Funko (FNKO) 10-Q 7 Dec 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Dec. 05, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	FNKO
Entity Registrant Name	FUNKO, INC.
Entity Central Index Key	1,704,711
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Class A Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,337,705
Class B Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,975,932

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Apr. 21, 2017	Dec. 31, 2016
Assets
Assets	$ 0	$ 0
Current liabilities:
Commitments and contingencies
Stockholders' equity:
Common stock, par value $0.0001 per share, 100 shares authorized, issued and outstanding at September 30, 2017 and April 21, 2017	0	0
Total stockholders' equity	0	$ 0
Funko Acquisition Holdings, L.L.C. [Member]
Assets
Cash and cash equivalents	7,662		$ 6,161
Accounts receivable, net	99,293		83,607
Inventory	78,836		43,616
Prepaid expenses and other current assets	31,321		19,040
Total current assets	217,112		152,424
Property and equipment, net	38,964		25,473
Goodwill	107,265		97,453
Intangible assets, net	254,391		243,796
Other assets	4,223		3,091
Assets	621,955		522,237
Current liabilities:
Line of credit	61,650		6,729
Current portion long-term debt, net of unamortized discount	37,559		7,130
Accounts payable	44,952		23,653
Accrued royalties	25,380		21,284
Accrued expenses and other current liabilities	32,871		13,746
Current portion of contingent consideration	2,500		25,000
Total current liabilities	204,912		97,542
Long-term debt, net of unamortized discount	249,177		203,894
Deferred rent	3,438		3,424
Commitments and contingencies
Members' equity:
Senior Preferred units, $1,000 par value; no units authorized, issued, and outstanding at September 30, 2017 and December 31, 2016	0
Additional paid-in-capital	66,172		58,090
Accumulated other comprehensive income	1,361
Accumulated deficit	(128,976)		(60,024)
Total members' equity	164,428		217,377
Stockholders' equity:
Total liabilities and members' equity	621,955		522,237
Funko Acquisition Holdings, L.L.C. [Member] | Class A Units [Member]
Members' equity:
Common units, value	225,871		219,311
Total members' equity	287,044		274,343
Funko Acquisition Holdings, L.L.C. [Member] | Common Units [Member]
Members' equity:
Common units, value	0
Total members' equity	4,350		2,409
Funko Acquisition Holdings, L.L.C. [Member] | Home Run Units [Member]
Members' equity:
Common units, value	0
Total members' equity	$ 649		$ 649

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares		Sep. 30, 2017	Dec. 31, 2016
Common stock, par value		$ 0.0001
Common stock, shares authorized		100
Common stock, shares issued		100
Common stock, shares outstanding		100
Funko Acquisition Holdings, L.L.C. [Member]
Senior preferred units, par value		$ 1,000	$ 1,000
Senior preferred units, authorized		0	0
Senior preferred units, issued		0	0
Senior preferred units, outstanding		0	0
Class A Units [Member] | Funko Acquisition Holdings, L.L.C. [Member]
Common units, par value		$ 1,000	$ 1,000
Common units, authorized	[1]
Common units, issued		225,871	219,311
Common units, outstanding		225,871	219,311
Common Units [Member] | Funko Acquisition Holdings, L.L.C. [Member]
Common units, par value
Common units, authorized		12,500	12,500
Common units, issued		11,578	11,578
Common units, outstanding		11,578	11,578
Home Run Units [Member] | Funko Acquisition Holdings, L.L.C. [Member]
Common units, par value
Common units, authorized		11,724	11,724
Common units, issued		11,724	11,724
Common units, outstanding		11,724	11,724
[1]	Unlimited

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net sales	$ 142,812	$ 118,044	$ 346,610	$ 294,305
Cost of sales (exclusive of depreciation and amortization shown separately below)	84,387	71,784	214,453	197,583
Selling, general, and administrative expenses	32,511	18,694	83,412	55,781
Acquisition transaction costs	136	138	3,222	487
Depreciation and amortization	8,433	6,069	22,755	17,243
Total operating expenses	125,467	96,685	323,842	271,094
Income from operations	17,345	21,359	22,768	23,211
Interest expense, net	9,091	4,206	23,768	12,085
Other income, net	(32)		(145)
Income (loss) before income taxes	8,286	17,153	(855)	11,126
Income tax expense	22		1,046
Net income (loss)	$ 8,264	$ 17,153	$ (1,901)	$ 11,126

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Net income (loss)	$ 8,264	$ 17,153	$ (1,901)	$ 11,126
Other comprehensive income:
Foreign currency translation gain	590		1,361
Other comprehensive income (loss)	590		1,361
Comprehensive income (loss)	$ 8,854	$ 17,153	$ (540)	$ 11,126

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Members' Equity - Funko Acquisition Holdings, L.L.C. [Member] - 9 months ended Sep. 30, 2017 - USD ($) $ in Thousands	Total	Class A Units [Member]	Home Run Units [Member]	Common Units [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit Recourse Loans to Management [Member]	Retained Earnings [Member]
Beginning balance at Dec. 31, 2016	$ 217,377	$ 274,343	$ 649	$ 2,409		$ (773)	$ (59,251)
Beginning balance, units at Dec. 31, 2016		219,311	11,724	11,578
Equity issued in connection with acquisition	5,313	$ 5,313
Equity issued in connection with acquisition, units		2,000
Warrants issued in connection with long-term debt	5,726						5,726
Equity-based compensation	4,329	$ 2,388		$ 1,941
Net loss	(1,901)						(1,901)
Cumulative translation adjustment	1,361				$ 1,361
Recourse loans to management	188					188
Contributions from members	5,000	$ 5,000
Contributions from members, units		5,000
Distribution to members	(72,965)						(72,965)
Ending balance at Sep. 30, 2017	$ 164,428	$ 287,044	$ 649	$ 4,350	$ 1,361	$ (585)	$ (128,391)
Ending balance, units at Sep. 30, 2017		225,871	11,724	11,578

Condensed Consolidated Stateme7

Condensed Consolidated Statements of Cash Flows - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating Activities
Net income (loss)	$ (1,901)	$ 11,126
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	22,755	17,243
Equity-based compensation	4,329	1,750
Contingent consideration	30	8,058
Accretion of discount on long-term debt	3,280	740
Amortization of debt issuance costs	378	209
Changes in operating assets and liabilities:
Accounts receivable, net	(12,358)	(19,839)
Inventory	(17,158)	12,853
Prepaid expenses and other assets	(10,932)	(8,477)
Accounts payable	14,711	7,374
Accrued royalties	2,483	3,720
Accrued expenses and other liabilities	4,823	(38,439)
Net cash provided by (used in) operating activities	10,440	(3,682)
Investing Activities
Purchase of property and equipment	(26,278)	(13,295)
Acquisitions, net of cash	(28,443)
Net cash used in investing activities	(54,721)	(13,295)
Financing Activities
Borrowings on line of credit	110,177	26,838
Payments on line of credit	(55,256)	(20,816)
Proceeds from long-term debt, net	66,336	47,600
Payment of long-term debt	(9,650)	(5,450)
Proceeds from subordinated debt, net	20,000
Contingent consideration	(17,958)
Contributions from members	5,000	15,000
Distribution to members	(72,777)	(70,428)
Net cash provided by (used in) financing activities	45,872	(7,256)
Effect of exchange rates on cash and cash equivalents	(90)
Net increase (decrease) in cash and cash equivalents	1,501	(24,233)
Cash and cash equivalents at beginning of period	6,161	24,411
Cash and cash equivalents at end of period	7,662	178
Supplemental Cash Flow Information
Cash paid for interest	19,410	$ 9,970
Accrual for purchases of property and equipment	1,149
Reimbursement of management recourse loans	188
Class A Units [Member]
Supplemental Cash Flow Information
Issuance of Class A units for acquisitions	5,313
Issuance of warrants units in connection with long-term debt	5,061
Common Units [Member]
Supplemental Cash Flow Information
Issuance of warrants units in connection with long-term debt	$ 665

Organization and Operations

Organization and Operations	9 Months Ended
	Sep. 30, 2017
Organization and Operations	1. Organization Funko, Inc. (the “Company”) was formed as a Delaware corporation on April 21, 2017. The Company was formed for the purpose of completing an initial public offering (“IPO”) of its Class A common stock and related transactions in order to carry on the business of Funko Acquisition Holdings, L.L.C. (“FAH, LLC”) and its subsidiaries. As described in more detail in Note 4, “Subsequent Events,” on November 6, 2017, the Company completed its IPO, selling 10,416,666 shares of Class A common stock at a public offering price of $12.00 per share, and receiving approximately $116.4 million in net proceeds, after deducting underwriting discounts and commissions. The net proceeds from the IPO were used to purchase 10,416,666 newly-issued common units of FAH, LLC from FAH, LLC at a price per unit equal to the public offering price per share of Class A common stock sold in the IPO, less underwriting discounts and commissions. In connection with the IPO and related reorganization transactions, the Company became a holding company and its principal asset is the common units of FAH, LLC that it owns. As the sole managing member of FAH, LLC, the Company operates and controls all of the business and affairs of, FAH, LLC, and through its subsidiaries, conducts its business. As a result, the Company will consolidate the financial results of FAH, LLC and will report a non-controlling
Funko Acquisition Holdings, L.L.C. [Member]
Organization and Operations	1. Organization and Operations Funko Acquisition Holdings, L.L.C. (together with its subsidiaries, the “Company” or “FAH, LLC”) is a holding company with no operating assets or operations and was formed on September 24, 2015. On October 30, 2015, ACON Funko Investors, L.L.C., through FAH, LLC, acquired a controlling interest in Funko Holdings LLC, a Delaware limited liability company (“FHL”), which is also a holding company with no operating assets or operations, and which was formed on May 28, 2013. This acquisition is referred to as the “ACON Acquisition.” FAH, LLC owns 100% of FHL and FHL owns 100% of Funko, LLC, a limited liability company formed in the state of Washington, which is its operating entity. Funko, LLC is headquartered in Everett, Washington and is a leading pop culture consumer products company. Funko, LLC designs, sources, and distributes licensed pop culture products. Funko, Inc., a Delaware corporation, was formed on April 21, 2017 for the purpose of facilitating an initial public offering (“IPO”) and other related transactions in order to carry on FAH, LLC’s business. On November 6, 2017, Funko, Inc. completed an IPO of 10,416,666 shares of its Class A common stock at a public offering price of $12.00 per share (the “IPO”), receiving approximately $116.4 million in net proceeds, after deducting underwriting discounts and commissions, which were used to purchase 10,416,666 of FAH, LLC’s newly-issued common units at a price per unit equal to the price per share of Class A common stock sold in the IPO, less underwriting discounts and commissions. In connection with the IPO, Funko, Inc. became a holding company and its principal asset is the common units in FAH, LLC that it owns. As the sole managing member of FAH, LLC, Funko, Inc. operates and controls all of FAH, LLC’s operations, and through FAH, LLC’s and its subsidiaries, conducts FAH, LLC’s business. Consolidation and Interim Financial Information The unaudited condensed consolidated financial statements include FAH, LLC and its subsidiaries and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). In the opinion of management, all adjustments considered necessary for a fair presentation of the results as of the date and for the interim periods presented have been included; such adjustments consist of normal recurring adjustments. All intercompany balances and transactions have been eliminated. The consolidated results of operations for the current interim period are not necessarily indicative of the results for the entire year ending December 31, 2017, due to seasonality and other factors. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the prospectus, dated November 1, 2017, filed with the Securities and Exchange Commission (“SEC”) in accordance with Rule 424(b) of the Securities Act of 1933, as amended, on November 3, 2017 (the “Prospectus”).

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Presentation	2. Basis of Presentation The accompanying unaudited condensed Balance Sheets are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q S-X.

Stockholder's Equity

Stockholder's Equity	9 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholder's Equity	3. Stockholder’s Equity As of September 30, 2017, the Company was authorized to issue 100 shares of common stock, par value of $0.0001 per share, all of which were issued and outstanding as of that date. In connection with the Company’s IPO, the Company’s board of directors approved an amended and restated certificate of incorporation (the “Amended and Restated Certificate of Incorporation”), which became effective on November 1, 2017. The Amended and Restated Certificate of Incorporation authorizes the issuance of up to 200,000,000 shares of Class A common stock, up to 50,000,000 shares of Class B common stock and 20,000,000 shares of preferred stock, each having a par value of $0.0001 per share. Shares of Class A common stock have both economic and voting rights. Shares of Class B common stock have no economic rights, but do have voting rights. Holders of shares of Class A common stock and Class B common stock are entitled to one vote per share on all matters presented to stockholders. The Company’s board of directors has the discretion to determine the rights, preferences, privileges, restrictions and liquidation preferences of any series of preferred stock.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events	4. Subsequent Events Reorganization Transactions On November 1, 2017, in connection with the completion of the IPO, the Company completed a series of reorganization transactions (the “Transactions”). The Transactions included the following: • The amendment and restatement of the existing FAH, LLC limited liability company agreement (the “FAH LLC Agreement”) to, among other things, (i) convert all existing ownership interests (including vested profits interests and all unvested profits interests and existing warrants to purchase ownership interests in FAH, LLC) into common units of FAH, LLC (subject to common units received in exchange for unvested profits interests remaining subject to time-based vesting requirements), and (ii) appoint the Company as FAH, LLC’s sole managing member upon its acquisition of common units in connection with the IPO; • The amendment and restatement of the Company’s certificate of incorporation to, among other things, provide (i) for Class A common stock, with each share of Class A common stock entitling its holders to one vote per share on all matters presented to stockholders generally and (ii) for Class B common stock, with each share of Class B common stock entitling its holders to one vote per share on all matters presented to stockholders generally and that shares of Class B common stock may only be held by the Continuing Equity Owners and their permitted transferees; • Certain funds affiliated with ACON Funko Investors (the “Former Equity Owners”) exchanged their indirect ownership interests in common units of FAH, LLC for 12,921,039 shares of Class A common stock on a one-for-one • The Company entered into (i) a stockholders’ agreement with ACON Funko Investors and the Former Equity Owners, Fundamental Capital, LLC and Funko International, LLC (collectively, “Fundamental”) and Brian Mariotti, the Company’s Chief Executive Officer, (ii) a registration rights agreement with certain of the Original Equity Owners (including each of the Company’s executive officers), and (iii) a tax receivable agreement (the “Tax Receivable Agreement”) with FAH, LLC and each of the Continuing Equity Owners. The Transactions were effected on November 1, 2017, prior to the time the Company’s Class A common stock was registered under the Securities Exchange Act of 1934, as amended, and prior to the completion of the IPO. FAH, LLC Recapitalization As noted above, the FAH LLC Agreement, among other things, appointed the Company as FAH, LLC’s sole managing member and reclassified all outstanding membership interests in FAH, LLC as non-voting non-controlling The Amended and Restated Certificate of Incorporation discussed in Note 3, “Stockholders’ Equity,” and the FAH LLC Agreement discussed above requires FAH, LLC and the Company to, at all times, maintain (i) a one-to-one one-to-one one-to-one The Continuing Equity Owners may from time to time at each of their options (subject, in certain circumstances, to time-based vesting requirements) require FAH, LLC to redeem all or a portion of their common units in exchange for, at the Company’s election, newly-issued shares of our Class A common stock on a one-for-one one-for-one Tax Receivable Agreement On November 1, 2017, the Company entered into the Tax Receivable Agreement with FAH, LLC and each of the Continuing Equity Owners that provides for the payment by the Company to the Continuing Equity Owners of 85% of the amount of tax benefits, if any, that it realizes, or in some circumstances, are deemed to realize, as a result of (i) future redemptions funded by the Company or exchanges, or deemed exchanges in certain circumstances, of common units for Class A common stock or cash, and (ii) certain additional tax benefits attributable to payments made under the Tax Receivable Agreement. FAH, LLC intends to have in effect an election under Section 754 of the Internal Revenue Code effective for each taxable year in which a redemption or exchange (including deemed exchange) of common units for cash or stock occurs. These tax benefit payments are not conditioned upon one or more of the Continuing Equity Owners maintaining a continued ownership interest in FAH, LLC. In general, the Continuing Equity Owners’ rights under the Tax Receivable Agreement are assignable, including to transferees of common units in FAH, LLC (other than the Company as transferee pursuant to a redemption or exchange of common units in FAH, LLC). The Company expects to benefit from the remaining 15% of the tax benefits, if any, that the Company may realize. Initial Public Offering As noted above, on November 6, 2017, the Company completed its IPO of 10,416,666 shares of Class A common stock at a public offering price of $12.00 per share and received approximately $116.4 million in net proceeds, after deducting underwriting discounts and commissions. The Company used the net proceeds to purchase 10,416,666 newly issued common units directly from FAH, LLC at a price per unit equal to the initial public offering price per share of Class A common stock sold in the IPO less underwriting discounts and commissions. Immediately following the completion of the IPO, there were 24,975,932 shares of Class B common stock outstanding and 23,337,705 shares of Class A common stock outstanding, comprised of 10,416,666 shares issued in connection with the IPO and 12,921,039 shares issued in connection with the Transactions described above. Equity-Based Compensation On October 23, 2017, the Company adopted the Funko, Inc. 2017 Incentive Award Plan (the “2017 Plan”), which became effective on November 1, 2017, upon the effectiveness of the registration statement on Form S-1 No. 333-220856), The Company reserved a total of 5,518,518 shares of Class A common stock for issuance pursuant to the 2017 Plan. In connection with the IPO, the Company granted 1,028,500 options to purchase shares of Class A common stock to certain of its directors, executive officers and employees. Securities Litigation On November 16, 2017, a purported stockholder of the Company filed a putative class action lawsuit in the Superior Court of Washington in and for King County against Funko, Inc., certain of its officers and directors, and the underwriters of its initial public offering, entitled Robert Lowinger v. Funko, Inc., et. al., No. 17-2-29838-7
Funko Acquisition Holdings, L.L.C. [Member]
Subsequent Events	9. Subsequent Events Initial Public Offering On November 6, 2017, Funko, Inc. completed its IPO of 10,416,666 shares of Class A common stock at a public offering price of $12.00 per share and received approximately $116.4 million in net proceeds, after deducting underwriting discounts and commissions. Funko, Inc. used the net proceeds to purchase 10,416,666 newly issued common units directly from FAH, LLC at a price per unit equal to the initial public offering price per share of Class A common stock sold in the IPO less underwriting discounts and commissions. Immediately following the completion of the IPO and related reorganizational transactions, Funko Inc. held 23,337,705 common units of FAH, LLC, representing an approximately 48.3% economic interest in FAH, LLC. The Company used the net proceeds from the sale of common units to Funko, Inc., together with cash on hand, to repay all of the outstanding aggregate principal balance and accrued interest of $20.9 million on its Subordinated Promissory Notes, repay all of the outstanding aggregate principal balance and accrued interest of $46.1 million on its Term Loan B Facility and repay all of the outstanding aggregate principal balance and accrued interest of $55.6 million on its Revolving Credit Facility. The Company recorded a $5.1 million loss on debt extinguishment as a result of the write-off In connection with the IPO, existing options to purchase certain ownership interests in FAH, LLC were converted into 555,867 options to purchase common units in FAH, LLC and existing warrants to purchase ownership interests in FAH, LLC were converted into 240,398 common units of FAH, LLC. A Large Evil Corporation Limited On November 28, 2017, the Company acquired 100% of the outstanding equity of A Large Evil Corporation Limited, an animation studio based in Bath, United Kingdom, for approximately $4 million.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Significant Accounting Policies	2. Significant Accounting Policies Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions. Recently Adopted Accounting Standards Equity-based Compensation. Acquisition Accounting Inventory. last-in, first-out Goodwill Impairment. Recent Accounting Pronouncements Not Yet Adopted Lease Accounting The new guidance requires lessees to recognize all leases with a term of more than 12 months as lease assets and lease liabilities. A modified retrospective transition approach is required for leases existing at, or entered into after, the earliest period presented. The new standard is effective for the Company beginning January 1, 2019. Early adoption is permitted. The Company is evaluating the impact the adoption of this standard will have on its consolidated financial statements. Revenue Recognition Statement of Cash Flows

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Acquisitions	3. Acquisitions During the first half of 2017, the Company completed two acquisitions, and it applied the acquisition method of accounting, where the total purchase price was allocated, or preliminarily allocated, to tangible and intangible assets acquired and liabilities assumed based on their respective fair values. Loungefly The activity of Loungefly, LLC included in the Company’s unaudited condensed consolidated statements of operations from the acquisition date to September 30, 2017 was net sales of $7.1 million and net income of $0.8 million. Underground Toys Limited. the issuance of $3.2 million of FAH, LLC’s Class A units, an additional payment in cash of up to $2.5 million contingent upon the assignment of certain license agreements and certain working capital adjustments estimated to be $1.8 million. As of September 30, 2017, the Company has recorded certain adjustments to the working capital assumed, including a $1.3 million decrease to inventory. The purchase price allocation is not yet final as the Company is completing its analysis of the opening working capital balances and finalizing the valuation and related assumptions over the intangible assets acquired. The estimated fair value of the assets acquired and liabilities assumed is preliminary and differences between the preliminary and final estimated fair value could be material. Costs, such as advisory, legal, accounting fees and change of control fees, the Company incurred related to the acquisition of certain assets of Underground Toys Limited were nominal for the three months ended September 30, 2017, and $1.8 million for the nine months ended September 30, 2017, and are recorded within acquisition transaction costs in the unaudited condensed consolidated statements of operations. Foreign currency transaction gains and losses are included in other income, net on the unaudited condensed consolidated statements of operations. Foreign currency transaction gains and losses were not significant for the three and nine months ended September 30, 2017. Prior to the Underground Toys Acquisition, the Company recognized net sales to Underground Toys Limited of $8.3 million and $22.3 million for the three and nine months ended September 30, 2016, respectively. The Company had $14.7 million of accounts receivable attributable to Underground Toys Limited as of December 31, 2016. The activity of Funko UK, Ltd. included in the Company’s unaudited condensed consolidated statements of operations from the acquisition date to September 30, 2017 was net sales of $25.3 million and a net loss of $0.5 million for the three months ended September 30, 2017, and net sales of $56.4 million and a net loss of $1.9 million for the nine months ended September 30, 2017. The Company’s U.K. operations are subject to U.K. income taxes, which were $0.8 million for the period from the acquisition date to September 30, 2017 and are included within income tax expense on the unaudited condensed consolidated statements of operations. For the acquisitions described above, the Company recorded goodwill amounting to $9.7 million in the aggregate, which relates to a number of factors, including the future earnings and cash flow potential of the businesses, the multiple to earnings, cash flow and other factors at which similar businesses have been purchased by other acquirers, the competitive nature of the processes by which the Company acquired the businesses, the avoidance of the time and costs which would be required (and the associated risks that would be encountered) to enhance its existing offerings to key target markets and develop new and profitable businesses, and the complimentary strategic fit and resulting expected synergies to be achieved. A summary of the purchase price allocations for the acquisitions consist of the following: Underground Loungefly Toys Limited (In thousands) Assets (liabilities) acquired (assumed) at fair value): Cash $ 1,501 $ — Accounts receivable 3,315 — Inventory 1,799 15,263 Other current assets 205 1,122 Property and equipment 214 289 Intangible assets 14,295 6,500 Goodwill 6,655 2,999 Current liabilities (7,963 ) (6,183 ) Total estimated consideration transferred $ 20,021 $ 19,990 The following table summarizes the estimated identifiable intangible assets acquired in connection with the transactions described above and their estimated useful lives: Estimated Fair Value of Estimated Loungefly Underground (in thousands) (Years) Intangible asset type: Customer relationships $ 960 $ 3,700 10 Licensor relationships 11,225 2,500 10 Trade name 2,110 — 10 Supplier relationships — 300 2 $ 14,295 $ 6,500

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Fair Value Measurements	4. Fair Value Measurements The Company’s financial instruments, other than those discussed below, include cash, accounts receivable, accounts payable, and accrued liabilities. The carrying amount of these financial instruments approximate fair value due to the short-term nature of these instruments. For financial instruments measured at fair value on a recurring basis, the Company prioritizes the inputs used in measuring fair value according to a three-tier fair value hierarchy defined by U.S. GAAP. For a description of the methods and assumptions that the Company uses to estimate the fair value and determine the classification according to the fair value hierarchy for each financial instrument, see the Company’s audited consolidated financial statements and related notes included in its Prospectus. Contingent Consideration. The Company recorded $54.9 million in contingent consideration which represented the fair value at the time of the ACON Acquisition, $40.0 million of which was paid out during the nine months ended September 30, 2016, and the remaining $25.0 million of which was paid out during the nine months ended September 30, 2017. The Company recorded an estimated $2.5 million in contingent consideration at the time the Company acquired Underground Toys Limited. The fair value of contingent consideration related to the acquisition of Underground Toys Limited was $2.5 million at September 30, 2017. The following table sets forth the fair value and a summary of changes to the fair value of these Level 3 financial liabilities (in thousands): Contingent Consideration Balance at December 31, 2016 $ 25,000 Additions 2,470 Payments (25,000 ) Changes in fair value 30 Balance at September 30, 2017 $ 2,500 Changes in fair value reflect changes to the Company’s assumptions regarding probabilities of successful achievement of the earnings-based metrics, the timing of when the payment will be made, and the discount rate used to estimate the fair value of the obligation, and are recorded within selling, general and administrative expense in the unaudited condensed consolidated statements of operations. Debt.

Debt

Debt	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Debt	5. Debt Debt consists of the following (in thousands): September 30, 2017 December 31, 2016 (In thousands) Line of Credit $ 61,650 $ 6,729 Subordinated Promissory Notes $ 20,000 $ — Term Loan A 230,750 217,400 Term Loan B 47,000 — Debt issuance costs (11,014 ) (6,376 ) 286,736 211,024 Less: current portion 37,559 7,130 Long-term debt, net $ 249,177 $ 203,894 Subordinated Promissory Notes On June 26, 2017, FAH, LLC issued promissory notes payable to certain of its members, including several members of management and its majority owner, in the aggregate principal amount of $20.0 million (the “Subordinated Promissory Notes”). Borrowings under the Subordinated Promissory Notes accrued interest at a rate equal to 11.0% per year for the first 90 days after their effective date, increasing to 13.0% per year 91 days after such effective date and 15.0% per year 181 days after such effective date. Proceeds from the Subordinated Promissory Notes were used to finance a portion of the contingent consideration related to the ACON Acquisition that was paid out during the nine months ended September 30, 2017. The Subordinated Promissory Notes mature on the earlier of (i) 180 days after payment of all obligations under the Senior Secured Credit Facilities (discussed further below) or (ii) the consummation of a qualified initial public offering. Accordingly, the Company classified the Subordinated Promissory Notes as current as of September 30, 2017 in the accompanying unaudited condensed consolidated balance sheets. In November 2017, all of the outstanding aggregate principal balance and accrued interest on the Subordinated Promissory Notes of $20.9 million was repaid in connection with Funko, Inc.’s IPO. Senior Secured Credit Facilities In October 2015, the Company entered into a credit agreement which provided for a $175.0 million term loan facility (the “Term Loan A Facility”) and revolving credit facility, including a $3.0 million subfacility for the issuance of letters of credit (the “Revolving Credit Facility”). On January 17, 2017, the Company entered into an amendment to its credit agreement which provided for, among other things, an additional $50.0 million term loan facility (the “Term Loan B Facility” and, together with the Term Loan A Facility and Revolving Credit Facility, the “Senior Secured Credit Facilities”), providing for interest rate options that can be chosen by the Company and an increase in commitments under the Revolving Credit Facility to $80.0 million. The Term Loan B Facility is payable in monthly installments of $1.0 million per month, with options to defer its installment payment on or prior to December 31, 2017 upon compliance with certain conditions. The remaining unpaid balance on the Term Loan B Facility, together with all accrued and unpaid interest, is due and payable on the earlier of October 30, 2021 and the date all commitments under the Revolving Credit Facility are terminated. Proceeds from the Term Loan B Facility were used to fund a $49.0 million special cash distribution to the holders of FAH, LLC’s Class A units, $0.8 million in cash bonus payments to certain of FAH, LLC’s executive officers and other employees and a $0.2 million reduction in interest and principal under loans to certain members of management. In conjunction with this amendment, the Company issued the lenders warrants to purchase 1,774 of FAH, LLC’s Class A units and 94 of FAH, LLC’s common units. The debt and warrants were measured at their relative fair value at the date of issuance and as the warrants were determined to be an equity instrument, the relative fair value of the warrants, net of the allocated portion of issuance costs was recorded as additional paid-in In June 2017, the Company entered into additional amendments to its credit agreement to, among other things, (1) permit the Company to enter into certain subordinated loan documents, and (2) increase borrowings under the Term Loan A Facility by $20.0 million, increase commitments under the Revolving Credit Facility to $100.0 million and make certain changes to certain covenants and definitions. Proceeds from the additional Term Loan A Facility borrowings were used to fund a portion of the purchase price for the Loungefly Acquisition and to pay related fees and expenses. The Senior Secured Credit Facilities also provide for an excess cash flow payment following the end of each fiscal year that requires the Company to prepay the outstanding principal amount of all loans under the Senior Secured Credit Facilities in an aggregate amount equal to 60% of excess cash flow for such fiscal year, subject to certain step-downs and other reductions based on the Company’s senior leverage ratio and the amount of certain voluntary prepayments. The Company did not make any excess cash flow prepayments for the nine months ended September 30, 2017 or 2016. Borrowings under the Term Loan A Facility accrue interest at an annual rate equal to, at the Company’s option, either (1) the Reference Rate plus a margin of 6.25%, or (2) the LIBOR Rate plus a margin of 7.25%. The “Reference Rate” is defined as the greatest of (1) a commercial lending rate publicly announced by the reference bank, (2) the federal funds open rate plus 0.50% per year, and (3) the one-month write-off The Senior Secured Credit Facilities are collateralized by substantially all of the assets of, and the equity interests held by, the borrowers and any subsidiary guarantor that may become party to the credit agreement in the future, subject to certain exceptions. The Senior Secured Credit Facilities also contain certain financial and restrictive covenants. As of September 30, 2017 and December 31, 2016, the Company was in compliance with all covenants under the Senior Secured Credit Facilities. The Company had $61.7 million and $6.7 million of borrowings outstanding under the Revolving Credit Facility as of September 30, 2017 and December 31, 2016, respectively. In November 2017, all of the outstanding aggregate principal balance and accrued interest of $55.6 million was repaid on the Revolving Credit Facility in connection with the IPO. There were no outstanding letters of credit as of September 30, 2017 and December 31, 2016.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Commitments and Contingencies	6. Commitments and Contingencies License Agreements The Company enters into license agreements with various licensors of copyrighted and trademarked characters and design in connection with the products that it sells. The agreements generally require royalty payments based on product sales and in some cases may require minimum royalty and other related commitments. Leases The Company has entered into non-cancellable Legal Contingencies The Company is involved in claims and litigation in the ordinary course of business, some of which seek monetary damages, including claims for punitive damages, which are not covered by insurance. For certain pending matters, accruals have not been established because such matters have not progressed sufficiently through discovery, and/or development of important factual information and legal information is insufficient to enable the Company to estimate a range of possible loss, if any. An adverse determination in one or more of these pending matters could have an adverse effect on the Company’s condensed consolidated financial position, results of operations or cash flows.

Segments

Segments	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Segments	7. Segments The Company identifies its reportable segments according to how the business activities are managed and evaluated and for which discrete financial information is available and for which is regularly reviewed by its Chief Operating Decision Maker (the “CODM”) to allocate resources and assess performance. Because its CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, it has one reportable segment. The following table is a summary of product categories as a percent of net sales: Three Months ended September 30, Nine Months ended September 30, 2017 2016 2017 2016 Figures 80.4 % 79.9 % 82.4 % 80.9 % Other 19.6 % 20.1 % 17.6 % 19.1 % The following tables present summarized geographical information (in thousands): Three Months ended September 30, Nine Months ended September 30, 2017 2016 2017 2016 Net sales: United States $ 104,234 $ 97,877 $ 253,782 $ 242,531 Foreign 38,578 20,167 92,828 51,774 Total net sales $ 142,812 $ 118,044 $ 346,610 $ 294,305 September 30, December 31, 2017 2016 Long-lived assets: United States $ 25,589 $ 14,773 China and Vietnam 16,888 13,791 United Kingdom 710 — Total long-lived assets $ 43,187 $ 28,564

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Related Party Transactions	8. Related Party Transactions Members’ Equity Contribution On June 26, 2017, the Company issued 5,000 Class A units in exchange for a contribution of $5.0 million from several members of management and ACON. As a result of this issuance, the Company recorded equity-based compensation expense in the unaudited condensed consolidated statements of operations of $2.2 million. ACON Equity Management Agreement On October 31, 2015, the Company entered into a management services agreement with ACON Equity Management, L.L.C. (“ACON Equity Management”), which requires payment of a monitoring fee equal to the greater of (1) $500,000 and (2) 2% prior year Adjusted EBITDA, up to a maximum fee of $2.0 million. Pursuant to the management services agreement, Funko, LLC also agreed to pay ACON Equity Management a one-time The Company recognized $0.5 million and $1.5 million in management fees for the three and nine months ended September 30, 2017, respectively, and $0.4 million and $1.1 million for the three and nine months ended September 30, 2016, respectively. These fees are recorded within selling, general and administrative expenses. As of September 30, 2017 and December 31, 2016, $0.5 million and $0.4 million, respectively, of these fees and other amounts due to ACON Equity Management, were included within accrued expenses and other current liabilities. Promissory and Subordinated Promissory Notes In October 2015, the Company entered into subscription agreements with several members of management (the “Purchasers”) to purchase FAH, LLC Class A units having an aggregate purchase price of $0.9 million. Funko, LLC entered into a secured promissory note with each Purchaser in an amount equal to the purchase price of the Class A units purchased by such individual. Amounts outstanding under the promissory notes were collateralized by all direct or indirect ownership interests of the Purchasers in FAH, LLC. The promissory notes had an 8% interest rate compounded on an annual basis, and were recorded as a non-cash See discussion of the Subordinated Promissory Notes in Note 5, “Debt.” The Subordinated Promissory Notes were repaid in November 2017, with proceeds from the IPO. Other Agreements In June 2017, in connection with the Loungefly Acquisition, the Company assumed a lease for the Loungefly headquarters and warehouse operations with 20310 Plummer Street LLC and entered into a global sourcing agreement with Sure Star Development Ltd. Both entities are owned by the Company’s employees, who were the former owners of Loungefly, LLC. For the three and nine months ended September 30, 2017, the Company recorded $0.1 million in rental expense related to the lease, which was recorded in selling, general and administrative expenses in the Company’s unaudited condensed consolidated statements of operations. At September 30, 2017, amounts owed to those entities were $6.6 million and were recorded in accounts payable and accrued liabilities on the unaudited condensed consolidated balance sheet. The Company sells products to Forbidden Planet, a U.K. retailer through its wholly owned subsidiary Funko UK, Ltd. One of the investors in Forbidden Planet is an employee of Funko UK. For the three and nine months ended September 30, 2017, the Company recorded approximately $1.5 million and $2.7 million, respectively, in net sales to Forbidden Planet. At September 30, 2017, accounts receivable from Forbidden Planet were $0.5 million on the unaudited condensed consolidated balance sheet.

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed Balance Sheets are presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q S-X.
Funko Acquisition Holdings, L.L.C. [Member]
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions.
Recently Adopted Accounting Standards and Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Standards Equity-based Compensation. Acquisition Accounting Inventory. last-in, first-out Goodwill Impairment. Recent Accounting Pronouncements Not Yet Adopted Lease Accounting The new guidance requires lessees to recognize all leases with a term of more than 12 months as lease assets and lease liabilities. A modified retrospective transition approach is required for leases existing at, or entered into after, the earliest period presented. The new standard is effective for the Company beginning January 1, 2019. Early adoption is permitted. The Company is evaluating the impact the adoption of this standard will have on its consolidated financial statements. Revenue Recognition Statement of Cash Flows

Acquisitions (Tables)

Acquisitions (Tables) - Funko Acquisition Holdings, L.L.C. [Member]	9 Months Ended
	Sep. 30, 2017
Summary of Purchase Price Allocations	A summary of the purchase price allocations for the acquisitions consist of the following: Underground Loungefly Toys Limited (In thousands) Assets (liabilities) acquired (assumed) at fair value): Cash $ 1,501 $ — Accounts receivable 3,315 — Inventory 1,799 15,263 Other current assets 205 1,122 Property and equipment 214 289 Intangible assets 14,295 6,500 Goodwill 6,655 2,999 Current liabilities (7,963 ) (6,183 ) Total estimated consideration transferred $ 20,021 $ 19,990
Summary of Estimated Identifiable Intangible Assets Acquired	The following table summarizes the estimated identifiable intangible assets acquired in connection with the transactions described above and their estimated useful lives: Estimated Fair Value of Estimated Loungefly Underground (in thousands) (Years) Intangible asset type: Customer relationships $ 960 $ 3,700 10 Licensor relationships 11,225 2,500 10 Trade name 2,110 — 10 Supplier relationships — 300 2 $ 14,295 $ 6,500

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Summary of Fair Value and Changes to Fair Value of Level 3 Financial Liabilities	The following table sets forth the fair value and a summary of changes to the fair value of these Level 3 financial liabilities (in thousands): Contingent Consideration Balance at December 31, 2016 $ 25,000 Additions 2,470 Payments (25,000 ) Changes in fair value 30 Balance at September 30, 2017 $ 2,500

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2017
Funko Acquisition Holdings, L.L.C. [Member]
Summary of Debt	Debt consists of the following (in thousands): September 30, 2017 December 31, 2016 (In thousands) Line of Credit $ 61,650 $ 6,729 Subordinated Promissory Notes $ 20,000 $ — Term Loan A 230,750 217,400 Term Loan B 47,000 — Debt issuance costs (11,014 ) (6,376 ) 286,736 211,024 Less: current portion 37,559 7,130 Long-term debt, net $ 249,177 $ 203,894

Segments (Tables)

Segments (Tables) - Funko Acquisition Holdings, L.L.C. [Member]	9 Months Ended
	Sep. 30, 2017
Summary of Product Categories as Percent of Net Sales	The following table is a summary of product categories as a percent of net sales: Three Months ended September 30, Nine Months ended September 30, 2017 2016 2017 2016 Figures 80.4 % 79.9 % 82.4 % 80.9 % Other 19.6 % 20.1 % 17.6 % 19.1 %
Summary of Net Sales and Long-Lived Assets	The following tables present summarized geographical information (in thousands): Three Months ended September 30, Nine Months ended September 30, 2017 2016 2017 2016 Net sales: United States $ 104,234 $ 97,877 $ 253,782 $ 242,531 Foreign 38,578 20,167 92,828 51,774 Total net sales $ 142,812 $ 118,044 $ 346,610 $ 294,305 September 30, December 31, 2017 2016 Long-lived assets: United States $ 25,589 $ 14,773 China and Vietnam 16,888 13,791 United Kingdom 710 — Total long-lived assets $ 43,187 $ 28,564

Organization - Additional Infor

Organization - Additional Information (Detail) - Subsequent Event [Member] $ / shares in Units, $ in Millions	Nov. 06, 2017USD ($)$ / sharesshares
IPO [Member] | Class A Common Stock [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Shares issued under IPO	10,416,666
Shares issued, price per share | $ / shares	$ 12
Net proceeds from initial offering after deducting underwriting discounts and commissions | $	$ 116.4
Funko Acquisition Holdings, L.L.C. [Member] | Common Units [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of shares sold	10,416,666

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) - $ / shares	Nov. 06, 2017	Nov. 01, 2017	Sep. 30, 2017	Apr. 21, 2017
Class of Stock [Line Items]
Common stock, shares authorized			100	100
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, shares outstanding			100	100
Common stock, shares issued			100	100
Subsequent Event [Member] | Amended and Restated Certificate of Incorporation [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized		20,000,000
Preferred stock, par value		$ 0.0001
Subsequent Event [Member] | Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	23,337,705
Subsequent Event [Member] | Class A Common Stock [Member] | Amended and Restated Certificate of Incorporation [Member]
Class of Stock [Line Items]
Common stock, shares authorized		200,000,000
Common stock, par value		$ 0.0001
Subsequent Event [Member] | Class B Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares outstanding	24,975,932
Subsequent Event [Member] | Class B Common Stock [Member] | Amended and Restated Certificate of Incorporation [Member]
Class of Stock [Line Items]
Common stock, shares authorized		50,000,000
Common stock, par value		$ 0.0001

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) $ / shares in Units, $ in Thousands	Nov. 28, 2017USD ($)	Nov. 06, 2017USD ($)$ / sharesshares	Nov. 01, 2017Vote / sharesshares	Oct. 23, 2017shares	Sep. 30, 2017USD ($)shares	Sep. 30, 2016USD ($)	Apr. 21, 2017shares
Subsequent Event [Line Items]
Common stock, shares outstanding					100		100
Common stock, shares issued					100		100
Funko Acquisition Holdings, L.L.C. [Member]
Subsequent Event [Line Items]
Repayment of outstanding aggregate principal balance and accrued interest | $					$ 55,256	$ 20,816
Subsequent Event [Member] | Tax Receivable Agreement [Member]
Subsequent Event [Line Items]
Percentage of tax benefits required to pay under the tax receivable agreement			85.00%
Tax benefit percentage expected			15.00%
Subsequent Event [Member] | Class A Common Stock [Member]
Subsequent Event [Line Items]
Number of vote per share | Vote / shares			1
Common stock, shares outstanding		23,337,705
Subsequent Event [Member] | Class A Common Stock [Member] | 2017 Plan [Member]
Subsequent Event [Line Items]
Common stock reserved for issuance				5,518,518
Subsequent Event [Member] | Class A Common Stock [Member] | IPO [Member]
Subsequent Event [Line Items]
Shares issued under IPO		10,416,666
Sale of stock price per share | $ / shares		$ 12
Proceeds from initial offering after deducting underwriting discounts and commissions | $		$ 116,400
Common stock, shares issued		10,416,666
Options granted				1,028,500
Subsequent Event [Member] | Class A Common Stock [Member] | Former Owner ownership interests exchanged [Member]
Subsequent Event [Line Items]
Common stock, shares issued			12,921,039
Subsequent Event [Member] | Class B Common Stock [Member]
Subsequent Event [Line Items]
Number of vote per share | Vote / shares			1
Common stock, shares outstanding		24,975,932
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member]
Subsequent Event [Line Items]
Ownership percentage		48.30%
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | Term Loan B [Member]
Subsequent Event [Line Items]
Loss on debt extinguishment | $		$ 5,100
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | IPO [Member]
Subsequent Event [Line Items]
Options to purchase ownership interests converted to common units		555,867
Warrants to purchase ownership interests converted to units		240,398
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | IPO [Member] | Subordinated Promissory Notes [Member]
Subsequent Event [Line Items]
Repayments of outstanding aggregate principal balance and accrued interest | $		$ 20,900
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | IPO [Member] | Term Loan B [Member]
Subsequent Event [Line Items]
Repayment of term loan outstanding aggregate principal balance and accrued interest | $		46,100
Loss on debt extinguishment | $		5,100
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | IPO [Member] | Revolving Credit Facility [Member]
Subsequent Event [Line Items]
Repayment of outstanding aggregate principal balance and accrued interest | $		$ 55,600
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | Class A Common Stock [Member]
Subsequent Event [Line Items]
Former Equity Owners indirect ownership interests exchanged for common units			12,921,039
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | Common Units [Member]
Subsequent Event [Line Items]
Number of shares sold		10,416,666
Subsequent Event [Member] | Funko Acquisition Holdings, L.L.C. [Member] | A Large Evil Corporation Limited [Member]
Subsequent Event [Line Items]
Business purchase price subject to closing considerations | $	$ 4,000
Business acquisition, ownership interest acquired	100.00%

Organization and Operations - A

Organization and Operations - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Nov. 06, 2017	Sep. 30, 2017
Subsequent Event [Member] | Class A Common Stock [Member] | IPO [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Shares issued under IPO	10,416,666
Shares issued, price per share	$ 12
Net proceeds from initial offering after deducting underwriting discounts and commissions	$ 116.4
Funko Acquisition Holdings, L.L.C. [Member] | Funko Holdings LLC [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage		100.00%
Funko Acquisition Holdings, L.L.C. [Member] | Funko LLC [Member] | Funko Holdings LLC [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage		100.00%
Funko Acquisition Holdings, L.L.C. [Member] | Subsequent Event [Member] | Common Units [Member]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Number of shares sold	10,416,666

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Funko Acquisition Holdings, L.L.C. [Member] $ in Thousands	Jun. 28, 2017USD ($)	Jan. 27, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2017Acquisitions	Sep. 30, 2017USD ($)	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Number of business acquired | Acquisitions					2
Acquisition transaction costs			$ 136	$ 138			$ 3,222	$ 487
Contingent consideration payable			2,500			$ 2,500	2,500		$ 25,000
Net sales prior to acquisition			142,812	118,044			346,610	294,305
Income tax expense			22				1,046
Goodwill			107,265			107,265	$ 107,265		97,453
Loungefly [Member]
Business Acquisition [Line Items]
Date of acquisition							Jun. 28, 2017
Cash consideration paid	$ 17,900
Transaction fees	1,800
Business acquisition, working capital adjustments			800
Acquisition transaction costs			100				$ 800
Actual net sales from acquisition date							7,100
Actual net income (loss) from acquisition date							$ 800
Goodwill	6,655
Loungefly [Member] | Class A Units [Member]
Business Acquisition [Line Items]
Equity consideration paid	$ 2,100
Underground Toys Limited [Member]
Business Acquisition [Line Items]
Date of acquisition							Jan. 27, 2017
Cash consideration paid		$ 12,600
Business acquisition, working capital adjustments		1,800
Acquisition transaction costs							$ 1,800
Actual net sales from acquisition date						25,300	56,400
Actual net income (loss) from acquisition date						(500)	(1,900)
Contingent consideration payable		2,500	2,500			2,500	2,500
Adjustments to the working capital assumed, decrease to inventory							1,300
Net sales prior to acquisition				$ 8,300				$ 22,300
Accounts receivable prior to acquisition									$ 14,700
Goodwill		2,999
Underground Toys Limited [Member] | Class A Units [Member]
Business Acquisition [Line Items]
Equity consideration paid		$ 3,200
Underground Toys Limited [Member] | United Kingdom [Member]
Business Acquisition [Line Items]
Income tax expense						800
Underground Toys Limited and Loungefly LLC [Member]
Business Acquisition [Line Items]
Goodwill			$ 9,700			$ 9,700	$ 9,700

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase Price Allocations (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 28, 2017	Jan. 27, 2017	Dec. 31, 2016
Assets (liabilities) acquired (assumed) at fair value):
Goodwill	$ 107,265			$ 97,453
Loungefly [Member]
Assets (liabilities) acquired (assumed) at fair value):
Cash		$ 1,501
Accounts receivable		3,315
Inventory		1,799
Other current assets		205
Property and equipment		214
Intangible assets		14,295
Goodwill		6,655
Current liabilities		(7,963)
Total estimated consideration transferred		$ 20,021
Underground Toys Limited [Member]
Assets (liabilities) acquired (assumed) at fair value):
Inventory			$ 15,263
Other current assets			1,122
Property and equipment			289
Intangible assets			6,500
Goodwill			2,999
Current liabilities			(6,183)
Total estimated consideration transferred			$ 19,990

Acquisitions - Summary of Estim

Acquisitions - Summary of Estimated Identifiable Intangible Assets Acquired (Detail) - Funko Acquisition Holdings, L.L.C. [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Loungefly [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 14,295
Underground Toys Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 6,500
Customer Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated useful life	10 years
Customer Relationships [Member] | Loungefly [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 960
Customer Relationships [Member] | Underground Toys Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 3,700
Licensor Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated useful life	10 years
Licensor Relationships [Member] | Loungefly [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 11,225
Licensor Relationships [Member] | Underground Toys Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 2,500
Trade Name [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated useful life	10 years
Trade Name [Member] | Loungefly [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 2,110
Supplier Relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, estimated useful life	2 years
Supplier Relationships [Member] | Underground Toys Limited [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, fair value	$ 300

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Jan. 27, 2017	Oct. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Payment of contingent consideration	$ 17,958
Fair value contingent consideration liability	2,500		$ 25,000
Level 3 [Member] | Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair values of debt instruments	$ 266,700		$ 196,300
Estimate of discount rate	13.00%		11.00%
ACON Equity Management, L.L.C. [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value contingent consideration liability					$ 54,900
Payment of contingent consideration	$ 25,000	$ 40,000
Underground Toys Limited [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value contingent consideration liability	$ 2,500			$ 2,500

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value and Changes to Fair Value of Level 3 Financial Liabilities (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - Fair Value Measurements Recurring Basis [Member] - Level 3 [Member] - Contingent Consideration Liability From Business Acquisitions [Member] $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at December 31, 2016	$ 25,000
Additions	2,470
Payments	(25,000)
Changes in fair value	30
Balance at September 30, 2017	$ 2,500

Debt - Summary of Debt (Detail)

Debt - Summary of Debt (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	Sep. 30, 2017	Jun. 26, 2017	Jan. 17, 2017	Dec. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Line of credit	$ 61,650			$ 6,729
Debt issuance costs	(11,014)			(6,376)
Long-term debt	286,736			211,024
Less: current portion	37,559			7,130
Long-term debt, net	249,177			203,894
Term Loan A [Member]
Debt Instrument [Line Items]
Long-term debt	230,750			$ 217,400	$ 175,000
Term Loan B [Member]
Debt Instrument [Line Items]
Long-term debt	47,000		$ 50,000
Subordinated Promissory Notes [Member]
Debt Instrument [Line Items]
Subordinated Promissory Notes	$ 20,000	$ 20,000

Debt - Subordinated Promissory

Debt - Subordinated Promissory Notes - Additional Information (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - Subordinated Promissory Notes [Member] - USD ($) $ in Thousands	Nov. 06, 2017	Sep. 30, 2017	Jun. 26, 2017
Debt Instrument [Line Items]
Subordinated promissory notes, aggregate principal amount		$ 20,000	$ 20,000
Maturity date description		The Subordinated Promissory Notes mature on the earlier of (i) 180 days after payment of all obligations under the Senior Secured Credit Facilities (discussed further below) or (ii) the consummation of a qualified initial public offering.
For First 90 Days After Effective Date [Member]
Debt Instrument [Line Items]
Interest rate of borrowings		11.00%
After 91 Days and Before 181 Days of Effective Date [Member]
Debt Instrument [Line Items]
Interest rate of borrowings		13.00%
After 181 Days of Effective Date [Member]
Debt Instrument [Line Items]
Interest rate of borrowings		15.00%
Subsequent Event [Member] | IPO [Member]
Debt Instrument [Line Items]
Repayments of outstanding aggregate principal balance and accrued interest	$ 20,900

Debt - Senior Secured Credit Fa

Debt - Senior Secured Credit Facilities - Additional Information (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($)	Nov. 06, 2017	Oct. 05, 2017	Jun. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Jan. 17, 2017	Dec. 31, 2016	Oct. 31, 2015
Debt Instrument [Line Items]
Excess cash flow prepayments				$ 0	$ 0
Line of credit, current				61,650,000			$ 6,729,000
Repayment of outstanding aggregate principal balance and accrued interest				55,256,000	$ 20,816,000
Term Loan A [Member]
Debt Instrument [Line Items]
Term loan facility				$ 230,750,000			217,400,000	$ 175,000,000
Term loan facility, increase in borrowing amount			$ 20,000,000
Term loan facility description				Borrowings under the Term Loan A Facility accrue interest at an annual rate equal to, at the Company’s option, either (1) the Reference Rate plus a margin of 6.25%, or (2) the LIBOR Rate plus a margin of 7.25%. The “Reference Rate” is defined as the greatest of (1) a commercial lending rate publicly announced by the reference bank, (2) the federal funds open rate plus 0.50% per year, and (3) the one-month LIBOR published in the Wall Street Journal plus 1.00% per year, subject to a 3.00% floor.
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit				$ 100,000,000		$ 80,000,000		$ 3,000,000
Line of credit, current				61,700,000			6,700,000
Term Loan B [Member]
Debt Instrument [Line Items]
Term loan facility				$ 47,000,000		$ 50,000,000
Frequency of payments				Monthly
Term loan payment				$ 1,000,000
Term loan facility maturity date				Oct. 30, 2021
Term loan facility description				Borrowings under the Term Loan B Facility accrue interest at an annual rate equal to, at the Company’s option, either (1) the Reference Rate plus a margin of 9.00% per year, or (2) the LIBOR Rate plus a margin of 10.00% per year.
Letters of Credit [Member]
Debt Instrument [Line Items]
Line of credit				$ 0			$ 0
Class A Units [Member]
Debt Instrument [Line Items]
Special cash distribution				$ 49,000,000
Reference Rate [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Margin percentage				6.25%
Reference Rate [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Margin percentage				9.00%
LIBOR [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Margin percentage				7.25%
Floor interest rate				1.00%
LIBOR [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Margin percentage				10.00%
Federal Funds Open Rate [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Margin percentage				0.50%
One Month London Interbank Offered Rate L I B O R [Member] | Term Loan A [Member]
Debt Instrument [Line Items]
Margin percentage				1.00%
Floor interest rate				3.00%
Executive Officers and Other Employees [Member]
Debt Instrument [Line Items]
Cash bonus payments				$ 800,000
Warrant [Member] | Capital Units [Member]
Debt Instrument [Line Items]
Warrants, relative fair value				$ 700,000
Warrant [Member] | Class A Units [Member]
Debt Instrument [Line Items]
Warrants issued				1,774
Warrants, relative fair value				$ 5,000,000
Warrant [Member] | Common Units [Member]
Debt Instrument [Line Items]
Warrants issued				94
Maximum [Member]
Debt Instrument [Line Items]
Percentage of excess cash flow, applied to outstanding principal amount of senior credit facilities				60.00%
Subsequent Event [Member] | Revolving Credit Facility [Member] | IPO [Member]
Debt Instrument [Line Items]
Repayment of outstanding aggregate principal balance and accrued interest	$ 55,600,000
Subsequent Event [Member] | Term Loan B [Member]
Debt Instrument [Line Items]
Loss on debt extinguishment	5,100,000
Subsequent Event [Member] | Term Loan B [Member] | IPO [Member]
Debt Instrument [Line Items]
Repayment of term loan outstanding aggregate principal balance and accrued interest	46,100,000
Loss on debt extinguishment	$ 5,100,000
Subsequent Event [Member] | Certain Officers And Executives [Member] | Non Recourse Notes [Member]
Debt Instrument [Line Items]
Outstanding aggregate principal and accrued interest forgiven		$ 200,000

Commitments and Contingencies -

Commitments and Contingencies - Additional information (Detail) - Funko Acquisition Holdings, L.L.C. [Member]	9 Months Ended
	Sep. 30, 2017
Lessee, Lease, Description [Line Items]
Operating lease expiration	Dec. 31, 2027
Operating leases, renewal term	5 years

Segments - Additional Informati

Segments - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2017Segment
Funko Acquisition Holdings, L.L.C. [Member]
Segment Reporting Information [Line Items]
Number of reportable segments	1

Segments - Summary of Product C

Segments - Summary of Product Categories as Percent of Net Sales (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - Sales Revenue [Member] - Product Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Figures [Member]
Schedule of Property and Equipment Net by Country [Line Items]
Percent of net sales	80.40%	79.90%	82.40%	80.90%
Other [Member]
Schedule of Property and Equipment Net by Country [Line Items]
Percent of net sales	19.60%	20.10%	17.60%	19.10%

Segments - Summary of Net Sales

Segments - Summary of Net Sales and Long-Lived Assets (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Segment Reporting Information [Line Items]
Total net sales	$ 142,812	$ 118,044	$ 346,610	$ 294,305
Total long-lived assets	43,187		43,187		$ 28,564
United States [Member]
Segment Reporting Information [Line Items]
Total net sales	104,234	97,877	253,782	242,531
Total long-lived assets	25,589		25,589		14,773
Foreign [Member]
Segment Reporting Information [Line Items]
Total net sales	38,578	$ 20,167	92,828	$ 51,774
China and Viet Nam [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	16,888		16,888		$ 13,791
United Kingdom [Member]
Segment Reporting Information [Line Items]
Total long-lived assets	$ 710		$ 710

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Funko Acquisition Holdings, L.L.C. [Member] - USD ($)	Oct. 05, 2017	Jun. 26, 2017	Oct. 31, 2015	Oct. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Nov. 06, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Contributions from members							$ 5,000,000
Equity-based compensation expense							4,329,000	$ 1,750,000
Accrued expenses and other current liabilities					$ 32,871,000		$ 32,871,000			$ 13,746,000
Convertible Notes Payable [Member]
Related Party Transaction [Line Items]
Debt instrument interest rate			8.00%	8.00%
Class A Units [Member]
Related Party Transaction [Line Items]
Contributions from members, units		5,000					5,000
Contributions from members		$ 5,000,000					$ 5,000,000
Equity-based compensation expense		$ 2,200,000
Several Members of Management [Member] | Class A Units [Member]
Related Party Transaction [Line Items]
Aggregate purchase price				$ 900,000
ACON Equity Management, L.L.C. [Member]
Related Party Transaction [Line Items]
Monitoring fees as percentage of prior year adjusted EBITDA			2.00%
Advisory fees			$ 2,000,000
Management Services Agreement			On October 31, 2015, the Company entered into a management services agreement with ACON Equity Management, L.L.C. (“ACON Equity Management”), which requires payment of a monitoring fee equal to the greater of (1) $500,000 and (2) 2% prior year Adjusted EBITDA, up to a maximum fee of $2.0 million.
ACON Equity Management, L.L.C. [Member] | Selling, General, and Administrative Expenses [Member]
Related Party Transaction [Line Items]
Management fees					500,000	$ 400,000	1,500,000	$ 1,100,000
ACON Equity Management, L.L.C. [Member] | Management Fees [Member]
Related Party Transaction [Line Items]
Accrued expenses and other current liabilities					500,000		500,000			$ 400,000
ACON Equity Management, L.L.C. [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Monitoring fees			$ 500,000
ACON Equity Management, L.L.C. [Member] | Maximum [Member]
Related Party Transaction [Line Items]
Monitoring fees			$ 2,000,000
Sure Star Development Ltd [Member]
Related Party Transaction [Line Items]
Accounts payable					6,600,000		6,600,000
Sure Star Development Ltd [Member] | Selling, General, and Administrative Expenses [Member]
Related Party Transaction [Line Items]
Lease rental expense					100,000		100,000
Forbidden Planet [Member]
Related Party Transaction [Line Items]
Related party, net sales					1,500,000		2,700,000
Related party, accounts receivable					$ 500,000		$ 500,000
Subsequent Event [Member] | Certain Officers And Executives [Member] | Non Recourse Notes [Member]
Related Party Transaction [Line Items]
Outstanding aggregate principal and accrued interest forgiven	$ 200,000
Subsequent Event [Member] | ACON Equity Management, L.L.C. [Member]
Related Party Transaction [Line Items]
Termination fees waived									$ 5,800,000