Commitments

12 Months Ended

Dec. 31, 2020

Disclosure Text Block Supplement [Abstract]

Commitments Disclosure [Text Block]

Note 17—Commitments

The Company has entered into various license agreements whereby the Company may use certain characters and intellectual properties in conjunction with its products. Generally, such license agreements provide for royalties to be paid ranging from 1% to 25% of net sales with minimum guarantees and advance payments.

In the event the Company estimates that a shortfall in achieving the minimum guarantee is probable, a liability is recorded for the estimated shortfall and charged to royalty expense.

Future annual minimum royalty guarantees as of December 31, 2020 are as follows (in thousands):

2021	$	32,106
2022		2,696
2023		350
2024		20
	$	35,172

The Company has entered into employment and consulting agreements with certain executives expiring through December 31, 2024. The aggregate future annual minimum guaranteed amounts due under those agreements as of December 31, 2020 are as follows (in thousands):

2021	$	5,040
2022		2,344
2023		2,362
2024		2,410
	$	12,156