v3.25.1
Segments and Disaggregated Revenue Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segments and Disaggregated Revenue Information Segments and Disaggregated Revenue Information
The Company identifies its segments according to how the business activities are managed and evaluated and for which discrete financial information is available and regularly reviewed by its Chief Operating Decision Maker (“CODM”) to allocate resources and assess performance. The CODM reviews financial performance and allocates resources at a consolidated level on a regular basis, the Company has one segment. There were no changes to the CODM nor the CODM information review during the three months ended March 31, 2025.
The CODM assesses performance for the segment and decides how to allocate resources (including employees, property, financial, and capital resources) based on consolidated net loss that also is reported on the Company's consolidated statements of operations.
The CODM uses consolidated net loss to monitor budget-to-actual results on a monthly basis. During the monthly finance review, consolidated net income (loss) along with other finance metrics are presented to the CODM to understand how branded categories are tracking to budget, specific to net sales. During the three months ended March 31, 2025, there were no changes to the measures used for finance metrics utilized.
The following table sets forth segment information for revenue, segment net loss and significant expenses:
 Three Months Ended March 31,
20252024
(in thousands)
Net sales$190,739 $215,699 
Less:
Product, freight, duties and shipping costs77,832 92,395 
License and royalty costs32,675 34,060 
Inventory reserves and other costs3,361 2,972 
Salaries, benefits, incentive and stock compensation35,821 38,711 
Warehouse labor and third-party logistics fees10,050 10,884 
Advertising and marketing 11,023 6,944 
Other selling, general and administrative fees27,913 29,056 
Depreciation and amortization15,262 15,579 
Other expense, net4,017 7,864 
Income tax expense844 900 
Net loss$(28,059)$(23,666)

The following table presents summarized product information (in thousands):
Three Months Ended March 31,
20252024
Core Collectible$144,479 $157,121 
Loungefly35,374 40,676 
Other10,886 17,902 
$190,739 $215,699 
The following tables present summarized geographical information, shipped to (net sales) and used in (long-term assets) (in thousands):
Three Months Ended March 31,
20252024
Net sales:
United States$121,909 $146,366 
Europe54,205 54,243 
Other International14,625 15,090 
Total net sales$190,739 $215,699 
March 31, 2025December 31, 2024
Long-term assets:
United States$84,332 $88,705 
Europe14,816 15,055 
Other International31,122 31,236 
Total long-lived assets$130,270 $134,996