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Quarterly Results
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results
Note 20—Quarterly Results (Unaudited)
Despite a concentration of holidays in the fourth quarter of the year, as a result of the Company’s expansive product lines and customer base and increased promotional activities, the impact of seasonality on the quarterly results of the Company’s wholesale operations has been limited. However, due to Halloween and Christmas, the inventory balances of the Company’s wholesale operations are slightly higher during the third quarter than during the remainder of the year. Additionally, the promotional activities of the Company’s wholesale business, including special dating terms, particularly with respect to Halloween products sold to retailers and other distributors, result in slightly higher accounts receivable balances during the third quarter. The Company’s retail operations are subject to significant seasonal variations. Historically, the Company’s retail operations have realized a significant portion of their revenues, cash flow and net income in the fourth quarter of the year, principally due to Halloween sales in October and, to a lesser extent,
year-end
holiday sales.
The
following
table sets forth our historical revenues, gross profit, (loss) income from operations, net (loss) income, net (loss) income attributable to common shareholders of Party City Holdco Inc., and net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Basic and Diluted for each of the following quarters: 
   
For the Three Months Ended,
 
2019:
 
March 31,
 
  
June 30,
 
  
September 30,
 
  
December 31,
 
Revenues:
   
     
     
     
 
Net sales
  $
511,102
     $
561,702
     $
538,345
     $
728,361
 
Royalties and franchise fees
   
2,014
      
2,189
      
1,886
      
3,190
 
Gross profit
   
172,060
      
208,646
      
164,932
      
293,239
 
(Loss) income from operations
   
(10,297
 )    
97,485
      
(277,526
 )    
(227,055
 )
Net
(
l
oss) income
   
(30,289
 )    
48,005
      
(281,745
 )    
(268,829
 )
Net (loss) income attributable to common shareholders of Party City Holdco Inc.
   
(30,218
 )    
48,074
      
(281,533
 )    
(268,818
 )
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Basic
  $
(0.32
 )   $
0.52
     $
(3.02
 )   $
(2.88
 )
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Diluted
  $
(0.32
 )   $
0.51
     $
(3.02
 )   $
(2.88
 )
 
 
 
                                 
 
For the Three Months Ended,
 
2018:
 
March 31,
 
  
June 30,
 
  
September 30,
 
  
December 31,
 
Revenues:
   
     
     
     
 
Net sales
  $
505,108
     $
558,101
     $
550,840
     $
802,393
  
Royalties and franchise fees
   
2,716
      
2,910
      
2,206
      
3,241
  
Gross profit
   
188,142
      
228,624
      
201,199
      
363,119
  
Income from operations
   
22,256
      
65,451
      
31,738
      
158,840
  
Net (loss) income
   
(1,163
 )    
28,048
      
(2,440
 )    
98,374
  
Net (loss) income attributable to common shareholders of Party City Holdco Inc.
   
(1,133
 )    
28,487
      
(2,420
 )    
98,325
  
Net (loss) income per share attributable to common
shareholders
of Party City Holdco Inc.—Basic
  $
(0.01
 )   $
0.30
     $
(0.03
 )   $
1.03
  
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Diluted
  $
(0.01
 )   $
0.29
     $
(0.03
 )   $
1.02