Revenue from Contracts with Customers

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Revenue from Contracts with Customers

Note 16 – Revenue from Contracts with Customers

The following table summarizes revenue from contracts with customers for the three months ended June 30, 2021 and 2020:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Retail Net Sales:
North American Party City Stores	$	441,675	$	181,404	$	771,720	$	471,035
Other*		2,137		4,378		5,374		17,723
Total Retail Net Sales	$	443,812	$	185,782	$	777,094	$	488,758
Wholesale Net Sales:
Domestic	$	61,789	$	39,121	$	117,146	$	97,875
International		30,145		29,788		68,313		82,101
Total Wholesale Net Sales	$	91,934	$	68,909	$	185,459	$	179,976
Total Consolidated Revenue	$	535,746	$	254,691	$	962,553	$	668,734

*Includes royalties and franchise fees. Prior year amounts conformed to current year presentation.

The Company maintains allowances for credit losses resulting from the inability of the Company’s customers to make required payments. Judgment is required in assessing the ultimate realization of these receivables, including consideration of the Company’s history of receivable write-offs, the level of past due accounts and the economic status of the Company’s customers. In an effort to identify adverse trends relative to customer economic status, the Company assesses the financial health of the markets it operates in and performs periodic credit evaluations of its customers and ongoing reviews of account balances and aging of receivables. Amounts are considered past due when payment has not been received within the time frame of the credit terms extended. Write-offs are charged directly against the allowance for credit losses and occur only after all collection efforts have been exhausted. The Company will continue to actively monitor the impact of the COVID-19 pandemic on expected losses. At June 30, 2021, December 31, 2020 and June 30, 2020, the allowance for credit losses was $7,933, $7,232 and $8,620, respectively.