falsedesktopPRTY2020-09-30000156459020052478{"tbl_sim": "https://q10k.com/tbl-sim", "search": "https://q10k.com/search"}{"q10k_tbl_0": "Large accelerated filer\t☐\tAccelerated filer\t☒\nNon-accelerated filer\t☐\tSmaller reporting company\t☐\n\t\tEmerging Growth Company\t☐\n", "q10k_tbl_1": "\tPage\nPART I\t\nItem 1. Condensed Consolidated Financial Statements (Unaudited)\t\nCondensed Consolidated Balance Sheets at September 30 2020 and December 31 2019\t3\nCondensed Consolidated Statements of Operations and Comprehensive Loss for the Three Months Ended September 30 2020 and September 30 2019\t4\nCondensed Consolidated Statements of Operations and Comprehensive Loss for the Nine Months Ended September 30 2020 and September 30 2019\t5\nCondensed Consolidated Statements of Stockholders' Equity for the Three Months ended September 30 2020 and September 30 2019\t6\nCondensed Consolidated Statements of Stockholders' Equity for the Nine Months Ended September 30 2020 and September 30 2019\t7\nCondensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30 2020 and September 30 2019\t8\nNotes to Condensed Consolidated Financial Statements\t9\nItem 2. Management's Discussion and Analysis of Financial Condition and Results of Operations\t23\nItem 3. Quantitative and Qualitative Disclosures about Market Risk\t45\nItem 4. Controls and Procedures\t45\nPART II\t\nItem 1. Legal Proceedings\t46\nItem 1A. Risk Factors\t46\nItem 6. Exhibits\t47\nSignature\t48\n", "q10k_tbl_2": "\tSeptember 30 2020\tDecember 31 2019\n\t(Note 2) (Unaudited)\t(Note 2)\nASSETS\t\t\nCurrent assets:\t\t\nCash and cash equivalents\t170562\t34917\nAccounts receivable net\t149825\t149109\nInventories net\t630357\t658419\nPrepaid expenses and other current assets\t112038\t51685\nTotal current assets\t1062782\t894130\nProperty plant and equipment net\t206447\t243572\nOperating lease asset\t741524\t802634\nGoodwill\t669564\t1072330\nTrade names\t383666\t530320\nOther intangible assets net\t34505\t45060\nOther assets net\t9521\t7273\nTotal assets\t3108009\t3595319\nLIABILITIES REDEEMABLE SECURITIES AND STOCKHOLDERS' EQUITY\t\t\nCurrent liabilities:\t\t\nLoans and notes payable\t303894\t128806\nAccounts payable\t179938\t152300\nAccrued expenses\t202636\t150921\nCurrent portion of operating lease liability\t194476\t155471\nIncome taxes payable\t0\t35905\nCurrent portion of long-term obligations\t14342\t71524\nTotal current liabilities\t895286\t694927\nLong-term obligations excluding current portion\t1334338\t1503987\nLong-term portion of operating lease liability\t677183\t720735\nDeferred income tax liabilities net\t49508\t126081\nOther long-term liabilities\t15559\t16517\nTotal liabilities\t2971874\t3062247\nRedeemable securities\t0\t3351\nCommitments and contingencies\t\t\nStockholders' equity:\t\t\nCommon stock (110573555 and 94461576 shares outstanding and 121848074 and 121662540 shares issued at September 30 2020 and December 31 2019 respectively)\t1371\t1211\t\nAdditional paid-in capital\t970145\t928573\nAccumulated deficit\t(469040)\t(37219)\nAccumulated other comprehensive loss\t(38907)\t(35734)\nTotal Party City Holdco Inc. stockholders' equity before common stock held in treasury\t463569\t856831\nLess: Common stock held in treasury at cost (11274519 and 27200964 shares at September 30 2020 and December 31 2019 respectively)\t(327170)\t(327086)\nTotal Party City Holdco Inc. stockholders' equity\t136399\t529745\nNoncontrolling interests\t(264)\t(24)\nTotal stockholders' equity\t136135\t529721\nTotal liabilities redeemable securities and stockholders' equity\t3108009\t3595319\n", "q10k_tbl_3": "\tThree Months Ended September 30\t\n\t2020\t2019\nRevenues:\t\t\nNet sales\t532053\t538345\nRoyalties and franchise fees\t1722\t1886\nTotal revenues\t533775\t540231\nCost of sales\t355923\t373413\nWholesale selling expenses\t11950\t16084\nRetail operating expenses\t97100\t111595\nFranchise expenses\t2795\t3274\nGeneral and administrative expenses\t42191\t43062\nArt and development costs\t4257\t5927\nDevelopment stage expenses\t0\t2728\nStore impairment and restructuring charges\t1926\t2574\nGoodwill intangibles and long-lived assets impairment\t44732\t259100\nTotal expenses\t560874\t817757\n(Loss) from operations\t(27099)\t(277526)\nInterest expense net\t13422\t29424\nOther (income) expense net\t(2873)\t2047\n(Gain) on debt refinancing\t(273149)\t0\nIncome (loss) before income taxes\t235501\t(308997)\nIncome tax (benefit)\t(4164)\t(27252)\nNet income (loss)\t239665\t(281745)\nLess: Net (loss) attributable to noncontrolling interests\t(42)\t(212)\nNet income (loss) attributable to common shareholders of Party City Holdco Inc.\t239707\t(281533)\nNet income (loss) per share attributable to common shareholders of Party City Holdco Inc.-Basic\t2.25\t(3.02)\nNet income (loss) per share attributable to common shareholders of Party City Holdco Inc.-Diluted\t2.24\t(3.02)\nWeighted-average number of common shares-Basic\t106709307\t93346448\nWeighted-average number of common shares-Diluted\t106875631\t93346448\nDividends declared per share\t0\t0\nComprehensive income (loss)\t244607\t(288573)\nLess: Comprehensive (loss) attributable to noncontrolling interests\t(42)\t(213)\nComprehensive income (loss) attributable to common shareholders of Party City Holdco Inc.\t244649\t(288360)\n", "q10k_tbl_4": "\tNine Months Ended September 30\t\n\t2020\t2019\nRevenues:\t\t\nNet sales\t1198160\t1611149\nRoyalties and franchise fees\t4349\t6089\nTotal revenues\t1202509\t1617238\nCost of sales\t890587\t1065511\nWholesale selling expenses\t37115\t50929\nRetail operating expenses\t250502\t302756\nFranchise expenses\t9225\t9813\nGeneral and administrative expenses\t162118\t126497\nArt and development costs\t13095\t17568\nDevelopment stage expenses\t2932\t7966\n(Gain) on sale/leaseback transaction\t0\t(58381)\nStore impairment and restructuring charges\t20818\t25817\nGoodwill intangibles and long-lived assets impairment\t581380\t259100\nTotal expense\t1967772\t1807576\n(Loss) from operations\t(765263)\t(190338)\nInterest expense net\t63954\t88857\nOther expense net\t4287\t6643\n(Gain) on debt refinancing\t(273149)\t0\n(Loss) before income taxes\t(560355)\t(285838)\nIncome tax (benefit)\t(128293)\t(21809)\nNet (loss)\t(432062)\t(264029)\nLess: Net (loss) attributable to noncontrolling interests\t(241)\t(352)\nNet (loss) attributable to common shareholders of Party City Holdco Inc.\t(431821)\t(263677)\nNet (loss) per share attributable to common shareholders of Party City Holdco Inc.-Basic\t(4.41)\t(2.83)\nNet (loss) per share attributable to common shareholders of Party City Holdco Inc.-Diluted\t(4.41)\t(2.83)\nWeighted-average number of common shares-Basic\t97872174\t93271392\nWeighted-average number of common shares-Diluted\t97872174\t93271392\nDividends declared per share\t0\t0\nComprehensive (loss)\t(435235)\t(266883)\nLess: Comprehensive (loss) attributable to noncontrolling interests\t(241)\t(364)\nComprehensive (loss) attributable to common shareholders of Party City Holdco Inc.\t(434994)\t(266519)\n", "q10k_tbl_5": "\tCommon Stock\tAdditional Paid-in Capital\tAccumulated Deficit\tAccumulated Other Comprehensive Loss\tTotal Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury\tCommon Stock Held In Treasury\tTotal Party City Holdco Inc. Stockholders' Equity\tNon- Controlling Interests\tTotal Stockholders' Equity\nBalance at June 30 2020\t1211\t941745\t(708747)\t(43849)\t190360\t(327170)\t(136810)\t(206)\t(137016)\nNet income (loss)\t0\t0\t239707\t0\t239707\t0\t239707\t(42)\t239665\nStock option expense - time - based\t0\t111\t0\t0\t111\t0\t111\t0\t111\nRestricted stock units - time-based\t0\t429\t0\t0\t429\t0\t429\t0\t429\nRestricted stock unit expense - performance-based\t0\t481\t0\t0\t481\t0\t481\t0\t481\nAcquired non-controlling interest\t0\t(202)\t0\t0\t(202)\t0\t(202)\t(16)\t(218)\nIssuance of Stock for New Debt\t160\t27581\t0\t0\t27741\t0\t27741\t0\t27741\nForeign currency adjustments\t0\t0\t0\t5076\t5076\t0\t5076\t0\t5076\nImpact of foreign exchange contracts net\t0\t0\t0\t(134)\t(134)\t0\t(134)\t0\t(134)\nBalance at September 30 2020\t1371\t970145\t(469040)\t(38907)\t463569\t(327170)\t136399\t(264)\t136135\n", "q10k_tbl_6": "\tCommon Stock\tAdditional Paid-in Capital\tRetained Earnings\tAccumulated Other Comprehensive Loss\tTotal Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury\tCommon Stock Held In Treasury\tTotal Party City Holdco Inc. Stockholders' Equity\tNon- Controlling Interests\tTotal Stockholders' Equity\nBalance at June 30 2019\t1210\t926838\t513130\t(45216)\t1395962\t(327086)\t1068876\t211\t1069087\nNet income (loss)\t0\t0\t(281533)\t0\t(281533)\t0\t(281533)\t(212)\t(281745)\nStock option expense\t0\t409\t0\t0\t409\t0\t409\t0\t409\nRestricted stock units - time-based\t0\t610\t0\t0\t610\t0\t610\t0\t610\nRestricted stock units - performance-based\t0\t560\t0\t0\t560\t0\t560\t0\t560\nDirector - non-cash compensation\t0\t148\t0\t0\t148\t0\t148\t0\t148\nWarrant expense\t0\t128\t0\t0\t128\t0\t128\t0\t128\nExercise of stock option\t1\t56\t0\t0\t57\t0\t57\t0\t57\nForeign currency adjustments\t0\t0\t0\t(6920)\t(6920)\t0\t(6920)\t(1)\t(6921)\nImpact of foreign exchange contracts net\t0\t0\t0\t93\t93\t0\t93\t0\t93\nBalance at September 30 2019\t1211\t928749\t231597\t(52043)\t1109514\t(327086)\t782428\t(2)\t782426\n", "q10k_tbl_7": "\tCommon Stock\tAdditional Paid-in Capital\tAccumulated Deficit\tAccumulated Other Comprehensive Loss\tTotal Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury\tCommon Stock Held In Treasury\tTotal Party City Holdco Inc. Stockholders' Equity\tNon- Controlling Interests\tTotal Stockholders' Equity\nBalance at December 31 2019\t1211\t928573\t(37219)\t(35734)\t856831\t(327086)\t529745\t(24)\t529721\nNet loss\t0\t0\t(431821)\t0\t(431821)\t0\t(431821)\t(241)\t(432062)\nStock option expense - time - based\t0\t671\t0\t0\t671\t0\t671\t0\t671\nStock option expense - performance - based\t\t7847\t0\t0\t7847\t0\t7847\t0\t7847\nRestricted stock units - time - based\t0\t1568\t0\t0\t1568\t0\t1568\t0\t1568\nRestricted stock unit expense - performance-based\t0\t481\t0\t0\t481\t0\t481\t0\t481\nDirector - non-cash compensation\t0\t75\t0\t0\t75\t0\t75\t0\t75\nWarrant expense (see Note 19 - Kazzam LLC)\t0\t1033\t0\t0\t1033\t0\t1033\t0\t1033\nAcquired non-controlling interest\t0\t2316\t0\t0\t2316\t0\t2316\t1\t2317\nTreasury stock purchases\t0\t0\t0\t0\t0\t(84)\t(84)\t0\t(84)\nIssuance of Stock for Debt exchange including costs\t160\t27581\t0\t0\t27741\t0\t27741\t0\t27741\nForeign currency adjustments\t0\t0\t0\t(3111)\t(3111)\t0\t(3111)\t0\t(3111)\nImpact of foreign exchange contracts net\t0\t0\t0\t(62)\t(62)\t0\t(62)\t0\t(62)\nBalance at September 30 2020\t1371\t970145\t(469040)\t(38907)\t463569\t(327170)\t136399\t(264)\t136135\n", "q10k_tbl_8": "\tCommon Stock\tAdditional Paid-in Capital\tRetained Earnings (Deficit)\tAccumulated Other Comprehensive Loss\tTotal Party City Holdco Inc. Stockholders' Equity Before Common Stock Held In Treasury\tCommon Stock Held In Treasury\tTotal Party City Holdco Inc. Stockholders' Equity\tNon- Controlling Interests\tTotal Stockholders' Equity\nBalance at December 31 2018\t1208\t922476\t495777\t(49201)\t1370260\t(326930)\t1043330\t291\t1043621\nCumulative effect of change in accounting principle net (see Note 2)\t0\t662\t(503)\t0\t159\t0\t159\t0\t159\nBalance at December 31 2018 as adjusted\t1208\t923138\t495274\t(49201)\t1370419\t(326930)\t1043489\t291\t1043780\nNet income (loss)\t0\t0\t(263677)\t0\t(263677)\t0\t(263677)\t(352)\t(264029)\nStock option expense\t0\t1150\t0\t0\t1150\t0\t1150\t0\t1150\nRestricted stock units - time-based\t0\t1543\t0\t0\t1543\t0\t1543\t0\t1543\nRestricted stock units - performance-based\t0\t1036\t0\t0\t1036\t0\t1036\t0\t1036\nDirector - non-cash compensation\t0\t313\t0\t0\t313\t0\t313\t0\t313\nWarrant expense\t0\t386\t0\t0\t386\t0\t386\t0\t386\nExercise of stock options\t3\t1142\t0\t0\t1145\t0\t1145\t0\t1145\nAcquired non-controlling interest\t0\t41\t0\t0\t41\t0\t41\t71\t112\nTreasury Stock purchases\t0\t0\t0\t0\t0\t(156)\t(156)\t0\t(156)\nForeign currency adjustments\t0\t0\t0\t(2208)\t(2208)\t0\t(2208)\t(12)\t(2220)\nImpact of foreign exchange contracts net\t0\t0\t0\t(634)\t(634)\t0\t(634)\t0\t(634)\nBalance at September 30 2019\t1211\t928749\t231597\t(52043)\t1109514\t(327086)\t782428\t(2)\t782426\n", "q10k_tbl_9": "\tNine Months Ended September 30\t\n\t2020\t2019\nCash flows used in operating activities:\t\t\nNet (loss) income\t(432062)\t(264029)\nAdjustments to reconcile net income to net cash used in operating activities:\t\t\nDepreciation and amortization expense\t57796\t62380\nAmortization of deferred financing costs and original issuance discounts\t3276\t3511\nProvision for doubtful accounts\t5746\t1110\nDeferred income tax benefit\t(76833)\t(26458)\nChange in operating lease liability/asset\t32121\t(23361)\nUndistributed (income) loss in equity method investments\t356\t(195)\nLoss (gain) on disposal of assets\t83\t(59088)\nNon-cash adjustment for store impairment and restructuring charges\t16595\t19443\nGoodwill intangibles and long-lived assets impairment\t581380\t259100\nNon-employee equity-based compensation (see Note 19 - Kazzam LLC)\t1033\t386\nStock option expense - time - based\t671\t1150\nStock option expense - performance - based\t7847\t0\nRestricted stock unit expense - time-based\t1568\t1543\nRestricted stock unit and restricted cash awards expense - performance-based\t510\t1036\nDirectors - non-cash compensation\t75\t313\nGain on debt refinancing\t(273149)\t0\nChanges in operating assets and liabilities net of effects of acquired businesses:\t\t\n(Increase) in accounts receivable\t(8562)\t(23712)\nDecrease (increase) in inventories\t27959\t(35628)\nIncrease in prepaid expenses and other current assets\t(64715)\t(11009)\nDecrease (increase) in accounts payable accrued expenses and income taxes payable\t61478\t(88771)\nNet cash used in operating activities\t(56827)\t(182279)\nCash flows (used in) provided by investing activities:\t\t\nCash paid in connection with acquisitions net of cash acquired\t(362)\t(9485)\nCapital expenditures\t(32095)\t(45769)\nProceeds from disposal of property and equipment\t82\t113845\nNet cash (used in) provided by investing activities\t(32375)\t58591\nCash flows provided by financing activities:\t\t\nRepayment of loans notes payable and long-term obligations\t(122373)\t(106133)\nProceeds from loans notes payable and long-term obligations\t369785\t203381\nStock repurchases\t(85)\t(156)\nExercise of stock options\t0\t1145\nDebt issuance costs\t(19955)\t(411)\nNet cash provided by financing activities\t227372\t97826\nEffect of exchange rate changes on cash and cash equivalents\t(2659)\t1220\nNet increase (decrease) in cash and cash equivalents and restricted cash\t135511\t(24642)\nCash and cash equivalents and restricted cash at beginning of period\t35176\t59219\nCash and cash equivalents and restricted cash at end of period\t170687\t34577\nSupplemental disclosure of cash flow information:\t\t\nCash paid during the period for interest\t55999\t97744\nCash paid during the period for income taxes net of refunds\t24421\t34357\n", "q10k_tbl_10": "\tThree Months Ended September 30\t\n\t2020\t2019\nInventory reserves\t1184\t0\nOperating lease asset impairment\t137\t0\nLabor and other costs incurred closing stores\t1789\t2574\nTotal\t3110\t2574\n\tNine Months Ended September 30\t\n\t2020\t2019\nInventory reserves\t12880\t21285\nOperating lease asset impairment\t14530\t14149\nProperty plant and equipment impairment\t2065\t4680\nLabor and other costs incurred closing stores\t4223\t6327\nSeverance\t0\t661\nTotal\t33698\t47102\n", "q10k_tbl_11": "\tSeptember 30 2020\tDecember 31 2019\nFinished goods\t581735\t606036\nRaw materials\t28640\t34259\nWork in process\t19982\t18124\n\t630357\t658419\n", "q10k_tbl_12": "\tThree Months Ended September 30 2020\t\t\n\tForeign Currency Adjustments\tImpact of Foreign Exchange Contracts Net of Taxes\tTotal Net of Taxes\nBalance at June 30 2020\t(45621)\t1772\t(43849)\nOther comprehensive (loss) income before reclassifications net of tax\t5076\t(321)\t4755\nAmounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss net of income tax\t0\t187\t187\nNet current-period other comprehensive income\t5076\t(134)\t4942\nBalance at September 30 2020\t(40545)\t1638\t(38907)\n", "q10k_tbl_13": "\tThree Months Ended September 30 2019\t\t\n\tForeign Currency Adjustments\tImpact of Foreign Exchange Contracts Net of Taxes\tTotal Net of Taxes\nBalance at June 30 2019\t(45344)\t128\t(45216)\nOther comprehensive (loss) income before reclassifications\t(6920)\t166\t(6754)\nAmounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss net of income tax\t0\t(73)\t(73)\nNet current-period other comprehensive income (loss)\t(6920)\t93\t(6827)\nBalance at September 30 2019\t(52264)\t221\t(52043)\n", "q10k_tbl_14": "\tNine Months Ended September 30 2020\t\t\n\tForeign Currency Adjustments\tImpact of Foreign Exchange Contracts Net of Taxes\tTotal Net of Taxes\nBalance at December 31 2019\t(37434)\t1700\t(35734)\nOther comprehensive (loss) before reclassifications net of tax\t(3111)\t(251)\t(3362)\nAmounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive loss net of income tax\t0\t189\t189\nNet current-period other comprehensive (loss) income\t(3111)\t(62)\t(3173)\nBalance at September 30 2020\t(40545)\t1638\t(38907)\n", "q10k_tbl_15": "\tNine Months Ended September 30 2019\t\t\n\tForeign Currency Adjustments\tImpact of Foreign Exchange Contracts Net of Taxes\tTotal Net of Taxes\nBalance at December 31 2018\t(50056)\t855\t(49201)\nOther comprehensive (loss) income before reclassifications net of income tax\t(2208)\t226\t(1982)\nAmounts reclassified from accumulated other comprehensive loss to the condensed consolidated statement of operations and comprehensive income net of income tax\t0\t(860)\t(860)\nNet current-period other comprehensive income (loss)\t(2208)\t(634)\t(2842)\nBalance at September 30 2019\t(52264)\t221\t(52043)\n", "q10k_tbl_16": "\tWholesale\tRetail\tConsolidated\nThree Months Ended September 30 2020\t\t\t\nRevenues:\t\t\t\nNet sales\t346621\t364481\t711102\nRoyalties and franchise fees\t0\t1722\t1722\nTotal revenues\t346621\t366203\t712824\nEliminations\t(179049)\t0\t(179049)\nNet revenues\t167572\t366203\t533775\nLoss from operations\t(12738)\t(14361)\t(27099)\nInterest expense net\t\t\t13422\nOther expense net\t\t\t(2873)\nGain on debt refinancing\t\t\t(273149)\nIncome before income taxes\t\t\t235501\n", "q10k_tbl_17": "\tWholesale\tRetail\tConsolidated\nThree Months Ended September 30 2019\t\t\t\nRevenues:\t\t\t\nNet sales\t383425\t369467\t752892\nRoyalties and franchise fees\t0\t1886\t1886\nTotal revenues\t383425\t371353\t754778\nEliminations\t(214547)\t0\t(214547)\nNet revenues\t168878\t371353\t540231\nLoss from operations\t(32424)\t(245102)\t(277526)\nInterest expense net\t\t\t29424\nOther expense net\t\t\t2047\nLoss before income taxes\t\t\t(308997)\n", "q10k_tbl_18": "\tWholesale\tRetail\tConsolidated\nNine Months Ended September 30 2020\t\t\t\nRevenues:\t\t\t\nNet sales\t692715\t850612\t1543327\nRoyalties and franchise fees\t0\t4349\t4349\nTotal revenues\t692715\t854961\t1547676\nEliminations\t(345167)\t0\t(345167)\nNet revenues\t347548\t854961\t1202509\nLoss from operations\t(232178)\t(533085)\t(765263)\nInterest expense net\t\t\t63954\nOther expense net\t\t\t4287\nGain on debt refinancing\t\t\t(273149)\nLoss before income taxes\t\t\t(560355)\n", "q10k_tbl_19": "\tWholesale\tRetail\tConsolidated\nNine Months Ended September 30 2019\t\t\t\nRevenues:\t\t\t\nNet sales\t962793\t1170777\t2133570\nRoyalties and franchise fees\t0\t6089\t6089\nTotal revenues\t962793\t1176866\t2139659\nEliminations\t(522421)\t0\t(522421)\nNet revenues\t440372\t1176866\t1617238\nIncome (loss) from operations\t30096\t(220434)\t(190338)\nInterest expense net\t\t\t88857\nOther expense net\t\t\t6643\nLoss before income taxes\t\t\t(285838)\n", "q10k_tbl_20": "\tDerivative Assets\t\t\t\tDerivative Liabilities\t\t\t\n\tSeptember 30 2020\t\tDecember 31 2019\t\tSeptember 30 2020\t\tDecember 31 2019\t\n\tBalance Sheet Line\tFair Value\tBalance Sheet Line\tFair Value\tBalance Sheet Line\tFair Value\tBalance Sheet Line\tFair Value\nForeign Exchange Contracts\t(a) PP\t131\t(a) PP\t0\t(b) AE\t30\t(b) AE\t0\n", "q10k_tbl_21": "\tSeptember 30 2020\t\n\tCarrying Amount\tFair Value\nTerm Loan Credit Agreement\t693906\t569034\n6.125% Senior Notes - due 2023\t22765\t8253\n6.625% Senior Notes - due 2026\t106273\t23730\nFirst Lien Party City Notes\t207925\t155153\nFirst Lien Anagram Notes\t150958\t158056\nSecond Lien Anagram Notes\t152104\t120162\n", "q10k_tbl_22": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nNet (loss) income attributable to common shareholders of Party City Holdco Inc.\t239707\t(281533)\t(431821)\t(263677)\nWeighted average shares - Basic\t106709307\t93346448\t97872174\t93271392\nEffect of dilutive securities:\t\t\t\t\nWarrants\t0\t0\t0\t0\nRestricted stock units\t166324\t0\t0\t0\nStock options\t0\t0\t0\t0\nWeighted average shares - Diluted\t106875631\t93346448\t97872174\t93271392\nNet (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Basic\t2.25\t(3.02)\t(4.41)\t(2.83)\nNet (loss) income per share attributable to common shareholders of Party City Holdco Inc. - Diluted\t2.24\t(3.02)\t(4.41)\t(2.83)\n", "q10k_tbl_23": "\tSeptember 30 2020\tDecember 31 2019\nTerm Loan Credit Agreement\t693906\t718596\n6.125% Senior Notes - due 2023\t22765\t347015\n6.625% Senior Notes - due 2026\t106273\t494910\nFirst Lien Party City Notes\t207925\t0\nFirst Lien Anagram Notes\t150958\t0\nSecond Lien Anagram Notes\t152104\t0\nFinance lease obligations\t14749\t14990\nTotal long-term obligations\t1348680\t1575511\nLess: current portion\t(14342)\t(71524)\nLong-term obligations excluding current portion\t1334338\t1503987\n", "q10k_tbl_24": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\nRetail Net Sales:\t\t\t\t\nNorth American Party City Stores\t358246\t363633\t829281\t1164253\nOther\t6235\t5834\t21331\t6524\nTotal Retail Net Sales\t364481\t369467\t850612\t1170777\nRoyalties and Franchise Fees\t1722\t1886\t4349\t6089\nTotal Retail Revenue\t366203\t371353\t854961\t1176866\nWholesale Net Sales:\t\t\t\t\nDomestic\t79388\t82670\t177263\t231257\nInternational\t88184\t86208\t170285\t209115\nTotal Wholesale Net Sales\t167572\t168878\t347548\t440372\nTotal Consolidated Revenue\t533775\t540231\t1202509\t1617238\n", "q10k_tbl_25": "\tThree Months Ended September 30\t\t\t\t\n\t2020\t\t2019\t\t\n\t(Dollars in thousands)\t\t\t\t\nRevenues:\t\t\t\t\t\nNet sales\t532053\t99.7%\t538345\t99.7%\t\nRoyalties and franchise fees\t1722\t0.3\t1886\t0.3\t\nTotal revenues\t533775\t100.0\t540231\t100.0\t\nExpenses:\t\t\t\t\t\nCost of sales\t355923\t66.7\t373413\t69.1\t\nWholesale selling expenses\t11950\t2.2\t16084\t3.0\t\nRetail operating expenses\t97100\t18.2\t111595\t20.7\t\nFranchise expenses\t2795\t0.5\t3274\t0.6\t\nGeneral and administrative expenses\t42191\t7.9\t43062\t8.0\t\nArt and development costs\t4257\t0.8\t5927\t1.1\t\nDevelopment stage expenses\t0\t0.0\t2728\t0.5\t\nStore impairment and restructuring charges\t1926\t0.4\t2574\t0.5\t\nGoodwill intangibles and long-lived assets impairment\t44732\t8.4\t259100\t48.0\t\nTotal expenses\t560874\t105.1\t817757\t151.4\t\n(Loss) from operations\t(27099)\t(5.1)\t(277526)\t(51.4)\t\nInterest expense net\t13422\t2.5\t29424\t5.4\t\nOther (income) expense net\t(2873)\t(0.5)\t2047\t0.4\t\n(Gain) on debt refinancing\t(273149)\t(51.2)\t0\t0.0\t\nIncome (loss) before income taxes\t235501\t44.1\t(308997)\t(57.2)\t\nIncome tax (benefit)\t(4164)\t(0.8)\t(27252)\t(5.0)\t\nNet income (loss)\t239665\t44.9\t(281745)\t(52.2)\t\nLess: Net (loss) attributable to noncontrolling interests\t(42)\t0\t(212)\t0\t\nNet income (loss) attributable to common shareholders of Party City Holdco Inc.\t239707\t44.9%\t(281533)\t(52.1)\t%\nNet income (loss) per share attributable to common shareholders of Party City Holdco Inc.-Basic\t2.25\t\t(3.02)\t\t\nNet income (loss) per share attributable to common shareholders of Party City Holdco Inc.-Diluted\t2.24\t\t(3.02)\t\t\n", "q10k_tbl_26": "\tThree Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n\tDollars in Thousands\tPercentage of Total Revenues\tDollars in Thousands\tPercentage of Total Revenues\nNet Sales:\t\t\t\t\nWholesale\t346621\t64.9%\t383425\t71.0%\nEliminations\t(179049)\t(33.5)\t(214547)\t(39.7)\nNet wholesale\t167572\t31.4\t168878\t31.3\nRetail\t364481\t68.3\t369467\t68.4\nTotal net sales\t532053\t99.7\t538345\t99.7\nRoyalties and franchise fees\t1722\t0.3\t1886\t0.3\nTotal revenues\t533775\t100.0%\t540231\t100.0%\n", "q10k_tbl_27": "\tThree Months Ended September 30\t\t\t\n\t2020\t\t2019\t\n\tDollars in Thousands\tPercentage of Net Sales\tDollars in Thousands\tPercentage of Net Sales\nRetail\t133817\t36.7%\t128692\t34.8%\nWholesale\t42313\t25.3\t36240\t21.5\nTotal Gross Profit\t176130\t33.1%\t164932\t30.6%\n", "q10k_tbl_28": "\tNine Months Ended September 30\t\t\t\t\t\n\t2020\t\t2019\t\t\t\n\t(Dollars in thousands)\t\t\t\t\t\nRevenues:\t\t\t\t\t\t\nNet sales\t1198160\t99.6%\t\t1611149\t99.6%\t\nRoyalties and franchise fees\t4349\t0.4\t\t6089\t0.4\t\nTotal revenues\t1202509\t100.0\t\t1617238\t100.0\t\nExpenses:\t\t\t\t\t\t\nCost of sales\t890587\t74.1\t\t1065511\t65.9\t\nWholesale selling expenses\t37115\t3.1\t\t50929\t3.1\t\nRetail operating expenses\t250502\t20.8\t\t302756\t18.7\t\nFranchise expenses\t9225\t0.8\t\t9813\t0.6\t\nGeneral and administrative expenses\t162118\t13.5\t\t126497\t7.8\t\nArt and development costs\t13095\t1.1\t\t17568\t1.1\t\nDevelopment stage expenses\t2932\t0.2\t\t7966\t0.5\t\nGain on sale/leaseback transaction\t0\t0.0\t\t(58381)\t(3.6)\t\nStore impairment and restructuring charges\t20818\t1.7\t\t25817\t1.6\t\nGoodwill and intangibles impairment\t581380\t48.3\t\t259100\t16\t\nTotal expenses\t1967772\t163.6\t\t1807576\t111.8\t\n(Loss) from operations\t(765263)\t(63.6)\t\t(190338)\t(11.8)\t\nInterest expense net\t63954\t5.3\t\t88857\t5.5\t\nOther expense net\t4287\t0.4\t\t6643\t0.4\t\n(Gain) on debt refinancing\t(273149)\t(22.7)\t\t0\t0.0\t\n(Loss) before income taxes\t(560355)\t(46.6)\t\t(285838)\t(17.7)\t\nIncome tax (benefit)\t(128293)\t(10.7)\t\t(21809)\t(1.3)\t\nNet (loss)\t(432062)\t(35.9)\t\t(264029)\t(16.3)\t\nLess: Net (loss) attributable to noncontrolling interests\t(241)\t0\t\t(352)\t0\t\nNet (loss) attributable to common shareholders of Party City Holdco Inc.\t(431821)\t(35.9)\t%\t(263677)\t(16.3)\t%\nNet (loss) per share attributable to common shareholders of Party City Holdco Inc.-Basic\t(4.41)\t\t\t(2.83)\t\t\nNet (loss) per share attributable to common shareholders of Party City Holdco Inc.-Diluted\t(4.41)\t\t\t(2.83)\t\t\n", "q10k_tbl_29": "\tNine Months Ended September 30\t\t\t\t\n\t2020\t\t2019\t\t\n\tDollars in Thousands\tPercentage of Total Revenues\tDollars in Thousands\t\tPercentage of Total Revenues\nNet Sales:\t\t\t\t\t\nWholesale\t692715\t57.6%\t962793\t\t59.5%\nEliminations\t(345167)\t(28.7)\t\t(522421)\t(32.3)\nNet wholesale\t347548\t28.9\t\t440372\t27.2\nRetail\t850612\t70.7\t\t1170777\t72.4\nTotal net sales\t1198160\t99.6\t\t1611149\t99.6\nRoyalties and franchise fees\t4349\t0.4\t\t6089\t0.4\nTotal revenues\t1202509\t100.0%\t1617238\t\t100.0%\n", "q10k_tbl_30": "\tNine Months Ended September 30\t\t\t\t\n\t2020\t\t2019\t\t\n\tDollars in Thousands\tPercentage of Net Sales\tDollars in Thousands\t\tPercentage of Net Sales\nRetail\t257035\t30.2%\t436761\t\t37.3%\nWholesale\t50538\t14.5\t\t108877\t24.7\nTotal Gross Profit\t307573\t25.7%\t545638\t\t33.9%\n", "q10k_tbl_31": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\n(Dollars in thousands)\t\t\t\t\nNet (loss) income\t239665\t(281745)\t(432062)\t(264029)\nInterest expense net\t13422\t29424\t63954\t88857\nIncome tax (benefit)\t(4164)\t(27252)\t(128293)\t(21809)\nDepreciation and amortization\t17278\t19155\t57796\t62380\nEBITDA\t266201\t(260418)\t(438605)\t(134601)\nNon-cash purchase accounting adjustments\t0\t0\t0\t2757\nStore impairment and restructuring charges (a)\t6763\t8694\t36285\t54960\nOther restructuring retention and severance (b)\t2957\t(73)\t11701\t5248\nGoodwill intangibles and long-lived assets impairment (c)\t44732\t259100\t581380\t259100\nDeferred rent (d)\t254\t446\t(2618)\t(1042)\nClosed store expense (e)\t1247\t2326\t2882\t3424\nForeign currency losses/(gains) net\t(3312)\t646\t955\t486\nStock option expense - time - based (f)\t111\t409\t671\t1150\nStock option expense - performance - based (n)\t0\t0\t7847\t0\nRestricted stock unit and restricted cash awards expense - performance-based\t510\t0\t510\t0\nNon-employee equity-based compensation (g)\t0\t128\t1033\t386\nUndistributed income (loss) in equity method investments\t(59)\t7\t356\t(195)\nCorporate development expenses (h)\t581\t4588\t6193\t11782\nRestricted stock units - time-based (i)\t429\t610\t1568\t1543\nRestricted stock unit expense - performance-based (m)\t0\t560\t0\t1036\nNon-recurring legal settlements/costs\t661\t194\t7170\t1795\n(Gain) on debt refinancing (p)\t(273149)\t0\t(273149)\t0\nGain on sale/leaseback transaction (o)\t0\t0\t0\t(58381)\nCOVID - 19 (l)\t679\t0\t71059\t0\nOther\t546\t(75)\t3034\t217\nAdjusted EBITDA\t49151\t17142\t18272\t149665\n", "q10k_tbl_32": "\t\tThree Months Ended September 30 2020 EBITDA Adjustments\t\t\t\t\t\t\t\t\t\t\t\t\t\n\tSeptember 30 2020 GAAP Basis (as reported)\tGoodwill intangibles and long-lived assets impairment (c)\t\tStore impairment and restructuring charges (a)\tGain on debt refinancing (p)\tCorporate development expenses (h)\tLegal\tStock Option Expense/Non- Employee Equity Compensation/ Restricted stock units - time-based (f)(g)(i)(n)\tDeferred Rent (d)\tOther restructuring retention and severance (b)\tClosed store expense (e)\tCOVID- 19 (l)\tForeign currency losses\tOther\tSeptember 30 2020 Non-GAAP basis\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNet sales\t532053\t\t\t\t\t\t\t\t\t\t\t\t\t\t532053\nRoyalties and franchise fees\t1722\t\t\t\t\t\t\t\t\t\t\t\t\t\t1722\nTotal revenues\t533775\t\t\t\t\t\t\t\t\t\t\t\t\t\t533775\nCost of sales\t355923\t\t\t(4837)\t\t\t\t\t(80)\t\t\t(1266)\t\t(469)\t349271\nWholesale selling expenses\t11950\t\t\t\t\t\t\t\t\t\t\t\t\t\t11950\nRetail operating expenses\t97100\t\t\t\t\t\t\t\t(224)\t\t(1225)\t(1745)\t\t\t93906\nFranchise expenses\t2795\t\t\t\t\t\t\t\t\t\t\t\t\t\t2795\nGeneral and administrative expenses\t42191\t\t\t\t\t(370)\t(661)\t(1050)\t50\t(2957)\t(22)\t2332\t\t\t39513\nArt and development costs\t4257\t\t\t\t\t\t\t\t\t\t\t\t\t\t4257\nStore impairment and restructuring charges\t1926\t\t\t(1926)\t\t\t\t\t\t\t\t\t\t\t0\nGoodwill intangibles and long-lived assets impairment\t44732\t\t(44732)\t\t\t\t\t\t\t\t\t\t\t\t0\nTotal expenses\t560874\t\t(44732)\t(6763)\t0\t(370)\t(661)\t(1050)\t(254)\t(2957)\t(1247)\t(679)\t0\t(469)\t501692\n(Loss) from operations\t(27099)\t\t\t\t\t\t\t\t\t\t\t\t\t\t32083\nInterest expense net\t13422\t\t\t\t\t\t\t\t\t\t\t\t\t\t13422\nOther (income) expense net\t(2873)\t\t\t\t\t(211)\t\t\t\t\t\t\t3312\t(18)\t210\n(Gain) on debt refinancing\t(273149)\t\t\t\t273149\t\t\t\t\t\t\t\t\t\t0\nIncome (loss) before income taxes\t235501\t\t\t\t\t\t\t\t\t\t\t\t\t\t18451\nInterest expense net\t13422\t\t\t\t\t\t\t\t\t\t\t\t\t\t13422\nDepreciation and amortization\t17278\t\t\t\t\t\t\t\t\t\t\t\t\t\t17278\nEBITDA\t266201\t\t\t\t\t\t\t\t\t\t\t\t\t\t49151\nAdjustments to EBITDA\t(217050)\t\t(44732)\t(6763)\t273149\t(581)\t(661)\t(1050)\t(254)\t(2957)\t(1247)\t(679)\t3312\t(487)\t0\nAdjusted EBITDA\t49151\t(44732)\t\t(6763)\t273149\t(581)\t(661)\t(1050)\t(254)\t(2957)\t(1247)\t(679)\t3312\t(487)\t49151\n", "q10k_tbl_33": "\t\tThree Months Ended September 30 2019 EBITDA Adjustments\t\t\t\t\t\t\t\t\t\t\t\n\tSeptember 30 2019 GAAP Basis (as reported)\tGoodwill intangibles and long-lived assets impairment (c)\tStore impairment and restructuring charges (a)\tGain on sale/leaseback transaction (o)\tCorporate development expenses (h)\tLegal\tStock Option Expense/Non- Employee Equity Compensation/ Restricted stock units - time-based (f)(g)(i)(m)\tDeferred Rent (d)\tOther restructuring retention and severance (b)\tClosed store expense (e)\tForeign currency gains\tOther\tSeptember 30 2019 Non-GAAP basis\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\t\t\nNet sales\t538345\t\t\t\t\t\t\t\t\t\t\t\t538345\nRoyalties and franchise fees\t1886\t\t\t\t\t\t\t\t\t\t\t\t1886\nTotal revenues\t540231\t\t\t\t\t\t\t\t\t\t\t\t540231\nCost of sales\t373413\t\t(6120)\t\t\t\t\t(656)\t\t\t\t\t366637\nWholesale selling expenses\t16084\t\t\t\t\t\t\t\t\t\t\t\t16084\nRetail operating expenses\t111595\t\t\t\t\t\t\t\t\t(2240)\t\t\t109355\nFranchise expenses\t3274\t\t\t\t\t\t\t\t\t\t\t\t3274\nGeneral and administrative expenses\t43062\t\t\t\t\t(194)\t(1707)\t210\t73\t(86)\t\t\t41358\nArt and development costs\t5927\t\t\t\t\t\t\t\t\t\t\t\t5927\nDevelopment stage expenses\t2728\t\t\t\t(2728)\t\t\t\t\t\t\t\t0\nStore impairment and restructuring charges\t2574\t\t(2574)\t\t\t\t\t\t\t\t\t\t0\nGoodwill intangibles and long-lived assets impairment\t259100\t(259100)\t\t\t\t\t\t\t\t\t\t\t0\nTotal expenses\t817757\t(259100)\t(8694)\t0\t(2728)\t(194)\t(1707)\t(446)\t73\t(2326)\t0\t0\t542635\nIncome from operations\t(277526)\t\t\t\t\t\t\t\t\t\t\t\t(2404)\nInterest expense net\t29424\t\t\t\t\t\t\t\t\t\t\t\t29424\nOther expense net\t2047\t\t\t\t(1860)\t\t\t\t\t\t(646)\t68\t(391)\nIncome before income taxes\t(308997)\t\t\t\t\t\t\t\t\t\t\t\t(31437)\nInterest expense net\t29424\t\t\t\t\t\t\t\t\t\t\t\t29424\nDepreciation and amortization\t19155\t\t\t\t\t\t\t\t\t\t\t\t19155\nEBITDA\t(260418)\t\t\t\t\t\t\t\t\t\t\t\t17142\nAdjustments to EBITDA\t277560\t(259100)\t(8694)\t0\t(4588)\t(194)\t(1707)\t(446)\t73\t(2326)\t(646)\t68\t0\nAdjusted EBITDA\t17142\t(259100)\t(8694)\t0\t(4588)\t(194)\t(1707)\t(446)\t73\t(2326)\t(646)\t68\t17142\n", "q10k_tbl_34": "\t\tNine Months Ended September 30 2020 EBITDA Adjustments\t\t\t\t\t\t\t\t\t\t\t\t\n\tSeptember 30 2020 GAAP Basis (as reported)\tGoodwill intangibles and long-lived assets impairment (c)\tStore impairment and restructuring charges (a)\tGain on debt refinancing (p)\tCorporate development expenses (h)\tLegal\tStock Option Expense/Non- Employee Equity Compensation/ Restricted stock units (f)(g)(i)(n)\tDeferred Rent (d)\tOther restructuring retention and severance (b)\tClosed store expense (e)\tCOVID- 19 (l)\tForeign currency losses\tOther\tSeptember 30 2020 Non-GAAP basis\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNet sales\t1198160\t\t\t\t\t\t\t\t\t\t\t\t\t1198160\nRoyalties and franchise fees\t4349\t\t\t\t\t\t\t\t\t\t\t\t\t4349\nTotal revenues\t1202509\t\t\t\t\t\t\t\t\t\t\t\t\t1202509\nCost of sales\t890587\t\t(15467)\t\t\t\t\t(214)\t(4437)\t\t(42446)\t\t(898)\t827125\nWholesale selling expenses\t37115\t\t\t\t(1840)\t\t\t\t\t\t(623)\t\t\t34652\nRetail operating expenses\t250502\t\t\t\t\t\t\t2685\t\t(2733)\t(16312)\t\t\t234142\nFranchise expenses\t9225\t\t\t\t\t\t\t\t\t\t(672)\t\t\t8553\nGeneral and administrative expenses\t162118\t\t\t\t(570)\t(7170)\t(10596)\t147\t(7264)\t(149)\t(11006)\t\t\t125510\nArt and development costs\t13095\t\t\t\t\t\t\t\t\t\t\t\t\t13095\nDevelopment stage expenses\t2932\t\t\t\t(2932)\t\t\t\t\t\t\t\t\t0\n(Gain) on sale/leaseback transaction\t0\t\t\t\t\t\t\t\t\t\t\t\t\t0\nStore impairment and restructuring charges\t20818\t\t(20818)\t\t\t\t\t\t\t\t\t\t\t0\nGoodwill intangibles and long-lived assets impairment\t581380\t(581380)\t\t\t\t\t\t\t\t\t\t\t\t0\nTotal expense\t1967772\t(581380)\t(36285)\t0\t(5342)\t(7170)\t(10596)\t2618\t(11701)\t(2882)\t(71059)\t0\t(898)\t1243077\n(Loss) from operations\t(765263)\t\t\t\t\t\t\t\t\t\t\t\t\t(40568)\nInterest expense net\t63954\t\t\t\t\t\t\t\t\t\t\t\t\t63954\nOther expense net\t4287\t\t\t\t(851)\t\t(1033)\t\t\t\t\t(955)\t(2492)\t(1044)\n(Gain) on debt refinancing\t(273149)\t\t\t273149\t\t\t\t\t\t\t\t\t\t0\n(Loss) before income taxes\t(560355)\t\t\t\t\t\t\t\t\t\t\t\t\t(103478)\nInterest expense net\t63954\t\t\t\t\t\t\t\t\t\t\t\t\t63954\nDepreciation and amortization\t57796\t\t\t\t\t\t\t\t\t\t\t\t\t57796\nEBITDA\t(438605)\t\t\t\t\t\t\t\t\t\t\t\t\t18272\nAdjustments to EBITDA\t456877\t(581380)\t(36285)\t273149\t(6193)\t(7170)\t(11629)\t2618\t(11701)\t(2882)\t(71059)\t(955)\t(3390)\t0\nAdjusted EBITDA\t18272\t(581380)\t(36285)\t273149\t(6193)\t(7170)\t(11629)\t2618\t(11701)\t(2882)\t(71059)\t(955)\t(3390)\t18272\n", "q10k_tbl_35": "\t\tNine Months Ended September 30 2019 EBITDA Adjustments\t\t\t\t\t\t\t\t\t\t\t\t\n\tSeptember 30 2019 GAAP Basis (as reported)\tGoodwill intangibles and long-lived assets impairment (c)\tStore impairment and restructuring charges (a)\tGain on sale/leaseback transaction (o)\tCorporate development expenses (h)\tLegal\tStock Option Expense/Non- Employee Equity Compensation/ Restricted stock units (f)(g)(i)(m)\tDeferred Rent (d)\tOther restructuring retention and severance (b)\tClosed store expense (e)\tNon-Cash Purchase Accounting Adjustments\tForeign currency gains\tOther\tSeptember 30 2019 Non-GAAP basis\nRevenues:\t\t\t\t\t\t\t\t\t\t\t\t\t\t\nNet sales\t1611149\t\t\t\t\t\t\t\t\t\t\t\t\t1611149\nRoyalties and franchise fees\t6089\t\t\t\t\t\t\t\t\t\t\t\t\t6089\nTotal revenues\t1617238\t\t\t\t\t\t\t\t\t\t\t\t\t1617238\nCost of sales\t1065511\t\t(29143)\t\t\t\t\t831\t\t\t\t\t\t1037199\nWholesale selling expenses\t50929\t\t\t\t\t\t\t\t\t\t\t\t\t50929\nRetail operating expenses\t302756\t\t\t\t\t\t\t\t(31)\t(3111)\t\t\t\t299614\nFranchise expenses\t9813\t\t\t\t\t\t\t\t\t\t\t\t\t9813\nGeneral and administrative expenses\t126497\t\t\t\t\t(1795)\t(4115)\t211\t(5217)\t(313)\t\t\t\t115268\nArt and development costs\t17568\t\t\t\t\t\t\t\t\t\t\t\t\t17568\nDevelopment stage expenses\t7966\t\t\t\t(7965)\t\t\t\t\t\t\t\t\t1\nGain on sale/leaseback transaction\t(58381)\t\t\t58381\t\t\t\t\t\t\t\t\t\t0\nStore impairment and restructuring charges\t25817\t\t(25817)\t\t\t\t\t\t\t\t\t\t\t0\nGoodwill intangibles and long-lived assets impairment\t259100\t(259100)\t\t\t\t\t\t\t\t\t\t\t\t0\nTotal expenses\t1807576\t(259100)\t(54960)\t58381\t(7965)\t(1795)\t(4115)\t1042\t(5248)\t(3424)\t0\t0\t0\t1530392\nIncome from operations\t(190338)\t\t\t\t\t\t\t\t\t\t\t\t\t86846\nInterest expense net\t88857\t\t\t\t\t\t\t\t\t\t\t\t\t88857\nOther expense net\t6643\t\t\t\t(3817)\t\t\t\t\t\t(2757)\t(486)\t(22)\t(439)\n(Loss) before income taxes\t(285838)\t\t\t\t\t\t\t\t\t\t\t\t\t(1572)\nInterest expense net\t88857\t\t\t\t\t\t\t\t\t\t\t\t\t88857\nDepreciation and amortization\t62380\t\t\t\t\t\t\t\t\t\t\t\t\t62380\nEBITDA\t(134601)\t\t\t\t\t\t\t\t\t\t\t\t\t149665\nAdjustments to EBITDA\t284266\t(259100)\t(54960)\t58381\t(11782)\t(1795)\t(4115)\t1042\t(5248)\t(3424)\t(2757)\t(486)\t(22)\t0\nAdjusted EBITDA\t149665\t(259100)\t(54960)\t58381\t(11782)\t(1795)\t(4115)\t1042\t(5248)\t(3424)\t(2757)\t(486)\t(22)\t149665\n", "q10k_tbl_36": "\tThree Months Ended September 30\t\tNine Months Ended September 30\t\n\t2020\t2019\t2020\t2019\n(Dollars in thousands except per share amounts)\t\t\t\t\nIncome (loss) before income taxes\t235501\t(308997)\t(560355)\t(285838)\nIntangible asset amortization\t2899\t3553\t8444\t10528\nNon-cash purchase accounting adjustments\t0\t424\t0\t4200\nAmortization of deferred financing costs and original issuance discounts (j)\t875\t1222\t3276\t3511\nStore impairment and restructuring charges (a)\t1321\t8694\t29475\t54960\nOther restructuring charges (b)\t2622\t(263)\t10139\t2822\nGoodwill intangibles and long-lived assets impairment (c)\t44732\t259100\t581380\t259100\nNon-employee equity-based compensation (g)\t0\t128\t1033\t386\nRefinancing charges (j)\t0\t0\t0\t36\nNon-recurring legal settlements/costs\t605\t0\t7026\t0\nStock option expense - time - based (f)\t110\t409\t671\t1150\nStock option expense - performance - based (n)\t0\t0\t7847\t0\nGain on sale/leaseback transaction (o)\t0\t0\t0\t(58381)\n(Gain) on debt refinancing (p)\t(273149)\t0\t(273149)\t0\nRestricted stock unit expense - performance-based (m)\t0\t560\t0\t1036\nCOVID - 19 (l)\t733\t0\t71113\t0\nAdjusted income (loss) before income taxes\t16249\t(35170)\t(113100)\t(6490)\nAdjusted income tax (benefit) expense (k)\t5234\t(9459)\t(36416)\t(2117)\nAdjusted net (loss) income\t11015\t(25711)\t(76684)\t(4373)\nAdjusted net (loss) income per common share - diluted\t0.10\t(0.28)\t(0.78)\t(0.05)\nWeighted-average number of common shares-diluted\t106875631\t93346448\t97872174\t93271392\n", "q10k_tbl_37": "Exhibit Number\tDescription\n3.1\tCertificate of Correction to Party City Holdco Inc.'s Second Amended and Restated Certificate of Incorporation filed on June 6 2019 dated December 17 2019 and corrected Second Amended and Restated Certificate of Incorporation (incorporated by reference to Exhibit 3.1 to Party City Holdco Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31 2019)\n3.2\tAmended and Restated Bylaws (incorporated by reference to Exhibit 3.2 to Party City Holdco Inc.'s Form 8-K dated June 7 2019)\n31.1*\tCertification of Chief Executive Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act as amended as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n31.2*\tCertification of Chief Financial Officer pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act as amended as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.\n32.1*\tCertification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\n32.2*\tCertification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002\n101.INS*\tXBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document\n101.SCH*\tInline XBRL Taxonomy Extension Schema Document\n101.CAL*\tInline XBRL Taxonomy Extension Calculation Linkbase Document\n101.DEF*\tInline XBRL Taxonomy Extension Definition Linkbase Document\n101.LAB*\tInline XBRL Taxonomy Extension Label Linkbase Document\n101.PRE*\tInline XBRL Taxonomy Extension Presentation Linkbase Document\n104*\tCover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)\n"}{"bs": "q10k_tbl_2", "is": "q10k_tbl_33", "cf": "q10k_tbl_9"}None
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended September 30, 2020
OR
☐
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 001-37344
Party City Holdco Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
46-0539758
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
80 Grasslands RoadElmsford, NY
10523
(Address of Principal Executive Offices)
(Zip Code)
Registrant’s telephone number, including area code:
(914) 345-2020
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class
Trading
Symbol(s)
Name of each exchange on which registered
Common Stock, Par Value: $0.01/share
PRTY
New York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”, and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
☐
Accelerated filer
☒
Non-accelerated filer
☐
Smaller reporting company
☐
Emerging Growth Company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒
As of October 30, 2020, 110,646,150 shares of the Registrant’s common stock were outstanding.