SUBSEQUENT EVENTS	9 Months Ended
Sep. 30, 2012
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS On October 3, 2012, the Company announced that Michael Goldstein had retired from his positions as interim Chairman, as a member of the Company's Board of Directors, as Chairman of the Company's Audit Committee and as a member of the Company's Nominating Committee, effective on September 30, 2012. On October 5, 2012, the Company filed (i) the Disclosure Statement with Respect to Debtors' Proposed Joint Plan of Reorganization (the "Disclosure Statement") and (ii) the Debtors' Joint Plan of Reorganization Pursuant to Chapter 11 of the United States Bankruptcy Code (as may be amended, the "Plan") and a motion establishing deadlines and procedures with respect to the solicitation of votes on the Plan (the "Procedures Motion"). On October 31, 2012, the Bankruptcy Court approved the Procedures Motion and the Disclosure Statement and authorized the Debtors to solicit votes on the Plan. The Debtors formally commenced solicitation in respect of the Plan in early November 2012. On October 16, 2012, the Company's Board of Directors elected Jay Emmett, age 83, as the Company's Chairman of the Board of Directors, to serve until his successor is elected and qualified or until his earlier resignation or removal. Mr. Emmett will continue to serve as chairman of the Compensation Committee and as a member of the Audit Committee and Nominating and Corporate Governance Committee of the Company. On the same day, the Company's Board of Directors appointed Bruce Foster, age 52, to the Company's Board of Directors to serve until the next annual meeting of the Company's stockholders and promoted him from Executive Vice President to interim Chief Executive Officer, to serve until his successor is elected and qualified or until his earlier resignation or removal. On October 16, 2012, the Company's Board of Directors approved the Second Amended and Restated By-Laws of the Company (the "By-Laws"). The amendments contained in the By-Laws provide that the Chairman of the Board shall be elected annually by the directors and that the Chairman of the Board shall no longer be required to be an officer of the Company and has separated the positions of the Chairman of the Board of Directors and the Chief Executive Officer. The Company and The Pokémon Company ("TPC") entered into a Settlement Agreement and General Release which was fully executed by the parties on October 18, 2012. The Settlement Agreement and General Release provides that the 12 proofs of claim totaling in excess of $6,000 filed by TPC in the Bankruptcy Cases will be consolidated into one general unsecured claim in the amount of $1,000, plus interest allowed by the Bankruptcy Court on the claims of general unsecured creditors in the Bankruptcy Cases. Such consolidated claim shall be considered an allowed claim by the Debtors and shall be paid upon Bankruptcy Court approval of the Settlement Agreement and General Release and the confirmation of a plan in the Bankruptcy Cases allowing for payment in full on claims of the Debtors' unsecured creditors. In addition, 4Kids will be relinquishing its right to receive a share of the net profits on Pokémon Movie 4 which was distributed by Miramax in 2003. 4Kids and TPC will also be releasing each other from any and all claims. The Settlement Agreement and General Release is subject to the approval of the Bankruptcy Court. 4Kids intends to make a motion to the Bankruptcy Court in mid-November 2012 pursuant to Bankruptcy Rule 9019 seeking approval of the Settlement Agreement and General Release. In the event that the Settlement Agreement and General Release is not approved by the Bankruptcy Court or the plan providing for payment in full of the unsecured creditors is not approved, the releases exchanged by the parties will be null and void and each party will have such rights against the other party as such party had prior to entering into the Settlement Agreement and General Release. On October 29, 2012, the Company, 4Kids Licensing and Samuel R. Newborn, a member of the Company's Board of Directors, Executive Vice President and General Counsel of the Company, entered into a Settlement Agreement and General Release (the "SN Settlement Agreement"), pursuant to which Mr. Newborn's employment with 4Kids Licensing was terminated without cause by agreement of the parties effective as of October 31, 2012. The SN Settlement Agreement compromises all claims for severance and other benefits due Mr. Newborn under the terms of the Severance Agreement dated October 14, 2009 by and between the Company, 4Kids Licensing and Mr. Newborn, as amended. Mr. Newborn will also render certain post-termination services to the Company. The SN Settlement Agreement is subject to the approval of the Bankruptcy Court in connection with the Plan. Under the terms of the SN Settlement Agreement, Mr. Newborn will receive an allowed unsecured claim in the sum of $925, of which $600 will be payable on the effective date of the Company's Plan and $325 will be payable upon the earlier of Mr. Newborn's completion of the work assignments specified in the SN Settlement Agreement or March 1, 2013. In addition, in exchange for the specified post-termination services to be rendered during the period from November 1, 2012 through February 28, 2013 (the "Post-Termination Services"), Mr. Newborn will be compensated at the rate of $25 per month. Thereafter, Mr. Newborn shall render such legal services as may be agreed from time to time by him and the Company. Mr. Newborn will also continue to receive certain health benefits. Under the terms of the SN Settlement Agreement, Mr. Newborn will provide a release of certain claims and liabilities in favor of the Company and 4Kids Licensing relating to his employment or the pending chapter 11 cases. Mr. Newborn will also continue to be bound by certain confidentiality obligations in favor of the Company and 4Kids Licensing as provided in the SN Settlement Agreement. There were no other events that occurred subsequent to September 30, 2012 that would require recognition or disclosure in the Company's consolidated financial statements.

13. SUBSEQUENT EVENTS

On October 3, 2012, the Company announced that Michael Goldstein had retired from his positions as interim Chairman, as a member of the Company's Board of Directors, as Chairman of the Company's Audit Committee and as a member of the Company's Nominating Committee, effective on September 30, 2012.

On October 5, 2012, the Company filed (i) the Disclosure Statement with Respect to Debtors' Proposed Joint Plan of Reorganization (the "Disclosure Statement") and (ii) the Debtors' Joint Plan of Reorganization Pursuant to Chapter 11 of the United States Bankruptcy Code (as may be amended, the "Plan") and a motion establishing deadlines and procedures with respect to the solicitation of votes on the Plan (the "Procedures Motion"). On October 31, 2012, the Bankruptcy Court approved the Procedures Motion and the Disclosure Statement and authorized the Debtors to solicit votes on the Plan. The Debtors formally commenced solicitation in respect of the Plan in early November 2012.

On October 16, 2012, the Company's Board of Directors elected Jay Emmett, age 83, as the Company's Chairman of the Board of Directors, to serve until his successor is elected and qualified or until his earlier resignation or removal. Mr. Emmett will continue to serve as chairman of the Compensation Committee and as a member of the Audit Committee and Nominating and Corporate Governance Committee of the Company.

On the same day, the Company's Board of Directors appointed Bruce Foster, age 52, to the Company's Board of Directors to serve until the next annual meeting of the Company's stockholders and promoted him from Executive Vice President to interim Chief Executive Officer, to serve until his successor is elected and qualified or until his earlier resignation or removal.

On October 16, 2012, the Company's Board of Directors approved the Second Amended and Restated By-Laws of the Company (the "By-Laws"). The amendments contained in the By-Laws provide that the Chairman of the Board shall be elected annually by the directors and that the Chairman of the Board shall no longer be required to be an officer of the Company and has separated the positions of the Chairman of the Board of Directors and the Chief Executive Officer.

The Company and The Pokémon Company ("TPC") entered into a Settlement Agreement and General Release which was fully executed by the parties on October 18, 2012. The Settlement Agreement and General Release provides that the 12 proofs of claim totaling in excess of $6,000 filed by TPC in the Bankruptcy Cases will be consolidated into one general unsecured claim in the amount of $1,000, plus interest allowed by the Bankruptcy Court on the claims of general unsecured creditors in the Bankruptcy Cases. Such consolidated claim shall be considered an allowed claim by the Debtors and shall be paid upon Bankruptcy Court approval of the Settlement Agreement and General Release and the confirmation of a plan in the Bankruptcy Cases allowing for payment in full on claims of the Debtors' unsecured creditors. In addition, 4Kids will be relinquishing its right to receive a share of the net profits on Pokémon Movie 4 which was distributed by Miramax in 2003. 4Kids and TPC will also be releasing each other from any and all claims.

The Settlement Agreement and General Release is subject to the approval of the Bankruptcy Court. 4Kids intends to make a motion to the Bankruptcy Court in mid-November 2012 pursuant to Bankruptcy Rule 9019 seeking approval of the Settlement Agreement and General Release. In the event that the Settlement Agreement and General Release is not approved by the Bankruptcy Court or the plan providing for payment in full of the unsecured creditors is not approved, the releases exchanged by the parties will be null and void and each party will have such rights against the other party as such party had prior to entering into the Settlement Agreement and General Release.

On October 29, 2012, the Company, 4Kids Licensing and Samuel R. Newborn, a member of the Company's Board of Directors, Executive Vice President and General Counsel of the Company, entered into a Settlement Agreement and General Release (the "SN Settlement Agreement"), pursuant to which Mr. Newborn's employment with 4Kids Licensing was terminated without cause by agreement of the parties effective as of October 31, 2012. The SN Settlement Agreement compromises all claims for severance and other benefits due Mr. Newborn under the terms of the Severance Agreement dated October 14, 2009 by and between the Company, 4Kids Licensing and Mr. Newborn, as amended. Mr. Newborn will also render certain post-termination services to the Company. The SN Settlement Agreement is subject to the approval of the Bankruptcy Court in connection with the Plan.

Under the terms of the SN Settlement Agreement, Mr. Newborn will receive an allowed unsecured claim in the sum of $925, of which $600 will be payable on the effective date of the Company's Plan and $325 will be payable upon the earlier of Mr. Newborn's completion of the work assignments specified in the SN Settlement Agreement or March 1, 2013. In addition, in exchange for the specified post-termination services to be rendered during the period from November 1, 2012 through February 28, 2013 (the "Post-Termination Services"), Mr. Newborn will be compensated at the rate of $25 per month. Thereafter, Mr. Newborn shall render such legal services as may be agreed from time to time by him and the Company. Mr. Newborn will also continue to receive certain health benefits. Under the terms of the SN Settlement Agreement, Mr. Newborn will provide a release of certain claims and liabilities in favor of the Company and 4Kids Licensing relating to his employment or the pending chapter 11 cases. Mr. Newborn will also continue to be bound by certain confidentiality obligations in favor of the Company and 4Kids Licensing as provided in the SN Settlement Agreement.

There were no other events that occurred subsequent to September 30, 2012 that would require recognition or disclosure in the Company's consolidated financial statements.