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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 112,352,000 $ 78,758,000 $ 196,195,000 $ 145,315,000
Cost of sales 80,455,000 61,988,000 138,204,000 112,195,000
Gross profit 31,897,000 16,770,000 57,991,000 33,120,000
Selling, general and administrative expenses 30,076,000 24,664,000 58,893,000 57,000,000
Restructuring charge 0 1,631,000 0 1,631,000
Pandemic related charges 0 221,000 0 221,000
Income (loss) from operations 1,821,000 (9,746,000) (902,000) (25,732,000)
Income from joint ventures 0 0 0 2,000
Other income (expense), net 72,000 16,000 127,000 54,000
Change in fair value of preferred stock derivative liability (1,539,000) 1,000 (8,914,000) 2,083,000
Change in fair value of convertible senior notes (3,797,000) (7,727,000) (12,844,000) (52,000)
Loss on debt extinguishment (7,351,000) 0 (7,351,000) 0
Interest income 4,000 3,000 6,000 17,000
Interest expense (4,370,000) (5,543,000) (9,245,000) (11,090,000)
Loss before provision for (benefit from) income taxes (15,160,000) (22,996,000) (39,123,000) (34,718,000)
Provision for (benefit from) income taxes (100,000) 272,000 (12,000) 548,000
Net loss (15,060,000) (23,268,000) (39,111,000) (35,266,000)
Net income attributable to non-controlling interests 24,000 8,000 59,000 48,000
Net loss attributable to JAKKS Pacific, Inc. (15,084,000) (23,276,000) (39,170,000) (35,314,000)
Net loss attributable to common stockholders [1] $ (15,415,000) $ (23,588,000) $ (39,827,000) $ (35,933,000)
Loss per share - basic and diluted* (in Dollars per share) $ (2.48) $ (7.70) $ (6.86) $ (11.81)
Shares used in loss per share - basic and diluted* (in Shares) 6,220 3,064 5,802 3,043
Comprehensive loss $ (14,680,000) $ (23,187,000) $ (38,789,000) $ (36,819,000)
Comprehensive loss attributable to JAKKS Pacific, Inc. $ (14,704,000) $ (23,195,000) $ (38,848,000) $ (36,867,000)
[1] Net loss attributable to common stockholders was computed by deducting preferred dividends of $330,985 and $657,079 for the three and six months ended June 30, 2021, respectively. Net loss attributable to common stockholders was computed by deducting preferred dividends of $311,849 and $619,090 for the three and six months ended June 30, 2020, respectively.