Funko (FNKO) 10-Q 4 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 02, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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 per share
Trading Symbol	FNKO
Security Exchange Name	NASDAQ
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
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001704711
Current Fiscal Year End Date	--12-31
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		46,840,654
Class B common shares outstanding
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		3,293,140

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net sales	$ 315,716	$ 236,110	$ 624,059	$ 425,287
Cost of sales (exclusive of depreciation and amortization shown separately below)	212,597	143,756	412,246	254,609
Selling, general, and administrative expenses	82,693	54,875	161,113	106,142
Depreciation and amortization	11,483	10,188	21,954	20,450
Total operating expenses	306,773	208,819	595,313	381,201
Income from operations	8,943	27,291	28,746	44,086
Interest expense, net	1,667	1,973	2,877	4,210
Other expense (income), net	435	(208)	832	971
Income before income taxes	6,841	25,526	25,037	38,905
Income tax (benefit) expense	(8,952)	4,582	(5,274)	6,875
Net income	15,793	20,944	30,311	32,030
Less: net income attributable to non-controlling interests	1,121	7,131	5,757	11,703
Net income attributable to Funko, Inc.	$ 14,672	$ 13,813	$ 24,554	$ 20,327
Earnings per share of Class A common stock:
Basic (in dollars per share)	$ 0.34	$ 0.36	$ 0.58	$ 0.55
Diluted (in dollars per share)	$ 0.28	$ 0.34	$ 0.53	$ 0.52
Weighted average shares of Class A common stock outstanding:
Basic (in shares)	43,740,737	37,881,027	42,041,750	37,047,265
Diluted (in shares)	53,823,583	40,554,875	53,976,346	39,206,924

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 15,793	$ 20,944	$ 30,311	$ 32,030
Other comprehensive income:
Foreign currency translation (loss) gain, net of tax effect of $859 and $96 for the three months ended June 30, 2022 and 2021, respectively and $1,159 and $21 for the six months ended June 30, 2022 and 2021, respectively	(3,379)	104	(4,661)	527
Comprehensive income	12,414	21,048	25,650	32,557
Less: Comprehensive income attributable to non-controlling interests	459	7,176	4,749	11,900
Comprehensive income attributable to Funko, Inc.	$ 11,955	$ 13,872	$ 20,901	$ 20,657

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Foreign currency translation (loss) gain, tax	$ 859	$ 96	$ 1,159	$ 21

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 56,191	$ 83,557
Accounts receivable, net	195,644	187,688
Inventory	233,974	166,428
Prepaid expenses and other current assets	37,909	14,925
Total current assets	523,718	452,598
Property and equipment, net	94,742	58,828
Operating lease right-of-use assets	71,358	53,466
Goodwill	132,464	126,651
Intangible assets, net	184,089	189,619
Deferred tax asset	116,542	74,412
Other assets	15,767	11,929
Total assets	1,138,680	967,503
Current liabilities:
Line of credit	70,000	0
Current portion of long-term debt, net of unamortized discount	17,427	17,395
Current portion of operating lease liabilities	17,398	14,959
Accounts payable	114,218	57,238
Income taxes payable	417	15,994
Accrued royalties	49,997	58,158
Accrued expenses and other current liabilities	113,920	121,267
Total current liabilities	383,377	285,011
Long-term debt, net of unamortized discount	147,094	155,818
Operating lease liabilities, net of current portion	83,230	50,459
Deferred tax liability	582	648
Liabilities under tax receivable agreement, net of current portion	100,875	75,523
Other long-term liabilities	3,559	3,486
Commitments and Contingencies (Note 7)
Stockholders’ equity:
Additional paid-in-capital	304,258	252,505
Accumulated other comprehensive (loss) income	(2,575)	1,078
Retained earnings	92,604	68,050
Total stockholders’ equity attributable to Funko, Inc.	394,292	321,638
Non-controlling interests	25,671	74,920
Total stockholders’ equity	419,963	396,558
Total liabilities and stockholders’ equity	1,138,680	967,503
Common Class A
Stockholders’ equity:
Common stock, value	5	4
Class B common shares outstanding
Stockholders’ equity:
Common stock, value	$ 0	$ 1

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Common Class A
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)	46,832,000	40,088,000
Common stock, shares outstanding (in shares)	46,832,000	40,088,000
Class B common shares outstanding
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)	3,293,000	10,691,000
Common stock, shares outstanding (in shares)	3,293,000	10,691,000

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Operating Activities
Net income	$ 30,311	$ 32,030
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation, amortization and other	21,586	19,792
Equity-based compensation	7,322	6,211
Amortization of debt issuance costs and debt discounts	433	643
Other	2,588	1,319
Changes in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net	(9,667)	(7,169)
Inventory	(68,921)	(26,383)
Prepaid expenses and other assets	(27,985)	2,097
Accounts payable	57,661	8,305
Income taxes payable	(15,542)	5,356
Accrued royalties	(9,776)	1,531
Accrued expenses and other liabilities	(18,149)	27,699
Net cash (used in) provided by operating activities	(30,139)	71,431
Investing Activities
Purchases of property and equipment	(33,713)	(10,128)
Acquisitions of businesses and related intangible assets, net of cash	(13,968)	(1,001)
Other	61	0
Net cash used in investing activities	(47,620)	(11,129)
Financing Activities
Borrowings on line of credit	70,000	0
Payments of long-term debt	(9,000)	(13,875)
Distributions to continuing equity owners	(10,224)	(6,913)
Payments under tax receivable agreement	0	(6)
Proceeds from exercise of equity-based options	559	3,678
Net cash provided by (used in) financing activities	51,335	(17,116)
Effect of exchange rates on cash and cash equivalents	(942)	33
Net change in cash and cash equivalents	(27,366)	43,219
Cash and cash equivalents at beginning of period	83,557	52,255
Cash and cash equivalents at end of period	$ 56,191	$ 95,474

Organization and Operations

Organization and Operations	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	Organization and Operations The unaudited condensed consolidated financial statements include Funko, Inc. and its subsidiaries (together, 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. Reorganization transactions occurring at the time of our IPO resulted in Funko, Inc. 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 unaudited condensed consolidated financial statements representing the common units of FAH, LLC interests still held by other owners of FAH, LLC (collectively, the “Continuing Equity Owners”). Interim Financial Information In the opinion of management, all adjustments considered necessary for a fair presentation of the results as of the date of and for the interim periods presented have been included, and such adjustments consist of normal recurring adjustments. Certain prior-year amounts have been reclassified to conform to the current year presentation. The unaudited condensed consolidated results of operations for the current interim period are not necessarily indicative of the results for the entire year ending December 31, 2022, due to seasonality and other factors. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”) on March 3, 2022.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions. Significant Accounting Policies A description of the Company’s significant accounting policies is included in the audited consolidated financial statements within its Annual Report on Form 10–K for the year ended December 31, 2021.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions TokenWave LLC . 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 represents 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 operations from the acquisition date to June 30, 2022 was not material. Mondo. On June 8, 2022, the Company acquired 100% of the membership interests in Mondo Tees Buyer, LLC (“Mondo”), a high-end pop culture collectibles company that creates vinyl records, posters, soundtracks, toys, apparel, books, games and other collectibles. This transaction represents an opportunity to expand the Company’s product offerings into vinyl records, posters and other high-end collectibles. The Company accounted for the acquisition as a business combination. The preliminary purchase consideration consists of $14.0 million in cash. The Company is still in the process of completing its analysis of the opening balance sheet balances and finalizing its analysis and assumptions over the fair value of assets and liabilities acquired and purchase consideration transferred, and the difference between the estimated and final values could be material. Goodwill of $6.2 million is calculated as the excess of the purchase price paid over the net assets acquired. The Company does not expect the Goodwill as recognized, to be deductible for tax purposes. An intangible asset of $2.3 million was preliminarily recognized for the Mondo trade name. The activity of Mondo as included in the Company’s consolidated statements of operations from the acquisition date to June 30, 2022 was not material. The following table shows the preliminary purchase price allocation for the Mondo acquisition as of June 30, 2022: Cash $ 36 Accounts receivable 1,831 Inventory 3,409 Other current assets 4,308 Intangible assets 2,325 Goodwill 6,187 Current liabilities (4,092) Estimated consideration transferred $ 14,004

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company’s financial instruments, other than those discussed below, include cash and cash equivalents, accounts receivable, accounts payable, and accrued liabilities. The carrying amounts of these financial instruments approximate fair value due to the short-term nature of these instruments. For financial instruments measured at fair value on a recurring basis, the Company prioritizes the inputs used in measuring fair value according to a three-tier fair value hierarchy defined by U.S. GAAP. For a description of the methods and assumptions that the Company uses to estimate the fair value and determine the classification according to the fair value hierarchy for each financial instrument, see the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2021. Cash equivalents. As of June 30, 2022 and December 31, 2021, cash equivalents included $0.5 million and $56.9 million, respectively, of highly liquid money market funds, which are classified as Level 1 within the fair value hierarchy. Debt. The estimated fair value of the Company’s debt instruments, which are classified as Level 3 financial instruments, at June 30, 2022 and December 31, 2021, was approximately $236.5 million and $175.5 million, respectively. The carrying values of the Company’s debt instruments at June 30, 2022 and December 31, 2021, were $234.5 million and $173.2 million, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Debt	Debt Debt consists of the following (in thousands): June 30, 2022 December 31, 2021 Revolving Credit Facility $ 70,000 $ — Term Loan Facility $ 166,500 $ 175,500 Debt issuance costs (1,979) (2,287) Total term debt 164,521 173,213 Less: current portion 17,427 17,395 Long-term debt, net $ 147,094 $ 155,818 Former Credit Facilities On October 22, 2018, FAH, LLC and certain of its material domestic subsidiaries from time to time (collectively the “Credit Agreement Parties”) 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 Credit Agreement Parties amended the Former Credit Agreement to increase the Former Revolving Credit Facility to $75.0 million. On September 23, 2019, the Credit Agreement Parties 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 Credit Agreement by 0.75% and reduced certain fees incurred under the Former Credit Agreement. The second amendment also allowed the Credit Agreement Parties to request an additional $25.0 million increase to the Former Term Loan Facility. On May 5, 2020 the Credit Agreement Parties 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 Credit Agreement Parties 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 Former Facility 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 Former Credit Facilities bore interest, at the Credit Agreement Parties’ 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 FAH, LLC and its material domestic subsidiaries, subject to customary exceptions. In September 2021, all of the outstanding aggregate principal balance and accrued interest of $180.1 million on the Credit Agreement Parties’ Former Term Loan Facility was repaid, and the Credit Agreement Parties 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 Credit Agreement Parties entered into a new credit agreement (the “New Credit Agreement”) with JPMorgan Chase Bank, N.A., PNC Bank, National Association, KeyBank National Association, Citizens Bank, N.A., Bank of the West, HSBC Bank USA, National Association, Bank of America, N.A., U.S. Bank National Association, MUFG Union Bank, N.A., and Wells Fargo Bank, National Association (collectively, the “Initial Lenders”) and JPMorgan Chase Bank, N.A. as administrative agent, 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 and terminate the Former Credit Facilities. On April 26, 2022, the Credit Agreement Parties entered into Amendment No. 1 to the New Credit Agreement (the “First Amendment”) with the Initial Lenders and JPMorgan Chase Bank, N.A. as administrative agent, which allows for additional Restricted Payments (as defined in the First Amendment) using specified funding sources. On July 29, 2022, the Credit Agreement Parties entered into Amendment No. 2 to the New Credit Agreement (the “Second Amendment”) with the Initial Lenders and Goldman Sachs Bank USA (collectively, the “Lenders”) and JPMorgan Chase Bank, N.A. as administrative agent, which increases the New Revolving Credit Facility to $215.0 million and converts the New Credit Facility interest rate index from Borrower (as defined in the New Credit Agreement) option LIBOR to SOFR. See Note 13, Subsequent Events. 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 commenced 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. Prior to the Second Amendment, loans under the New Credit Facilities, at the Borrowers’ option, bore interest at either (i) LIBOR, EURIBOR, HIBOR, CDOR, Daily Simple SONIA and/or the Central Bank Rate, as applicable, plus 2.50% per annum or (ii) ABR or the Canadian prime rate, as applicable, plus 1.50% per annum, in each case of clauses (i) and (ii), subject to two 0.25% per annum 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 were subject to a 0% floor. For loans based on ABR, the Central Bank Rate or the Canadian prime rate, interest payments were due quarterly. For loans based on Daily Simple SONIA, interest payments were due monthly. For loans based on LIBOR, EURIBOR, HIBOR or CDOR, interest payments were due at the end of each applicable interest period. The New Credit Facilities are secured by substantially all of the assets of FAH, LLC and any of its existing or future material domestic subsidiaries, subject to customary exceptions. As of June 30, 2022 and December 31, 2021, the Credit Agreement Parties were in compliance with all of the covenants in its New Credit Agreement, as amended. At June 30, 2022 and December 31, 2021, the Credit Agreement Parties had $166.5 million and $175.5 million of borrowings outstanding under the New Term Loan Facility and $70.0 million and no outstanding borrowings under the New Revolving Credit Facility, respectively. Outstanding borrowings under the New Revolving Credit Facility at June 30, 2022 are due within 30 days of each draw. At June 30, 2022 and December 31, 2021, the Credit Agreement Parties had $30.0 million and $100.0 million available under the New Revolving Credit Facility, respectively. There were no outstanding letters of credit as of June 30, 2022 and December 31, 2021.

Liabilities under Tax Receivabl

Liabilities under Tax Receivable Agreement	6 Months Ended
	Jun. 30, 2022
Liabilities Under Tax Receivable Agreement [Abstract]
Liabilities under Tax Receivable Agreement	Liabilities under Tax Receivable Agreement On November 1, 2017, the Company entered into a tax receivable agreement with FAH, LLC (the “Tax Receivable Agreement”) 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 of FAH, LLC for Class A common stock of Funko, Inc. or cash, and (ii) certain additional tax benefits attributable to payments made under the Tax Receivable Agreement. During the three and six months ended June 30, 2022 the Company acquired 5.8 million and 6.5 million, respectively, of common units of FAH, LLC. During the three and six months ended June 30, 2021 the Company acquired 2.0 million and 3.2 million, respectively of common units of FAH, LLC. As a result of these exchanges, during the three and six months ended June 30, 2022, the Company recognized an increase to its net deferred tax assets in the amount of $27.4 million and $29.9 million, respectively, and $10.8 million and $14.5 million, respectively for the three and six months ended June 30, 2021. The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three and six months ended June 30, (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Beginning Balance $ 85,556 $ 68,284 $ 82,884 $ 62,317 Additional liabilities for exchanges 27,177 12,216 29,849 18,189 Payments under tax receivable agreement — — — (6) Ending balance $ 112,733 $ 80,500 $ 112,733 $ 80,500 As of June 30, 2022, the Company’s total obligation under the Tax Receivable Agreement, including accrued interest, was $112.7 million, of which $11.9 million was included in accrued expenses and other current liabilities on the unaudited condensed consolidated balance sheets. There were no transactions subject to the Tax Receivable Agreement for which the Company did not recognize the related liability, as the Company concluded that it was probable that the Company would have sufficient future taxable income to utilize all of the related tax benefits. At December 31, 2021, the Company’s total obligation under the Tax Receivable Agreement, including accrued interest, was $82.9 million, of which $7.4 million was included in accrued expenses and other current liabilities on the condensed consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
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. 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 of directors, and up to one year’s severance pay beyond termination date. Debt The Company has entered into a New Credit Agreement which includes a New Term Loan Facility and a New Revolving Credit Facility. See Note 5, Debt. On July 29, 2022, the New Credit Agreement was further amended by the Second Amendment. See Note 13, Subsequent Events. 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 6, Liabilities under Tax Receivable Agreement. 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. The Company’s lease for the Warehouse and Distribution facility in Buckeye, Arizona, commenced during the six months ended June 30, 2022 . The Company recorded operating lease right-of-use assets obtained in exchange for new operating lease obligations of $21.5 million with $17.2 million in lease incentives obtained. 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. 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 a 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, and the Court granted all defendants’ motions to dismiss the Ferreira action on February 25, 2021, allowing the lead plaintiffs leave to amend the complaint. Lead plaintiffs filed an 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 an inventory risk warning in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2019. On May 3, 2022, the parties agreed in principle to settle the litigation, subject to court approval. The Court granted preliminary approval of the settlement on July 17, 2022. The cost of settlement will be covered by the Company’s director and officer liability insurance. Several stockholder 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. On May 9, 2022, another complaint, asserting substantially similar claims, was filed in the U.S. District Court for the Central District of California, captioned Smith v. Mariotti, et al . Defendants have asked the Court to consolidate Smith with the aforementioned cases. On July 20, 2022, the Court declined to consolidate Smith with the previously-pending cases, and lifted the stay of those proceedings that had been in place since 2020. On June 11, 2021, a purported stockholder filed a related derivative action, captioned Silverberg v. Mariotti, et al. , in the Court of Chancery of the State of Delaware. That action was stayed pending resolution of Ferreira v. Funko, Inc., et al. , Case No. 2:20-cv-02319. On July 5, 2022, two purported stockholders filed an additional derivative action in the Court of Chancery, captioned Fletcher, et al. v. Mariotti . That complaint also asserts claims arising out of same issues and events as Silverberg and the derivative actions pending in the Central District of California. 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. 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, 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. On May 4, 2022, the Washington State Supreme Court denied the Company’s petition, and the case has been remanded to the Superior 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 through November 2022. 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 (“Securities Act”), by making allegedly materially misleading statements in documents filed with the SEC 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 January 18, 2022, a purported stockholder filed a putative class action lawsuit in the Court of Chancery of the State of Delaware, captioned Shumacher v. Mariotti, et al. , 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 March 31, 2022, the Company moved to dismiss the action. In response to defendants’ motion to dismiss. Plaintiff filed an Amended Complaint on May 25, 2022. The amendment did not materially change the claims at issue. 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	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Segments	Segments The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and regularly reviewed by its Chief Operating Decision Maker (the “CODM”) to allocate resources and assess performance. Because its CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. The following table present summarized product information as a percent of sales: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Core Collectible 73.8 % 81.3 % 75.7 % 82.0 % Loungefly 22.2 % 13.8 % 19.2 % 13.5 % Other 4.0 % 4.9 % 5.1 % 4.5 % The following tables present summarized geographical information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net sales: United States $ 231,196 $ 163,183 $ 463,361 $ 299,704 Europe 63,392 52,045 120,449 91,810 Other International 21,128 20,882 40,249 33,773 Total net sales $ 315,716 $ 236,110 $ 624,059 $ 425,287 June 30, 2022 December 31, 2021 Long-term assets: United States $ 135,462 $ 81,022 United Kingdom 22,397 26,500 Vietnam and China 24,008 16,701 Total long-lived assets $ 181,867 $ 124,223

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes 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 Company recorded $9.0 million of income tax benefit and $4.6 million of income tax expense for the three months ended June 30, 2022 and 2021, respectively, and $5.3 million of income tax benefit and $6.9 million of income tax expense for the six months ended June 30, 2022 and 2021, respectively. The Company’s estimated annual effective tax rate for the six months ended June 30, 2022 was (21.1)%. The Company’s effective tax rate differs from the statutory rate of 21% primarily due to the impact of foreign and state taxes and a discrete benefit of $11.0 million from the release of a valuation allowance on the outside basis deferred tax asset. 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 6, Liabilities under Tax Receivable Agreement.

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity The following is a reconciliation of changes in stockholders’ equity for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Class A common stock Beginning balance $ 4 $ 4 $ 4 $ 4 Shares issued 1 — 1 — Ending balance $ 5 $ 4 $ 5 $ 4 Class B common stock Beginning balance $ 1 $ 1 $ 1 $ 1 Redemption of common units of FAH, LLC (1) — (1) — Ending balance $ — $ 1 $ — $ 1 Additional paid-in capital Beginning balance $ 260,090 $ 222,902 $ 252,505 $ 216,141 Equity-based compensation 3,953 3,521 7,322 6,211 Shares issued for equity-based compensation awards 482 3,645 559 3,678 Other — — — 200 Redemption of common units of FAH, LLC 33,678 10,648 37,901 16,680 Recapitalization of FAH, LLC 5,873 — 5,873 — Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets 182 (1,447) 98 (3,641) Ending balance $ 304,258 $ 239,269 $ 304,258 $ 239,269 Accumulated other comprehensive income Beginning balance $ 142 $ 1,989 $ 1,078 $ 1,718 Foreign currency translation (loss) gain, net of tax (2,717) 59 (3,653) 330 Ending balance $ (2,575) $ 2,048 $ (2,575) $ 2,048 Retained earnings Beginning balance $ 77,932 $ 30,917 $ 68,050 $ 24,403 Net income attributable to Funko, Inc. 14,672 13,813 24,554 20,327 Ending balance $ 92,604 $ 44,730 $ 92,604 $ 44,730 Non-controlling interests Beginning balance $ 71,579 $ 77,286 $ 74,920 $ 80,178 Distributions to Continuing Equity Owners (6,816) (4,468) (10,224) (6,913) Other — — — 861 Redemption of common units of FAH, LLC (33,678) (10,648) (37,901) (16,680) Recapitalization of FAH, LLC (5,873) — (5,873) — Foreign currency translation (loss) gain, net of tax (662) 45 (1,008) 197 Net income attributable to non-controlling interests 1,121 7,131 5,757 11,703 Ending balance $ 25,671 $ 69,346 $ 25,671 $ 69,346 Total stockholders’ equity $ 419,963 $ 355,398 $ 419,963 $ 355,398 The following is a reconciliation of changes in Class A and Class B common shares outstanding for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Class A common shares outstanding Beginning balance 40,797 36,836 40,088 35,657 Shares issued for equity-based compensation awards 223 390 248 407 Redemption of common units of FAH, LLC 5,812 2,019 6,496 3,181 Ending balance 46,832 39,245 46,832 39,245 Class B common shares outstanding Beginning balance 10,007 13,040 10,691 14,040 Redemption of common units of FAH, LLC (5,804) (1,839) (6,488) (2,839) Recapitalization of Class B common shares (910) — (910) — Ending balance 3,293 11,201 3,293 11,201 Total Class A and Class B common shares outstanding 50,125 50,446 50,125 50,446

Non-controlling interests

Non-controlling interests	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Non-controlling interests	Non-controlling interests Funko, Inc. is the sole managing member of FAH, LLC and as a result consolidates the financial results of FAH, LLC and 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 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 non-controlling interest holders based on each party’s relative economic ownership interest in FAH, LLC. As of June 30, 2022 and December 31, 2021, Funko, Inc. owned 46.8 million and 40.1 million of FAH, LLC common units, respectively, representing a 91.5% and 77.3% economic ownership interest in FAH, LLC, respectively. Net income and comprehensive income of FAH, LLC excludes certain activity attributable to Funko, Inc., including equity-based compensation expense for share-based compensation awards issued by Funko, Inc. and income tax expense for corporate, federal, state and local taxes attributable to Funko, Inc. The following represents the amounts excluded from the computation of net income and comprehensive income of FAH, LLC for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Funko, Inc. Equity-based compensation $ 3,953 $ 3,521 $ 7,322 $ 6,211 Income tax (benefit) expense $ (9,683) $ 3,968 $ (6,675) $ 5,792

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share Basic earnings per share of Class A common stock is computed by dividing net income attributable 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 attributable 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 (in thousands, except shares and per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income $ 15,793 $ 20,944 $ 30,311 $ 32,030 Less: net income attributable to non-controlling interests 1,121 7,131 5,757 11,703 Net income attributable to Funko, Inc. — basic $ 14,672 $ 13,813 $ 24,554 $ 20,327 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 619 — 4,206 — Net income attributable to Funko, Inc. — diluted $ 15,291 $ 13,813 $ 28,760 $ 20,327 Denominator: Weighted-average shares of Class A common stock outstanding — basic 43,740,737 37,881,027 42,041,750 37,047,265 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock 7,847,603 227,640 9,794,925 227,482 Add : Dilutive Funko, Inc. equity compensation awards 2,235,243 2,446,208 2,139,671 1,932,177 Weighted-average shares of Class A common stock outstanding — diluted 53,823,583 40,554,875 53,976,346 39,206,924 Earnings per share of Class A common stock — basic $ 0.34 $ 0.36 $ 0.58 $ 0.55 Earnings per share of Class A common stock — diluted $ 0.28 $ 0.34 $ 0.53 $ 0.52 For the three months ended June 30, 2022 and 2021, an aggregate of 2.2 million and 15.0 million, respectively, and for the six months ended June 30, 2022 and 2021, an aggregate of 2.0 million and 15.6 million, respectively, of potentially dilutive securities 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 three and six months ended June 30, 2022, there were no common units of FAH, LLC that were excluded from the calculations of diluted earnings per share. For the three and six months ended June 30, 2021, anti-dilutive securities included 13.6 million and 14.4 million, respectively, 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 29, 2022, the Credit Agreement Parties entered into Second Amendment with the Lenders and JPMorgan Chase Bank, N.A. as administrative agent. The Second Amendment, among other things, increases the New Revolving Credit Facility from $100.0 million to $215.0 million. Following the effectiveness of the Second Amendment, loans under the New Credit Facilities will, at the Borrowers’ option, bear interest at either (i) Term SOFR, EURIBOR, HIBOR, CDOR, SONIA and/or the Central Bank Rate, as applicable, plus (x) 2.50% per annum and (y) solely in the case of Term SOFR based loans, 0.10% per annum or (ii) ABR or the Canadian prime rate, as applicable, plus 1.50% per annum, in each case of clauses (i) and (ii), subject to two 0.25% per annum step-downs based on the achievement of certain leverage ratios following the Second Amendment effective date. Each of Term SOFR, EURIBOR, HIBOR, CDOR and 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 SONIA, interest payments are due monthly. For loans based on Term SOFR, EURIBOR, HIBOR or CDOR, interest payments are due at the end of each applicable interest period.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements as well as the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates and assumptions.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Purchase Price Allocations	The following table shows the preliminary purchase price allocation for the Mondo acquisition as of June 30, 2022: Cash $ 36 Accounts receivable 1,831 Inventory 3,409 Other current assets 4,308 Intangible assets 2,325 Goodwill 6,187 Current liabilities (4,092) Estimated consideration transferred $ 14,004

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Summary of Debt	Debt consists of the following (in thousands): June 30, 2022 December 31, 2021 Revolving Credit Facility $ 70,000 $ — Term Loan Facility $ 166,500 $ 175,500 Debt issuance costs (1,979) (2,287) Total term debt 164,521 173,213 Less: current portion 17,427 17,395 Long-term debt, net $ 147,094 $ 155,818

Liabilities under Tax Receiva_2

Liabilities under Tax Receivable Agreement (Tables)	6 Months Ended
	Jun. 30, 2022
Liabilities Under Tax Receivable Agreement [Abstract]
Summary of Tax Receivable Agreement Liability	The following table summarizes changes in the amount of the Company’s Tax Receivable Agreement liability for the three and six months ended June 30, (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Beginning Balance $ 85,556 $ 68,284 $ 82,884 $ 62,317 Additional liabilities for exchanges 27,177 12,216 29,849 18,189 Payments under tax receivable agreement — — — (6) Ending balance $ 112,733 $ 80,500 $ 112,733 $ 80,500

Segments (Tables)

Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Segment Reporting [Abstract]
Summary of Main Product Categories as Percent of Sales	The following table present summarized product information as a percent of sales: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Core Collectible 73.8 % 81.3 % 75.7 % 82.0 % Loungefly 22.2 % 13.8 % 19.2 % 13.5 % Other 4.0 % 4.9 % 5.1 % 4.5 %
Summary of Net Sales and Long-Lived Assets	The following tables present summarized geographical information (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net sales: United States $ 231,196 $ 163,183 $ 463,361 $ 299,704 Europe 63,392 52,045 120,449 91,810 Other International 21,128 20,882 40,249 33,773 Total net sales $ 315,716 $ 236,110 $ 624,059 $ 425,287 June 30, 2022 December 31, 2021 Long-term assets: United States $ 135,462 $ 81,022 United Kingdom 22,397 26,500 Vietnam and China 24,008 16,701 Total long-lived assets $ 181,867 $ 124,223

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Summary Of Reconciliation of Changes in Stockholders' Equity	The following is a reconciliation of changes in stockholders’ equity for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Class A common stock Beginning balance $ 4 $ 4 $ 4 $ 4 Shares issued 1 — 1 — Ending balance $ 5 $ 4 $ 5 $ 4 Class B common stock Beginning balance $ 1 $ 1 $ 1 $ 1 Redemption of common units of FAH, LLC (1) — (1) — Ending balance $ — $ 1 $ — $ 1 Additional paid-in capital Beginning balance $ 260,090 $ 222,902 $ 252,505 $ 216,141 Equity-based compensation 3,953 3,521 7,322 6,211 Shares issued for equity-based compensation awards 482 3,645 559 3,678 Other — — — 200 Redemption of common units of FAH, LLC 33,678 10,648 37,901 16,680 Recapitalization of FAH, LLC 5,873 — 5,873 — Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets 182 (1,447) 98 (3,641) Ending balance $ 304,258 $ 239,269 $ 304,258 $ 239,269 Accumulated other comprehensive income Beginning balance $ 142 $ 1,989 $ 1,078 $ 1,718 Foreign currency translation (loss) gain, net of tax (2,717) 59 (3,653) 330 Ending balance $ (2,575) $ 2,048 $ (2,575) $ 2,048 Retained earnings Beginning balance $ 77,932 $ 30,917 $ 68,050 $ 24,403 Net income attributable to Funko, Inc. 14,672 13,813 24,554 20,327 Ending balance $ 92,604 $ 44,730 $ 92,604 $ 44,730 Non-controlling interests Beginning balance $ 71,579 $ 77,286 $ 74,920 $ 80,178 Distributions to Continuing Equity Owners (6,816) (4,468) (10,224) (6,913) Other — — — 861 Redemption of common units of FAH, LLC (33,678) (10,648) (37,901) (16,680) Recapitalization of FAH, LLC (5,873) — (5,873) — Foreign currency translation (loss) gain, net of tax (662) 45 (1,008) 197 Net income attributable to non-controlling interests 1,121 7,131 5,757 11,703 Ending balance $ 25,671 $ 69,346 $ 25,671 $ 69,346 Total stockholders’ equity $ 419,963 $ 355,398 $ 419,963 $ 355,398
Summary Of Reconciliation of Changes in Class A and Class B Common Shares Outstanding	The following is a reconciliation of changes in Class A and Class B common shares outstanding for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Class A common shares outstanding Beginning balance 40,797 36,836 40,088 35,657 Shares issued for equity-based compensation awards 223 390 248 407 Redemption of common units of FAH, LLC 5,812 2,019 6,496 3,181 Ending balance 46,832 39,245 46,832 39,245 Class B common shares outstanding Beginning balance 10,007 13,040 10,691 14,040 Redemption of common units of FAH, LLC (5,804) (1,839) (6,488) (2,839) Recapitalization of Class B common shares (910) — (910) — Ending balance 3,293 11,201 3,293 11,201 Total Class A and Class B common shares outstanding 50,125 50,446 50,125 50,446

Non-controlling interests (Tabl

Non-controlling interests (Tables)	6 Months Ended
	Jun. 30, 2022
Noncontrolling Interest [Abstract]
Schedule of Amounts Excluded from the Computation of Net Income (Loss) and Comprehensive Income (Loss) of FAH, LLC	The following represents the amounts excluded from the computation of net income and comprehensive income of FAH, LLC for the three and six months ended June 30, 2022 and 2021: Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 (In thousands) Funko, Inc. Equity-based compensation $ 3,953 $ 3,521 $ 7,322 $ 6,211 Income tax (benefit) expense $ (9,683) $ 3,968 $ (6,675) $ 5,792

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2022
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 (in thousands, except shares and per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator: Net income $ 15,793 $ 20,944 $ 30,311 $ 32,030 Less: net income attributable to non-controlling interests 1,121 7,131 5,757 11,703 Net income attributable to Funko, Inc. — basic $ 14,672 $ 13,813 $ 24,554 $ 20,327 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 619 — 4,206 — Net income attributable to Funko, Inc. — diluted $ 15,291 $ 13,813 $ 28,760 $ 20,327 Denominator: Weighted-average shares of Class A common stock outstanding — basic 43,740,737 37,881,027 42,041,750 37,047,265 Add: Dilutive common units of FAH, LLC that are convertible into Class A common stock 7,847,603 227,640 9,794,925 227,482 Add : Dilutive Funko, Inc. equity compensation awards 2,235,243 2,446,208 2,139,671 1,932,177 Weighted-average shares of Class A common stock outstanding — diluted 53,823,583 40,554,875 53,976,346 39,206,924 Earnings per share of Class A common stock — basic $ 0.34 $ 0.36 $ 0.58 $ 0.55 Earnings per share of Class A common stock — diluted $ 0.28 $ 0.34 $ 0.53 $ 0.52

Acquisitions - Narrative (Detai

Acquisitions - Narrative (Details) - USD ($) $ in Thousands	Jun. 08, 2022	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 132,464	$ 126,651
Mondo
Business Acquisition [Line Items]
Business acquisition, percentage of membership interests acquired	100%
Payment to acquire business	$ 14,000
Goodwill		6,187
Intangible assets		$ 2,325

Acquisitions - Summary of Asset

Acquisitions - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill	$ 132,464	$ 126,651
Mondo
Business Acquisition [Line Items]
Cash	36
Accounts receivable	1,831
Inventory	3,409
Other current assets	4,308
Intangible assets	2,325
Goodwill	6,187
Current liabilities	(4,092)
Estimated consideration transferred	$ 14,004

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 0.5	$ 56.9
Level 3 | Estimate of Fair Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of debt instruments	236.5	175.5
Outstanding borrowings	$ 234.5	$ 173.2

Debt - Summary of Debt (Detail)

Debt - Summary of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Line of credit	$ 70,000	$ 0
Debt issuance costs	(1,979)	(2,287)
Total term debt	164,521	173,213
Less: current portion	17,427	17,395
Long-term debt, net	147,094	155,818
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit	70,000	0
Term Loan Facility
Debt Instrument [Line Items]
Outstanding borrowings	$ 166,500	$ 175,500

Debt - Additional Information (

Debt - Additional Information (Detail)					1 Months Ended	6 Months Ended
	Jul. 29, 2022 USD ($)	Sep. 17, 2021 USD ($) step_down	Sep. 23, 2019 USD ($)	Oct. 22, 2018 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)	Feb. 11, 2019 USD ($)
Debt Instrument [Line Items]
Reduction in interest margin applicable to all loans			0.75%
Number of spread | step_down		2
Repayments of long-term debt						$ 9,000,000	$ 13,875,000
Line of credit						70,000,000		$ 0
S O N I A Rate
Debt Instrument [Line Items]
Interest rate margins		2.50%
Prime Rate
Debt Instrument [Line Items]
Interest rate margins		1.50%
Interest rate of borrowings		0%
Step down percent		0.25%
Secured Debt
Debt Instrument [Line Items]
Debt instrument, 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%
Long term debt maturity percentage third and fourth year				10%
Long term debt maturity percentage fifth year				12.50%
Repayments of long-term debt					$ 180,100,000
Loss on extinguishment of debt					$ 700,000
Secured Debt | Swing Rate
Debt Instrument [Line Items]
Interest rate margins			3%
Supplementary leverage ratio			0.25%
Secured Debt | Base Rate Loans
Debt Instrument [Line Items]
Interest rate margins			2%
Secured Debt | Euro Rate
Debt Instrument [Line Items]
Interest rate of borrowings			1%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit						70,000,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit		$ 100,000,000		$ 50,000,000					$ 75,000,000
Line of credit						0		0
Remaining borrowing capacity						30,000,000		100,000,000
Revolving Credit Facility | Line of Credit | Subsequent Event
Debt Instrument [Line Items]
Line of credit	$ 215,000,000
Step down percent	0.25%
Revolving Credit Facility | Line of Credit | S O N I A Rate | Subsequent Event
Debt Instrument [Line Items]
Interest rate margins	2.50%
Revolving Credit Facility | Line of Credit | Prime Rate | Subsequent Event
Debt Instrument [Line Items]
Interest rate margins	1.50%
Term Loan Facility
Debt Instrument [Line Items]
Outstanding borrowings						166,500,000		175,500,000
Letters of Credit
Debt Instrument [Line Items]
Line of credit						$ 0		$ 0

Liabilities under Tax Receiva_3

Liabilities under Tax Receivable Agreement - Additional Information (Detail) - USD ($) $ in Thousands, shares in Millions		3 Months Ended		6 Months Ended
	Nov. 01, 2017	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Liabilities Under Tax Receivable Agreement [Line Items]
Percentage of tax benefit paid to equity owner	85%
Obligations under tax receivable agreement		$ 112,733	$ 80,500	$ 112,733	$ 80,500	$ 85,556	$ 82,884	$ 68,284	$ 62,317
Accrued Expenses and Other Current Liabilities
Liabilities Under Tax Receivable Agreement [Line Items]
Obligations under tax receivable agreement		$ 11,900		$ 11,900			$ 7,400
FAH, LLC
Liabilities Under Tax Receivable Agreement [Line Items]
Common units acquired (in shares)		5.8	2	6.5	3.2
Increase in deferred tax assets		$ 27,400	$ 10,800	$ 29,900	$ 14,500

Liabilities under Tax Receiva_4

Liabilities under Tax Receivable Agreement - Schedule of Liability Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Liabilities Under Tax Receivable Agreement [Roll Forward]
Beginning Balance	$ 85,556	$ 68,284	$ 82,884	$ 62,317
Additional liabilities for exchanges	27,177	12,216	29,849	18,189
Payments under tax receivable agreement	0	0	0	(6)
Ending balance	$ 112,733	$ 80,500	$ 112,733	$ 80,500

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions						6 Months Ended
	Jul. 05, 2022 lawsuit	Jul. 06, 2020 lawsuit	Apr. 09, 2020 lawsuit	Jul. 02, 2018 lawsuit	Nov. 16, 2017 lawsuit	Jun. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Severance payment period (up to)						1 year
Operating leases, renewal term						5 years
Operating lease right-of-use assets obtained in exchange for new operating lease obligations | $						$ 21.5
Incentive to lessee | $						$ 17.2
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
Fletcher, et al. v. Mariotti | Subsequent Event
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed	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
Cassella v. Mariotti et al., Evans v. Mariotti et al., and Igelido v. Mariotti et al.
Lessee, Lease, Description [Line Items]
Number of additional putative class action lawsuits filed		3

Segments - Additional Informati

Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2022 segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segments - Summary of Main Prod

Segments - Summary of Main Product Categories as Percent of Sales (Detail) - Sales Revenue - Product Concentration Risk	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Core Collectible
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	73.80%	81.30%	75.70%	82%
Loungefly
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	22.20%	13.80%	19.20%	13.50%
Other
Schedule of Property and Equipment Net by Country [Line Items]
Percent of sales	4%	4.90%	5.10%	4.50%

Segments - Summary of Net Sales

Segments - Summary of Net Sales and Long-Lived Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net sales	$ 315,716	$ 236,110	$ 624,059	$ 425,287
Total long-lived assets	181,867		181,867		$ 124,223
United States
Segment Reporting Information [Line Items]
Net sales	231,196	163,183	463,361	299,704
Total long-lived assets	135,462		135,462		81,022
Europe
Segment Reporting Information [Line Items]
Net sales	63,392	52,045	120,449	91,810
Other International
Segment Reporting Information [Line Items]
Net sales	21,128	$ 20,882	40,249	$ 33,773
United Kingdom
Segment Reporting Information [Line Items]
Total long-lived assets	22,397		22,397		26,500
Vietnam and China
Segment Reporting Information [Line Items]
Total long-lived assets	$ 24,008		$ 24,008		$ 16,701

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (8,952)	$ 4,582	$ (5,274)	$ 6,875
Effective income tax rate			(21.10%)
Deferred tax assets, valuation allowance	$ 11,000		$ 11,000

Stockholders' Equity - Reconcil

Stockholders' Equity - Reconciliation of Changes in Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance			$ 396,558
Foreign currency translation (loss) gain, net of tax	$ (3,379)	$ 104	(4,661)	$ 527
Net income	15,793	20,944	30,311	32,030
Ending balance	419,963	355,398	419,963	355,398
Common Stock | Class A common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	4	4	4	4
Shares issued	1	0	1	0
Ending balance	5	4	5	4
Common Stock | Class B common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1	1	1	1
Redemption of common units of FAH, LLC	(1)	0	(1)	0
Ending balance	0	1	0	1
Additional paid-in capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	260,090	222,902	252,505	216,141
Equity-based compensation	3,953	3,521	7,322	6,211
Shares issued for equity-based compensation awards	482	3,645	559	3,678
Other	0	0	0	200
Redemption of common units of FAH, LLC	33,678	10,648	37,901	16,680
Recapitalization of FAH, LLC	5,873	0	5,873	0
Establishment of liabilities under tax receivable agreement and related changes to deferred tax assets	182	(1,447)	98	(3,641)
Ending balance	304,258	239,269	304,258	239,269
Accumulated other comprehensive income
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	142	1,989	1,078	1,718
Foreign currency translation (loss) gain, net of tax	(2,717)	59	(3,653)	330
Ending balance	(2,575)	2,048	(2,575)	2,048
Retained earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	77,932	30,917	68,050	24,403
Net income	14,672	13,813	24,554	20,327
Ending balance	92,604	44,730	92,604	44,730
Non-controlling interests
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	71,579	77,286	74,920	80,178
Distributions to Continuing Equity Owners	(6,816)	(4,468)	(10,224)	(6,913)
Other	0	0	0	861
Redemption of common units of FAH, LLC	(33,678)	(10,648)	(37,901)	(16,680)
Recapitalization of FAH, LLC	(5,873)	0	(5,873)	0
Foreign currency translation (loss) gain, net of tax	(662)	45	(1,008)	197
Net income	1,121	7,131	5,757	11,703
Ending balance	$ 25,671	$ 69,346	$ 25,671	$ 69,346

Stockholders' Equity - Reconc_2

Stockholders' Equity - Reconciliation of Changes in Class A and Class B Common Shares Outstanding (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Class A common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, common shares outstanding (in shares)	40,797,000	36,836,000	40,088,000	35,657,000
Shares issued for equity-based compensation awards (in shares)	223,000	390,000	248,000	407,000
Redemption of common units of FAH, LLC (in shares)	5,812,000	2,019,000	6,496,000	3,181,000
Redemption of common units of FAH, LLC (in shares)	(5,812,000)	(2,019,000)	(6,496,000)	(3,181,000)
Common shares outstanding (in shares)	46,832,000	39,245,000	46,832,000	39,245,000
Class B common stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance, common shares outstanding (in shares)	10,007,000	13,040,000	10,691,000	14,040,000
Redemption of common units of FAH, LLC (in shares)	5,804,000	1,839,000	6,488,000	2,839,000
Redemption of common units of FAH, LLC (in shares)	(5,804,000)	(1,839,000)	(6,488,000)	(2,839,000)
Recapitalization of Class B common shares	(910,000)	0	(910,000)	0
Common shares outstanding (in shares)	3,293,000	11,201,000	3,293,000	11,201,000
Class A and Class B common shares outstanding
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares outstanding (in shares)	50,125,000	50,446,000	50,125,000	50,446,000

Non-controlling interests - Add

Non-controlling interests - Additional Information (Detail) - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
FAH, LLC
Noncontrolling Interest [Line Items]
Ownership percentage	91.50%	77.30%
Common Class A
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	46,832,000	40,088,000	40,797,000	39,245,000	36,836,000	35,657,000
Common Class A | FAH, LLC
Noncontrolling Interest [Line Items]
Common stock, shares outstanding (in shares)	46,800,000	40,100,000

Non-controlling interests (Deta

Non-controlling interests (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Noncontrolling Interest [Line Items]
Income tax (benefit) expense	$ (8,952)	$ 4,582	$ (5,274)	$ 6,875
Funko Acquisition Holdings, L.L.C.
Noncontrolling Interest [Line Items]
Equity-based compensation	3,953	3,521	7,322	6,211
Income tax (benefit) expense	$ (9,683)	$ 3,968	$ (6,675)	$ 5,792

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	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net income	$ 15,793	$ 20,944	$ 30,311	$ 32,030
Less: net income attributable to non-controlling interests	1,121	7,131	5,757	11,703
Net income attributable to Funko, Inc. — basic	14,672	13,813	24,554	20,327
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	619	0	4,206	0
Net income attributable to Funko, Inc. — diluted	$ 15,291	$ 13,813	$ 28,760	$ 20,327
Denominator:
Weighted-average shares of Class A common stock outstanding — basic (in shares)	43,740,737	37,881,027	42,041,750	37,047,265
Add: Effect of dilutive equity compensation awards and common units of FAH, LLC that are convertible into Class A common stock (in shares)	7,847,603	227,640	9,794,925	227,482
Add: Dilutive Funko, Inc. equity compensation awards (in shares)	2,235,243	2,446,208	2,139,671	1,932,177
Weighted-average shares of Class A common stock outstanding — diluted (in shares)	53,823,583	40,554,875	53,976,346	39,206,924
Earnings per share of Class A common stock — basic (in dollars per share)	$ 0.34	$ 0.36	$ 0.58	$ 0.55
Earnings per share of Class A common stock — diluted (in dollars per share)	$ 0.28	$ 0.34	$ 0.53	$ 0.52

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
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)	0		0
Common Class A
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)	2,200,000	15,000,000	2,000,000	15,600,000
Common Class A | 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)		13,600,000		14,400,000

Subsequent Events (Details)

Subsequent Events (Details)	Jul. 29, 2022 USD ($) step_down	Sep. 17, 2021 USD ($)	Feb. 11, 2019 USD ($)	Oct. 22, 2018 USD ($)
S O N I A Rate
Subsequent Event [Line Items]
Interest rate margins		2.50%
Prime Rate
Subsequent Event [Line Items]
Interest rate margins		1.50%
Step down percent		0.25%
Revolving Credit Facility | Line of Credit
Subsequent Event [Line Items]
Line of credit		$ 100,000,000	$ 75,000,000	$ 50,000,000
Subsequent Event | Revolving Credit Facility | Line of Credit
Subsequent Event [Line Items]
Line of credit	$ 215,000,000
Number of step downs | step_down	2
Step down percent	0.25%
Subsequent Event | Revolving Credit Facility | Line of Credit | S O N I A Rate
Subsequent Event [Line Items]
Interest rate margins	2.50%
Subsequent Event | Revolving Credit Facility | Line of Credit | SOFR
Subsequent Event [Line Items]
Interest rate margins	0.10%
Subsequent Event | Revolving Credit Facility | Line of Credit | Prime Rate
Subsequent Event [Line Items]
Interest rate margins	1.50%
Interest rate floor	0%