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Segments and Geographic Areas
 12 Months Ended
Dec. 31, 2022
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, 
   2022   2021   2020 
Net sales:               
United States  $342,644   $216,559   $117,489 
Europe   744,075    663,290    422,947 
Eliminations of intercompany sales   (66)   (333)   (1,427)
   $1,086,653   $879,516   $539,009 
Net income attributable to Inter Parfums, Inc.:               
United States  $43,745   $29,359   $7,942 
Europe   77,193    57,869    30,241 
Eliminations   —    183    36 
   $120,938   $87,411   $38,219 
               
Depreciation and amortization expense including impairment loss:               
United States  $6,355   $3,835   $3,354 
Europe   16,184    8,863    5,713 
   $22,539   $12,698   $9,067 
Interest and investment income:            
United States  $66   $3   $24 
Europe   5,769    3,526    2,971 
Eliminations   (349)   (126)   (130)
   $5,486   $3,403   $2,865 
Interest expense:               
United States  $1,100   $636   $604 
Europe   2,848    2,315    1,496 
Eliminations   (349)   (126)   (130)
   $3,599   $2,825   $1,970 
Income tax expense:               
United States  $6,920   $5,336   $1,590 
Europe   36,262    35,607    17,782 
Eliminations   —    49    9 
   $43,182   $40,992   $19,381 

 

   December 31, 
   2022   2021   2020 
Total assets:               
United States  $278,090   $247,703   $141,316 
Europe   1,052,004    931,735    758,812 
Eliminations   (21,552)   (34,074)   (9,983)
   $1,308,542   $1,145,364   $890,145 
Additions to long-lived assets:               
United States  $2,318   $2,711   $1,004 
Europe   31,438    138,563    11,259 
   $33,756   $141,274   $12,263 
Total long-lived assets:               
United States  $61,539   $63,094   $40,656 
Europe   423,999    334,033    217,766 
   $485,538   $397,127   $258,422 
Deferred tax assets:               
United States  $2,906   $870   $886 
Europe   8,253    7,066    7,106 
Eliminations   —    —    49 
   $11,159   $7,936   $8,041 

 

United States export sales were approximately $169.1 million, $126.2 million and $71.5 million in 2022, 2021 and 2020, respectively. Consolidated net sales to customers by region are as follows:

 

   Year ended December 31, 
   2022   2021   2020 
North America  $431,900   $354,100   $193,500 
Europe   333,400    271,600    180,200 
Asia   152,700    128,000    79,700 
Middle East   87,800    61,000    46,800 
Central and South America   69,900    56,400    32,500 
Other   11,000    8,400    6,300 
   $1,086,700   $879,500   $539,000 

 

 

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

 

   Year Ended December 31, 
   2022   2021   2020 
United States  $420,900   $351,300   $187,300 
France  $44,800   $44,000   $37,600 
Russia  $33,964   $43,400   $14,100 
United Kingdom  $37,900   $38,500   $24,600