Segment Information

12 Months Ended

Dec. 31, 2020

Segment Reporting [Abstract]

Segment Information

Note 19 — Segment Information

Industry Segments

The Company has two identifiable business segments. The Wholesale segment designs, manufactures, contracts for manufacture and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties and stationery throughout the world. The Retail segment operates specialty retail party supply stores in the United States, principally under the names Party City and Halloween City, and it operates e-commerce websites, principally through the domain name PartyCity.com.

The Company’s industry segment data for the years ended December 31, 2020, December 31, 2019, and December 31, 2018 are as follows:

	Wholesale			Retail			Consolidated
Year Ended December 31, 2020
Revenues:
Net sales	$	940,228		$	1,375,079		$	2,315,307
Royalties and franchise fees		—			7,246			7,246
Total revenues		940,228			1,382,325			2,322,553
Eliminations		(471,863	)		—			(471,863	)
Net revenues		468,365			1,382,325			1,850,690
(Loss) from operations	$	(303,663	)	$	(573,838	)	$	(877,501	)
Interest expense, net								77,043
Other expense, net								3,715
Gain on debt refinancing								(273,149	)
Loss before income taxes								(685,110	)
Depreciation and amortization		25,813			50,693			76,506
Capital expenditures		(22,206	)		(28,922	)		(51,128	)
Total assets	$	1,123,322		$	1,683,133		$	2,806,455

	Wholesale			Retail			Consolidated
Year Ended December 31, 2019
Revenues:
Net sales	$	1,240,026		$	1,742,136		$	2,982,162
Royalties and franchise fees		—			9,279			9,279
Total revenues		1,240,026			1,751,415			2,991,441
Eliminations		(642,652	)		—			(642,652	)
Net revenues	$	597,374		$	1,751,415		$	2,348,789
Income from operations	$	4,152		$	(421,545	)	$	(417,393	)
Interest expense, net								114,899
Other expense, net								1,871
Income before income taxes							$	(534,163	)
Depreciation and amortization	$	27,845		$	53,271		$	81,116
Capital expenditures	$	29,480		$	32,253		$	61,733
Total assets	$	1,912,522		$	1,682,797		$	3,595,319

	Wholesale			Retail		Consolidated
Year Ended December 31, 2018
Revenues:
Net sales	$	1,325,490		$	1,802,834	$	3,128,324
Royalties and franchise fees		—			11,073		11,073
Total revenues		1,325,490			1,813,907		3,139,397
Eliminations		(711,882	)		—		(711,882	)
Net revenues	$	613,608		$	1,813,907	$	2,427,515
Income from operations	$	45,180		$	233,105	$	278,285
Interest expense, net							105,706
Other expense, net							10,982
Income before income taxes						$	161,597
Depreciation and amortization	$	28,368		$	50,207	$	78,575
Capital expenditures	$	33,890		$	51,771	$	85,661

Geographic Regions

Export sales of metallic balloons of $19,847, $22,728, and $23,567 during the years ended December 31, 2020, December 31, 2019, and December 31, 2018, respectively, are included in domestic sales to unaffiliated customers below. Intercompany sales between geographic areas primarily consist of sales of finished goods and are generally made at cost plus a share of operating profit.

The Company’s geographic area data follows:

	Domestic			Foreign		Eliminations			Consolidated
Year Ended December 31, 2020
Revenues:
Net sales to unaffiliated customers	$	1,574,048		$	269,396	$	—		$	1,843,444
Net sales between geographic areas		167,945			113,828		(281,773	)		—
Net sales		1,741,993			383,224		(281,773	)		1,843,444
Royalties and franchise fees		7,246			—		—			7,246
Total revenues	$	1,749,239		$	383,224	$	(281,773	)	$	1,850,690
(Loss) from operations	$	(644,338	)	$	14,189	$	(247,352	)	$	(877,501	)
Interest expense, net										77,043
Other expense, net/(Gain) on debt refinancing										(269,434	)
(Loss) before income taxes									$	(685,110	)
Depreciation and amortization	$	70,586		$	5,920				$	76,506
Total long-lived assets (excluding goodwill, trade names and other intangible assets, net)	$	103,885		$	24,746				$	128,631
Total assets	$	2,518,490		$	287,965	$	—		$	2,806,455

	Domestic			Foreign			Eliminations			Consolidated
Year Ended December 31, 2019
Revenues:
Net sales to unaffiliated customers	$	1,968,319		$	371,191		$	—		$	2,339,510
Net sales between geographic areas		57,117			86,811			(143,928	)		—
Net sales		2,025,436			458,002			(143,928	)		2,339,510
Royalties and franchise fees		9,279			—			—			9,279
Total revenues	$	2,034,715		$	458,002		$	(143,928	)	$	2,348,789
Income from operations	$	(412,225	)	$	(5,168	)	$	—		$	(417,393	)
Interest expense, net											114,899
Other expense, net											1,871
Income before income taxes										$	(534,163	)
Depreciation and amortization	$	72,701		$	8,415					$	81,116
Total long-lived assets (excluding goodwill, trade    names and other intangible assets, net)	$	224,692		$	26,156					$	250,848
Total assets	$	3,317,305		$	278,014		$	—		$	3,595,319

	Domestic		Foreign		Eliminations			Consolidated
Year Ended December 31, 2018
Revenues:
Net sales to unaffiliated customers	$	2,015,899	$	400,543	$	—		$	2,416,442
Net sales between geographic areas		65,416		110,185		(175,601	)		—
Net sales		2,081,315		510,728		(175,601	)		2,416,442
Royalties and franchise fees		11,073		—		—			11,073
Total revenues	$	2,092,388	$	510,728	$	(175,601	)	$	2,427,515
Income from operations	$	264,440	$	13,845	$	—		$	278,285
Interest expense, net									105,706
Other income, net									10,982
Income before income taxes								$	161,597
Depreciation and amortization	$	70,011	$	8,564				$	78,575