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Segments and Geographic Areas
 12 Months Ended
Dec. 31, 2017
Segments, Geographical Areas [Abstract]  
Segments and Geographic Areas

(15) 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. Both European and United States operations primarily represent the sale of prestige brand name fragrances.

  

Information on the Company’s operations by segments is as follows:

 

    Year ended December 31,  
    2017     2016     2015  
Net sales:                        
    United States   $ 116,244     $ 117,256     $ 105,851  
    Europe     476,660       404,198       362,911  
    Eliminations of intercompany sales     (1,653 )     (382 )     (222 )
    $ 591,251     $ 521,072     $ 468,540  
Net income attributable to Inter Parfums, Inc.:                        
    United States   $ 7,051     $ 8,285     $ 7,640  
    Europe     34,577       25,120       22,797  
    Eliminations     (34 )     (74 )     —  
    $ 41,594     $ 33,331     $ 30,437  
Depreciation and amortization expense including impairment loss:                        
    United States   $ 3,943     $ 1,816     $ 1,583  
    Europe     7,971       13,525       7,495  
    $ 11,914     $ 15,341     $ 9,078  
Interest and dividend income:                        
    United States   $ 58     $ 22     $ 18  
    Europe     2,925       3,309       2,977  
    $ 2,983     $ 3,331     $ 2,995  
Interest expense:                        
    United States   $ —     $ —     $ 2  
    Europe     1,991       2,340       2,824  
    $ 1,991     $ 2,340     $ 2,826  
Income tax expense:                        
    United States   $ 3,764     $ 4,278     $ 3,923  
    Europe     19,069       19,596       17,604  
    Eliminations     (21 )     (48 )     —  
    $ 22,812     $ 23,826     $ 21,527  
                         
      December 31,  
      2017       2016       2015  
Total assets:                        
    United States   $ 92,909     $ 89,930     $ 80,761  
    Europe     694,385       602,077       616,199  
    Eliminations of investment in subsidiary     (9,522 )     (9,598 )     (9,301 )
    $ 777,772     $ 682,409     $ 687,659  
Additions to long-lived assets:                        
    United States   $ 980     $ 930     $ 1,283  
    Europe     3,089       4,812       122,663  
    $ 4,069     $ 5,742     $ 123,946  
Total long-lived assets:                        
    United States   $ 9,284     $ 12,247     $ 13,133  
    Europe     201,541       181,697       197,535  
    $ 210,825     $ 193,944     $ 210,668  

 

Deferred tax assets:                  
    United States   $ 781     $ 194     $ 365  
    Europe     8,808       7,848       6,817  
    Eliminations     69       48       —  
    $ 9,658     $ 8,090     $ 7,182  

  

United States export sales were approximately $71.4 million, $77.5 million and $66.3 million in 2017, 2016 and 2015, respectively. Consolidated net sales to customers by region are as follows:

 

    Year ended December 31,  
    2017     2016     2015  
North America   $ 176,900     $ 149,000     $ 125,700  
Europe     214,800       194,700       170,600  
Central and South America     51,200       44,000       41,100  
Middle East     50,500       41,600       41,900  
Asia     88,000       81,300       78,200  
Other     9,900       10,500       11,000  
                         
    $ 591,300     $ 521,100     $ 468,500  

 

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

 

    Year Ended December 31,  
    2017     2016     2015  
United States   $ 173,000     $ 144,000     $ 122,000  
United Kingdom   $ 33,000     $ 31,000     $ 32,000  
France   $ 44,000     $ 47,000     $ 34,000