Quarterly Results (Unaudited)

12 Months Ended

Dec. 31, 2011

Quarterly Results [Abstract]

Quarterly Results (Unaudited)

Note 19 — Quarterly Results (Unaudited)

Despite a concentration of holidays in the fourth quarter of the year, as a result of our expansive product lines and customer base and increased promotional activities, the impact of seasonality on the quarterly results of our wholesale operations has been limited. However, during the third quarter, the promotional activities of our wholesale business, including special dating terms, particularly with respect to Halloween and Christmas products sold to retailers and other distributors, result in slightly higher accounts receivable and inventory balances during the quarter. Our retail operations are subject to significant seasonal variations. Historically, our 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, our year-end holiday sales.

The following table sets forth historical revenues, gross profit, income from operations and net income, by quarter, for the years ended December 31, 2011, 2010, and 2009.

	For the Three Months Ended,
	March 31,			June 30,		September 30,			December 31,
2011
Revenues:
Net sales	$	352,501		$	411,502	$	436,186		$	652,680
Royalties and franchise fees		3,681			4,550		3,962			6,913
Gross profit		127,486			163,715		148,039			294,656
Income from operations		16,608			43,022		11,276			130,464
Net (loss) income attributable to Amscan Holdings, Inc.		(2,563	)		14,532		(5,922	)		70,228
2010
Revenues:
Net sales	$	304,379		$	352,705	$	358,772		$	563,821
Royalties and franchise fees		3,844			4,453		4,035			7,085
Gross profit		104,479			141,840		132,437			257,863
Income from operations		8,288			35,367		17,963			65,818	(a)
Net (loss) income attributable to Amscan Holdings, Inc.		(412	)		16,460		4,603			28,668	(a)
2009
Revenues:
Net sales	$	309,046		$	337,536	$	336,944		$	483,798
Royalties and franchise fees		3,694			4,536		4,164			7,100
Gross profit		103,629			128,425		121,453			214,776
Income from operations		12,201			27,818		14,937			86,917
Net income attributable to Amscan Holdings, Inc.		2,403			10,952		3,079			46,119

(a) During 2010, the Company instituted a program to convert its FCPO stores to Party City stores and recorded a fourth quarter charge of $27,400 for the impairment of the Factory Card & Party Outlet trade name.