Party City Holdco (PRTYQ) 10-Q 9 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 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		110,646,150
Amendment Flag	false
Entity Central Index Key	0001592058
Entity Filer Category	Accelerated Filer
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
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	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 170,562	$ 34,917
Accounts receivable, net	149,825	149,109
Inventories, net	630,357	658,419
Prepaid expenses and other current assets	112,038	51,685
Total current assets	1,062,782	894,130
Property, plant and equipment, net	206,447	243,572
Operating lease asset	741,524	802,634
Goodwill	669,564	1,072,330
Trade names	383,666	530,320
Other intangible assets, net	34,505	45,060
Other assets, net	9,521	7,273
Total assets	3,108,009	3,595,319
Current liabilities:
Loans and notes payable	303,894	128,806
Accounts payable	179,938	152,300
Accrued expenses	202,636	150,921
Current portion of operating lease liability	194,476	155,471
Income taxes payable		35,905
Current portion of long-term obligations	14,342	71,524
Total current liabilities	895,286	694,927
Long-term obligations, excluding current portion	1,334,338	1,503,987
Long-term portion of operating lease liability	677,183	720,735
Deferred income tax liabilities, net	49,508	126,081
Other long-term liabilities	15,559	16,517
Total liabilities	2,971,874	3,062,247
Redeemable securities		3,351
Commitments and contingencies
Stockholders’ equity:
Common stock (110,573,555 and 94,461,576 shares outstanding and 121,848,074 and 121,662,540 shares issued at September 30, 2020 and December 31, 2019, respectively)	1,371	1,211
Additional paid-in capital	970,145	928,573
Accumulated deficit	(469,040)	(37,219)
Accumulated other comprehensive loss	(38,907)	(35,734)
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury	463,569	856,831
Less: Common stock held in treasury, at cost (11,274,519 and 27,200,964 shares at September 30, 2020 and December 31, 2019, respectively)	(327,170)	(327,086)
Total Party City Holdco Inc. stockholders’ equity	136,399	529,745
Noncontrolling interests	(264)	(24)
Total stockholders’ equity	136,135	529,721
Total liabilities, redeemable securities and stockholders’ equity	$ 3,108,009	$ 3,595,319

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - shares	Sep. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, shares outstanding	110,573,555	94,461,576
Common stock, shares issued	121,848,074	121,662,540
Treasury stock, shares	11,274,519	27,200,964

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Total revenues	$ 533,775	$ 540,231	$ 1,202,509	$ 1,617,238
Cost of sales	355,923	373,413	890,587	1,065,511
Wholesale selling expenses	11,950	16,084	37,115	50,929
Retail operating expenses	97,100	111,595	250,502	302,756
Franchise expenses	2,795	3,274	9,225	9,813
General and administrative expenses	42,191	43,062	162,118	126,497
Art and development costs	4,257	5,927	13,095	17,568
Development stage expenses		2,728	2,932	7,966
(Gain) on sale/leaseback transaction				(58,381)
Store impairment and restructuring charges	1,926	2,574	20,818	25,817
Goodwill, intangibles and long-lived assets impairment	44,732	259,100	581,380	259,100
Total expenses	560,874	817,757	1,967,772	1,807,576
(Loss) from operations	(27,099)	(277,526)	(765,263)	(190,338)
Interest expense, net	13,422	29,424	63,954	88,857
Other (income) expense, net	(2,873)	2,047	4,287	6,643
(Gain) on debt refinancing	(273,149)		(273,149)
Income (loss) before income taxes	235,501	(308,997)	(560,355)	(285,838)
Income tax (benefit)	(4,164)	(27,252)	(128,293)	(21,809)
Net income (loss)	239,665	(281,745)	(432,062)	(264,029)
Less: Net (loss) attributable to noncontrolling interests	(42)	(212)	(241)	(352)
Net income (loss) attributable to common shareholders of Party City Holdco Inc.	$ 239,707	$ (281,533)	$ (431,821)	$ (263,677)
Net income (loss) per share attributable to common shareholders of Party City Holdco Inc.–Basic	$ 2.25	$ (3.02)	$ (4.41)	$ (2.83)
Net income (loss) per share attributable to common shareholders of Party City Holdco Inc.–Diluted	$ 2.24	$ (3.02)	$ (4.41)	$ (2.83)
Weighted-average number of common shares-Basic	106,709,307	93,346,448	97,872,174	93,271,392
Weighted-average number of common shares-Diluted	106,875,631	93,346,448	97,872,174	93,271,392
Comprehensive income (loss)	$ 244,607	$ (288,573)	$ (435,235)	$ (266,883)
Less: Comprehensive (loss) attributable to noncontrolling interests	(42)	(213)	(241)	(364)
Comprehensive income (loss) attributable to common shareholders of Party City Holdco Inc.	244,649	(288,360)	(434,994)	(266,519)
Net Sales [Member]
Revenues:
Revenues	532,053	538,345	1,198,160	1,611,149
Royalties and Franchise Fees [Member]
Revenues:
Revenues	$ 1,722	$ 1,886	$ 4,349	$ 6,089

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)	$ (264,029)												(263,677)					(263,677)							(263,677)					(352)
Stock option expense	1,150							1,150										1,150							1,150
Restricted stock units				$ 1,543	$ 1,036						$ 1,543	$ 1,036									$ 1,543	$ 1,036						$ 1,543	$ 1,036
Director – non-cash compensation	313							313										313							313
Warrant expense	386							386										386							386
Exercise of stock options	1,145					3		1,142										1,145							1,145
Acquired non-controlling interest	112							41										41							41					71
Treasury Stock purchases	(156)																						(156)		(156)
Foreign currency adjustments	(2,220)															(2,208)		(2,208)							(2,208)					(12)
Impact of foreign exchange contracts, net	(634)															(634)		(634)							(634)
Balance at Sep. 30, 2019	782,426					1,211		928,749					231,597			(52,043)		1,109,514					(327,086)		782,428					(2)
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
Net income (loss)	(281,745)												(281,533)					(281,533)							(281,533)					(212)
Stock option expense	409							409										409							409
Restricted stock units				610	560						610	560									610	560						610	560
Director – non-cash compensation	148							148										148							148
Warrant expense	128							128										128							128
Exercise of stock options	57					1		56										57							57
Foreign currency adjustments	(6,921)															(6,920)		(6,920)							(6,920)					(1)
Impact of foreign exchange contracts, net	93															93		93							93
Balance at Sep. 30, 2019	782,426					1,211		928,749					231,597			(52,043)		1,109,514					(327,086)		782,428					(2)
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)	(432,062)												(431,821)					(431,821)							(431,821)					(241)
Stock option expense				671	7,847						671	7,847									671	7,847						671	7,847
Restricted stock units				1,568	481						1,568	481									1,568	481						1,568	481
Director – non-cash compensation	75							75										75							75
Warrant expense	1,033							1,033										1,033							1,033
Acquired non-controlling interest	2,317							2,316										2,316							2,316					1
Treasury Stock purchases	(84)																						(84)		(84)
Issuance of Stock for Debt exchange including costs	27,741					160		27,581										27,741							27,741
Foreign currency adjustments	(3,111)															(3,111)		(3,111)							(3,111)
Impact of foreign exchange contracts, net	(62)															(62)		(62)							(62)
Balance at Sep. 30, 2020	136,135					1,371		970,145					(469,040)			(38,907)		463,569					(327,170)		136,399					(264)
Balance at Jun. 30, 2020	(137,016)					1,211		941,745					(708,747)			(43,849)		190,360					(327,170)		(136,810)					(206)
Net income (loss)	239,665												239,707					239,707							239,707					(42)
Stock option expense				111							111										111							111
Restricted stock units				$ 429	$ 481						$ 429	$ 481									$ 429	$ 481						$ 429	$ 481
Acquired non-controlling interest	(218)							(202)										(202)							(202)					(16)
Issuance of Stock for Debt exchange including costs	27,741					160		27,581										27,741							27,741
Foreign currency adjustments	5,076															5,076		5,076							5,076
Impact of foreign exchange contracts, net	(134)															(134)		(134)							(134)
Balance at Sep. 30, 2020	$ 136,135					$ 1,371		$ 970,145					$ (469,040)			$ (38,907)		$ 463,569					$ (327,170)		$ 136,399					$ (264)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows used in operating activities:
Net (loss) income	$ (432,062)	$ (264,029)
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expense	57,796	62,380
Amortization of deferred financing costs and original issuance discounts	3,276	3,511
Provision for doubtful accounts	5,746	1,110
Deferred income tax benefit	(76,833)	(26,458)
Change in operating lease liability/asset	32,121	(23,361)
Undistributed (income) loss in equity method investments	356	(195)
Loss (gain) on disposal of assets	83	(59,088)
Non-cash adjustment for store impairment and restructuring charges	16,595	19,443
Goodwill, intangibles and long-lived assets impairment	581,380	259,100
Non-employee equity-based compensation (see Note 19 – Kazzam, LLC)	1,033	386
Stock option expense – time – based	671	1,150
Stock option expense – performance – based	7,847
Restricted stock unit expense – time-based	1,568	1,543
Restricted stock unit and restricted cash awards expense – performance-based	510	1,036
Directors – non-cash compensation	75	313
Gain on debt refinancing	(273,149)
Changes in operating assets and liabilities, net of effects of acquired businesses:
(Increase) in accounts receivable	(8,562)	(23,712)
Decrease (increase) in inventories	27,959	(35,628)
Increase in prepaid expenses and other current assets	(64,715)	(11,009)
Decrease (increase) in accounts payable, accrued expenses and income taxes payable	61,478	(88,771)
Net cash used in operating activities	(56,827)	(182,279)
Cash flows (used in) provided by investing activities:
Cash paid in connection with acquisitions, net of cash acquired	(362)	(9,485)
Capital expenditures	(32,095)	(45,769)
Proceeds from disposal of property and equipment	82	113,845
Net cash (used in) provided by investing activities	(32,375)	58,591
Cash flows provided by financing activities:
Repayment of loans, notes payable and long-term obligations	(122,373)	(106,133)
Proceeds from loans, notes payable and long-term obligations	369,785	203,381
Stock repurchases	(85)	(156)
Exercise of stock options		1,145
Debt issuance costs	(19,955)	(411)
Net cash provided by financing activities	227,372	97,826
Effect of exchange rate changes on cash and cash equivalents	(2,659)	1,220
Net increase (decrease) in cash and cash equivalents and restricted cash	135,511	(24,642)
Cash and cash equivalents and restricted cash at beginning of period	35,176	59,219
Cash and cash equivalents and restricted cash at end of period	170,687	34,577
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	55,999	97,744
Cash paid during the period for income taxes, net of refunds	$ 24,421	$ 34,357

Description of Business

Description of Business	9 Months Ended
	Sep. 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 September 30, 2020 the Company’s retail operations include 829 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	9 Months Ended
	Sep. 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 nine 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 September 30, 2020 and December 31, 2019, the allowance for credit losses was $9,590 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. 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	9 Months Ended
	Sep. 30, 2020
Restructuring And Related Activities [Abstract]
Store Impairment and Restructuring Charges	Note 3 – Store Impairment and Restructuring Charges 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 identified for closure in the first quarter of 2020 were closed in the third quarter. 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 nine months ended September 30, 2020 and 2019, the Company recorded the following charges: Three Months Ended September 30, 2020 2019 Inventory reserves $ 1,184 $ — Operating lease asset impairment 137 — Labor and other costs incurred closing stores 1,789 2,574 Total $ 3,110 $ 2,574 Nine Months Ended September 30, 2020 2019 Inventory reserves $ 12,880 $ 21,285 Operating lease asset impairment 14,530 14,149 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 4,223 6,327 Severance — 661 Total $ 33,698 $ 47,102 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, Intangibles and Long-

Goodwill, Intangibles and Long-Lived Assets Impairment	9 Months Ended
	Sep. 30, 2020
Goodwill Intangibles And Long Lived Assets Impairment [Abstract]
Goodwill, Intangibles and Long-Lived Assets Impairment	Note 4 – Goodwill, Intangibles and Long-Lived Assets 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. 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. During the three months ended September 30, 2019, the Company identified an impairment indicator associated with its market capitalization and performed interim impairment tests on the goodwill at its retail and wholesale reporting units and its other indefinite lived intangible assets as of September 30, 2019. The interim impairment tests were performed using a combination of a market approach and an income approach. As a result of a sustained decline in the Company’s market capitalization, the Company recognized non-cash pre-tax goodwill impairment charges at September 30, 2019 of $224,100 and $35,000 against the goodwill associated with its retail and wholesale reporting units, respectively. During the three months ended September 30, 2020 the Company has determined that the fair value of certain indefinite-lived intangible assets is lower than the related book values. Additionally, for certain long-lived assets it is more likely than not that those long-lived assets will be disposed significantly before the end of their previously estimated useful lives. As a result, impairment charges of $11,032, $2,423 and $31,277 were recorded in the third quarter on its business indefinite-lived trade name intangibles, finite-lived intangibles and tangible assets, respectively.

Sale_Leaseback Transaction

Sale/Leaseback Transaction	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019 $11,846 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	9 Months Ended
	Sep. 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. On September 30, 2020, PCHI prepaid approximately $17,500 of the term loans outstanding under the Term Loan Credit Agreement. PCHI was required to make such prepayment in accordance with the terms of the Term Loan Credit Agreement in connection with the Company’s sale of its Canadian-based Party City stores. Consistent with the terms of Term Loan Credit Agreement, PCHI reinvested such proceeds in assets used or useful in the business of PCHI and its subsidiaries and entered into binding commitments to reinvest a certain portion of such proceeds by March 30, 2021, such that the total amount of the sale proceeds so reinvested or committed to be reinvested is approximately $97,000 (of which approximately $84,800 was invested or is committed to be reinvested towards capital expenditures and $12,200 was invested or is committed to be reinvested towards permitted acquisitions). Under the Term Loan Credit Agreement, PCHI was permitted to deduct $15,000 on account of a single asset sale transaction prior to prepaying any term loans from net cash proceeds of an asset sale.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Note 7 – Inventories Inventories consisted of the following: September 30, 2020 December 31, 2019 Finished goods $ 581,735 $ 606,036 Raw materials 28,640 34,259 Work in process 19,982 18,124 $ 630,357 $ 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	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 of 22.9% is different from the statutory rate of 21.0% primarily due to the non-deductible portions of goodwill impairment charges (see Note 4 – Goodwill, Intangibles and Long-Lived Assets Impairment above for further discussion),

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 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 September 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) Other comprehensive (loss) income before reclassifications, net of tax 5,076 (321 ) 4,755 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 187 187 Net current-period other comprehensive income 5,076 (134 ) 4,942 Balance at September 30, 2020 $ (40,545 ) $ 1,638 $ (38,907 ) Three Months Ended September 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Other comprehensive (loss) income before reclassifications (6,920 ) 166 (6,754 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — (73 ) (73 ) Net current-period other comprehensive income (loss) (6,920 ) 93 (6,827 ) Balance at September 30, 2019 $ (52,264 ) $ 221 $ (52,043 ) Nine Months Ended September 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) before reclassifications, net of tax (3,111 ) (251 ) (3,362 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 189 189 Net current-period other comprehensive (loss) income (3,111 ) (62 ) (3,173 ) Balance at September 30, 2020 $ (40,545 ) $ 1,638 $ (38,907 ) Nine Months Ended September 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 (loss) income before reclassifications, net of income tax (2,208 ) 226 (1,982 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (860 ) (860 ) Net current-period other comprehensive income (loss) (2,208 ) (634 ) (2,842 ) Balance at September 30, 2019 $ (52,264 ) $ 221 $ (52,043 )

Capital Stock

Capital Stock	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Capital Stock	Note 10 – Capital Stock At September 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 for the nine months ended September 30, 2020.

Segment Information

Segment Information	9 Months Ended
	Sep. 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 September 30, 2020 and September 30, 2019 was as follows: Wholesale Retail Consolidated Three Months Ended September 30, 2020 Revenues: Net sales $ 346,621 $ 364,481 $ 711,102 Royalties and franchise fees — 1,722 1,722 Total revenues 346,621 366,203 712,824 Eliminations (179,049 ) — (179,049 ) Net revenues $ 167,572 $ 366,203 $ 533,775 Loss from operations $ (12,738 ) $ (14,361 ) $ (27,099 ) Interest expense, net 13,422 Other expense, net (2,873 ) Gain on debt refinancing (273,149 ) Income before income taxes $ 235,501 Wholesale Retail Consolidated Three Months Ended September 30, 2019 Revenues: Net sales $ 383,425 $ 369,467 $ 752,892 Royalties and franchise fees — 1,886 1,886 Total revenues 383,425 371,353 754,778 Eliminations (214,547 ) — (214,547 ) Net revenues $ 168,878 $ 371,353 $ 540,231 Loss from operations $ (32,424 ) $ (245,102 ) $ (277,526 ) Interest expense, net 29,424 Other expense, net 2,047 Loss before income taxes $ (308,997 ) The Company’s industry segment data for the nine months ended September 30, 2020 and 2019 was as follows: Wholesale Retail Consolidated Nine Months Ended September 30, 2020 Revenues: Net sales $ 692,715 $ 850,612 $ 1,543,327 Royalties and franchise fees — 4,349 4,349 Total revenues 692,715 854,961 1,547,676 Eliminations (345,167 ) — (345,167 ) Net revenues $ 347,548 $ 854,961 $ 1,202,509 Loss from operations $ (232,178 ) $ (533,085 ) $ (765,263 ) Interest expense, net 63,954 Other expense, net 4,287 Gain on debt refinancing (273,149 ) Loss before income taxes $ (560,355 ) Wholesale Retail Consolidated Nine Months Ended September 30, 2019 Revenues: Net sales $ 962,793 $ 1,170,777 $ 2,133,570 Royalties and franchise fees — 6,089 6,089 Total revenues 962,793 1,176,866 2,139,659 Eliminations (522,421 ) — (522,421 ) Net revenues $ 440,372 $ 1,176,866 $ 1,617,238 Income (loss) from operations $ 30,096 $ (220,434 ) $ (190,338 ) Interest expense, net 88,857 Other expense, net 6,643 Loss before income taxes $ (285,838 ) 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 for closure in the first quarter of 2020 were closed in the third quarter. In conjunction with the program, during the three months ended September 30, 2020 and 2019 the Company’s Retail segment recorded $3,110 and $2,574 of store impairment and restructuring charges, respectively. In conjunction with the program, during the nine months ended September 30, 2020 and 2019 the Company’s Retail segment recorded $33,698 and $47,102 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, Intangibles and Long-Lived Assets Impairment for further detail.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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. 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 September 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 September 30, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities September 30, 2020 December 31, 2019 September 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 $ 131 (a) PP $ — (b) AE $ 30 (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 September 30, 2020 and December 31, 2019: Derivative Instrument September 30, 2020 December 31, 2019 Foreign Exchange Contracts $ 6,449 $ 300

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 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, Intangibles and Long-Lived Assets 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 September 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 September 30, 2020 are as follows: September 30, 2020 Carrying Amount Fair Value Term Loan Credit Agreement $ 693,906 $ 569,034 6.125% Senior Notes – due 2023 22,765 8,253 6.625% Senior Notes – due 2026 106,273 23,730 First Lien Party City Notes 207,925 155,153 First Lien Anagram Notes 150,958 158,056 Second Lien Anagram Notes 152,104 120,162 The fair values represent Level 2 fair value measurements as the debt instruments trade in inactive markets.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net (loss) income attributable to common shareholders of Party City Holdco Inc. $ 239,707 $ (281,533 ) $ (431,821 ) $ (263,677 ) Weighted average shares - Basic 106,709,307 93,346,448 97,872,174 93,271,392 Effect of dilutive securities: Warrants — — — — Restricted stock units 166,324 — — — Stock options — — — — Weighted average shares - Diluted 106,875,631 93,346,448 97,872,174 93,271,392 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 2.25 $ (3.02 ) $ (4.41 ) $ (2.83 ) Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 2.24 $ (3.02 ) $ (4.41 ) $ (2.83 ) During the three months ended September 30, 2020, 3,475,621 stock options, 1,000,000 warrants and 263,727 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 nine months ended September 30, 2020, 3,475,621 stock options, 1,000,000 warrants and 584,258 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 nine months ended September 30, 2019, 3,544,501 stock options,

Current and Long-Term Obligatio

Current and Long-Term Obligations	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Current and Long-Term Obligations	Note 16 – Current and Long-Term Obligations Long-term obligations at September 30, 2020 and December 31, 2019 consisted of the following: September 30, 2020 December 31, 2019 Term Loan Credit Agreement $ 693,906 $ 718,596 6.125% 22,765 347,015 6.625% 106,273 494,910 First Lien Party City Notes 207,925 — First Lien Anagram Notes 150,958 — Second Lien Anagram Notes 152,104 — Finance lease obligations 14,749 14,990 Total long-term obligations 1,348,680 1,575,511 Less: current portion (14,342 ) (71,524 ) Long-term obligations, excluding current portion $ 1,334,338 $ 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 connection with the refinancing transactions as follows, 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 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. In the first nine months of 2020 the Company drew down $269.8 million under the ABL Facility. At September 30, 2020, $100.1 million was invested in US Treasury funds with maturities of less than three months. The Company had approximately $178.5 million of availability under the ABL Facility as of September 30, 2020. 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 refinancing transactions, including, among other things: (i) the exchange of $327,076 of 6.125% Senior Notes due 2023 (the “2023 Notes”) and $392,746 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 of Senior Secured First Lien Floating Rate Notes due 2025 (the “First Lien Party City Notes”) issued by PCHI; (B) $84,687 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 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 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 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 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 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 $84,687 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 The Company evaluated the refinancing transaction in accordance with ASC 470-60 Troubled Debt Restructuring. The exchange of the 2023 Notes and 2026 Notes for the First Lien Party City Notes, Second Lien Anagram Notes and shares of Company Common Stock, as well as the concurrent purchase by the participants in the exchange of First Lien Anagram Notes represents a troubled debt restructuring (“TDR”). As the future undiscounted cash flows of the restructured debt were less than the net carrying value of the Existing Notes (including accrued interest and unamortized discount) adjusted for Common Stock issued to the participants in the exchange and such participants’ purchase of and lenders’ participation in the First Lien Anagram Notes, the Company recognized a gain of $273,149 which reflects $18,902 of third-party fees incurred, and $27,007 of Common Stock issued in the exchange. The Company received $39,544 of cash from the participants in the exchange related to $44,500 of principal amount of First Lien Anagram Notes with an undiscounted value of $82,160, which includes interest expense. Interest expense is not currently recognized for this portion of the restructured debt. Another portion of the restructured debt related to one holder of Existing Notes did not result in gain recognition as the undiscounted cash flows of the restructured debt was higher than the carrying value of the existing debt. The carrying amount of this portion of the restructured debt is $32,328 and the interest expense will be recognized prospectively at a 3.5% effective interest rate. Amounts attributed to purchasers of the First Lien Anagram Notes who were not participants in the exchange (principal balance of $50,500) are recognized at consideration received less allocated transaction costs (netting to $45,678) and the effective interest method will be used to recognize interest expense prospectively.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Retail Net Sales: North American Party City Stores $ 358,246 $ 363,633 $ 829,281 $ 1,164,253 Other 6,235 5,834 21,331 6,524 Total Retail Net Sales $ 364,481 $ 369,467 $ 850,612 $ 1,170,777 Royalties and Franchise Fees 1,722 1,886 4,349 6,089 Total Retail Revenue $ 366,203 $ 371,353 $ 854,961 $ 1,176,866 Wholesale Net Sales: Domestic $ 79,388 $ 82,670 $ 177,263 $ 231,257 International 88,184 86,208 170,285 209,115 Total Wholesale Net Sales $ 167,572 $ 168,878 $ 347,548 $ 440,372 Total Consolidated Revenue $ 533,775 $ 540,231 $ 1,202,509 $ 1,617,238

Cash, Cash Equivalents and Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
	Sep. 30, 2020
Text Block [Abstract]
Cash, Cash Equivalents and Restricted Cash	Note 18 – Cash, Cash Equivalents and Restricted Cash The Company’s September 30, 2020 consolidated balance sheet included $170,562 of cash and cash equivalents (with maturities of less than three months) and $125 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	9 Months Ended
	Sep. 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

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 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 nine 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 September 30, 2020 and December 31, 2019, the allowance for credit losses was $9,590 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. 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)	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and 2019, the Company recorded the following charges: Three Months Ended September 30, 2020 2019 Inventory reserves $ 1,184 $ — Operating lease asset impairment 137 — Labor and other costs incurred closing stores 1,789 2,574 Total $ 3,110 $ 2,574 Nine Months Ended September 30, 2020 2019 Inventory reserves $ 12,880 $ 21,285 Operating lease asset impairment 14,530 14,149 Property, plant and equipment impairment 2,065 4,680 Labor and other costs incurred closing stores 4,223 6,327 Severance — 661 Total $ 33,698 $ 47,102

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventory Disclosure [Abstract]
Summary of Inventories	Inventories consisted of the following: September 30, 2020 December 31, 2019 Finished goods $ 581,735 $ 606,036 Raw materials 28,640 34,259 Work in process 19,982 18,124 $ 630,357 $ 658,419

Changes in Accumulated Other _2

Changes in Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Equity [Abstract]
Changes in Accumulated Other Comprehensive Loss	The changes in accumulated other comprehensive loss consisted of the following: Three Months Ended September 30, 2020 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at June 30, 2020 $ (45,621 ) $ 1,772 $ (43,849 ) Other comprehensive (loss) income before reclassifications, net of tax 5,076 (321 ) 4,755 Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 187 187 Net current-period other comprehensive income 5,076 (134 ) 4,942 Balance at September 30, 2020 $ (40,545 ) $ 1,638 $ (38,907 ) Three Months Ended September 30, 2019 Foreign Currency Adjustments Impact of Foreign Exchange Contracts, Net of Taxes Total, Net of Taxes Balance at June 30, 2019 $ (45,344 ) $ 128 $ (45,216 ) Other comprehensive (loss) income before reclassifications (6,920 ) 166 (6,754 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — (73 ) (73 ) Net current-period other comprehensive income (loss) (6,920 ) 93 (6,827 ) Balance at September 30, 2019 $ (52,264 ) $ 221 $ (52,043 ) Nine Months Ended September 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) before reclassifications, net of tax (3,111 ) (251 ) (3,362 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax — 189 189 Net current-period other comprehensive (loss) income (3,111 ) (62 ) (3,173 ) Balance at September 30, 2020 $ (40,545 ) $ 1,638 $ (38,907 ) Nine Months Ended September 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 (loss) income before reclassifications, net of income tax (2,208 ) 226 (1,982 ) Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income, net of income tax — (860 ) (860 ) Net current-period other comprehensive income (loss) (2,208 ) (634 ) (2,842 ) Balance at September 30, 2019 $ (52,264 ) $ 221 $ (52,043 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Schedule of Company's Industry Segment Data	The Company’s industry segment data for the three months ended September 30, 2020 and September 30, 2019 was as follows: Wholesale Retail Consolidated Three Months Ended September 30, 2020 Revenues: Net sales $ 346,621 $ 364,481 $ 711,102 Royalties and franchise fees — 1,722 1,722 Total revenues 346,621 366,203 712,824 Eliminations (179,049 ) — (179,049 ) Net revenues $ 167,572 $ 366,203 $ 533,775 Loss from operations $ (12,738 ) $ (14,361 ) $ (27,099 ) Interest expense, net 13,422 Other expense, net (2,873 ) Gain on debt refinancing (273,149 ) Income before income taxes $ 235,501 Wholesale Retail Consolidated Three Months Ended September 30, 2019 Revenues: Net sales $ 383,425 $ 369,467 $ 752,892 Royalties and franchise fees — 1,886 1,886 Total revenues 383,425 371,353 754,778 Eliminations (214,547 ) — (214,547 ) Net revenues $ 168,878 $ 371,353 $ 540,231 Loss from operations $ (32,424 ) $ (245,102 ) $ (277,526 ) Interest expense, net 29,424 Other expense, net 2,047 Loss before income taxes $ (308,997 ) The Company’s industry segment data for the nine months ended September 30, 2020 and 2019 was as follows: Wholesale Retail Consolidated Nine Months Ended September 30, 2020 Revenues: Net sales $ 692,715 $ 850,612 $ 1,543,327 Royalties and franchise fees — 4,349 4,349 Total revenues 692,715 854,961 1,547,676 Eliminations (345,167 ) — (345,167 ) Net revenues $ 347,548 $ 854,961 $ 1,202,509 Loss from operations $ (232,178 ) $ (533,085 ) $ (765,263 ) Interest expense, net 63,954 Other expense, net 4,287 Gain on debt refinancing (273,149 ) Loss before income taxes $ (560,355 ) Wholesale Retail Consolidated Nine Months Ended September 30, 2019 Revenues: Net sales $ 962,793 $ 1,170,777 $ 2,133,570 Royalties and franchise fees — 6,089 6,089 Total revenues 962,793 1,176,866 2,139,659 Eliminations (522,421 ) — (522,421 ) Net revenues $ 440,372 $ 1,176,866 $ 1,617,238 Income (loss) from operations $ 30,096 $ (220,434 ) $ (190,338 ) Interest expense, net 88,857 Other expense, net 6,643 Loss before income taxes $ (285,838 )

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 and December 31, 2019: Derivative Assets Derivative Liabilities September 30, 2020 December 31, 2019 September 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 $ 131 (a) PP $ — (b) AE $ 30 (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 September 30, 2020 and December 31, 2019: Derivative Instrument September 30, 2020 December 31, 2019 Foreign Exchange Contracts $ 6,449 $ 300

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 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 September 30, 2020 are as follows: September 30, 2020 Carrying Amount Fair Value Term Loan Credit Agreement $ 693,906 $ 569,034 6.125% Senior Notes – due 2023 22,765 8,253 6.625% Senior Notes – due 2026 106,273 23,730 First Lien Party City Notes 207,925 155,153 First Lien Anagram Notes 150,958 158,056 Second Lien Anagram Notes 152,104 120,162

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Net (loss) income attributable to common shareholders of Party City Holdco Inc. $ 239,707 $ (281,533 ) $ (431,821 ) $ (263,677 ) Weighted average shares - Basic 106,709,307 93,346,448 97,872,174 93,271,392 Effect of dilutive securities: Warrants — — — — Restricted stock units 166,324 — — — Stock options — — — — Weighted average shares - Diluted 106,875,631 93,346,448 97,872,174 93,271,392 Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic $ 2.25 $ (3.02 ) $ (4.41 ) $ (2.83 ) Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted $ 2.24 $ (3.02 ) $ (4.41 ) $ (2.83 )

Current and Long-Term Obligat_2

Current and Long-Term Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Summary of Long-Term Obligations	Long-term obligations at September 30, 2020 and December 31, 2019 consisted of the following: September 30, 2020 December 31, 2019 Term Loan Credit Agreement $ 693,906 $ 718,596 6.125% 22,765 347,015 6.625% 106,273 494,910 First Lien Party City Notes 207,925 — First Lien Anagram Notes 150,958 — Second Lien Anagram Notes 152,104 — Finance lease obligations 14,749 14,990 Total long-term obligations 1,348,680 1,575,511 Less: current portion (14,342 ) (71,524 ) Long-term obligations, excluding current portion $ 1,334,338 $ 1,503,987

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2020 and 2019: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Retail Net Sales: North American Party City Stores $ 358,246 $ 363,633 $ 829,281 $ 1,164,253 Other 6,235 5,834 21,331 6,524 Total Retail Net Sales $ 364,481 $ 369,467 $ 850,612 $ 1,170,777 Royalties and Franchise Fees 1,722 1,886 4,349 6,089 Total Retail Revenue $ 366,203 $ 371,353 $ 854,961 $ 1,176,866 Wholesale Net Sales: Domestic $ 79,388 $ 82,670 $ 177,263 $ 231,257 International 88,184 86,208 170,285 209,115 Total Wholesale Net Sales $ 167,572 $ 168,878 $ 347,548 $ 440,372 Total Consolidated Revenue $ 533,775 $ 540,231 $ 1,202,509 $ 1,617,238

Description of Business- Additi

Description of Business- Additional Information (Detail)	9 Months Ended
	Sep. 30, 2020Store
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	829

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings		$ 136,135	$ (137,016)	$ 529,721	$ 782,426	$ 1,069,087	$ 1,043,621
Increased Additional Paid In Capital	$ 662
Increased Deferred Income Tax Asset	159
Allowance for credit losses		9,590		4,786
Retained Earnings [Member]
Significant Accounting Policies [Line Items]
Increase (decrease) in retained earnings		$ (469,040)	$ (708,747)	$ (37,219)	$ 231,597	$ 513,130	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		12 Months Ended
	Jan. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Restructuring And Related Activities [Abstract]
Number of stores identified for closure			21	55
Number of stores closed	20	21		35

Store Impairment and Restruct_4

Store Impairment and Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Total	$ 3,110	$ 2,574	$ 33,698	$ 47,102
Property, plant and equipment impairment	31,277
Cost of Sales [Member]
Inventory reserves	1,184		12,880	21,285
Restructuring Charges [Member]
Operating lease asset impairment	137		14,530	14,149
Labor and other costs incurred closing stores	$ 1,789	$ 2,574	4,223	6,327
Property, plant and equipment impairment			$ 2,065	4,680
Severance				$ 661

Goodwill, Intangibles and Lon_2

Goodwill, Intangibles and Long-Lived Assets Impairment - Additional Information (Detail) - USD ($)	3 Months Ended			12 Months Ended
	Sep. 30, 2020	Mar. 31, 2020	Sep. 30, 2019	Dec. 31, 2019
Impairment charge on intangible asset	$ 2,423,000
Tangible asset impairment charges	31,277,000
Trade Names [Member]
Impairment of indefinite-lived intangibles	$ 11,032,000
Party City Holdings Inc [Member]
Impairment charge on intangible asset		$ 131,287,000		$ 0
Halloween City Trade Name [Member]
Impairment charge on intangible asset		3,925,000		$ 6,575,000
Retail [Member] | Operating Segments [Member]
Goodwill, impairment loss		253,110,000	$ 224,100,000
Wholesale [Member] | Operating Segments [Member]
Goodwill, impairment loss		$ 148,326,000	$ 35,000,000

Sale_Leaseback Transaction - Ad

Sale/Leaseback Transaction - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Aggregate sale price	$ 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.
Annual rent increase rate			2.00%
Total rent payment			$ 8,320
Long-term debt and lease obligations			1,348,680		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			14,749		14,990
Los Lunas New Mexico facility financing [Member] | Finance Lease Obligations [Member]
Long-term debt and lease obligations			$ 11,846		$ 11,990

Disposition of Assets - Additio

Disposition of Assets - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020	Oct. 01, 2019
Canadian Based Retailer [Member]
Sale of stores			$ 131,711
Supply agreement term			10 years
Party City Holdings Inc [Member]
Prepayment of term loans outstanding		$ 17,500
Party City Holdings Inc [Member] | Subsequent Event [Member]
Sale proceeds reinvested or committed to be reinvested	$ 97,000
Sale proceeds reinvested or committed to be reinvested towards capital expenditures	84,800
Sale proceeds reinvested or committed to be reinvested towards permitted acquisitions	12,200
Amount permitted to deduct on account of single asset sale transaction	$ 15,000

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventory Disclosure [Abstract]
Finished goods	$ 581,735	$ 606,036
Raw materials	28,640	34,259
Work in process	19,982	18,124
Inventories, net	$ 630,357	$ 658,419

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Trillions	9 Months Ended	12 Months Ended
	Sep. 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	22.90%

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance			$ 529,745
Ending balance	$ 136,399		136,399
Foreign Currency Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(45,621)	$ (45,344)	(37,434)	$ (50,056)
Other comprehensive (loss) income before reclassifications, net of income tax	5,076	(6,920)	(3,111)	(2,208)
Net current-period other comprehensive income (loss)	5,076	(6,920)	(3,111)	(2,208)
Ending balance	(40,545)	(52,264)	(40,545)	(52,264)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,772	128	1,700	855
Other comprehensive (loss) income before reclassifications, net of income tax	(321)	166	(251)	226
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax	187	(73)	189	(860)
Net current-period other comprehensive income (loss)	(134)	93	(62)	(634)
Ending balance	1,638	221	1,638	221
Accumulated Other Comprehensive Loss [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(43,849)	(45,216)	(35,734)	(49,201)
Other comprehensive (loss) income before reclassifications, net of income tax	4,755	(6,754)	(3,362)	(1,982)
Amounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss, net of income tax	187	(73)	189	(860)
Net current-period other comprehensive income (loss)	4,942	(6,827)	(3,173)	(2,842)
Ending balance	$ (38,907)	$ (52,043)	$ (38,907)	$ (52,043)

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 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	1 Months Ended	3 Months Ended				9 Months Ended		12 Months Ended
	Jan. 31, 2020Store	Sep. 30, 2020USD ($)Store	Mar. 31, 2020Store	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Sep. 30, 2020USD ($)Segment	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)Store
Segment Reporting [Abstract]
Number of business segments | Segment						2
Number of stores identified for closure | Store			21					55
Number of stores closed | Store	20	21						35
Store impairment and restructuring charges		$ 3,110		$ 2,574		$ 33,698	$ 47,102
Aggregate sale price					$ 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Revenues:
Total revenues	$ 533,775	$ 540,231	$ 1,202,509	$ 1,617,238
Income (loss) from operations	(27,099)	(277,526)	(765,263)	(190,338)
Interest expense, net	13,422	29,424	63,954	88,857
Other (income) expense, net	(2,873)	2,047	4,287	6,643
(Gain) on debt refinancing	(273,149)		(273,149)
Income (loss) before income taxes	235,501	(308,997)	(560,355)	(285,838)
Operating Segments [Member]
Revenues:
Total revenues	712,824	754,778	1,547,676	2,139,659
Eliminations [Member]
Revenues:
Total revenues	(179,049)	(214,547)	(345,167)	(522,421)
Net Sales [Member]
Revenues:
Revenues	532,053	538,345	1,198,160	1,611,149
Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	711,102	752,892	1,543,327	2,133,570
Royalties and Franchise Fees [Member]
Revenues:
Revenues	1,722	1,886	4,349	6,089
Royalties and Franchise Fees [Member] | Operating Segments [Member]
Revenues:
Revenues	1,722	1,886	4,349	6,089
Wholesale [Member]
Revenues:
Total revenues	167,572	168,878	347,548	440,372
Income (loss) from operations	(12,738)	(32,424)	(232,178)	30,096
Wholesale [Member] | Operating Segments [Member]
Revenues:
Total revenues	346,621	383,425	692,715	962,793
Wholesale [Member] | Eliminations [Member]
Revenues:
Total revenues	(179,049)	(214,547)	(345,167)	(522,421)
Wholesale [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	346,621	383,425	692,715	962,793
Retail [Member]
Revenues:
Total revenues	366,203	371,353	854,961	1,176,866
Income (loss) from operations	(14,361)	(245,102)	(533,085)	(220,434)
Retail [Member] | Operating Segments [Member]
Revenues:
Total revenues	366,203	371,353	854,961	1,176,866
Retail [Member] | Net Sales [Member] | Operating Segments [Member]
Revenues:
Revenues	364,481	369,467	850,612	1,170,777
Retail [Member] | Royalties and Franchise Fees [Member] | Operating Segments [Member]
Revenues:
Revenues	$ 1,722	$ 1,886	$ 4,349	$ 6,089

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Detail) - Foreign Exchange Risk Management [Member]	9 Months Ended
	Sep. 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	Sep. 30, 2020USD ($)
Prepaid Expenses and Other Current Assets [Member]
Derivatives Fair Value [Line Items]
Derivative Assets	$ 131
Accrued Expenses [Member]
Derivatives Fair Value [Line Items]
Derivative Liabilities	$ 30

Derivative Financial Instrume_5

Derivative Financial Instruments - Schedule of Notional Amounts of Derivatives (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Foreign Exchange Contracts [Member]
Derivatives Fair Value [Line Items]
Notional amounts	$ 6,449,000	$ 300,000

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Nov. 30, 2019	Dec. 31, 2017
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	Sep. 30, 2020USD ($)
Term Loan Credit Agreement [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	$ 693,906
Debt Instrument Fair Value	569,034
6.125% Senior Notes - due 2023 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	22,765
Debt Instrument Fair Value	8,253
6.625% Senior Notes - due 2026 [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	106,273
Debt Instrument Fair Value	23,730
First Lien Party City Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	207,925
Debt Instrument Fair Value	155,153
First Lien Anagram Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	150,958
Debt Instrument Fair Value	158,056
Second Lien Anagram Notes [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument Carrying Amount	152,104
Debt Instrument Fair Value	$ 120,162

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net (loss) income attributable to common shareholders of Party City Holdco Inc.	$ 239,707	$ (281,533)	$ (431,821)	$ (263,677)
Weighted average shares - Basic	106,709,307	93,346,448	97,872,174	93,271,392
Effect of dilutive securities:
Warrants	0	0	0	0
Restricted stock units	166,324	0	0	0
Stock options	0	0	0	0
Weighted average shares - Diluted	106,875,631	93,346,448	97,872,174	93,271,392
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic	$ 2.25	$ (3.02)	$ (4.41)	$ (2.83)
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted	$ 2.24	$ (3.02)	$ (4.41)	$ (2.83)

Earnings Per share - Additional

Earnings Per share - Additional Information (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Employee Stock Option [Member]
Disclosure Of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of earnings per share	3,475,621	3,544,501	3,475,621	3,544,501
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	263,727	416,260	584,258	416,260

Current and Long-Term Obligat_3

Current and Long-Term Obligations - Summary of Long-Term Obligations (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Total long-term obligations	$ 1,348,680	$ 1,575,511
Less: current portion	(14,342)	(71,524)
Long-term obligations, excluding current portion	1,334,338	1,503,987
6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Total long-term obligations	22,765	347,015
6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Total long-term obligations	106,273	494,910
First Lien Party City Notes
Debt Instrument [Line Items]
Total long-term obligations	207,925
First Lien Anagram Notes
Debt Instrument [Line Items]
Total long-term obligations	150,958
Second Lien Anagram Notes
Debt Instrument [Line Items]
Total long-term obligations	152,104
Finance lease obligations [Member]
Debt Instrument [Line Items]
Total long-term obligations	14,749	14,990
Term Loan Credit Agreement [Member] | Senior Secured Term Loan Facility [Member]
Debt Instrument [Line Items]
Total long-term obligations	$ 693,906	$ 718,596

Current and Long-Term Obligat_4

Current and Long-Term Obligations - Summary of Long-Term Obligations (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 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

Current and Long-Term Obligat_5

Current and Long-Term Obligations - Additional Information (Detail) $ / shares in Units, $ in Thousands	Jul. 30, 2020USD ($)BasisPoint$ / sharesshares	Sep. 30, 2020USD ($)$ / shares	Dec. 31, 2019	Apr. 25, 2019USD ($)	Mar. 31, 2019USD ($)
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 640,000
Common stock, par value | $ / shares		$ 0.01
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
First Lien Anagram Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 44,500
Gain on restructuring of debt		273,149
Third-party fees incurred		18,902
Common stock issued in exchange		27,007
Cash received from participants in the exchange		39,544
Debt instrument undiscounted value including interest expense		82,160
Carrying amount of restructured debt		$ 32,328
Effective interest rate		3.50%
Principal balance of notes not participants in exchange		$ 50,500
Principal balance of notes after netting		45,678
Refinancing Transactions [Member]
Debt Instrument [Line Items]
Common stock issued | shares	15,942,551
Common stock, par value | $ / shares	$ 0.01
Refinancing Transactions [Member] | 6.125% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 327,076
Notes issued rate	6.125%
Debt instrument maturity period	2023
Refinancing Transactions [Member] | 6.625% Senior Notes due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 392,746
Notes issued rate	6.625%
Debt instrument maturity period	2026
Refinancing Transactions [Member] | Senior Secured First Lien Floating Rate Notes Due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 156,669
Debt instrument maturity period	2025
Refinancing Transactions [Member] | 10.00% PIK/Cash Senior Secured Second Lien Notes due 2026 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 84,687
Notes issued rate	10.00%
Debt instrument maturity period	2026
Refinancing Transactions [Member] | 15.00% PIK/Cash Senior Secured First Lien Notes due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 110,000
Notes issued rate	15.00%
Debt instrument maturity period	2025
Refinancing Transactions [Member] | First Lien Party City Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 5,000
Refinancing Transactions [Member] | First Lien Party City Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 161,669
Debt instrument maturity date	Jul. 15, 2025
Refinancing Transactions [Member] | First Lien Party City Notes [Member] | LIBOR [Member]
Debt Instrument [Line Items]
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
Refinancing Transactions [Member] | First Lien Anagram Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 110,000
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%
Refinancing Transactions [Member] | Second Lien Anagram Notes [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 84,687
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%
US Treasury Funds [Member]
Debt Instrument [Line Items]
Short term investment		$ 100,100
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
Outstanding aggregate principal amount, prepaid		$ 44,000
Line of credit drew down		269,800
Line of credit availability		$ 178,500

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Total revenues	$ 533,775	$ 540,231	$ 1,202,509	$ 1,617,238
Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	366,203	371,353	854,961	1,176,866
Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	167,572	168,878	347,548	440,372
Other Retail Segment Store [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	6,235	5,834	21,331	6,524
Net Sales [Member]
Disaggregation of Revenue [Line Items]
Net Sales	532,053	538,345	1,198,160	1,611,149
Net Sales [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	364,481	369,467	850,612	1,170,777
Royalties and Franchise Fees [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,722	1,886	4,349	6,089
Royalties and Franchise Fees [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	1,722	1,886	4,349	6,089
North America [Member] | Party City Stores [Member] | Retail Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	358,246	363,633	829,281	1,164,253
Domestic [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	79,388	82,670	177,263	231,257
International [Member] | Wholesale Segment [Member]
Disaggregation of Revenue [Line Items]
Net Sales	$ 88,184	$ 86,208	$ 170,285	$ 209,115

Cash, Cash Equivalents and Re_2

Cash, Cash Equivalents and Restricted Cash - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Restricted Cash And Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 170,562	$ 34,917
Prepaid Expenses and Other Current Assets [Member]
Restricted Cash And Cash Equivalents Items [Line Items]
Restricted cash	$ 125	$ 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