Funko (FNKO) 10-K 3 Mar 22 2021 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 01, 2022	Jun. 30, 2021
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-38274
Entity Registrant Name	FUNKO, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	35-2593276
Entity Address, Address Line One	2802 Wetmore Avenue
Entity Address, City or Town	Everett,
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98201
City Area Code	425
Local Phone Number	783-3616
Title of 12(b) Security	Class A Common Stock, $0.0001 Par value
Trading Symbol	FNKO
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 588.7
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement relating to its 2022 Annual Meeting of Stockholders to be filed with the SEC within 120 days after the end of the fiscal year ended December 31, 2021 are incorporated herein by reference in Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0001704711
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		40,197,814
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,589,729

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	Seattle, Washington
Auditor Firm ID	42

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net sales	$ 1,029,293	$ 652,537	$ 795,122
Cost of sales (exclusive of depreciation and amortization shown separately below)	648,302	403,392	512,580
Selling, general, and administrative expenses	244,331	181,234	193,803
Depreciation and amortization	41,195	44,368	42,126
Total operating expenses	933,828	628,994	748,509
Income from operations	95,465	23,543	46,613
Interest expense, net	7,167	10,712	14,342
Loss on extinguishment of debt	675	0	0
Other expense (income), net	2,708	1,043	(25)
Income before income taxes	84,915	11,788	32,296
Income tax expense	17,061	2,025	4,476
Net income	67,854	9,763	27,820
Less: net income attributable to non-controlling interests	23,954	5,802	16,095
Net income attributable to Funko, Inc.	$ 43,900	$ 3,961	$ 11,725
Earnings per share of Class A common stock:
Basic (in dollars per share)	$ 1.14	$ 0.11	$ 0.38
Diluted (in dollars per share)	$ 1.08	$ 0.11	$ 0.36
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	38,392,390	35,270,795	30,897,569
Diluted (in shares)	40,610,618	35,770,013	32,925,773

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 67,854	$ 9,763	$ 27,820
Other comprehensive income:
Foreign currency translation (loss) gain, net of tax effect of $163, $(274) and $(282) for the years ended December 31, 2021, 2020 and 2019, respectively	(683)	1,415	1,458
Reclassification of foreign currency translation gain into net income	(96)	0	0
Comprehensive income	67,075	11,178	29,278
Less: Comprehensive income attributable to non-controlling interests	23,815	6,290	16,595
Comprehensive income attributable to Funko, Inc.	$ 43,260	$ 4,888	$ 12,683

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Foreign currency translation gain (loss), tax	$ 163	$ (274)	$ (282)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 83,557	$ 52,255
Accounts receivable, net	187,688	131,837
Inventory	166,428	59,773
Prepaid expenses and other current assets	14,925	15,486
Total current assets	452,598	259,351
Property and equipment, net	58,828	56,141
Operating lease right-of-use assets	53,466	58,079
Goodwill	126,651	125,061
Intangible assets, net	189,619	205,541
Deferred tax asset	74,412	54,682
Other assets	11,929	4,735
Total assets	967,503	763,590
Current liabilities:
Current portion long-term debt, net of unamortized discount	17,395	10,758
Current portion of operating lease liabilities	14,959	13,840
Accounts payable	57,238	29,199
Income taxes payable	15,994	425
Accrued royalties	58,158	40,525
Accrued expenses and other current liabilities	121,267	43,949
Total current liabilities	285,011	138,696
Long-term debt, net of unamortized discount	155,818	180,012
Operating lease liabilities, net of current portion	50,459	57,512
Deferred tax liability	648	780
Liabilities under tax receivable agreement, net of current portion	75,523	60,297
Other long-term liabilities	3,486	3,848
Commitments and contingencies (Note 14)
Stockholders' equity:
Additional paid-in-capital	252,505	216,141
Accumulated other comprehensive income	1,078	1,718
Retained earnings	68,050	24,403
Total stockholders' equity attributable to Funko, Inc.	321,638	242,267
Non-controlling interests	74,920	80,178
Total stockholders' equity	396,558	322,445
Total liabilities and stockholders' equity	967,503	763,590
Class A Common Stock
Stockholders' equity:
Common stock, value	4	4
Class B Common Stock
Stockholders' equity:
Common stock, value	$ 1	$ 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	40,088,000	35,657,000
Common stock, shares outstanding (in shares)	40,088,000	35,657,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	10,691,000	14,040,000
Common stock, shares outstanding (in shares)	10,691,000	14,040,000

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Additional Paid-In Capital	Other Comprehensive Income	Retained Earnings	Non- Controlling Interests	Class A Common StockCommon Stock	Class B Common StockCommon Stock
Beginning balance (in shares) at Dec. 31, 2018						24,960	23,584
Beginning balance at Dec. 31, 2018	$ 293,254	$ 146,154	$ (167)	$ 8,717	$ 138,546	$ 2	$ 2
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(23,924)				(23,924)
Equity-based compensation	13,044	13,044
Activity under equity-based compensation plans (in shares)						359
Activity under equity-based compensation plans	2,218	2,218
Shares issued for purchase consideration (in shares)						127
Shares issued for purchase consideration	2,221	2,221
Cumulative translation adjustment, net of tax	1,458		958		500
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	(10,947)	(10,947)
Redemption of common units of FAH, LLC, units (in shares)						9,472	(9,069)
Redemption of common units of FAH, LLC	0	51,484			(51,484)	$ 1	$ (1)
Net income	27,820			11,725	16,095
Ending balance (in shares) at Dec. 31, 2019						34,918	14,515
Ending balance at Dec. 31, 2019	305,144	204,174	791	20,442	79,733	$ 3	$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(3,576)				(3,576)
Equity-based compensation	10,116	10,116
Activity under equity-based compensation plans (in shares)						226
Activity under equity-based compensation plans	118	118
Cumulative translation adjustment, net of tax	1,415		927		488
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	(536)	(536)
Redemption of common units of FAH, LLC, units (in shares)						513	(475)
Redemption of common units of FAH, LLC	1	2,269			(2,269)	$ 1	$ 0
Net income	9,763			3,961	5,802
Ending balance (in shares) at Dec. 31, 2020						35,657	14,040
Ending balance at Dec. 31, 2020	322,445	216,141	1,718	24,403	80,178	$ 4	$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Distribution to continuing equity owners	(9,277)				(9,277)
Equity-based compensation	12,994	12,994
Activity under equity-based compensation plans (in shares)						554
Activity under equity-based compensation plans	5,956	5,956
Cumulative translation adjustment, net of tax	(683)		(544)		(139)
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	(3,532)	(3,532)
Redemption of common units of FAH, LLC, units (in shares)						3,877	(3,349)
Redemption of common units of FAH, LLC	0	20,746			(20,746)	$ 0	$ 0
Net income	67,854			43,900	23,954
Other	801	200	(96)	(253)	950
Ending balance (in shares) at Dec. 31, 2021						40,088	10,691
Ending balance at Dec. 31, 2021	$ 396,558	$ 252,505	$ 1,078	$ 68,050	$ 74,920	$ 4	$ 1

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income	$ 67,854	$ 9,763	$ 27,820
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other	40,056	46,742	44,518
Equity-based compensation	12,994	10,116	13,044
Amortization of debt issuance costs and debt discounts	1,118	1,352	1,210
Loss on debt extinguishment	675	0	0
Deferred tax expense (benefit)	(361)	3,323	(2,293)
Other	1,403	1,952	635
Changes in operating assets and liabilities:
Accounts receivable, net	(56,648)	20,077	(3,969)
Inventory	(107,166)	2,845	25,372
Prepaid expenses and other assets	3,700	12,273	(5,824)
Accounts payable	26,933	(13,303)	4,629
Income taxes payable	15,585	(209)	(3,618)
Accrued royalties	17,633	5,906	(4,403)
Accrued expenses and other liabilities	63,586	7,902	(6,356)
Net cash provided by operating activities	87,362	108,739	90,765
Investing Activities
Purchase of property and equipment	(27,759)	(18,482)	(42,264)
Acquisitions, net of cash	199	0	(6,369)
Other	179	0	0
Net cash used in investing activities	(27,381)	(18,482)	(48,633)
Financing Activities
Borrowings on line of credit	0	28,267	42,083
Payments on line of credit	0	(55,103)	(36,383)
Debt issuance costs	(1,055)	(569)	(411)
Proceeds from long-term debt, net	180,000	0	0
Payment of long-term debt	(198,375)	(26,438)	(11,750)
Contingent consideration	(2,000)	(1,500)	0
Distributions to continuing equity owners	(9,277)	(3,575)	(23,923)
Payments under tax receivable agreement	(1,715)	(4,639)	(173)
Proceeds from exercise of equity-based options	3,794	219	2,217
Net cash used in financing activities	(28,628)	(63,338)	(28,340)
Effect of exchange rates on cash and cash equivalents	(51)	107	(2,049)
Net increase in cash and cash equivalents	31,302	27,026	11,743
Cash and cash equivalents at beginning of period	52,255	25,229	13,486
Cash and cash equivalents at end of period	83,557	52,255	25,229
Supplemental Cash Flow Information
Cash paid for interest	5,679	9,089	12,313
Income tax payments	1,462	4,167	14,125
Accrual for purchases of property and equipment	0	0	5,362
Establishment of liabilities under tax receivable agreement	20,691	1,000	59,045
Issuance of equity instruments for acquisitions	0	0	2,221
Tenant allowance	$ 0	$ 269	$ 3,201

Basis of Presentation and Descr

Basis of Presentation and Description of Business	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Description of Business	Basis of Presentation and Description of Business The consolidated financial statements include Funko, Inc. and its subsidiaries (together with its subsidiaries, the “Company”) and have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). All intercompany balances and transactions have been eliminated. 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. FAH, LLC owns 100% of Funko Holdings LLC ("FHL") and FHL owns 100% of Funko, LLC, a limited liability company formed in the state of Washington, which is its operating entity. The Company is headquartered in Everett, Washington and is a leading pop culture consumer products company. The Company designs, sources, and distributes licensed pop culture products. The IPO and related reorganization transactions (the “Transactions”) resulted in the Company being the sole managing member of FAH, LLC. As the sole managing member of FAH, LLC, Funko, Inc. operates and controls all of FAH, LLC’s operations and, through FAH, LLC and its subsidiaries, conducts FAH, LLC’s business. Accordingly, the Company consolidates the financial results of FAH, LLC and reports a non-controlling interest in its consolidated financial statements representing the FAH, LLC interests held by ACON Funko Investors, L.L.C., a Delaware limited liability company (“ACON Funko Investors”) and certain of its affiliates, Fundamental Capital, LLC and Funko International, LLC (collectively, “Fundamental”), and certain current and former executive officers, employees and directors, in each case, who held profits interests in FAH, LLC and who received common units of FAH, LLC in exchange for their profits interests in connection with the Transactions (as defined herein) (collectively, the “Original Equity Owners”) and the former holders of warrants to purchase ownership interests in FAH, LLC, which were converted into common units of FAH, LLC in connection with the Transactions, and, in each case, each of their permitted transferees that own common units in FAH, LLC and who may redeem at each of their options (subject in certain circumstances to time-based vesting requirements) their common units for, at the Company’s election, cash or newly-issued shares of the Company’s Class A common stock (collectively, the “Continuing Equity Owners”). As the Transactions are considered transactions between entities under common control, the financial statements reflect the combined entities for all periods presented.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Certain of the significant accounting policies are discussed within the note to which they specifically relate. Certain prior-year amounts have been reclassified to conform to the current year presentation. Use of Estimates The preparation of the Company’s 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. Cash Equivalents Cash equivalents include amounts due from third-party financial institutions for credit and debit card transactions. These transactions typically settle in less than 5 days and were $1.5 million and $0.9 million at December 31, 2021 and 2020, respectively. Concentrations of Business and Credit Risk The Company grants credit to its customers on an unsecured basis. The Company monitors the financial health of its customers and will take actions to mitigate a customer's credit risk if a negative financial forecast is expected. As of December 31, 2021 and 2020, the balance of accounts receivable consisted of 18% and 11%, respectively, of amounts owed from the largest customer for the given period. The collection of these receivables has been within the terms of the associated customer agreement. For the years ended December 31, 2021, 2020 and 2019 there was no individual customer that generated net sales over 10%. For the year ended December 31, 2021, 26% of sales were related to the Company’s two largest license agreements (13% each) with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2020, 12% and 11% of sales were related to the Company’s two largest license agreements with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2019, 13%, 11% and 11% of sales were related to the Company’s three largest license agreements with no other license agreements accounting for more than 10% of sales. The Company maintains its cash within bank deposit accounts at high quality, accredited financial institutions. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to significant credit risk on cash. Inventory Inventory consists primarily of figures, plush, apparel, homewares, accessories, games and other finished goods, and is accounted for using the first-in, first-out (“FIFO”) method. Inventory costs include direct product costs and freight costs. The Company maintains reserves for excess and obsolete inventories to reflect the inventory balance at the lower of cost or net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to customers, or liquidation, and expected recoverable value of each disposition category. The Company estimates obsolescence based on assumptions regarding future demand. Reserves for excess and obsolete inventories were $4.7 million and $8.6 million as of December 31, 2021 and 2020, respectively. During the year ended December 31, 2019, the Company recorded a $16.8 million charge related to the write-down of inventory as a result of the Company's decision to dispose of slower moving inventory to increase operational capacity. This charge was incremental to normal course reserves. Property and Equipment Property and equipment is stated at historical cost, net of accumulated depreciation, and, if applicable, impairment charges. Depreciation of property and equipment is recorded using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease The Company monitors our long-lived assets for impairment indicators on an ongoing basis in accordance with U.S. GAAP. If impairment indicators exist, the Company will perform the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived assets. Fair value is estimated based upon a combination of market and cost approaches, as appropriate. Changes in economic or operating conditions impacting these estimates and assumptions could result in the impairment of the Company's long-lived assets. Revenue Recognition and Sales Allowance Revenue from the sale of Company products is recognized when control of the goods is transferred to the customer, which is upon shipment or upon receipt of finished goods by the customer, depending on the contract terms. The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. These sales adjustments require management to make estimates. In making these estimates, management considers all available information including the overall business environment, historical trends and information from customers, such as agreed upon customer contract terms as well as historical experience from the customer. The costs of these programs reduce gross sales in the period the related sale is recognized. The Company adjusts its estimates at least quarterly or when facts and circumstances used in the estimate process change; historically these adjustments have not been material. We have made an accounting policy election to exclude from revenue all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer (for example, sales, use, value-added, and certain excise taxes). We have elected to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. Accordingly, shipping and handling activities that are performed by the Company, whether before or after a customer has obtained control of the products, are considered fulfillment costs to satisfy our performance obligation to transfer the products, and are recorded as incurred within cost of sales. We have elected the practical expedient to not recognize a significant financing component for contracts that include payments terms of one year or less. We have also elected the practical expedient permitting expensing of costs to obtain a contract when the expected amortization period is one year or less. Shipping Revenue and Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales. Shipping fees billed to customers are included in net sales. Royalties We enter into agreements for rights to licensed trademarks, copyrights and likenesses for use in our products. These licensing agreements require the payment of royalty fees to the licensor based on a percentage of revenue. Many licensing agreements also require minimum royalty commitments. When royalty fees are paid in advance, we record these payments as a prepaid asset. If we determine that it is probable that the expected revenue will not be realized, a reserve is recorded against the prepaid asset for the non-recoverable portion. As of December 31, 2021 , we recorded a prepaid asset of $4.7 million, net of a reserve of $0.7 million. As of December 31, 2020, we recorded a prepaid asset of $6.3 million, net of a reserve of $1.0 million. We record a royalty liability as revenues are earned based on the terms of the licensing agreement. In situations where a minimum commitment is not expected to be met based on expected revenues, we will accrue up to the minimum amount when it is reasonably certain that revenues generated will not meet the minimum commitment. Royalty and license expense is recorded within cost of sales on the consolidated statements of income. Royalty expenses for the years ended December 31, 2021 , 2020 and 2019, were $162.0 million, $105.0 million and $126.8 million, respectively. Advertising and Marketing Costs Advertising and marketing costs are expensed when the advertising or marketing event takes place. These costs include the fees to participate in trade shows and Comic-Cons, as well as costs to develop promotional video and other online content created for advertising purposes. These costs are included in selling, general and administrative expenses and for the years ended December 31, 2021 , 2020 and 2019 were $17.1 million, $7.7 million, and $11.3 million, respectively. The Company enters into cooperative advertising arrangements with customers. The fees related to these arrangements are recorded as a reduction of net sales in the accompanying consolidated statements of income because the Company has determined it does not receive an identifiable benefit and cannot reasonably estimate the fair value of these arrangements. Product Design and Development Costs Product design and development costs are recognized in selling, general and administrative expenses in the consolidated statements of income as incurred. Product design and development costs for the years ended December 31, 2021, 2020 and 2019, were $6.8 million, $5.1 million, and $5.2 million, respectively. Foreign Currency We have international sales and operating expenses that are denominated in local functional currencies. The functional currency of our international subsidiaries is the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in other comprehensive income on the consolidated statements of comprehensive income. Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of Funko, Inc. are included in other expense (income), net on our consolidated statements of income. In connection with the settlement and remeasurement of intercompany balances, we recorded a nominal loss, loss of $0.4 million and gain of $0.7 million for the years ended December 31, 2021, 2020 and 2019, respectively. The income tax effects related to the unrealized foreign currency component of other comprehensive income are reclassified to earnings only when the net investment is sold, or when a liquidation of the respective net investment in the foreign entity is substantially completed. Recently Adopted Accounting Standards There were no recently adopted accounting standards during the year ended December 31, 2021 that had a material effect of the financial statements.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions On March 26, 2021, the Company acquired a majority of the membership interests of TokenWave LLC, the developer of TokenHead, a mobile app and website for showcasing and tracking Non-Fungible Token (“NFT”) holdings. This transaction represented an opportunity to expand the Company’s product offerings into digital NFTs. The Company accounted for the acquisition as a business combination. The purchase consideration, fair value of the assets acquired and liabilities assumed, and acquisition related transaction costs were not material. The activity of TokenWave LLC included in the Company’s consolidated statements of income from the acquisition date to December 31, 2021 was not material. On February 11, 2019, the Company acquired 100% of the membership interests of Forrest-Pruzan Creative LLC (the “Forrest-Pruzan Acquisition”), a board game development studio in Seattle, WA, which now operates as Funko Games, LLC. The total purchase consideration of $11.9 million was allocated on a fair value basis between net assets acquired and liabilities assumed of $11.6 million and noncompetition agreements entered into contemporaneously with the acquisition of $0.3 million. The finalization of the purchase price allocation resulted in no change from the preliminary estimate. The activity of Funko Games, LLC included in the Company’s consolidated statements of income from the acquisition date to December 31, 2019 was not material. The purchase consideration allocated to the Forrest-Pruzan Acquisition was as follows: Purchase Consideration at Fair Value (in thousands) Cash paid $ 6,500 Fair value of class A common stock issued 2,221 Cash holdback 1,400 Fair value of cash consideration due February 11, 2021 1,815 Total transaction price $ 11,936 Less: Noncompetition agreements (290) Consideration transferred $ 11,646

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of the purchase price over the net amount of identifiable assets acquired and liabilities assumed in a business combination measured at fair value. The Company evaluates goodwill for impairment annually on October 1 of each year and upon the occurrence of triggering events or substantive changes in circumstances that could indicate a potential impairment by assessing qualitative factors or performing a quantitative analysis in determining whether it is more likely than not that the fair value of the net assets is below their carrying amounts. The Company has determined that it has one reporting unit for which discrete financial information is available and results are regularly reviewed by management. The Company’s long-lived asset groups, which includes intangible assets, property and equipment and operating lease right-of-use assets net of operating lease liabilities, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset (or asset group), a significant change in the extent or manner in which an asset (or asset group) is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable. No impairment charges relating to goodwill were recorded in the years ended December 31, 2021, 2020 and 2019. The following table presents the balances of goodwill as of 2021 and 2020 (in thousands): Goodwill Balance as of January 1, 2020 $ 124,835 Foreign currency remeasurement 226 Balance as of December 31, 2020 $ 125,061 Acquisition 1,662 Foreign currency remeasurement (72) Balance as of December 31, 2021 $ 126,651 Intangible assets acquired in a business combination are recognized separately from goodwill and are initially recognized at their fair value at the acquisition date. Intangible assets acquired include intellectual property (product design), customer, licensor and supplier relationships, trade names, and noncompetition agreements. These are definite-lived assets and are amortized on a straight-line basis over their useful lives. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets might not be recoverable. Conditions that would necessitate an impairment assessment include a significant decline in the observable market value of an asset, a significant change in the extent or manner in which an asset is used, or any other significant adverse change that would indicate that the carrying amount of an asset or group of assets may not be recoverable. As of December 31, 2021, there were also $0.1 million in indefinite-lived assets not subject to amortization but tested for impairment. No impairment charges relating to intangible assets were recorded in the years ended December 31, 2021, 2020 and 2019. The following table provides the details of identified intangible assets, by major class, for the periods indicated (in thousands): December 31, 2021 December 31, 2020 Estimated Useful Life (Years) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangible assets subject Intellectual property 3 - 20 $ 115,331 $ (36,060) $ 79,271 $ 115,131 $ (30,008) $ 85,123 Trade names 10 - 20 83,358 (25,985) 57,373 83,359 (21,717) 61,642 Customer relationships 3 - 20 71,699 (24,912) 46,787 71,736 (20,301) 51,435 Licensor relationships 10 - 20 11,276 (5,186) 6,090 11,301 (4,068) 7,233 Supplier relationships 2 322 (322) — 325 (325) — Noncompetition agreements 3 290 (278) 12 290 (182) 108 Total $ 282,276 $ (92,743) $ 189,533 $ 282,142 $ (76,601) $ 205,541 Amortization expense for the years ended December 31, 2021, 2020 and 2019 was $16.2 million, $16.0 million, and $15.9 million, respectively. The future five-year amortization of intangibles subject to amortization at December 31, 2021 was as follows (in thousands): Amortization 2022 $ 15,107 2023 14,893 2024 14,873 2025 14,873 2026 14,815 Thereafter 114,972 Total $ 189,533

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net, primarily represent customer receivables, recorded at invoiced amount, net of a sales allowance and an allowance for doubtful accounts. An allowance for doubtful accounts is determined based on various factors, including specific identification of balances at risk for not being collected, historical experience, existing economic conditions and supportable forecasted changes. The Company evaluates its general portion of the allowance for doubtful accounts based on historical loss information and applies reserve percentages based on aging schedule. Days past due is calculated from contractual due date of the trade receivable contract. The composition of the trade receivables is consistent with that used in developing the historical credit-loss percentages and evaluated to reflect current conditions and supportable forecasted changes. The trade receivables are generally due in 30 to 90 days. In addition to the general portion of the allowance for doubtful accounts, certain doubtful accounts are evaluated for a specific reserve. These accounts generally include significantly past due or other factors known where a substantial portion or all of the balance is uncollectible. Receivables are written-off when all reasonable collection efforts have been exhausted and it is probable the balance will not be collected. Accounts receivable, net consisted of the following (in thousands): December 31, 2021 2020 Accounts receivable $ 190,844 $ 135,417 Less: Allowance for doubtful accounts (3,156) (3,580) Accounts receivable, net $ 187,688 $ 131,837 Accounts receivable includes a $0.8 million tenant improvement receivable from a lessor as of both December 31, 2021 and 2020. In addition, accounts receivable as of December 31, 2021 includes an income tax receivable of $0.3 million. The remaining balance is customer receivables. Bad debt expense was $0.9 million, $2.4 million and $1.1 million for the years ended December 31, 2021, 2020 and 2019, respectively. Activity in our allowance for doubtful accounts was as follows (in thousands): December 31, 2021 2020 Allowance for doubtful accounts - beginning $ 3,580 $ 2,354 Charged to costs 895 2,396 Write offs (1,319) (1,170) Allowance for doubtful accounts - ending $ 3,156 $ 3,580

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid Expenses and Other Current Assets	Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): December 31, 2021 2020 Prepaid deposits for inventory and molds $ 1,111 $ 1,373 Prepaid royalties, net 4,746 6,260 Other prepaid expenses and current assets 9,068 7,853 Prepaid expenses and other current assets $ 14,925 $ 15,486

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): December 31, 2021 2020 Tooling and molds $ 119,915 $ 102,865 Leasehold improvements 44,112 42,573 Computer equipment, software and other 13,007 11,310 Furniture, fixtures and warehouse equipment 12,177 11,762 Construction in progress 7,194 318 $ 196,405 $ 168,828 Less: Accumulated depreciation (137,577) (112,687) Property and equipment, net $ 58,828 $ 56,141 Depreciation expense for the years ended December 31, 2021, 2020 and 2019 was $25.0 million, $28.3 million, and $26.2 million, respectively.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	12 Months Ended
	Dec. 31, 2021
Accrued Liabilities And Other Current Liabilities [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following (in thousands): December 31, 2021 2020 Accrued payroll and compensation $ 23,439 $ 13,338 Accrued shipping & freight costs 42,649 4,733 Accrued sales taxes 1,978 757 Current liabilities under tax receivable agreement 7,362 2,020 Other current liabilities 45,839 23,101 Accrued liabilities and other current liabilities $ 121,267 $ 43,949

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	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. These tiers include Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs that reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Cash equivalents. As of December 31, 2021 and 2020, cash equivalents included $56.9 million and $34.5 million, respectively, of highly liquid money market funds, which are classified as Level 1 within the fair value hierarchy. Debt. The estimated fair values of the Company’s debt instruments, which are classified as Level 3 financial instruments, at December 31, 2021 and 2020, was approximately $175.5 million and $193.9 million, respectively. The carrying values of the Company’s debt instruments at December 31, 2021 and 2020, were $173.2 million and $190.8 million, respectively. The estimated fair value of the Company’s debt instruments primarily reflects assumptions regarding credit spreads for similar floating-rate instruments with similar terms and maturities and our standalone credit risk.

Debt

Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following (in thousands): December 31, 2021 2020 Term Loan Facility 175,500 193,875 Debt issuance costs (2,287) (3,105) Total term debt 173,213 190,770 Less: current portion 17,395 10,758 Long-term debt, net $ 155,818 $ 180,012 Maturities of long-term debt for each of the next five years and thereafter are as follows (in thousands): Term Loan Facility 2022 $ 18,000 2023 18,000 2024 18,000 2025 18,000 2026 103,500 Total $ 175,500 Former Credit Facilities On October 22, 2018, the Company entered into a credit agreement (as amended, the “Former Credit Agreement”) providing for a term loan facility in the amount of $235.0 million (the “Former Term Loan Facility”) and a revolving credit facility of $50.0 million (the “Former Revolving Credit Facility”) (together the “Former Credit Facilities”). On February 11, 2019, the Company amended the Former Credit Agreement to increase the Former Revolving Credit Facility to $75.0 million. On September 23, 2019, the Company entered into a second amendment to the Former Credit Agreement, which extended the maturity date of the Former Term Loan Facility and the Former Revolving Credit Facility under the Former Credit Facilities to September 23, 2024 (the “Former Facility Maturity Date”), reduced the interest margin applicable to all loans under the Former Credit Agreement by 0.75% and reduced certain fees incurred under the Former Credit Agreement. The second amendment also allowed the Company to request an additional $25.0 million increase to the Former Term Loan Facility. On May 5, 2020 the Company entered into a third amendment to the Former Credit Agreement, which modified the financial covenants and adjusted the required leverage levels for the Leverage Ratio (as defined in the Former Credit Agreement) to provide the Company with additional flexibility. The Former Term Loan Facility amortized in quarterly installments in aggregate amounts equal to 5.00% of the original principal amount of the Former Term Loan Facility in the first and second years of the Former Term Loan Facility, 10.00% of the original principal amount of the Former Term Loan Facility in the third and fourth years of the Former Term Loan Facility and 12.50% of the original principal amount of the Former Term Loan Facility in the fifth year of the Former Term Loan Facility, with any outstanding balance due and payable on the Maturity Date. The first amortization payment was on December 31, 2018. The Former Revolving Credit Facility would have terminated on the Former Facility Maturity Date and loans thereunder were eligible to be borrowed, repaid, and reborrowed up to such date. As amended, loans under the Credit Facilities bore interest, at the Company’s option, at either the Euro-Rate (as defined in the Credit Agreement), or in the case of swing loans, the Swing Rate (as defined in the Credit Agreement), plus 3.00% or the Base Rate (as defined in the Credit Agreement) plus 2.00%, with 0.25% step-downs based on the achievement of certain leverage ratios. The Euro-Rate was subject to a 1.00% floor and for loans based on the Euro-Rate, interest payments were due at the end of each applicable interest period. The Former Credit Facilities were secured by substantially all of the assets of the Company and its material domestic subsidiaries, subject to customary exceptions. As of December 31, 2020, the Company was in compliance with all of the covenants in its Former Credit Agreement. In September 2021, all of the outstanding aggregate principal balance and accrued interest of $180.1 million on the Company’s Former Term Loan Facility was repaid, and the Company recorded a $0.7 million loss on debt extinguishment as a result of the write-off of unamortized deferred financing fees. New Credit Facilities On September 17, 2021, the Company, entered into a new credit agreement (the “New Credit Agreement”) providing for a term loan facility in the amount of $180.0 million (the “New Term Loan Facility”) and a revolving credit facility of $100.0 million (the “New Revolving Credit Facility”) (together the “New Credit Facilities”). Proceeds from the New Credit Facilities were primarily used to repay the Former Credit Facilities. The New Term Loan Facility matures on September 17, 2026 (the “Maturity Date”) and amortizes in quarterly installments in aggregate amounts equal to 2.50% of the original principal amount of the New Term Loan Facility, with any outstanding balance due and payable on the Maturity Date. The first amortization payment commences with the quarter ending on December 31, 2021. The New Revolving Credit Facility also terminates on the Maturity Date and loans thereunder may be borrowed, repaid, and reborrowed up to such date. Loans under the New Credit Facilities will, at the Borrowers’ option, bear interest at either (i) LIBOR, EURIBOR, HIBOR, CDOR, Daily Simple SONIA and/or the Central Bank Rate, as applicable, plus 2.50% or (ii) ABR or the Canadian prime rate, as applicable, plus 1.50%, in each case of clauses (i) and (ii), subject to two 0.25% step-downs based on the achievement of certain leverage ratios following the Closing Date. Each of LIBOR, EURIBOR, HIBOR, CDOR and Daily Simple SONIA rates are subject to a 0% floor. For loans based on ABR, the Central Bank Rate or the Canadian prime rate, interest payments are due quarterly. For loans based on Daily Simple SONIA, interest payments are due monthly. For loans based on LIBOR, EURIBOR, HIBOR or CDOR, interest payments are due at the end of each applicable interest period. The New Credit Facilities are secured by substantially all of the assets of the Company and any of its existing or future material domestic subsidiaries, subject to customary exceptions. As of December 31, 2021, the Company was in compliance with all of the covenants in its New Credit Agreement. At December 31, 2021 and 2020, the Company had $175.5 million and $193.9 million of borrowings outstanding under the New Term Loan Facility and Former Term Loan Facility, respectively, and no outstanding borrowings under the New Revolving Credit Facility and Former Revolving Credit Facility, respectively. At December 31, 2021 and 2020, the Company had $100.0 million and $75.0 million available under the New Revolving Credit Facility and Former Revolving Credit Facility, respectively. There were no outstanding letters of credit as of December 31, 2021 and 2020.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases The Company has entered into non-cancellable operating leases for office, warehouse, and distribution facilities, with original lease periods expiring through 2032. Leases with an initial term of 12 months or less are not recorded on the consolidated balance sheets; the Company recognizes lease expense for these leases on a straight-line basis over the lease term. The Company combines lease and non-lease components for new and reassessed leases. Some operating leases also contain the option to renew for five years periods at prevailing market rates at the time of renewal. In addition to minimum rent, certain of the leases require payment of real estate taxes, insurance, common area maintenance charges, and other executory costs. For certain leases the Company receives lease incentives, such as tenant improvement allowances, and records those as adjustments to operating lease right-of-use assets and operating leases liabilities on the consolidated balance sheets and amortize the lease incentives on a straight-line basis over the lease term as an adjustment to rent expense. Rent expense, included in selling, general and administrative expenses on the consolidated statements of income, was $16.5 million, $15.3 million and $14.9 million for the years ended December 31, 2021, 2020 and 2019, respectively. During the years ended December 31, 2021 and 2020, operating cash outflows relating to operating lease liabilities was $14.4 million and $11.6 million, respectively and operating lease right-of-use assets obtained in exchange for new operating lease obligations was $4.0 million, with no lease incentives obtained and $5.8 million, net of lease incentives obtained of $0.3 million, respectively. As of December 31, 2021 and 2020, the Company’s operating leases had a weighted-average remaining term of 7.0 years and 7.3 years, respectively and weighted-average discount rate of 6.22% and 6.28%, respectively. Excluded from the measurement of operating lease liabilities and operating lease right-of-use assets were certain warehouse and distribution contracts that either qualify for the short-term lease recognition exception and/or do not give the Company the right to control the warehouse and/or distribution facilities underlying the contract. During the year ended December 31, 2020, the Company recognized an impairment loss of $1.4 million related to the right of use lease asset in Bath, England. The related lease liability was remeasured and reduced by $0.9 million. The lease agreement was terminated in December 2021. In January 2020, the Company has also entered into a non-cancellable operating sub-lease for office space expiring in 2024. Rental income recognized for the years ended December 31, 2021 and 2020 was $0.3 million and $0.3 million, respectively, included as a reduction of selling, general and administrative expenses on the consolidated statements of income. The future payments on the Company’s operating lease liabilities as of December 31, 2021 were as follows (in thousands): 2022 $ 15,445 2023 12,582 2024 12,013 2025 10,504 2026 9,303 Thereafter 20,489 Total lease payments 80,336 Less: imputed interest (14,918) Total $ 65,418

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income before income taxes consisted of (in thousands): Year Ended December 31, 2021 2020 2019 Domestic $ 72,758 $ 4,149 $ 21,414 Foreign 12,157 7,639 10,882 Income before income taxes $ 84,915 $ 11,788 $ 32,296 Income Tax Expense Funko, Inc. is taxed as a corporation and pays corporate federal, state and local taxes on income allocated to it from FAH, LLC based upon Funko, Inc.’s economic interest held in FAH, LLC. FAH, LLC is treated as a pass-through partnership for income tax reporting purposes. FAH, LLC’s members, including the Company, are liable for federal, state and local income taxes based on their share of FAH, LLC’s pass-through taxable income. The components of the Company’s income tax expense consisted of the following (in thousands): Year Ended December 31, 2021 2020 2019 Current income taxes: Federal $ 12,894 $ (3,030) $ 4,216 State and local 1,825 59 601 Foreign 2,703 1,673 1,952 Current income taxes $ 17,422 $ (1,298) $ 6,769 Deferred income taxes: Federal $ (185) $ 2,585 $ (2,333) State and local (18) 206 (185) Foreign (158) 532 225 Deferred income taxes (361) 3,323 (2,293) Income tax expense $ 17,061 $ 2,025 $ 4,476 A reconciliation of income tax expense from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows: Year Ended December 31, 2021 2020 2019 Expected U.S. federal income taxes at statutory rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal benefit 1.7 2.5 1.0 Foreign taxes 2.5 18.7 5.9 Foreign tax credit — (9.3) — Non-deductible expenses (1.1) 1.6 (0.8) Change in valuation allowance 2.3 5.4 4.9 Non-controlling interest (6.0) (12.7) (10.8) Share-based Compensation 0.1 5.1 (2.6) Return to Provision 1.5 (15.1) (3.0) Other, net (1.9) — (1.7) Income tax expense 20.1 % 17.2 % 13.9 % The Company’s annual effective tax rate in 2021, 2020 and 2019 was less than the statutory rate of 21%, primarily because the Company is not liable for income taxes on the portion of FAH, LLC’s earnings that are attributable to non-controlling interests. Deferred Income Taxes The significant items comprising deferred tax assets and liabilities is as follows (in thousands): December 31, 2021 2020 Deferred tax assets: Investment in partnership $ 64,335 $ 46,582 Tax Receivable Agreement liability 19,105 14,087 Stock-based compensation 6,197 4,195 Foreign Tax Credit — 1,090 Other carryforwards — 898 Net operating loss carryforward — 756 Gross deferred tax assets 89,637 67,608 Valuation allowance (14,829) (12,367) Deferred tax assets, net of valuation allowance 74,808 55,241 Deferred tax liabilities: Property and equipment (701) (833) Other (343) (506) Gross deferred tax liabilities (1,044) (1,339) Net deferred tax assets $ 73,764 $ 53,902 The Company evaluates its ability to realize deferred tax assets on a quarterly basis and establishes a valuation allowance when it is more likely than not that all or a portion of a deferred tax asset may not be realized. As of December 31, 2021 and 2020, the Company recognized a deferred tax asset of $64.3 million and $46.6 million, respectively, associated with the basis difference in its investment in FAH, LLC upon acquiring these LLC interests. However, a portion of the total basis difference will only reverse upon the eventual sale of its interest in FAH, LLC, which we expect would result in a capital loss. As of December 31, 2021 and 2020, the Company has a valuation allowance in the amount of $14.8 million and $12.4 million, respectively, against the deferred tax asset. Uncertain Tax Positions The Company regularly evaluates the likelihood of realizing the benefit from income tax positions that we have taken in various federal, state and foreign filings by considering all relevant facts, circumstances and information available. If the Company determines it is more likely than not that the position will be sustained, a benefit will be recognized at the largest amount that we believe is cumulatively greater than 50% likely to be realized. The following table summarizes changes in the amount of the Company’s unrecognized tax benefits for uncertain tax positions for the three years ended December 31, 2021, 2020 and 2019 (in thousands): Year Ended December 31, 2021 2020 2019 Unrecognized tax benefits at January 1 $ 490 $ 490 $ 490 Decreases for positions taken in current year (490) — — Unrecognized tax benefits at December 31 $ — $ 490 $ 490 Of the $0.5 million of unrecognized tax benefits as of December 31, 2020 and 2019, $0.2 million would impact the effective tax rate if recognized. Interest and penalties related to income tax matters are classified as a component of income tax expense. As of December 31, 2021, and 2020, we have not recorded any interest or penalties as the amounts were not material. Unrecognized tax benefits are recorded in other long-term liabilities on the consolidated balance sheets. Other Matters The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is subject to U.S. federal, state, and local income tax examinations by tax authorities for years after 2018 and subject to examination for all foreign income tax returns for fiscal 2021 and 2020. There were no open tax examinations at December 31, 2021 and 2020. Tax Receivable Agreement The Company is party to 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 under certain circumstances. See Note 13, Liabilities under Tax Receivable Agreement.

Liabilities under Tax Receivabl

Liabilities under Tax Receivable Agreement	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Liabilities under Tax Receivable Agreement	Liabilities under 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, is 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. The Company is not obligated to make any payments under the Tax Receivable Agreement until the tax benefits associated with the transaction that gave rise to the payment are realized. Amounts payable under the Tax Receivable Agreement are contingent upon, among other things, (i) the generation of future taxable income over the term of the Tax Receivable Agreement and (ii) future changes in tax laws. If the Company does not generate sufficient taxable income in the aggregate over the term of the Tax Receivable Agreement to utilize the tax benefits, then it would not be required to make the related Tax Receivable Agreement payments. During years ended December 31, 2021 and 2020, the Company acquired an aggregate of 3.9 million and 0.5 million common units of FAH, LLC, respectively, in connection with the redemption of common units, which resulted in an increase in the tax basis of our investment in FAH, LLC subject to the provisions of the Tax Receivable Agreement. As a result of these exchanges, during the years ended December 31, 2021 and 2020, the Company recognized an increase to its net deferred tax assets in the amount of $17.2 million and $0.5 million, respectively, and corresponding Tax Receivable Agreement liabilities, representing 85% of the aggregate tax benefits we expect to realize from the tax basis increases related to the redemption of FAH, LLC common units, after concluding it was probable that such Tax Receivable Agreement payments would be paid in the future based on our estimate of future taxable income. There were no transactions subject to the Tax Receivable Agreement for which the Company did not recognize the related liability during the years ended December 31, 2021, 2020 and 2019, as we concluded that it was probable that the Company would have sufficient future taxable income to utilize all of the related tax benefits. The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three years ended December 31, 2021, 2020 and 2019 (in thousands): Year Ended December 31, 2021 2020 2019 Beginning Balance $ 62,318 $ 65,816 $ 6,771 Additional liabilities for exchanges 20,691 1,000 59,045 Adjustment to remeasurement of liabilities 1,590 87 152 Payments under tax receivable agreement (1,715) (4,585) (152) Ending balance $ 82,884 $ 62,318 $ 65,816 The future payments on the Company’s tax receivable agreement liabilities as of December 31, 2021 are expected to be (in thousands): 2022 $ 7,362 2023 4,835 2024 4,902 2025 5,003 2026 5,119 Thereafter 55,663 Total $ 82,884

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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. The Company is expected to incur $11.2 million in minimum guaranteed royalty payments under licensing arrangements, including, $5.3 million in 2022, $4.3 million in 2023 and $1.7 million in 2024. Employment Agreements The Company has employment agreements with certain officers. The agreements include, among other things, an annual bonus based on certain performance metrics of the Company, as defined by the board, and up to one year’s severance pay beyond termination date. Debt The Company has entered into a credit agreement which includes a term loan facility and a revolving credit facility. See Note 10, Debt. Leases The Company has entered into non-cancellable operating leases for office, warehouse, and distribution facilities, with original lease periods expiring through 2032. Some operating leases also contain the option to renew for five-year periods at prevailing market rates at the time of renewal. In addition to minimum rent, certain of the leases require payment of real estate taxes, insurance, common area maintenance charges, and other executory costs. See Note 11, Leases. Liabilities under Tax Receivable Agreement The Company is party to 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 under certain circumstances. See Note 13, Liabilities under Tax Receivable Agreement. 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 consolidated financial position, results of operations or cash flows. The Company is, and may in the future become, subject to various legal proceedings and claims that arise in or outside the ordinary course of business. For example, on March 10, 2020, a purported stockholder of the Company filed a putative class action lawsuit in the United States District Court for the Central District of California against the Company and certain of its officers, entitled Ferreira v. Funko, Inc. et al. The original complaint alleged that the Company violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as well as Rule 10b-5 promulgated thereunder, by making allegedly materially misleading statements in its earnings announcement and Quarterly Report on Form 10-Q for the quarter ended September 30, 2019, as well as by omitting material facts necessary to make the statements made therein not misleading. The lawsuit sought, among other things, compensatory damages and attorneys’ fees and costs. Two additional complaints making substantially similar allegations were filed April 3, 2020 in the United States District Court for the Central District of California and April 9, 2020 in the United States District Court for the Western District of Washington, respectively. On June 11, 2020, the Central District of California actions were consolidated for all purposes into one action under the Ferreira caption, and lead plaintiffs and lead counsel were appointed pursuant to the Private Securities Litigation Reform Act; shortly thereafter, the Western District of Washington action was voluntarily dismissed. Lead plaintiffs filed the consolidated complaint on July 31, 2020, against the Company and certain of its officers and directors, as well as entities affiliated with ACON Funko Investors, L.L.C. (“ACON”). The consolidated complaint added Section 10(b) and 20(a) claims based on the Company’s earnings announcement and Quarterly Report on Form 10-Q for the quarter ended June 30, 2019, as well as claims under Section 20A of the Exchange Act. All defendants moved to dismiss the consolidated action on October 2, 2020. On February 25, 2021, the Court granted all defendants’ motions to dismiss the Ferreira action, allowing the lead plaintiffs leave to amend the complaint. Lead plaintiffs filed their amended complaint on March 29, 2021, and all defendants moved to dismiss. On October 25, 2021, the Court issued an order granting defendants’ motion in part and denying the motion in part. Specifically, the court dismissed with prejudice all claims related to statements regarding Funko’s projected net sales and the claims based on inventory risk warnings in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2019, but denied the motion to dismiss as to claims based on inventory risk warnings in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. Several shareholder derivative actions based on the earnings announcement and Quarterly Report on Form 10-Q for the quarter ended September 30, 2019 have been brought on behalf of the Company against certain of its directors and officers. Specifically, on April 23, June 5, and June 10, 2020, the actions captioned Cassella v. Mariotti et al. , Evans v. Mariotti et al. , and Igelido v. Mariotti et al. , respectively, were filed in the United States District Court for the Central District of California. On July 6, 2020, these three actions were consolidated for all purposes into one action under the title In re Funko, Inc. Derivative Litigation , and on August 13, 2020, the consolidated action was stayed pending final resolution of the motion to dismiss in the Ferreira action. Additionally, on July 14 and July 31, 2020, the actions captioned Rubin v. Mariotti et al. and Fletcher v. Mariotti et al. , respectively, were filed in the United States District Court for the District of Delaware. These two actions were consolidated for all purposes into one action under the title In re Funko, Inc. Stockholder Derivative Litigation on September 8, 2020 and were subsequently transferred to the United States District Court for the Central District of California. On April 23, 2021, both cases pending under the “Stockholder Derivative Litigation” caption were voluntarily dismissed, without prejudice. Additionally, between November 16, 2017 and June 12, 2018, seven purported stockholders of the Company filed putative class action lawsuits in the Superior Court of Washington in and for King County against the Company, certain of its officers and directors, ACON, Fundamental Capital, LLC and Funko International, LLC (collectively, “Fundamental”), the underwriters of its IPO, and certain other defendants. On July 2, 2018, the suits were ordered consolidated for all purposes into one action under the title In re Funko, Inc. Securities Litigation . On August 1, 2018, plaintiffs filed a consolidated complaint against the Company, certain of its officers and directors, ACON, Fundamental, and certain other defendants. On October 1, 2018, the Company moved to dismiss the action. The motion was fully briefed as of November 30, 2018, and oral argument on the motion was held on May 3, 2019. On August 2, 2019, the Court granted the Company’s motion to dismiss the action, allowing plaintiffs leave to amend the complaint. On October 3, 2019, plaintiffs filed a first amended consolidated complaint. The Company moved to dismiss that complaint on December 5, 2019 and on August 5, 2020, the Superior Court of Washington in and for King County dismissed the consolidated action with prejudice. Plaintiffs appealed, and on November 1, 2021, the Court of Appeals reversed the trial court’s dismissal decision in most respects, and remanded the case to the trial court for further proceedings. On January 13, 2022, the Company filed a petition seeking review of the Washington State Court of Appeals’ reversal by the Washington Supreme Court. That petition is pending, and accordingly the case has not yet been remanded to the trial court. On June 4, 2018, a putative class action lawsuit entitled Kanugonda v. Funko, Inc., et al. was filed in the United States District Court for the Western District of Washington against the Company, certain of its officers and directors, and certain other defendants. On January 4, 2019, a lead plaintiff was appointed in that case. On April 30, 2019, the lead plaintiff filed an amended complaint against the previously named defendants. The parties to the federal action, now captioned Berkelhammer v. Funko, Inc. et al. , have agreed to a stay of that action pending developments in the state case. The cases in Washington state court and Berkelhammer v. Funko, Inc. et al. allege that the Company violated Sections 11, 12, and 15 of the Securities Act of 1933, as amended, by making allegedly materially misleading statements in documents filed with the U.S. Securities and Exchange Commission in connection with the Company’s IPO and by omitting material facts necessary to make the statements made therein not misleading. The lawsuits seek, among other things, compensatory statutory damages and rescissory damages in account of the consideration paid for the Company’s Class A common stock by the plaintiffs and members of the putative class, as well as attorneys’ fees and costs. On June 11, 2021, one of those purported stockholders filed a related derivative action, captioned Silverberg v. Mariotti, et al. , was filed in the Court of Chancery of the State of Delaware. In response, on July 8, 2021, the Company moved to stay and dismiss the action. On December 1, 2021, Silverberg stipulated to a stay of the action pending resolution of Ferreira v. Funko, Inc., et al. , Case No. 2:20-cv-02319. On January 18, 2022, a stockholder filed a putative class action lawsuit in the Court of Chancery of the State of Delaware relating to the Company’s corporate “Up-C” structure and bringing direct claims for breach of fiduciary against certain current and former officers and directors. On February 14, 2022, the Company moved to dismiss the complaint. A briefing schedule on the motion to dismiss has not yet been set. The Company is party to additional legal proceedings incidental to its business. While the outcome of these additional matters could differ from management’s expectations, the Company does not believe that the resolution of such matters is reasonably likely to have a material effect on its results of operations or financial condition.

Segments

Segments	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Segments	SegmentsThe Company identifies its 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 (“CODM”) to allocate resources and assess performance. Because its CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. The following tables present summarized product information as a percent of sales: Year ended December 31, 2021 2020 2019 Figures 77.6 % 77.2 % 80.8 % Other 22.4 % 22.8 % 19.2 % Year ended December 31, 2021 2020 2019 Pop! Branded Products 74.5 % 76.2 % 78.6 % Loungefly Branded Products 13.7 % 13.0 % 9.1 % Other 11.8 % 10.8 % 12.3 % The following tables present summarized geographical information (in thousands): Year ended December 31, 2021 2020 2019 Net sales: United States $ 743,846 $ 488,823 $ 523,897 Europe 214,732 111,997 198,203 Other International 70,715 51,717 73,022 Total net sales $ 1,029,293 $ 652,537 $ 795,122 December 31, 2021 2020 Long-lived assets: United States $ 81,022 $ 72,813 Vietnam and China 16,701 16,144 United Kingdom 26,500 29,998 Total long-lived assets $ 124,223 $ 118,955

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party TransactionsThe 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, Ltd. For the years ended December 31, 2021, 2020 and 2019, the Company recorded approximately $0.8 million, $2.0 million and $2.3 million, respectively, in net sales from business with Forbidden Planet. At December 31, 2021 and 2020, accounts receivable from Forbidden Planet were $0.4 million and $0.5 million on the consolidated balance sheets, respectively.In February 2019, in connection with the Forrest-Pruzan Acquisition, the Company assumed two leases of office space with Roll and Move, LLC and Roll and Move II LLC, both of which are owned by certain former owners of Forrest-Pruzan Creative LLC, one of whom remains an employee of the Company. For the years ended December 31, 2021 and 2020, the Company recorded $0.3 million and $0.2 million, of rental expense related to the leases, which was recorded in selling, general and administrative expenses in the Company’s consolidated statements of Income.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit PlansWe currently maintain the Funko 401(k) Plan, a defined contribution retirement and savings plan, for the benefit of our employees, including our named executive officers, who satisfy certain eligibility requirements. Our named executive officers are eligible to participate in the 401(k) Plan on the same terms as other full-time employees. The Code allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) Plan. Currently, we match contributions made by participants in the 401(k) Plan up to 4% of the employee earnings, and these matching contributions are fully vested as of the date on which the contribution is made. We believe that providing a vehicle for tax-deferred retirement savings though our 401(k) Plan, and making fully vested matching contributions, adds to the overall desirability of our compensation package and further incentivizes our employees, including our named executive officers, in accordance with our compensation policies. The Company’s employer matching contributions were $1.8 million, $1.5 million and $1.6 million for the years ended December 31, 2021, 2020 and 2019, respectively.

Stockholder's Equity

Stockholder's Equity	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Stockholder's Equity	Stockholders’ Equity 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. Reorganization Transactions On November 1, 2017, in connection with the completion of the IPO, the Company completed a series of reorganization 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 basis; and • 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 Creative 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 Exchange Act, and prior to the completion of the IPO. FAH, LLC Recapitalization 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 common units. As the sole managing member of FAH, LLC, the Company controls the management of FAH, LLC. As a result, the Company consolidates FAH, LLC’s financial results and reports a non-controlling interest related to the economic interest of FAH, LLC held by the Continuing Equity Owners. The Amended and Restated Certificate of Incorporation and the FAH LLC Agreement discussed above requires FAH, LLC and the Company to, at all times, maintain (i) a one-to-one ratio between the number of shares of Class A common stock issued by the Company and the number of common units owned by the Company and (ii) a one-to-one ratio between the number of shares of Class B common stock owned by the Continuing Equity Owners and the number of common units owned by the Continuing Equity Owners (other than common units issuable upon the exercise of options and common units that are subject to time-based vesting requirements (the “Excluded Common Units”)). The Company may issue shares of Class B common stock only to the extent necessary to maintain the one-to-one ratio between the number of common units of FAH, LLC held by the Continuing Equity Owners (other than the Excluded Common Units) and the number of shares of Class B common stock issued to the Continuing Equity Owners. Shares of Class B common stock are transferable only together with an equal number of common units of FAH, LLC. Only permitted transferees of common units held by the Continuing Equity Owners will be permitted transferees of Class B common stock. 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 basis or a cash payment equal to a volume weighted average market price of one share of Class A common stock for each common unit redeemed, in each case in accordance with the terms of the FAH LLC Agreement; provided that, at the Company’s election, the Company may effect a direct exchange of such Class A common stock or such cash, as applicable, for such common units. The Continuing Equity Owners may exercise such redemption right for as long as their common units remain outstanding. Simultaneously with the payment of cash or shares of Class A common stock, as applicable, in connection with a redemption or exchange of common units pursuant to the terms of the FAH LLC Agreement, a number of shares of our Class B common stock registered in the name of the redeeming or exchanging Continuing Equity Owner will be cancelled for no consideration on a one-for-one basis with the number of common units so redeemed or exchanged. Equity-Based Compensation Funko, Inc. 2017 Incentive Award Plan . On October 23, 2017, the Company adopted the Funko, Inc. 2017 Incentive Award Plan (the “2017 Plan”). 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. Subsequent to the IPO, the Company has granted options to purchase shares of Class A common stock and restricted stock units on Class A common stock to certain of its directors, executive officers and employees under the 2017 Plan. Funko, Inc. 2019 Incentive Award Plan . Effective April 18, 2019, the Company adopted the Funko, Inc. 2019 Incentive Award Plan (the "2019 Plan"). We have also reserved for issuance an aggregate number of shares under the 2019 Plan equal to the sum of (i) 3,000,000 shares of our Class A common stock and (ii) an annual increase on the first day of each calendar year beginning on January 1, 2020 and ending on and including January 1, 2029, equal to the lesser of (A) 2% of the shares of Class A Common Stock outstanding as of the last day of the immediately preceding fiscal year on a fully-diluted basis and (B) such lesser number of shares of Class A common stock as determined by our board of directors. The number of unissued common shares reserved for future grants under the 2017 Plan and 2019 Plan was 736,917 and 1,077,464, respectively as of December 31, 2021. A summary of stock option activity for the year ended December 31, 2021 is as follows: Funko, Inc. Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2020 2,905 $ 13.05 $ 4,069 8.05 Granted 821 19.82 — Exercised (268) 14.12 2,543 Forfeited (216) 15.20 812 Outstanding at December 31, 2021 3,242 14.54 15,973 7.61 Options exercisable at December 31, 2021 1,760 $ 13.48 $ 10,152 6.81 Stock options awarded to employees under the 2017 Plan and 2019 Plan are generally granted with an exercise price equal to the closing market price of the Company’s common stock at the date of grant, vest over four years, and have ten years contractual terms. A summary of restricted stock unit activity for the year ended December 31, 2021 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2020 1,868 $ 12.58 2.37 Granted 638 16.41 Vested (284) 9.43 Forfeited (81) 11.29 Unvested at December 31, 2021 2,141 $ 14.18 2.22 Options to purchase common units in FAH, LLC. In connection with the IPO, existing options to purchase Class A units in FAH, LLC were converted into 555,867 options to purchase common units in FAH, LLC. A summary of FAH, LLC stock option activity for the year ended December 31, 2021 is as follows: FAH, LLC Stock Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2020 228 0.05 2,437 2.41 Outstanding at December 31, 2021 228 $ 0.05 $ 4,278 1.41 Options exercisable at December 31, 2021 228 $ 0.05 $ 4,278 1.41 Unvested common units in FAH, LLC. In connection with the IPO, unvested common units to purchase profit interests in FAH, LLC were converted into 1,901,327 unvested common units of FAH, LLC. There were no unvested common units of FAH, LLC as of December 31, 2020. The following table presents information on stock option exercises (in thousands): Year ended December 31, 2021 2020 2019 Cash received for exercise price $ 3,794 $ 219 $ 2,217 Intrinsic value 2,543 957 3,404 Equity-based compensation expense . The Company measures and recognizes expense for its equity-based compensation granted to employees and directors based on the fair value of the awards on the grant date. The fair value of restricted stock units is based on the market price of Class A common stock on the date of grant. The fair value of option awards is estimated at the grant date using the Black-Scholes option pricing model that requires management to apply judgment and make estimates, including: • Volatility —this is estimated based primarily on historical volatilities of a representative group of publicly traded consumer product companies with similar characteristics • Risk-free interest rate —this is the U.S. Treasury rate as of the grant date having a term equal to the expected term of the award • Expected term —represents the estimated period of time until an award is exercised and was calculated based on the simplified method • Dividend yield —the Company does not plan to pay dividends in the foreseeable future For each of the options granted under the 2017 Plan and 2019 Plan, the following were the weighted-average of the option pricing model inputs: Year ended December 31, 2021 2020 2019 Expected term (years) 6.06 6.05 6.07 Expected volatility 48.6 % 45.6 % 38.7 % Risk-free interest rate 1.0 % 0.5 % 2.4 % Dividend yield — % — % — % The weighted-average fair value of stock options granted for the years ended December 31, 2021, 2020 and 2019 was $9.26, $1.90 and $8.35 per share, respectively. Equity-based compensation expense is recognized on a straight-line basis over the vesting period of the award. The Company records equity-based compensation to selling, general and administrative expense on the consolidated statements of income. Equity-based compensation for the years ended December 31, 2021, 2020 and 2019 was $13.0 million, $10.1 million and $13.0 million, respectively. As of December 31, 2021, there was $24.0 million of total unrecognized equity-based compensation expense that the Company expected to recognize over a remaining weighted-average period of 2.4 years. Of this, $9.1 million is related to options to purchase Class A common stock in Funko, Inc. and $15.0 million is related to unvested restricted stock units in Class A common stock of Funko, Inc. As of December 31, 2021, the Company expected to recognize these costs over a remaining weighted average period of 2.6 years for options to purchase Class A shares in Funko, Inc., and 2.2 years for unvested restricted stock units in Class A common stock of Funko, Inc.

Non-controlling Interests

Non-controlling Interests	12 Months Ended
	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Non-controlling Interests	Non-controlling Interests The Company is the sole managing member of FAH, LLC and as a result consolidates the financial results of FAH, LLC. The Company reports a non-controlling interest representing the common units of FAH, LLC held by the Continuing Equity Owners. Changes in Funko, Inc.’s ownership interest in FAH, LLC while Funko, Inc. retains its controlling interest in FAH, LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of common units of FAH, LLC by the Continuing Equity Owners will result in a change in ownership and reduce or increase the amount recorded as non-controlling interest and increase or decrease additional paid-in capital when FAH, LLC has positive or negative net assets, respectively. Net income and comprehensive income are attributed between Funko, Inc. and noncontrolling interest holders based on each party’s relative economic ownership interest in FAH, LLC. As of December 31, 2021, 2020 and 2019, Funko, Inc. owned 40.1 million, 35.7 million and 34.9 million of FAH, LLC common units, respectively, representing a 77.3%, 69.5% and 68.7% economic ownership interest in FAH, LLC, respectively. Net income and comprehensive income of FAH, LLC excludes certain activity attributable to Funko, Inc., including $13.0 million, $10.0 million and $10.8 million of equity-based compensation expense for share-based compensation awards issued by Funko, Inc. for the years ended December 31, 2021, 2020 and 2019, respectively, and $14.3 million of income tax expense, $0.4 million income tax benefit and $2.2 million of income tax expense for corporate, federal, state and local taxes attributable to Funko, Inc. for the years ended December 31, 2021, 2020 and 2019, respectively.

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic and Diluted Earnings per Share Basic earnings per share of Class A common stock is computed by dividing net income available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net income available to Funko, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities. The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock: Year Ended December 31, 2021 Year Ended December 31, 2020 Year Ended December 31, 2019 (in thousands, except per share data) Numerator: Net income $ 67,854 $ 9,763 $ 27,820 Less: net income attributable to non-controlling interests 23,954 5,802 16,095 Net income attributable to Funko, Inc. — basic $ 43,900 $ 3,961 $ 11,725 Add : Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock — — — Net income attributable to Funko, Inc. — diluted $ 43,900 $ 3,961 $ 11,725 Denominator: Weighted-average shares of Class A common stock outstanding 38,392,390 35,270,795 30,897,569 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock 227,500 304,327 1,064,145 Add: Dilutive Funko, Inc. equity compensation awards 1,990,728 194,891 964,059 Weighted-average shares of Class A common stock outstanding 40,610,618 35,770,013 32,925,773 Earnings per share of Class A common stock — basic $ 1.14 $ 0.11 $ 0.38 Earnings per share of Class A common stock — diluted $ 1.08 $ 0.11 $ 0.36 For the years ended December 31, 2021, 2020 and December 31, 2019 an aggregate of 14.7 million, 19.7 million and 20.1 million of potentially dilutive securities, respectively, were excluded from the weighted-average in the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive. For the years ended December 31, 2021, 2020 and 2019 anti-dilutive securities included 13.2 million, 15.8 million and 19.1 million of common units of FAH, LLC that are convertible into Class A common stock, but were excluded from the computations of diluted earnings per share because the effect would have been anti-dilutive under the if-converted method. Shares of the Company’s Class B common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been presented.

Schedule I_ Condensed Financial

Schedule I: Condensed Financial Information of Registrant	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule I: Condensed Financial Information of Registrant	Schedule I: Condensed Financial Information of Registrant FUNKO, INC. CONDENSED STATEMENTS OF INCOME (PARENT COMPANY ONLY) Year Ended December 31, 2021 2020 2019 (in thousands) Intercompany revenue $ 82 $ 307 $ 739 Selling, general, and administrative expenses 13,163 10,269 11,211 Total operating expenses 13,163 10,269 11,211 Loss from operations (13,081) (9,962) (10,472) Interest (expense) income, net 3 (36) — Tax receivable agreement liability adjustment (1,590) (87) (152) Equity in net income of subsidiaries 72,916 13,674 24,525 Income before income taxes 58,248 3,589 13,901 Income tax expense (benefit) 14,348 (372) 2,176 Net income $ 43,900 $ 3,961 $ 11,725 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (PARENT COMPANY ONLY) Year Ended December 31, 2021 2020 2019 (in thousands) Net income $ 43,900 $ 3,961 $ 11,725 Other comprehensive income: Foreign currency translation (loss) gain, net of tax effect of $163, $(274) and $(282) for the years ended December 31, 2021, 2020 and 2019, respectively (544) 927 958 Reclassification of foreign currency translation gain into net income $ (96) $ — $ — Comprehensive income attributable to $ 43,260 $ 4,888 $ 12,683 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED BALANCE SHEETS (PARENT COMPANY ONLY) December 31, 2021 2020 (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 61,943 $ 34,568 Income tax receivable — 294 Total current assets 61,943 34,862 Intercompany receivable 116,746 117,995 Deferred tax asset 74,464 54,734 Investment in subsidiaries 166,054 97,523 Total assets $ 419,207 $ 305,114 Liabilities and Stockholders' Equity Current liabilities: Tax payable $ 14,684 $ — Current portion of liabilities under tax receivable agreement 7,362 2,020 Accrued expenses and other current liabilities — 40 Total current liabilities 22,046 2,060 Liabilities under tax receivable agreement, net of current portion 75,523 60,297 Other long-term liabilities — 490 Commitments and contingencies Stockholders' equity: Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 40,088 shares and 35,657 shares issued and outstanding as of December 31, 2021 and 2020, respectively 4 4 Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 10,691 shares and 14,040 shares issued and outstanding as of December 31, 2021 and 2020, respectively 1 1 Additional paid-in-capital 252,505 216,141 Accumulated other comprehensive income 1,078 1,718 Retained earnings 68,050 24,403 Total stockholders' equity 321,638 242,267 Total liabilities and stockholders' equity $ 419,207 $ 305,114 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. CONDENSED STATEMENTS OF CASH FLOWS (PARENT COMPANY ONLY) Year Ended December 31, 2021 2020 2019 (in thousands) Operating Activities Net income $ 43,900 $ 3,961 $ 11,725 Adjustments to reconcile net income to net cash provided by Equity in net income of subsidiaries (72,916) (13,674) (24,525) Equity-based compensation 12,994 10,007 10,827 Deferred tax expense (benefit) (203) 2,792 (2,518) Tax receivable liability adjustment 1,590 87 152 Changes in operating assets and liabilities: Income tax receivable 294 3,521 (3,816) Due from related parties, net 1,351 26,007 (19,182) Prepaid expenses and other assets — — (2,336) Income taxes payable 14,684 — (3,497) Accrued expenses and other liabilities (571) 304 1,985 Net cash provided by (used in) operating activities 1,123 33,005 (31,185) Financing Activities Tax distribution received from FAH, LLC 24,173 5,825 29,502 Tax receivable agreement payments (1,715) (4,639) (173) Proceeds from exercise of equity-based options 3,794 41 2,148 Net cash provided by financing activities 26,252 1,227 31,477 Net increase in cash and cash equivalents 27,375 34,232 292 Cash and cash equivalents at beginning of period 34,568 336 44 Cash and cash equivalents at end of period $ 61,943 $ 34,568 $ 336 Supplemental Cash Flow Information Income tax payments $ 23 $ 2,116 $ 11,969 Establishment of liabilities under tax receivable agreement 20,691 1,000 59,045 Issuance of equity instruments for acquisitions — — 2,221 See accompanying notes to condensed financial information Schedule I: Condensed Financial Information of Registrant (continued) FUNKO, INC. NOTES TO CONDENSED FINANCIAL INFORMATION (PARENT COMPANY ONLY) December 31, 2021 1. Organization Funko, Inc. (the “Parent Company”) was formed on April 21, 2017 as a Delaware corporation and is a holding company with no direct operations. The Parent Company's assets consist primarily of cash and cash equivalents, its equity interest in FAH, LLC, and certain deferred tax assets. The Parent Company also had three wholly owned subsidiaries with direct ownership interest in FAH, LLC until the subsidiaries were dissolved and liquidated on June 30, 2020. The Parent Company's cash inflows are primarily from distributions and other transfers from FAH, LLC. The amounts available to the Parent Company to fulfill cash commitments are subject to certain restrictions in FAH, LLC’s Credit Facilities. See Note 10 to the Funko, Inc. consolidated financial statements, appearing elsewhere in this Form 10-K. 2. Basis of Presentation These condensed Parent Company financial statements should be read in conjunction with the consolidated financial statements of Funko, Inc. and its subsidiaries and the accompanying notes thereto, included in this Form 10-K. For purposes of this condensed financial information, the Parent Company's interest in FAH, LLC is recorded based upon its proportionate share of FAH, LLC's net assets (similar to presenting them on the equity method). The Parent Company is the sole managing member of FAH, LLC, and pursuant to the Amended and Restated LLC Agreement of FAH, LLC (the “LLC Agreement”), receives compensation in the form of reimbursements for all costs associated with being a public company. Intercompany revenue consists of these reimbursement payments and is recognized when the corresponding expense to which it relates is recognized. Certain intercompany balances presented in these condensed Parent Company financial statements are eliminated in the consolidated financial statements. For the years ended December 31, 2021, 2020, and 2019, the full amounts of intercompany revenue and equity in net income of subsidiaries in the Parent Company Statements of Operations were eliminated in consolidation. An intercompany receivable was owed to the Parent Company by FAH, LLC of $116.7 million and $118.0 million as of December 31, 2021 and 2020, respectively. Related party amounts that were not eliminated in the consolidated financial statements include the Parent Company's liabilities under the tax receivable agreement, which totaled $82.9 million and $62.3 million as of December 31, 2021 and 2020, respectively. 3. Commitments and Contingencies The Parent Company is party to a tax receivable agreement with certain holders of common units in FAH, LLC (the "Continuing Equity Owners") that provides for the payment by the Parent Company to the Continuing Equity Owners of 85% of the amount of any tax benefits that the Parent Company actually realizes, or in some cases is deemed to realize, as a result of certain transactions. See Note 13 to the Funko, Inc. consolidated financial statements, appearing elsewhere in this Form 10-K, for more information regarding the Parent Company's tax receivable agreement. As described in Note 13 to the Funko, Inc. consolidated financial statements, appearing elsewhere in the Form 10-K, amounts payable under the tax receivable agreement are contingent upon, among other things, (i) generation of future taxable income of Funko, Inc. over the term of the tax receivable agreement and (ii) future changes in tax laws. As of December 31, 2021 and 2020, liabilities under the tax receivable agreement totaled $82.9 million and $62.3 million, respectively. See Note 14 to the Funko, Inc. consolidated financial statements, appearing elsewhere in this Form 10-K, for information regarding pending and threatened litigation. Pursuant to the LLC Agreement, the Parent Company receives reimbursements for all costs associated with being a public company, which includes costs of litigation.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the Company’s 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.
Cash Equivalents	Cash EquivalentsCash equivalents include amounts due from third-party financial institutions for credit and debit card transactions.
Concentrations of Business and Credit Risk	Concentrations of Business and Credit Risk The Company grants credit to its customers on an unsecured basis. The Company monitors the financial health of its customers and will take actions to mitigate a customer's credit risk if a negative financial forecast is expected. As of December 31, 2021 and 2020, the balance of accounts receivable consisted of 18% and 11%, respectively, of amounts owed from the largest customer for the given period. The collection of these receivables has been within the terms of the associated customer agreement. For the years ended December 31, 2021, 2020 and 2019 there was no individual customer that generated net sales over 10%. For the year ended December 31, 2021, 26% of sales were related to the Company’s two largest license agreements (13% each) with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2020, 12% and 11% of sales were related to the Company’s two largest license agreements with no other license agreements accounting for more than 10% of sales. For the year ended December 31, 2019, 13%, 11% and 11% of sales were related to the Company’s three largest license agreements with no other license agreements accounting for more than 10% of sales. The Company maintains its cash within bank deposit accounts at high quality, accredited financial institutions. These amounts at times may exceed federally insured limits. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to significant credit risk on cash.
Inventory	InventoryInventory consists primarily of figures, plush, apparel, homewares, accessories, games and other finished goods, and is accounted for using the first-in, first-out (“FIFO”) method. Inventory costs include direct product costs and freight costs. The Company maintains reserves for excess and obsolete inventories to reflect the inventory balance at the lower of cost or net realizable value. This valuation requires us to make judgments, based on currently available information, about the likely method of disposition, such as through sales to customers, or liquidation, and expected recoverable value of each disposition category. The Company estimates obsolescence based on assumptions regarding future demand.
Property and Equipment	Property and Equipment Property and equipment is stated at historical cost, net of accumulated depreciation, and, if applicable, impairment charges. Depreciation of property and equipment is recorded using the straight-line method over the shorter of the estimated useful life of the asset or the lease term. The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease The Company monitors our long-lived assets for impairment indicators on an ongoing basis in accordance with U.S. GAAP. If impairment indicators exist, the Company will perform the required impairment analysis by comparing the undiscounted cash flows expected to be generated from the long-lived assets to the related net book values. If the net book value exceeds the undiscounted cash flows, an impairment loss is measured and recognized. An impairment loss is measured as the difference between the net book value and the fair value of the long-lived assets. Fair value is estimated based upon a combination of market and cost approaches, as appropriate. Changes in economic or operating conditions impacting these estimates and assumptions could result in the impairment of the Company's long-lived assets.
Revenue Recognition and Sales Allowance	Revenue Recognition and Sales Allowance Revenue from the sale of Company products is recognized when control of the goods is transferred to the customer, which is upon shipment or upon receipt of finished goods by the customer, depending on the contract terms. The Company routinely enters into arrangements with its customers to provide sales incentives, support customer promotions, and provide allowances for returns and defective merchandise. These sales adjustments require management to make estimates. In making these estimates, management considers all available information including the overall business environment, historical trends and information from customers, such as agreed upon customer contract terms as well as historical experience from the customer. The costs of these programs reduce gross sales in the period the related sale is recognized. The Company adjusts its estimates at least quarterly or when facts and circumstances used in the estimate process change; historically these adjustments have not been material. We have made an accounting policy election to exclude from revenue all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected by the Company from a customer (for example, sales, use, value-added, and certain excise taxes). We have elected to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. Accordingly, shipping and handling activities that are performed by the Company, whether before or after a customer has obtained control of the products, are considered fulfillment costs to satisfy our performance obligation to transfer the products, and are recorded as incurred within cost of sales. We have elected the practical expedient to not recognize a significant financing component for contracts that include payments terms of one year or less. We have also elected the practical expedient permitting expensing of costs to obtain a contract when the expected amortization period is one year or less. Shipping Revenue and Costs Shipping and handling costs include inbound freight costs and the cost to ship product to the customer and are included in cost of sales. Shipping fees billed to customers are included in net sales. Royalties
Advertising and Marketing Costs	Advertising and Marketing CostsAdvertising and marketing costs are expensed when the advertising or marketing event takes place. These costs include the fees to participate in trade shows and Comic-Cons, as well as costs to develop promotional video and other online content created for advertising purposes. The Company enters into cooperative advertising arrangements with customers. The fees related to these arrangements are recorded as a reduction of net sales in the accompanying consolidated statements of income because the Company has determined it does not receive an identifiable benefit and cannot reasonably estimate the fair value of these arrangements.
Product Design and Development Costs	Product Design and Development CostsProduct design and development costs are recognized in selling, general and administrative expenses in the consolidated statements of income as incurred.
Foreign Currency	Foreign CurrencyWe have international sales and operating expenses that are denominated in local functional currencies. The functional currency of our international subsidiaries is the same as the local currency. Assets and liabilities of these subsidiaries are translated into U.S. dollars at period-end foreign exchange rates, and revenues and expenses are translated at average rates prevailing throughout the period. Translation adjustments are included in other comprehensive income on the consolidated statements of comprehensive income. Transaction gains and losses including intercompany transactions denominated in a currency other than the functional currency of Funko, Inc. are included in other expense (income), net on our consolidated statements of income.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards There were no recently adopted accounting standards during the year ended December 31, 2021 that had a material effect of the financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property and Equipment	The estimated useful lives of our property and equipment are generally as follows: Asset Lives (in years) Tooling and molds 2 Furniture, fixtures, and warehouse equipment 2 to 7 Computer equipment, software and other 3 to 5 Leasehold improvements Lesser of useful life or term of lease

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Purchase Consideration	The purchase consideration allocated to the Forrest-Pruzan Acquisition was as follows: Purchase Consideration at Fair Value (in thousands) Cash paid $ 6,500 Fair value of class A common stock issued 2,221 Cash holdback 1,400 Fair value of cash consideration due February 11, 2021 1,815 Total transaction price $ 11,936 Less: Noncompetition agreements (290) Consideration transferred $ 11,646

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table presents the balances of goodwill as of 2021 and 2020 (in thousands): Goodwill Balance as of January 1, 2020 $ 124,835 Foreign currency remeasurement 226 Balance as of December 31, 2020 $ 125,061 Acquisition 1,662 Foreign currency remeasurement (72) Balance as of December 31, 2021 $ 126,651
Schedule of Identified Intangible Assets by Major Class	The following table provides the details of identified intangible assets, by major class, for the periods indicated (in thousands): December 31, 2021 December 31, 2020 Estimated Useful Life (Years) Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Gross Carrying Amount Accumulated Amortization Intangible Assets, Net Intangible assets subject Intellectual property 3 - 20 $ 115,331 $ (36,060) $ 79,271 $ 115,131 $ (30,008) $ 85,123 Trade names 10 - 20 83,358 (25,985) 57,373 83,359 (21,717) 61,642 Customer relationships 3 - 20 71,699 (24,912) 46,787 71,736 (20,301) 51,435 Licensor relationships 10 - 20 11,276 (5,186) 6,090 11,301 (4,068) 7,233 Supplier relationships 2 322 (322) — 325 (325) — Noncompetition agreements 3 290 (278) 12 290 (182) 108 Total $ 282,276 $ (92,743) $ 189,533 $ 282,142 $ (76,601) $ 205,541
Schedule of Future Five Year Amortization of Intangible Assets	The future five-year amortization of intangibles subject to amortization at December 31, 2021 was as follows (in thousands): Amortization 2022 $ 15,107 2023 14,893 2024 14,873 2025 14,873 2026 14,815 Thereafter 114,972 Total $ 189,533

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Accounts Receivable, Net	Accounts receivable, net consisted of the following (in thousands): December 31, 2021 2020 Accounts receivable $ 190,844 $ 135,417 Less: Allowance for doubtful accounts (3,156) (3,580) Accounts receivable, net $ 187,688 $ 131,837
Schedule of Activity in Allowance for Doubtful Accounts	Activity in our allowance for doubtful accounts was as follows (in thousands): December 31, 2021 2020 Allowance for doubtful accounts - beginning $ 3,580 $ 2,354 Charged to costs 895 2,396 Write offs (1,319) (1,170) Allowance for doubtful accounts - ending $ 3,156 $ 3,580

Prepaid Expenses and Other Cu_2

Prepaid Expenses and Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): December 31, 2021 2020 Prepaid deposits for inventory and molds $ 1,111 $ 1,373 Prepaid royalties, net 4,746 6,260 Other prepaid expenses and current assets 9,068 7,853 Prepaid expenses and other current assets $ 14,925 $ 15,486

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): December 31, 2021 2020 Tooling and molds $ 119,915 $ 102,865 Leasehold improvements 44,112 42,573 Computer equipment, software and other 13,007 11,310 Furniture, fixtures and warehouse equipment 12,177 11,762 Construction in progress 7,194 318 $ 196,405 $ 168,828 Less: Accumulated depreciation (137,577) (112,687) Property and equipment, net $ 58,828 $ 56,141

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Accrued Liabilities And Other Current Liabilities [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following (in thousands): December 31, 2021 2020 Accrued payroll and compensation $ 23,439 $ 13,338 Accrued shipping & freight costs 42,649 4,733 Accrued sales taxes 1,978 757 Current liabilities under tax receivable agreement 7,362 2,020 Other current liabilities 45,839 23,101 Accrued liabilities and other current liabilities $ 121,267 $ 43,949

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt	Debt consists of the following (in thousands): December 31, 2021 2020 Term Loan Facility 175,500 193,875 Debt issuance costs (2,287) (3,105) Total term debt 173,213 190,770 Less: current portion 17,395 10,758 Long-term debt, net $ 155,818 $ 180,012
Schedule of Maturities of Long-term Debt	Maturities of long-term debt for each of the next five years and thereafter are as follows (in thousands): Term Loan Facility 2022 $ 18,000 2023 18,000 2024 18,000 2025 18,000 2026 103,500 Total $ 175,500

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Schedule of Lessee, Operating Lease, Liability, Maturity	The future payments on the Company’s operating lease liabilities as of December 31, 2021 were as follows (in thousands): 2022 $ 15,445 2023 12,582 2024 12,013 2025 10,504 2026 9,303 Thereafter 20,489 Total lease payments 80,336 Less: imputed interest (14,918) Total $ 65,418

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes	Income before income taxes consisted of (in thousands): Year Ended December 31, 2021 2020 2019 Domestic $ 72,758 $ 4,149 $ 21,414 Foreign 12,157 7,639 10,882 Income before income taxes $ 84,915 $ 11,788 $ 32,296
Schedule of Income Tax Expense	The components of the Company’s income tax expense consisted of the following (in thousands): Year Ended December 31, 2021 2020 2019 Current income taxes: Federal $ 12,894 $ (3,030) $ 4,216 State and local 1,825 59 601 Foreign 2,703 1,673 1,952 Current income taxes $ 17,422 $ (1,298) $ 6,769 Deferred income taxes: Federal $ (185) $ 2,585 $ (2,333) State and local (18) 206 (185) Foreign (158) 532 225 Deferred income taxes (361) 3,323 (2,293) Income tax expense $ 17,061 $ 2,025 $ 4,476
Schedule of Reconciliation of Income Tax Expense	A reconciliation of income tax expense from operations computed at the U.S. federal statutory income tax rate to the Company’s effective income tax rate is as follows: Year Ended December 31, 2021 2020 2019 Expected U.S. federal income taxes at statutory rate 21.0 % 21.0 % 21.0 % State and local income taxes, net of federal benefit 1.7 2.5 1.0 Foreign taxes 2.5 18.7 5.9 Foreign tax credit — (9.3) — Non-deductible expenses (1.1) 1.6 (0.8) Change in valuation allowance 2.3 5.4 4.9 Non-controlling interest (6.0) (12.7) (10.8) Share-based Compensation 0.1 5.1 (2.6) Return to Provision 1.5 (15.1) (3.0) Other, net (1.9) — (1.7) Income tax expense 20.1 % 17.2 % 13.9 %
Schedule of Deferred Tax Assets and Liabilities	The significant items comprising deferred tax assets and liabilities is as follows (in thousands): December 31, 2021 2020 Deferred tax assets: Investment in partnership $ 64,335 $ 46,582 Tax Receivable Agreement liability 19,105 14,087 Stock-based compensation 6,197 4,195 Foreign Tax Credit — 1,090 Other carryforwards — 898 Net operating loss carryforward — 756 Gross deferred tax assets 89,637 67,608 Valuation allowance (14,829) (12,367) Deferred tax assets, net of valuation allowance 74,808 55,241 Deferred tax liabilities: Property and equipment (701) (833) Other (343) (506) Gross deferred tax liabilities (1,044) (1,339) Net deferred tax assets $ 73,764 $ 53,902
Schedule of Income Tax Contingencies	The following table summarizes changes in the amount of the Company’s unrecognized tax benefits for uncertain tax positions for the three years ended December 31, 2021, 2020 and 2019 (in thousands): Year Ended December 31, 2021 2020 2019 Unrecognized tax benefits at January 1 $ 490 $ 490 $ 490 Decreases for positions taken in current year (490) — — Unrecognized tax benefits at December 31 $ — $ 490 $ 490

Liabilities under Tax Receiva_2

Liabilities under Tax Receivable Agreement (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Tax Receivable Agreement Liability	The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three years ended December 31, 2021, 2020 and 2019 (in thousands): Year Ended December 31, 2021 2020 2019 Beginning Balance $ 62,318 $ 65,816 $ 6,771 Additional liabilities for exchanges 20,691 1,000 59,045 Adjustment to remeasurement of liabilities 1,590 87 152 Payments under tax receivable agreement (1,715) (4,585) (152) Ending balance $ 82,884 $ 62,318 $ 65,816 The future payments on the Company’s tax receivable agreement liabilities as of December 31, 2021 are expected to be (in thousands): 2022 $ 7,362 2023 4,835 2024 4,902 2025 5,003 2026 5,119 Thereafter 55,663 Total $ 82,884

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Schedule of Product Categories as Percent of Sales	The following tables present summarized product information as a percent of sales: Year ended December 31, 2021 2020 2019 Figures 77.6 % 77.2 % 80.8 % Other 22.4 % 22.8 % 19.2 % Year ended December 31, 2021 2020 2019 Pop! Branded Products 74.5 % 76.2 % 78.6 % Loungefly Branded Products 13.7 % 13.0 % 9.1 % Other 11.8 % 10.8 % 12.3 %
Schedule of Net Sales and Long-Lived Assets	The following tables present summarized geographical information (in thousands): Year ended December 31, 2021 2020 2019 Net sales: United States $ 743,846 $ 488,823 $ 523,897 Europe 214,732 111,997 198,203 Other International 70,715 51,717 73,022 Total net sales $ 1,029,293 $ 652,537 $ 795,122 December 31, 2021 2020 Long-lived assets: United States $ 81,022 $ 72,813 Vietnam and China 16,701 16,144 United Kingdom 26,500 29,998 Total long-lived assets $ 124,223 $ 118,955

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity [Abstract]
Schedule of Stock Option Activity	A summary of stock option activity for the year ended December 31, 2021 is as follows: Funko, Inc. Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2020 2,905 $ 13.05 $ 4,069 8.05 Granted 821 19.82 — Exercised (268) 14.12 2,543 Forfeited (216) 15.20 812 Outstanding at December 31, 2021 3,242 14.54 15,973 7.61 Options exercisable at December 31, 2021 1,760 $ 13.48 $ 10,152 6.81 A summary of FAH, LLC stock option activity for the year ended December 31, 2021 is as follows: FAH, LLC Stock Weighted Aggregate Remaining (in thousands) (in thousands) (years) Outstanding at December 31, 2020 228 0.05 2,437 2.41 Outstanding at December 31, 2021 228 $ 0.05 $ 4,278 1.41 Options exercisable at December 31, 2021 228 $ 0.05 $ 4,278 1.41
Schedule of Restricted Stock Unit Activity	A summary of restricted stock unit activity for the year ended December 31, 2021 is as follows: Funko, Inc. Weighted Average Remaining (in thousands) (years) Unvested at December 31, 2020 1,868 $ 12.58 2.37 Granted 638 16.41 Vested (284) 9.43 Forfeited (81) 11.29 Unvested at December 31, 2021 2,141 $ 14.18 2.22
Schedule of Unvested Common Unit Activity	The following table presents information on stock option exercises (in thousands): Year ended December 31, 2021 2020 2019 Cash received for exercise price $ 3,794 $ 219 $ 2,217 Intrinsic value 2,543 957 3,404
Schedule of Option Pricing Model Inputs	For each of the options granted under the 2017 Plan and 2019 Plan, the following were the weighted-average of the option pricing model inputs: Year ended December 31, 2021 2020 2019 Expected term (years) 6.06 6.05 6.07 Expected volatility 48.6 % 45.6 % 38.7 % Risk-free interest rate 1.0 % 0.5 % 2.4 % Dividend yield — % — % — %

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Reconciliations of Numerators and Denominators Used to Compute Basic and Diluted Earnings Per Share	The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock: Year Ended December 31, 2021 Year Ended December 31, 2020 Year Ended December 31, 2019 (in thousands, except per share data) Numerator: Net income $ 67,854 $ 9,763 $ 27,820 Less: net income attributable to non-controlling interests 23,954 5,802 16,095 Net income attributable to Funko, Inc. — basic $ 43,900 $ 3,961 $ 11,725 Add : Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock — — — Net income attributable to Funko, Inc. — diluted $ 43,900 $ 3,961 $ 11,725 Denominator: Weighted-average shares of Class A common stock outstanding 38,392,390 35,270,795 30,897,569 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock 227,500 304,327 1,064,145 Add: Dilutive Funko, Inc. equity compensation awards 1,990,728 194,891 964,059 Weighted-average shares of Class A common stock outstanding 40,610,618 35,770,013 32,925,773 Earnings per share of Class A common stock — basic $ 1.14 $ 0.11 $ 0.38 Earnings per share of Class A common stock — diluted $ 1.08 $ 0.11 $ 0.36

Schedule I_ Condensed Financi_2

Schedule I: Condensed Financial Information of Registrant (Tables)	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]
Schedule of Condensed Financial Statements	Year Ended December 31, 2021 2020 2019 (in thousands) Intercompany revenue $ 82 $ 307 $ 739 Selling, general, and administrative expenses 13,163 10,269 11,211 Total operating expenses 13,163 10,269 11,211 Loss from operations (13,081) (9,962) (10,472) Interest (expense) income, net 3 (36) — Tax receivable agreement liability adjustment (1,590) (87) (152) Equity in net income of subsidiaries 72,916 13,674 24,525 Income before income taxes 58,248 3,589 13,901 Income tax expense (benefit) 14,348 (372) 2,176 Net income $ 43,900 $ 3,961 $ 11,725 Year Ended December 31, 2021 2020 2019 (in thousands) Net income $ 43,900 $ 3,961 $ 11,725 Other comprehensive income: Foreign currency translation (loss) gain, net of tax effect of $163, $(274) and $(282) for the years ended December 31, 2021, 2020 and 2019, respectively (544) 927 958 Reclassification of foreign currency translation gain into net income $ (96) $ — $ — Comprehensive income attributable to $ 43,260 $ 4,888 $ 12,683 December 31, 2021 2020 (in thousands, except per share data) Assets Current assets: Cash and cash equivalents $ 61,943 $ 34,568 Income tax receivable — 294 Total current assets 61,943 34,862 Intercompany receivable 116,746 117,995 Deferred tax asset 74,464 54,734 Investment in subsidiaries 166,054 97,523 Total assets $ 419,207 $ 305,114 Liabilities and Stockholders' Equity Current liabilities: Tax payable $ 14,684 $ — Current portion of liabilities under tax receivable agreement 7,362 2,020 Accrued expenses and other current liabilities — 40 Total current liabilities 22,046 2,060 Liabilities under tax receivable agreement, net of current portion 75,523 60,297 Other long-term liabilities — 490 Commitments and contingencies Stockholders' equity: Class A common stock, par value $0.0001 per share, 200,000 shares authorized; 40,088 shares and 35,657 shares issued and outstanding as of December 31, 2021 and 2020, respectively 4 4 Class B common stock, par value $0.0001 per share, 50,000 shares authorized; 10,691 shares and 14,040 shares issued and outstanding as of December 31, 2021 and 2020, respectively 1 1 Additional paid-in-capital 252,505 216,141 Accumulated other comprehensive income 1,078 1,718 Retained earnings 68,050 24,403 Total stockholders' equity 321,638 242,267 Total liabilities and stockholders' equity $ 419,207 $ 305,114 Year Ended December 31, 2021 2020 2019 (in thousands) Operating Activities Net income $ 43,900 $ 3,961 $ 11,725 Adjustments to reconcile net income to net cash provided by Equity in net income of subsidiaries (72,916) (13,674) (24,525) Equity-based compensation 12,994 10,007 10,827 Deferred tax expense (benefit) (203) 2,792 (2,518) Tax receivable liability adjustment 1,590 87 152 Changes in operating assets and liabilities: Income tax receivable 294 3,521 (3,816) Due from related parties, net 1,351 26,007 (19,182) Prepaid expenses and other assets — — (2,336) Income taxes payable 14,684 — (3,497) Accrued expenses and other liabilities (571) 304 1,985 Net cash provided by (used in) operating activities 1,123 33,005 (31,185) Financing Activities Tax distribution received from FAH, LLC 24,173 5,825 29,502 Tax receivable agreement payments (1,715) (4,639) (173) Proceeds from exercise of equity-based options 3,794 41 2,148 Net cash provided by financing activities 26,252 1,227 31,477 Net increase in cash and cash equivalents 27,375 34,232 292 Cash and cash equivalents at beginning of period 34,568 336 44 Cash and cash equivalents at end of period $ 61,943 $ 34,568 $ 336 Supplemental Cash Flow Information Income tax payments $ 23 $ 2,116 $ 11,969 Establishment of liabilities under tax receivable agreement 20,691 1,000 59,045 Issuance of equity instruments for acquisitions — — 2,221

Basis of Presentation and Des_2

Basis of Presentation and Description of Business - Additional Information (Detail) - Funko Holdings LLC - Funko Acquisition Holdings, L.L.C.	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage	100.00%
Funko LLC
Organization, Consolidation and Presentation of Financial Statements Disclosure [Line Items]
Ownership percentage	100.00%

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Significant Accounting Policies [Line Items]
Cash equivalents, receivables settlement term	5 days
Cash receivables	$ 1,500,000	$ 900,000
Inventory valuation reserves	4,700,000	8,600,000
Inventory write-down			$ 16,800,000
Prepaid royalties, net	4,746,000	6,260,000
Prepaid royalties, reserve for unrealized revenue	700,000	1,000,000
Royalty expense	162,000,000	105,000,000	126,800,000
Selling, general, and administrative expenses	244,331,000	181,234,000	193,803,000
Foreign currency transaction gain (loss)	0	(400,000)	700,000
Advertising and Marketing Costs
Significant Accounting Policies [Line Items]
Selling, general, and administrative expenses	17,100,000	7,700,000	11,300,000
Product Design and Development Cost
Significant Accounting Policies [Line Items]
Selling, general, and administrative expenses	$ 6,800,000	$ 5,100,000	$ 5,200,000
Credit Concentration Risk | Accounts Receivable | Largest Customer
Significant Accounting Policies [Line Items]
Concentration risk percentage	18.00%	11.00%
Revenue from Rights Concentration Risk | Revenue, Rights Granted | License Agreements One
Significant Accounting Policies [Line Items]
Concentration risk percentage	13.00%	12.00%	13.00%
Revenue from Rights Concentration Risk | Revenue, Rights Granted | License Agreements Two
Significant Accounting Policies [Line Items]
Concentration risk percentage	13.00%	11.00%	11.00%
Revenue from Rights Concentration Risk | Revenue, Rights Granted | License Agreement Three
Significant Accounting Policies [Line Items]
Concentration risk percentage			11.00%
Revenue from Rights Concentration Risk | Revenue, Rights Granted | Two License Agreements
Significant Accounting Policies [Line Items]
Concentration risk percentage	26.00%

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of Estimated Useful Lives of Property and Equipment (Detail)	12 Months Ended
	Dec. 31, 2021
Tooling and molds
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	2 years
Minimum | Furniture, fixtures, and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	2 years
Minimum | Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	3 years
Maximum | Furniture, fixtures, and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	7 years
Maximum | Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives (in years)	5 years

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Forrest-Pruzan Creative LLC $ in Millions	Feb. 11, 2019USD ($)
Business Acquisition [Line Items]
Percentage of voting interests acquired	100.00%
Total transaction price	$ 11.9
Consideration transferred	11.6
Noncompete Agreements
Business Acquisition [Line Items]
Consideration transferred	$ 0.3

Acquisitions - Schedule of Purc

Acquisitions - Schedule of Purchase Price Consideration (Detail) - Forrest-Pruzan Creative LLC $ in Thousands	Feb. 11, 2019USD ($)
Business Acquisition [Line Items]
Total transaction price	$ 11,900
Funko Acquisition Holdings, L.L.C.
Business Acquisition [Line Items]
Cash paid	6,500
Cash holdback	1,400
Fair value of cash consideration due February 11, 2021	1,815
Total transaction price	11,936
Less: Noncompetition agreements	(290)
Consideration transferred	11,646
Funko Acquisition Holdings, L.L.C. | Class A Common Stock
Business Acquisition [Line Items]
Fair value of class A common stock issued	$ 2,221

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021USD ($)unit	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Number of reporting units | unit	1
Impairment charges	$ 0	$ 0	$ 0
Impairment of intangible assets indefinite-lived	100,000
Intangible assets impairment charge	0	0	0
Amortization expense	$ 16,200,000	$ 16,000,000	$ 15,900,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill, Beginning balance	$ 125,061	$ 124,835
Foreign currency remeasurement	(72)	226
Acquisition	1,662
Goodwill, Ending balance	$ 126,651	$ 125,061

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Identified Intangible Assets by Major Class (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 282,276	$ 282,142
Accumulated Amortization	(92,743)	(76,601)
Intangible Assets, Net	189,533	205,541
Intellectual property
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	115,331	115,131
Accumulated Amortization	(36,060)	(30,008)
Intangible Assets, Net	79,271	85,123
Trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	83,358	83,359
Accumulated Amortization	(25,985)	(21,717)
Intangible Assets, Net	57,373	61,642
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	71,699	71,736
Accumulated Amortization	(24,912)	(20,301)
Intangible Assets, Net	46,787	51,435
Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	11,276	11,301
Accumulated Amortization	(5,186)	(4,068)
Intangible Assets, Net	$ 6,090	7,233
Supplier relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	2 years
Gross Carrying Amount	$ 322	325
Accumulated Amortization	(322)	(325)
Intangible Assets, Net	$ 0	0
Noncompetition agreements
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Gross Carrying Amount	$ 290	290
Accumulated Amortization	(278)	(182)
Intangible Assets, Net	$ 12	$ 108
Minimum | Intellectual property
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Minimum | Trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	10 years
Minimum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	3 years
Minimum | Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	10 years
Maximum | Intellectual property
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Trade names
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years
Maximum | Licensor relationships
Finite-Lived Intangible Assets [Line Items]
Estimated Useful Life (Years)	20 years

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Future Five Year Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortization
2022	$ 15,107
2023	14,893
2024	14,873
2025	14,873
2026	14,815
Thereafter	114,972
Intangible Assets, Net	$ 189,533	$ 205,541

Accounts Receivable, Net - Addi

Accounts Receivable, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Tenant improvement receivable from lessor	$ 0.8	$ 0.8
Income taxes receivable, current	0.3
Bad debt expense	$ 0.9	$ 2.4	$ 1.1
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period past due for trade accounts receivable	30 days
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Period past due for trade accounts receivable	90 days

Accounts Receivable, Net - Sche

Accounts Receivable, Net - Schedule of Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Accounts receivable	$ 190,844	$ 135,417
Less: Allowance for doubtful accounts	(3,156)	(3,580)	$ (2,354)
Accounts receivable, net	$ 187,688	$ 131,837

Accounts Receivable, Net - Sc_2

Accounts Receivable, Net - Schedule of Activity in Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Allowance For Doubtful Accounts [Roll Forward]
Allowance for doubtful accounts - beginning	$ 3,580	$ 2,354
Charged to costs	895	2,396
Write offs	(1,319)	(1,170)
Allowance for doubtful accounts - ending	$ 3,156	$ 3,580

Prepaid Expenses and Other Cu_3

Prepaid Expenses and Other Current Assets - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid deposits for inventory and molds	$ 1,111	$ 1,373
Prepaid royalties, net	4,746	6,260
Other prepaid expenses and current assets	9,068	7,853
Prepaid expenses and other current assets	$ 14,925	$ 15,486

Property and Equipment, Net - S

Property and Equipment, Net - Schedule of Property and Equipment, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 196,405	$ 168,828
Less: Accumulated depreciation	(137,577)	(112,687)
Property and equipment, net	58,828	56,141
Tooling and molds
Property, Plant and Equipment [Line Items]
Property and equipment, gross	119,915	102,865
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	44,112	42,573
Computer equipment, software and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	13,007	11,310
Furniture, fixtures and warehouse equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	12,177	11,762
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,194	$ 318

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 25	$ 28.3	$ 26.2

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accrued Liabilities And Other Current Liabilities [Abstract]
Accrued payroll and compensation	$ 23,439	$ 13,338
Accrued shipping & freight costs	42,649	4,733
Accrued sales taxes	1,978	757
Current liabilities under tax receivable agreement	7,362	2,020
Other current liabilities	45,839	23,101
Accrued liabilities and other current liabilities	$ 121,267	$ 43,949

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 56.9	$ 34.5
Funko Acquisition Holdings, L.L.C. | Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair values of debt instruments	175.5	193.9
Term Loan Facility	$ 173.2	$ 190.8

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Debt issuance costs	$ (2,287)	$ (3,105)
Total term debt	173,213	190,770
Less: current portion	17,395	10,758
Long-term debt, net	155,818	180,012
Term Loan Facility
Debt Instrument [Line Items]
Term Loan Facility	$ 175,500	$ 193,875

Debt - Schedule of Maturities o

Debt - Schedule of Maturities of Long-term Debt (Detail) $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure [Abstract]
2022	$ 18,000
2023	18,000
2024	18,000
2025	18,000
2026	103,500
Total	$ 175,500

Debt - Former and New Credit Fa

Debt - Former and New Credit Facilities - Additional Information (Detail) - USD ($)	Sep. 17, 2021	Sep. 23, 2019	Oct. 22, 2018	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Feb. 11, 2019
Debt Instrument [Line Items]
Interest rate decrease		0.75%
Gain (loss) on extinguishment of debt					$ (675,000)	$ 0	$ 0
Long-term debt					173,213,000	190,770,000
SONIA Rate
Debt Instrument [Line Items]
Interest rate margins	2.50%
Prime Rate
Debt Instrument [Line Items]
Interest rate margins	1.50%
Supplementary leverage ratio	0.25%
Interest rate	0.00%
Interest rate of borrowings	0.00%
Letters of Credit
Debt Instrument [Line Items]
Line of credit					0	0
Secured Debt
Debt Instrument [Line Items]
Face amount	$ 180,000,000		$ 235,000,000
Debt instrument accordion feature		$ 25,000,000
Long term debt maturity percentage first and second year	2.50%		5.00%
Long term debt maturity percentage third and fourth year			10.00%
Long term debt maturities percentage fifth year			12.50%
Repayments of long-term debt				$ 180,100,000
Gain (loss) on extinguishment of debt				$ 700,000
Secured Debt | Swing Rate
Debt Instrument [Line Items]
Interest rate margins		3.00%
Supplementary leverage ratio		0.25%
Secured Debt | Base Rate
Debt Instrument [Line Items]
Interest rate margins		2.00%
Secured Debt | Euro Rate
Debt Instrument [Line Items]
Interest rate		1.00%
Interest rate of borrowings		1.00%
Secured Debt | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit			$ 50,000,000
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit	$ 100,000,000							$ 75,000,000
Line of credit					0
Line of credit facility, available borrowing capacity					$ 100,000,000	$ 75,000,000

Leases (Details)

Leases (Details) ft² in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)ft²	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating leases, renewal term	5 years
Rent expense	$ 16,500,000	$ 15,300,000	$ 14,900,000
Operating lease, payments	14,400,000	11,600,000
Right-of-use asset obtained in exchange for operating lease liability	4,000,000	5,800,000
Lease incentive	$ 0	$ 300,000
Weighted average remaining lease term	7 years	7 years 3 months 18 days
Weighted average discount rate, percent	6.22%	6.28%
Operating lease, impairment loss		$ 1,400,000
Operating lease, liability, period decrease		900,000
Rental income	$ 300,000	$ 300,000
Land subject to leases | ft²	862
Minimum rental expense for 2022	$ 1,500,000
Minimum rental expense for 2023	4,600,000
Minimum rental expense for 2024	4,700,000
Minimum rental expense for 2025	4,800,000
Minimum rental expense for 2026	4,900,000
Minimum rental expense for thereafter	$ 31,200,000

Leases - Summary of Future Paym

Leases - Summary of Future Payments On Operating Lease Liabilities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 15,445
2023	12,582
2024	12,013
2025	10,504
2026	9,303
Thereafter	20,489
Total lease payments	80,336
Less: imputed interest	(14,918)
Total	$ 65,418

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Domestic	$ 72,758	$ 4,149	$ 21,414
Foreign	12,157	7,639	10,882
Income before income taxes	$ 84,915	$ 11,788	$ 32,296

Income Taxes - Schedule of In_2

Income Taxes - Schedule of Income Tax Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current income taxes:
Federal	$ 12,894	$ (3,030)	$ 4,216
State and local	1,825	59	601
Foreign	2,703	1,673	1,952
Current income taxes	17,422	(1,298)	6,769
Deferred income taxes:
Federal	(185)	2,585	(2,333)
State and local	(18)	206	(185)
Foreign	(158)	532	225
Deferred income taxes	(361)	3,323	(2,293)
Income tax expense	$ 17,061	$ 2,025	$ 4,476

Income Taxes - Schedule of Reco

Income Taxes - Schedule of Reconciliation of Income Tax Expense from Operations Computed at U.S. Federal Statutory Income Tax Rate to Effective Income Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Expected U.S. federal income taxes at statutory rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal benefit	1.70%	2.50%	1.00%
Foreign taxes	2.50%	18.70%	5.90%
Foreign tax credit	0.00%	(9.30%)	0.00%
Non-deductible expenses	(1.10%)	1.60%	(0.80%)
Change in valuation allowance	2.30%	5.40%	4.90%
Non-controlling interest	(6.00%)	(12.70%)	(10.80%)
Share-based Compensation	0.10%	5.10%	(2.60%)
Return to Provision	1.50%	(15.10%)	(3.00%)
Other, net	(1.90%)	0.00%	(1.70%)
Income tax expense	20.10%	17.20%	13.90%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Investment in partnership	$ 64,335	$ 46,582
Tax Receivable Agreement liability	19,105	14,087
Stock-based compensation	6,197	4,195
Foreign Tax Credit	0	1,090
Other carryforwards	0	898
Net operating loss carryforward	0	756
Gross deferred tax assets	89,637	67,608
Valuation allowance	(14,829)	(12,367)
Deferred tax assets, net of valuation allowance	74,808	55,241
Deferred tax liabilities:
Property and equipment	(701)	(833)
Other	(343)	(506)
Gross deferred tax liabilities	(1,044)	(1,339)
Net deferred tax assets	$ 73,764	$ 53,902

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Investment in partnership	$ 64,335	$ 46,582
Deferred tax assets, valuation allowance	14,829	12,367
Unrecognized tax benefits	$ 0	490	$ 490	$ 490
Unrecognized tax benefits that would impact effective tax rate		$ 200	$ 200

Income Taxes - Schedule of Unre

Income Taxes - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits at January 1	$ 490	$ 490	$ 490
Decreases for positions taken in current year	(490)	0	0
Unrecognized tax benefits at December 31	$ 0	$ 490	$ 490

Liabilities under Tax Receiva_3

Liabilities under Tax Receivable Agreement (Details) - USD ($) shares in Millions, $ in Millions	Nov. 01, 2017	Dec. 31, 2021	Dec. 31, 2020
Income Tax Contingency [Line Items]
Percentage of tax benefits required to pay under the tax receivable agreement	85.00%	85.00%
Tax benefit percentage expected	15.00%
FAH LLC
Income Tax Contingency [Line Items]
Equity issued in connection with acquisition prior to Transactions (in shares)		3.9	0.5
Increase in net deferred tax assets		$ 17.2	$ 0.5

Liabilities under Tax Receiva_4

Liabilities under Tax Receivable Agreement - Schedule of Liability Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Liabilities Under Tax Receivable Agreement [Roll Forward]
Beginning Balance	$ 62,318	$ 65,816	$ 6,771
Establishment of liabilities under tax receivable agreement	20,691	1,000	59,045
Adjustment to remeasurement of liabilities	1,590	87	152
Payments under tax receivable agreement	(1,715)	(4,585)	(152)
Ending balance	$ 82,884	$ 62,318	$ 65,816

Liabilities under Tax Receiva_5

Liabilities under Tax Receivable Agreement - Schedule of Tax Receivable Agreement Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
2022	$ 7,362
2023	4,835
2024	4,902
2025	5,003
2026	5,119
Thereafter	55,663
Total	$ 82,884	$ 62,318	$ 65,816	$ 6,771

Commitments and Contingencies -

Commitments and Contingencies - Additional information (Detail) $ in Millions	Sep. 08, 2020lawsuit	Jul. 06, 2020lawsuit	Apr. 09, 2020lawsuit	Jul. 02, 2018lawsuit	Jul. 31, 2020lawsuit	Jun. 12, 2018lawsuit	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Minimum royalty obligations, Total | $							$ 11.2
Minimum royalty obligations, 2022 | $							5.3
Minimum royalty obligations, 2023 | $							4.3
Minimum royalty obligations, 2024 | $							$ 1.7
Severance payment period							1 year
Operating leases, renewal term							5 years
Nahas v. Funko, Inc. et al. and Dachev v. Funko, Inc. et al.
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed			2
In re Funko, Inc. Derivative Litigation
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed		1
Rubin V Mariotti Et Al And Fletcher V Mariotti Et Al
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed	1				2
King County V Fundamental
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed						7
Berkelhammer v. Funko, inc. et. al.
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed				1
Funko Acquisition Holdings, L.L.C.
Lessee, Lease, Description [Line Items]
Operating leases, renewal term							5 years

Segments - Additional Informati

Segments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segments - Schedule of Product

Segments - Schedule of Product Categories as Percent of Net Sales (Detail) - Sales Revenue - Product Concentration Risk	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Figures
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	77.60%	77.20%	80.80%
Other
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	22.40%	22.80%	19.20%
Pop! Branded Products
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	74.50%	76.20%	78.60%
Loungefly Branded Products
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	13.70%	13.00%	9.10%
Other
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	11.80%	10.80%	12.30%

Segments - Schedule of Net Sale

Segments - Schedule of Net Sales and Long-Lived Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales	$ 1,029,293	$ 652,537	$ 795,122
Long-lived assets	124,223	118,955
United States
Segment Reporting Information [Line Items]
Net sales	743,846	488,823	523,897
Long-lived assets	81,022	72,813
Europe
Segment Reporting Information [Line Items]
Net sales	214,732	111,997	198,203
Other International
Segment Reporting Information [Line Items]
Net sales	70,715	51,717	$ 73,022
Vietnam and China
Segment Reporting Information [Line Items]
Long-lived assets	16,701	16,144
United Kingdom
Segment Reporting Information [Line Items]
Long-lived assets	$ 26,500	$ 29,998

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2019lease	Dec. 31, 2021USD ($)investor	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Related Party Transaction [Line Items]
Rent expense		$ 16.5	$ 15.3	$ 14.9
Forrest-Pruzan Creative LLC
Related Party Transaction [Line Items]
Number of leases of office space | lease	2
Rent expense		$ 0.3	0.2
Funko Acquisition Holdings, L.L.C. | Forbidden Planet
Related Party Transaction [Line Items]
Number of investor | investor		1
Related party, net sales		$ 0.8	2	$ 2.3
Related party, accounts receivable		$ 0.4	$ 0.5

Employee Benefit Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Retirement Benefits [Abstract]
Maximum Percentage of employee earnings the employer contributes as a matching contribution in 401(k) plan	4.00%
Employer matching contributions, amount	$ 1.8	$ 1.5	$ 1.6

Stockholder's Equity - Addition

Stockholder's Equity - Additional Information (Detail) $ / shares in Units, $ in Millions	Apr. 18, 2019shares	Nov. 01, 2017vote$ / sharesshares	Oct. 23, 2017shares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / shares
Class of Stock [Line Items]
Shares authorized, annual increase, percent	2.00%
Award vesting period				4 years
Contractual terms				10 years
Options granted, weighted average grant date fair value (in dollars per share) | $ / shares				$ 9.26	$ 1.90	$ 8.35
Equity-based compensation | $				$ 13	$ 10.1	$ 13
Unrecognized equity-based compensation expense | $				$ 24
Equity-based compensation costs not yet recognized, remaining weighted average period				2 years 4 months 24 days
2017 Plan
Class of Stock [Line Items]
Options granted (in shares)				821,000
Common stock, shares reserved for future issuance (in shares)				736,917
2019 Plan
Class of Stock [Line Items]
Common stock, shares reserved for future issuance (in shares)				1,077,464
Funko Acquisition Holdings, L.L.C.
Class of Stock [Line Items]
Equity-based compensation | $				$ 13	$ 10	$ 10.8
Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)		20,000,000
Preferred stock, par value (in dollars per share) | $ / shares		$ 0.0001
IPO | Funko Acquisition Holdings, L.L.C.
Class of Stock [Line Items]
Unvested common units to purchase profit interests converted to units (in shares)				1,901,327	0
IPO | Funko Acquisition Holdings, L.L.C. | Class A Units
Class of Stock [Line Items]
Options to purchase units converted to common units (in shares)				555,867,000
Class A Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)				200,000,000	200,000,000
Common stock, par value (in dollars per share) | $ / shares				$ 0.0001	$ 0.0001
Number of vote per share | vote		1
Equity-based compensation costs not yet recognized, remaining weighted average period				2 years 7 months 6 days
Unrecognized equity-based compensation expense related to options to purchase units | $				$ 9.1
Class A Common Stock | Restricted Stock Unit Activity
Class of Stock [Line Items]
Equity-based compensation costs not yet recognized, remaining weighted average period				2 years 2 months 12 days
Unrecognized equity-based compensation expense related to unvested common units and restricted stock units | $				$ 15
Class A Common Stock | 2017 Plan
Class of Stock [Line Items]
Common stock reserved for issuance (in shares)			5,518,518
Class A Common Stock | 2019 Plan
Class of Stock [Line Items]
Common stock reserved for issuance (in shares)	3,000,000
Class A Common Stock | Funko Acquisition Holdings, L.L.C. | Class A Units
Class of Stock [Line Items]
Former equity owners indirect ownership interests exchanged for common units (in shares)		12,921,039
Class A Common Stock | Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		200,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001
Class A Common Stock | IPO
Class of Stock [Line Items]
Options granted (in shares)			1,028,500
Class B Common Stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)				50,000,000	50,000,000
Common stock, par value (in dollars per share) | $ / shares				$ 0.0001	$ 0.0001
Number of vote per share | vote		1
Class B Common Stock | Amended and Restated Certificate of Incorporation
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		50,000,000
Common stock, par value (in dollars per share) | $ / shares		$ 0.0001

Stockholder's Equity - Schedule

Stockholder's Equity - Schedule of Stock Option Activity (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Funko Acquisition Holdings, L.L.C.
Funko, Inc. Stock Options
Stock Options, Outstanding (in shares)	228
Stock Options, Outstanding (in shares)	228	228
Stock Options, Options exercisable (in shares)	228
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 0.05
Weighted Average Exercise Price, Outstanding (in dollars per share)	0.05	$ 0.05
Weighted Average Exercise Options exercisable (in dollars per share)	$ 0.05
Aggregate Intrinsic Value, Outstanding	$ 2,437
Aggregate Intrinsic Value, Outstanding	4,278	$ 2,437
Aggregate Intrinsic Value, Options exercisable	$ 4,278
Remaining Contractual Life, Outstanding	1 year 4 months 28 days	2 years 4 months 28 days
Remaining Contractual Life, Options exercisable	1 year 4 months 28 days
2017 Plan
Funko, Inc. Stock Options
Stock Options, Outstanding (in shares)	2,905
Stock Options, Granted (in shares)	821
Stock Options, Exercised (in shares)	(268)
Stock Options, Forfeited (in shares)	(216)
Stock Options, Outstanding (in shares)	3,242	2,905
Stock Options, Options exercisable (in shares)	1,760
Weighted Average Exercise Price
Weighted Average Exercise Price, Outstanding (in dollars per share)	$ 13.05
Weighted Average Exercise Price, Granted (in dollars per share)	19.82
Weighted Average Exercise Price, Exercised (in dollars per share)	14.12
Weighted Average Exercise Price, Forfeited (in dollars per share)	15.20
Weighted Average Exercise Price, Outstanding (in dollars per share)	14.54	$ 13.05
Weighted Average Exercise Options exercisable (in dollars per share)	$ 13.48
Aggregate Intrinsic Value, Outstanding	$ 4,069
Aggregate Intrinsic Value, Granted	0
Intrinsic value	2,543
Aggregate Intrinsic Value, Forfeited	812
Aggregate Intrinsic Value, Outstanding	15,973	$ 4,069
Aggregate Intrinsic Value, Options exercisable	$ 10,152
Remaining Contractual Life, Outstanding	7 years 7 months 9 days	8 years 18 days
Remaining Contractual Life, Options exercisable	6 years 9 months 21 days

Stockholder's Equity - Schedu_2

Stockholder's Equity - Schedule of Restricted Stock Unit Activity (Detail) - 2017 Plan - Restricted Stock Unit Activity - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Funko, Inc. Restricted Stock Units
Restricted Stock Units and Common Units, Unvested (in shares)	1,868
Granted (in shares)	638
Vested (in shares)	(284)
Forfeited (in shares)	(81)
Restricted Stock Units and Common Units, Unvested (in shares)	2,141	1,868
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Unvested (in dollars per share)	$ 12.58
Granted (in dollars per share)	16.41
Vested (in dollars per share)	9.43
Forfeited (in dollars per share)	11.29
Weighted Average Grant Date Fair Value, Unvested (in dollars per share)	$ 14.18	$ 12.58
Remaining Contractual Life, Outstanding	2 years 2 months 19 days	2 years 4 months 13 days

Stockholder's Equity - Schedu_3

Stockholder's Equity - Schedule of Stock Option Exercises Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Equity [Abstract]
Cash received for exercise price	$ 3,794	$ 219	$ 2,217
Intrinsic value	$ 2,543	$ 957	$ 3,404

Stockholder's Equity - Schedu_4

Stockholder's Equity - Schedule of Option Pricing Model Inputs (Detail) - 2017 Plan and 2019 Plan	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Class of Stock [Line Items]
Expected term (years)	6 years 21 days	6 years 18 days	6 years 25 days
Expected volatility	48.60%	45.60%	38.70%
Risk-free interest rate	1.00%	0.50%	2.40%
Dividend yield	0.00%	0.00%	0.00%

Non-controlling Interests - Add

Non-controlling Interests - Additional Information (Detail) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Noncontrolling Interest [Line Items]
Equity-based compensation	$ 13,000	$ 10,100	$ 13,000
Income tax expense (benefit)	$ 17,061	$ 2,025	$ 4,476
Class A Common Stock
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	40,088	35,657
Funko Acquisition Holdings, L.L.C.
Noncontrolling Interest [Line Items]
Ownership percentage	77.30%	69.50%	68.70%
Equity-based compensation	$ 13,000	$ 10,000	$ 10,800
Income tax expense (benefit)	$ 14,300	$ (400)	$ 2,200
Funko Acquisition Holdings, L.L.C. | Class A Common Stock
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	40,100	35,700	34,900

Earnings per Share - Schedule o

Earnings per Share - Schedule of Reconciliations of Numerators and Denominators Used to Compute Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Numerator:
Net income	$ 67,854	$ 9,763	$ 27,820
Less: net income attributable to non-controlling interests	23,954	5,802	16,095
Net income attributable to Funko, Inc.	43,900	3,961	11,725
Add: Reallocation of net income attributable to non- controlling interests from the assumed exchange of common units of FAH, LLC for Class A common stock	0	0	0
Net income attributable to Funko, Inc. — diluted	$ 43,900	$ 3,961	$ 11,725
Denominator:
Weighted-average shares of Class A common stock outstanding — basic (in shares)	38,392,390	35,270,795	30,897,569
Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock (in shares)	1,990,728	194,891	964,059
Weighted-average shares of Class A common stock outstanding — diluted (in shares)	40,610,618	35,770,013	32,925,773
Earnings per share of Class A common stock — basic (in dollars per share)	$ 1.14	$ 0.11	$ 0.38
Earnings per share of Class A common stock — diluted (in dollars per share)	$ 1.08	$ 0.11	$ 0.36
Funko Acquisition Holdings, L.L.C.
Denominator:
Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock (in shares)	227,500	304,327	1,064,145

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - Class A Common Stock - shares shares in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from weighted-average in computation of diluted earnings per share, in shares	14.7	19.7	20.1
Funko Acquisition Holdings, L.L.C.
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Anti-dilutive shares excluded from weighted-average in computation of diluted earnings per share, in shares	13.2	15.8	19.1

Schedule I_ Condensed Financi_3

Schedule I: Condensed Financial Information of Registrant - CONDENSED STATEMENTS OF INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Intercompany revenue	$ 1,029,293	$ 652,537	$ 795,122
Selling, general, and administrative expenses	244,331	181,234	193,803
Total operating expenses	933,828	628,994	748,509
Income from operations	95,465	23,543	46,613
Interest expense, net	7,167	10,712	14,342
Tax receivable agreement liability adjustment	1,590	87	152
Income before income taxes	84,915	11,788	32,296
Income tax expense (benefit)	17,061	2,025	4,476
Net income	67,854	9,763	27,820
Parent Company
Segment Reporting Information [Line Items]
Intercompany revenue	82	307	739
Selling, general, and administrative expenses	13,163	10,269	11,211
Total operating expenses	13,163	10,269	11,211
Income from operations	(13,081)	(9,962)	(10,472)
Interest expense, net	3	(36)	0
Tax receivable agreement liability adjustment	(1,590)	(87)	(152)
Equity in net income of subsidiaries	72,916	13,674	24,525
Income before income taxes	58,248	3,589	13,901
Income tax expense (benefit)	14,348	(372)	2,176
Net income	$ 43,900	$ 3,961	$ 11,725

Schedule I_ Condensed Financi_4

Schedule I: Condensed Financial Information of Registrant - CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net income	$ 67,854	$ 9,763	$ 27,820
Other comprehensive income:
Comprehensive income attributable to Funko, Inc.	43,260	4,888	12,683
Foreign currency translation gain (loss), tax	163	(274)	(282)
Parent Company
Segment Reporting Information [Line Items]
Net income	43,900	3,961	11,725
Other comprehensive income:
Foreign currency translation (loss) gain, net of tax effect of $163, $(274) and $(282) for the years ended December 31, 2021, 2020 and 2019, respectively	(544)	927	958
Reclassification of foreign currency translation gain into net income	(96)	0	0
Comprehensive income attributable to Funko, Inc.	43,260	4,888	12,683
Foreign currency translation gain (loss), tax	$ 163	$ (274)	$ (282)

Schedule I_ Condensed Financi_5

Schedule I: Condensed Financial Information of Registrant - CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Foreign currency translation gain (loss), tax	$ 163	$ (274)	$ (282)
Parent Company
Segment Reporting Information [Line Items]
Foreign currency translation gain (loss), tax	$ 163	$ (274)	$ (282)

Schedule I_ Condensed Financi_6

Schedule I: Condensed Financial Information of Registrant - CONDENSED BALANCE SHEETS (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 83,557	$ 52,255
Total current assets	452,598	259,351
Deferred tax asset	74,412	54,682
Total assets	967,503	763,590
Current liabilities:
Accrued expenses and other current liabilities	121,267	43,949
Total current liabilities	285,011	138,696
Liabilities under tax receivable agreement, net of current portion	75,523	60,297
Other long-term liabilities	3,486	3,848
Commitments and contingencies
Stockholders' equity:
Additional paid-in-capital	252,505	216,141
Accumulated other comprehensive income	1,078	1,718
Retained earnings	68,050	24,403
Total stockholders' equity	396,558	322,445	$ 305,144	$ 293,254
Total liabilities and stockholders' equity	967,503	763,590
Class A Common Stock
Stockholders' equity:
Common stock, value	$ 4	$ 4
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	40,088,000	35,657,000
Common stock, shares outstanding (in shares)	40,088,000	35,657,000
Class B Common Stock
Stockholders' equity:
Common stock, value	$ 1	$ 1
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	10,691,000	14,040,000
Common stock, shares outstanding (in shares)	10,691,000	14,040,000
Parent Company
Current assets:
Cash and cash equivalents	$ 61,943	$ 34,568
Income tax receivable	0	294
Total current assets	61,943	34,862
Intercompany receivable	116,746	117,995
Deferred tax asset	74,464	54,734
Investment in subsidiaries	166,054	97,523
Total assets	419,207	305,114
Current liabilities:
Tax payable	14,684	0
Current portion of liabilities under tax receivable agreement	7,362	2,020
Accrued expenses and other current liabilities	0	40
Total current liabilities	22,046	2,060
Liabilities under tax receivable agreement, net of current portion	75,523	60,297
Other long-term liabilities	0	490
Commitments and contingencies
Stockholders' equity:
Additional paid-in-capital	252,505	216,141
Accumulated other comprehensive income	1,078	1,718
Retained earnings	68,050	24,403
Total stockholders' equity	321,638	242,267
Total liabilities and stockholders' equity	419,207	305,114
Parent Company | Class A Common Stock
Stockholders' equity:
Common stock, value	$ 4	$ 4
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	40,088,000	35,657,000
Common stock, shares outstanding (in shares)	40,088,000	35,657,000
Parent Company | Class B Common Stock
Stockholders' equity:
Common stock, value	$ 1	$ 1
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	10,691,000	14,040,000
Common stock, shares outstanding (in shares)	10,691,000	14,040,000

Schedule I_ Condensed Financi_7

Schedule I: Condensed Financial Information of Registrant - CONDENSED BALANCE SHEETS (Narrative) (Details) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Class A Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	40,088,000	35,657,000
Common stock, shares issued (in shares)	40,088,000	35,657,000
Class B Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares outstanding (in shares)	10,691,000	14,040,000
Common stock, shares issued (in shares)	10,691,000	14,040,000
Parent Company | Class A Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares outstanding (in shares)	40,088,000	35,657,000
Common stock, shares issued (in shares)	40,088,000	35,657,000
Parent Company | Class B Common Stock
Segment Reporting Information [Line Items]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares outstanding (in shares)	10,691,000	14,040,000
Common stock, shares issued (in shares)	10,691,000	14,040,000

Schedule I_ Condensed Financi_8

Schedule I: Condensed Financial Information of Registrant - CONDENSED STATEMENTS OF CASH FLOWS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Activities
Net income	$ 67,854	$ 9,763	$ 27,820
Adjustments to reconcile net income to net cash provided by operating activities:
Equity-based compensation	12,994	10,116	13,044
Deferred tax expense (benefit)	(361)	3,323	(2,293)
Tax receivable liability adjustment	(1,590)	(87)	(152)
Changes in operating assets and liabilities:
Prepaid expenses and other assets	3,700	12,273	(5,824)
Income taxes payable	15,585	(209)	(3,618)
Accrued expenses and other liabilities	63,586	7,902	(6,356)
Net cash provided by operating activities	87,362	108,739	90,765
Financing Activities
Net cash used in financing activities	(28,628)	(63,338)	(28,340)
Net increase in cash and cash equivalents	31,302	27,026	11,743
Cash and cash equivalents at beginning of period	52,255	25,229	13,486
Cash and cash equivalents at end of period	83,557	52,255	25,229
Supplemental Cash Flow Information
Income tax payments	1,462	4,167	14,125
Establishment of liabilities under tax receivable agreement	20,691	1,000	59,045
Issuance of equity instruments for acquisitions	0	0	2,221
Parent Company
Operating Activities
Net income	43,900	3,961	11,725
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in net income of subsidiaries	(72,916)	(13,674)	(24,525)
Equity-based compensation	12,994	10,007	10,827
Deferred tax expense (benefit)	(203)	2,792	(2,518)
Tax receivable liability adjustment	1,590	87	152
Changes in operating assets and liabilities:
Income tax receivable	294	3,521	(3,816)
Due from related parties, net	1,351	26,007	(19,182)
Prepaid expenses and other assets	0	0	(2,336)
Income taxes payable	14,684	0	(3,497)
Accrued expenses and other liabilities	(571)	304	1,985
Net cash provided by operating activities	1,123	33,005	(31,185)
Financing Activities
Tax distribution received from FAH, LLC	24,173	5,825	29,502
Tax receivable agreement payments	(1,715)	(4,639)	(173)
Proceeds from exercise of equity-based options	3,794	41	2,148
Net cash used in financing activities	26,252	1,227	31,477
Net increase in cash and cash equivalents	27,375	34,232	292
Cash and cash equivalents at beginning of period	34,568	336	44
Cash and cash equivalents at end of period	61,943	34,568	336
Supplemental Cash Flow Information
Income tax payments	23	2,116	11,969
Establishment of liabilities under tax receivable agreement	20,691	1,000	59,045
Issuance of equity instruments for acquisitions	$ 0	$ 0	$ 2,221

Schedule I_ Condensed Financi_9

Schedule I: Condensed Financial Information of Registrant - Additional Information (Details) $ in Thousands	Nov. 01, 2017	Dec. 31, 2021USD ($)subsidiary	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Penalties and interest accrued		$ 82,884	$ 62,318	$ 65,816	$ 6,771
Percentage of tax benefits required to pay under the tax receivable agreement	85.00%	85.00%
Number of wholly owned subsidiaries | subsidiary		3
Parent Company
Segment Reporting Information [Line Items]
Intercompany receivable		$ 116,746	117,995
Penalties and interest accrued		$ 82,900	$ 62,300