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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Current assets:      
Cash and cash equivalents $ 39,237 $ 47,914 $ 84,452
Accounts receivable, net 93,445 93,301 86,745
Inventories, net 676,731 443,295 426,128
Prepaid expenses and other current assets 239,865 57,656 68,363
Income tax receivable 1,499 56,317 55,421
Total current assets 1,050,777 698,483 721,109
Property, plant and equipment, net 240,480 221,870 218,532
Operating lease asset 716,572 693,875 684,802
Goodwill 664,269 664,296 660,597
Trade names 383,749 383,737 383,761
Other intangible assets, net 20,916 23,687 27,825
Other assets, net 26,931 25,952 26,193
Total assets 3,103,694 2,711,900 2,722,819
Current liabilities:      
Loans and notes payable 231,911 84,181 99,933
Accounts payable 275,316 161,736 129,802
Accrued expenses 181,671 195,531 190,347
Current portion of operating lease liability 116,816 116,437 136,749
Income taxes payable 9,656 10,801 2,537
Current portion of long-term obligations 920 1,373 1,265
Total current liabilities 816,290 570,059 560,633
Long-term obligations, excluding current portion 1,347,322 1,351,189 1,358,916
Long-term portion of operating lease liability 677,016 655,875 625,157
Deferred income tax liabilities, net 21,138 29,195 37,052
Other long-term liabilities 21,952 22,868 33,288
Total liabilities 2,883,718 2,629,186 2,615,046
Commitments and contingencies
Stockholders’ equity:      
Common stock (112,990,705, 112,170,944 and 111,476,496 shares outstanding and 125,498,610, 124,157,500 and 122,790,983 shares issued at June 30, 2022, December 31, 2021, and June 30, 2021, respectively) 1,384 1,384 1,383
Additional paid-in capital 986,307 982,307 978,167
Accumulated deficit (436,701) (571,985) (549,693)
Accumulated other comprehensive income 3,124 3,541 6,096
Total Party City Holdco Inc. stockholders’ equity before common stock held in treasury 554,114 415,247 435,953
Less: Common stock held in treasury, at cost (12,507,905, 11,986,556 and 11,314,487 shares at June 30, 2022, December 31, 2021, and June 30, 2021, respectively) (334,138) (332,533) (327,394)
Total Party City Holdco Inc. stockholders’ equity 219,976 82,714 108,559
Noncontrolling interests 0 0 (786)
Total stockholders’ equity 219,976 82,714 107,773
Total liabilities and stockholders’ equity $ 3,103,694 $ 2,711,900 $ 2,722,819