 ) Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) 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 income tax 4,712 60 4,772 Amounts 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 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended June 30, 2020 and June 30, 2019 was as follows: Wholesale Retail Consolidated Three Months Ended June 30, 2020 Revenues: Net sales $ 131,296 $ 184,737 $ 316,033 Royalties and franchise fees — 1,045 1,045 Total revenues 131,296 185,782 317,078 Eliminations (62,387 ) — (62,387 ) Net revenues $ 68,909 $ 185,782 $ 254,691 Loss from operations $ (55,892 ) $ (70,902 ) $ (126,794 ) Interest expense, net 25,412 Other expense, net 1,484 Loss before income taxes $ (153,690 ) 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 The Company’s industry segment data for the six months ended June 30, 2020 and 2019 was as follows: Wholesale Retail Consolidated Six Months Ended June 30, 2020 Revenues: Net sales $ 346,094 $ 486,131 $ 832,225 Royalties and franchise fees — 2,627 2,627 Total revenues 346,094 488,758 834,852 Eliminations (166,118 ) — (166,118 ) Net revenues $ 179,976 $ 488,758 $ 668,734 Loss from operations $ (219,440 ) $ (518,724 ) $ (738,164 ) Interest expense, net 50,532 Other expense, net 7,160 Loss before income taxes $ (795,856 ) 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

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Balance Sheet Line Fair Value Foreign Exchange Contracts (a) PP $ 70 (a) PP $ — (b) AE $ 35 (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, 2020 and December 31, 2019: Derivative Instrument June 30, 2020 December 31, 2019 Foreign Exchange Contracts $ 10,895 $ 300

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Summary of Carrying Amount and Fair Value	The carrying amounts and fair values of borrowings under the Term Loan Credit Agreement and the Company’s senior notes as of June 30, 2020 are as follows: June 30, 2020 Carrying Amount Fair Value Term Loan Credit Agreement $ 713,531 $ 334,218 6.125% Senior Notes – due 2023 347,427 73,500 6.625% Senior Notes – due 2026 495,297 102,500

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Loss Per Share	Basic and diluted loss per share is as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Net (loss) income attributable to common shareholders of Party City Holdco Inc. $ (130,015 ) $ 48,074 $ (671,528 ) $ 17,856 Weighted average shares - Basic 93,419,078 93,293,176 93,407,344 93,233,865 Effect of dilutive securities: Warrants — — — — Restricted stock units — 19,228 — 23,628 Stock options — 391,142 — 534,270 Weighted average shares - Diluted 93,419,078 93,703,546 93,407,344 93,791,763 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ (1.39 ) $ 0.52 $ (7.19 ) $ 0.19 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ (1.39 ) $ 0.51 $ (7.19 ) $ 0.19

Current and Long-Term Obligat_2

Current and Long-Term Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at June 30, 2020 and December 31, 2019 consisted of the following: June 30, 2020 December 31, 2019 Term Loan Credit Agreement $ 713,789 $ 718,596 6.125% Senior Notes – due 2023 347,427 347,015 6.625% Senior Notes – due 2026 495,297 494,910 Finance lease obligations 14,873 14,990 Total long-term obligations 1,571,386 1,575,511 Less: current portion (13,810 ) (71,524 ) Long-term obligations, excluding current portion $ 1,557,576 $ 1,503,987

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2020
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, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Retail Net Sales: North American Party City Stores $ 147,729 $ 387,308 $ 407,607 $ 733,448 Global E-commerce 33,675 35,364 63,428 67,172 Other 3,333 485 15,096 690 Total Retail Net Sales $ 184,737 $ 423,157 $ 486,131 $ 801,310 Royalties and Franchise Fees 1,045 2,189 2,627 4,203 Total Retail Revenue $ 185,782 $ 425,346 $ 488,758 $ 805,513 Wholesale Net Sales: Domestic $ 39,121 $ 74,766 $ 97,875 $ 148,587 International 29,788 63,779 82,101 122,907 Total Wholesale Net Sales $ 68,909 $ 138,545 $ 179,976 $ 271,494 Total Consolidated Revenue $ 254,691 $ 563,891 $ 668,734 $ 1,077,007

Description of Business- Additi

Description of Business- Additional Information (Detail) - Store	6 Months Ended
	Jun. 30, 2020	Jun. 12, 2020
Basis Of Presentation [Line Items]
Percentage of stores reopened		85.00%
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	854

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2019	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings		$ (137,016)	$ (19,626)	$ 529,721	$ 1,069,087	$ 1,019,155	$ 1,043,621
Increased Additional Paid In Capital	$ 662
Increased Deferred Income Tax Asset	159
Allowance for credit losses		8,620		4,786
Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings		$ (708,747)	$ (578,732)	$ (37,219)	$ 513,130	$ 465,056	495,777
Cumulative Effect of Change in Accounting Principle, Net [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings							159
Cumulative Effect of Change in Accounting Principle, Net [Member] | Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings							$ (503)
ASU 2018-13 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date		Jan. 1, 2020
ASU 2018-07 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
ASU 2018-07 [Member] | Cumulative Effect of Change in Accounting Principle, Net [Member] | Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings	$ (503)
ASU 2017-12 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true
ASU 2017-04 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true
ASU 2016-13 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date		Jan. 1, 2020
ASU 2016-02 [Member]
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]		true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]		true

Store Impairment and Restruct_3

Store Impairment and Restructuring Charges - Additional Information (Detail) - Store	1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2020	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Restructuring And Related Activities [Abstract]
Number of stores identified for closure		21	21	55
Number of stores closed	20			35

Store Impairment and Restruct_4

Store Impairment and Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Total	$ 1,164	$ 8,890	$ 30,588	$ 44,528
Cost of Sales [Member]
Inventory reserves		3,656	11,696	21,285
Restructuring Charges [Member]
Operating lease asset impairment	181	940	14,393	14,149
Property, plant and equipment impairment		541	2,065	4,680
Labor and other costs incurred closing stores	$ 983	$ 3,753	$ 2,434	3,753
Severance				$ 661

Goodwill and Intangibles Impa_2

Goodwill and Intangibles Impairment - Additional Information (Detail) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Impairment charge on goodwill and other intangible assets	$ 0		$ 0	$ 536,648,000	$ 0
Party City Holdings Inc [Member]
Impairment charge on intangible asset	0	$ 131,287,000				$ 0
Halloween City Trade Name [Member]
Impairment charge on intangible asset	$ 0	3,925,000				$ 6,575,000
Retail [Member] | Operating Segments [Member]
Goodwill, impairment loss		253,110,000
Wholesale [Member] | Operating Segments [Member]
Goodwill, impairment loss		$ 148,326,000

Sale_Leaseback Transaction - Ad

Sale/Leaseback Transaction - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Aggregate sale price	$ 128,000	$ 128,000		$ 128,000
Gain on the sale net		$ 58,381		$ 58,381	$ 58,381
Lease agreement term			Under the terms of the lease agreements, the Company pays total rent of $8,320 during the first year and the annual rent will increase by 2% thereafter.
Total rent payment			$ 8,320
Long-term debt and lease obligations			1,571,386		1,575,511
Term Loan Credit Agreement [Member]
Proceeds from the sale (net of costs)	125,864
Repayment of Term debt Loan	$ 62,770
Finance Lease Obligations [Member]
Long-term debt and lease obligations			14,873		14,990
Los Lunas New Mexico facility financing [Member] | Finance Lease Obligations [Member]
Long-term debt and lease obligations			$ 11,898		$ 11,990

Disposition of Assets - Additio

Disposition of Assets - Additional Information (Detail) - Canadian Based Retailer [Member] - USD ($) $ in Thousands	Oct. 01, 2019	Jun. 30, 2020
Sale of stores	$ 131,711
Supply agreement term		10 years

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 587,327	$ 606,036
Raw materials	30,958	34,259
Work in process	16,729	18,124
Inventories, net	$ 635,014	$ 658,419

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Trillions	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2017	Mar. 27, 2020
Income Tax Disclosure [Abstract]
CARES Act of 2020 aid			$ 2
U.S. corporate statutory income tax rate	21.00%	35.00%
U.S. corporate income tax rate	15.60%

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 529,745
Ending balance	$ (136,810)		(136,810)
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(49,635)	$ (45,900)	(37,434)	$ (50,056)
Other comprehensive income (loss) before reclassifications, net of income tax	4,014	556	(8,187)	4,712
Net current-period other comprehensive (loss) income	4,014	556	(8,187)	4,712
Ending balance	(45,621)	(45,344)	(45,621)	(45,344)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,688	342	1,700	855
Other comprehensive income (loss) before reclassifications, net of income tax	59	(3)	70	60
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax	25	(211)	2	(787)
Net current-period other comprehensive (loss) income	84	(214)	72	(727)
Ending balance	1,772	128	1,772	128
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(47,947)	(45,558)	(35,734)	(49,201)
Other comprehensive income (loss) before reclassifications, net of income tax	4,073	553	(8,117)	4,772
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax	25	(211)	2	(787)
Net current-period other comprehensive (loss) income	4,098	342	(8,115)	3,985
Ending balance	$ (43,849)	$ (45,216)	$ (43,849)	$ (45,216)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Equity [Abstract]
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
Performance options outstanding	2,539,600
Average grant date fair value | $ / shares	$ 3.09
Performance-based options vested	0
Compensation expense | $	$ 7,847

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020Store	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)StoreSegment	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)Store
Segment Reporting [Abstract]
Number of business segments | Segment				2
Number of stores identified for closure | Store		21		21		55
Store impairment and restructuring charges	$ 1,164		$ 8,890	$ 30,588	$ 44,528
Aggregate sale price			128,000		128,000
Gain on the sale net			$ 58,381		$ 58,381	$ 58,381

Segment Information - Schedule

Segment Information - Schedule of Company's Industry Segment Data (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total revenues	$ 254,691	$ 563,891	$ 668,734	$ 1,077,007
Income (loss) from operations	(126,794)	97,485	(738,164)	87,188
Interest expense, net	25,412	30,176	50,532	59,433
Other expense, net	1,484	3,342	7,160	4,596
Income (loss) before income taxes	(153,690)	63,967	(795,856)	23,159
Operating Segments [Member]
Revenues:
Total revenues	317,078	714,413	834,852	1,384,881
Eliminations [Member]
Revenues:
Total revenues	(62,387)	(150,522)	(166,118)	(307,874)
Net Sales [Member]
Revenues:
Revenues	253,646	561,702	666,107	1,072,804
Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	316,033	712,224	832,225	1,380,678
Royalties and Franchise Fees [Member]
Revenues:
Revenues	1,045	2,189	2,627	4,203
Royalties and Franchise Fees [Member] | Operating Segments [Member]
Revenues:
Revenues	1,045	2,189	2,627	4,203
Wholesale [Member]
Revenues:
Total revenues	68,909	138,545	179,976	271,494
Income (loss) from operations	(55,892)	60,297	(219,440)	62,520
Wholesale [Member] | Operating Segments [Member]
Revenues:
Total revenues	131,296	289,067	346,094	579,368
Wholesale [Member] | Eliminations [Member]
Revenues:
Total revenues	(62,387)	(150,522)	(166,118)	(307,874)
Wholesale [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	131,296	289,067	346,094	579,368
Retail [Member]
Revenues:
Total revenues	185,782	425,346	488,758	805,513
Income (loss) from operations	(70,902)	37,188	(518,724)	24,668
Retail [Member] | Operating Segments [Member]
Revenues:
Total revenues	185,782	425,346	488,758	805,513
Retail [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	184,737	423,157	486,131	801,310
Retail [Member] | Royalties and Franchise Fees [Member] | Operating Segments [Member]
Revenues:
Revenues	$ 1,045	$ 2,189	$ 2,627	$ 4,203

Derivative Financial Instrume_3

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

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Fair Values of Derivatives (Detail) - Foreign Exchange Contracts [Member] $ in Thousands	Jun. 30, 2020USD ($)
Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Derivative Assets	$ 70
Accrued Expenses [Member]
Derivatives Fair Value [Line Items]
Derivative Liabilities	$ 35

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Foreign Exchange Contracts [Member]
Derivatives Fair Value [Line Items]
Notional amounts	$ 10,895,000	$ 300,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Option on Securities [Member]
Debt Instrument [Line Items]
Derivative assets wrote off cost	$ 2,169
Punchbowl Inc [Member]
Debt Instrument [Line Items]
Equity method investment, ownership percentage	28.00%

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Carrying Amount and Fair Value (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 713,531
Debt Instrument Fair Value	334,218
6.125% Senior Notes - due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	347,427
Debt Instrument Fair Value	73,500
6.625% Senior Notes - due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	495,297
Debt Instrument Fair Value	$ 102,500

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Basic and Diluted Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net (loss) income attributable to common shareholders of Party City Holdco Inc.	$ (130,015)	$ 48,074	$ (671,528)	$ 17,856
Weighted average shares - Basic	93,419,078	93,293,176	93,407,344	93,233,865
Effect of dilutive securities:
Warrants	0	0	0	0
Restricted stock units	0	19,228	0	23,628
Stock options	0	391,142	0	534,270
Weighted average shares - Diluted	93,419,078	93,703,546	93,407,344	93,791,763
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.–Basic	$ (1.39)	$ 0.52	$ (7.19)	$ 0.19
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.–Diluted	$ (1.39)	$ 0.51	$ (7.19)	$ 0.19

Earnings Per share - Additional

Earnings Per share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Stock Option [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of earnings per share	3,613,482	2,118,443	3,613,482	2,118,443
Warrant [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of earnings per share	1,000,000	596,000	1,000,000	596,000
Restricted Stock Units (RSUs) [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of earnings per share	413,968	199,978	413,968	199,978

Current and Long-Term Obligat_3

Current and Long-Term Obligations - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Apr. 25, 2019	Mar. 31, 2019
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			$ 640,000
US Treasury Funds [Member]
Debt Instrument [Line Items]
Short term investment	$ 119,600
Asset Based Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 640,000	540,000
Debt instrument maturity, year and month	2023-08
Letters Of Credit, Maximum Outstanding			$ 50,000
Line of credit drew down	$ 269,900
Line of credit availability	$ 136,100

Current and Long-Term Obligat_4

Current and Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term obligations	$ 1,571,386	$ 1,575,511
Less: current portion	(13,810)	(71,524)
Long-term obligations, excluding current portion	1,557,576	1,503,987
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Total long-term obligations	347,427	347,015
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations	495,297	494,910
Finance lease obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations	14,873	14,990
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 713,789	$ 718,596

Current and Long-Term Obligat_5

Current and Long-Term Obligations - Summary of Long-Term Obligations (Parenthetical) (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Notes issued rate	6.125%	6.125%
Debt instrument maturity period	2023	2023
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Notes issued rate	6.625%	6.625%
Debt instrument maturity period	2026	2026

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, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 254,691	$ 563,891	$ 668,734	$ 1,077,007
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	185,782	425,346	488,758	805,513
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	68,909	138,545	179,976	271,494
Global E-commerce [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	33,675	35,364	63,428	67,172
Other Retail Segment Store [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	3,333	485	15,096	690
Net Sales [Member]
Disaggregation of Revenue [Line Items]
Net Sales	253,646	561,702	666,107	1,072,804
Net Sales [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	184,737	423,157	486,131	801,310
Royalties and Franchise Fees [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,045	2,189	2,627	4,203
Royalties and Franchise Fees [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,045	2,189	2,627	4,203
North America [Member] | Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	147,729	387,308	407,607	733,448
Domestic [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	39,121	74,766	97,875	148,587
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 29,788	$ 63,779	$ 82,101	$ 122,907

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Restricted Cash And Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 154,133	$ 34,917
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	$ 18	$ 259

Kazzam, LLC - Additional Inform

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

Subsequent Events - Additional

Subsequent Events - Additional information (Detail)	Jul. 30, 2020USD ($)BasisPoint$ / sharesshares	Jul. 18, 2020$ / sharesshares	Jul. 10, 2020shares	Jun. 30, 2020$ / shares	Dec. 31, 2019
Common stock, par value | $ / shares				$ 0.01
6.125% Senior Notes due 2023 [Member]
Notes issued rate				6.125%	6.125%
Debt instrument maturity period				2023	2023
6.625% Senior Notes due 2026 [Member]
Notes issued rate				6.625%	6.625%
Debt instrument maturity period				2026	2026
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member]
Authorized capital stock | shares			1,600,000
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation, shares granted | shares		6,448,276
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member] | Vest in Quarter One [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation weighted average of the fair market value per share of the common Stock | $ / shares		$ 2.50
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member] | Vest in Quarter Two [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation weighted average of the fair market value per share of the common Stock | $ / shares		5
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member] | Vest in Quarter Three [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation weighted average of the fair market value per share of the common Stock | $ / shares		7.50
Subsequent Event [Member] | 2012 Omnibus Equity Incentive Plan [Member] | Vest in Quarter Four [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation weighted average of the fair market value per share of the common Stock | $ / shares		$ 10
Subsequent Event [Member] | Asset Based Revolving Credit Facility [Member]
Outstanding aggregate principal amount, prepaid	$ 44,000,000
Subsequent Event [Member] | Refinancing Transactions [Member]
Common stock issued | shares	15,942,551
Common stock, par value | $ / shares	$ 0.01
Subsequent Event [Member] | Refinancing Transactions [Member] | 6.125% Senior Notes due 2023 [Member]
Aggregate principal amount	$ 327,076,000,000
Notes issued rate	6.125%
Debt instrument maturity period	2023
Subsequent Event [Member] | Refinancing Transactions [Member] | 6.625% Senior Notes due 2026 [Member]
Aggregate principal amount	$ 392,746,000,000
Notes issued rate	6.625%
Debt instrument maturity period	2026
Subsequent Event [Member] | Refinancing Transactions [Member] | Senior Secured First Lien Floating Rate Notes Due 2025 [Member]
Aggregate principal amount	$ 156,669,177,000
Debt instrument maturity period	2025
Subsequent Event [Member] | Refinancing Transactions [Member] | 10.00% PIK/Cash Senior Secured Second Lien Notes due 2026 [Member]
Aggregate principal amount	$ 84,686,977,000
Notes issued rate	10.00%
Debt instrument maturity period	2026
Subsequent Event [Member] | Refinancing Transactions [Member] | 15.00% PIK/Cash Senior Secured First Lien Notes due 2025 [Member]
Aggregate principal amount	$ 110,000,000,000
Notes issued rate	15.00%
Debt instrument maturity period	2025
Subsequent Event [Member] | Refinancing Transactions [Member] | First Lien Party City Notes [Member]
Aggregate principal amount	$ 5,000,000,000
Subsequent Event [Member] | Refinancing Transactions [Member] | First Lien Party City Notes Mature on July 15, 2025 [Member]
Aggregate principal amount	$ 161,669,177,000
Debt instrument maturity date	Jul. 15, 2025
Subsequent Event [Member] | Refinancing Transactions [Member] | First Lien Party City Notes Mature on July 15, 2025 [Member] | LIBOR [Member]
Debt instrument, description of variable rate basis	Interest on the First Lien Party City Notes accrues from the Settlement Date at a floating rate equal to the 6-month London Inter-Bank Offered Rate plus 500 basis points (with a floor of 75 basis points) per annum, payable semi-annually in arrears on January 15 and July 15 of each year, commencing January 15, 2021.
Debt instrument, offered rate plus basis points | BasisPoint	500
Debt instrument, floor basis points | BasisPoint	75
Debt instrument, frequency of periodic payment	semi-annually
Subsequent Event [Member] | Refinancing Transactions [Member] | First Lien Party Anagram Notes Mature on August 15, 2025 [Member]
Aggregate principal amount	$ 110,000,000,000
Debt instrument maturity date	Aug. 15, 2025
Debt instrument, description of variable rate basis	Interest on the First Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 10.00% per annum, payable in cash; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding First Lien Anagram Notes or issuing additional First Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021.
Debt instrument, frequency of periodic payment	semi-annually
Debt instrument, interest rate payable in cash	10.00%
Debt instrument, interest rate payable on incremental principal	5.00%
Subsequent Event [Member] | Refinancing Transactions [Member] | Second Lien Party Anagram Notes Mature on August 15, 2026 [Member]
Aggregate principal amount	$ 84,686,977,000
Debt instrument maturity date	Aug. 15, 2026
Debt instrument, description of variable rate basis	Interest on the Second Lien Anagram Notes accrues from the Settlement Date at (i) a rate of 5.00% per annum, payable, at the Anagram Issuers’ option, entirely in cash or entirely by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be; and (ii) a rate of 5.00% per annum payable by increasing the principal amount of the outstanding Second Lien Anagram Notes or issuing additional Second Lien Anagram Notes, as the case may be, in each case payable semi-annually in arrears on February 15 and August 15 of each year, commencing February 15, 2021
Debt instrument, frequency of periodic payment	semi-annually
Debt instrument, interest rate payable in cash	5.00%
Debt instrument, interest rate payable on incremental principal	5.00%