XML 70 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CONSOLIDATED STATEMENTS OF INCOME [Abstract]      
Net sales $ 563,579 $ 654,117 $ 615,220
Cost of sales 234,800 246,931 231,746
Gross margin 328,779 407,186 383,474
Selling, general and administrative expenses 250,025 325,799 315,698
Gain on termination of license    (198,838)   
Impairment of goodwill    1,811 837
Total operating expenses 250,025 128,772 316,535
Income from operations 78,754 278,414 66,939
Other expenses (income):      
Interest expense 1,380 1,654 2,197
(Gain) loss on foreign currency 1,168 3,128 (1,546)
Interest and dividend income (4,440) (1,133) (1,105)
Other expenses (income) (1,892) 3,649 (454)
Income before income taxes 80,646 274,765 67,393
Income taxes 29,680 97,875 24,444
Net income 50,966 176,890 42,949
Less: Net income attributable to the noncontrolling interest 11,755 45,754 10,646
Net income attributable to Inter Parfums, Inc. $ 39,211 $ 131,136 $ 32,303
Net income attributable to Inter Parfums, Inc. common shareholders:      
Basic $ 1.27 $ 4.29 $ 1.06
Diluted $ 1.27 $ 4.26 $ 1.05
Weighted average number of shares outstanding:      
Basic 30,763,955 30,574,772 30,514,529
Diluted 30,953,882 30,715,684 30,677,825
Dividends declared per share $ 0.96 $ 0.32 $ 0.32