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Segments and Geographic Areas
 12 Months Ended
Dec. 31, 2020
Segment Reporting [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,
   2020  2019  2018
Net sales:         
United States  $117,489   $173,522   $140,768 
Europe   422,947    542,226    537,805 
Eliminations of intercompany sales   (1,427)   (2,234)   (2,999)
   $539,009   $713,514   $675,574 
Net income attributable to Inter Parfums, Inc.:               
United States  $7,942   $19,365   $13,071 
Europe   30,241    40,840    40,877 
Eliminations   36    44    (155)
   $38,219   $60,249   $53,793 
Depreciation and amortization expense including impairment loss:               
United States  $3,354   $3,088   $2,711 
Europe   5,713    5,641    8,320 
   $9,067   $8,729   $11,031 
Interest income:               
United States  $24   $345   $137 
Europe   2,971    3,501    3,820 
Eliminations   (130)   (153)   -- 
   $2,865   $3,693   $3,957 
Interest expense:               
United States  $604   $673   $419 
Europe   1,496    1,626    2,159 
Eliminations   (130)   (153)   -- 
   $1,970   $2,146   $2,578 
Income tax expense:               
United States  $1,590   $3,945   $2,264 
Europe   17,782    25,101    23,898 
Eliminations   9    30    (18)
   $19,381   $29,076   $26,144 

 

   December 31,
   2020  2019  2018
Total assets:         
United States  $141,316   $166,180   $133,706 
Europe   758,812    670,657    684,485 
Eliminations   (9,983)   (8,005)   (20,362)
   $890,145   $828,832   $797,829 
Additions to long-lived assets:               
United States  $1,004   $5,851   $19,181 
Europe   11,259    5,643    4,188 
   $12,263   $11,494   $23,369 
Total long-lived assets:               
United States  $40,656   $44,473   $25,753 
Europe   217,766    196,976    188,411 
   $258,422   $241,449   $214,164 
Deferred tax assets:               
United States  $886   $705   $650 
Europe   7,106    7,241    5,023 
Eliminations   49    58    88 
   $8,041   $8,004   $5,761 

 

United States export sales were approximately $71.5 million, $112.0 million and $95.1 million in 2020, 2019 and 2018, respectively. Consolidated net sales to customers by region are as follows:

 

   Year ended December 31,
   2020  2019  2018
North America  $193,500   $235,500   $210,600 
Europe   180,200    240,800    233,600 
Asia   79,700    110,900    113,400 
Middle East   46,800    72,600    59,300 
Central and South America   32,500    46,200    51,700 
Other   6,300    7,500    7,000 
                
   $539,000   $713,500   $675,600 

 

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

 

   Year Ended December 31,
   2020  2019  2018
United States  $187,300   $225,300   $205,000 
France  $37,600   $43,500   $44,000 
Russia  $14,100   $36,800   $35,000 
United Kingdom  $24,600   $35,800   $36,000