(13)

Segments and Geographic Areas

The Company manufactures and distributes one product line, fragrances and fragrance related products. The Company manages its business in two segments, European based operations and United States based operations. The European assets are located, and operations are primarily conducted, in France. European operations primarily represent the sale of the prestige brand name fragrances, and United States operations represent the sale of prestige brand name and specialty retail fragrances. Information on the Company's operations by segments is as follows:

	Year ended December 31,
	2014			2013			2012
Net sales:
United States	$	105,270		$	99,158		$	83,106
Europe		394,164			464,562			571,877
Eliminations of intercompany sales		(173	)		(141	)		(866	)
	$	499,261		$	563,579		$	654,117
Net income attributable to Inter Parfums, Inc.:
United States	$	8,069		$	6,806		$	5,078
Europe		21,367			32,392			126,045
Eliminations		—			13			13
	$	29,436		$	39,211		$	131,136
Depreciation and amortization expense:
United States	$	1,554		$	1,216		$	958
Europe		8,612			9,894			14,596
	$	10,166		$	11,110		$	15,554
Interest and dividend income:
United States	$	3		$	16		$	7
Europe		3,885			4,424			1,126
	$	3,888		$	4,440		$	1,133
Interest expense:
United States	$	73		$	13		$	38
Europe		1,405			1,367			1,616
	$	1,478		$	1,380		$	1,654
Income tax expense:
United States	$	4,643		$	4,512		$	3,804
Europe		14,727			25,159			94,063
Eliminations		—			9			8
	$	19,370		$	29,680		$	97,875

	December 31,
	2014			2013			2012
Total assets:
United States	$	78,740		$	76,980		$	64,278
Europe		535,049			596,153			704,464
Eliminations of investment in subsidiary		(9,283	)		(9,075	)		(8,822	)
	$	604,506		$	664,058		$	759,920
Additions to long-lived assets:
United States	$	1,165		$	7,629		$	3,131
Europe		3,059			5,155			26,060
	$	4,224		$	12,784		$	29,191
Total long-lived assets:
United States	$	13,433		$	13,823		$	7,572
Europe		94,285			112,864			118,712
	$	107,718		$	126,687		$	126,284
Deferred tax assets:
United States	$	396		$	341		$	762
Europe		6,452			6,916			12,361
Eliminations		-			-			9
	$	6,848		$	7,257		$	13,132

United States export sales were approximately $52.3 million, $50.4 million and $38.8 million in 2014, 2013 and 2012, respectively. Consolidated net sales to customers by region are as follows:

	Year ended December 31,
	2014		2013		2012
North America	$	134,600	$	154,300	$	175,400
Europe		177,900		215,600		241,300
Central and South America		49,200		42,400		53,000
Middle East		40,300		43,300		62,100
Asia		85,500		98,600		115,300
Other		11,800		9,400		7,000

	$	499,300	$	563,600	$	654,100

Consolidated net sales to customers in major countries are as follows:

	Year Ended December 31,
	2014		2013		2012
United States	$	128,000	$	150,000	$	167,000
United Kingdom	$	37,000	$	46,000	$	48,000
France	$	50,000	$	47,000	$	46,000