XML 106 R21.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Segments and Geographic Areas | 12 Months Ended
--- | ---
Dec. 31, 2019
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] |
| (14) | 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, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net sales: |  |  |  |  |  |  |  |  |
United States |  | $ | 173,522 |  |  | $ | 140,768 |  |  | $ | 116,244 |
Europe |  |  | 542,226 |  |  |  | 537,805 |  |  |  | 476,660 |
Eliminations of intercompany sales |  |  | (2,234 | ) |  |  | (2,999 | ) |  |  | (1,653 | )
|  | $ | 713,514 |  |  | $ | 675,574 |  |  | $ | 591,251 |
Net income attributable to Inter Parfums, Inc.: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 19,365 |  |  | $ | 13,071 |  |  | $ | 7,051 |
Europe |  |  | 40,840 |  |  |  | 40,877 |  |  |  | 34,577 |
Eliminations |  |  | 44 |  |  |  | (155 | ) |  |  | (34 | )
|  | $ | 60,249 |  |  | $ | 53,793 |  |  | $ | 41,594 |
Depreciation and amortization expense including impairment loss: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,088 |  |  | $ | 2,711 |  |  | $ | 3,943 |
Europe |  |  | 5,641 |  |  |  | 8,320 |  |  |  | 7,971 |
|  | $ | 8,729 |  |  | $ | 11,031 |  |  | $ | 11,914 |
Interest income: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 345 |  |  | $ | 137 |  |  | $ | 58 |
Europe |  |  | 3,501 |  |  |  | 3,820 |  |  |  | 2,925 |
Eliminations |  |  | (153 | ) |  |  | -- |  |  |  | -- |
|  | $ | 3,693 |  |  | $ | 3,957 |  |  | $ | 2,983 |
Interest expense: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 673 |  |  | $ | 419 |  |  | $ | -- |
Europe |  |  | 1,626 |  |  |  | 2,159 |  |  |  | 1,992 |
Eliminations |  |  | (153 | ) |  |  | -- |  |  |  | -- |
|  | $ | 2,146 |  |  | $ | 2,578 |  |  | $ | 1,992 |
Income tax expense: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 3,945 |  |  | $ | 2,264 |  |  | $ | 3,764 |
Europe |  |  | 25,101 |  |  |  | 23,898 |  |  |  | 19,069 |
Eliminations |  |  | 30 |  |  |  | (18 | ) |  |  | (21 | )
|  | $ | 29,076 |  |  | $ | 26,144 |  |  | $ | 22,812 |
|  | December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
Total assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 166,180 |  |  | $ | 133,706 |  |  | $ | 92,909 |
Europe |  |  | 670,657 |  |  |  | 684,485 |  |  |  | 694,385 |
Eliminations |  |  | (8,005 | ) |  |  | (20,362 | ) |  |  | (9,522 | )
|  | $ | 828,832 |  |  | $ | 797,829 |  |  | $ | 777,772 |
Additions to long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 5,851 |  |  | $ | 19,181 |  |  | $ | 980 |
Europe |  |  | 5,643 |  |  |  | 4,188 |  |  |  | 3,089 |
|  | $ | 11,494 |  |  | $ | 23,369 |  |  | $ | 4,069 |
Total long-lived assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 44,473 |  |  | $ | 25,753 |  |  | $ | 9,284 |
Europe |  |  | 196,976 |  |  |  | 188,411 |  |  |  | 201,541 |
|  | $ | 241,449 |  |  | $ | 214,164 |  |  | $ | 210,825 |
Deferred tax assets: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 705 |  |  | $ | 650 |  |  | $ | 781 |
Europe |  |  | 7,241 |  |  |  | 5,023 |  |  |  | 4,987 |
Eliminations |  |  | 58 |  |  |  | 88 |  |  |  | 69 |
|  | $ | 8,004 |  |  | $ | 5,761 |  |  | $ | 5,837 |
United States export sales were approximately $113.2 million, $95.5 million and $71.4 million in 2019, 2018 and 2017, respectively. Consolidated net sales to customers by region are as follows:
|  | Year ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
North America |  | $ | 234,000 |  |  | $ | 210,200 |  |  | $ | 176,900 |
Europe |  |  | 240,800 |  |  |  | 233,600 |  |  |  | 214,800 |
Asia |  |  | 106,500 |  |  |  | 109,000 |  |  |  | 88,000 |
Middle East |  |  | 72,600 |  |  |  | 59,300 |  |  |  | 50,500 |
Central and South America |  |  | 46,200 |  |  |  | 51,700 |  |  |  | 51,200 |
Other |  |  | 13,400 |  |  |  | 11,800 |  |  |  | 9,900 |
|  | $ | 713,500 |  |  | $ | 675,600 |  |  | $ | 591,300 |
Consolidated net sales to customers in major countries are as follows:
|  | Year Ended December 31, |
|  | 2019 |  |  | 2018 |  |  | 2017 |
United States |  | $ | 225,300 |  |  | $ | 204,000 |  |  | $ | 173,000 |
France |  | $ | 43,500 |  |  | $ | 44,000 |  |  | $ | 44,000 |
Russia |  | $ | 36,800 |  |  | $ | 35,000 |  |  | $ | 34,000 |
United Kingdom |  | $ | 35,800 |  |  | $ | 36,000 |  |  | $ | 33,000 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration