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Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Total revenues $ 1,850,690 $ 2,348,789 $ 2,427,515
Expenses:      
Cost of sales 1,369,935 1,500,633 1,435,358
Wholesale selling expenses 50,121 67,103 71,502
Retail operating expenses 387,398 440,395 425,996
Franchise expenses 12,146 13,152 13,214
General and administrative expenses 210,244 177,672 172,764
Art and development costs 17,638 23,203 23,388
Development stage expenses 2,932 10,736 7,008
Gain on sale/leaseback transaction   (58,381)  
Store impairment and restructuring charges 22,449 29,038  
Loss on assets held for sale 73,948    
Goodwill, intangibles and long-lived assets impairment 581,380 562,631  
Total expenses 2,728,191 2,766,182 2,149,230
(Loss) income from operations (877,501) (417,393) 278,285
Interest expense, net 77,043 114,899 105,706
Other expense, net 3,715 1,871 10,982
(Gain) on debt refinancing (273,149)    
(Loss) income before income taxes (685,110) (534,163) 161,597
Income tax expense (benefit) (156,653) (1,305) 38,778
Net (loss) income (528,457) (532,858) 122,819
Add: Net income attributable to redeemable securities holder     409
Less: Net loss attributable to noncontrolling interests (219) (363) (31)
Net (loss) income attributable to common shareholders of Party City Holdco Inc $ (528,238) $ (532,495) $ 123,259
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Basic $ (5.24) $ (5.71) $ 1.28
Net (loss) income per share attributable to common shareholders of Party City Holdco Inc.—Diluted $ (5.24) $ (5.71) $ 1.27
Weighted-average number of common shares—Basic 100,804,944 93,295,692 96,133,144
Weighted-average number of common shares—Diluted 100,804,944 93,295,692 97,271,050
Other comprehensive (loss) income, net of tax:      
Foreign currency adjustments $ 6,143 $ 12,599 $ (14,479)
Cash flow hedges (352) 845 1,063
Other comprehensive income (loss), net 5,791 13,444 (13,416)
Comprehensive (loss) income (522,666) (519,414) 109,403
Add: Comprehensive income attributable to redeemable securities holder     409
Less: Comprehensive loss attributable to noncontrolling interests (246) (386) (64)
Comprehensive (loss) income attributable to common shareholders of Party City Holdco Inc. (522,420) (519,028) 109,876
Net Sales [Member]      
Revenues:      
Revenues 1,843,444 2,339,510 2,416,442
Royalties and Franchise Fees [Member]      
Revenues:      
Revenues $ 7,246 $ 9,279 $ 11,073