Business Segments, Geographic Data and Sales by Major Customers (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Results are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. Information by segment and a reconciliation to reported amounts for the three months ended March 31, 2025 and 2024 and as of March 31, 2025 and December 31, 2024 are as follows (in thousands):

	Three Months Ended March 31,
	2025								2024
	TCP		Costumes			Total			TCP			Costumes			Total
Net Sales	$	107,438	$	5,815		$	113,253		$	82,910		$	7,166		$	90,076
Cost of Sales ^(A)		69,239		5,001			74,240			65,055			3,969			69,024
Gross Profit		38,199		814			39,013			17,855			3,197			21,052

Direct selling expenses		7,966		730			8,696			6,846			1,251			8,097
Product development and testing expenses		2,015		384			2,399			1,665			299			1,964
Divisional general and administrative expenses ^{(A), (B)}		5,557		3,231			8,788			6,237			4,012			10,249
Allocated headquarter general & administrative expenses ^{(A), (C)}		21,740		1,147			22,887			20,317			1,749			22,066
Income (loss) from operations		921		(4,678	)		(3,757	)		(17,210	)		(4,114	)		(21,324	)
Other income (expense), net							5									138
Interest income							362									376
Interest expense							(155	)								(143	)
Income before benefit from income taxes						$	(3,545	)							$	(20,953	)

^(A) Includes depreciation and amortization

1,550

1,559

1,499

1,514

^(B)

Consist mainly of payroll and related expenses, rent, depreciation and other general and administrative expenses.

^(C)

Consist mainly of payroll related expenses, rent, depreciation and other general and administrative expenses.

	March 31,		December 31,
	2025		2024
Assets
Toys/Consumer Products	$	388,178	$	429,254
Costumes		17,693		15,615
	$	405,871	$	444,869

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Net revenues are categorized based upon location of the customer, while long-lived assets are categorized based upon the location of the Company’s assets. The following tables present information about the Company by geographic area as of March 31, 2025 and December 31, 2024 and for the three months ended March 31, 2025 and 2024 (in thousands):

	March 31,		December 31,
	2025		2024
Long-lived Assets
United States	$	50,369	$	53,020
China		15,850		13,553
Hong Kong		2,236		582
Italy		776		754
United Kingdom		735		808
Mexico		512		31
Canada		103		107
France		41		41
	$	70,622	$	68,896

	Three Months Ended
	March 31,
	2025		2024
Net Sales by Customer Area
United States	$	88,944	$	70,430
Europe		11,810		5,735
Latin America		7,459		7,996
Canada		3,279		3,370
Asia		751		965
Australia & New Zealand		613		1,346
Middle East & Africa		397		234
	$	113,253	$	90,076

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

Net sales to major customers globally for the three months ended March 31, 2025 and 2024 were as follows (in thousands, except for percentages):

	Three Months Ended March 31,
	2025					2024
			Percentage					Percentage
	Amount		of Net Sales			Amount		of Net Sales
Walmart	$	36,260		32.0	%	$	21,294		23.6	%
Target		29,444		26.0			26,667		29.6
	$	65,704		58.0	%	$	47,961		53.2	%

JAKKS PACIFIC INC 10-Q