Segment Information

6 Months Ended

Jun. 30, 2011

Segment Information [Abstract]

Segment Information

Note 9 — Segment Information

   Industry Segments

     The Company has two identifiable business segments. The Wholesale segment includes the design, manufacture, contract for manufacture and wholesale distribution of party goods, including paper and plastic tableware, metallic and latex balloons, accessories, novelties, costumes, other garments, gifts and stationery. The Retail segment includes the operation of company-owned retail party supply superstores in the United States, the sale of franchises on an individual store and franchise area basis throughout the United States and Puerto Rico and e-commerce operations through our PartyCity.com website.

     The Company’s industry segment data for the three months ended June 30, 2011 and 2010 is as follows:

	Wholesale			Retail		Consolidated
Three Months Ended June 30, 2011
Revenues:
Net sales	$	213,971		$	269,638	$	483,609
Royalties and franchise fees		—			4,550		4,550
Total revenues		213,971			274,188		488,159
Eliminations		(72,107	)		—		(72,107	)
Net revenues	$	141,864		$	274,188	$	416,052
Income from operations	$	25,300		$	17,722	$	43,022
Interest expense, net							20,312
Other expense, net							185
Income before income tax benefit						$	22,525
Depreciation and amortization	$	5,283		$	8,707	$	13,990
Total assets	$	1,039,170		$	690,411	$	1,729,581

	Wholesale			Retail		Consolidated
Three Months Ended June 30, 2010
Revenues:
Net sales	$	183,465		$	239,938	$	423,403
Royalties and franchise fees		—			4,453		4,453
Total revenues		183,465			244,391		427,856
Eliminations		(70,698	)		—		(70,698	)
Net revenues	$	112,767		$	244,391	$	357,158
Income from operations	$	21,177		$	14,190	$	35,367
Interest expense, net							9,126
Other expense, net							122
Income before income tax benefit						$	26,119
Depreciation and amortization	$	5,125		$	7,007	$	12,132
Total assets	$	810,928		$	713,674	$	1,524,602

     The Company’s industry segment data for the six months ended June 30, 2011 and 2010 is as follows:

	Wholesale			Retail		Consolidated
Six Months Ended June 30, 2011
Revenues:
Net sales	$	413,547		$	489,744	$	903,291
Royalties and franchise fees		—			8,231		8,231
Total revenues		413,547			497,975		911,522
Eliminations		(139,288	)		—		(139,288	)
Net revenues	$	274,259		$	497,975	$	772,234
Income from operations	$	42,586		$	17,044	$	59,630
Interest expense, net							40,680
Other expense, net							247
Income before income tax benefit						$	18,703
Depreciation and amortization	$	10,417		$	16,822	$	27,239
Total assets	$	1,039,170		$	690,411	$	1,729,581

	Wholesale			Retail		Consolidated
Six Months Ended June 30, 2010
Revenues:
Net sales	$	344,424		$	438,394	$	782,818
Royalties and franchise fees		—			8,297		8,297
Total revenues		344,424			446,691		791,115
Eliminations		(125,734	)		—		(125,734	)
Net revenues	$	218,690		$	446,691	$	665,381
Income from operations	$	38,589		$	5,068	$	43,655
Interest expense, net							18,427
Other expense, net							53
Income before income tax benefit						$	25,175
Depreciation and amortization	$	9,516		$	14,190	$	23,706
Total assets	$	810,928		$	713,674	$	1,524,602

     Geographic Segments

     The Company’s export sales, other than inter-company sales between geographic areas, are not material. Inter-company sales between geographic areas primarily consist of sales of finished goods for distribution in foreign markets, and are made at cost plus a share of operating profit. No single foreign operation is significant to the Company’s consolidated operations.